Latest news with #WynnMacau
Business Insider
02-06-2025
- Business
- Business Insider
Wynn Macau (WYNMF) Receives a Buy from J.P. Morgan
In a report released today, Ds Kim from J.P. Morgan reiterated a Buy rating on Wynn Macau (WYNMF – Research Report), with a price target of HK$6.50. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Kim is a 4-star analyst with an average return of 8.0% and a 46.74% success rate. Kim covers the Consumer Cyclical sector, focusing on stocks such as Melco Resorts & Entertainment, SJM Holdings, and Melco International. Wynn Macau has an analyst consensus of Strong Buy, with a price target consensus of $0.86. Based on Wynn Macau's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7 billion and a net profit of $803.03 million. In comparison, last year the company earned a revenue of $7.87 billion and had a net profit of $1.08 billion
South China Morning Post
09-04-2025
- Business
- South China Morning Post
Why China can and should go all out against Trump in his trade war
China is going the whole hog in response to US President Donald Trump's tariff war , showing it is prepared to completely cease trade with the United States. The European Union and Canada are stiffening their backs too. Advertisement Trump's tariff salvo is clearly demented, in basing the rates on trade imbalances. If a country's imports from the US are only 10 per cent of its US exports, Trump interprets it as a 90 per cent tariff – though in his magnanimity, he halves it, ending up with 45 per cent. The twisted logic is that, as long as the US tariff is high enough, trade with the US will be balanced. But all this will do is reduce trade with the US. Perhaps balance will be achieved once there is no trade on either side. Maybe the road to balancing trade for the US is for its demand to collapse, rather than for its exports to increase. China has clearly given up hope of a compromise. Its raising of US import tariffs by the same percentage as Trump's last week shows its determination to go all the way with the US on this. In addition, China has other means of retaliation. First, China can cancel the gambling licences of casino operators Sands China and Wynn Macau . Gambling is a harmful business anyway. If these American companies leave China, good riddance. Advertisement
Yahoo
04-04-2025
- Business
- Yahoo
Why Wynn Resorts (WYNN) Stock Is Down Today
Shares of luxury hotels and casino operator Wynn Resorts (NASDAQ:WYNN) fell 7.8% in the morning session after China imposed a 34% tariff on all U.S. imports amid escalating trade war tensions. This was partly in response to the "reciprocal tariffs" announced by the Trump administration the previous day, with levies on Chinese goods estimated to be as high as 50%. The announcement added a new layer of uncertainty for the company, which remained heavily exposed to the Chinese market through its operations in Macau. While the tariffs may not directly affect the hospitality and gaming sectors, they signal a broader deterioration in U.S.–China relations, an environment that could negatively impact regulatory conditions, consumer sentiment, and travel flows. With a significant portion of Wynn's revenue generated from Chinese high-end gamblers and tourists, heightened geopolitical friction raises the risk of reduced visitation and spending. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Wynn Resorts? Access our full analysis report here, it's free. Wynn Resorts's shares are not very volatile and have only had 9 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was about 2 months ago when the stock gained 10.7% on the news that the company reported strong fourth-quarter 2024 results that blew past analysts' EPS and revenue estimates. However, Casino revenue came in below expectations, with weakness in Wynn Macau offsetting gains in Wynn Palace and Las Vegas. Adjusted property EBITDAR declined slightly as softer results in Macau and Encore Boston Harbor weighed on overall profitability. Looking ahead, the company reiterated its growth focus, including its Wynn Al Marjan Island development in the UAE, which is expected to enhance long-term cash flow. Overall, we think this was still a solid quarter with some key areas of upside. Wynn Resorts is down 16.7% since the beginning of the year, and at $69.79 per share, it is trading 35.1% below its 52-week high of $107.46 from April 2024. Investors who bought $1,000 worth of Wynn Resorts's shares 5 years ago would now be looking at an investment worth $1,230. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
