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CLSA: WYNN MACAU (01128.HK) TP Kept at $9 on Lower-than-expected 3Q Property EBITDA
2025-11-07 12:21:12
WYNN MACAU (01128.HK)'s 3Q25 property EBITDA rose 17% YoY to $2.405 billion, 2% above market consensus, but 3% below CLSA's forecast, according to CLSA's research report. Property EBITDA margin expanded by 0.6 ppts YoY to 30.8%.

CLSA now kept rating at Outperform for WYNN MACAU, with a target price of $9, believing that the Company still has solid cash flow generation due to the absence of significant expansionary capital expenditures, which will help support its valuation.
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