摩根士丹利发表研究报告指，澳门8月赌收按年增长12%，符合该行及市场预期。大摩表示，经过连续3 个月录双位数升幅后，预计今年下半年的经营杠杆将开始发挥作用，推动利润率扩张和盈利修正。大摩 预期，9月赌收将按年增长16%，意味着第三季按年升16%。该行予金沙中国、美高梅中国、永利澳门 及新濠博亚"增持"评级。 ...

Market Overview - On August 25, US stock indices collectively declined, with the Dow Jones falling by 349.27 points to close at 45,282.47, a decrease of 0.77% [1] - The Nasdaq dropped by 47.24 points to 21,449.29, down 0.22%, while the S&P 500 fell by 27.59 points to 6,439.32, a decline of 0.43% [1] Technology Sector - Major tech stocks showed mixed performance; Tesla rose by 1.94%, Google increased by over 1%, and Nvidia also gained over 1%. In contrast, Microsoft fell by 0.59%, Amazon by 0.39%, Apple by 0.26%, and Facebook by 0.2% [3] - Nvidia announced the launch of the Drive AGX Thor development kit, available for pre-order immediately and set to ship in September, aimed at accelerating the design, testing, and deployment of autonomous vehicles and smart transportation solutions [3] - Nvidia also launched the Jetson AGX Thor developer kit, specifically designed for robotics applications, with a starting price of $3,499, now available for global customers including those in China [3] - Intel stated that Trump's US stockholding plan poses business risks, and on August 22, Intel announced an agreement with the US federal government for an $8.9 billion investment to acquire 433.3 million shares of Intel common stock at $20.47 per share, representing 9.9% of the company [3] Banking Sector - Most bank stocks declined, with JPMorgan down 0.49%, Goldman Sachs down 0.45%, Citigroup down 0.31%, and Morgan Stanley down 0.25%. However, Bank of America rose by 0.04%, and Wells Fargo increased by over 1% [4] Chinese Stocks - The Nasdaq Golden Dragon China Index saw a slight increase of 0.11%. Among popular Chinese stocks, Daqo New Energy rose by over 4%, Melco Resorts increased by over 3%, and NetEase gained over 2%. Conversely, Newegg fell by over 15%, DaJiang Cloud Warehouse dropped by over 9%, and Semtech declined by over 5% [4] Economic Indicators - According to the CME Group's FedWatch tool, traders currently estimate an 84% probability of a Federal Reserve interest rate cut in September [5] - The London Stock Exchange was closed, while the other two major European indices reported declines, with the CAC40 index in Paris closing at 7,843.04, down 126.65 points or 1.59%, and the DAX index in Frankfurt closing at 24,273.12, down 89.97 points or 0.37% [5]

资料显示，新濠博亚娱乐有限公司(新濠)为一家于亚洲及欧洲区发展、拥有及经营综合娱乐度假村业务 的公司。该公司目前经营位于澳门凼仔的综合度假村Altira Macau和位于澳门金光大道的综合度假村梦 想之城。其业务还包括摩卡俱乐部,是澳门最大的非赌场电子游戏机运营商。该公司还拥有并运营Studio City,这是一家位于澳门金光大道的电影主题综合度假村。在菲律宾,该公司的一家菲律宾子公司目前经 营和管理马尼拉梦之城,这是马尼拉娱乐城综合体中的一个综合度假村。在欧洲,该公司目前正在塞浦路 斯共和国开发地中海梦幻之城,预计该城将成为欧洲最大、首屈一指的综合度假胜地。该公司目前经营 一家临时赌场,这是塞浦路斯共和国第一家经授权的赌场,并获得经营四家卫星赌场("塞浦路斯赌场")的 许可。地中海梦幻城开业后,该公司将继续运营卫星赌场,而临时赌场将停止运营。 本文源自：金融界 作者：行情君 8月20日，新濠博亚娱乐(MLCO)盘中上涨2.1%，截至00:00，报8.77美元/股，成交517.79万美元，总市 值34.24亿美元。 财务数据显示，截至2025年06月30日，新濠博亚娱乐收入总额25.61亿美元，同比增长12. ...

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Lindblad Expeditions (LIND) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question. Lindblad Expeditions is a member of our Consumer Discretionary group, which includes 253 different companies and currently sits at #8 in the Za ...

8月12日，新濠博亚娱乐(MLCO)盘中上涨2.08%，截至22:27，报8.82美元/股，成交296.61万美元，总市 值34.43亿美元。 财务数据显示，截至2025年06月30日，新濠博亚娱乐收入总额25.61亿美元，同比增长12.7%；归母净利 润4972.4万美元，同比增长36.01%。 大事提醒： 8月1日，新濠博亚娱乐获花旗上调目标价至11.5美元，最新评级Buy。 资料显示，新濠博亚娱乐有限公司(新濠)为一家于亚洲及欧洲区发展、拥有及经营综合娱乐度假村业务 的公司。该公司目前经营位于澳门凼仔的综合度假村Altira Macau和位于澳门金光大道的综合度假村梦 想之城。其业务还包括摩卡俱乐部,是澳门最大的非赌场电子游戏机运营商。该公司还拥有并运营Studio City,这是一家位于澳门金光大道的电影主题综合度假村。在菲律宾,该公司的一家菲律宾子公司目前经 营和管理马尼拉梦之城,这是马尼拉娱乐城综合体中的一个综合度假村。在欧洲,该公司目前正在塞浦路 斯共和国开发地中海梦幻之城,预计该城将成为欧洲最大、首屈一指的综合度假胜地。该公司目前经营 一家临时赌场,这是塞浦路斯共和国第一家经授权的赌场,并获得 ...

Core Viewpoint - Morgan Stanley reports that Macau's gaming revenue has exceeded expectations for two consecutive months, with a year-on-year growth of 19%, prompting an upward revision of the annual growth forecast for gaming revenue from 5% to 10% and EBITDA growth from 2% to 6% [1] Group 1: Industry Performance - The significant positive operating leverage, reduced competition, and improved profit estimates are highlighted as key factors contributing to the industry's strong performance [1] - Despite the recent strong performance, the industry is still considered undervalued if growth can be sustained [1] Group 2: Future Projections - Macau's gaming revenue forecasts for 2025, 2026, and 2027 are projected at MOP 248.963 billion, MOP 263.9 billion, and MOP 279.7 billion, representing year-on-year increases of 9.8%, 6%, and 6% respectively [1] Group 3: Company Target Price Adjustments - Morgan Stanley has raised the target prices for all six companies under coverage, maintaining a positive outlook on Melco Resorts, MGM China, and Sands China, all rated as "Overweight" [1] - Specific target price adjustments include MGM China from HKD 14.5 to HKD 18, Sands China from HKD 17.5 to HKD 21, and Silver Heritage from HKD 35 to HKD 40, maintaining a "Market Perform" rating [1]

Core Viewpoint - Melco Resorts & Entertainment reported better-than-expected Q2 2025 results, with net revenue of $1.328 billion, a 15% year-over-year increase and an 8% quarter-over-quarter increase, recovering to 91% of Q2 2019 levels [1] Group 1: Financial Performance - Adjusted property EBITDA was $378 million, up 25% year-over-year and 11% quarter-over-quarter, recovering to 84% of Q2 2019 levels, exceeding Bloomberg consensus estimate of $347 million [1] - The company maintained stable operating cost control, leading to improved profit margins [1] Group 2: Management Insights - Management indicated that the strong trend observed in June 2025 continued into July 2025, with expectations for this trend to persist into Q3 2025, driven by record visitor numbers at Macau properties and strong performance in the premium mass segment [1] - The company plans to close the Junket Room and three Mocha Clubs by the end of 2025, with an impairment loss of approximately $56 million recognized in Q2 2025 [1] - Management is optimistic about the benefits from the closure of competitor satellite casinos and the company's own satellite properties [1] - Competitors are increasing reinvestment rates, but the company remains focused on enhancing its products to retain customers [1] - Enhanced information technology for smart gaming tables is expected to optimize customer rebate expenditures [1] - The "The House of Dancing Water" show is helping to attract visitors back to City of Dreams, positively impacting non-gaming revenue [1] - Despite the impact of the Israel-Iran conflict on City of Dreams Cyprus, summer hotel bookings have significantly increased [1] - City of Dreams Sri Lanka is set to open on August 1, 2025, primarily targeting Indian customers, with expectations for a longer ramp-up period due to its status as the first resort of its kind in South Asia [1] - City of Dreams Manila's performance remained stable in July 2025 [1] - The company repurchased approximately $120 million worth of shares at about $5 per ADS in April and May 2025 [1] Group 3: Earnings Forecast and Valuation - The company maintains its adjusted EBITDA forecasts for 2025 and 2026, with the current stock price corresponding to 7 times the 2025 estimated EV/adjusted EBITDA [2] - A neutral rating is maintained with a target price of $8.50, reflecting an 8 times 2025 estimated EV/adjusted EBITDA, indicating a 1% downside from the current stock price [2] - For Melco International Development, the adjusted EBITDA forecasts for 2025 and 2026 remain unchanged, with an upgraded target price of 14% to HKD 5.80, reflecting a 20% discount to net asset value and a 7% upside from the current stock price [2]

Group 1 - The core viewpoint of the news is that Melco Resorts & Entertainment (MLCO) has shown positive financial performance, with a significant increase in revenue and net profit, indicating potential growth opportunities for investors [1][3] - As of August 1, MLCO's stock opened at $8.87 per share, reflecting a 2.54% increase, with a total market capitalization of $3.463 billion [1] - Financial data reveals that for the period ending March 31, 2025, MLCO's total revenue reached $1.232 billion, representing a year-on-year growth of 10.78%, while the net profit attributable to shareholders was $32.532 million, marking a substantial increase of 114.45% [1] Group 2 - Melco Resorts & Entertainment operates integrated resort businesses in Asia and Europe, including Altira Macau and Studio City in Macau, and is the largest non-casino gaming machine operator in Macau through Mocha Clubs [2] - The company is also developing the Mediterranean Dream City in Cyprus, which is expected to become the largest integrated resort in Europe, and currently operates the first authorized casino in Cyprus along with four satellite casinos [2]

Core Insights - Melco Resorts reported revenue of $1.33 billion for Q2 2025, a 14.5% year-over-year increase, with an EPS of $0.23 compared to $0.06 a year ago, indicating strong financial performance [1] - The revenue exceeded the Zacks Consensus Estimate of $1.25 billion by 6.01%, and the EPS surpassed the consensus estimate of $0.09 by 155.56% [1] Financial Performance Metrics - Average Daily Rate for City of Dreams Manila was $164.00, slightly above the estimated $163.50 [4] - Revenue Per Available Room for City of Dreams Manila was $156.00, below the estimated $158.53 [4] - Occupancy Rate for City of Dreams Manila was 95%, lower than the average estimate of 97% [4] - Total segment operating revenues for Mocha and Other were $27.9 million, below the estimate of $28.77 million, representing a year-over-year decline of 9.1% [4] - Total segment operating revenues for Altira Macau were $28.3 million, exceeding the estimate of $27.72 million, but down 3.4% year-over-year [4] - Total segment operating revenues for City of Dreams were $710.5 million, surpassing the estimate of $672.72 million, reflecting a 23.3% year-over-year increase [4] - Total segment operating revenues for Studio City were $388.2 million, above the estimate of $372.61 million, marking a 10.2% year-over-year increase [4] - Total segment operating revenues for City of Dreams Manila were $98.5 million, slightly below the estimate of $98.89 million, with a year-over-year decline of 9.6% [4] - Total segment operating revenues for Cyprus Operations were $72.3 million, exceeding the estimate of $61.72 million, showing a 23.2% year-over-year increase [4] - Adjusted EBITDA for Mocha and Other was $5.21 million, below the average estimate of $6.21 million [4] - Adjusted EBITDA for Altira Macau was $0.84 million, significantly better than the estimated -$0.31 million [4] - Adjusted EBITDA for City of Dreams was $225.64 million, exceeding the estimate of $188.99 million [4] Stock Performance - Melco's shares returned +1.8% over the past month, compared to the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Melco Resorts (MLCO) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +155.56%. A quarter ago, it was expected that this casino company would post a loss of $0.01 per share when it actually produced earnings of $0.12, delivering a surprise of +1300%.Over the last four quarters, the com ...