Sou Hu Cai Jing·2025-08-26 08:45Company Overview - Melco International Development Limited is a Hong Kong investment holding company engaged in entertainment and property businesses, founded in 1910 and listed in 1927 [4] - Under the leadership of Chairman and CEO Lawrence Ho, the company has rapidly become a leading player in the leisure and entertainment industry in Asia, focusing on innovative products and services to meet global customer demands [4] - The company holds one of the six gaming licenses in Macau and has strengthened its financial position through its subsidiary, Melco Resorts & Entertainment [4] Financial Performance - As of December 31, 2024, Melco International reported total revenue of 33.498 billion yuan, a year-on-year increase of 22.49% [2] - The net profit attributable to shareholders was -727 million yuan, reflecting a year-on-year growth of 55.01% [2] - The company's debt-to-asset ratio stands at 90.32% [2] Stock Performance - On August 26, the Hang Seng Index fell by 1.18%, closing at 25,524.92 points, while Melco International's stock price rose by 9.27% to 5.54 HKD per share, with a trading volume of 36.0767 million shares and a turnover of 196 million HKD [1] - Over the past month, Melco International has experienced a cumulative decline of 1.36%, but has achieved a year-to-date increase of 52.02%, outperforming the Hang Seng Index's rise of 28.76% [2] Valuation and Ratings - Dongwu Securities International Brokerage has given Melco International a "Buy" rating with a target price of 6.6 HKD [3] - The average price-to-earnings (P/E) ratio for the tourism and leisure facilities industry is 59.71 times, while Melco International's P/E ratio is -14.7 times, ranking 70th in the industry [3]