Melco Resorts & Entertainment Ltd (MLCO) Launches First Integrated Resort Hospital in Macau

Core Insights - Melco Resorts & Entertainment Ltd is considered one of the most undervalued stocks in Hong Kong according to analysts [1] - The company has launched the world's first integrated resort hospital in Macau, in partnership with iRad, enhancing the city's medical tourism infrastructure [2] Company Developments - The newly launched hospital will feature advanced MRI and CT facilities, along with services in aesthetic medicine, longevity treatments, and medical concierge [2] - The initiative aims to attract both regional and international visitors, encouraging longer hotel stays and increased spending [2] - Lawrence Ho, Chairman & CEO, emphasized the alignment of this project with the SAR government's economic diversification strategy [2] Analyst Ratings - JP Morgan analyst DS Kim reiterated a Buy rating for Melco Resorts & Entertainment Ltd, while lowering the price target from $12 to $10.5 [3] - The company operates integrated resorts in Asia and Europe, offering a mix of gaming, luxury accommodations, and entertainment options [3]