Group 1 - The core viewpoint of the article highlights the significant stock price increase of Melco Resorts & Entertainment (MSC), which rose by 7.91% to $4.64 per share, with a total market capitalization of $978 million as of August 20 [1] - Financial data indicates that Melco Resorts reported total revenue of $352 million for the period ending June 30, 2025, reflecting a year-on-year growth of 12.87% [1] - The company experienced a net loss attributable to shareholders of $19.718 million, which represents a year-on-year improvement of 58.93% [1] Group 2 - Melco Resorts & Entertainment is described as a world-class gaming, retail, and entertainment resort located in Macau, featuring a highly differentiated non-gaming entertainment offering [1] - The resort includes unique attractions such as the world's first figure-eight Ferris wheel, a 4D Batman flight simulator, a high-end nightclub, and a live performance arena with 5,000 seats [1] - The company operates approximately 1,600 luxury hotel rooms, various dining options, and around 35,000 square meters of retail space [1]

美高梅中国(02282)发布公告，于2025年8月20日该公司注销500万股已购回股份。 ...

智通财经APP讯，美高梅中国(02282)发布公告，于2025年8月20日该公司注销500万股已购回股份。 ...

每经AI快讯，8月20日，永利澳门(01128.HK)在港交所发布中期业绩报告，上半年收入约136.3亿港元， 同比下降7.5%；净利润约2.31亿港元，同比下跌85.5%。 ...

娱乐场收益由截至2024年6月30日止6个月的120.9亿港元(占经营收益总额的82.1%)减少至截至2025年6月 30日止6个月的113.9亿港元(占经营收益总额的83.6%)，主要是由于我们的澳门业务的贵宾赌台收益占转 码数百分比及中场赌台收益下降所致。 中场赌台收益由截至2024年6月30日止6个月的113.7亿港元减少3.9%至截至2025年6月30日止6个月的 109.3亿港元，中场赌台投注总额由截至2024年6月30日止6个月的532.3亿港元减少1.8%至截至2025年6 月30日止6个月的522.6亿港元。 经营收益总额由截至2024年6月30日止6个月的147.3亿港元减少7.5%至截至2025年6月30日止6个月的 136.3亿港元，主要是由于贵宾赌台收益占转码数百分比及中场赌台收益下降，以及我们的澳门业务的 平均每日房租下降所致。 永利澳门(01128)发布截至2025年6月30日止6个月中期业绩，该集团取得娱乐场收益113.86亿港元，同比 减少5.82%;拥有人应占溢利2.31亿港元，同比减少85.52%;每股基本盈利0.04港元，拟派发中期股息每股 0.185港元。 ...

格隆汇8月20日丨永利澳门(01128.HK)发布公告，截至2025年6月30日止六个月，实现经营收益136.26亿 港元，同比减少7.5%；娱乐场收益为113.86亿港元，同比减少5.8%；经调整EBITDA为34.67亿港元，同 比减少20.4%；公司拥有人应占纯利2.31亿港元，同比减少85.5%；基本每股盈利0.04港元。于2025年8 月20日，董事会决议宣派截至2025年6月30日止六个月的中期股息每股股份0.185港元。中期股息预计将 于2025年9月17日派付。 ...

Company Research - China Hongqiao (1378, Buy): Integrated cost advantages are significant, with a large buyback reflecting confidence. The company achieved revenue of 81.039 billion RMB in H1 2025, a year-on-year increase of 10.1%[11] - NetEase (NTES.US/9999.HK, Buy): Deferred revenue grew by 25% year-on-year, driven by updates in both new and existing game content[14] - Xtep International (1368, Buy): H1 2025 profit increased by 21.5%, with professional sports business maintaining rapid growth[21] Financial Performance - China Hongqiao's gross profit margin improved by 0.6 percentage points to 25.2%, benefiting from energy structure optimization and low-carbon technology[6] - NetEase's GAAP net profit reached 8.6 billion RMB, a year-on-year increase of 27.3%[14] - Xtep's revenue grew by 7.1% to 6.84 billion RMB, with the professional sports segment increasing by 32.5%[21] Market Outlook - The global electrolytic aluminum market is in a tight balance, with prices expected to remain between 20,600-21,300 RMB/ton in H2 2025[7] - China Hongqiao's target price is set at 29.0 HKD, indicating a potential upside of 24% from the current price[9] - Xtep's target price is 7.36 HKD, reflecting a 19.8% upside potential[25]

Core Viewpoint - Wynn Macau's stock has increased nearly 5%, currently trading at 6.66 HKD, with a trading volume of 175 million HKD, following the announcement of a board meeting to discuss mid-term results [1] Group 1: Company Performance - Wynn Macau plans to hold a board meeting on August 20 to consider and approve the mid-term results for the six months ending June 30, 2025 [1] - Morgan Stanley has raised its target price for Wynn Macau from 7.1 HKD to 7.8 HKD, citing a reduction in estimated non-gaming capital expenditures for 2026 [1] - The expected annual non-gaming capital expenditure is now projected to be 1.8 billion HKD [1] Group 2: Market Outlook - Morgan Stanley upgraded Wynn Macau's rating to "Overweight" due to anticipated market share growth in the third quarter driven by high-end mass gaming [1] - The recent decline in the company's stock price has made short-term valuations more attractive, with expectations that the stock will outperform the market in the next 60 days [1]

Group 1 - Morgan Stanley believes that there is over an 80% probability that the stock price of Wynn Macau (01128) will rise within the next 60 days [1] - Despite weak performance in the second quarter, the company is expected to see improvement in the third quarter [1] - The company is projected to pay a dividend of HKD 0.185 for the first half of the year, which is higher than market expectations and implies a dividend yield of 6% [1] Group 2 - The company's dividend is noted to be higher than its peers and its valuation is considered low, suggesting potential for recovery [1]

Core Viewpoint - Wynn Macau (01128) shares increased nearly 5%, currently up 4.72% at HKD 6.66, with a trading volume of HKD 175 million [1] Group 1: Company Performance - Wynn Macau announced a board meeting scheduled for August 20 to consider and approve the interim results for the six months ending June 30, 2025 [1] - Morgan Stanley raised the target price for Wynn Macau from HKD 7.1 to HKD 7.8, citing a reduction in estimated non-gaming capital expenditures for 2026 [1] - The expected annual non-gaming capital expenditure is now HKD 1.8 billion [1] Group 2: Market Outlook - The rating for Wynn Macau has been upgraded to "Overweight" due to anticipated market share growth in the third quarter driven by high-end mass gaming operations [1] - The recent decline in the company's stock price has made short-term valuations more attractive, with expectations that the stock will outperform the market in the next 60 days [1]