The Zhitong Finance App learned that Citi released a research report stating that it maintains the “buy” rating of Wynn Macau (01128). The operating trend last month was encouraging, and the target price was raised from HK$8.5 to HK$8.7. The company revealed strong results for the fourth quarter of last year. Among them, Wynn's revenue and EBITDA continued to grow, and more importantly, EBITDA profit margins expanded by 150 points quarterly.

The bank believes that the results of Sands China and Wynn Macau both show that Macau's revenue growth is sufficient to offset the increase in operating expenses, which means that they are not spending too much. Wynn Macau's management further revealed that the company's operating expenses are not expected to change significantly, indicating full confidence in its ability to manage costs. Management remains optimistic about Macau's business prospects.