Melco Int'l Dev (00200) rose by over 4%, as of the time of publication, it increased by 4.11%, reaching 5.32 Hong Kong dollars, with a turnover of 20.1749 million Hong Kong dollars.
According to the Wise Wealth APP, Melco Int'l Dev (00200) rose by over 4%, as of the time of publication, it increased by 4.11%, reaching 5.32 Hong Kong dollars, with a turnover of 20.1749 million Hong Kong dollars.
On the news front, Citigroup released research reports stating that the US-listed affiliate of Melco Int'l Dev, Melco Resorts & Entertainment, slightly exceeded expectations in the third quarter performance. In addition, the group's subsidiary Melco Resorts & Entertainment is considering resuming dividends in the second half of 2025, providing attractive entry opportunities for investors due to the current low valuation. The bank maintains a 'buy' rating for Melco Int'l Dev, with a target price of 6.3 Hong Kong dollars.
Lawrence Ho, Chairman and CEO of Melco, stated that the management adjustments and efforts made over the past few quarters have started to show results. Many new attractions enhancing convenience were launched in late September, and personally, I believe the Group will continue to benefit from this in this quarter and the coming quarters, as the Group gains from continuous re-investment in properties, businesses, and services.