Morgan Stanley: Expects WYNN MACAU (01128) to outperform the market in the next 60 days.
Maintain the "Buy" rating, target price HKD 6.1.
Morgan Stanley released a research report stating that it expects WYNN MACAU (01128) to outperform the market index in the next 60 days. Morgan Stanley indicated that WYNN MACAU's second quarter property EBITDA surpassed market expectations by 6%, with an annualized company EBITDA of $1.042 billion for the first half of the year, equivalent to 103% of the market forecast for 2026. Considering the positive seasonal factors for WYNN MACAU in the second half of the year, there is room for upward adjustments in earnings. The firm believes the current valuation of the stock is attractive and reiterates its "Overweight" rating with a target price of HKD 6.1. The firm estimates the probability of the aforementioned stock price scenario occurring to be over 80%.
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