There is though, a degree of compromise with Beijing’s offer. While the past month has shown positive momentum for these Macau names, it has been a pretty torrid year – so any bounce now is relative. Pre-pandemic, Sands China was priced at HK$44 Wynn Macau at HK$21 MGM China HK$17 and Melco International HK$22Īll four stocks are still signficantly lower than these pre-Covid price levels. On closer inspection you could argue that the stock prices, historically speaking, are not inflated at current levels. Given the high percentage increase is there an argument that the positive noises on licensing and potential easing of Covid restriction are now priced into the stocks? MGM China ( MGM China) - currently at HK$7.13 is up 98% over the month and Melco International Melco International ( MLCO)- currently HK$7.88 is up 72% over the month. Wynn Macau ( WYNN)- currently at HK$7.74 is up 121% over the month. Sands China ( Sands China) currently at HK$24 is up over 57% in the last month. Beijing announcing existing licences will be renewed and hopes of an end/easing in covid restrictions are seen as key reasons for the stock rises. Macau casino stocks have jumped since early November.
