Long-term tailwinds offset short-term volatility for Melco Resorts in Macau.
We maintain our fair value estimate for narrow-moat Melco Resorts, as we believe improvement in performance is on the way and there is no structural change in the group's long-term outlook. The most positive takeaway from the fourth-quarter result is that the group’s quarterly dividend policy has been revised from targeting a quarterly cash dividend of USD 0.03 per ordinary share (or USD 0.09 per ADS) to USD 0.045 per ordinary share (or USD 0.135 per ADS). We were disappointed to see a below 30%...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.