Melco Resorts’ FVE Raised to $22 per Share on Strong VIP Volume
We have raised our fair value estimate for Melco Resorts to $22 per share from $20 as a result of better-than-expected third-quarter underlying performance, which was due to much better-than-expected VIP volumes, partially offset by increased competition putting pressure on hold rate. We think the shares are still overvalued. We will review our fair value estimate after a discussion with management regarding the redevelopment of Studio City.ÂMelco Resorts’ adjusted EBITDA was up 38% year over y...
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.