Wynn Macau Remains Undervalued as Its Long-Term Growth Isn’t Priced In
Narrow-Moat Wynn Macau Limited remains undervalued as the market fears a weak economy and construction disruption at the group’s properties will put pressure on earnings in the near term. We believe this is a good opportunity for long-term investors to buy this quality name as we see long-term growth potential for the group--the new premium mass area in the peninsula launching at the end of this year and the two hotel towers with over 1,200 rooms in Cotai, which will begin construction in 2020. ...Wynn Macau is a holding company. Co. is a developer, owner and operator of destination casino gaming and entertainment resort facilities in Macau. Through its subsidiary, Wynn Resorts (Macau) S.A., Co. owns and operates the destination hotel and casino resort Wynn Macau in Macau. In addition, Co. is engaged in the development, design and preconstruction activities.
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