Crown Resorts (CWN AU): Setup, Australia Holds Firm Whilst Macau Continues to Slip
Poor conditions in Macau have hit the Crown Resorts share price by quite a large degree with the stock down 33% to $10.12 (from February highs of...
325 Views
Knock-on Impact from Macau Associate Leads to Fair Value Estimate Cut for Crown Resorts
We regard Crown Resorts as a unique company offering both a defensive earnings quality, and an attractive growth profile. Its two Australian...
273 Views
Downgrading FVEs of Macau Gaming Coverage; China Economy and Policies Extend Near-Term Uncertainty
During the past month, authorities have raided pawn shops in Macau that use illegal terminals, economic data in China has shown signs of weakening...
285 Views
Wynn's US operation undervalued, long the stub to ride structural tourist trend
Wynn's US operations are trading at their lowest valuation in 18 months. Meanwhile we have not seen material recovery in Macau. We would be setting...
432 Views