In today’s briefing:
- Asia Gaming: Raising Recent Guidance on Melco Resorts as Catalysts Begin to Move Market Sentiment
Asia Gaming: Raising Recent Guidance on Melco Resorts as Catalysts Begin to Move Market Sentiment
- In last month’s insight, we noted that Melco was poised for an upside as it was among the most seriously undervalued stock in the sector.
- Despite continuing covid travel ban related losses in 3Q22 earnings release, we saw an upside coming in near term catalysts.
- Improving performance by 1Q23 will turn sentiment even stronger as the bull case materializes due to positives now poised in place.
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