Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

An inquisitive investment analyst with background in both finance and computing. Covering ECM research, biotech, market data analytics.

Asia Pac IPO & Placement Research, China biotech

Long 1128/Short WYNN: Macau Recovery and Expansion, Fundamental and Technical

Long WYNN/Short 1128: Time to Take Profit

Wynn's US operation undervalued, long the stub to ride structural tourist trend

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

<p>I initiated the idea of Long 1128/Short Wynn on March 4th ( <a href="https://www.smartkarma.com/insights/long-1128-short-wynn-macau-recovery-and-expansion-fundamental-and-technical" target="_blank" data-smartkarma-citation="insights:2927">Long 1128/Short WYNN: Macau Recovery and Expansion, Fundamental and Technical</a>  ). Currently trading at 16% in the money, I would start to take profit, main reasons being:</p><ul><li>Wynn Macau outperformed Wynn Resorts by 16% in the past one months. (see GR chart below) This is the cross border valuation gap that we were exploiting. </li></ul><figure class="editor-figure"><img src="https://static-prod.smartkarma.com/images/media/000/007/108/original/GR%20-%20WYNN%20Apr%2012%202016.JPG?1460450811" class="editor-image img-responsive" data-smartkarma-image-id="7108"></figure><p> </p><ul><li>
<a href="https://www.smartkarma.com/entities/473" target="_blank" data-smartkarma-citation="entities:473">Wynn Macau Ltd</a>  outperformed Sands China by 40% since its low in Feb 3rd (see GR chart below), which might have…</li></ul>

I initiated the idea of Long 1128/Short Wynn on March 4th ( Long 1128/Short WYNN: Macau Recovery and Expansion, Fundamental and Technical  ). Currently trading at 16% in the money, I would start to take profit, main reasons being:Wynn Macau outperformed Wynn Resorts by 16% in the past one months. (see GR chart below) This is the cross border valuation gap that we were exploiting.  
Wynn Macau Ltd  outperformed Sands China by 40% since its low in Feb 3rd (see GR chart below), which might have…

Long 1128/Short Wynn: Time to Take Profit