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Comments Seaport Research Partners thinks Q3 results for Macau casino stocks should not have many surprises due to what turned into a better-than-expected quarter. "We believe stocks have overcorrected since August, and the growth trends for Macau remain in place," analyst Vitaly Umansky said. The Quick Insights Seaport Research believes that Macau casino stocks are undervalued relative to their risk/reward positioning, as the market has overcorrected and growth trends remain despite ongoing Macau-specific and China macroeconomic risks. Galaxy Entertainment is favored due to the ramp-up of Galaxy Macau Phase 3, the upcoming Phase 4, a strong balance sheet, and its capacity to increase shareholder returns or invest further in capital projects, which positions it as a long-term winner. Melco could see stable market share, rising free cash flow, and deleveraging—potentially gaining from business sales—while Las Vegas Sands is expected to rebound share in Macau and enjoys strategic positions in Singapore and possible future Texas casinos. Recommended For You More Trending News
