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HSBC lifts Wynn Macau (01128) to HK$37.5
HSBC Global Research lifted its target price for
Wynn Macau (01128) to HK$37.5 from HK$27.3, and maintained its "buy" rating.
  The research house said Wynn's 4Q 2017 property EBITDA came in at USD376m, +17% q-q or
+66% y-y, 4% ahead of HSBC's estimates. By property, the positive surprise stemmed from
outperformance at Wynn Palace (WP).
  In light of better-than-expected 4Q 2017 results and higher expected FY2018/19 industry
growth in mass (from 14%/12% to 18%/16%, respectively), HSBC raised its FY2018-19 EBITDA 
estimates by 1%-6%. 

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