Citi raised the target price for Melco Int'l Dev (00200) to HKD8.4 from HKD8.2 and maintained the "buy" rating.
The research house said key downside risks that could impede the stock from reaching the target price include (1) operational (escalating labour costs); (2) execution (further delay in achieving market share projections); (3) Chinese government's policy towards Macao; (4) competitive threats from gaming facilities opening/closing in the rest of the region; and (5) ongoing impact of the Covid-19 pandemic on tourism and visitation.
【母親節限時優惠】 送價值$288維柏健30天逆轉肌齡(膠原蛋白+生物素) ► 火速行動