Shares of Macau-linked stocks are trading higher following China's stimulus announcement.
Portfolio Pulse from Benzinga Newsdesk
Macau-linked stocks are experiencing a rise in share prices following China's announcement of economic stimulus measures.
September 24, 2024 | 5:40 pm
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POSITIVE IMPACT
Las Vegas Sands (LVS) shares are trading higher due to China's economic stimulus, which is expected to boost Macau's economy and, consequently, LVS's operations there.
LVS has significant operations in Macau, and China's stimulus is likely to enhance economic activity in the region, positively impacting LVS's revenue.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
MGM Resorts International (MGM) sees a rise in stock price as China's stimulus is expected to positively impact its Macau operations.
MGM has a presence in Macau, and the economic stimulus from China is likely to increase tourism and spending, benefiting MGM's business.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Melco Resorts & Entertainment (MLCO) shares are up as China's stimulus measures are anticipated to enhance Macau's economic environment.
MLCO is heavily invested in Macau, and the stimulus is expected to drive economic growth in the region, benefiting MLCO's operations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Wynn Resorts (WYNN) stock is trading higher following China's stimulus announcement, which is expected to benefit its Macau operations.
WYNN has significant exposure to Macau, and the economic stimulus from China is likely to increase tourism and spending, positively impacting WYNN's revenue.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75