[ET Net News Agency, 2 May 2018] Citi Research lifted its target price for Macau Legend
(01680) to HK$1.5 from HK$1.05, and upgraded its rating to "buy" from "sell" given the
growth prospects of the company's overseas opportunities with its strategy to focus on
Southeast Asian destinations and Portuguese-speaking countries where new investment in
tourism and related infrastructure is supported by China's "One-Belt, One-Road"
initiative.
The research house said the sale of Landmark for HK$4.6bn was completed on 27 April,
which revitalizes the balance sheet. Citi now expects the continuous ramp at Savan Legend
in Laos and the completion of the casino project in Cape Verde to drive an EBITDA CAGR
of 40% in 2018-20. (KL)
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01680 MACAU LEGEND
Nominal 
0.090 +0.003 (+3.448%) Others
02/05/2018 14:27
[I-bank focus]Citi upgrades Macau Legend (01680) to HK$1.5
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