HK Stock Market Move | WYNN MACAU (01128) rises nearly 4% as Citigroup includes the company in its short-term upward catalyst observation list, bullish on increasing investments in the high-end and mid-range sectors.

WYNN MACAU (01128) rose nearly 4%, as of the time of writing, up 3.81% to HK$6.54, with a turnover of HK$30.222 million. Citigroup released a research report stating that they currently rate WYNN MACAU as a "buy" with a target price of HK$7.2, corresponding to an estimated EV/EBITDA multiple of about 7.3 times for 2026. Citigroup is optimistic about the increasing investment in the high-end mid-market segment, and although Wynn's market share has been declining since 2025, they believe the situation may change after the completion of the expansion project of the Wynn "Chairman's Club" VIP gaming area in the first quarter of next year. The report points out that Citigroup has included WYNN MACAU on a 30-day watchlist for upward catalysts, noting that while the market generally expects Macau gaming operators' EBITDA to grow by about 7% year-on-year in the third quarter of this year, the bank expects Wynn's EBITDA to increase by 17% during the same period. They believe that the potential outperformance of the market will positive price momentum around the time of Wynn's performance announcement early next month.