HK Stock Market Move | WYNN MACAU(01128) increased by over 3% with year-end dividends higher than market expectations, reflecting management's confidence in the sustainability of demand and leverage.

WYNN MACAU (01128) rose more than 3%, closing at an increase of 3.35% at 5.55 Hong Kong dollars, with a turnover of 114.219 million Hong Kong dollars. On the news front, WYNN MACAU recently released its full-year performance for the fiscal year ending December 31, 2025. The revenue from entertainment venues was 24.418 billion Hong Kong dollars, a year-on-year increase of 3.39%; the attributable net profit to owners was 1.63 billion Hong Kong dollars, a year-on-year decrease of 49.05%; basic earnings per share were 0.31 Hong Kong dollars; and final dividend was 0.223 Hong Kong dollars. UBS issued a research report stating that WYNN MACAU announced a final dividend of 0.223 Hong Kong dollars for the fiscal year ending 2025, higher than market expectations of 0.185 Hong Kong dollars. The final dividend for the fiscal year ending 2025 increased compared to the mid-year and end-year dividends for the fiscal year 2024, reaching 0.408 Hong Kong dollars per share for the entire year, which indicates an attractive dividend yield of about 7.7%, the highest in the industry. The dividend payout ratio is around 131% (compared to 42% for the fiscal year 2024), accounting for 65-75% of the fiscal year 2025 free cash flow. The bank expects the stock price to respond positively to this significant dividend increase, reflecting management's confidence in the sustainability of demand and leverage.