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An announcement from Macau Legend Development ( (HK:1680) ) is now available.
Macau Legend Development has warned that it expects to post a sharply wider net loss of about HK$1.566 billion for 2025, compared with a loss of roughly HK$623 million a year earlier. Management said the deterioration stems mainly from a substantial impairment charge on properties and right-of-use assets at Macau Fisherman’s Wharf after the early termination and expected non-renewal of its service agreement with SJM Resorts.
The company also booked a provision of around HK$71 million for staff compensation and long-service payments linked to the contract termination, further weighing on results. The unaudited figures highlight the financial hit from losing the SJM Resorts arrangement, underscoring increased operational and earnings risk for shareholders as the group reassesses the value and future use of key Macau assets ahead of its formal 2025 results release.
The most recent analyst rating on (HK:1680) stock is a Sell with a HK$0.25 price target. To see the full list of analyst forecasts on Macau Legend Development stock, see the HK:1680 Stock Forecast page.
More about Macau Legend Development
Macau Legend Development Limited is a Hong Kong-listed gaming and tourism operator with assets in Macau, including the Macau Fisherman’s Wharf complex. The group’s activities span casino-related services, hospitality and entertainment, with revenues historically tied to service agreements with licensed gaming operators such as SJM Resorts.
Average Trading Volume: 650,797
Technical Sentiment Signal: Sell
Current Market Cap: HK$216.7M
See more data about 1680 stock on TipRanks’ Stock Analysis page.