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The latest update is out from Wynn Macau ( (HK:1128) ).
Wynn Macau has granted equity awards to 262 employees under its Employee Ownership Scheme, allowing them to subscribe for a total of 262,000 new shares, equivalent to about 0.005% of the company’s issued share capital, at no purchase price. The awards, which are not subject to performance targets, will vest in two equal tranches in 2029 and 2030 and are subject to clawback in cases such as resignation, misconduct or breach of policies, with no financial assistance provided for share purchases. The move, cleared as not involving directors, substantial shareholders or other connected persons, is intended to align employee and shareholder interests, support staff retention and motivation, and will be satisfied through new share issuance within the existing scheme mandate, leaving substantial capacity for further grants.
The most recent analyst rating on (HK:1128) stock is a Buy with a HK$9.00 price target. To see the full list of analyst forecasts on Wynn Macau stock, see the HK:1128 Stock Forecast page.
More about Wynn Macau
Wynn Macau, Limited is a Macau-based integrated resort and casino operator listed in Hong Kong, focusing on premium gaming, hospitality and entertainment services for local and international visitors. Through its subsidiaries, the group operates large-scale gaming facilities, hotels, retail and dining offerings aimed at the high-end and mass-market tourism segments in the Macau Special Administrative Region.
YTD Price Performance: 1.01%
Average Trading Volume: 8,892,567
Technical Sentiment Signal: Sell
Current Market Cap: HK$31.55B
For detailed information about 1128 stock, go to TipRanks’ Stock Analysis page.