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Melco International (HK:0200)
:0200
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Melco International (0200) AI Stock Analysis

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HK:0200

Melco International

(0200)

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Underperform 36 (OpenAI - 4o)
Rating:36Underperform
Price Target:
HK$4.50
▼(-5.26% Downside)
Melco International's stock score is primarily impacted by its weak financial performance, characterized by high leverage and persistent losses. Technical analysis indicates bearish momentum, and valuation metrics are unfavorable due to a negative P/E ratio and lack of dividend yield. These factors collectively result in a low overall stock score.

Melco International (0200) vs. iShares MSCI Hong Kong ETF (EWH)

Melco International Business Overview & Revenue Model

Company DescriptionMelco International Development Limited is a leading investment holding company based in Hong Kong, primarily engaged in the development and operation of integrated resort facilities in Asia. The company operates through various segments, including gaming, hospitality, and entertainment, with a strong presence in the Macau market. Melco is known for its premium integrated resorts, offering luxury accommodations, gaming facilities, dining, and entertainment options, catering to both local and international tourists.
How the Company Makes MoneyMelco International generates revenue primarily through its gaming operations, which include casino gaming tables and slot machines located in its integrated resorts. The company earns significant income from the gaming segment, attracting high-end players and mass-market customers. Additionally, Melco benefits from its non-gaming revenue streams, which include hotel accommodations, food and beverage services, retail shopping, and entertainment offerings. The company's revenue model is bolstered by its focus on premium experiences that cater to affluent customers. Strategic partnerships with various entertainment providers and brands enhance its offerings, driving customer engagement and spend. Furthermore, Melco's investments in marketing and promotional activities help to attract a diverse clientele, contributing to its overall earnings.

Melco International Financial Statement Overview

Summary
Melco International faces considerable financial challenges, including high leverage, persistent losses, and unclear cash flow positions. While there have been improvements in gross margins and revenue growth, the overall financial health remains weak, with significant risks due to high debt levels and negative net income.
Income Statement
45
Neutral
Melco International has experienced significant volatility in its revenue and profitability over the years. Despite a revenue increase in 2024, the company has faced persistent losses, with a negative net profit margin of -2.17% in 2024. The gross profit margin improved to 78.33% in 2024 from 35% in 2023, indicating better operational efficiency. However, the net income remains negative, reflecting challenges in achieving profitability.
Balance Sheet
30
Negative
The company's balance sheet reflects high leverage with a debt-to-equity ratio of 1373.44 in 2024, up from 99.04 in 2023, indicating significant risk. The equity ratio is low at 0.05% in 2024, showing minimal equity cushion. Return on equity is negative, driven by continuous net losses, undermining shareholder value.
Cash Flow
25
Negative
Melco International's cash flow statements show no reported data for 2024, indicating potential issues in cash management or reporting. Previously, the company had a positive free cash flow in 2023, but the lack of clarity in 2024 raises concerns about sustainability and liquidity.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue38.37B36.17B17.87B6.73B9.08B7.57B
Gross Profit29.95B28.34B6.26B-3.24B-2.28B-4.24B
EBITDA8.80B7.12B5.19B-2.07B556.11M-3.71B
Net Income-180.57M-784.60M-1.74B-5.11B-3.81B-6.34B
Balance Sheet
Total Assets84.72B84.75B89.41B97.09B94.19B95.53B
Cash, Cash Equivalents and Short-Term Investments9.06B9.03B10.77B14.34B13.46B13.86B
Total Debt63.42B63.11B65.87B74.57B61.59B54.15B
Total Liabilities76.63B76.54B79.04B83.71B71.73B64.76B
Stockholders Equity974.67M45.93M665.00M1.79B6.86B10.76B
Cash Flow
Free Cash Flow3.19B6.37B6.69B-9.51B-7.15B-10.74B
Operating Cash Flow5.88B8.73B8.51B-5.19B-2.08B-7.19B
Investing Cash Flow-5.04B-2.22B-1.52B-4.11B-4.20B-366.19M
Financing Cash Flow-1.11B-8.10B-10.56B7.22B3.22B8.11B

Melco International Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price4.75
Price Trends
50DMA
5.30
Negative
100DMA
4.89
Negative
200DMA
3.96
Positive
Market Momentum
MACD
-0.23
Positive
RSI
41.29
Neutral
STOCH
29.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0200, the sentiment is Neutral. The current price of 4.75 is below the 20-day moving average (MA) of 5.21, below the 50-day MA of 5.30, and above the 200-day MA of 3.96, indicating a neutral trend. The MACD of -0.23 indicates Positive momentum. The RSI at 41.29 is Neutral, neither overbought nor oversold. The STOCH value of 29.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0200.

Melco International Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
$54.10B12.31452.88%6.19%5.59%-4.38%
65
Neutral
$164.60B17.3012.59%3.16%4.94%15.38%
65
Neutral
$34.59B17.925.52%-4.41%-31.45%
62
Neutral
$152.64B20.47111.35%2.60%-3.13%-13.65%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
40
Neutral
$20.17B8,425.00-0.13%12.29%98.20%
36
Underperform
$10.19B-28.54%13.18%86.18%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0200
Melco International
4.75
1.15
31.80%
HK:0880
SJM Holdings
2.95
0.24
8.86%
HK:2282
MGM China Holdings
14.82
4.72
46.79%
HK:0027
Galaxy Entertainment Group
38.02
4.83
14.55%
HK:1928
Sands China
19.23
-0.07
-0.36%
HK:1128
Wynn Macau
6.70
0.80
13.60%

Melco International Corporate Events

Melco International Announces New Hospital Agreement at Studio City
Sep 16, 2025

Melco International’s subsidiary, SCRS, has entered into an agreement with iRad to operate a private hospital specializing in imaging and diagnostic services at the Studio City integrated resort. This agreement, effective from January 2025, is set for an initial period until November 2034, with options for renewal. The transaction is classified as a continuing connected transaction under Hong Kong’s Listing Rules, requiring reporting and annual review but exempt from independent shareholder approval.

The most recent analyst rating on (HK:0200) stock is a Hold with a HK$6.70 price target. To see the full list of analyst forecasts on Melco International stock, see the HK:0200 Stock Forecast page.

Melco International Reports Strong Interim Financial Results
Aug 30, 2025

Melco International Development Limited is a Hong Kong-based investment holding company primarily engaged in the development, ownership, and operation of integrated resort facilities across Asia and Europe, with a notable presence in the gaming and hospitality sector.

Melco International Reports Strong Financial Turnaround in H1 2025
Aug 29, 2025

Melco International reported significant financial improvements for the first half of 2025, with net revenues increasing by 12.4% to HK$19.96 billion, driven by enhanced performance in gaming and non-gaming sectors. The company also turned a profit of HK$350.8 million, a notable recovery from the previous year’s loss, although no interim dividend was declared.

The most recent analyst rating on (HK:0200) stock is a Sell with a HK$4.50 price target. To see the full list of analyst forecasts on Melco International stock, see the HK:0200 Stock Forecast page.

Melco International Schedules Board Meeting to Approve Interim Results
Aug 18, 2025

Melco International Development Limited has announced a board meeting scheduled for August 29, 2025, to approve the interim results for the first half of the year ending June 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (HK:0200) stock is a Buy with a HK$5.20 price target. To see the full list of analyst forecasts on Melco International stock, see the HK:0200 Stock Forecast page.

Melco Reports Strong Q2 2025 Revenue Growth Amid Strategic Initiatives
Jul 31, 2025

Melco Resorts & Entertainment Limited reported a 15% increase in total operating revenues for the second quarter of 2025, reaching US$1.33 billion, driven by improved performance in gaming and non-gaming operations. Despite a slight decrease in net income, the company saw a significant rise in Adjusted Property EBITDA and achieved record revenues in mass market table games at City of Dreams Macau and Studio City. Strategic initiatives have strengthened Melco’s foundation for continued growth, with positive results in Cyprus and ongoing efforts to enhance performance in the competitive Philippine market.

The most recent analyst rating on (HK:0200) stock is a Sell with a HK$3.00 price target. To see the full list of analyst forecasts on Melco International stock, see the HK:0200 Stock Forecast page.

Melco Resorts Sees Revenue Growth Amid Strategic Changes
Jul 31, 2025

Melco Resorts & Entertainment Limited reported a 15% increase in total operating revenues for the second quarter of 2025, reaching US$1.33 billion, driven by improved gaming and non-gaming operations. Despite this growth, net income attributable to Melco Resorts decreased to US$17.2 million from US$21.4 million in the previous year. The company plans to cease operations at the Grand Dragon Casino and three Mocha Clubs by the end of 2025, which led to a US$55.6 million impairment in goodwill. Melco Resorts maintains a strong financial position with US$1.24 billion in cash and bank balances and a total debt of US$7.16 billion.

The most recent analyst rating on (HK:0200) stock is a Buy with a HK$5.20 price target. To see the full list of analyst forecasts on Melco International stock, see the HK:0200 Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 15, 2025