Macau Legend Development (HK:1680)
:1680
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Macau Legend Development
(1680)
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Rating:40Underperform
Price Target:
HK$0.12
▼(-68.46% Downside)
Action:Downgraded
Date:06/25/26
The score is driven primarily by weak financial performance: steep 2025 revenue decline, worsening profitability with large losses, and rising leverage from shrinking equity. Technical indicators also point to a sustained downtrend (price below key moving averages and negative MACD). Valuation provides limited support because the negative P/E reflects ongoing losses and no dividend yield is available.
Positive Factors
Diversified resort revenue streams
Macau Legend's integrated-resort model generates revenue from gaming, hotels, F&B, retail and attractions. This diversification reduces dependence on any single income source, supports cross-selling and demand elasticity, and helps stabilize cash flow as Macau tourism trends recover.
Negative Factors
Sharp revenue and margin deterioration
A ~34.7% revenue decline and a return to negative gross margin in 2025 signal deep demand loss and worsening unit economics. Sustained top‑line weakness and margin compression materially impair profitability and require meaningful volume recovery or cost restructuring to restore long-term viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified resort revenue streams
Macau Legend's integrated-resort model generates revenue from gaming, hotels, F&B, retail and attractions. This diversification reduces dependence on any single income source, supports cross-selling and demand elasticity, and helps stabilize cash flow as Macau tourism trends recover.
Read all positive factors
Macau Legend Development (1680) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$102.32M
Dividend YieldN/A
Average Volume (3M)96.88K
Price to Earnings (P/E)―
Beta (1Y)0.99
Revenue Growth-53.51%
EPS Growth-126.05%
CountryHK
Employees716
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-2.44
Shares Outstanding930,178,040
10 Day Avg. Volume50,430
30 Day Avg. Volume96,883
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.14
Price to Sales (P/S)0.56
P/FCF Ratio-20.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Macau Legend Development Business Overview & Revenue Model
Company Description
Macau Legend Development Limited, an investment holding company, operates entertainment and casino gaming services in Macau. The company operates through Gaming and Non-Gaming segments. Its properties include Macau Fisherman’s Wharf, a waterfront ...
How the Company Makes Money
Macau Legend makes money mainly by operating leisure and hospitality facilities within its Macau properties. Its key revenue streams are: (1) Gaming/casino income: revenue derived from casino operations conducted at its properties (e.g., earnings ...
Macau Legend Development Financial Statement Overview
Summary
Income Statement
14
Very Negative
Balance Sheet
33
Negative
Cash Flow
38
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 358.62M | 771.47M | 901.64M | 711.61M | 1.14B |
| Gross Profit | -66.76M | 95.69M | 160.29M | -335.36M | -371.25M |
| EBITDA | 36.52M | -224.14M | 90.57M | -218.32M | -550.46M |
| Net Income | -1.57B | -622.63M | -4.92M | -607.21M | -1.19B |
Balance Sheet | |||||
| Total Assets | 4.43B | 5.88B | 6.86B | 7.15B | 7.97B |
| Cash, Cash Equivalents and Short-Term Investments | 28.76M | 68.94M | 64.91M | 89.01M | 134.27M |
| Total Debt | 2.49B | 2.49B | 2.66B | 2.66B | 2.52B |
| Total Liabilities | 2.96B | 2.84B | 3.16B | 3.44B | 3.66B |
| Stockholders Equity | 1.47B | 3.04B | 3.71B | 3.71B | 4.31B |
Cash Flow | |||||
| Free Cash Flow | -9.75M | 156.70M | 166.21M | -284.97M | -397.53M |
| Operating Cash Flow | 34.25M | 171.45M | 182.54M | -242.58M | -344.40M |
| Investing Cash Flow | -43.28M | 150.55M | -32.86M | 159.99M | -39.77M |
| Financing Cash Flow | -15.08M | -330.42M | -173.86M | 33.62M | 372.64M |
Macau Legend Development Technical Analysis
Negative
0.39
Price Trends
0.17
Negative
0.21
Negative
0.30
Negative
Market Momentum
-0.01
Positive
26.92
Positive
1.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1680, the sentiment is Negative. The current price of 0.39 is above the 20-day moving average (MA) of 0.15, above the 50-day MA of 0.17, and above the 200-day MA of 0.30, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 26.92 is Positive, neither overbought nor oversold. The STOCH value of 1.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1680.
Macau Legend Development Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$127.81B | 11.97 | 13.12% | 3.06% | 9.63% | 21.77% | |
63 Neutral | HK$37.66B | 7.40 | 194.66% | 5.73% | 10.97% | 10.35% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$26.22B | 15.85 | -11.87% | 5.92% | -1.98% | -49.13% | |
52 Neutral | HK$104.40B | 14.86 | 71.09% | 2.39% | 4.17% | -14.33% | |
43 Neutral | HK$10.30B | -23.97 | -3.22% | ― | -3.01% | -15200.00% | |
40 Underperform | HK$102.32M | -0.05 | -75.45% | ― | -53.51% | -126.05% |
* Consumer Cyclical Sector Average
HK:1680
Macau Legend Development
0.11
-0.66
-85.68%
HK:0880
SJM Holdings
1.45
-1.08
-42.69%
HK:2282
MGM China Holdings
9.91
-2.30
-18.84%
HK:0027
Galaxy Entertainment Group
29.20
-4.22
-12.62%
HK:1928
Sands China
12.90
-2.73
-17.46%
HK:1128
Wynn Macau
4.98
-0.09
-1.79%
Macau Legend Development Corporate Events
Macau Legend says China Water winding up has no impact on its operations
Jun 22, 2026
Macau Legend Development has updated shareholders on a change in the disclosed information of independent non-executive director Patrick Mak, after a Hong Kong court ordered the winding up of China Water Industry Group, where he also serves as an ...
Macau Legend Wins Unanimous Shareholder Backing at 2026 AGM
Jun 12, 2026
Macau Legend Development Limited said all resolutions at its 12 June 2026 annual general meeting were passed by poll, including the receipt of its 2025 audited financial statements and the re-election of executive and non-executive directors. Shar...
Macau Legend switches auditor to Baker Tilly in cost-driven shake-up
May 20, 2026
Macau Legend Development has clarified that its former auditor EY resigned after the company sought a lower audit fee as part of cost-control efforts and obtained more competitive proposals from other firms. The board regards EY’s departure ...
Macau Legend Sets 2026 AGM to Approve Results, Board Changes and Share Mandates
Apr 29, 2026
Macau Legend Development has convened its annual general meeting for 12 June 2026 in Macau, where shareholders will review the audited consolidated financial statements and directors’ and auditor’s reports for the year ended 31 Decembe...
Macau Legend Swings to Deeper Annual Loss on Heavy Impairment Charges
Apr 1, 2026
Macau Legend Development Limited reported a sharp deterioration in its 2025 results, with revenue from continuing operations slipping to HK$358.6 million from HK$378.3 million and a significantly wider net loss driven by heavy impairment charges. ...
Macau Legend Tightens Board Nomination Rules With New Committee Framework
Apr 1, 2026
Macau Legend Development has formalised detailed terms of reference for its Nomination Committee, setting out its mandate to identify, screen, and recommend board candidates, oversee board performance evaluations, and develop and monitor nominatio...
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.