Macau Legend Development (HK:1680)
:1680
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Macau Legend Development
(1680)
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Rating:41Neutral
Price Target:
HK$0.15
▼(-61.03% Downside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by weak financial performance (sharp revenue decline, negative margins, large losses, and rising leverage). Technicals further weigh on the score as the stock is in a clear downtrend with bearish momentum, despite being oversold. Valuation provides limited offset because the negative P/E reflects ongoing losses and there is no dividend support.
Positive Factors
Operating cash flow resilience
Consistent positive operating cash flow across 2023–2025 shows the core business can still generate cash from operations despite accounting losses. That persistent cash generation provides a durable short-term liquidity buffer to service working capital and supports operational continuity while management pursues restructuring or recovery.
Negative Factors
Sharp revenue and margin deterioration
A steep revenue decline with a shift to negative gross margin indicates the business is not covering direct costs from core operations. This is a structural red flag: sustained margin weakness erodes pricing power and free cash generation, making recovery harder without cost restructuring or meaningful demand improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating cash flow resilience
Consistent positive operating cash flow across 2023–2025 shows the core business can still generate cash from operations despite accounting losses. That persistent cash generation provides a durable short-term liquidity buffer to service working capital and supports operational continuity while management pursues restructuring or recovery.
Read all positive factors
Macau Legend Development (1680) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$153.48M
Dividend YieldN/A
Average Volume (3M)96.88K
Price to Earnings (P/E)―
Beta (1Y)0.98
Revenue Growth-53.51%
EPS Growth-126.05%
CountryHK
Employees1,149
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 is a prominent player in the gaming and leisure industry in Macau. The company operates multiple integrated resorts, which include casinos, hotels, and various entertainment facilities. Macau Legend is known for it...
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
0.20
Negative
0.25
Negative
0.35
Negative
Market Momentum
-0.01
Positive
32.76
Neutral
30.39
Neutral
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 0.18, above the 50-day MA of 0.20, and above the 200-day MA of 0.35, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 32.76 is Neutral, neither overbought nor oversold. The STOCH value of 30.39 is Neutral, 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$145.06B | 7.71 | 13.12% | 3.06% | 9.63% | 21.77% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$39.41B | 4.66 | 194.66% | 5.73% | 10.97% | 10.35% | |
56 Neutral | HK$29.79B | 19.16 | -11.87% | 5.92% | -1.98% | -49.13% | |
52 Neutral | HK$123.42B | 22.74 | 71.16% | 2.39% | 4.17% | -14.33% | |
43 Neutral | HK$13.64B | -39.90 | -3.22% | ― | -3.01% | -15200.00% | |
41 Neutral | HK$153.48M | -0.13 | -75.45% | ― | -53.51% | -126.05% |
* Consumer Cyclical Sector Average
HK:1680
Macau Legend Development
0.17
-0.74
-81.71%
HK:0880
SJM Holdings
1.88
-0.37
-16.44%
HK:2282
MGM China Holdings
10.36
0.17
1.64%
HK:0027
Galaxy Entertainment Group
32.50
1.68
5.45%
HK:1928
Sands China
15.21
0.98
6.92%
HK:1128
Wynn Macau
5.55
0.54
10.89%
Macau Legend Development Corporate Events
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...
Macau Legend Flags Sharp 2025 Loss on Macau Asset Impairments After SJM Exit
Mar 24, 2026
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 substanti...
Macau Legend Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 19, 2026
Macau Legend Development Limited has scheduled a board meeting for 31 March 2026 to review and approve the consolidated annual results for the year ended 31 December 2025. The board will also consider whether to recommend a final dividend, a decis...
Macau Legend Adds Veteran Finance Executive as Independent Director and Audit Chair
Feb 27, 2026
Macau Legend Development has appointed Ms. Pong Joanne Chiu Yan as an independent non-executive director, effective 1 March 2026, and named her chairman of the audit committee and a member of both the remuneration and nomination committees. The mo...
Macau Legend Reshapes Board and Committees to Bolster Governance
Feb 27, 2026
Macau Legend Development Limited has announced an updated composition of its board of directors effective 1 March 2026, confirming Li Chu Kwan as chairman and chief executive officer and Lam Shu Yan as chief financial officer among its executive d...
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.