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Macau Legend Development
(1680)
Macau Legend Development (1680) vs. iShares MSCI Hong Kong ETF (EWH)
Macau Legend Development Business Overview & Revenue Model
Macau Legend Development Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 549.19M | 771.47M | 901.64M | 711.61M | 1.14B | 700.73M |
| Gross Profit | 1.17M | 95.69M | 160.29M | -335.36M | -371.25M | -467.98M |
| EBITDA | 125.94M | -224.14M | 90.57M | -218.32M | -550.46M | -1.23B |
| Net Income | -1.93B | -622.63M | -4.92M | -607.21M | -1.19B | -1.96B |
Balance Sheet | ||||||
| Total Assets | 4.44B | 5.88B | 6.86B | 7.15B | 7.97B | 8.69B |
| Cash, Cash Equivalents and Short-Term Investments | 41.22M | 68.94M | 64.91M | 89.01M | 134.27M | 125.26M |
| Total Debt | 2.49B | 2.49B | 2.66B | 2.66B | 2.52B | 2.08B |
| Total Liabilities | 2.83B | 2.84B | 3.16B | 3.44B | 3.66B | 3.17B |
| Stockholders Equity | 1.62B | 3.04B | 3.71B | 3.71B | 4.31B | 5.52B |
Cash Flow | ||||||
| Free Cash Flow | -1.29M | 156.70M | 166.21M | -284.97M | -397.53M | -717.09M |
| Operating Cash Flow | 3.94M | 171.45M | 182.54M | -242.58M | -344.40M | -440.38M |
| Investing Cash Flow | -6.19M | 150.55M | -32.86M | 159.99M | -39.77M | -856.94M |
| Financing Cash Flow | -9.23M | -330.42M | -173.86M | 33.62M | 372.64M | -140.19M |
Macau Legend Development Technical Analysis
Macau Legend Development Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$161.69B | 15.71 | 13.12% | 3.06% | 4.94% | 15.38% | |
72 Outperform | HK$137.18B | 22.71 | 111.35% | 2.39% | -3.13% | -13.65% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$29.39B | 33.88 | ― | 5.92% | -4.41% | -31.45% | |
46 Neutral | HK$230.68M | -0.09 | -75.45% | ― | -37.01% | -18861.22% | |
45 Neutral | HK$8.67B | 5.80 | -28.54% | ― | 13.18% | 86.18% | |
40 Neutral | $15.84B | -39.90 | -3.15% | ― | 12.29% | 98.20% |
Macau Legend Development Corporate Events
Macau Legend Development Limited has completed a fully underwritten rights issue of one rights share for every two existing shares, which became unconditional on 16 January 2026. Out of 310,059,356 rights shares offered, shareholders and applicants validly subscribed for 153,443,202 shares, representing about 49.49% of the offer, including all excess applications, while the remaining 156,616,154 under‑subscribed rights shares, or approximately 50.51% of the offer, were taken up by co‑underwriters East Asia Securities and Platinum Broking. Following completion, the co‑underwriters and their sub‑underwriters or procured subscribers will collectively hold about 16.84% of the enlarged share capital, and the company expects to raise gross proceeds of around HK$93.0 million, with estimated net proceeds of HK$86.4 million to be deployed in line with its stated use-of-proceeds plan, bolstering its capital position and funding needs.
The most recent analyst rating on (HK:1680) stock is a Sell with a HK$0.33 price target. To see the full list of analyst forecasts on Macau Legend Development stock, see the HK:1680 Stock Forecast page.
Macau Legend Development Limited has disclosed that the Cape Verde government has taken possession of the group’s investment project assets in Cidade da Praia Bay after the company declined a request for a voluntary handover, arguing the move had no legitimate basis. The board, which is seeking legal advice, emphasized that the assets had already been fully impaired to a carrying value of zero in its 2024 accounts, and therefore the seizure is not expected to have a material adverse impact on the group’s operations or financial performance, though the episode underscores continuing uncertainties surrounding its overseas investment strategy and regulatory relations in Cape Verde.
The most recent analyst rating on (HK:1680) stock is a Sell with a HK$0.34 price target. To see the full list of analyst forecasts on Macau Legend Development stock, see the HK:1680 Stock Forecast page.
Macau Legend Development Limited announced that the tenure of independent non-executive director (INED) Mr. Lau Ngai Kee, Ricky will expire on 28 December 2025, and he has chosen not to renew his appointment, stepping down simultaneously as chairman of the audit committee and as a member of the remuneration and nomination committees. His departure leaves the company with only two INEDs, putting its board and key committees temporarily out of compliance with Hong Kong listing rules on minimum numbers and proportions of independent directors and on committee composition; the board has pledged to identify suitable candidates and restore compliance within three months, with further announcements to follow, signalling a near-term governance and regulatory priority for the company and its stakeholders.
The most recent analyst rating on (HK:1680) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Macau Legend Development stock, see the HK:1680 Stock Forecast page.
Macau Legend Development Limited has announced an updated composition of its board of directors effective 28 December 2025, confirming Li Chu Kwan as chairman and chief executive officer and Lam Shu Yan as chief financial officer among its executive directors, alongside a slate of non-executive and independent non-executive directors. The company has also formalised the membership of its audit, remuneration, and nomination committees, which clarifies governance responsibilities and is likely intended to strengthen oversight, board independence, and compliance with Hong Kong listing requirements, providing greater transparency and structure for shareholders and other stakeholders.
The most recent analyst rating on (HK:1680) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Macau Legend Development stock, see the HK:1680 Stock Forecast page.
Macau Legend Development Limited has confirmed that its previously approved capital reorganisation, including a capital reduction and corresponding share restructuring, will take effect on 29 December 2025 after all regulatory and shareholder conditions were satisfied. Trading in the company’s new shares will commence the same day in Hong Kong, marking a key step in its balance-sheet and capital structure adjustment that may influence share liquidity, pricing dynamics and investor perception of the group’s long-term financial positioning.
The most recent analyst rating on (HK:1680) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Macau Legend Development stock, see the HK:1680 Stock Forecast page.
Macau Legend Development has completed a change of domicile from the Cayman Islands to Bermuda, effective 19 December 2025, and has shifted its registered office and principal share registrar to Hamilton, Bermuda, while retaining its Hong Kong branch share registrar. Concurrently, the company has brought into effect a new memorandum of continuance and new bye-laws approved by shareholders, cancelled its share premium account by transferring the balance into a contributed surplus account under Bermuda law, and set in motion a capital reorganisation effective 29 December 2025 that will reduce the par value of issued shares, sub-divide unissued shares, and use the resulting surplus to offset accumulated losses, moves that collectively aim to streamline its capital structure and potentially strengthen its financial position.
The most recent analyst rating on (HK:1680) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Macau Legend Development stock, see the HK:1680 Stock Forecast page.
Macau Legend Development Limited announced that all special resolutions proposed at their Extraordinary General Meeting on December 2, 2025, were passed. These resolutions included changes to the company’s domicile, adoption of new governance documents, cancellation of the share premium account, and a capital reorganization. The successful passing of these resolutions is expected to streamline the company’s operations and improve its financial structure, potentially enhancing its competitive position in the market.
The most recent analyst rating on (HK:1680) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Macau Legend Development stock, see the HK:1680 Stock Forecast page.
Macau Legend Development Limited announced a change of auditor from Ernst & Young to Baker Tilly Hong Kong Limited due to disagreements over audit fees for the financial year ending December 2025. The company believes this change aligns with its cost-control objectives and will not impact the annual audit. Baker Tilly was chosen for its experience, independence, and competitive fees, ensuring continued audit quality and serving the interests of the company and its shareholders.
The most recent analyst rating on (HK:1680) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Macau Legend Development stock, see the HK:1680 Stock Forecast page.
Macau Legend Development Limited announced a change in the address of its registered office and principal share registrar and transfer office in the Cayman Islands, effective from November 20, 2025. This move is part of the company’s administrative adjustments and does not affect its operations in Hong Kong, where its branch share registrar and transfer office remains unchanged.
The most recent analyst rating on (HK:1680) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Macau Legend Development stock, see the HK:1680 Stock Forecast page.
Macau Legend Development Limited has announced an extraordinary general meeting to discuss and approve several key resolutions, including changing its domicile from the Cayman Islands to Bermuda. This strategic move aims to enhance corporate governance and operational flexibility. Additionally, the company plans to reduce its share capital, which could potentially impact shareholder value and market perception.
The most recent analyst rating on (HK:1680) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Macau Legend Development stock, see the HK:1680 Stock Forecast page.
Macau Legend Development Limited announced the early termination of its service agreement with SJM Resorts S.A., effective from November 13, 2025. This decision will lead to the discontinuation of SJM’s operations at Casino Legend Palace in Macau, and the company will take necessary steps to ensure an orderly closure. This move may impact the company’s operations and stakeholders, urging caution among shareholders and potential investors.
The most recent analyst rating on (HK:1680) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Macau Legend Development stock, see the HK:1680 Stock Forecast page.
Macau Legend Development Limited has announced a series of strategic changes, including a proposed change of domicile from the Cayman Islands to Bermuda, adoption of new corporate governance documents, and a capital reorganization plan. These changes aim to streamline the company’s operations and financial structure, potentially enhancing its market position and operational efficiency, subject to shareholder approval at an upcoming extraordinary general meeting.
The most recent analyst rating on (HK:1680) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Macau Legend Development stock, see the HK:1680 Stock Forecast page.