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Macau Legend Development
(OTC: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 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 771.47M | 901.64M | 711.61M | 1.14B | 700.73M |
| Gross Profit | 95.69M | 160.29M | -335.36M | -371.25M | -467.98M |
| EBITDA | 161.25M | 175.59M | -218.32M | -550.46M | -1.23B |
| Net Income | -622.63M | -4.92M | -607.21M | -1.19B | -1.96B |
Balance Sheet | |||||
| Total Assets | 5.88B | 6.86B | 7.15B | 7.97B | 8.69B |
| Cash, Cash Equivalents and Short-Term Investments | 68.94M | 64.91M | 87.34M | 132.60M | 125.26M |
| Total Debt | 2.49B | 2.66B | 2.66B | 2.52B | 2.08B |
| Total Liabilities | 2.84B | 3.16B | 3.44B | 3.66B | 3.17B |
| Stockholders Equity | 3.04B | 3.71B | 3.71B | 4.31B | 5.52B |
Cash Flow | |||||
| Free Cash Flow | 156.70M | 166.21M | -284.97M | -397.53M | -717.09M |
| Operating Cash Flow | 171.45M | 182.54M | -242.58M | -344.40M | -440.38M |
| Investing Cash Flow | 150.55M | -32.86M | 159.99M | -39.77M | -856.94M |
| Financing Cash Flow | -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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $162.45B | 18.55 | 11.92% | 2.69% | 17.34% | 28.21% | |
73 Outperform | $30.44B | 9.45 | 6.27% | 16.27% | 172.71% | ||
73 Outperform | $142.77B | 17.51 | 203.51% | 11.90% | 6.04% | 50.60% | |
62 Neutral | $16.85B | 11.50 | -7.38% | 2.96% | 1.59% | -23.36% | |
45 Neutral | $18.96B | 6,600.00 | 0.03% | ― | 31.24% | ― | |
41 Neutral | HK$508.50M | ― | -20.68% | ― | -14.44% | -14025.00% | |
34 Underperform | $10.94B | ― | -220.97% | ― | 23.05% | 55.01% |
Macau Legend Development Corporate Events
Macau Legend Development Limited has issued a supplemental announcement to its annual report for 2024, addressing concerns about its ability to continue as a going concern. Despite uncertainties related to significant bank borrowings and shareholder loans, the company’s audit committee supports the management’s decision to prepare financial statements on a going concern basis, citing operational stability and improving financial performance. The company has taken steps to restructure its bank borrowings, including deferring loan repayments and negotiating facility restructuring arrangements, to address liquidity issues and ensure continued operations.
Macau Legend Development Limited has announced a proposed share consolidation, where every ten existing shares will be consolidated into one consolidated share, reducing the total number of shares from over 6 billion to approximately 620 million. Additionally, the company plans to change the board lot size for trading on the Stock Exchange from 1,000 existing shares to 4,000 consolidated shares, contingent on the share consolidation’s approval. This move is not expected to affect the company’s financial position or shareholder rights, but shareholders and potential investors are advised to exercise caution.
Macau Legend Development Limited issued a clarification announcement regarding a typographical error in the Chinese version of their recent AGM poll results announcement. The correction pertains to an ordinary resolution passed during the meeting, ensuring the accuracy of the company’s official communications.
Macau Legend Development Limited announced the successful passing of all resolutions at its Annual General Meeting held on June 13, 2025. The meeting saw the retirement of Ms. Chan Mei Yi and Mr. Wang Hongxin from their director roles, with Ms. Lam Shu Yan and Ms. Ma Cheuk Ling elected as new directors. Ms. Ma was also appointed as the chairman of the Remuneration Committee and a member of the Audit and Nomination Committees. These changes in the board composition are expected to bring new perspectives to the company’s strategic direction.
Macau Legend Development Limited has announced a new composition of its board of directors, effective from June 13, 2025. The board includes executive, non-executive, and independent non-executive directors, with Mr. Li Chu Kwan serving as the chairman and CEO. The company has also established three committees: Audit, Remuneration, and Nomination, each with designated members. This restructuring is likely to impact the company’s governance and strategic direction, potentially influencing its market position and stakeholder relations.
Macau Legend Development Limited announced the termination of its service agreement with SJM Resorts S.A., effective December 31, 2025. The decision is influenced by evolving regulatory changes in Macau’s gaming laws, which will impact casino operations on third-party premises. The company anticipates a reduction in gaming-related income and is shifting its strategy towards enhancing non-gaming revenue streams, such as hotel and convention services, to mitigate the impact.
Macau Legend Development Limited has announced its upcoming annual general meeting scheduled for June 13, 2025, at the Legend Palace Hotel in Macau. The meeting will address several key agenda items, including the re-election and election of directors, approval of financial statements, and authorization for share repurchase and issuance. These decisions are likely to impact the company’s governance and financial strategies, potentially influencing its market position and stakeholder relations.