Macau Legend Development (HK:1680)
:1680
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Macau Legend Development
(1680)
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Rating:46Neutral
Price Target:
HK$0.28
▼(-28.46% Downside)
Action:UpgradedDate:01/29/26
The score is primarily held back by weak financial performance, especially the lack of operating/free cash flow and ongoing profitability challenges. Technicals also remain bearish with the price below major moving averages and negative MACD, despite oversold readings. Valuation provides limited support because the company is loss-making and no dividend yield is available.
Positive Factors
Integrated-resort, diversified revenue streams
Operating integrated resorts with casinos, hotels, F&B, retail and entertainment creates diversified revenue streams and cross-selling. That business mix provides structural resilience to demand shifts, smoothing cash flows and supporting longer-term recovery versus single-segment operators.
Negative Factors
Steep revenue contraction
A roughly 37% year-over-year revenue decline materially weakens scale economics in a fixed-cost resort business. Sustained revenue contraction erodes ability to cover fixed overheads, limits reinvestment capacity, and risks permanent market-share loss if competitors recover faster.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated-resort, diversified revenue streams
Operating integrated resorts with casinos, hotels, F&B, retail and entertainment creates diversified revenue streams and cross-selling. That business mix provides structural resilience to demand shifts, smoothing cash flows and supporting longer-term recovery versus single-segment operators.
Read all positive factors
Macau Legend Development (1680) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$193.48M
Dividend YieldN/A
Average Volume (3M)96.88K
Price to Earnings (P/E)―
Beta (1Y)0.97
Revenue Growth-37.01%
EPS Growth-18861.22%
CountryHK
Employees1,149
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-2.28
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)0.29
Price to Sales (P/S)1.16
P/FCF Ratio5.70
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 Development generates revenue primarily through its casino operations, where it earns money from gaming activities such as table games and slot machines. Additionally, the company profits from hotel accommodations and related services...
Macau Legend Development Financial Statement Overview
Summary
Income Statement
50
Neutral
Balance Sheet
55
Neutral
Cash Flow
40
Negative
| 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
Negative
0.39
Price Trends
0.26
Negative
0.29
Negative
0.44
Negative
Market Momentum
-0.02
Positive
35.60
Neutral
15.75
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 0.23, above the 50-day MA of 0.26, and below the 200-day MA of 0.44, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 35.60 is Neutral, neither overbought nor oversold. The STOCH value of 15.75 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$158.28B | 15.71 | 13.12% | 3.06% | 4.94% | 15.38% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$43.28B | 4.63 | 344.91% | 5.73% | 5.59% | -4.38% | |
61 Neutral | HK$30.00B | 19.06 | -11.87% | 5.92% | -4.41% | -31.45% | |
52 Neutral | HK$141.88B | 22.71 | 71.16% | 2.39% | -3.13% | -13.65% | |
46 Neutral | HK$193.48M | -0.09 | -75.45% | ― | -37.01% | -18861.22% | |
40 Neutral | HK$15.27B | -39.90 | -3.15% | ― | 12.29% | 98.20% |
* Consumer Cyclical Sector Average
HK:1680
Macau Legend Development
0.21
-0.69
-76.71%
HK:0880
SJM Holdings
2.15
0.04
1.90%
HK:2282
MGM China Holdings
11.16
2.31
26.10%
HK:0027
Galaxy Entertainment Group
36.16
11.43
46.25%
HK:1928
Sands China
17.53
4.94
39.19%
HK:1128
Wynn Macau
5.70
1.23
27.57%
Macau Legend Development Corporate Events
Macau Legend Raises HK$86.4 Million Through Fully Underwritten Rights Issue
Jan 22, 2026
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 applicant...
Macau Legend Says Cape Verde Asset Seizure Will Not Hit Earnings After Full Impairment
Jan 20, 2026
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 mov...
Macau Legend Faces Temporary Board Non-Compliance as Independent Director’s Tenure Ends
Dec 24, 2025
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 chairm...
Macau Legend Overhauls Board Structure and Committee Membership
Dec 24, 2025
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 executi...
Macau Legend’s Capital Reorganisation Takes Effect on 29 December 2025
Dec 23, 2025
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 cond...
Macau Legend Shifts Domicile to Bermuda and Overhauls Capital Structure
Dec 21, 2025
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 bra...
Macau Legend Development Passes Key Resolutions at EGM
Dec 2, 2025
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 governanc...
Macau Legend Development Changes Auditor to Baker Tilly
Dec 1, 2025
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 co...
Macau Legend Development Announces Change in Cayman Islands Office Address
Nov 20, 2025
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 adminis...
Macau Legend Development Plans Domicile Change and Capital Restructuring
Nov 13, 2025
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 gover...
Macau Legend Announces Early Termination of Service Agreement with SJM
Nov 7, 2025
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 Legend Development Proposes Strategic Changes to Enhance Operations
Nov 6, 2025
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 chan...
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.