Corporate News – Melco Resorts & Entertainment Limited (MLCO)
Melco Resorts & Entertainment Limited (stock symbol MLCO) experienced a modest increase in share price during the 24‑hour period ending at 06:34 PM Central Europe on Wednesday, 21 March 2026. The stock closed 0.24 % higher, trading at approximately USD 4.09 on major exchanges.
Market Performance
| Metric | Value |
|---|---|
| Current share price | USD 4.09 |
| Shares outstanding | 379.6 million |
| Market capitalization | USD 1.6 billion |
| Volume traded in last 24 h | USD 7 million |
| 12‑month change | -12.71 % |
| 200‑day simple moving average | USD 5.45 |
| 52‑week high | USD 9.53 (12 January 2025) |
| 52‑week low | USD 4.04 (19 October 2026) |
The stock’s performance in the past 24 hours reflects a slight recovery after a prolonged decline since the end of the previous month. The trading volume of USD 7 million indicates moderate liquidity, while the 200‑day moving average suggests that the share is trading below its recent average price.
Analyst Outlook
HSBC Global Investment Research has revised its outlook for Macau gaming stocks, citing continued weak demand. The report highlights:
- A decline in gross gaming revenue (GGR) for the sector.
- An anticipated drop in earnings before interest, tax, depreciation and amortisation (EBITDA).
- A projected reduction in Melco’s market share and a downward adjustment of EBITDA.
- A moderate target price for Melco, aligned with the broader industry outlook.
- Lowered earnings forecasts for the coming years for peers, reflecting tighter capital controls and new tax policy.
- A cautious stance on growth prospects for Melco and other Macau gaming operators due to liquidity constraints and altered player sentiment.
The analysis underscores the impact of regulatory changes on the Macau gaming industry and suggests that Melco’s growth trajectory may slow in the near term.
Peer Comparison – 24‑Hour Performance
| Stock | Symbol | 24‑h change | Current price | Market cap | P/E ratio |
|---|---|---|---|---|---|
| Jinfu | 003018.SZ | 0 % | CNY 38.49 | CNY 12.2 bn | 90.94 |
| Envision Greenwise | 1783.HK | -0.79 % | HKD 5.05 | HKD 14.6 bn | 232.49 |
| Dah Sing | 0440.HK | +0.32 % | HKD 43.46 | HKD 13.8 bn | 7.22 |
| TOP Financial Group Ltd | TOP | +1.64 % | USD 15.78 | USD 1.8 bn | – |
| Shenzhen Hqvt –H | 1392.HK | +5.24 % | HKD 17.9 | HKD 14 bn | 9.22 |
The table shows that Melco’s performance is modest compared to the notable gains of Shenzhen Hqvt –H and the gains of TOP Financial Group Ltd, while peers such as Jinfu and Envision Greenwise have remained flat or declined slightly.
Company Overview
Melco Resorts & Entertainment Limited is a Hong Kong‑based company that develops, owns, and operates casinos. Its operations include casino gaming, restaurants, bars, and resort facilities primarily serving customers in Asia. The company’s business model relies on high‑volume gaming revenue and ancillary services within its entertainment properties.
This article presents factual information about Melco Resorts & Entertainment Limited and related market data as of the specified dates. No speculative commentary or author attribution is included.
