Studio City International: Macau's Growth Streak Comes With A Catch
Source: SeekingAlpha
2025-06-04 00:46:06 ET
Summary
- Maintaining a 'Hold' on Studio City International due to heavy debt load and weak EBIT, despite Macau's visitor recovery.
- Studio City faces fierce competition in Macau and struggles to convert strong visitation into meaningful GGR and profit growth.
- Valuation remains unattractive, trading at a steep EV/EBIT multiple, even after a significant stock price decline.
- Potential upside exists if family-focused tourism accelerates, but debt and negative cash flow overshadow near-term prospects.
While I've been bullish for top-tier players like Boyd Gaming ( BYD ) and even for some locals like Monarch ( MCRI ), I've always had a back seat with Studio City International ( MSC )....
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Studio City International: Macau's Growth Streak Comes With A Catch
Studio City International Holdings Limited American depositary shares each representing four Class A
NASDAQ: MSC
MSC Trading
1.33% G/L:
$3.04 Last:
464 Volume:
$3.07 Open:
MSC Latest News
March 13, 2026 07:50:13 am
Studio City International Holdings Limited Announces Filing of Annual Report on Form 20-F for Fiscal Year 2025
February 12, 2026 07:57:37 am
Studio City International Holdings Limited Announces Unaudited Fourth Quarter 2025 Earnings
MSC Stock Data
$691,148,857
94,927,610
N/A
12
N/A
Hotels, Lodging & Leisure
Consumer Discretionary
HK
Singapore
