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Macau Legend Development (1680) AI Stock Analysis

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HK:1680

Macau Legend Development

(HKEX:1680)

Select Model
Rating:48Neutral
Price Target:HKD 0.13â–¼(-0.75% Downside)
Action:reiterated
Date:09/26/26

The overall score is driven primarily by very weak financial performance, with collapsing revenue, deeply negative margins, and rising leverage signaling elevated fundamental risk. Strong short-term price momentum partly offsets these concerns but appears already extended, while the negative P/E and lack of dividends underline an unfavorable valuation backdrop for long-term investors.

Positive Factors
Integrated resort business modelThe integrated resort model gives Macau Legend several ways to monetize visitor spending across gaming, accommodation, dining, retail, and entertainment. This breadth can support customer retention and cross-selling, while reducing reliance on a single on-site revenue stream over the medium term.
Negative Factors
Sharp revenue and profitability deteriorationThe sharp revenue contraction and return to negative gross margin show that operating performance has weakened materially. Persistent and deepening losses reduce internal funding capacity, make recovery more dependent on a business improvement, and weaken the sustainability of the current earnings base.

Macau Legend Development (1680) vs. iShares MSCI Hong Kong ETF (EWH)

-80%-60%-40%-20%0%20%HK:1680-64.74%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 554.95K
Dividend Yield
―
Average Volume (3M)
70.87K
Price to Earnings (P/E)
-0.5
Beta (1Y)
0.89
Revenue Growth
-33.88%
EPS Growth
86.14%
Country
Hong Kong
Employees
671
Sector
Consumer Cyclical
Sector Strength
61
Industry
Gambling, Resorts & Casinos

Macau Legend Development Business Overview & Revenue Model

Company Description

Macau Legend Development Limited, an investment holding company, operates entertainment and casino gaming services in Macau. The company operates through Gaming and Non-Gaming segments. Its properties include Macau Fisherman’s Wharf, a waterfront int...

How the Company Makes Money

Macau Legend makes money primarily by operating destination entertainment and hospitality venues in Macau. Its revenue model centers on: (1) Gaming/casino operations: earnings derived from casino gaming activities conducted at its properties (e.g., t...

Macau Legend Development Financial Statement Overview

Summary

Revenue has dropped sharply from 1.14B in 2021 to 359M in 2025, with net profit margins deteriorating to -437% and debt-to-equity rising to 1.69, indicating severe profitability and leverage pressures despite recent improvement in operating and free cash flow.

Income Statement

25Negative

Balance Sheet

45Neutral

Cash Flow

60Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue363.14M358.62M771.47M901.64M711.61M1.14B
Gross Profit-14.19M-66.76M95.69M160.29M-335.36M-371.25M
EBITDA-10.68M-11.64M-218.98M112.77M-218.32M-550.46M
Net Income-282.40M-1.57B-622.63M-4.92M-607.21M-1.19B
Balance Sheet
Total Assets4.36B4.43B5.88B6.86B7.15B7.97B
Cash, Cash Equivalents and Short-Term Investments39.58M28.76M68.94M64.91M89.01M134.27M
Total Debt2.48B2.49B2.49B2.66B2.66B2.52B
Total Liabilities2.94B2.96B2.84B3.16B3.44B3.66B
Stockholders Equity1.42B1.47B3.04B3.71B3.71B4.31B
Cash Flow
Free Cash Flow-58.97M-9.75M156.70M166.21M-284.97M-397.53M
Operating Cash Flow-18.64M34.25M171.45M182.54M-242.58M-344.40M
Investing Cash Flow-38.45M-43.28M150.55M-32.86M159.99M-39.77M
Financing Cash Flow73.48M-15.08M-330.42M-173.86M33.62M372.64M

Macau Legend Development Technical Analysis

Technical Analysis SentimentNegative
Last Price0.13

Price Trends

50DMA0.14Negative
100DMA0.13Positive
200DMA0.18Negative

Market Momentum

MACD-0.00Positive
RSI39.82Neutral
STOCH53.08Neutral

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 0.13 is below the 20-day moving average (MA) of 0.15, below the 50-day MA of 0.14, and below the 200-day MA of 0.18, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 39.82 is Neutral, neither overbought nor oversold. The STOCH value of 53.08 is Neutral, 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:1680 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0027HK:002780OutperformHKD 140.33B13.0912.77%5.30%8.39%11.34%
HK:1928HK:192869NeutralHKD 86.44B12.5865.49%9.36%8.73%-3.66%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
HK:2282HK:228259NeutralHKD 34.66B7.60129.87%6.61%11.01%6.83%
HK:1680HK:168048NeutralHKD 124.64M-0.48-19.55%―-33.88%86.14%
HK:1128HK:112848NeutralHKD 23.80B7.88-22.18%9.92%9.38%60.07%
HK:0880HK:088037UnderperformHKD 8.06B-14.88-4.07%―-16.41%-3217.39%

* Consumer Cyclical Sector Average

Performance Comparison

-60%-40%-20%0%HK:1680HK:0880HK:2282HK:0027HK:1928HK:1128Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1680 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1680Macau Legend Development Ltd.0.13-0.25-65.19%
HK:0880SJM Holdings1.14-1.74-60.45%
HK:2282Mgm China Holdings(OTC)9.12-5.27-36.62%
HK:0027Galaxy Entertainment Group 32.06-4.44-12.15%
HK:1928Sands China 10.68-7.88-42.46%
HK:1128Wynn Macau 4.49-1.65-26.87%

Macau Legend Development Corporate Events

Macau Legend Narrows Interim Losses as Revenue Inches Higher

Aug 31, 2026

Macau Legend Development reported interim unaudited revenue of HK$172.65 million for the six months ended 30 June 2026, a modest increase from HK$168.13 million a year earlier, while sharply reducing cost of sales and services to HK$166.60 million fr...

Macau Legend Flags Sharply Lower Interim Loss on Absence of Impairment

Aug 27, 2026

Macau Legend Development has issued a profit alert indicating a sharp reduction in its interim loss for the six months to 30 June 2026. The group expects to record a loss of about HK$136.8 million, compared with approximately HK$1,420.8 million a yea...

Macau Legend Sets August Board Meeting to Review Interim Results and Dividend

Aug 19, 2026

Macau Legend Development Limited has scheduled a board meeting for 31 August 2026 to review and approve the unaudited consolidated interim results for the six months ended 30 June 2026. The board will also consider the possible declaration of an inte...

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.

Date of analysis: Sep 26, 2026