HK-listed Melco falls most in 11 months after unit's downbeat results

Melco International Development

08/11/2023 04:48

** Macau gaming and resort group Melco International's
shares  0200.HK  fall 8.4% to HK5.32, set for biggest one-day
pct drop since Dec 19
    ** Stock is the biggest pct loser in Hang Seng Composite
Index  .HSCI 
    ** Shares of U.S.-listed unit Melco Resorts & Entertainment
 MLCO.O  dropped on Tuesday after it reported Q3 loss of 4 cents
per ADS vs Wall St estimates that ranged from -3 to 11 cents/ADS
    ** Melco's revenue rose 320.6% to $1.02 bln vs estimates of
$1.03 bln
    ** Hang Seng Composite Index  .HSCI  and Hang Seng Index
 .HSI  both add 0.1%
    ** Hong Kong stock of Melco International down 36.8% YTD 

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))