No juice in casino stocks for Citic, UOB as Macau ’s economic makeover, valuations blunt upside

It may be a case of too much too soon for Macau casino stocks. A late-2022 surge has made valuations expensive, while capital spending plans outside their core operations are likely to erode returns, some analysts said.#macau

Source: Reuters: Health - January 25, 2023 Category: Consumer Health News Source Type: news