Wynn Macau falls most in near 3 months after Q4 results, Citi cuts TP

Shares of Wynn Macau 1128.HK fall 5.1% to HK$5.8, on track for the biggest one-day pct drop since November 21

Controlling shareholder Wynn Resorts WYNN.O - in Macau operations, Wynn Macau's operating revenues increased to $371.3 mln in Q4 2025 from $363.7 mln the same period a year ago, and Wynn Palace's operating revenues rose $596.4 mln from $562.9 mln a year ago

Citi maintains "buy" on the stock but lowers target price to HK$7.55 from HK$7.90 to reflect the latest operating trends and 4Q25 results miss with adjusted property EBITDA below estimate

Jefferies, with "buy" rating, says Wynn Macau's 4Q25 sales and adj EBITDA were in line with estimates

Rivals' shares also fall, with Galaxy 0027.HK, Sands China 1928.HK, SJM 0880.HK, MGM China 2282.HK and Melco 0200.HK down between 0.7% and 5.6%

YTD, Wynn Macau stock down 1.5%, while benchmark Hang Seng Index .HSI up 3.6%