Melco International Development: Liquidity Vs. Rising Debt

We initiate our coverage on Melco International Development Ltd (200 HK) (Melco) and its consolidated subsidiaries with an UNDERWEIGHT recommendation on STDCTY 19s, STDCTY20s, STDCTY 21s, and MPEL 25s (EXHIBIT 1).

 

Read more at:https://www.smartkarma.com/insights/melco-international-development-liquidity-vs-rising-debt

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