Studio City rises 6.5%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
0mins
Should l Buy MSC?
- Stock Performance: Studio City shares have increased by 6.5%, rising 55 cents to reach a price of $9.00.
- Data Reference: The information is based on data available up to October 2023.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy MSC?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on MSC
About MSC
Studio City International Holdings Ltd is an integrated resort located in Cotai, Macau and its principal operating activities are the provision of gaming related services and the hospitality business in Macau. The Company has 250 mass market gaming tables and 45 tables authorized for VIP rolling chip operations. It’s cinematically-themed integrated resort is designed to attract a wide range of customers by providing non-gaming attractions, including the world’s first figure-8 Ferris wheel, a deluxe night club and karaoke, a 5,000-seat live performance arena and an outdoor water park. Studio City features approximately 1,600 luxury hotel rooms, diverse food and beverage establishments and approximately 27,000 square meters of complementary retail space.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Strait of Hormuz Blockade Raises Global Oil Supply Concerns
- Shipping Traffic Plummets: Since the onset of the conflict on February 28, only 21 tankers have transited the Strait of Hormuz, a drastic drop from over 100 daily before the war, potentially leading to soaring global oil prices and a supply crisis.
- Chinese Vessel Transit: During the conflict, 11 China-linked vessels successfully navigated the Strait, despite state-owned Cosco Shipping suspending new bookings, indicating a strategic shift in China's shipping approach to mitigate risks in the region.
- Random Attacks Heighten Uncertainty: The International Maritime Organization reports that at least 16 vessels have been struck near the UAE and Iraq, with attacks lacking a discernible pattern, increasing shipping uncertainty and forcing shipowners to seek alternative routes.
- Congestion on Alternative Routes: At the war's onset, 81 container ships were bound for the Strait, with 43 rerouting to other ports, causing significant congestion in alternative hubs like Fujairah and Sohar, thereby impacting global supply chain efficiency.
See More
U.S.-Israel Airstrikes on Iran Trigger Market Turmoil
- Middle East Market Decline: Following the U.S. and Israeli airstrikes on Iran, Middle Eastern stock markets faced significant declines on their first trading day, with Saudi Arabia's Tadawul, Oman's Muscat index, and Bahrain's exchange all trading in the red, reflecting investor anxiety over the escalating conflict.
- Oil Price Surge Anticipation: Traders are predicting that Brent crude prices will spike above $80 per barrel due to the airstrikes, despite OPEC's recent decision to increase output, indicating heightened volatility in the global oil market.
- Strait of Hormuz Closure: The closure of the Strait of Hormuz has led global shipping companies to suspend all vessel transit, increasing shipping times and costs, which further exacerbates oil price instability in the wake of retaliatory strikes by Iran's Revolutionary Guard.
- Air Travel Disruption: The airspace across the Middle East has been largely closed since the strikes, resulting in over 1,500 flight cancellations and more than 19,000 global flight delays, placing immense operational pressure on airlines as they work to reopen routes and arrange repatriation flights.
See More
Macau Gaming Revenue Rises 4.5% Year Over Year
- Revenue Growth: According to the Gaming Inspection and Coordination Bureau, Macau's gross gaming revenue (GGR) rose 4.5% year over year to 20.6 billion patacas ($2.6 billion), exceeding the market expectation of a 1% increase, indicating a strong recovery momentum.
- Holiday Impact Analysis: Although January's GGR was 22.6 billion patacas, the average daily arrivals during the Chinese New Year increased by 5.5%, with hotel occupancy rates reaching an impressive 95.6%, highlighting the positive impact of the holiday on gaming revenue.
- Market Performance Comparison: For the first two months of 2026, Macau's GGR increased by 13.9% year over year to 43.3 billion patacas ($5.4 billion), although still below pre-pandemic levels in 2019, it shows signs of gradual recovery.
- Industry Outlook: With operators focusing on premium mass markets and non-gaming attractions benefiting from strong traffic, Macau's gaming sector is expected to continue its growth trajectory, particularly during holidays and peak tourism periods.
See More
Studio City International Reports Q4 Financial Results
- Financial Overview: Studio City International reported a Q4 GAAP EPS of -$0.11, with revenue reaching $160.3 million, reflecting a 4.8% year-over-year increase, showcasing the company's resilience amid challenges.
- Revenue Growth Drivers: The revenue increase was primarily driven by improved performance in mass market table games operations, leading to higher revenue from casino contracts and an uptick in non-gaming revenues, indicating the effectiveness of the company's diversification strategy.
- Market Performance Analysis: Despite the overall revenue growth, the negative GAAP EPS highlights ongoing challenges in cost control and profitability, which may affect investor confidence moving forward.
- Future Outlook: With a rebound in market demand and improved operational efficiency, Studio City International is poised for stronger financial performance in the coming quarters, particularly against the backdrop of sustained growth in non-gaming business segments.
See More
Studio City International Reports Strong 2025 Financial Results
- Significant Revenue Growth: In Q4 2025, Studio City reported total operating revenues of $160.3 million, a 4.8% increase from $152.9 million in Q4 2024, primarily driven by improved performance in mass market table games, indicating strong recovery potential in the Macau market.
- Increased Gaming Revenue: The casino generated gross gaming revenues of $342.7 million in Q4 2025, up 6.5% from $321.8 million in Q4 2024, reflecting successful strategies in attracting customers and further solidifying its market position.
- Improved Adjusted EBITDA: The adjusted EBITDA for Q4 2025 was $60.2 million, a 6.2% increase from $56.7 million in Q4 2024, demonstrating the company's ability to enhance profitability while managing costs effectively, boosting confidence for future investments.
- Reduced Net Loss: The net loss for Q4 2025 was $20.5 million, significantly down from $27.7 million in Q4 2024, showcasing improvements in financial management and operational efficiency, which may enhance investor confidence.
See More
Millennium Silver (MSC:CA) Plans Non-Brokered Placement of 150M Units at $0.015 to Raise $2.25M
- Financing Plan: Millennium Silver plans to issue up to 150 million units at $0.015 each, aiming to raise gross proceeds of up to $2.25 million, which is intended to enhance the company's liquidity for future growth initiatives.
- Unit Composition: Each unit will consist of one common share and one non-transferable warrant, exercisable at $0.05 per share for the first three years and $0.10 per share in years four and five, providing investors with potential upside opportunities.
- Stock Options Granted: The company also granted 8.16 million stock options with an exercise price of $0.05 per share, expiring on January 14, 2031, which will further incentivize management and employee performance.
- Closing Conditions: The closing of this financing is subject to customary closing conditions, ensuring compliance and transparency in the transaction, thereby enhancing investor confidence.
See More
Strait of Hormuz Blockade Raises Global Oil Supply Concerns
- Shipping Traffic Plummets: Since the onset of the conflict on February 28, only 21 tankers have transited the Strait of Hormuz, a drastic drop from over 100 daily before the war, potentially leading to soaring global oil prices and a supply crisis.
- Chinese Vessel Transit: During the conflict, 11 China-linked vessels successfully navigated the Strait, despite state-owned Cosco Shipping suspending new bookings, indicating a strategic shift in China's shipping approach to mitigate risks in the region.
- Random Attacks Heighten Uncertainty: The International Maritime Organization reports that at least 16 vessels have been struck near the UAE and Iraq, with attacks lacking a discernible pattern, increasing shipping uncertainty and forcing shipowners to seek alternative routes.
- Congestion on Alternative Routes: At the war's onset, 81 container ships were bound for the Strait, with 43 rerouting to other ports, causing significant congestion in alternative hubs like Fujairah and Sohar, thereby impacting global supply chain efficiency.
See More
U.S.-Israel Airstrikes on Iran Trigger Market Turmoil
- Middle East Market Decline: Following the U.S. and Israeli airstrikes on Iran, Middle Eastern stock markets faced significant declines on their first trading day, with Saudi Arabia's Tadawul, Oman's Muscat index, and Bahrain's exchange all trading in the red, reflecting investor anxiety over the escalating conflict.
- Oil Price Surge Anticipation: Traders are predicting that Brent crude prices will spike above $80 per barrel due to the airstrikes, despite OPEC's recent decision to increase output, indicating heightened volatility in the global oil market.
- Strait of Hormuz Closure: The closure of the Strait of Hormuz has led global shipping companies to suspend all vessel transit, increasing shipping times and costs, which further exacerbates oil price instability in the wake of retaliatory strikes by Iran's Revolutionary Guard.
- Air Travel Disruption: The airspace across the Middle East has been largely closed since the strikes, resulting in over 1,500 flight cancellations and more than 19,000 global flight delays, placing immense operational pressure on airlines as they work to reopen routes and arrange repatriation flights.
See More
Macau Gaming Revenue Rises 4.5% Year Over Year
- Revenue Growth: According to the Gaming Inspection and Coordination Bureau, Macau's gross gaming revenue (GGR) rose 4.5% year over year to 20.6 billion patacas ($2.6 billion), exceeding the market expectation of a 1% increase, indicating a strong recovery momentum.
- Holiday Impact Analysis: Although January's GGR was 22.6 billion patacas, the average daily arrivals during the Chinese New Year increased by 5.5%, with hotel occupancy rates reaching an impressive 95.6%, highlighting the positive impact of the holiday on gaming revenue.
- Market Performance Comparison: For the first two months of 2026, Macau's GGR increased by 13.9% year over year to 43.3 billion patacas ($5.4 billion), although still below pre-pandemic levels in 2019, it shows signs of gradual recovery.
- Industry Outlook: With operators focusing on premium mass markets and non-gaming attractions benefiting from strong traffic, Macau's gaming sector is expected to continue its growth trajectory, particularly during holidays and peak tourism periods.
See More
Studio City International Reports Q4 Financial Results
- Financial Overview: Studio City International reported a Q4 GAAP EPS of -$0.11, with revenue reaching $160.3 million, reflecting a 4.8% year-over-year increase, showcasing the company's resilience amid challenges.
- Revenue Growth Drivers: The revenue increase was primarily driven by improved performance in mass market table games operations, leading to higher revenue from casino contracts and an uptick in non-gaming revenues, indicating the effectiveness of the company's diversification strategy.
- Market Performance Analysis: Despite the overall revenue growth, the negative GAAP EPS highlights ongoing challenges in cost control and profitability, which may affect investor confidence moving forward.
- Future Outlook: With a rebound in market demand and improved operational efficiency, Studio City International is poised for stronger financial performance in the coming quarters, particularly against the backdrop of sustained growth in non-gaming business segments.
See More
Studio City International Reports Strong 2025 Financial Results
- Significant Revenue Growth: In Q4 2025, Studio City reported total operating revenues of $160.3 million, a 4.8% increase from $152.9 million in Q4 2024, primarily driven by improved performance in mass market table games, indicating strong recovery potential in the Macau market.
- Increased Gaming Revenue: The casino generated gross gaming revenues of $342.7 million in Q4 2025, up 6.5% from $321.8 million in Q4 2024, reflecting successful strategies in attracting customers and further solidifying its market position.
- Improved Adjusted EBITDA: The adjusted EBITDA for Q4 2025 was $60.2 million, a 6.2% increase from $56.7 million in Q4 2024, demonstrating the company's ability to enhance profitability while managing costs effectively, boosting confidence for future investments.
- Reduced Net Loss: The net loss for Q4 2025 was $20.5 million, significantly down from $27.7 million in Q4 2024, showcasing improvements in financial management and operational efficiency, which may enhance investor confidence.
See More
Millennium Silver (MSC:CA) Plans Non-Brokered Placement of 150M Units at $0.015 to Raise $2.25M
- Financing Plan: Millennium Silver plans to issue up to 150 million units at $0.015 each, aiming to raise gross proceeds of up to $2.25 million, which is intended to enhance the company's liquidity for future growth initiatives.
- Unit Composition: Each unit will consist of one common share and one non-transferable warrant, exercisable at $0.05 per share for the first three years and $0.10 per share in years four and five, providing investors with potential upside opportunities.
- Stock Options Granted: The company also granted 8.16 million stock options with an exercise price of $0.05 per share, expiring on January 14, 2031, which will further incentivize management and employee performance.
- Closing Conditions: The closing of this financing is subject to customary closing conditions, ensuring compliance and transparency in the transaction, thereby enhancing investor confidence.
See More
