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<Research>HSBC Research Rates MGM CHINA as Buy for Sturdy Results
Recommend 6 Positive 14 Negative 6 |
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According to a report from HSBC Global Research, MGM CHINA (02282.HK) delivered strong results for 4Q24, with both revenue and EBITDA beating expectations, and market share growing by 1 ppt QoQ to 16%. While MGM CHINA hosted more non-gaming events like the Poly MGM Museum that led to a roughly 12% increase in operating expenses QoQ, HSBC Global Research expected the company's reinvestment rate to drop by 1 ppt QoQ, reflecting its strong execution and operational efficiency. The broker kept the Buy rating unchanged on MGM CHINA, with a target price of $14. AAStocks Financial News |
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