02282 MGM CHINA
- 14.280
- -0.620-4.16%
MGM CHINA News
MGM China (02282.HK) spent HK$90,200 to buy back 6,400 shares on May 3
Glonghui, May 3, 丨 MGM China (02282.HK) announced that it spent HK$90,200 to buy back 6,400 shares on May 3.
Macau tourism popularity remained high on May 1st, and MGM China once rose nearly 8%
① Why do gaming stocks continue to strengthen? ② Why can MGM China lead the way?
Express News | Citi: Maintaining MGM China's “Buy” rating, the target price was raised to HK$18.35.
Changes in Hong Kong stocks | Gaming stocks continued to rise, Macau's gaming revenue in April beat expectations, and the number of inbound visitors during the “May 1st” Golden Week was impressive
Gaming stocks continued to rise. As of press release, MGM China was up 7.04%, Belle Palace was up 4.94%, Galaxy Entertainment was up 2.62%, Wynn Macau was up 2.39%, and Sands China was up 1.87%.
Hong Kong stock changes丨Visitors were strong on the first two days of Macau's May 1st Golden Week. Gaming stocks strengthened across the board, and MGM China rose nearly 7%
Glonghui, May 3 | Macau enjoyed a boom in visitors on the first two days of May 1st Golden Week, boosting the overall strength of Hong Kong stock markets. Among them, MGM China rose nearly 7%, Galaxy Entertainment rose more than 3%, Wynn Macau rose more than 2%, and Sands China and Macau International Development rose more than 1%. The Macau Security Police announced that on the second day of May 1st Golden Week in the Mainland, there were nearly 300,000 visitors entering and leaving the country, including 150,000 inbound visitors and 144,000 outbound visitors. Yesterday, the total number of people entering and leaving each port was 652,000. Earlier, the Macau Security Police also announced that 229,000 visitors entered and left the country on the first day of May 1st Golden Week in the Mainland.
MGM China's stock price surged 6.6%, and J.P. Chase raised MGM China's target price to 18.5 yuan, and the rating was “increased.”
MGM China's stock price surged 6.6%, and J.P. Chase raised MGM China's target price to 18.5 yuan, and the rating was “increased.”
Lyon: Target price of HK$16.8 for MGM China (02282.HK) “Buy” rating
Lyon released a research report stating that it gave MGM China (02282.HK) a “buy” rating, making it the bank's first choice in the gaming industry, and set its target price at HK$16.8. The company's property EBITDA performance in the first quarter increased 14% quarterly, 5% to 6% higher than the market and the bank's expectations, respectively. Although the VIP room win rate during the season was lower than normal, the company's gaming revenue market share recorded a further increase.
Analysts' Top Consumer Cyclical Picks: MGM Resorts (MGM), MGM China Holdings (MCHVF)
Changes in Hong Kong stocks | Macau International Development (00200) rose more than 7% to lead gaming stocks with 121,000 visitors on the first day of Macau's May 1st Golden Week
Gaming stocks were strong in early trading. As of press release, MGM China (02282) rose 7.93% to HK$6.4; MGM China (02282) rose 4.07% to HK$13.82; Wynn Macau (01128) rose 2.74% to HK$7.51; and Wynn Macau (01928) rose 2.87% to HK$7.52.
Macau's April data performance was good, and the Macau travel sector received attention (with concept stocks)
According to data released by the Macau Gaming Inspection and Coordination Bureau on Wednesday, the total revenue of the gaming industry increased 26% year-on-year to MOP 18.5 billion in April, exceeding market expectations. Revenue is currently around 79% of pre-pandemic levels in 2019.
MGM China Holdings: Pleased to See Continuous Recovery in Macau, Avg Daily Visitor Arrival for the Period Reached 97,536 Up 8% From Previous Qtr, Recovered to 85% of Same Period in 2019 >2282.HK
MGM China Holdings: Pleased to See Continuous Recovery in Macau, Avg Daily Visitor Arrival for the Period Reached 97,536 Up 8% From Previous Qtr, Recovered to 85% of Same Period in 2019 >2282.HK
MGM China Holdings: 1Q Net Rev of the Group Was HK$8.3B, Increased by 70.6% From Same Qtr Last Yr, Reached 143% of 1Q 2019 >2282.HK
MGM China Holdings: 1Q Net Rev of the Group Was HK$8.3B, Increased by 70.6% From Same Qtr Last Yr, Reached 143% of 1Q 2019 >2282.HK
MGM China: Reports 2024 1Q Results
MGM China: Reports 2024 1Q Results
MGM China Holdings: Gross Gaming Rev in Macau Continued to See Sequential Growth >2282.HK
MGM China Holdings: Gross Gaming Rev in Macau Continued to See Sequential Growth >2282.HK
MGM China Holdings: During the Qtr, the Bd Proposed a Final Div of HK$0.243 Per Shr, and a Special Div of HK$0.104 Per Shr, Bringing It to a Total of HK$0.347 Per Shr for the Yr 2023 >2282.HK
MGM China Holdings: During the Qtr, the Bd Proposed a Final Div of HK$0.243 Per Shr, and a Special Div of HK$0.104 Per Shr, Bringing It to a Total of HK$0.347 Per Shr for the Yr 2023 >2282.HK
MGM China (02282.HK)'s total revenue for the first quarter was HK$8.258.3 billion, up 70.6% year-on-year
MGM China (02282.HK) announced that in the first quarter of 2024, the Group's total revenue was HK$8.258.3 billion, up 70.6% year on year; total adjusted EBITDA was approximately HK$2.05 billion, up 77.28% year on year.
Express News | MGM China Holdings Limited announced on the Hong Kong Stock Exchange that revenue for the first quarter was HK$8.26 billion, estimated at HK$7.86 billion; adjusted EBITDA for the first quarter was HK$2.5 billion.
MGM China (02282.HK): Performance continues to outperform peers
1Q24 performance was better than market expectations MGM China announced 1Q24 results on May 2: net revenue of HK$8.258 billion (up 71% year on year, up 8% month on month), returning to 143% of 1Q19; economic adjustments
Hong Kong Stock Afternoon Review | The three major indices rose sharply, domestic housing stocks and insurance stocks rose, Sunac China rose nearly 24%, and AIA Insurance rose nearly 8%
Technet stocks had mixed ups and downs. NetEase rose nearly 3%, Meituan fell nearly 3%; auto stocks rose one after another, with Zero Running up more than 9%, and Xiaopeng Motors rising nearly 5%.
Intraday Overview | The Hang Seng Index entered a technical bull market, and the Tech Index rose more than 1.7%
Technology stocks strengthened; Shangtang and BYD Electronics rose more than 6%, and NIO rose more than 5%; Youbi Choice rose more than 15%, and the company took the lead in developing the “Tiangong” robot platform.
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