02282 MGM CHINA
- 14.680
- -0.220-1.48%
MGM CHINA News
China Galaxy Securities: May Day travel consumption is growing steadily and the current proposal focuses on two main investment lines
China Galaxy Securities released a research report saying that overall, travel consumption during the May 1st holiday overcome a high base and continued to increase steadily. If weather factors improve during the peak summer season, the growth rate is expected to improve month-on-month.
Intraday Overview | The three major indices of Hong Kong stocks weakened slightly, and the pharmaceutical outsourcing concept rose against the market
Road transport stocks strengthened; Guangzhou-Shenzhen Railway shares rose more than 9%, Anhui Wantong Expressway rose more than 6%; domestic housing stocks collectively pulled back, Agile Group fell more than 6%, and Midea Real Estate fell more than 5%.
Research Nuggets | CICC: Maintaining MGM China's target price of HK$18.8 and “outperforming the industry” rating
Glonghui, May 6 | CICC released a research report showing that MGM China's net revenue for the first fiscal quarter rose 71% year-on-year to HK$8.258 billion, recovering to 143% in the same period in 2019; adjusted EBITDA was $2.05 billion, up 77% year-on-year, returning to 155% in the same period in 2019, exceeding market expectations of HK$2,372 billion. Considering that the company's growth was better than expected, the bank raised the Group's 2024 adjusted EBITDA forecast by 3% to HK$8.502 billion, while also increasing the 2025 adjusted EBITDA forecast by 1% to HK$9.809 billion. This line has been renewed for collection
May 3 Repurchase Collection | Hang Seng Bank, Swire Group A and others bought back one after another. Of these, Hang Seng Bank spent HK$42.1266 million
According to documents disclosed by the Hong Kong Stock Exchange on May 6, $Hang Seng Bank (00011.HK) $ and $Swire Group A (00019.HK) $ repurchased shares. ① $Hang Seng Bank (00011.HK) $ repurchased 400,000 common shares on May 3, involving an amount of HK$42.1266 million. The repurchase price per share ranged from HK$106.2 to HK$104.6. The cumulative number of securities repurchased during the year (since the adoption of the ordinary resolution) is 8.384 million shares, accounting for 0.439% of the number of shares issued when the ordinary resolution was passed. ② $Taikoo
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.
Analysis
Price Target
No Data
