No Data
The Macau Casino stocks have risen, with MGM CHINA (02282) increasing by 6.6%. During the May Day holiday, the number of incoming tourists to Macau exceeded 0.85 million.
King Wu Finance | Macau Casino stocks rose overall, MGM CHINA (02282) increased by 6.6%, SANDS CHINA (01928) rose by 3.8%, WYNN MACAU (01128) climbed by 2.84%, MELCO INT'L DEV (00200) gained 2.17%, and GALAXY ENT (00027) advanced by 1.56%. Data released by the Macao SAR Government Public Security Police Force on May 6 showed that from May 1 to May 5, there were a total of 3.754 million entries and exits at various ports in Macao, with over 0.85 million inbound visitors to Macao, averaging 0.17 million per day. In terms of ports, inbound visitors primarily entered Macao through the Gongbei Port.
MGM China Holdings (MCHVF) Receives a Buy From J.P. Morgan
MGM China's Controlling Shareholder Logs Lower Q1 EBITDA
【Brokerage Focus】China International Capital Corporation maintains "Outperform Industry" rating on MGM CHINA (02282), indicating a strong recovery in the mid-stage business of Macau and MGM COTAI.
Jingwu Financial News | China International Capital Corporation released a Research Report indicating that MGM CHINA (02282) announced its Q1 2025 performance on May 1: net income of 7.994 billion Hong Kong dollars (down 3% year-on-year, up 1% quarter-on-quarter), recovering to 139% of Q1 2019; adjusted EBITDA of 2.368 billion Hong Kong dollars (down 5% year-on-year, up 11% quarter-on-quarter), recovering to 146% of Q1 2019, better than Bloomberg's consensus expectation of 2.158 billion Hong Kong dollars. The firm attributed MGM CHINA's performance to: 1) all properties under its umbrella, MGM Macau and MGM Cotai, achieved the industry's strongest recovery in their mid-market business.
Morgan Stanley: Hold a defensive strategy for the gaming stocks and selectively absorb. In the short term, it is recommended to go long on MGM CHINA (02282).
In the short-term outlook, JPMorgan adopts a defensive strategy, recommending to buy MGM CHINA (02282) with a Target Price of HKD 13.5, due to its strong profitability and relative value and yield performance.
Morgan Stanley has raised the Target Price of MGM CHINA (02282) to HKD 13.5 and listed it as the industry favorite, maintaining a "Shareholding" rating.
The company's market share remains at 15.7%, meeting the company's "double-digit" target, but still exceeding market expectations for this year.
