Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>CLSA: MGM CHINA (02282.HK) Rating Kept at Outperform as 4Q25 Property EBITDA Beats
Recommend 2 Positive 3 Negative 2 |
||||
|
||||
|
MGM CHINA (02282.HK)'s 4Q25 property EBITDA grew by 29% YoY to $2.753 billion, 9% ahead of the expectations of CLSA/ the market, primarily driven by a higher-than-average VIP win rate at MGM Cotai, CLSA published a research report saying. Its GGR market share also expanded by 0.6 ppts YoY to 16.3%. Even excluding the $233 million impact from the above-average VIP win rate, the reported property EBITDA margin still hiked by 0.2 ppts YoY to 26.8%. This margin remains close to the Company's target range of high-20%, indicating effective control over operating expenses and rebates. MGM CHINA is currently trading at a forecasted EV/ EBITDA of 7.2x for 2026. Therefore, the broker kept rating at Outperform, with a target price of $20.9. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
