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<Research>HSBC Research: MGM CHINA (02282.HK) 1FQ Results Beat; TP Raised to $18
MGM CHINA (02282.HK) reported another better-than-expected results in 1FQ24, beating the market's expectation by 11%, HSBC Global Research released a research report saying. MG...
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<Research>HSBC Research: MGM CHINA (02282.HK) 1FQ Results Beat; TP Raised to $18
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MGM CHINA (02282.HK)  -0.220 (-1.484%)    Short selling $31.40M; Ratio 22.275%   reported another better-than-expected results in 1FQ24, beating the market's expectation by 11%, HSBC Global Research released a research report saying.

MGM CHINA's market share for mass revenue slightly improved MoM in April, despite intensified competition in the gaming industry due to increased reinvestment.

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The broker expected MGM CHINA's results to continue to be resilient, and raised its EBITDA forecasts for FY2024/25 by 14% each. HSBC Global Research also raised its target price from $15 to $18, and kept rating at Buy, believing that the valuation is reasonable, with the Company's dividend payout reaching 50%, and a dividend yield of 3%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.)

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