The Zhitong Finance App learned that Citibank released a research report saying that MGM China (02282.HK) property EBITDA for the second quarter fell 7% year on year and 5% from quarter to quarter, which was 3% and 1% higher than the bank's and market expectations, respectively; net revenue remained roughly the same year on year. The bank mentioned that MGM China's management is confident that the property EBITDA profit margin can be maintained at a high level of 20%, and indicated that gambling began to recover in the second week of July, when there were only a few games left in the World Cup. The bank maintained the company's “buy” rating, with a target price of HK$13.7.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that Citibank released a research report saying that MGM China (02282.HK) property EBITDA for the second quarter fell 7% year on year and 5% from quarter to quarter, which was 3% and 1% higher than the bank's and market expectations, respectively; net revenue remained roughly the same year on year. The bank mentioned that MGM China's management is confident that the property EBITDA profit margin can be maintained at a high level of 20%, and indicated that gambling began to recover in the second week of July, when there were only a few games left in the World Cup. The bank maintained the company's “buy” rating, with a target price of HK$13.7.
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