The Zhitong Finance App learned that UBS released a research report stating that it will maintain MGM China's (02282) “buy” rating and a target price of HK$13.6. The company's adjusted property EBITDA increased by about 1% year-on-year in the third quarter; after adjusting the VIP room win rate, EBITDA was about US$290 million, in line with the bank's and market expectations. The Group continued to expand its market share in the third quarter, reaching 17.1%, up about 80 basis points from quarter to quarter. The bank mentioned that MGM China's management said that the market share advantage has continued until the beginning of the fourth quarter, that business performance has been strong since October, and that it has reaffirmed the 20% medium to high profit margin guideline.

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