The Zhitong Finance App learned that MGM China (02282) rose nearly 8%. As of press release, it had risen 5.81% to HK$9.65, with a turnover of HK$16.9461 million.

According to the news, recently, MGM China disclosed its third-quarter results. CICC indicated that the company's net revenue for the third quarter was 8.926 billion yuan, up 5% year-on-year and 3% quarterly, reaching 155% in the same period in 2019; adjusted EBITDA was 2,395 billion yuan, up 1% year-on-year and 3% quarterly, also recovering to 155% in the same period in 2019, higher than the market forecast of 2,297 billion yuan, mainly driven by the increase in total gaming revenue market share and the better profit performance of various business segments.

Damo, on the other hand, believes that MGM China's third-quarter results are superior to market concerns. The bank believes that the company's valuation is attractive. Based on third-quarter annualization and 2027 market expectations, EV/EBITDA is 6.2 times. The company's operating performance is superior to that of its peers under industry headwinds, and further deleveraging is expected to help increase the current dividend rate of 5.6%. The market expects corporate EBITDA in 2026 to mean an EBITDA of about HK$1,974 billion in the fourth quarter, an increase of 1% quarterly and a year-on-year decrease of 19%. The bank believes that this threshold is low, and the market forecast for 2026 is expected to be revised.

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