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| HSI1 | 19,553.61 | +177.08 | 179.30B |
| HSCEI1 | 6,934.70 | +63.32 | 77.11B |
| Back Zoom + Zoom - Block Traded | |
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2024-05-03 10:26:58 MGM CHINA (02282.HK)'s 1Q24 results beat expectations, Goldman Sachs released a research report saying. Property EBITDA rose 14% QoQ to $2.5 billion toward the high-end of the market's consensus range. After adjusting for lower VIP win rate, EBITDA would reach $2.67 billion, up 22% QoQ, thanks to lower daily operating expenses. The Group's overall GGR market share increased by 0.8 ppts QoQ to 17.2%. Taking into account the Group's YTD GGR and market share trends, Goldman Sachs adjusted its FY2024-FY2026 EBITDA forecasts by 11-14%, and elevated its target price from $14.4 to $16.5, with rating at Neutral. Goldman Sachs also expected GALAXY ENT (00027.HK), SJM HOLDINGS (00880.HK) and Melco Resorts & Entertainment Limited (MLCO.US) to perform better, all of which rated Buy. ~ AAStocks Financial News Web Site: www.aastocks.com | |