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| HSI1 | 25,635.23 | -183.70 | 224.51B |
| HSCEI1 | 8,891.71 | -23.41 | 85.82B |
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2025-12-29 11:53:38 MGM CHINA (02282.HK) opened 0.5% lower this morning before slumping nearly 13.4% to bottom at HKD13.5 at one point. It last printed at HKD13.51, down 13.3%, with a turnover of HKD315 million. WYNN MACAU (01128.HK) last posted at HKD6.04, down 3.1%. SANDS CHINA LTD (01928.HK) fell off 3.7%, and GALAXY ENT (00027.HK) shed 2.2%. Morgan Stanley published a research report indicating that MGM China will need to pay royalty payment to MGM Resorts (MGM.US) that will increase from the current 1.75% of monthly net revenue to 3.5%. It expected that the new royalty payment for next year will be HKD1.2 billion, compared to HKD600 million this year. This will result in MGM China's 2026 corporate EBITDA being 7% lower than previous forecasts. Besides, MGM China's EBITDA may decline by 5% YoY, with profit margins narrowing by 220 bps. ~ AASTOCKS Financial News Website: www.aastocks.com | |