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Citi: MGM CHINA 2Q Property EBITDA Beats; GGR Recovers After World Cup
2026-08-07 12:15:30
Citi issued a research report on MGM CHINA (02282.HK), of which property EBITDA for 2Q sagged 7% YoY and 5% QoQ, beating the broker's and market's expectations by 3% and 1% respectively. Net revenue was broadly flat YoY.

The broker noted that MGM CHINA management is confident of maintaining the property EBITDA margin at the mid-to-high 20% level, and said GGR began to recover in the second week of July when only a few World Cup matches remained.

The broker maintained its Buy rating on the company with a TP of HKD13.7.
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