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<Research>CLSA: MGM CHINA (02282.HK) 4Q24 Earnings Beat
Recommend 4 Positive 10 Negative 10 |
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MGM CHINA (02282.HK)'s 4Q24 property EBITDA grew 7% QoQ to $2.126 billion, beating the expectations of the market and CLSA by about 4-5%, CLSA released a research report saying. Gaming revenue market share stabilized at 15.5%, while EBITDA margin dropped slightly by 0.5 ppts to 26.8%. CLSA rated MGM CHINA at Outperform, with a target price of $11.9, believing that MGM CHINA has a healthy balance sheet and strong recurring cash flow generation. AAStocks Financial News |
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