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<Research>Macquarie Slightly Cuts MGM CHINA (02282.HK) TP to $22.1 as 2Q Results in Line
Recommend 4 Positive 7 Negative 4 |
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MGM CHINA (02282.HK)'s 2Q25 GGR increased by 12% YoY and QoQ, beating Macquarie's expectation by 2%, Macquarie released a research report saying. Total revenue rose 9% YoY and 8% QoQ, in line with the broker's forecast. Adjusted EBITDA hit a record high of $2.51 billion, 3% ahead of the broker's expectation. Macquarie raised its 2025-2027 adjusted EBITDA forecasts for MGM CHINA by +2.2%/ -0.5%/ +0.4%, respectively. Therefore, the broker slightly cut its target price for the Company from $22.2 to $22.1, with rating at Outperform. AASTOCKS Financial News Website: www.aastocks.com |
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