Jefferies Rates MGM CHINA Buy, TP HKD16.4
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Jefferies has rated MGM CHINAas a Buy with a target price of HKD16.4. The company reported an adjusted EBITDA of HKD2.46 billion for 1Q26, a 4% increase year-on-year but an 11% decrease quarter-on-quarter. Revenue reached HKD8.8 billion, up 10% YoY but down 9% QoQ. MGM CHINA's market share was stable at 15.7%, improving to 17.3% in March. The company is enhancing its premium offerings with renovations and new gaming spaces.
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