MB-MGMC@EC2603A(29644.HK)

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MB-MGMC@EC2603A
29644.HK
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S&P expects Macau's gaming revenue growth to slow to between 3% and 7% this year

S&P Global Ratings expects that Macau's gaming revenue growth will slow to between 3% and 7%. The industry is transitioning from the post-pandemic recovery phase to mature development, affected by weakened consumer power in China and limited supply of new facilities. Nevertheless, robust corporate operations and market share growth will still provide moderate upward potential for the industry. S&P emphasizes that deleveraging is crucial for the rating recovery of companies such as Wynn Resorts, MGM Resorts, Melco Resorts & Entertainment, and Studio City

AASTOCKS·
HK
01128
+0.51%
HK
02282
+0.31%
US
MGM
-1.13%
AASTOCKS·
HK
01128
+0.51%
HK
02282
+0.31%
US
MGM
-1.13%

HSBC Research raises Macau's gaming revenue growth forecast for this year and upgrades Sands China to a "Buy" rating

HSBC Global Research raised its forecast for Macau's gaming revenue growth in 2026 to 8%, expecting it to reach MOP 26.447 billion, and upgraded Sands China from "Hold" to "Buy," increasing the target price from HKD 18.8 to HKD 24, with an expected profit growth of 33% in 2026. Meanwhile, Galaxy Entertainment's target price was raised from HKD 43.5 to HKD 47, maintaining a "Buy" rating, while MGM China’s target price was lowered from HKD 17.3 to HKD 17, maintaining a "Buy" rating

AASTOCKS·
US
SCHYY
+1.17%
HK
01928
+0.54%
HK
02282
+0.31%
AASTOCKS·
US
SCHYY
+1.17%
HK
01928
+0.54%
HK
02282
+0.31%

Investment Ratings and Target Prices for Gaming Stocks by Citigroup in "Big Banks" (Table)

Citi released a research report, updating the investment ratings and target prices for gaming stocks. The target price for Galaxy Entertainment is adjusted to HKD 49.5, MGM China to HKD 20.9, Sands China to HKD 22.9, WYNN MACAU to HKD 8.2, and Melco Resorts to USD 12.1. All stocks are rated as outperform

AASTOCKS·
HK
01128
+0.51%
US
GXYYY
+0.86%
HK
00027
+1.36%
AASTOCKS·
HK
01128
+0.51%
US
GXYYY
+0.86%
HK
00027
+1.36%

MGM CHINA grants employees a one-month non-recurring bonus

MGM CHINA announced that it will distribute a one-month salary equivalent non-recurring bonus to eligible employees starting from January 21, benefiting approximately 95% of team members. He Chaohong, Chairman and Executive Director of MGM CHINA, stated that looking ahead, MGM will continue to leverage its core strengths, maintain its focus and dedication to guests, adhere to the "Original + Innovation" philosophy, and continuously create more diverse tourism products to contribute to consolidating Macau's position as a world-class tourism and leisure center

AASTOCKS·
HK
02282
+0.31%
AASTOCKS·
HK
02282
+0.31%

Parental Love Gone Amok? MGM China Shares Plunge On Licensing Fee Hike

MGM China shares fell sharply after the company announced a doubling of its licensing fee to 3.5% of monthly revenue, leading to a market value loss of over $1.3 billion. The fee increase, effective for up to 20 years, is expected to reduce MGM China's EBITDA by about 5%. Morgan Stanley downgraded its rating on MGM China and lowered its target price. Despite previous gains from new gaming licenses, the abrupt fee hike has left investors concerned about profitability, resulting in a 17% stock drop on the first trading day after the announcement.

benzinga_article·
HK
02282
+0.31%
benzinga_article·
HK
02282
+0.31%
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