Citigroup Reaffirms "Buy" Rating for MGM CHINA with HK$18.25 Target Price

Stock News

02/06

Citigroup has maintained its "Buy" rating and HK$18.25 target price for MGM CHINA (02282). The company achieved a record quarterly EBITDA of RMB 27.53 billion in the fourth quarter of 2025. MGM CHINA concluded the 2025 fiscal year with annual EBITDA exceeding RMB 100 billion and a market share of over 16%. More notably, its EBITDA margin improved from 26.8% in Q4 2024 to 28.6% in Q4 2025, indicating effective operational cost control. Looking ahead to the Lunar New Year, management reported no signs of a pre-holiday slowdown, with optimistic booking trends. The waiting list for MGM CHINA's premium hotel products has grown significantly. New suite projects scheduled to open between July 2025 and mid-2026 are expected to help the company maintain its market share.

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The company achieved a record quarterly EBITDA of RMB 27.53 billion in the fourth quarter of 2025. MGM CHINA concluded the 2025 fiscal year with annual EBITDA exceeding RMB 100 billion and a market share of over 16%. More notably, its EBITDA margin improved from 26.8% in Q4 2024 to 28.6% in Q4 2025, indicating effective operational cost control. Looking ahead to the Lunar New Year, management reported no signs of a pre-holiday slowdown, with optimistic booking trends. The waiting list for MGM CHINA's premium hotel products has grown significantly. New suite projects scheduled to open between July 2025 and mid-2026 are expected to help the company maintain its market share.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0648001328.SGD","symbol_name":"Natixis Harris Associates US Equity RA SGD","start_time":0,"source_url":"","article_id":"1112331295","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112331295","pubTimestamp":1770370230,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Citigroup has maintained its \"Buy\" rating and HK$18.25 target price for MGM CHINA (02282). The company achieved a record quarterly EBITDA of RMB 27.53 billion in the fourth quarter of 2025. 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