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<Research>G Sachs Keeps Rating at Buy on MGM CHINA (02282.HK), Considers Recent Shr Price Correction Overdone
Recommend 7 Positive 12 Negative 7 |
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After recent communication with MGM CHINA (02282.HK)'s management, investors are mainly concerned about the increased royalty fee ratio paid to the US parent company, fearing potential impacts on the Group's EBITDA/ free cash flow, as well as the latest business developments and GGR market share performance from November to December 2025, Goldman Sachs published a research report saying. Following the announcement of the royalty fee-related news, MGM CHINA's share price dipped by about 19%, with valuation levels dropping to a projected PE ratio of around 8x for FY2026, compared to the industry average of 11-12x. The broker considered the current price level attractive, and believed that the recent stock price correction seems somewhat overdone, with rating kept at Buy and a target price of $18.4. AASTOCKS Financial News Website: www.aastocks.com |
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