Core Viewpoint - MGM China Holdings Limited (02282) announced a share repurchase plan, intending to buy back 1 million shares at an estimated cost of approximately HKD 16.36 million on August 8, 2025 [1] Company Summary - The company plans to execute the buyback of 1 million shares, reflecting a strategic move to enhance shareholder value [1] - The total expenditure for this repurchase is projected to be around HKD 16.36 million, indicating the company's commitment to returning capital to its shareholders [1]

Group 1 - MGM China announced a share buyback of 1 million shares at a cost of HKD 16.36 million on August 8 [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 美高梅中國控股有限公司(於開曼群島註冊成立的有限公司) 呈交日期： 2025年8月8日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02282 | 說明 | 普通股 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | 事件 | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | | | 已發行 ...

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling over 200 points, closing below 25,000 points, and the Hang Seng Technology Index dropping by 1.56% [1] - Major technology stocks saw a broad decline, with Alibaba down 2.4% and JD.com down 1.44% [2] Sector Performance - The semiconductor sector faced significant losses, with SMIC dropping over 8%, marking the worst performance in the sector [4] - Gaming stocks also fell sharply, with Wynn Macau down over 7% and MGM China down over 6% [6] - The paper industry saw declines, with Chenming Paper down over 8% [7] - Innovative drug stocks continued to decline, with Hutchison China MediTech down over 15% and Zai Lab down over 10% [8] Positive Performances - Gold stocks led gains in the metals sector, with Zhaojin Mining and Lingbao Gold both rising over 3% [3][10] - Heavy machinery stocks showed resilience, with Zhonglian Heavy Industry rising nearly 6% [3] - Cement stocks performed well, with Shanshui Cement up over 6% [9] - Wind power stocks also saw increases, with Goldwind Technology rising over 10% [11] Capital Flows - Southbound funds recorded a net inflow of 6.271 billion HKD, with the Shanghai-Hong Kong Stock Connect contributing 3.28 billion HKD and the Shenzhen-Hong Kong Stock Connect contributing 2.992 billion HKD [12] Future Outlook - Huatai Securities suggests that the recent pullback in the Hong Kong market is due to adjustments in expectations, but the medium-term liquidity remains accommodative. They recommend focusing on sectors with improving conditions and low valuations, particularly in technology [13]

智通财经8月8日讯(编辑 童古 汤赞淇)以下为各家机构对港股的最新评级和目标价： 里昂：维持中芯国际跑赢大市评级 目标价59.2港元 里昂就中芯国际(00981.HK)发布研报称，该公司二季度收入环比下跌1.7%至22.1亿美元，好于预期。毛 利率20.4%，高于18至20%的预期范围，净利润1.325亿美元，较市场预期低24%。预计三季度收入环比 增长至7%，以中位数6%增幅计，收入为23.4亿美元，较市场预期低1%。毛利率介于18至20%，中位数 19%，较预期低2.1%。 里昂：维持华虹半导体跑赢大市评级 升目标价至50.5港元 交银国际：维持百济神州买入评级 目标价225港元 交银国际就百济神州(06160.HK)发布研报称，公司2Q25业绩超预期，核心产品销售延续高增长，经营 层面进一步扩大盈利。百济神州作为中国创新药出海标杆，泽布替尼和替雷利珠全球销售持续亮眼， HER2双抗表现优异。公司2H25起进入催化剂密集兑现期，Bcl-2抑制剂和BTK CDAC等下一代创新管线 即将进入获批上市/注册性临床数据密集读出的关键节点，有望持续催化股价。 中金公司：维持美高梅中国优于大市评级 中金公司就美高梅中 ...

Market Overview - Hong Kong stock market opened lower and experienced fluctuations, with the Hang Seng Index down 0.66% to 24,916.15 points, the Hang Seng Tech Index down 0.99% to 5,491.66 points, and the National Enterprises Index down 0.61% to 8,926.67 points [1] - Major tech stocks showed weak performance, with Alibaba down 1.7%, Baidu and Tencent down over 1%, while Xiaomi, JD.com, and Meituan had declines within 0.7% [1] - Semiconductor stocks fell, with SMIC down over 5%, and other semiconductor companies also declining [1] - Gaming stocks led by MGM China and Wynn Macau fell after earnings reports, while paper stocks corrected after a recent rally [1] - Gold stocks rose as gold prices hit a record high, with companies like Zhaojin Mining and Zijin Mining increasing over 2% [1] - Heavy machinery stocks rose, with excavator sales in July up over 25% year-on-year, and China Zhongche rising over 6% [1] Company News - China Mobile reported revenue of 543.8 billion yuan, with communication service revenue at 467 billion yuan, a year-on-year increase of 0.7%, and net profit of 84.2 billion yuan, up 5% [2] - SMIC's sales revenue for the first half was $4.46 billion, a 22% year-on-year increase, but a 1.7% quarter-on-quarter decline in Q2 [2] - Hua Hong Semiconductor reported Q2 sales revenue of $566 million, an 18.3% year-on-year increase, with net profit of $8 million, up 19.2% [2] - MGM China reported revenue of approximately 16.66 billion HKD, a 2.73% year-on-year increase, but net profit decreased by 11.25% to 2.38 billion HKD [2] - Innovent Biologics reported total product revenue exceeding 5.2 billion yuan, a year-on-year increase of over 35%, with Q2 product revenue exceeding 2.7 billion yuan, up over 30% [2] - Pacific Basin Shipping reported revenue of approximately $1.02 billion, a year-on-year decrease of 21%, with net profit down 56% to $25.6 million [2] Additional Company Insights - Asia Cement reported revenue of 2.496 billion yuan, a year-on-year decrease of 7.2%, but net profit turned positive at 114 million yuan [3] - Zai Lab reported total revenue of approximately $216 million, a 15.35% year-on-year increase, with net loss narrowing by 33.33% to $89.165 million [3] - Huadian International Power reported a cumulative power generation of approximately 120 million MWh, a year-on-year decrease of about 6.41% [4] - Longyuan Power reported cumulative power generation of 45.9812 million MWh in the first seven months, a year-on-year decrease of 0.6% [5] - Dongfeng Group issued a profit warning, expecting a 90% to 95% decline in net profit for the interim period [7] Industry Insights - CITIC Securities noted an increase in confidence in certain sub-sectors, with earnings expectations being revised upward ahead of earnings reports, particularly in new energy vehicles, semiconductors, and consumer electronics [8] - Haitong International highlighted that Hong Kong tech and consumer assets align well with current industry trends, potentially attracting continued inflows from the mainland [9] - Zhongtai International observed a marginal slowdown in manufacturing and non-manufacturing sectors, indicating ongoing economic recovery but with fluctuations [9]

美高梅中国(2282.HK)盘中一度大跌12%，报15.23港元，截至目前成交1.8亿港元。 美高梅中国公布，截至今年6月底止，中期盈利23.83亿港元，同比下跌11.25%，每股盈利62.8仙，派中期息0.313港元。期内，经营收益166.61亿港元，创 历史新高，同比升2.73%；娱乐场收益145.97亿港元，增加3.07%。 公司表示，盈利下跌主要是由于经营成本与开支上升，以及由美元计值的优先票据所产生的净汇兑亏损增加所致。 ...

本文源自：智通财经网 东吴证券国际此前指出，东家博彩企业均有新物业陆续投入运营（银河娱乐的嘉佩乐、金沙中国的伦敦 人二期等），行业竞争趋于激烈，多家博彩企业回赠比例均有所提升。我们测算金沙中国2Q25 回赠比 例环比提升0.4pct至21.5%，美高梅中国2Q25回赠比例环比提升1.8pct至22.4%。 智通财经获悉，美高梅中国(02282)绩后重挫12%，截至发稿，跌7.22%，报16.07港元，成交额6126.65 万港元。 消息面上，美高梅中国公布中期业绩，经营收益约166.61亿港元，同比增长2.73%；公司拥有人应占期 间利润23.83亿港元，同比减少11.25%；基本每股盈利62.8港仙，中期股息每股0.313港元。净利减少是 由于经营成本与开支上升，以及由美元计值的优先票据所产生的净汇䫕亏损增加所致。 ...

智通财经APP获悉，美高梅中国(02282)绩后重挫12%，截至发稿，跌7.22%，报16.07港元，成交额 6126.65万港元。 消息面上，美高梅中国公布中期业绩，经营收益约166.61亿港元，同比增长2.73%；公司拥有人应占期 间利润23.83亿港元，同比减少11.25%；基本每股盈利62.8港仙，中期股息每股0.313港元。净利减少是 由于经营成本与开支上升，以及由美元计值的优先票据所产生的净汇䫕亏损增加所致。 东吴证券国际此前指出，东家博彩企业均有新物业陆续投入运营（银河娱乐的嘉佩乐、金沙中国的伦敦 人二期等），行业竞争趋于激烈，多家博彩企业回赠比例均有所提升。我们测算金沙中国2Q25 回赠比 例环比提升0.4pct至21.5%，美高梅中国2Q25回赠比例环比提升1.8pct至22.4%。 ...

Group 1 - MGM China Holdings Limited (02282) experienced a significant decline of 12% post-earnings announcement, with a current drop of 7.22% to HKD 16.07, and a trading volume of HKD 61.27 million [1] - The company reported interim results with operating revenue of approximately HKD 16.66 billion, reflecting a year-on-year growth of 2.73%. However, profit attributable to shareholders decreased by 11.25% to HKD 2.38 billion [1] - Basic earnings per share were HKD 0.628, and the interim dividend declared was HKD 0.313 per share. The decline in net profit was attributed to rising operating costs and increased net exchange losses from USD-denominated senior notes [1] Group 2 - East Wu Securities International noted that the competition in the gaming industry is intensifying, with new properties from major gaming companies like Galaxy Entertainment and Sands China coming online [1] - The rebate ratio for Sands China in Q2 2025 increased by 0.4 percentage points to 21.5%, while MGM China's rebate ratio rose by 1.8 percentage points to 22.4% in the same period [1]