瑞银发布研报称，对澳门博彩业明年前景看法正面，预期需求将保持强韧，丰富的旅游产品、市场推广 增加及客户基础更多元化均将支持行业增长，特别看好高端需求，将今明两年澳门博彩总收入增长预测 由8%及5%，提升至9%及6%，并预期博彩营运商EBITDA可增长约1%及7%。瑞银预期明年濠赌股竞争 格局将维持稳定，当中高端博彩营运商份可持续取得市场份额，目前行业首选股为银河娱乐(00027)、 永利澳门(01128)及美高梅中国(02282)。 ...

智通财经APP获悉，瑞银发布研报称，对澳门博彩业明年前景看法正面，预期需求将保持强韧，丰富的 旅游产品、市场推广增加及客户基础更多元化均将支持行业增长，特别看好高端需求，将今明两年澳门 博彩总收入增长预测由8%及5%，提升至9%及6%，并预期博彩营运商EBITDA可增长约1%及7%。瑞银 预期明年濠赌股竞争格局将维持稳定，当中高端博彩营运商份可持续取得市场份额，目前行业首选股为 银河娱乐(00027)、永利澳门(01128)及美高梅中国(02282)。 ...

Core Viewpoint - UBS has a positive outlook on the Macau gaming industry for the next year, expecting demand to remain robust due to a rich array of tourism products, increased market promotion, and a more diversified customer base [1] Group 1: Industry Growth Projections - The total gaming revenue growth forecast for Macau has been raised from 8% and 5% to 9% and 6% for the next two years [1] - EBITDA for gaming operators is expected to grow by approximately 1% and 7% in the coming years [1] Group 2: Competitive Landscape - The competitive landscape for gaming stocks in Macau is expected to remain stable next year, with high-end gaming operators likely to sustainably gain market share [1] - The preferred stocks in the industry currently include Galaxy Entertainment, Wynn Macau, and MGM China [1]

Core Points - MGM China has been actively repurchasing its shares, with a total of 71.33 thousand shares bought back over three consecutive days starting from December 1, amounting to 1.18944 million HKD [2] - The stock price of MGM China has shown a cumulative increase of 2.72% during the same period [2] - Year-to-date, the company has conducted 40 share repurchase transactions, totaling 30.1386 million shares and an aggregate repurchase amount of 47.2 million HKD [3] Repurchase Details - On December 3, 2025, MGM China repurchased 23.20 thousand shares at a price range of 16.710 to 16.960 HKD, with a total expenditure of 391.41 thousand HKD [2] - The highest and lowest prices for the shares repurchased on December 2 and December 1 were 16.830 HKD and 16.650 HKD, and 16.590 HKD and 16.440 HKD, respectively [3] - The detailed repurchase history shows consistent activity, with significant repurchases occurring throughout the year, including a notable transaction of 100 thousand shares on multiple occasions [4]

Core Viewpoint - MGM China Holdings Limited (02282.HK) announced a share buyback on December 3, 2023, spending HKD 3.914 million to repurchase 232,000 shares at a price range of HKD 16.71 to HKD 16.96 per share [1] Summary by Relevant Sections Share Buyback Activity - On December 3, 2023, MGM China repurchased 232,000 shares for a total cost of HKD 3.914 million [1] - The buyback price per share ranged from HKD 16.71 to HKD 16.96 [1] - On December 2, 2023, the company also repurchased 100,000 shares for HKD 1.706 million [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12月3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 | 每股發行/出售價 (註4) | ...

Group 1 - The core viewpoint of the article is that the Macau gaming industry is experiencing a strong recovery, with total revenue reaching 21.1 billion MOP in November, a year-on-year increase of 14%, and recovering to 92% of pre-pandemic levels, marking the best recovery since the pandemic [1] - Morgan Stanley expects December gaming revenue to increase by over 15% year-on-year, with potential for growth exceeding 20%, indicating a robust fourth quarter for the Macau gaming sector [1] - The report highlights that the gaming sector's valuation has significant upside potential due to improved earnings visibility and an expanding investor base [1] Group 2 - The investment ranking provided by Morgan Stanley is as follows: Sands China (01928) and Galaxy Entertainment (00027) are favored over Wynn Macau (01128) and MGM China (02282), followed by Melco Resorts (MLCO.US), SJM Holdings (00880), and New World Development (00200) [1] - The firm anticipates that Sands China may double its dividend per share in February, while MGM China might increase its payout ratio in March, reflecting operators' strong confidence in sustainable profit and cash flow growth [1] - The growth momentum in the gaming sector is expected to continue into the first quarter of next year, benefiting from a low base effect [1]

Core Viewpoint - Multiple companies conducted share buybacks on December 2, 2025, with Tencent Holdings leading in both volume and monetary value [1] Group 1: Buyback Details - Tencent Holdings (00700) repurchased 1.028 million shares for a total of 636 million [2] - Xiaomi Group-W (01810) repurchased 2.5 million shares for a total of 102 million [2] - COSCO Shipping Holdings (01919) repurchased 3 million shares for a total of 41.053 million [2] - China Feihe (06186) repurchased 4 million shares for a total of 16.74 million [2] - Gushengtang (02273) repurchased 378,400 shares for a total of 10.9452 million [2] Group 2: Cumulative Buyback Data - Tencent Holdings has a cumulative buyback of 82.018 million shares, representing 0.893% of its total share capital [2] - Xiaomi Group-W has a cumulative buyback of 78.2954 million shares, representing 0.300% of its total share capital [2] - COSCO Shipping Holdings has a cumulative buyback of 60.543 million shares, representing 2.102% of its total share capital [2] - China Feihe has a cumulative buyback of 195 million shares, representing 2.149% of its total share capital [2] - Gushengtang has a cumulative buyback of 10.4139 million shares, representing 4.395% of its total share capital [2] Group 3: Other Notable Buybacks - Other companies such as Kingsoft (03888), Fuhua Group (02038), and Weigao Group (01066) also participated in the buyback activities, with varying amounts and percentages of total shares repurchased [2][3] - The buyback activities reflect a trend among companies to return capital to shareholders amid market conditions [1]

Core Viewpoint - MGM China Holdings Limited (02282) announced a share buyback plan, indicating confidence in its stock value and future prospects [1] Group 1: Share Buyback Details - The company will repurchase 101,300 shares at a total cost of HKD 1.7057 million [1] - The buyback price per share ranges from HKD 16.65 to HKD 16.83 [1]

Group 1 - MGM China announced a share buyback on December 2, spending HKD 1.706 million to repurchase 100,000 shares [1] - The buyback price ranged from HKD 16.65 to HKD 16.83 per share [1]