MGM CHINA HOLDINGS LIMITED 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 ） （股份代號：2282及債務股份代號：6028, 40634, 5036） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示不會就因本公告全部或任何部分內容而 產生或因依賴該等內容而引致的任何損失承擔任何責任。 美高梅國際酒店集團已根據適用於在紐約證券交易所上市的公司的持續披露責任向美國 證券交易委員會（「美國證交會」）就其未經審核季度報告（包括季度財務資料及表格10-Q 規定的若干營運統計數據）存檔。是次存檔包括有關美高梅中國及其附屬公司（「我們」 或「本集團」）業務的分類財務資料。公眾人士可於公開網頁查閱有關存檔資料。 美高梅國際酒店集團已於2025年10月29日（紐約時間下午4時30分）或前後公佈其截至 2025年9月30日止第三季度及九個月的未經審核季度報告（「季度報告」）。為確保美高梅 中國全體股東及潛在投資者均同樣及適時取得有關本集團的資料，閣下如欲查閱由美高 梅國際酒 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示不會就因本公告全部或任何部分內容而 產生或因依賴該等內容而引致的任何損失承擔任何責任。 MGM CHINA HOLDINGS LIMITED 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 ） （股份代號：2282及債務股份代號：6028, 40634, 5036） 內幕消息 我們的控股股東美高梅國際酒店集團 截至2025年9月30日止第三季度的未經審核業績 本公告乃根據證券及期貨條例（第571章）第XIVA部內幕消息條文及香港聯合交易所 有限公司證券上市規則第13.09及37.47B條刊發。 我們的控股股東美高梅國際酒店集團已於2025年10月29日（紐約時間下午4時15分） 或前後公佈其截至2025年9月30日止第三季度的未經審核業績，其中包括根據美國公 認會計原則編製及呈列的美高梅中國控股有限公司財務資料。 本公告乃美高梅中國控股有限公司（「美高梅中國」或「本公司」）根據證券及期貨條例（第 571章）第XIVA部內幕消息條文及香港 ...

Group 1 - The core viewpoint of the article highlights the continued rebound of Hong Kong gaming stocks, with significant gains observed in companies such as Sands China and Galaxy Entertainment [1] - The Macao Gaming Inspection and Coordination Bureau reported that the lucky gaming revenue for Q3 this year reached 62.57 billion Macao Patacas, marking a 12.53% increase compared to 55.602 billion Patacas in the same period last year, and a 2.4% quarter-on-quarter rise [1] - According to a report from Credit Lyonnais, the growth in industrial profits in mainland China is expected to sustain the growth of Macao's gaming revenue, with investors favoring high-quality enterprises [1] Group 2 - The gaming sector is currently trading at an enterprise value to EBITDA (EV/EBITDA) multiple of 9.4 times for 2026, which is below the normalized range of 11 to 12 times for the sector in Macao [1] - Credit Lyonnais maintains its existing forecasts and ratings, identifying Galaxy Entertainment and MGM China as preferred stocks within the sector [1] - The article lists the latest stock prices and percentage changes for various gaming companies, with Sands China up 4.11%, Galaxy Entertainment up 3.37%, and others showing modest gains [1]

Group 1 - Morgan Stanley raised its year-end targets for the MSCI Hong Kong Index (MXHK) to 13,000 and 14,000 points, with potential targets for 2026 of 14,366, 15,522, and 16,679 points, indicating potential increases of 8%, 16%, and 25% respectively [1] - The recovery trend in Hong Kong has been significant since 2023, with strong financial market performance and a stabilizing residential property market, making valuations attractive compared to historical levels and other markets [1] - Morgan Stanley maintains a positive outlook for Hong Kong for the next year, favoring stocks such as Hong Kong Exchanges and Clearing (00388), Futu Holdings (FUTU.US), Galaxy Entertainment (00027), MGM China (02282), Techtronic Industries (00669), China State Construction International (03311), Henderson Land Development (00012), and MTR Corporation (00066) [1] Group 2 - Year-to-date, the MSCI Hong Kong Index (MXHK) has returned 26% in USD terms, and its forecasted P/E ratio remains 0.3 standard deviations below the 10-year average, making Hong Kong the cheapest market in the Asia-Pacific region, excluding ASEAN [2]

Core Viewpoint - Morgan Stanley reports that the MSCI Hong Kong Index (MXHK) has returned 26% in USD terms year-to-date, indicating that Hong Kong remains one of the cheapest markets in the Asia-Pacific region, excluding ASEAN, with a forecasted P/E ratio still 0.3 standard deviations below the 10-year average [1] Group 1: Market Performance - The MXHK index's year-to-date return of 26% highlights a significant recovery trend in Hong Kong since 2023 [1] - The financial market performance in Hong Kong has been strong, and the residential property market is stabilizing [1] Group 2: Valuation and Forecast - Morgan Stanley has raised its year-end targets for MXHK to 13,000 and 14,000 points, assuming the index maintains or increases its P/E ratio relative to the past 10 years [1] - Potential targets for the end of 2026 are set at 14,366, 15,522, and 16,679 points, representing potential increases of 8%, 16%, and 25% respectively [1] Group 3: Investment Recommendations - The firm maintains a positive outlook for Hong Kong, expecting continued capital inflows, and has upgraded the telecommunications services sector to "overweight" [1] - Preferred stocks include Hong Kong Exchanges and Clearing (00388), Futu Holdings (FUTU.US), Galaxy Entertainment (00027), MGM China (02282), Techtronic Industries (00669), China State Construction International (03311), Henderson Land Development (00012), and MTR Corporation (00066) [1]

每经AI快讯，美高梅中国(02282.HK)午后涨超5%，截至发稿，涨5.02%，报15.05港元，成交额8737.16 万港元。 ...

Core Viewpoint - MGM China (02282) shares rose over 5%, reaching HKD 15.05, with a trading volume of HKD 87.37 million, driven by positive industry forecasts and analyst upgrades [1] Group 1: Industry Outlook - Citigroup forecasts a 7% year-on-year increase in EBITDA for the Macau gaming operators in Q3, with MGM China expected to achieve a 13% year-on-year growth [1] - The anticipated higher EBITDA growth for MGM China compared to the industry may provide positive stock momentum ahead of the company's earnings announcement on October 30 [1] Group 2: Analyst Ratings and Price Targets - Citigroup maintains a "Buy" rating for MGM China, setting a target price of HKD 19, and includes it in the positive catalyst watchlist for October 30 [1] - Credit Lyonnais believes MGM China has revaluation potential, noting that its 2026 EV/EBITDA and P/E multiples remain low among six Macau gaming companies [1] - Following an assessment of market share, profit margins, return on capital, and dividend growth, Credit Lyonnais raised its target price for MGM China from HKD 18.3 to HKD 22.7, maintaining an "Outperform" rating [1]

里昂则表示，认为美高梅中国具备重估潜力，其2026年EV/EBITDA及市盈率倍数在六家持有澳门博彩 企业中仍处于低位。经评估市场份额、利润率、资本回报率及股息派付率增长等前瞻性指标后，该行认 为重估具有合理性。目标价由18.3港元调升至22.7港元。维持"跑赢大市"评级。 花旗发表报告称，预计澳门娱乐场营运商第三季行业EBITDA同比升约7%，当中，美高梅中国料将录得 13%按年增长。该行相信，美高梅中国EBITDA潜在高于行业的增长可能在公司公布业绩前(10月30日) 转化为正面的股价动力。花旗予其"买入"评级，目标价19元，并列入30日正面催化观察名单。 智通财经APP获悉，美高梅中国(02282)午后涨超5%，截至发稿，涨5.02%，报15.05港元，成交额 8737.16万港元。 ...

Core Viewpoint - Recent roadshow in Tokyo highlighted investor confidence in the view that China's industrial profit growth will continue to drive Macau's gaming revenue [1] Group 1: Industry Insights - Many investors agree with the perspective that the growth in China's industrial profits will positively impact Macau's gaming revenue [1] - The gaming sector is currently trading at an enterprise value to EBITDA (EV/EBITDA) multiple of 9.4 times for 2026, which is below the "new normal" range of 11 to 12 times set by the firm [1] Group 2: Company Preferences - The firm maintains its existing forecasts and ratings, with Galaxy Entertainment (00027) and MGM China (02282) being the preferred stocks in the sector [1]

智通财经APP获悉，里昂发布研报称，美高梅中国(02282)具备重估潜力，其2026年EV/EBITDA及市盈 率倍数在六家持有澳门博企中仍处于低位。经评估市场份额、利润率、资本回报率及股息派付率增长等 前瞻性指标后，该行认为重估具有合理性。里昂指，美高梅中国现价相当于7.7倍2026年EV/EBITDA， 较同业平均值低15%。该行将目标EV/EBITDA倍数由8.8倍上调至10.6倍，较长期均值低0.5个标准差， 目标价由18.3港元调升至22.7港元。维持跑赢大市评级。 ...