Core Viewpoint - Morgan Stanley has upgraded its forecast for the Macau gaming industry for the third time in three months, indicating a positive outlook for the sector [1] Company Summaries - Galaxy Entertainment's target price has been raised from HKD 42 to HKD 53, maintaining an "Overweight" rating [1] - MGM China’s target price increased from HKD 15 to HKD 23, also with an "Overweight" rating [1] - Sands China’s target price has been adjusted from HKD 18 to HKD 24.5, retaining an "Overweight" rating [1] - SJM Holdings' target price rose from HKD 2.2 to HKD 3, with a "Neutral" rating [1] - Melco International's target price increased from HKD 2.6 to HKD 4.5, but the rating is "Underweight" [1] Industry Insights - The total gaming revenue (GGR) is projected to grow by 13% in the second half of 2025, with a 4% increase in the first half [1] - Strong cash flow is expected to drive EBITDA growth, with forecasts of a 12% increase in Q3 and a 16% increase in Q4, surpassing market expectations [1] - Continuous positive revisions and normalization of price-to-earnings multiples suggest a potential average stock price increase of approximately 35% for the industry [1]

Group 1 - The core viewpoint of the article highlights the overall increase in Hong Kong's gaming stocks, with specific companies like MGM China, Sands China, and Galaxy Entertainment showing notable gains [1] - Citigroup's research report indicates that the high-end gaming turnover in Macau rose by 5% year-on-year to 1.34 billion HKD in August, while the number of high-end players decreased by 5% to 624, suggesting a 10% increase in per capita betting amount to 21,543 HKD, marking four consecutive months of double-digit growth [1] - Galaxy Entertainment leads the market with approximately 34% share of high-end gaming turnover, followed by Sands China at about 23%, reflecting the appeal of the Capella Hotel and Eason Chan's concert to high rollers [1] Group 2 - The article notes that MGM China, Sands China, and Galaxy Entertainment have implemented various strategies and new betting options to attract customers [1] - The stock performance of several gaming companies is detailed, with MGM China up by 2.07%, Sands China by 1.96%, and Galaxy Entertainment by 1.16% [1] - The overall trend indicates a positive outlook for the gaming sector in Hong Kong, driven by increased spending from high-end gamblers despite a decline in their numbers [1]

Group 1 - On August 11, eight Hong Kong-listed companies conducted share buybacks, totaling 2.55 million shares and an amount of 47.82 million HKD [1][2] - The company with the highest buyback amount on that day was Hang Seng Bank, repurchasing 200,000 shares for 23.16 million HKD, with a year-to-date buyback total of 160 million HKD [1][2] - MGM China repurchased 1 million shares for 15.90 million HKD, with a year-to-date buyback total of 54.44 million HKD [1][2] Group 2 - VITASOY International repurchased 582,000 shares for 5.38 million HKD, with a year-to-date buyback total of 228 million HKD [1][2] - Other companies involved in buybacks included North Forest Holdings and Yuhua Group, with respective buyback amounts of 2.10 million HKD and 0.21 million HKD [1][2] - The buyback activity reflects a trend among companies to return capital to shareholders amid market conditions [1]

Group 1 - The article reports on share buybacks conducted by several companies on August 11, 2025, with Hang Seng Bank leading in terms of buyback amount and quantity [1] - Hang Seng Bank repurchased 200,000 shares for a total of HKD 23.156 million, representing 0.074% of its total share capital [2] - Other companies involved in the buybacks include MGM China, VITASOY, and others, with varying amounts and percentages of total share capital repurchased [2] Group 2 - MGM China repurchased 1,000,000 shares for HKD 15.902 million, accounting for 0.095% of its total share capital [2] - VITASOY repurchased 582,000 shares for HKD 5.3789 million, which is 2.277% of its total share capital [2] - Other notable buybacks include North Forest Holdings, Yuan Zheng Technology, and Youhe Group, each with specific amounts and percentages of their total share capital repurchased [2]

今年以来该股累计进行5次回购，合计回购400.22万股，累计回购金额5444.14万港元。（数据宝） 证券时报·数据宝统计，美高梅中国在港交所公告显示，8月11日以每股15.790港元至16.000港元的价格 回购100.00万股，回购金额达1590.19万港元。该股当日收盘价15.920港元，下跌1.24%，全天成交额 1.60亿港元。 自8月8日以来公司已连续2日进行回购，合计回购200.00万股，累计回购金额3226.40万港元。 其间该股 累计下跌8.08%。 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 美高梅中国回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.08.11 | 100.00 | 16.000 | 15.790 | 1590.19 | | 2025.08.08 | 100.00 | 16.580 | 16.110 | 1636.21 | | 2025.06.18 | 100.00 | 11.300 ...

Group 1 - MGM China repurchased 1,000,000 shares at an average price of HKD 15.90 per share, totaling approximately HKD 15.90 million, bringing the total repurchased shares for the year to 4,002,100, which represents 0.10% of the total share capital [1] - The stock price of MGM China closed at HKD 15.92 per share, reflecting a decline of 1.24% on the same day [1] - Share buybacks are typically a strategy employed by management when they believe the company's stock is undervalued, indicating confidence in the company's future development [1] Group 2 - MGM China is a publicly listed company in Hong Kong, primarily operating integrated resort hotels in Macau, and is a subsidiary of MGM International Hotel Group [2] - The company offers a range of services in Macau, including hotel accommodation, gaming entertainment, dining, shopping, and entertainment performances, and is a major player in the Macau gaming and tourism market [2] - MGM China's hotels are known for high-quality service, luxurious facilities, and a variety of entertainment options, contributing to the development of Macau's tourism industry [2]

格隆汇8月11日丨美高梅中国(02282.HK)公告，8月11日耗资1590万港元回购100万股。 ...

智通财经APP讯，美高梅中国(02282)公布，2025年8月11日耗资约1590.19万港元回购100万股股份。 ...

美高梅中国(02282)公布，2025年8月11日耗资约1590.19万港元回购100万股股份。 ...

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11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 | 佔有關事件前的現有已發 | 庫存股份變動 | 每股發行 ...