Core Viewpoint - Citigroup's research report indicates that MGM China achieved a record high EBITDA of HKD 25.11 billion in Q2 2025, with a market share of 16.6% and an EBITDA margin of 29%, aligning with management's guidance [1] Group 1: Financial Performance - MGM China's EBITDA reached HKD 25.11 billion in Q2 2025, marking a historical high [1] - The EBITDA margin stood at 29%, consistent with management's expectations [1] - The company maintained a market share of 16.6% during this period [1] Group 2: Competitive Position - Citigroup believes MGM China's performance reflects its competitiveness and prudent spending, particularly in player reinvestment [1] - Despite new product launches from competitors like Sands China's Londoner and Galaxy's Capella hotel, MGM China continues to show strong business momentum [1] Group 3: Future Outlook - Management indicated that business momentum remained strong as of July 2025, with all business segments recording robust transaction volumes [1] - Citigroup anticipates that new suites and villas opening from July 2025 to mid-2026 will help MGM China maintain its market share [1] Group 4: Stock Valuation - Citigroup raised MGM China's target price from HKD 17.1 to HKD 18 while maintaining a "Buy" rating [1] - Despite recent stock price increases, Citigroup considers the stock's valuation attractive, with a 2026 fiscal year EBITDA multiple of 8.3 times, which is more than one standard deviation below the average [1] - The stock offers an approximate 4% dividend yield based on a 50% payout ratio [1]

Group 1 - The core viewpoint of the article highlights the upward trend of Hong Kong gaming stocks, particularly MGM China, which saw a more than 4% increase after its earnings report, reaching a new high for the period [1] - Macquarie has raised its forecast for Macau's total gaming revenue in 2025 by 5% to 235.7 billion, indicating a year-on-year growth of 4% [1] - Following a strong second quarter, Macquarie expects Macau's gaming business to remain robust in the third quarter, supported by the upcoming openings of high-end hotels and elite events [1] Group 2 - Specific stock performance includes MGM China with a 4.1% increase, SJM Holdings up 1.5%, Sands China rising 1.4%, and Galaxy Entertainment gaining 0.5% [1] - MGM China's adjusted EBITDA for the second quarter grew by 2.8% year-on-year to 2.511 billion, with a quarter-on-quarter increase of 6.1%, marking a quarterly record [1] - During the period, MGM China's gaming revenue reached 977 million, reflecting a 10% year-on-year growth, with the overall market share at 16.6%, and specific shares for MGM Macau and MGM Cotai at approximately 6.2% and 10.5% respectively [1]

Core Viewpoint - MGM China Holdings Limited (02282) experienced a stock price increase of over 5%, reaching HKD 16.44 with a trading volume of HKD 81.31 million [1] Financial Performance - For the second quarter ending June 30, total revenue was HKD 8.667 billion, representing a year-on-year growth of 8.89% [1] - For the first half of the year, total revenue reached HKD 16.661 billion, showing a year-on-year increase of 2.73% [1] - The adjusted EBITDA for the second quarter was HKD 2.511 billion, marking a year-on-year increase of 2.79%, achieving a record high [1] - For the first half of the year, adjusted EBITDA was HKD 4.879 billion, reflecting a year-on-year decline of 1.39% [1]

消息面上，美高梅中国公布，根据国际财务报告准则，截至今年6月30日止第2季度，总收益为86.67亿 港元，同比增长8.89%；上半年总收益为166.61亿元，同比增长2.73%。第2季公司的经调整EBITDA为 25.11亿元，同比增长2.79%，创新高；上半年经调整EBITDA为48.79亿元，同比下跌1.39%。 智通财经APP获悉，美高梅中国(02282)涨超5%，截至发稿，涨5.38%，报16.44港元，成交额8131.04万 港元。 ...

Core Viewpoint - MGM China Holdings Limited reported an increase in total revenue and adjusted EBITDA for the three months ending June 30, 2025, compared to the same period last year, indicating a positive growth trend in the company's financial performance [1] Financial Performance Summary - For the three months ending June 30, 2025, total revenue reached HKD 8.667 billion, representing an 8.89% year-on-year increase [1] - Adjusted EBITDA for the same period was HKD 2.511 billion, showing a 2.79% year-on-year increase [1] - For the six months ending June 30, 2025, total revenue was HKD 16.661 billion, which is a 2.73% year-on-year increase [1] - Adjusted EBITDA for the six-month period was HKD 4.879 billion, reflecting a 1.39% year-on-year decrease [1]

Group 1 - The core viewpoint of the article is that MGM China Holdings Limited reported an increase in total revenue and adjusted EBITDA for the three months ending June 30, 2025, compared to the same period last year [1] - For the three months ending June 30, 2025, total revenue reached HKD 8.667 billion, representing an increase of 8.89% year-on-year [1] - The adjusted EBITDA for the same period was HKD 2.511 billion, showing a year-on-year increase of 2.79% [1] Group 2 - For the six months ending June 30, 2025, total revenue amounted to HKD 16.661 billion, which is a year-on-year increase of 2.73% [1] - The adjusted EBITDA for the six-month period was HKD 4.879 billion, reflecting a year-on-year decrease of 1.39% [1]

2282 6028, 40634, 5036 內幕消息 我們的控股股東 美高梅國際酒店集團業績 2025年財政年第二季度及上半年 表格10-Q季度報告 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7月30日（紐約時間下午4時30分）或前 後公佈其2025年財政年第二季度及上半年的未經審核季度報告。 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 本公告乃美高梅中國控股有限公司（「美高梅中國」）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（「香港聯交所」）證券上市規則第13.09及 37.47B條刊發。 承董事會命 美高梅中國控股有限公司 公司秘書 Antonio MENANO 香港，2025年7月31日 截至本公告刊發日期， ...

2282 6028, 40634, 5036 內幕消息 我們的控股股東美高梅國際酒店集團 2025年財政年第二季度及上半年的未經審核業績 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7月30日（紐約時間下午4時15分）或前 後公佈其2025年財政年第二季度及上半年的未經審核業績，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。 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 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聯合交易所有限公司（「香港聯交所」）證券上市規則 第13.09及37.47B條刊發。 美高梅中國的控股股東美高梅國際酒店集團是一家在美國紐約證 ...

2282 董事會會議召開日期 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（「本公司」）董事會（「董事會」）謹此宣佈將於2025年8月7日（星期 四）舉行董事會會議，藉以（其中包括）考慮及批准本公司及其附屬公司截至2025年6月30 日止六個月之中期業績及其發佈，以及宣派股息（如有）。 承董事會命 美高梅中國控股有限公司 公司秘書 Antonio MENANO 香港，2025年7月28日 截至本公告刊發日期，本公司的董事如下：何超瓊、William Joseph HORNBUCKLE、 John M. MCMANUS、劉珍伲及馮小峰為執行董事；Daniel J. TAYLOR、Ayesha Khanna MOLINO及Jonathan S. HALKYARD為非執行董事；及黃林詩韻、Russell Francis BANHAM、孟生及劉志敏為獨立非執行董事。 ...

FF305 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6月24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 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | ...