The Zhitong Finance App learned that J.P. Morgan Chase released a research report stating that it “increased” the rating for MGM China (02282), and the target price was raised from HK$15.5 to HK$17. Despite a strong start in January, the company will maintain its original revenue growth forecast, and the EBITDA forecast for the current year and next two years will each be raised by 5% to reflect that the results for the last quarter of last year beat expectations. The bank mentioned that the Group's EBITDA reached a record high of 2.19 billion yuan at the end of last year, more than 40% higher than the pre-epidemic level, and more than the upper limit of market expectations.