J.P. Morgan Chase released a report saying that although MGM China had a strong start in January, it will still maintain its original revenue growth forecast, and the EBITDA forecast for the current and next two years will each be raised by 5% to reflect the better results for the end of last year. The bank mentioned that the Group's EBITDA reached a record high of HK$2.19 billion at the end of last year, more than 40% higher than the pre-pandemic level, and more than the upper limit of market expectations. The bank raised the Group's target price from HK$15.5 to HK$17, with a rating of “increase in holdings”.
大行评级|摩根大通:上调美高梅中国目标价至17港元 评级“增持”
Bank Ratings | J.P. Morgan Chase: Raising MGM's China Target Price to HK$17 to “Increase Your Weights”
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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Risk Disclaimer
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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