The Zhitong Finance App learned that Lyon released a research report stating that it maintained the “outperforming market” rating of Australian Expo Holdings (00880) and raised the target price from HK$2.6 to HK$3.1. Following good results in the first quarter of 2024, the bank raised non-gaming revenue forecasts and profit margin assumptions for Grand Lisboa and Upper Lisboa, and raised earnings before interest, taxes, depreciation and amortization (EBITDA) of 9% and 3% for 2024 and 2025, respectively, indicating that profit margins are resilient. However, the bank still needs to wait patiently for Lisboa's market share target to reach 5%.