Glonghui, March 3, 丨 According to the Daimo Development Research Report, due to the current valuation and market share in the midmarket, Haobang's preferred stock was changed from Xinhao Boya (MLCO.US) to MGM China (2282.HK). The bank raised MGM China's rating to “increase holdings” in one fell swoop, with a target price of HK$13. The bank said that MGM China is the only operator in Macau that has seen an increase in the number of gaming tables under the new franchise, and its market share based on the number of gaming tables is expected to increase from 8% in 2019 to 13% this year. The bank believes the market share of the midmarket will increase from 10% in 2019 to 13% in 2024. The bank pointed out that MGM's market share in the Chinese midmarket continued to rise during the pandemic, while Boya City declined. More importantly, the bank's forecast for MGM China 2024 is 30% higher than the market, as the market is generally bearish on its ability to gain a higher market share next year. The bank's current preferences for Haotou Gaming stocks are MGM China, Xinhao Boya, Sands China (1928.HK), Bank Entertainment (0027.HK), Wynn Macau (1128.HK), and Macau (0880.HK) in that order.