Glonghui, May 11 | J.P. Morgan Chase released a research report saying that it gave MGM China an “increase” rating and raised the target price from HK$18 to HK$18.5. This valuation is based on a comprehensive approach, which predicts 12 to 13 times the value of the company this year's EBITDA, and is ranked as one of the top choices for Hao Gamble stocks. Following the announcement of first-quarter results, it raised its 2024-25 EBITDA forecast by 5% to reflect better-than-expected operating expenses control for the first quarter. The bank believes that, driven by changes in senior leadership, use of technology, and additional gambling tables, the company's share growth will be more sustainable than expected by the market, and is expected to increase by at least 5%. However, the company's stock performance has not kept up with the pace of earnings revisions.