花旗此前预计，公司将在3月中旬派发末期息，维持50%派息比率，意味股息率约6%，可为投资者在短期下行风险提供保障。公司在发布业绩后宣布，批准公司股息政策，拟每年作出总额不超过公司预期综合年度利润50%的半年度分派。MGM CHINA (02282) fell over 6% after the results were released. As of the time of this report, it has dropped 5.72% to 10.88 Hong Kong dollars, with a transaction amount of 64.5365 million Hong Kong dollars.
According to Zhito Finance APP, MGM CHINA (02282) has fallen over 6%, as of the time of writing, down 5.72%, priced at 10.88 HKD, with a transaction volume of 64.5365 million HKD.
In terms of news, MGM CHINA announced its annual performance for 2024, achieving an operating income of 31.387 billion HKD during the period, an increase of 27.15% year-on-year; profit attributable to shareholders was 4.603 billion HKD, an increase of 74.48% year-on-year. The basic EPS is 1.21 HKD, with a final dividend of 0.251 HKD per share, resulting in a payout ratio of approximately 20.7%.
Citi previously expected the company to distribute the final dividend in mid-March, maintaining a 50% payout ratio, which implies a dividend yield of around 6%, providing security for investors against short-term downside risks. After the earnings release, the company announced the approval of its dividend policy, intending to make a semi-annual distribution not exceeding 50% of the company's expected consolidated annual profit.
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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