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<Research>CLSA: MGM CHINA (02282.HK) TP Dropped to $20.9 on Higher Licensing Fee Payable to Parent Co.
Recommend 10 Positive 21 Negative 16 |
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MGM CHINA (02282.HK) will increase the licensing fee payable to its parent company, MGM Resorts International (MGM.US), to 3.5% starting from 2026, higher than WYNN MACAU (01128.HK) at 3% and SANDS CHINA LTD (01928.HK) at 1.5%, according to CLSA's research report. Meanwhile, the broker dropped its target price for MGM CHINA from $22.6 to $20.9, with rating kept at Outperform. Its top picks for the industry are GALAXY ENT (00027.HK) and MGM CHINA due to their strong cash flow and balance sheets, which allow the companies to raise dividends at their discretion. AASTOCKS Financial News Website: www.aastocks.com |
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