Changes in Hong Kong stocks | MGM China (02282) rose more than 3%, third-quarter gambling revenue was superior to market performance, parent company withdrew privatization offer to eliminate uncertainties

The Zhitong Finance App learned that MGM China (02282) rose more than 3%. As of press release, it had risen 2.99% to HK$9.975, with a turnover of HK$270,182 million.

According to the news, HSBC Research released a research report saying that MGM China's gambling revenue increased by about 3% quarterly in the third quarter of 2026, which is superior to market performance. According to the report, although daily operating expenses rose slightly from 3.4 million US dollars to 3.5 million US dollars on a quarterly basis, the company's profit margin remained stable, indicating its strong execution ability and cost discipline.

HSBC research predicts that MGM's lounge business in China will fluctuate, but high-end, high-quality midmarket will continue to drive the company's business growth. The bank believes that MGM China will continue to hand over more resilient performance, and the valuation is also attractive. The parent company's withdrawal of the privatization offer also dispelled the market's concerns and uncertainties about MGM China.