CLSA: MGM China (02282.HK) Q3 property EBITDA beats expectations; maintains "Outperform" rating with target price of HK$13.8

Zhito Finance APP has learned that CLSA issued a research report stating it maintains a "Outperform" rating on MGM China (02282.HK) with a target price of HK$13.8. Benefiting from better-than-expected revenue market share, the company's property EBITDA in the third quarter increased by 1% year-on-year to HK$2.394 billion, 6% above both the market consensus and the bank's forecast. The bank estimates that the above-normal VIP room win rate contributed approximately HK$132 million to EBITDA.