CLSA: Maintains MGM China (02282.HK) "Outperform" rating and HK$13.8 target price; Q3 property EBITDA 6% above expectations

Zhitong Finance APP has learned that CLSA issued a research report stating that it maintains a "Outperform" rating and a target price of HK$13.8 for MGM China (02282.HK). The company's property EBITDA in the third quarter increased by 1% year-on-year to RMB 2.394 billion, 6% higher than market and the bank's forecasts. The bank believes that the results were driven by an above-normal VIP room win rate, which brought an additional contribution of approximately RMB 132 million to EBITDA; the mass market win rate remained at 27.7% quarter-on-quarter.