Professional
Added to YB: 2024-10-30
Pitch date: 2024-09-30
2282.HK [bullish]
MGM China Holdings Limited
+35.65%
current return
Author Info
No bio for this author
Company Info
MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region.
Market Cap
HKD 60.8B
Pitch Price
HKD 12.03
Price Target
N/A
Dividend
3.77%
EV/EBITDA
9.75
P/E
13.27
EV/Sales
2.51
Sector
Hotels, Restaurants and Leisure
Category
value
Artisan Mid Cap Value New Position: MGM China Holdings Limited
2282.HK: MGM China, 56% owned by MGM, operates casinos in Macau. Parent MGM also in Las Vegas, US regions, and BetMGM JV for online betting. High-teens ROE, consistent FCF used for buybacks. Stock dipped on BetMGM losses, F1 booking concerns, China macro. Trades at 13x FY1 earnings despite healthy Las Vegas and Macau results.
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