Professional
Added to YB: 2024-11-15
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
dividend
Artisan Value Income Fund New Position: MGM China Holdings Limited
2282.HK (new position): MGM China Q2 strong: 37% gaming rev growth, margin expansion, high FCF. Special dividend 3.4% yield. Macau/Cotai casino op, majority owned by MGM Resorts. Previous pressure from China economy concerns, gaming rev slowdown. Cost discipline key driver of performance.
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