Stock Track | MGM China Plummets 5.55% Despite Improved 2024 Financial Results

Stock Track03-21

MGM China (HKG:2282) shares plummeted 5.55% in Friday's trading session, despite reporting improved financial results for 2024. The casino operator's stock decline comes as a surprise given the company's announcement of higher profit and revenue figures.

According to the company's filing with the Hong Kong stock exchange, MGM China's attributable profit for 2024 rose to HK$4.60 billion, up from HK$2.64 billion in 2023. Earnings per share increased to HK$1.206 from HK$0.692 in the previous year. However, this fell slightly short of analysts' expectations, as Visible Alpha had estimated EPS at HK$1.24.

The company's operating revenue also showed significant growth, reaching HK$31.4 billion compared to HK$24.7 billion in the previous year. This figure surpassed Visible Alpha analysts' forecast of HK$30.8 billion. Despite these positive results, the market reaction suggests that investors may have been anticipating even stronger performance or are concerned about other factors affecting the company's outlook. The sharp stock decline indicates that the financial results, while improved, did not meet the high expectations set by the market.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1102254304?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2025-03-21 12:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1102254304","market":"hk","top_or_hot":-1,"title":"Stock Track | MGM China Plummets 5.55% Despite Improved 2024 Financial Results","media":"Stock Track","content":"<p>MGM China (HKG:2282) shares plummeted 5.55% in Friday's trading session, despite reporting improved financial results for 2024. The casino operator's stock decline comes as a surprise given the company's announcement of higher profit and revenue figures.</p>\n\n<p>According to the company's filing with the Hong Kong stock exchange, MGM China's attributable profit for 2024 rose to HK$4.60 billion, up from HK$2.64 billion in 2023. Earnings per share increased to HK$1.206 from HK$0.692 in the previous year. However, this fell slightly short of analysts' expectations, as Visible Alpha had estimated EPS at HK$1.24.</p>\n\n<p>The company's operating revenue also showed significant growth, reaching HK$31.4 billion compared to HK$24.7 billion in the previous year. This figure surpassed Visible Alpha analysts' forecast of HK$30.8 billion. Despite these positive results, the market reaction suggests that investors may have been anticipating even stronger performance or are concerned about other factors affecting the company's outlook. The sharp stock decline indicates that the financial results, while improved, did not meet the high expectations set by the market.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | MGM China Plummets 5.55% Despite Improved 2024 Financial Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | MGM China Plummets 5.55% Despite Improved 2024 Financial Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-03-21 12:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>MGM China (HKG:2282) shares plummeted 5.55% in Friday's trading session, despite reporting improved financial results for 2024. The casino operator's stock decline comes as a surprise given the company's announcement of higher profit and revenue figures.</p>\n\n<p>According to the company's filing with the Hong Kong stock exchange, MGM China's attributable profit for 2024 rose to HK$4.60 billion, up from HK$2.64 billion in 2023. Earnings per share increased to HK$1.206 from HK$0.692 in the previous year. However, this fell slightly short of analysts' expectations, as Visible Alpha had estimated EPS at HK$1.24.</p>\n\n<p>The company's operating revenue also showed significant growth, reaching HK$31.4 billion compared to HK$24.7 billion in the previous year. This figure surpassed Visible Alpha analysts' forecast of HK$30.8 billion. Despite these positive results, the market reaction suggests that investors may have been anticipating even stronger performance or are concerned about other factors affecting the company's outlook. The sharp stock decline indicates that the financial results, while improved, did not meet the high expectations set by the market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02282","symbol_name":"美高梅中国","start_time":0,"source_url":"","article_id":"1102254304","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1102254304","pubTimestamp":1742530845,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"MGM China  shares plummeted 5.55% in Friday's trading session, despite reporting improved financial results for 2024. The casino operator's stock decline comes as a surprise given the company's announcement of higher profit and revenue figures.According to the company's filing with the Hong Kong stock exchange, MGM China's attributable profit for 2024 rose to HK$4.60 billion, up from HK$2.64 billion in 2023. Earnings per share increased to HK$1.206 from HK$0.692 in the previous year. However, th","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02282":"美高梅中国"},"translate_title":"尽管2024年财务业绩有所改善，米高梅中国仍暴跌5.55%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02282":1},"content_text":"MGM China (HKG:2282) shares plummeted 5.55% in Friday's trading session, despite reporting improved financial results for 2024. The casino operator's stock decline comes as a surprise given the company's announcement of higher profit and revenue figures.\nAccording to the company's filing with the Hong Kong stock exchange, MGM China's attributable profit for 2024 rose to HK$4.60 billion, up from HK$2.64 billion in 2023. Earnings per share increased to HK$1.206 from HK$0.692 in the previous year. However, this fell slightly short of analysts' expectations, as Visible Alpha had estimated EPS at HK$1.24.\nThe company's operating revenue also showed significant growth, reaching HK$31.4 billion compared to HK$24.7 billion in the previous year. This figure surpassed Visible Alpha analysts' forecast of HK$30.8 billion. Despite these positive results, the market reaction suggests that investors may have been anticipating even stronger performance or are concerned about other factors affecting the company's outlook. The sharp stock decline indicates that the financial results, while improved, did not meet the high expectations set by the market.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.33.2","shortVersion":"4.33.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1102254304"}