JPMorgan Assigns "Neutral" Rating to MGM CHINA (02282) with HK$13.2 Target Price

Stock News05-04

JPMorgan has issued a research report assigning a "Neutral" rating to MGM CHINA (02282) with a target price of HK$13.2. The bank believes the valuation is attractive, calculated using an enterprise value multiple of 6 to 7 times, a price-to-earnings ratio of 9 to 10 times, and a projected dividend yield exceeding 5% for 2026. MGM CHINA's first-quarter EBITDA surpassed market expectations by 5%, and after win rate adjustments, EBITDA reached a record high of HK$26 billion, marking a 13% increase year-on-year and a 2% rise quarter-on-quarter. The report noted that the company's stock price has declined 22% over the past six months, primarily due to the license fee increase last December and last month's disappointing dividend policy, which have negatively impacted market perceptions of its corporate governance and shareholder friendliness.

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/1129318638?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-04 15:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1129318638","market":"sh","top_or_hot":-1,"title":"JPMorgan Assigns \"Neutral\" Rating to MGM CHINA (02282) with HK$13.2 Target Price","media":"Stock News","content":"<p>JPMorgan has issued a research report assigning a \"Neutral\" rating to MGM CHINA (02282) with a target price of HK$13.2. The bank believes the valuation is attractive, calculated using an enterprise value multiple of 6 to 7 times, a price-to-earnings ratio of 9 to 10 times, and a projected dividend yield exceeding 5% for 2026. MGM CHINA's first-quarter EBITDA surpassed market expectations by 5%, and after win rate adjustments, EBITDA reached a record high of HK$26 billion, marking a 13% increase year-on-year and a 2% rise quarter-on-quarter. The report noted that the company's stock price has declined 22% over the past six months, primarily due to the license fee increase last December and last month's disappointing dividend policy, which have negatively impacted market perceptions of its corporate governance and shareholder friendliness.</p>","source":null,"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>JPMorgan Assigns \"Neutral\" Rating to MGM CHINA (02282) with HK$13.2 Target Price</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\">\nJPMorgan Assigns \"Neutral\" Rating to MGM CHINA (02282) with HK$13.2 Target Price\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-05-04 15:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>JPMorgan has issued a research report assigning a \"Neutral\" rating to MGM CHINA (02282) with a target price of HK$13.2. The bank believes the valuation is attractive, calculated using an enterprise value multiple of 6 to 7 times, a price-to-earnings ratio of 9 to 10 times, and a projected dividend yield exceeding 5% for 2026. MGM CHINA's first-quarter EBITDA surpassed market expectations by 5%, and after win rate adjustments, EBITDA reached a record high of HK$26 billion, marking a 13% increase year-on-year and a 2% rise quarter-on-quarter. The report noted that the company's stock price has declined 22% over the past six months, primarily due to the license fee increase last December and last month's disappointing dividend policy, which have negatively impacted market perceptions of its corporate governance and shareholder friendliness.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EWH","symbol_name":"香港ETF-iShares MSCI","start_time":0,"source_url":"","article_id":"1129318638","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129318638","pubTimestamp":1777879579,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"JPMorgan has issued a research report assigning a \"Neutral\" rating to MGM CHINA (02282) with a target price of HK$13.2. The bank believes the valuation is attractive, calculated using an enterprise...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EWH":"香港ETF-iShares MSCI","02282":"美高梅中国","BK1172":"赌场与赌博"},"translate_title":"小摩予美高梅中国(02282)“中性”评级目标价13.2港元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EWH":1,"02282":1},"content_text":"JPMorgan has issued a research report assigning a \"Neutral\" rating to MGM CHINA (02282) with a target price of HK$13.2. The bank believes the valuation is attractive, calculated using an enterprise value multiple of 6 to 7 times, a price-to-earnings ratio of 9 to 10 times, and a projected dividend yield exceeding 5% for 2026. MGM CHINA's first-quarter EBITDA surpassed market expectations by 5%, and after win rate adjustments, EBITDA reached a record high of HK$26 billion, marking a 13% increase year-on-year and a 2% rise quarter-on-quarter. The report noted that the company's stock price has declined 22% over the past six months, primarily due to the license fee increase last December and last month's disappointing dividend policy, which have negatively impacted market perceptions of its corporate governance and shareholder friendliness.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"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,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","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/1129318638","isCrawlerRequest":true}