MGM China's Market-Share Gains, Dividend Payout Should Support Near-Term Stability -- Market Talk

Dow Jones02-13

0850 GMT - MGM China Holdings' market-share gains and potential dividend payout could support near-term stability for the stock, according to Citi analysts in a research note. The Macau casino operator's 4Q net revenue grew about 3%, and the company reported record-high Ebitda for 2024, the analysts note. MGM's market share increased 0.9 percentage point on quarter to about 15.6% in 4Q. Citi expects MGM China's board to declare a final dividend in mid-March and maintain its around 50% payout ratio. The implied dividend yield of about 6% would provide investors with downside risk protection in the near term, the analysts say. Citi keeps a buy rating with a target price of HK$13.25. Shares closed 6.5% higher at HK$10.34. (tracy.qu@wsj.com)

(END) Dow Jones Newswires

February 13, 2025 03:50 ET (08:50 GMT)

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Citi expects MGM China's board to declare a final dividend in mid-March and maintain its around 50% payout ratio. The implied dividend yield of about 6% would provide investors with downside risk protection in the near term, the analysts say. Citi keeps a buy rating with a target price of HK$13.25. Shares closed 6.5% higher at HK$10.34. 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The Macau casino operator's 4Q net revenue grew about 3%, and the company reported record-high Ebitda for 2024, the analysts note. MGM's market share increased 0.9 percentage point on quarter to about 15.6% in 4Q. Citi expects MGM China's board to declare a final dividend in mid-March and maintain its around 50% payout ratio. The implied dividend yield of about 6% would provide investors with downside risk protection in the near term, the analysts say. Citi keeps a buy rating with a target price of HK$13.25. Shares closed 6.5% higher at HK$10.34. (tracy.qu@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 13, 2025 03:50 ET (08:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4561","symbol_name":"索罗斯持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2511515142","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2511515142","pubTimestamp":1739436600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0850 GMT - MGM China Holdings' market-share gains and potential dividend payout could support near-term stability for the stock, according to Citi analysts in a research note. 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