CITIC Lyon: Upgrading the rating of PARADISE ENT (01180) to a highly confident "outperform the market" with a target price of 1.6 Hong Kong dollars.

CITIC Research released a research report stating that, based on current prices, the target price for PARADISE ENT(01180) is maintained at 1.6 Hong Kong dollars, and the rating is upgraded to a highly confident "outperform the market". Investment forecasts are also maintained, with the company expected to achieve an annual dividend yield of 13.6-14%. According to the bank's estimation, PARADISE ENT's gaming revenue in 2024 is only second to WYNN MACAU(01128) and MGM CHINA(02282), benefiting from the casino-friendly economy of live mixed game machines (LMG) terminals. The bank stated that the group's resilience may continue, making it a relative beneficiary of Macau's current gaming laws.