HK Stock Market Move | MGM CHINA (02282) rises over 5% in the afternoon, Citigroup expects its third-quarter EBITDA to outperform peers, and Lian believes the company has potential for revaluation.

MGM CHINA (02282) rose more than 5% in the afternoon, rising by 5.02% to HK$15.05 as of the time of writing, with a trading volume of HK$87.3716 million. Citigroup released a report stating that they expect the industry EBITDA of Macau casino operators to increase by approximately 7% in the third quarter, with MGM CHINA expected to see a 13% year-on-year growth. The bank believes that the potential for MGM CHINA's EBITDA growth to exceed the industry average could positive stock price momentum before the company announces its results on October 30th. Citigroup maintains a "buy" rating with a target price of HK$19 and includes it in the list of positive catalysts to observe on the 30th. Meanwhile, UBS believes that MGM CHINA has revaluation potential, with its 2026 EV/EBITDA and P/E multiples still at a low level among the six Macau gaming companies. After evaluating forward-looking indicators such as market share, profit margin, return on capital, and dividend payout ratio growth, the bank believes that a revaluation is reasonable. The target price has been raised from HK$18.3 to HK$22.7. UBS maintains an "outperform the market" rating.