Morgan Stanley: Maintains MGM China (02282.HK) "Overweight" rating and HK$12 target price; Q3 results better than market concerns

Zhitong Finance APP has learned that Morgan Stanley issued a research report stating it maintains its "Overweight" rating and HK$12 target price for MGM China (02282.HK). The company's third-quarter results were better than market concerns, with property EBITDA recorded at US$305 million, up 3% quarter-on-quarter and 1% year-on-year, above the bank's expectation of US$294 million, and significantly outperforming Sands China (01928.HK) during Macau's off-season.