The analyst rating from Macquarie for MGM CHINA is "Outperform" due to several positive factors highlighted in their research report. The company's 4Q25 results exceeded forecasts, with net revenue increasing by 21% year-over-year and 13% quarter-over-quarter, reaching HKD9.62 billion, which was 6% higher than Macquarie's expectations. Additionally, MGM CHINA's gross gaming revenue (GGR) also grew by 21% year-over-year and 11% quarter-over-quarter, surpassing Macquarie's forecast by 3.1%. Furthermore, the planned upgrade of hotel rooms is expected to enhance MGM CHINA's high-end appeal and boost its market share, contributing to a positive outlook for the company. As a result, Macquarie raised its target price for MGM CHINA by 1%, from HKD21.3 to HKD21.6.
