Haitong International: MGM China (02282.HK) Q3 results slightly beat expectations

Zhitong Finance APP has learned that Haitong International issued a research report stating that MGM China's (02282.HK) third-quarter results slightly beat expectations. The company's total revenue in the third quarter was HK$8.926 billion, up 4.9% year-on-year and up 3.5% quarter-on-quarter; adjusted EBITDA was HK$2.395 billion, up 0.9% year-on-year and up 2.9% quarter-on-quarter, corresponding to an adjusted EBITDA margin of 26.8%, down 1.06 percentage points year-on-year, slightly better than the market consensus, mainly benefiting from a higher VIP room win rate.