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MGM China Holdings Limited (MCHVF) [hlAlert]

Rating:
Overweight
MCHVF
3 Months Gains
down 52.66 %

MGM China Holdings Limited (MCHVF) rated Overweight by JP Morgan

Posted on: Thursday,  Jan 28, 2016  10:25 AM ET by JP Morgan

MGM China Holdings Limited
(OTCBB: MCHVF) rated Overweight by JP Morgan.

MGM China Holdings Limited engages in developing, owning, and operating casino gaming resorts in greater China region. The company also holds one of the six gaming concessions or sub-concessions to run casino or gaming area in Macau. It owns and operates MGM Macau, a five-star integrated casino and luxury hotel resort located on the Macau Peninsula. The casino has a floor area of approximately 28,976 square meters, with 1,006 slot machines, 427 gaming tables, and multiple VIP and private gaming areas; and hotel comprises a 35-story tower with 587 deluxe rooms, including 468 standard guest rooms, 99 luxury suites, 20 private luxury villas, dedicated leisure areas, and 10 restaurants and bars. The company was incorporated in 2010 and is based in Nape, Macau. MGM China Holdings Limited is a subsidiary of MGM Resorts International.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/28/2016 10:25 AM Buy
None
as of 8/27/2015
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/20/2014 9:25 AM Buy
None
4.31

(*) Stock Price at the time of the recommendation.
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