Latest news with #MGMChinaHoldings
Business Insider
22-07-2025
- Business
- Business Insider
Seaport Global downgrades MGM China Holdings (MCHVF) to a Hold
MGM China Holdings received a Hold rating and price target from Seaport Global analyst Vitaly Umansky today. The company's shares closed last Friday at $1.77. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Umansky is a 3-star analyst with an average return of 7.4% and a 56.60% success rate. In addition to Seaport Global, MGM China Holdings also received a Hold from TR | OpenAI – 4o's Lola Spinna in a report issued on July 15. However, on July 16, Jefferies maintained a Buy rating on MGM China Holdings (Other OTC: MCHVF).
Hype Malaysia
16-07-2025
- Entertainment
- Hype Malaysia
MGM China Clarifies Reports Of Actor Jacky Heung Getting Sued For Failing To Repay RM700k Debt
Despite the glitz and the glamour, some stars have fallen into debt due to poor spending habits and addiction. Recently, rumours circulated that MGM China sued Hong Kong actor Jacky Heung (向佐) for failing to repay a massive debt. Reports of the issue emerged earlier this week, alleging that the actor was facing legal action from MGM China Holdings after failing to repay a loan taken from a Macau casino in December 2024. According to reports, Jacky borrowed HK$2 million (approximately RM1.08 million) from the casino in the form of gaming chips, with the stipulation to repay the full amount on the same day. However, months have passed since the day, and Jacky now allegedly owes the company HK$1.4 million (approximately RM759,000). As there has not been any repayment, MGM filed a claim in the Hong Kong District Court for the outstanding amount plus interest. The loan agreement states that the company is entitled to collect interest at an annual rate of 18%, calculated from the date of borrowing until the debt is repaid in full. The lawsuit garnered media attention because of Jacky's status as an actor and his family background. The 41-year-old is the son of renowned HK actor and director Charles Heung (向華強) and film producer Tiffany Chen (陳嵐). Thankfully, it appears that the case has been settled, as MGM China revealed yesterday (Tuesday, 15th July 2025) that the debt has been fully repaid. The lawsuit against Jacky has also been dismissed. The statement clarified that Jacky acted as a guarantor for a third party in the loan and that the legal action was standard procedure to resolve the issue. Unfortunately, this particular case attracted too much attention, which caused inconvenience to the actor and his image. As such, MGM China has urged all parties to refrain from spreading inaccurate information. Additionally, the company wouldn't issue any further comments on the matter. Jacky has yet to address the matter, but we're glad the issue was resolved quickly and didn't escalate into something bigger. What are your thoughts on this? Sources: Dimsum Daily (1)(2)
Business Insider
02-06-2025
- Business
- Business Insider
J.P. Morgan Reaffirms Their Buy Rating on MGM China Holdings (MCHVF)
In a report released today, Ds Kim from J.P. Morgan reiterated a Buy rating on MGM China Holdings (MCHVF – Research Report), with a price target of HK$15.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Kim covers the Consumer Cyclical sector, focusing on stocks such as Melco Resorts & Entertainment, SJM Holdings, and Melco International. According to TipRanks, Kim has an average return of 8.0% and a 46.74% success rate on recommended stocks. In a report released on May 22, CLSA also maintained a Buy rating on the stock with a HK$13.50 price target. The company has a one-year high of $1.97 and a one-year low of $1.00. Currently, MGM China Holdings has an average volume of 300.
