Chinese Stocks, Yuan Primed for Gains on Return From Holidays [BNN Bloomberg (Canada)]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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Source: BNN Bloomberg
Shares will likely play catch-up to gains seen offshore when mainland markets were shut from Wednesday to Friday to celebrate Labor Day. The Nasdaq Golden Dragon China Index jumped 8.5% during that period, while a Hang Seng gauge of Chinese stocks rallied more than 4% since Hong Kong reopened on Thursday. On the currency side, the onshore yuan may track the advance seen in the offshore unit, which had its best week this year as the dollar retreated. Battered Chinese assets are getting a second look as a combination of earnings recovery, policy support and cheap valuations lure investors. The latest catalyst came from the Politburo meeting just before the trading break, when China's top leaders vowed to explore new measures to tackle a protracted housing crisis and hinted at possible rate cuts ahead. “The important meeting held before the holidays clarified the goal of continuing to deepen reforms and expand opening up, which will help drive the onshore equity market higher in t
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MGM
Earnings
- 5/1/24 - Beat
MGM
Sec Filings
- 5/17/24 - Form 144
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- MGM's page on the SEC website