Galaxy Ent 0027 / Lui Chee Woo

Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Fri May 17, 2019 7:46 am

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Galaxy Entertainment earnings fall 8pc

by Avery Chen

Galaxy Entertainment (0027) yesterday reported its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell 8 percent both year-on-year and quarter-on-quarter to HK$4 billion in the first three months this year.

Shares of the Macau casino operator fell 1.73 percent to HK$51.05 yesterday.

Chairman Lui Che-woo said the decline in EBITDA is not a "big warning signal". Macau had achieved massive progress in the past 10 years, exceeding gaming destination Las Vegas. "We cannot ask too much," he said.

When asked about Hong Kong's new extradition law, deputy chairman Francis Lui Yiu-tung said the new law is worth supporting.

Many chambers of commerce are worried that the new extradition law will affect the business environment, and Francis Lui said it was still necessary to wait for the final version of laws, and he is confident that the law will cover what various social groups care about.

Galaxy Entertainment's net profit also dropped 8 percent yearly and quarterly to HK$13 billion in the first quarter.

The casino operator recorded a 10 percent year-on-year decline and a 10 percent quarter-to-quarter drop in gross gaming revenue in the first quarter to HK$15.4 billion.

Total mass table gross gaming revenue was HK$7.3 billion, up 9 percent year-on-year and flat quarter-on-quarter.

Total VIP gross gaming revenue slumped 25 percent yearly or fell 18 percent quarterly to HK$7.4 billion.

Total electronic gross gaming revenue was HK$606 million, up 1 percent year-on-year and down 11 percent quarter-on-quarter.

Galaxy Macau's adjusted EBITDA decreased 7 percent year-on-year and 12 percent quarter-on-quarter to HK$3 billion. StarWorld Macau's adjusted EBITDA fell 5 percent yearly or rose 6 percent quarterly to HK$949 million.

Broadway Macau's Adjusted EBITDA from January to March was HK$15 million, up 15 percent year-on-year and up 88 percent quarter-on-quarter.

The company said it will continue with development works for Phases 3 and 4 projects in Cotai, and will keep working for a lifestyle resort on Hengqin, as well as explore opportunities in Japan and continue to actively build relationships with all stakeholders.

Lui Che-woo said Tokyo is an ideal place to set up a resort, but it still waits for government approval.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0517&sid=2
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Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Thu Jun 20, 2019 9:25 am

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US NDR feedback – waiting for catalysts

GEG guided that its current focus will be on mass and increasing table yields to drive operating leverage and earnings.

Near-term VIP to remain stagnant due to market share loss to regional competition, in our view.

Maintain Add with SOP-based target price of HK$69.84.

Share price catalysts include stronger-than-expected sector gross gaming revenue (GGR).

Source: CIMB


https://brokingrfs.cimb.com/WQyFg_VI4wa ... srSmQ2.pdf
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Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Tue Aug 13, 2019 2:32 pm

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<Blue Chip Results>GALAXY ENT Interim NP Dips 7.3% to $6.68B; Spec DPS 46 Cents

GALAXY ENT (00027.HK) announced interim results ended June 2019.

Net profit amounted to $6.68 billion, down 7.31% yearly.

EPS equaled 154.3 cents.

Special DPS was 46 cents.

During the period, adjusted EBITDA went down 4% yearly to $8.3 billion.

Source: AAStocks Financial News
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Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Tue Aug 13, 2019 4:16 pm

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<Post-Result>GALAXY ENT Loss Extends to 5% as Interim NP Sinks Over 7%, Spec Div Slips 8% YoY

As the weakest bluechipper, GALAXY ENT (00027.HK) dived 5% to $44.7, with volume rising to 15.88 million shares and turnover of $720 million.

GALAXY ENT announced that 1H19 net profit dropped 7.3% yearly to $6.68 billion, with EPS of 154.3 cents.

Special DPS declined by 8% annually to 46 cents.

Source: AAStocks Financial News
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Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Wed Aug 14, 2019 6:25 am

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Galaxy Entertainment's net falls 7pc to $6.7b

by Tereza Cai

Shares of Galaxy Entertainment (0027) became the biggest loser among blue chips after announcing a 7 percent decline in interim net profit and other gaming shares fell after news that Macau had banned junket operators from using Macau as a base for cross-border settlement of VIP gambling services provided elsewhere.

The Macau casino owner and operator said net profit for the first half dropped by 7 percent from the year before to HK$6.7 billion, without declaring an interim dividend, but a special dividend of 46 HK cents.

Basic earnings per share fell 7.6 percent to 154.3 HK cents.

Adjusted EBITDA was down by 4 percent year-on-year to HK$8.3 billion.

Deputy chairman Francis Lui Yiu-tung said the number of Hong Kong visitors to Macau reduced recently amid the protests, but it was offset by the rising number of mainland visitors, and overall Macau has not seen visitor numbers decline.

In response to the controversial dispelling measures by the police, chairman Lui Che-woo said that it was very difficult and laborious for the police to maintain order, and he believed the police will handle the incident impartially.

He also said everyone needs to forgive and assist the police' work, and he as a Hong Konger, also hopes that Hong Kong can calm down and reach mutual understanding.

He also advised parties to sit down and have a deep talk, as nobody wants to have chaos.

In terms of the VIP gambling rooms business, the deputy chairman said the Gaming Inspection and Coordination Bureau has given directions to disallow Macau casino junkets from using VIP rooms for overseas casino settlement. Galaxy Entertainment will cooperate with the regulator, he said.

When asked about the progress of obtaining casino license in Japan, Lui said there may be no further information until November. The company is talking with local government and potential partners in Japan, pending a specific timetable by the year-end.

Casino operators dropped, with Galaxy Entertainment falling 5.84 percent to HK$44.30. Sands China (1928) went down by 3.59 percent to HK$33.6.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0814&sid=2
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Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Wed Aug 14, 2019 6:25 am

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Galaxy Entertainment's net falls 7pc to $6.7b

by Tereza Cai

Shares of Galaxy Entertainment (0027) became the biggest loser among blue chips after announcing a 7 percent decline in interim net profit and other gaming shares fell after news that Macau had banned junket operators from using Macau as a base for cross-border settlement of VIP gambling services provided elsewhere.

The Macau casino owner and operator said net profit for the first half dropped by 7 percent from the year before to HK$6.7 billion, without declaring an interim dividend, but a special dividend of 46 HK cents.

Basic earnings per share fell 7.6 percent to 154.3 HK cents.

Adjusted EBITDA was down by 4 percent year-on-year to HK$8.3 billion.

Deputy chairman Francis Lui Yiu-tung said the number of Hong Kong visitors to Macau reduced recently amid the protests, but it was offset by the rising number of mainland visitors, and overall Macau has not seen visitor numbers decline.

In response to the controversial dispelling measures by the police, chairman Lui Che-woo said that it was very difficult and laborious for the police to maintain order, and he believed the police will handle the incident impartially.

He also said everyone needs to forgive and assist the police' work, and he as a Hong Konger, also hopes that Hong Kong can calm down and reach mutual understanding.

He also advised parties to sit down and have a deep talk, as nobody wants to have chaos.

In terms of the VIP gambling rooms business, the deputy chairman said the Gaming Inspection and Coordination Bureau has given directions to disallow Macau casino junkets from using VIP rooms for overseas casino settlement. Galaxy Entertainment will cooperate with the regulator, he said.

When asked about the progress of obtaining casino license in Japan, Lui said there may be no further information until November. The company is talking with local government and potential partners in Japan, pending a specific timetable by the year-end.

Casino operators dropped, with Galaxy Entertainment falling 5.84 percent to HK$44.30. Sands China (1928) went down by 3.59 percent to HK$33.6.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0814&sid=2
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Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Wed Aug 14, 2019 6:30 am

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Galaxy Entertainment says gambling revenues steady

Galaxy Entertainment (0027) deputy chairman Francis Lui Yiu-tung said business in Macau is steady so far and has not been affected by demonstrations in Hong Kong.

He said the gambling industry in Macau is still competitive to some extent, as revenue remains steady amid tense Sino-US relations, depreciation of the yuan, and increasing competition.

When asked about the progress of obtaining a casino license in Japan, Lui said Galaxy is exchanging ideas with the local government and potential partners in Japan.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0813&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Wed Aug 14, 2019 6:30 am

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Galaxy Entertainment says gambling revenues steady

Galaxy Entertainment (0027) deputy chairman Francis Lui Yiu-tung said business in Macau is steady so far and has not been affected by demonstrations in Hong Kong.

He said the gambling industry in Macau is still competitive to some extent, as revenue remains steady amid tense Sino-US relations, depreciation of the yuan, and increasing competition.

When asked about the progress of obtaining a casino license in Japan, Lui said Galaxy is exchanging ideas with the local government and potential partners in Japan.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0813&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Wed Aug 14, 2019 10:50 am

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Galaxy Entertainment (27 HK)
2Q19: Results Beat Expectations


Galaxy reported strong 2Q19 results which beat consensus estimate.

The company remains cautiously optimistic as US-China trade war continues, the renminbi
depreciates and traffic is impacted by the Hong Kong protests.

Key positive is that Galaxy accelerated the hotel opening under its Phase 3&4 expansion.

Maintain BUY but target price and earnings forecasts are under review on the dimmer 2H19 outlook.

We now see a muted GGR recovery in 2H19 but valuations are turning cheap as they approach 12-month lows.

Target: HK $64.00.

Source: UOBKH

https://research.uobkayhian.com/content ... 2f29019edd
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Wed Aug 14, 2019 10:50 am

not vested

Galaxy Entertainment (27 HK)
2Q19: Results Beat Expectations


Galaxy reported strong 2Q19 results which beat consensus estimate.

The company remains cautiously optimistic as US-China trade war continues, the renminbi
depreciates and traffic is impacted by the Hong Kong protests.

Key positive is that Galaxy accelerated the hotel opening under its Phase 3&4 expansion.

Maintain BUY but target price and earnings forecasts are under review on the dimmer 2H19 outlook.

We now see a muted GGR recovery in 2H19 but valuations are turning cheap as they approach 12-month lows.

Target: HK $64.00.

Source: UOBKH

https://research.uobkayhian.com/content ... 2f29019edd
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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