Galaxy Ent 0027 / Lui Chee Woo

Re: Galaxy Entertainment's 0027

Postby winston » Thu Aug 25, 2016 4:05 pm

not vested

<Research Report>BofAML: GALAXY ENT Div Above Estimates; Expected to Save $300M More This Yr

Bank of America Merrill Lynch, in its report, said GALAXY ENT (00027.HK) 2Q16 adjusted EBITDA was $2.273 billion (up 22% yearly or down 7% quarterly), largely in line with the research house's estimates ($2.28 billion), but better than market projection ($2.25 billion).

The interim dividend of 18 cents declared was also higher than the research house's estimates of 16 cents.

Most importantly, the profit beat expectation, which may be turned into high dividend payout. Target was $35.4 with rating kept Buy.

The research house said the company has achieved the $800 million cost saving target in the second quarter and targeted to save further $300 million this year.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 101119
Joined: Wed May 07, 2008 9:28 am

Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Thu Oct 06, 2016 7:31 pm

How a Peanut Seller Became One of Asia’s Biggest Billionaires

by Michelle Toh

The importance of world civilization, positive energy, and moral education and the reason he’s decided to honor former U.S. President Jimmy Carter this week with the Lui Che Woo Prize, a now-annual tradition


This year’s recipients: President Carter, Chinese professor Yuan Longping, and the Doctors Without Borders organization.

Each will receive HK$20 million (US$2.56 million) for their contributions to international human rights, food supply security, and the treatments of cholera and Ebola, respectively.


Adopt basic principles: “to help people, to not do things I shouldn’t do, to help this world.”

“I don’t want to just say it—but to do what I really need to do,” he adds.


Source: Fortune

http://fortune.com/2016/10/06/lui-che-woo-hong-kong/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 101119
Joined: Wed May 07, 2008 9:28 am

Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Wed Oct 26, 2016 1:31 pm

not vested

GALAXY ENT 3Q Adjusted EBITDA Up 28% YoY to $2.7B


GALAXY ENT (00027.HK) announced that for the third quarter, the revenue rose 5% yearly and 6% quarterly to $12.9 billion; adjusted EBITDA rose 28% yearly to $2.7 billion.

During the period, the group?s total gaming revenue on a management basis in 3Q16 was $12 billion, up 5% yearly as total mass table games revenue was $5.4 billion, up 17% yearly and total VIP revenue was $6.1 billion, down 4% yearly.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 101119
Joined: Wed May 07, 2008 9:28 am

Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Wed Oct 26, 2016 3:21 pm

not vested

<Research Report>C Suisse: GALAXY ENT (00027.HK) 3Q EBITDA Tops Estimates; Rated Outperform

Credit Suisse, in its report, said the 3Q EBITDA of GALAXY ENT (00027.HK) rose 18% quarterly and 28% yearly to $2.681 billion, higher than the broker's estimate ($2.4 billion).

Adjusted for the favourable luck benefit of $240 million (mainly from mass market), EBITDA is largely in-line.

The broker said the growth from direct VIP and high-end mass will remain high, benefitting the margin. Credit Suisse remained bullish on Galaxy on its attractive valuation and solid operating performance, so rated the stock Outperform with target price of $34.

The broker said the revenue of Galaxy grew 6% quarterly to $12.9 billion, slightly behind industry GGR growth of 7%.

The new casinos (Wynn and Parisian) opened during the quarter and had a limited impact on Galaxy.

EBITDA margin expanded by 2 ppts quarterly to 20.7% in 3Q16, mainly on the back of the better hold rate, favourable revenue mix shift, operating leverage on revenue pick up and company cost saving.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 101119
Joined: Wed May 07, 2008 9:28 am

Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Wed Oct 26, 2016 8:23 pm

not vested

UBS: GALAXY ENT Performance Tops Estimates; Expects Positive Stimulus to Share Price

UBS published a research report, saying that GALAXY ENT (00027.HK) +0.600 (+1.908%) Short selling $118.58M; Ratio 12.842% 3Q adjusted EBITDA was $2.681 billion, up 28% year on year.

On a luck-adjusted basis, EBITDA would have been $240 million.

Excluding the relevant factors, EBITDA was $2.441 billion, 3-4% higher than the research house's estimates, also higher than other brokers' expectations of $2.3-2.4 billion.

UBS said the group's overall mass plus slot GGR added 10% quarterly, topping the research house estimates.

Meanwhile, VIP rolling chip volume rose 3% and non-gaming revenue also grew 3% yearly or 19% quarterly.

The research house expected there will be positives stimulus to the share price of the company. Target price was $35.6 with rating Buy.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 101119
Joined: Wed May 07, 2008 9:28 am

Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Thu Oct 27, 2016 9:22 am

not vested

Mass strength

3Q16 adjusted EBITDA of HK$2.7bn (+28% yoy, +18% qoq) was stronger than our and consensus expectations.

9M16 adjusted EBITDA at 80% of full year forecast

3Q16 adjusted EBITDA margin a record high due to operational efficiencies coupled with shift to the higher-margin mass gaming segment

We increase our target price as we raise our FY16-18F earnings by 10%. GEG remains our top pick in the gaming space. Maintain Add

GEG has been the best performing HK gaming stock over the past two months

Source: CIMB

https://brokingrfs.cimb.com/OS0bhj6I-gc ... jonxg2.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 101119
Joined: Wed May 07, 2008 9:28 am

Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Thu Oct 27, 2016 9:24 am

not vested

Best not get carried away by ‘lucky’ 3Q16
Maintain HOLD, but raise TP 9% to HKD28.80

3Q16 and 9M16 EBITDA outperformed due largely to very high 3Q16 win rates.

To be fair, 3Q16 and 9M16 win normalised EBITDA still outperformed a tad on continuous cost rationalisation. Therefore, we
raise our long-term EBITDA estimates by 7-8%.

Ascribing an unchanged 9x FY16 EV/EBITDA (-1.5 SD to sector 12M EV/EBITDA mean) to StarWorld and 13x FY16 EV/EBITDA or (+0.5 SD to sector 12M EV/EBITDA mean) to its Cotai casinos, we raise our TP from HKD26.35 to HKD28.80.

Stellar asthe 3Q16 results were, they are unlikely to recur frequently.

Source: Kim Eng

https://factsetpdf.maybank-ke.com/PDF/3 ... 5ef70b.pdf?
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 101119
Joined: Wed May 07, 2008 9:28 am

Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Thu Oct 27, 2016 1:25 pm

<Post Result>Brokers' Latest Ratings & TPs on GALAXY ENT (00027.HK) (Table)

The share price of GALAXY ENT (00027.HK) softened this morning.

At noon yesterday, the company announced that the adjusted EBITDA in 3Q16 rose 28% to $2.7 billion;

Revenue rose 5% yearly and 6% quarterly to $12.9 billion; Mass revenue rose 17% yearly to $5.4 billion while VIP business revenue fell 4% yearly to $6.1 billion.

15 brokers have listed their latest ratings and target prices on the stock:

Brokers/ Ratings/ Target prices (HK$)
CIMB/ Accumulate/ 39.91->41.78
Bank of America Merrill Lynch/ Buy/ 35.6->37.8
Citigroup/ Buy/ 37.5
JPMorgan/ Overweight/ 31->37
Credit Suisse/ Outperform/ 34->36.5
CICC/ Buy/ 32->35.6
Morgan Stanley/ Overweight/ 33.4->35.5
Bernstein/ Outperform/ 29.75->34.5
Goldman Sachs/ Neutral/ 32.9->33.8
HSBC/ Hold/ 32.2->32.9
UOB Kay Hian/ Hold/ 28.5->30
Daiwa/ Outperform/ 31.8
Nomura/ Neutral/ 29.9->30.7
Kim Eng/ Hold/ 26.35->28.8
Macquarie/ Neutral/ 27


Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 101119
Joined: Wed May 07, 2008 9:28 am

Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Fri Nov 25, 2016 9:19 am

Positive feedback from NDR

Feedback from Malaysia NDR positive with concerns mainly centred on valuation.

Maintain Add with target price based on 16x FY16F EV/EBITDA, 1 s.d. above its 4-year average. GEG remains our top pick in the Macau gaming space.

Expect GEG’s valuation discount to Sands China to continue to narrow as sector risk appetite improves.

GEG has number one market share of 26% within VIP, and any recovery benefits. GEG the most relative to other operators.


GEG will begin land preparation work for Phases 3 and 4 by end-2016 or early-2017.

Phase 3 is slated to open in 2019 and will be meetings, incentives, conferences, Exhibitions (MICE)-focused, with a convention centre and mass market hotel.

Phase 4 is slated to open in 2020 and will be a landmark integrated resort.

GEG is the only operator who has significant remaining land bank


Source: CIMB

https://brokingrfs.cimb.com/yU8fTdBGRlD ... 20Vdg2.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 101119
Joined: Wed May 07, 2008 9:28 am

Re: Galaxy Ent 0027 / Lui Chee Woo

Postby winston » Thu Jan 19, 2017 8:01 am

not vested

Man and son found dead in Macau’s Galaxy casino complex

His wife, and another son were also found unconscious in same room at the resort’s five-star Hotel Okura

The tragedy comes as figures for 2016 released by Macau police revealed a 19.2 per cent year-on-year rise in casino-related crime in the city.

Among a total of 1,851 casino-related crimes recorded in 2016 were cases of abduction, extortion and usury, which are typically connected to gambling-related loan sharking


Source: SCMP

http://www.scmp.com/news/hong-kong/arti ... no-complex
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 101119
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to D to K

Who is online

Users browsing this forum: No registered users and 3 guests