Galaxy Ent 0027 / Lui Chee Woo

[winston]

not vested

Galaxy adjusted pretax earnings up 6pc to $2.9b

by June Chen

Adjusted third-quarter EBITDA reached HK$2.94 billion, a 6 percent increase year-on-year, though it was a 7 percent decline quarter-on-quarter.

Revenue in the third quarter advancing 11 percent year-on-year to HK$10.7 billion, while it was down 2 percent quarter-on-quarter.

Source: The Standard

https://www.thestandard.com.hk/section- ... c-to-$2.9b

[winston]

<Research>DBS Slashes GALAXY ENT (00027.HK) TP to $45.2 on Low Macro Visibility

DBS Group Research issued a research report slashing its target price for GALAXY ENT (00027.HK) from $55.22 to $45.2, with rating kept at Buy, based on its prudent approach on low macro visibility.

GALAXY ENT has the best liquidity position among casinos, with net cash of more than $15 billion and annual operating cash flow of over $10 billion, which should be sufficient to support ongoing investment, including to strengthen its integrated resorts, mainly non-gaming projects that can further boost market share, DBS Group Research added.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

vested

<Research>CLSA Cuts GALAXY ENT's TP to $45.8 w/ Lower Profit Forecast

CLSA commented in its research report that Macau's GGR for January this year showed a lackluster performance with MOP18.3 billion, 6% below consensus.

Meanwhile, Macau recorded lukewarm visitations averaging only 150,600 visitors per day from January 29 to 31 this year.

The broker lowered its profit forecast for GALAXY ENT (00027.HK) and its H-share target price from $46.5 to $45.8.

Its industry top picks were Sands China and GALAXY ENT.

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN

[winston]

not vested

Galaxy's earnings soar 28pc to $8.8b

Net profit in 2024 grew 28 percent to HK$8.8 billion over a year ago, and its board proposed a final dividend of 50 HK cents per share payable in June.

Net revenue rose by 22 percent to HK$43.4 billion while adjusted earnings before interest, taxes, depreciation and amortization surged 22 percent to HK$12.2 billion.

As the primary driver to group revenue and earnings, Galaxy Macau's net revenue surged 24 percent to HK$34.5 billion, while its adjusted EBITDA rose 18 percent year-on-year to HK$10.8 billion.

The combined seven hotels occupancy was 98 percent for 2024.

Galaxy reported gross gaming revenue of HK$41.1 billion, a 30 percent year-on-year increase, outpacing Macau's overall GGR growth of 24 percent, according to the Gaming Inspection and Coordination Bureau.

Mass GGR was HK$33.1 billion, a 25 percent year-on-year increase, while VIP GGR totaled HK$5.3 billion, up 55 percent year-on-year.

Source: The Standard

https://www.thestandard.com.hk/section- ... c-to-$8.8b