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<Research>HSBC Research: TP Kept at $41.5 as GALAXY ENT (00027.HK) 4Q24 Results in Line
Recommend 7 Positive 12 Negative 1 |
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GALAXY ENT (00027.HK)'s 4Q24 results were in line with market consensus and slightly beat HSBC Global Research's margin forecasts, HSBC Global Research issued a research report saying. The Group expected operating expenses to stabilize at current levels and marketing efforts to normalize. HSBC Global Research raised its EBITDA forecast for GALAXY ENT by 3-4% due to better-than-expected margin, but kept its target price at $41.50 and reiterated rating at Buy, taking into account higher capital expenditure forecasts due to overseas expansion. AAStocks Financial News |
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