Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Macquarie Lifts GALAXY ENT (00027.HK) TP to $50.1 as GGR Expected to Be Boosted by Opening of Capella
Recommend 7 Positive 8 Negative 2 |
||||
|
||||
|
GALAXY ENT (00027.HK)'s 4Q24 revenue grew 9% YoY, while adjusted EBITDA increased 15% YoY, beating Macquarie's expectations by 1% and 3% each, as continuous post-CNY long-tail customer traffic and entertainment activities continued to attract premium mass customers, driving positive performance in February, Macquarie released a research report saying. Capella at Galaxy Macau is set to open in mid-2025, and Macquarie forecasted it to attract more top premium mass and VIP customers. Based on the lower GGR forecast, the broker lowered its 2025/ 2026 net profit forecasts for GALAXY ENT by 1.4%/ 1%, and lifted its target price from $48.8 to $50.1, with rating at Outperform. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
