Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00027 GALAXY ENT
RTNominal up28.950 +0.600 (+2.116%)
Research Report

16/03/2021 10:35

Guotai Junan lifts Galaxy Entertainment (00027) to HK$56

[ET Net News Agency, 16 March 2021] Guotai Junan International lifted its target price
for Galaxy Entertainment (00027) to HK$56 from HK$39.1 and upgraded its rating from "sell"
to "reduce".
The research house said Galaxy's 4Q 2020 normalized adjusted EBITDA of HK$1.07bn
(decreased 72.4%) was better than it had expected. Guotai Junan forecasted 2021-23 total
net revenue of HK$33.13bn, HK$43.48bn, and HK$48.93bn, respectively, representing growth
of 157.3%, 31.2%, and 12.6%.
Galaxy said that it will open its upscale 450 suite tower, Raffles at Galaxy Macau, in
2H. Guotai Junan expects this will result in a higher market share for Galaxy as the
sector continues to recover. It forecasted 2021-23 adjusted EBITDA of HK$7.7bn, HK$11.2bn,
and HK$13.5bn, respectively, reflecting growth of 46.1% and 20.6% in 2022 and 2023,
respectively. (KL)

Remark: Real time quote last updated: 17/09/2024 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.