Credit Suisse released a research report that reiterated Galaxy Entertainment's "outperform" rating, with a target price of HK $49.50, although it believes that industry challenges remain, but there may be potential positive news and support in the future. The bank is also bullish on Yinyu's sound balance sheet and may be able to withstand recent industry fluctuations to capture future recovery trends. According to the report, the company's adjusted EBITDA loss of 581 million yuan in the third quarter of this year was better than the market's expected adjusted EBITDA loss of 699 million yuan, which is believed to be due to discipline and effective cost control. As of the end of September, cash and current investment reached 22.5 billion yuan (22Q2 was 29 billion yuan), while net cash was 19.3 billion yuan (22Q2 20.3 billion yuan), while core debt remained at about 300 million yuan.
瑞信:重申银河娱乐“跑赢大市”评级 目标价49.5港元
Credit Suisse: reiterate Galaxy Entertainment's "outperform" rating target price of HK $49.50
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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