According to a report published by Citigroup, Galaxy Entertainment's fourth quarter results last year were broadly in line with this forecast. The management believes that its market share will improve. The company has the best gaming and non-gaming products in Macau to attract travelers, and its customer base is leading in the industry. In the long run, the new high-end hotels opened by Galaxy Phase III next year will help further increase its market share. The bank maintained Galaxy Entertainment's “buy” rating and still believes that GEG can gain more market share in the next few years, but the target price was lowered from HK$66 to HK$64.5 to reflect a more conservative EBITDA profit margin forecast.
大行评级｜花旗：下调银河娱乐目标价至64.5港元 维持“买入”评级
Big Bank Rating | Citibank: Lowering Galaxy Entertainment's Target Price to HK$64.5 to Maintain “Buy” Rating
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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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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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