Morgan Stanley expects that Galaxy Ent (00027) will outperform the market in the next 60 days with a probability of over 80%.
According to the Zhìtōng Finance app, Morgan Stanley has released a research report stating that Galaxy Ent (00027) is expected to outperform the market in the next 60 days with a probability of over 80%, with a target price of HK$39.5 and a rating of 'synchronized with the market.'
According to the bank's channel survey, Galaxy Entertainment has continuously increased its market share of gambling revenue, increasing 50 and 180 basis points to 18% and 19.8% respectively in April and May, from 17.5% in the first quarter. The bank believes that this is due to the management's increased efforts in marketing and casino layout.