Glory Times on November 8th | Dahua Jixian issued a report, Galaxy Entertainment's EBITDA for the third quarter decreased quarterly, affected by increased reinvestment and operating expenses related to Macau. However, due to the strong performance during the Golden Week, Galaxy's market share in gambling revenue in October remained stable at over 20%. At the same time, the retail business also showed improvement, especially in the luxury goods retail segment. Therefore, maintaining a "buy" rating on Galaxy Ent, with a target price slightly lowered by 4% to HK$46. Dahua Jixian lowered Galaxy Ent's EBITDA forecasts for this year and the next by 3% and 2% respectively, with revenue forecasts also reduced by 3% to reflect the poor win rate in the third quarter. Additionally, Dahua Jixian raised this year's spending forecast for Galaxy Ent due to higher operating expenses in the third quarter; while lowering next year's spending forecast to reflect the company's higher operating leverage during the business recovery process.