Dama released a research report saying that $GALAXY ENT (00027.HK)$ “In sync with the market” rating, the target price remained at HK$39.5, and the company's third-quarter results were basically in line with expectations.

According to the report, the company's adjusted EBITDA fell 7% quarterly to 2.94 billion yuan in the third quarter, reaching 71% in the same period in 2019, which is 2% higher than Daimo and market expectations. Excluding City Clubs' midfield market share during the period, the midfield market share increased by 50 basis points on a quarterly basis, and midfield gaming revenue also increased 1% year over year. However, Daimo pointed out that the overall cost increase of GEG in the third quarter was also higher than that of its peers, reaching 6%.