A quick look at the Hong Kong market | The three major indices rose sharply, and Tencent's results rose nearly 4%; domestic housing, property management, and building materials stocks were strong throughout the day! COSCO Group rose more than 46%, and Chi
The trend of technology network stocks was divided. Tencent rose nearly 4%, Ali fell more than 3%; gaming stocks rose sharply, Galaxy Entertainment rose more than 6%, and Sands China Co., Ltd. rose nearly 2%.
Express News | Macquarie: Galaxy Entertainment's target price was slightly lowered to HK$58.7, reaffirming the “outperforming the market” rating
Macquarie: Reiterates Galaxy Entertainment's (00027.HK) “Outperform the Market” Rating Target Price to HK$58.7
Macquarie released a research report saying that it reaffirmed Galaxy Entertainment's (00027.HK) “outperforming the market” rating and raised this year's net profit forecast by 0.4%, while the target price dropped slightly by 1% to HK$58.7. The company's operating expenses for the first quarter remained stable on a quarterly basis, and management predicts that it will maintain the current stable level for the next few quarters. The bank believes that rising operating costs can support the growth of its business.
Changes in Hong Kong stocks | Galaxy Entertainment (00027) rose more than 4%, adjusted EBITDA rose 49% year on year in the first quarter, and new property construction and stock property renovation continued to advance
Galaxy Entertainment (00027) rose more than 4%. As of press release, it rose 4.21% to HK$38.35, with a turnover of HK$343 million.
Galaxy Entertainment Has Clear Long-Term Value -- Market Talk
0201 GMT - Galaxy Entertainment Group remains a buy call on its clear long-term value, Seaport Research Partners' senior analyst Vitaly Umansky says in a research note. The Hong Kong-listed operator o
Galaxy Entertainment (0027.HK): Continued optimization of gaming business and operations, new property construction and inventory upgrades are worth looking forward to
Core View The overall recovery of the company's 24Q1 gaming business remained stable. The recovery of the core property Macau Galaxy VIP business, midfield business, and slot machine revenue all increased month-on-month compared to 2019. The company's financial position and net cash continued to be of high quality. newness
Galaxy Entertainment (00027.HK): Waiting for Galaxy Phase 3 to be released
The 1Q24 results are in line with the market's consensus expectations, and Galaxy Entertainment released 1Q24 results on May 14: net revenue of HK$10.552 billion, up 50% year on year, up 2% month on month, and recovered to 81% of 1Q19.
Galaxy Entertainment May Regain Market Share -- Market Talk
Galaxy Entertainment may regain some market share, with strong momentum continuing into May even after China's Labor Day holidays, Citi Research analysts George Choi and Ryan Cheung say in a note.
GALAXY ENTERTAINMENT(00027.HK):1Q24 MISS
Galaxy Entertainment reported 1Q24 net revenue of HK$10.6bn (+2% QoQ, +50% YoY),
Galaxy Entertainment (00027): Satisfied with the May 1st holiday business performance, the occupancy rate of its hotels is about 90%
Asked if there are any financing needs, Lui Yiu-tung pointed out that the Group has prudent financial management and currently has cash on hand of HK$26.4 billion, and he believes there is sufficient capital for development.
Overview of the Hong Kong market | Science index rose slightly by 0.57%; domestic housing stocks and coal stocks fell, Agile fell nearly 13%, and Yankuang Energy fell more than 7%
Many shares of TechNet rose; Bilibili rose nearly 5%, and Xiaomi rose more than 3%; auto stocks rose one after another; Great Wall Motor rose more than 7%, and Zero Sports Auto rose nearly 7%.
Galaxy Entertainment's Q1 EBITDA, Revenue Rise; Shares Fall 3%
Galaxy Entertainment Group's (HKG:0027) adjusted EBITDA jumped 49% to HK$2.84 billion in the first quarter from HK$1.91 billion in the year-ago period, according to a Monday filing with the Hong Kong
Galaxy Entertainment Revenue Surges as More Macau Visitors Arrive
Galaxy Entertainment's revenue surged in the first quarter, supported by increased visitor arrivals to Macau.
Galaxy Entertainment: See Pent-Up Travel Demand From Mainland China, Confident in Macau Outlook >0027.HK
Galaxy Entertainment: See Pent-Up Travel Demand From Mainland China, Confident in Macau Outlook >0027.HK
Express News | Galaxy Entertainment's revenue for the first quarter was HK$10.55 billion, estimated at HK$10.74 billion; adjusted EBITDA for the first quarter was HK$2.8 billion, estimated at HK$3.07 billion.
Intraday quick overview | The Science Index rose more than 1% to reach the 4,000 mark; port transport stocks were strong, and COSCO Marine Control rose more than 6%
Water stocks soared across the board. China Water Services rose more than 9%, Beijing Water Group rose more than 8%; high-speed rail infrastructure stocks collectively rallied, CRRC rose more than 9%, and Times Electric rose nearly 7%.
Macau Casino Operators' Shares Rise After China Expands Travel Visa Scheme
Macau casino operators' shares rose after China expanded its individual travel visa scheme to both Macau and Hong Kong to include eight more mainland cities.
Direct impact of changes | Gaming stocks rose in early trading, May 1st Macau gaming revenue was in line with expectations, and the impact of the new Hong Kong and Macau travel policy was positive
Gaming stocks were higher in early trading. As of press release, Wynn Macau (01128) rose 4.26% to HK$8.33; Aobo Holdings (00880) rose 4.14% to HK$3.02; and MGM China (02282) rose 3.29% to HK$15.06.
Bank Ratings | Macquarie: Banking Entertainment is the first choice for Macau gambling revenue expectations during the Labor Day holiday
Glonghui, May 7 | Macquarie published a research report quoting third party data. The average daily revenue (ADR) of the Macau gaming industry for the first 5 days of May was MOP 910 million. At the same time, it was pointed out that although many travellers' itineraries have been cancelled due to the recent bad weather in Macau and Guangdong, the ADR level since May is still 47% higher than the previous month. Macquarie assumes that the ADR for the rest of May will be between MOP 580 million and MOP 650 million. In addition to third-party data estimates, Macau's total gaming revenue in May will reach 19.6 billion to MOP 21.5 billion, or 76% to 8% of 2019 levels
Intraday Overview | The three major indices of Hong Kong stocks weakened slightly, and the pharmaceutical outsourcing concept rose against the market
Road transport stocks strengthened; Guangzhou-Shenzhen Railway shares rose more than 9%, Anhui Wantong Expressway rose more than 6%; domestic housing stocks collectively pulled back, Agile Group fell more than 6%, and Midea Real Estate fell more than 5%.
No Data