Dahua Jixian believes that the increase in dividend payout ratio to 50% by Galaxy Entertainment (00027) is inspiring, and there is a possibility that the company will maintain a high dividend payout ratio.
Zhongtong Finance APP learned that Dahua Jixian released a research report stating that it maintains a "buy" rating on Galaxy Entertainment (00027), and the target price has been lowered from HKD 51 to HKD 48. Galaxy Entertainment's market share of gross gambling revenue has increased since Q2 and Q3, and the momentum has further accelerated as of August. The company continues to adhere to a disciplined reinvestment principle and expects employee costs to remain stable in the next few quarters. In addition, the bank believes that the increase in dividend payout ratio to 50% is inspiring, and there is a possibility that the company will maintain a high dividend payout ratio.