Galaxy Entertainment (00027) rose nearly 3%. As of press release, it was up 2.12% to HK$33.7, with a turnover of HK$89.1033 million.
The Zhitong Finance App learned that Galaxy Entertainment (00027) rose nearly 3%. As of press release, it had risen 2.12% to HK$33.7, with a turnover of HK$89.1033 million.
Goldman Sachs released a research report saying that Galaxy Entertainment aims to increase its market share, and also hopes that government policies will make further breakthroughs to promote the development of Hengqin. Meanwhile, if Thailand passes the IR Act by mid-next year as scheduled, the Group intends to bid for Thai gambling. The bank continued that the company, like other Macau Gaming stocks, which are being dragged down by various concerns, is trying to attract more high-end and high-quality midfielders, but its stock price has fallen by about 20% in the past six months. According to the bank's estimates, based on the development trend from October to November, the company's gambling revenue and EBITDA market share will rise from 17.5% and 19.8% in the first quarter of this year to 19% and 20.7% in the third quarter, and is expected to increase further to 20.3% and 22% in the fourth quarter.
According to the Macquarie Research Report, according to third-party data, it is estimated that Macau's gaming revenue in November reached 16.9 billion to MOP 17.9 billion, which is equivalent to a year-on-year increase of 5% to 12%, and a year-on-month decrease of 14% to 19%. Meanwhile, Galaxy Entertainment's market share rose 4 percentage points to 21% month-on-month in October, making it the only Macau expo company to achieve market share growth during the period. Management attributed this to movie star Andy Lau holding a concert during the National Day Golden Week.