K. Wah International Chairman Passes Away

MT Newswires20:55 ET

Chairman and Executive Director of galaxy ent (00027.HK), Lv Zhihe, passed away.

Glory in November 11th, galaxy ent (00027.HK) announced that the chairman and executive director of Silver Ent, Lu Zhihe, passed away peacefully on November 7, 2024, at the age of ninety-five.

Gelonghui FinanceNov 11 08:40 ET

Express News | Galaxy Entertainment - Lui Che Woo, Chairman and Executive Director, Passed Away

ReutersNov 11 08:37 ET

[Brokerage Focus] China Securities Co.,Ltd. maintains a "shareholding" rating on Galaxy Ent (00027), indicating a stable and positive overall earnings recovery.

Jingu Wealth News | China Securities Co., Ltd. issued research reports stating that galaxy ent (00027) recorded a net profit of 10.668 billion Hong Kong dollars in 24Q3, a year-on-year increase of 11%. Adjusted EBITDA was 2.94 billion Hong Kong dollars, up 6% year-on-year. Normalized adjusted EBITDA after adjustments was 3.105 billion Hong Kong dollars, up 7% year-on-year. The company's market share is expected to steadily increase throughout the year, with 24Q3 net gambling revenue recovering to 77.3% of the same period in 2019, an increase of 0.2% from the previous quarter, with mid-term stability in a high recovery environment. Non-gambling revenue has recovered to 118.4% of 2019 levels, up 5.6% from the previous quarter. Cash / money market

King Guard Financial NewsNov 11 02:23 ET

Large banks rating | Lyon: Maintaining a "outperform" rating for galaxy ent, with a surprising third-quarter profit margin.

Lyon's report states that galaxy ent's adjusted EBITDA in the third quarter fell by 3% to 3.1 billion Hong Kong dollars, outperforming the market and the bank's expectations, mainly due to a better gross margin. Despite the quarterly decline in revenue, Galaxy's net cash increased by 9% to 27.4 billion Hong Kong dollars, accounting for 18% of its current market cap. The company also adjusted its entertainment business strategy, focusing more on players, which should help maintain its market share, especially during off-peak business seasons. The bank maintains a 'outperform the market' rating for galaxy ent with a target price of 46.5 Hong Kong dollars.

Gelonghui FinanceNov 8 01:00 ET

[Brokerage Focus] Goldman Sachs slightly raised the target price of Galaxy Entertainment (00027) by 0.7%, expecting its fourth-quarter gambling revenue market share to increase to 20.5%.

Goldman Sachs released research reports indicating that galaxy ent (00027) is likely to see a 3% quarterly decrease in EBITDA to 3.1 billion Hong Kong dollars in the third quarter of 2024 due to the impact of decreasing VIP customer win rate and decreasing contribution from building materials business, reaching 80% of pre-epidemic levels. The market share of the Cotai Strip casino remains the highest, accounting for approximately 23% of the mid-market gambling revenue, higher than the 20% in the first quarter of 2024, as well as higher than mgm china (02282) at 12% and Wynn Palace at 10%. The bank predicts that the company's market share of gambling revenue in the fourth quarter of 2024 will be 20.5%, higher than the

金吾财讯Nov 7 22:14 ET