Goldman Sachs: Maintains a "buy" rating on Galaxy Ent with a target price of HKD 54.2.

Goldman Sachs released a research report stating that it maintains a "buy" rating for Galaxy Ent (00027) with a target price of 54.2 Hong Kong dollars. The company aims to increase its market share and hopes that government policies can further break through to promote the development of Hengqin. At the same time, if Thailand passes the IR bill in mid-next year as scheduled, the group intends to bid for a Thai gambling license. Goldman Sachs noted that Galaxy Ent, like other Macau gaming stocks weighed down by various concerns, is trying to attract more high-end quality players, but its share price has fallen about 20% in the past six months. According to the bank's estimates, based on the development momentum from October to November, Galaxy Ent's gambling revenue and

Sina Hong Kong stocks02:00 ET

HK Stock Market News | galaxy ent (00027) rose nearly 3%, the group is interested in bidding for Thai gambling licenses, goldman sachs further raises its EBITDA market share.

Galaxy Ent (00027) rose nearly 3%, as of the time of publication, rose 2.12%, to 33.7 Hong Kong dollars, with a turnover of 89.1033 million Hong Kong dollars.

Zhitong Finance22:24 ET

16% Of This Galaxy Entertainment Group Insider's Holdings Were Sold

Simply Wall StNov 20 21:41 ET

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Business TodayNov 19 04:15 ET

HK stocks fluctuate | Macau casino stocks generally fell today. Gambling revenue in November may significantly decline month-on-month. Large institutions say retail remains weak.

Macau casino stocks fell today, as of the time of publication, Sands China (01928) fell by 5.11%, closing at HK$19.5; Galaxy Ent (00027) fell by 4.17%, closing at HK$34.45; mgm china (02282) fell by 4%, closing at HK$9.59; wynn macau (01128) fell by 4.06%, closing at HK$5.67.

Zhitong FinanceNov 12 01:57 ET

Morgan Stanley: Latest rating and target price of Macau casino stocks (table). Galaxy Ent (00027) was the only market share growth in October.

Galaxy Ent (00027) saw a 4 percentage point increase in market share in October to 21%, the only Macau gaming enterprise to achieve market share growth during the period. Management attributed this to the concert held by the movie star Andy Lau during the National Day Golden Week.

Zhitong FinanceNov 12 01:39 ET