Galaxy Entertainment Group's high P/S ratio is justified by its projected revenue growth, outpacing the rest of the Hospitality industry. Investors are confident in the company's robust future growth, willing to pay a premium for the stock. Strong revenue forecasts are anticipated to maintain a buoyant share price.

Positive investment opportunity with undervalued Galaxy Entertainment Group. Analysts urge to consider capital structure and balance sheet strength. Share price doesn't reflect anticipated robust outlook.

Galaxy Entertainment Group's ROCE history and lack of growth in capital utilized doesn't bode well for future performance. The 16% stock dip in five years suggests investors are wary of these trends.

Despite a recent share price drop, Galaxy Entertainment Group's shift to profitability, from previously negative earnings per share, signals potential future growth.

Core points:
Our new pecking order: MGM (2282.HK) = Wynn (1128.HK) > Sands (1928.HK) > Melco (MLCO.US, 200.HK) =Galaxy(27.HK)>SJM (880.HK).
We largely maintain our 2Q23 mass gross gaming revenue (GGR) projection of 89% of the 2Q19 level, given:
1) Continued staff hiring, alleviating of bottleneck of hotel rooms;
During the pandemic, all six gaming operators in Macao reduced their employee headcounts, resulting in a labor shortage in t...