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Evercore ISI Adjusts Citigroup Price Target to $66 From $64, Maintains In Line Rating
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Citigroup: Rated galaxy ent as 'buy' with a target price of 62.5 Hong Kong dollars.
Citibank released a research report stating that Galaxy Entertainment (00027) third-quarter revenue increased by 11% year-on-year to 10.67 billion yuan, adjusted EBITDA increased by 6% year-on-year to 2.94 billion yuan, exceeding expectations. The company's management is discussing major upgrades at the StarWorld Hotel in Macau, including the main casino lobby, lobby arrival experience, and dining options. With the completion of the third-floor upgrade at StarWorld Hotel in Macau, the on-site gaming terminal has become one of the largest in Macau. The bank rates the company as a 'buy' with a target price of 62.5 Hong Kong dollars. The bank stated that the renovation progress of the Galaxy Macau is going smoothly, focusing mainly on non-gambling activities on the fourth floor.
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Raffierca : “There’s aLOTTA wasted money here…Let’s find out who needs to be sacked and bring em over so I can politely say ‘You’re fired—goodbye’”
102131911 Raffierca : Sack Gary Gensler the Anti-Cryto Gangster!