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<Research>Macquarie Lifts GALAXY ENT (00027.HK) TP to $55.6, Maintains Outperform Rating
Recommend 13 Positive 26 Negative 10 |
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Macquarie published a research report on GALAXY ENT (00027.HK), which saw a 10% YoY growth in net revenue for 2Q25, with an 8% hike QoQ. The GGR rose 16% YoY and 10% QoQ, which was 1% below the broker's forecast. Adjusted EBITDA gained 12% YoY and 8% QoQ, beating the broker's forecast by 2%. The report noted that the company declared an interim DPS of HKD0.7, with a payout ratio of 58%, up from 50% in the same period last year, and surpassing street consensus. Due to lower non-gaming revenue estimates, the broker cut its adjusted EBITDA forecasts for the company for 2025 and 2026 by 0.1% and 0.5%, respectively, but raised the 2027 forecast by 0.6%. The broker also lifted the group's target price by 4%, from HKD53.6 to HKD55.6, and maintained an Outperform rating. AASTOCKS Financial New Website: www.aastocks.com |
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