UOB Kay Hian Raises GALAXY ENT EBITDA Forecasts for 2026 and 2027, Lifts Target Price to HK$49

Stock News03-02

UOB Kay Hian has maintained a "Buy" rating on GALAXY ENT (00027) and increased its target price by 4% to HK$49. The company's gaming revenue in the fourth quarter grew 14% quarter-on-quarter, outperforming the industry average of approximately 6%, and recovered to about 97% of 2019 levels. It is estimated that GALAXY ENT's market share in gaming revenue rose by 1.6 percentage points quarter-on-quarter to 21.8% in the fourth quarter. The previous quarter's performance was described as mixed, with strong growth in gaming revenue and market share, but disappointing profitability, as the adjusted normalized EBITDA margin fell by 1.6 percentage points quarter-on-quarter. UOB Kay Hian also noted that data from the Lunar New Year holiday this year was encouraging, performing better than last year's Lunar New Year and the October Golden Week. Management expects the overall momentum to remain strong in March and the first quarter, and has committed to continuously reviewing its dividend policy. Accordingly, the firm has raised its EBITDA forecasts for GALAXY ENT by 1% each for 2026 and 2027.

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Accordingly, the firm has raised its EBITDA forecasts for GALAXY ENT by 1% each for 2026 and 2027.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0737861699.HKD","symbol_name":"FIDELITY CHINA FOCUS \"A \" (HKD) ACC","start_time":0,"source_url":"","article_id":"1184712930","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184712930","pubTimestamp":1772418498,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"UOB Kay Hian has maintained a \"Buy\" rating on GALAXY ENT (00027) and increased its target price by 4% to HK$49. 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The company's gaming revenue in the fourth quarter grew 14% quarter-on-quarter, outperforming the industry average of approximately 6%, and recovered to about 97% of 2019 levels. It is estimated that GALAXY ENT's market share in gaming revenue rose by 1.6 percentage points quarter-on-quarter to 21.8% in the fourth quarter. The previous quarter's performance was described as mixed, with strong growth in gaming revenue and market share, but disappointing profitability, as the adjusted normalized EBITDA margin fell by 1.6 percentage points quarter-on-quarter. UOB Kay Hian also noted that data from the Lunar New Year holiday this year was encouraging, performing better than last year's Lunar New Year and the October Golden Week. Management expects the overall momentum to remain strong in March and the first quarter, and has committed to continuously reviewing its dividend policy. 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