Galaxy Entertainment Has Clear Long-Term Value -- Market Talk

Dow Jones05-16

0201 GMT - Galaxy Entertainment Group remains a buy call on its clear long-term value, Seaport Research Partners' senior analyst Vitaly Umansky says in a research note. The Hong Kong-listed operator of hotels and casinos in Macau should benefit long term from its critical mass and future expansion on Cotai Strip, the analyst says. The revamp of its marketing structure should lead to utilization of smart-digital tables by year-end and into early 2025, the analyst adds. However, Seaport Research Partners trims the stock's target to HK$51.00 from HK$53.50 to partly reflect a reduction in its near-term earnings estimates. Shares are 3.5% higher at HK$38.10. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 15, 2024 22:01 ET (02:01 GMT)

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The Hong Kong-listed operator ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0211977185.USD","symbol_name":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2435616463","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2435616463","pubTimestamp":1715824860,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0201 GMT - Galaxy Entertainment Group remains a buy call on its clear long-term value, Seaport Research Partners' senior analyst Vitaly Umansky says in a research note. The Hong Kong-listed operator of hotels and casinos in Macau should benefit long term from its critical mass and future expansion on Cotai Strip, the analyst says. The revamp of its marketing structure should lead to utilization of smart-digital tables by year-end and into early 2025, the analyst adds. However, Seaport Research Partners trims the stock's target to HK$51.00 from HK$53.50 to partly reflect a reduction in its near-term earnings estimates. Shares are 3.5% higher at HK$38.10. 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