Galaxy Entertainment's Near-Term Margins Warrant Cautious Optimism -- Market Talk

Dow Jones05-20

0329 GMT - Galaxy Entertainment's near-term margin outlook warrants cautious optimism after in-line 1Q results, UOB Kay Hian analysts say in a research note. They expect the Macau casino operator to experience a gradual improvement in market share, noting the slight improvement so far in 2Q. There is also the likelihood of higher hold rates from new games to stabilize or improve the margin level, the analysts say. The company will likely launch the first batch of smart gambling tables in July and aim for full implementation by 4Q, though "significant efficiency benefits" will likely come only in early 2025, they add. UOB KH maintains a buy rating on the Hong Kong-listed stock but cuts the target price to HK$51.00 from HK$56.00. Shares rise 4.3% to HK$41.60. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

May 19, 2024 23:29 ET (03:29 GMT)

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The company will likely launch the first batch of smart gambling tables in July and aim for full implementation by 4Q, though \"significant efficiency benefits\" will likely come only in early 2025, they add. UOB KH maintains a buy rating on the Hong Kong-listed stock but cuts the target price to HK$51.00 from HK$56.00. Shares rise 4.3% to HK$41.60. (amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 19, 2024 23:29 ET (03:29 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Galaxy Entertainment's Near-Term Margins Warrant Cautious Optimism -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGalaxy Entertainment's Near-Term Margins Warrant Cautious Optimism -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-20 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0329 GMT - Galaxy Entertainment's near-term margin outlook warrants cautious optimism after in-line 1Q results, UOB Kay Hian analysts say in a research note. They expect the Macau casino operator to ...</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":"LU0588545490.SGD","symbol_name":"Eastspring Investments - Asian Equity Income AS SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2436014318","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2436014318","pubTimestamp":1716175740,"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":"0329 GMT - Galaxy Entertainment's near-term margin outlook warrants cautious optimism after in-line 1Q results, UOB Kay Hian analysts say in a research note. They expect the Macau casino operator to experience a gradual improvement in market share, noting the slight improvement so far in 2Q. There is also the likelihood of higher hold rates from new games to stabilize or improve the margin level, the analysts say. The company will likely launch the first batch of smart gambling tables in July and aim for full implementation by 4Q, though \"significant efficiency benefits\" will likely come only in early 2025, they add. UOB KH maintains a buy rating on the Hong Kong-listed stock but cuts the target price to HK$51.00 from HK$56.00. Shares rise 4.3% to HK$41.60. 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They expect the Macau casino operator to experience a gradual improvement in market share, noting the slight improvement so far in 2Q. There is also the likelihood of higher hold rates from new games to stabilize or improve the margin level, the analysts say. The company will likely launch the first batch of smart gambling tables in July and aim for full implementation by 4Q, though \"significant efficiency benefits\" will likely come only in early 2025, they add. UOB KH maintains a buy rating on the Hong Kong-listed stock but cuts the target price to HK$51.00 from HK$56.00. Shares rise 4.3% to HK$41.60. 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