BUZZ-Galaxy Entertainment rises most in more than 4 weeks on Q3 results beat

Reuters11-07

** Shares of Macau casino group Galaxy Entertainment Group Ltd climb 4.6% to HK$36.20, on course for the biggest one-day pct rise since Oct 7 - if current gains hold

** Stock hit the highest level since Oct 15

** Galaxy says its net revenue jumped 11% Y/Y to HK$10.7 bln ($1.38 bln) for Q3 ended in September and adjusted EBITDA rose 6% Y/Y to HK$2.9 bln

** Citi maintains "buy" rating on the stock, saying 3Q24 results beat and Galaxy's balance sheet remains strong

** Shares of rivals rise; SJM up 2.9%, Wynn Macau

climbs 1.9%, Melco International gains 1.8%, while Sands China and MGM China both add 1%

** The Hang Seng Commerce & Industry Index rises 1.1%, the Hang Seng Composite Index gains 0.9% and the Hang Seng Index climbs 1%

** Galaxy stock down 17.2% YTD

($1 = 7.7736 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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