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<Research>Jefferies Forecasts GALAXY ENT's Adjusted EBITDA to Rise 10% YoY to $3.099B Last Qtr
Recommend 6 Positive 14 Negative 4 |
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Jefferies released a research report forecasting GALAXY ENT (00027.HK) to record a growth of 10% YoY or 5% QoQ in its adjusted EBITDA to $3.099 billion last quarter, as well as a QoQ rise of 12% in its revenue. The broker also estimated GALAXY ENT's GGR to rise 7% QoQ to $10.9 billion, outpacing the industry's 3% growth, as driven by a rich lineup of events and concerts including Andy Lau, Dao Lang, and the South Korean girl group (G)I-DLE, as well as the ongoing expansion of Phase 3 at Galaxy Macau and the upgrade of StarWorld, which now hosts Macau's largest-scale Live Table Games terminals. The broker kept a Buy rating on GALAXY ENT with a target price of $47. AAStocks Financial News |
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