--- title: "Jefferies: Maintains \"Buy\" rating on Galaxy Entertainment, predicts last quarter's adjusted EBITDA will increase by 10% year-on-year" description: "Jefferies maintains a \"Buy\" rating on Galaxy Entertainment, predicting that last quarter's adjusted EBITDA will increase by 10% year-on-year to HKD 3.099 billion, and rise by 5% quarter-on-quarter. Re" type: "news" locale: "en" url: "https://longbridge.com/en/news/225301984.md" published_at: "2025-01-17T06:54:51.000Z" --- # Jefferies: Maintains "Buy" rating on Galaxy Entertainment, predicts last quarter's adjusted EBITDA will increase by 10% year-on-year > Jefferies maintains a "Buy" rating on Galaxy Entertainment, predicting that last quarter's adjusted EBITDA will increase by 10% year-on-year to HKD 3.099 billion, and rise by 5% quarter-on-quarter. Revenue is expected to grow by 12% quarter-on-quarter, and gaming gross revenue is projected to increase by 7% to HKD 10.9 billion, outperforming the industry growth of 3%. Benefiting from events and concerts, Galaxy Macau's Phase III business expansion is underway. The net profit forecast for last year has been revised down by 2.4%, while the forecasts for this year and next year remain unchanged, with a target price of HKD 47 Jefferies released a report predicting that Galaxy Entertainment's adjusted EBITDA for the last quarter will increase by 10% year-on-year to HKD 3.099 billion, up 5% quarter-on-quarter, with revenue rising 12% quarter-on-quarter. Gaming gross revenue is expected to rise 7% quarter-on-quarter to HKD 10.9 billion, outperforming the industry’s 3% growth, benefiting from a rich lineup of events and concerts, including performances by Andy Lau, Dao Lang, and the South Korean girl group I-DLE, as well as the continued expansion of Galaxy Macau's Phase III operations, which includes upgrades to the Starworld Hotel and the establishment of the largest live table game terminal in Macau. The firm expects the market to focus on the progress of high-end mass market operations throughout the year, based on the opening of Galaxy Capella in mid-year. The firm has lowered its forecast for Galaxy Entertainment's net profit last year by 2.4%, which is generally in line with the revised adjusted EBITDA forecast, and has largely maintained its forecasts for this year and next year, maintaining a "Buy" investment rating and a target price of HKD 47 ### Related Stocks - [GXYYY.US - Galaxy Entertainment Group](https://longbridge.com/en/quote/GXYYY.US.md) - [00027.HK - GALAXY ENT](https://longbridge.com/en/quote/00027.HK.md) - [06862.HK - HAIDILAO](https://longbridge.com/en/quote/06862.HK.md) - [06610.HK - FLOWING CLOUD](https://longbridge.com/en/quote/06610.HK.md) - [600258.CN - BTG Hotels](https://longbridge.com/en/quote/600258.CN.md) - [01179.HK - HWORLD-S](https://longbridge.com/en/quote/01179.HK.md) - [06683.HK - STARPLUS LEGEND](https://longbridge.com/en/quote/06683.HK.md) - [002153.CN - Shiji Information Technology](https://longbridge.com/en/quote/002153.CN.md) - [600754.CN - JINJIANG HOTELS](https://longbridge.com/en/quote/600754.CN.md) - [00780.HK - TONGCHENGTRAVEL](https://longbridge.com/en/quote/00780.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 银河娱乐 (27.HK)：资金冲高活跃，旅游复苏预期推升高波动，分时关注获利回吐压力 | 2 月 3 日早盘，银河娱乐表现强势，一度突破布林带上轨，资金流入迅猛成为市场关注焦点。受益于港澳地区复常以及春节旅游全面复苏预期，板块资金涌入激发市场高度活跃。澳门旅游局披露的春节酒店预订高位数据推升新一轮旅客潮的乐观情绪，主力做多节奏加 | [Link](https://longbridge.com/en/news/274628144.md) | | 银河娱乐 (27.HK)：资金冲高活跃，旅游复苏预期推升高波动，分时关注获利回吐压力 | 2 月 3 日早盘，银河娱乐表现强势，一度突破布林带上轨，资金流入迅猛成为市场关注焦点。受益于港澳地区复常以及春节旅游全面复苏预期，板块资金涌入激发市场高度活跃。澳门旅游局披露的春节酒店预订高位数据推升新一轮旅客潮的乐观情绪，主力做多节奏加 | [Link](https://longbridge.com/en/news/274626047.md) | | 一文读懂 2026 年至今的全球市场：什么在涨？美股为何不行？这种趋势会持续吗？ | 高盛报告揭示 2026 年市场新风向：周期性资产上涨仍有空间；但 AI 等热门主题估值过高，高波动或成为未来常态；美元将持续疲软；建议警惕高估值板块，分散股票持仓、保持健康的非美敞口（包括新兴市场），以及较长期限指数波动率的做多头寸。 | [Link](https://longbridge.com/en/news/276406606.md) | | 现场之国娱乐｜8-K：2025 财年营收 252 亿美元超过预期 | | [Link](https://longbridge.com/en/news/276381205.md) | | Caesars ENT｜10-K：2025 财年营收 115 亿美元超过预期 | | [Link](https://longbridge.com/en/news/276170026.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.