Casinos and Gaming

GALAXY ENT

Huatai Pacific International Downgrades Galaxy Entertainment Target Price to HKD 41.5

CICC Maintains Overweight Industry Rating and Target Price for Galaxy Entertainment

Goldman Sachs Maintains Buy Rating for Galaxy Entertainment

UBS Report: Galaxy Entertainment Reiterates Balanced Capital Allocation Strategy, Focuses on Premium Business

Galaxy Entertainment Group Introduces Board and Committee Structure

Galaxy Entertainment Chairman Louis Liu Reveals Strong Performance During May Golden Week

Galaxy Entertainment Group Releases Unaudited Q1 2026 Financial Data

Galaxy Entertainment Reports Q1 Revenue of HKD12.4 Billion

UBS Report: Macau's Gambling Industry Revenue and Operator Market Share Changes in April

CLSA Predicts 6.6% Increase in Macau's May Gambling Revenue and Rates Several Stock Performances

Galaxy Entertainment Shows Strong Recovery Post-Pandemic and Pushes for Cotai Phase IV Development

Galaxy Macau Announces Hosting of UFC Fight Night

Morgan Stanley Downgrades Macau Gaming Stocks Ratings and Target Prices

JPMorgan Maintains Overweight Rating on Galaxy Entertainment

CLSA: Macau's February Gambling Revenue Up 4.5%, Predicts 9.7% Growth in March

HSBC Maintains Buy Rating on Galaxy Entertainment with Raised Target Price

Goldman Sachs Cuts Galaxy Entertainment Target Price But Maintains 'Buy' Rating

UBS report: Galaxy Entertainment Q4 2025 beats expectations

CLSA Maintains Silverlicious 'Outperform' Rating

GALAXY ENT released FY2025 Q3 earnings on February 26 (BJT), actual revenue HKD 13.02 B (forecast HKD 12.01 B), actual EPS HKD 0.6205 (forecast HKD 0.67)

HINSANG GROUP

RIVERINE CHINA

PASHUN INT RTS

BRAINAURORA-B

SOFTMEDX

GOLDENPOWER

ZHONGKE GROUP

VISION SYNERGY

GEMILANG INTL

GHPC

Ordinary dividend (cash)

Ex Date: 2026.05.22, Cash dividend 0.8 HKD

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Citi maintains its forecast for Macau's May gross gaming revenue (GGR) at MOP22.5 billion, reflecting a 6% year-on-year increase. The first 17 days of May saw an estimated GGR of MOP12.65 billion, with a daily average of MOP693 million, down 11% from the previous period. Upcoming large-scale events at SANDS CHINA and GALAXY ENT are expected to boost gaming demand.

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Galaxy Entertainment Group

Sands China

Las Vegas Sands

VanEck Gaming ETF

Citigroup

SANDS CHINA LTD

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Citi Maintains Macau May GGR Forecast at MOP22.5B

BETZ

CICC reported that GALAXY ENT's 1Q results met expectations, with revenue of HKD12.396 billion, up 11% YoY. Adjusted EBITDA was HKD3.576 billion, aligning with market forecasts. CICC maintained its EBITDA forecasts for 2026 and 2027, reiterating an Outperform rating with a target price of HKD44.1, reflecting an 11x 2026 EV multiple.

Roundhill Sports Betting & iGaming ETF

Invesco Leisure & ENT ETF

CICC

CICC: GALAXY ENT  1Q Results In Line; Reiterates Outperform with TP HKD44.1

CICC has reaffirmed its Buy rating for Galaxy Entertainment Group (GXYEF) with a price target of HK$44.10, while the shares closed at HK$33.28. Additionally, DBS analyst Mavis Hui also issued a Buy rating for the company. In contrast, Morgan Stanley maintained a Hold rating on May 12.

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Morgan Stanley

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CICC Sticks to Its Buy Rating for Galaxy Entertainment Group (GXYEF)

Haitong International has reduced the target price for GALAXY ENTfrom HKD47.3 to HKD41.5 while maintaining an Outperform rating. The company's 1Q26 results met expectations, with net revenue of HKD12.4 billion, up 10.7% YoY, and adjusted EBITDA of HKD3.58 billion, up 8.5% YoY. GALAXY ENT's GGR increased by 16.4% YoY to HKD12.73 billion, with a market share of 19.9%. Future revenue forecasts for 2026-2028 show continued growth, with adjusted EBITDA margins projected to remain stable.

Haitong International Cuts GALAXY ENT  TP to HKD41.5; 1Q26 Results In Line, Rated Outperform

AASTOCKS Financial News reports on the latest investment ratings and target prices for GALAXY ENTfrom six brokers. Key ratings include: G Sachs (Buy, TP HKD53.2), HSBC Research (Buy, TP HKD48.5), CLSA (Outperform, TP HKD47.4), UBS (Buy, TP HKD46), M Stanley (Equalweight, TP HKD39), and Citi (Buy, TP HKD52). Overall, brokers noted that 1Q results met expectations, with positive outlooks on market share and EBITDA growth.

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Summary of Latest Ratings, TPs, Views on GALAXY ENT from Major Brokers

GALAXY ENTshares rose 2.9% to HKD33.3 after G Sachs reiterated a Buy rating, citing a solid dividend outlook despite a 17% QoQ decline in adjusted EBITDA to HKD3.6 billion. The firm expects an interim dividend of at least HKD0.8 per share, yielding about 5%. GALAXY's 1Q GGR market share reached 20.2%, with management confident in maintaining dividends and managing capital expenditures. G Sachs slightly lowered its 12-month target price from HKD53.4 to HKD53.2, noting the stock's valuation is at trough levels with potential for recovery post-June.

GALAXY ENT  Gains 3% as G Sachs Reiterates Buy on Solid Dividend Outlook, Lowers 12-Month TP to HKD53.2

Galaxy Entertainment Group has detailed its board and committee structure, highlighting the roles of executive, non-executive, and independent directors, led by chairman Francis Lui Yiu Tung. The company emphasizes corporate governance through its Audit, Corporate Governance, Executive Board, Nomination, and Remuneration Committees, with independent directors chairing key committees. The latest analyst rating for Galaxy Entertainment (HK:0027) is a Buy, with a price target of HK$51.48. The company operates in the gaming and entertainment sector, managing integrated resort and casino properties in Asia, with a market cap of HK$143.5B.

Galaxy Entertainment Details Board and Committee Structure

Galaxy Entertainment Group is revamping its board by appointing new independent and non-executive directors. The company announced the retirement of Dr. William Yip Shue Lam and Michael Victor Mecca, effective May 2026, with no disagreements reported. Sze Wine Him Jaime will join as an independent non-executive director, and Robert Charles Drake will become a non-executive director, both effective May 13, 2026. These changes aim to enhance governance and strategic oversight as the company prepares for its next growth phase. The current analyst rating for Galaxy Entertainment stock is a Buy with a price target of HK$51.48.

Galaxy Entertainment revamps board with new independent and non-executive directors

Galaxy Entertainment Group shareholders approved all resolutions at the May 12, 2026 AGM, including financial statements, a final dividend, and re-election of board members. They also supported the reappointment of PricewaterhouseCoopers as auditor and the directors’ remuneration structure. Despite some opposition to share issuance expansion, the AGM confirmed director fee levels and governance practices, ensuring board stability and financial flexibility. Analysts rate the stock as a Buy with a target price of HK$51.48, reflecting confidence in the company's future capital management and governance.

Galaxy Entertainment Investors Back All AGM Resolutions, Maintain Board and Capital Flexibility

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HSBC Research reported that Macau's GGR for the first 10 days of May was MOP7.8 billion, with an average daily GGR of MOP780 million, remaining flat YoY but up 18% MoM. The report forecasts full-month May GGR between MOP21.7 billion and MOP23.3 billion, indicating YoY growth of 2% to 10%. The broker is bullish on SANDS CHINA LTD, GALAXY ENT, and MGM CHINA, all rated Buy with unchanged target prices. Non-gaming spending by mainland visitors showed positive growth in Q1 2026, driven by shopping.

MGM CHINA

HSBC Research: Macau Avg Daily GGR in First 10 Days of May Flat; Bullish on SANDS CHINA LTD , GALAXY ENT  and MGM CHINA

GALAXY ENT(00027.HK)

Citi Maintains Macau May GGR Forecast at MOP22.5B

CICC: GALAXY ENT 1Q Results In Line; Reiterates Outperform with TP HKD44.1

CICC Sticks to Its Buy Rating for Galaxy Entertainment Group (GXYEF)

Haitong International Cuts GALAXY ENT TP to HKD41.5; 1Q26 Results In Line, Rated Outperform

Summary of Latest Ratings, TPs, Views on GALAXY ENT from Major Brokers

GALAXY ENT Gains 3% as G Sachs Reiterates Buy on Solid Dividend Outlook, Lowers 12-Month TP to HKD53.2

Galaxy Entertainment Details Board and Committee Structure

Galaxy Entertainment revamps board with new independent and non-executive directors

Galaxy Entertainment Investors Back All AGM Resolutions, Maintain Board and Capital Flexibility

HSBC Research: Macau Avg Daily GGR in First 10 Days of May Flat; Bullish on SANDS CHINA LTD , GALAXY ENT and MGM CHINA

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