MS-GEG @EP2611A

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)

GALAXY ENT released FY2025 9 Months Earnings on February 26, 2026 (BJT) with actual revenue of HKD 36.27 B and EPS of HKD 1.8155

Lui Yiu Tung, SJM Chairman, Comments on Lunar New Year Performance and Outlines Future Plans

REF HOLDINGS

KANGLI INT HLDG

JY GRANDMARK

GANGLONG CHINA

EDICO HOLDINGS

SHING CHI HLDGS

KWONG MAN KEE

JIN MI FANG GP

ZHONGKE GROUP

CH DEMETER FIN

00027

GXYYY

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.

AASTOCKS News

GALAXY ENT

Galaxy Entertainment Group

Goldman Sachs

HSBC HOLDINGS

HSBC

UBS Group AG

Morgan Stanley

Citigroup

GS Hldg R

HSBC 5xShortSG241213

HSBC Holdings Plc

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

CITIGROUP INC 6.250 NON CUM SER II PFD WI

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.

Tip Ranks

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

BETZ

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.

Roundhill Sports Betting & iGaming ETF

VanEck Gaming ETF

Invesco Leisure & ENT ETF

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

02282

01928

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

SANDS CHINA LTD

Sands 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 ENTreported a 1Q26 net revenue of HKD12.4 billion, up 11% YoY but down 10% QoQ. Adjusted EBITDA was HKD3.6 billion, up 8% YoY and down 17% QoQ, influenced by hold rate fluctuations. GGR reached HKD12.7 billion, up 16% YoY. Galaxy Macau's net revenue was HKD10.3 billion, while StarWorld Macau reported HKD1.3 billion. The Group's cash and liquid investments totaled HKD39.2 billion, with net cash at HKD36.5 billion, supporting future investments and shareholder returns. The company is advancing Phase 4 development in Cotai, focusing on non-gaming facilities.

GALAXY ENT  1Q26 Net Revenue +11% YoY; Adjusted EBITDA +8% YoY

Galaxy Entertainment Group reported Q1 2026 net revenue of HK$12.4 billion, an 11% year-on-year increase but a 10% decrease quarter-on-quarter. Adjusted EBITDA rose 8% year-on-year to HK$3.6 billion. The company is focusing on expansion in Macau, hosting over 80 events, and advancing its Phase 4 project to enhance non-gaming amenities. Analysts rate the stock as a Buy with a target price of HK$48.00. Galaxy maintains a strong balance sheet with HK$39.2 billion in cash, supporting its growth and dividend plans.

Galaxy Entertainment posts steady Q1, doubles down on Macau expansion and live events

01128

WYNN

Jefferies anticipates GALAXY ENT's 1Q adjusted EBITDA to rise 5% to 3.5 billion, with an EBITDA margin of 27%. The report notes that while inbound visitors to Macau increased slightly during Golden Week, GGR for early May was flat YoY, indicating tougher comparisons ahead. Jefferies expects quarterly GGR to grow 18% and revenue to increase 17% to 16.7 billion. The broker favors GALAXY ENT and WYNN MACAU for their strong performance in the premium mass segment, despite their higher valuations compared to industry averages.

MS-GEG @EP2611A(28930.HK)

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

GALAXY ENT 1Q26 Net Revenue +11% YoY; Adjusted EBITDA +8% YoY

Galaxy Entertainment posts steady Q1, doubles down on Macau expansion and live events

GALAXY ENT to Report Results Today; Jefferies Expects 1Q Adjusted EBITDA +5%