---
title: "In \"Major Banks,\" CICC lowers Galaxy Entertainment's adjusted EBITDA forecast for the next two years while maintaining an \"Outperform\" rating"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/265064583.md"
description: "CICC has lowered its adjusted EBITDA forecast for Galaxy Entertainment for the next two years to HKD 14.031 billion and HKD 14.923 billion, representing a decrease of 1% and 3%, respectively. Revenue in the third quarter increased by 14% year-on-year to HKD 12.163 billion, in line with market expectations. CICC believes that performance is affected by intensified market competition and the normalization of VIP room win rates, maintaining an \"outperform industry\" rating with a target price of HKD 44.8"
datetime: "2025-11-10T03:46:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265064583.md)
  - [en](https://longbridge.com/en/news/265064583.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265064583.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/265064583.md) | [English](https://longbridge.com/en/news/265064583.md)


# In "Major Banks," CICC lowers Galaxy Entertainment's adjusted EBITDA forecast for the next two years while maintaining an "Outperform" rating

CICC pointed out that Galaxy Entertainment (00027.HK) reported a 14% year-on-year increase in revenue for the third quarter to HKD 12.163 billion, which is 96% of the same period in 2019; adjusted EBITDA rose 14% year-on-year to HKD 3.341 billion, which is 81% of the same period in 2019, in line with market expectations of HKD 3.321 billion. The firm believes that Galaxy Entertainment's performance is affected by increased operating expenses due to intensified market competition and the normalization of VIP room win rates.

Based on the increase in operating expenses, the firm has lowered its adjusted EBITDA forecasts for Galaxy Entertainment for this year and next year by 1% and 3%, to HKD 14.031 billion and HKD 14.923 billion, respectively. The firm maintains a "outperform the industry" rating for Galaxy Entertainment, with a target price of HKD 44.8

### 相關股票

- [Galaxy Entertainment Group (GXYYY.US)](https://longbridge.com/zh-HK/quote/GXYYY.US.md)
- [GALAXY ENT (00027.HK)](https://longbridge.com/zh-HK/quote/00027.HK.md)

## 相關資訊與研究

- [Why Archer’s Technology Matters for Global Industries](https://longbridge.com/zh-HK/news/281301027.md)
- [Light & Wonder Seeks ASX Quotation for Additional CDIs](https://longbridge.com/zh-HK/news/280927611.md)
- [General Dynamics' Q1 2026 Earnings: What to Expect](https://longbridge.com/zh-HK/news/281006069.md)
- [BlackRock Grows Australia Wealth Fund Mandate 74% in Two Years](https://longbridge.com/zh-HK/news/281292328.md)
- [Is It Time To Reconsider Disney (DIS) After Recent Streaming And Parks Updates?](https://longbridge.com/zh-HK/news/281104949.md)