- Barrons.com•2 months ago
Galaxy Entertainment (27.Hong Kong) soared 3.1% on Wednesday, the second most traded stock in Hong Kong, after the Macau casino operator reported better-than-expected December quarter earnings. Gross gaming revenue grew 12% from the September quarter, above the overall market growth of 10%. As a result, net revenue at Galaxy Entertainment rose 11% quarter-on-quarter, while earnings before interest, taxes, depreciation and amortization gained 10% to 3 billion Hong Kong dollars.
- TheStreet.com•4 months ago
Bernstein set an 'outperform' rating and $21.50 price target on Melco Crown (MPEL), representing a potential upside of 28% over the stock's previous close.
- Reuters•6 months ago
Macau casino operator Galaxy Entertainment Group posted a 28 percent jump in third-quarter net profit, as newer, family-friendly projects helped draw in visitors to the Chinese territory. Galaxy's results on Wednesday portend well for its rivals such as Sands China and Wynn Macau who have also launched projects designed to appeal more to non-gamers in the world's biggest gambling hub after overall growth plummeted in the past two years. Galaxy and the five other listed casino operators in Macau have been hit by sagging demand from high roller Chinese gamblers due to a crackdown on corruption and slowing economic growth in the mainland.
GXYEF: Summary for GALAXY ENTERTAINMENT - Yahoo Finance
Galaxy Entertainment Group Limited (GXYEF)
Other OTC - Other OTC Delayed price. Currency in USD
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|Day's range||5.30 - 5.34|
|52-week range||2.83 - 5.65|
Trade prices are not sourced from all markets
|PE ratio (TTM)||28.28|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|