- Galaxy Entertainment’s 1Q adjusted Ebitda came up short, reaching HK$2.84 billion against an estimate of HK$3.07 billion.
- The rolling chip volume for Galaxy Macau was reported at HK$37.43 billion.
- Revenue for the company hit HK$10.55 billion, not quite meeting the estimated HK$10.74 billion.
- Mass table gross gaming revenue saw a significant increase of 57%.
- The reported mass table gross gaming revenue was HK$7.73 billion, under the estimated HK$8.06 billion.
- VIP gross gaming revenue exceeded estimates, coming in at HK$1.30 billion against an estimate of HK$1.18 billion.
- The VIP gross gaming revenue grew by 64%.
- Market sentiment remains positive, with 23 buys, 2 holds, and no sells in ratings.
Galaxy Entertainment Group on Smartkarma
Analysts on Smartkarma, like Howard J Klein, are providing insightful coverage on Galaxy Entertainment Group. In a recent report titled “Our High Conviction Asia Based Gaming Stocks Signal Buy on the Dip Entry Points,” Klein expresses a bullish sentiment towards Asian gaming stocks, including Galaxy Entertainment Group. Klein highlights the undervaluation of these companies attributed to the rapid recovery in gross gaming revenues in Macau and the Philippines. He emphasizes the strong balance sheets, rising revenues, and improved margins of these gaming companies, suggesting that their current valuations may not fully reflect their growth potential.
A look at Galaxy Entertainment Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Galaxy Entertainment Group Limited, a company that runs casino and hotel establishments in Macau, is seen to have a positive long-term outlook based on the Smartkarma Smart Scores. With a strong focus on growth and resilience, Galaxy Entertainment Group has been rated highly in these areas, indicating a promising future for the company’s expansion and ability to withstand challenges. Additionally, the company’s momentum score suggests a good potential for continued positive performance in the coming years.
While Galaxy Entertainment Group scores lower in terms of value and dividend, its high marks in growth, resilience, and momentum showcase a company poised for success and growth in the long run. With its diverse business operations that also include the manufacturing and distribution of construction materials, Galaxy Entertainment Group is positioned well to capitalize on opportunities in the entertainment and construction sectors, making it a company to watch in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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