Galaxy Entertainment's Covid recovery is on track, with Q3 2024 revenue and EBITDA reaching 84% and 79% of pre-pandemic levels, respectively. Read more here.

Galaxy Entertainment's fourth-quarter gross gaming revenue, or GGR, and adjusted EBITDA increased by 9% and 10%, respectively, from the previous quarter, reaching HKD 11 billion and HKD 3.2 billion.

We maintain Galaxy’s fair value estimate at HKD 52.00 per share, given its in-line third-quarter results and growth momentum in October. Our tweaks to earnings forecasts are minor, and we think ...