GXYYY - Galaxy Entertainment: A Beneficiary Of Internal And External Tailwinds (Upgrade)
2025-03-17 11:42:21 ET
Summary
- I upgraded Galaxy Entertainment Group Limited to a Buy after analyzing corporate and industry developments.
- GXYYY stock is poised for further share gains, taking into account the company's plans to optimize its property portfolio, and its strong entertainment event pipeline.
- Macau's February 2025 Gross Gaming Revenue was better than expected, which has favorable read-throughs for the industry's full-year outlook.
My rating for Galaxy Entertainment Group Limited ( GXYYY ) ( GXYEF ) (0027:HK) or GEGL is raised to a Buy. I was previously Neutral, considering the positive Q3 results and competition-related risks outlined in the late-Nov 2024 article ....
Galaxy Entertainment: A Beneficiary Of Internal And External Tailwinds (Upgrade)