Goldman Sachs: Galaxy Entertainment (00027) recorded an adjusted EBITDA of HK$3.6 billion in the fourth quarter of last year to maintain a “buy” rating

The Zhitong Finance App learned that Goldman Sachs released research reports that Hong Kong, Hainan and other cities in China have recently seen improvements in high-end luxury consumption, which is believed to support the resumption of year-on-year growth in retail sales of Galaxy Entertainment (00027). Currently, the Group's EBITDA after adjusting luck factors is expected to reach HK$3.6 billion last quarter. Actual performance is better or better, maintaining a “buy” rating, and a target price of HK$53.7.

Recently, the 2026 Asia-Pacific Consumer and Leisure Industry Business Day held at the bank had an exchange with Galaxy Entertainment management. The management revealed that the market share increased in the fourth quarter of last year. According to Goldman Sachs estimates, it increased 1.4 percentage points to 21.8% quarterly during the period, higher than its previously proposed target of reaching about 21% by the end of the year. I believe it was partly driven by a higher-than-normal VIP room win rate.