Citibank: Add Galaxy Entertainment (00027) to the 30-day upward catalyst watch list with a target price of HK$44

The Zhitong Finance App learned that Citibank released a research report saying that Galaxy Entertainment (00027) is expected to be the operator with the biggest increase in EBITDA market share in the second quarter of this year (up 1.7 percentage points to about 24.2%, according to the bank's forecast). It believes this will have a positive impact on its recent stock price performance, and included GEG in the 30-day upward catalyst watch list, with a target price of HK$44 and a “buy” rating. The bank pointed out that Galaxy Entertainment's expansion plans still have a long way to go, and indicated that GEG plans to build phase four and a hotel and resort project, which will drive its future growth.