Citibank: Initiating a 30-day positive catalysis observation on GALAXY ENT (00027)
The target price for this stock is set at HK$51.5 with a "buy" rating.
Citibank released a research report stating that it will begin a 30-day positive catalytic observation on GALAXY ENT(00027), as the bank expects the Macau gaming industry to have around a 3% increase in EBITDA in the second quarter, which could drive up the stock price during the group's performance announcement in mid-August. The bank currently has a target price of 51.5 Hong Kong dollars and a "buy" rating on the stock.
