Lyon: Galaxy Entertainment (00027.HK) adjusted EBITDA in the third quarter exceeds expectations and maintains a "outperform market" rating.

According to the "Wisdom Finance" APP, a report released by Lyon stated that Galaxy Entertainment (00027.HK) had a third-quarter adjusted EBITDA of 3.3 billion yuan, a year-on-year increase of 14%, which was 4% higher than expected. The bank believes that Galaxy Entertainment still has an advantage in gaining market share in terms of revenue, with a net cash of 4.5 billion US dollars in the third quarter, further strengthening its financial strength. The bank still believes that in the next 12 months, the company may increase its dividend payout ratio, maintaining an "outperform the market" rating with a target price of 50.5 Hong Kong dollars, and continue to be one of the top two preferred stocks in Macao.