UBS: Galaxy Entertainment (00027.HK) third quarter EBITDA in line with expectations, maintaining "buy" rating with target price of 46.9 Hong Kong dollars.

According to the Caijing APP, UBS released a research report stating that Galaxy Entertainment (00027.HK) had an EBITDA of approximately 3.3 billion in the third quarter, a year-on-year increase of 14% but a quarterly decrease of 6%. Adjusting for the impact of VIP room win rate, the EBITDA still reached 3.3 billion, in line with the expectations of the bank and the market. The bank maintains a "buy" rating on Galaxy Entertainment with a target price of 46.9 Hong Kong dollars.