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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Galaxy Entertainment Group Limited    0027   HK0027032686

GALAXY ENTERTAINMENT GROUP LIMITED

(0027)
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Galaxy Entertainment : 1st Half Net Profit Fell 7%

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08/13/2019 | 01:55am EDT

By Yi Wei Wong

Galaxy Entertainment Group Ltd. (0027.HK) said its first-half net profit fell 7%, as a challenging VIP segment weighed on earnings.

Net profit for the first half was 6.68 billion Hong Kong dollars (US$851.0 million), compared with HK$7.21 billion in the same period a year ago, the casino operator said Tuesday.

Revenue for the period was HK$26.22 billion, compared with HK$28.06 billion a year earlier, the company said.

Gross gambling revenue fell 11% to HK$30.60 billion, pulled down by the VIP market, it said. Gambling revenue from VIP players fell 25% to HK$14.80 billion, the company said, as competition from regional casinos intensified and gamblers tightened their belts amid a slowing global economy.

Galaxy Entertainment said it would proceed with a HK$1.5 billion renovation of its Galaxy Macau property, the main contributor to the group's revenues.

Write to Yi Wei Wong at yiwei.wong@wsj.com

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Financials (HKD)
Sales 2019 56 941 M
EBIT 2019 12 608 M
Net income 2019 13 337 M
Finance 2019 22 081 M
Yield 2019 1,94%
P/E ratio 2019 16,0x
P/E ratio 2020 15,3x
EV / Sales2019 3,35x
EV / Sales2020 2,96x
Capitalization 213 B
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Technical analysis trends GALAXY ENTERTAINMENT GROUP
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 25
Average target price 62,16  HKD
Last Close Price 49,15  HKD
Spread / Highest target 91,0%
Spread / Average Target 26,5%
Spread / Lowest Target -8,44%
EPS Revisions
Managers
NameTitle
Che Woo Lui Chairman
Robert Charles Drake Group Chief Financial Officer
James Houghton Director-Information Systems & Technology
Wai Bun Cheung Non-Executive Director
James Ross Ancell Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
GALAXY ENTERTAINMENT GROUP LIMITED-1.40%27 451
SANDS CHINA LTD.5.80%37 630
ARISTOCRAT LEISURE LIMITED33.15%12 659
WYNN MACAU LTD-2.44%11 129
MELCO RESORTS & ENTERTAINMENT LTD(ADR)17.65%9 534
CAESARS ENTERTAINMENT CORP70.84%7 978