UBS has released a research note maintaining a Buy rating on Galaxy Entertainment (00027) with a target price of HK$44.4.

The company's chairman, Lui Yiu Tung, increased his stake at an average price of HK$28.25 per share, involving HK$130 million in capital, which raised his shareholding by 0.1 percentage point to 54.24%.

UBS views the chairman's stake increase as a positive signal, believing it reflects management's confidence in Macau's outlook as well as the attractiveness of the company's valuation.

Currently, Galaxy Entertainment's expected dividend yield for 2026 stands at 6.2%.