UBS Stays Bullish on Galaxy Entertainment with Buy Rating and HK$44.4 Target, Citing Chairman's Stake Increase as Sign of Confidence in Macau Outlook
Stock News
Yesterday
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%.
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