Rakuten Trade Research Reports

Foreign Equities (HK): GALAXY ENTERTAINMENT GROUP L - Indicators

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Publish date: Tue, 02 May 2023, 09:14 AM
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TECHNICAL ANALYSIS

Share price has been trending above all the key moving average lines. Though profit taking was seen on the trading day before the long weekend arrvied, we believe sentiment is still positive on the news that chinese tourist flock to gambling hub Macau for Labour day holiday. Coupled with indicators showing uptick momentum, share price might trend higher to its 52 week high.

Fundamentals

Net profit is expected to grow at a CAGR of 43% for the next 3 years with improving net margins of above 21%.

Source: Rakuten Research - 2 May 2023

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