Citigroup: GALAXY ENT (00027) included in the list of catalyst observatories for the next 30 days, with a target price of HKD 44.

Citigroup released a research report stating that it is expected that GALAXY ENT (00027) will become the industry with the largest increase in EBITDA market share in the second quarter of this year (according to the bank's forecast, an increase of 1.7 percentage points to about 24.2%). They believe this will have a positive impact on its recent stock price performance and have included Galaxy Entertainment in their list of 30-day catalyst observations, giving it a target price of HK$44 and a "buy" rating. The bank pointed out that Galaxy Entertainment's expansion plans still have a long way to go and mentioned that the company plans to build four phases and a hotel resort project, which will drive its future growth.