Lyon: Galaxy Entertainment (00027.HK) future dividend payout ratio can reach up to 69%, maintaining a "outperform" rating.

According to the Wisdom Financial APP, a report released by Credit Suisse stated that starting from 2023, the dividend payout ratio of Galaxy Entertainment (00027.HK) will increase from 32% to 58% in the first half of 2025, while maintaining a prudent asset-liability management policy. Although the bank assumes that the dividend payout ratio will remain stable at 60%, if the company returns all regular free cash flow to shareholders, the dividend payout ratio can increase to at least 69% between 2025 and 2027. The bank pointed out that the company's cash position is solid enough to meet new investment demands and potential business impacts; there is still ample flexibility in capital utilization. The bank maintains an "outperform the market" rating with a target price of HK $50, and continues to be listed as one of the preferred choices in the Macau gaming sector because hosting major events helps the company secure a stable market share of revenue, and there is room for improvement in the dividend payout ratio.