Galaxy Ent stock falls 4.17 percent as Macau gaming slows

Published on 10/04/2026 at 13:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Galaxy Ent stock reflects Macau pressure after September GGR was down 1 percent year over year. First-half revenue reached HKD 24.2 billion, while 21 analysts set a HKD 44.92 target.

Galaxy Ent, HK0027032686, Illustration mit AI erstellt.

Galaxy Ent (ISIN HK0027032686) stock was last at HKD 30.30 on the Hong Kong Stock Exchange on October 2, 2026, down 4.17 percent from the previous session. The move followed fresh pressure on Macau gaming revenue, with Goldman Sachs reporting on October 2 that September GGR fell 1 percent year over year.

Macau data set the tone

The September figure represented a seasonal slowdown after the summer period and came ahead of the October Golden Week holiday, according to Goldman Sachs. The bank said third-quarter 2026 total gaming revenue reached MOP 60.2 billion, down 1 percent quarter over quarter and 4 percent year over year.

Interim figures show growth

In its interim report dated August 12, 2026, Galaxy Entertainment Group reported HKD 24.2 billion in net revenue for the first half of 2026, up 4 percent year over year. Adjusted EBITDA reached HKD 7.0 billion, up 1 percent, while net profit attributable to shareholders rose 1 percent to HKD 5.3 billion.

The operating mix was more constructive than the headline market data: Galaxy Macau revenue increased 6 percent to HKD 20.3 billion, and its adjusted EBITDA rose 3 percent to HKD 6.5 billion in the same period. Construction materials adjusted EBITDA declined 30 percent to HKD 298 million, providing a concrete counterweight to the resort business.

Analysts see a wide valuation gap

A consensus published by Investing.com assigns Galaxy Entertainment Group a Strong Buy rating from 21 analysts and an average 12-month target of HKD 44.92. The target lies 48.25 percent above the HKD 30.30 reference price, with published estimates ranging from HKD 36.00 to HKD 51.48.

Stock remains below yearly high

Galaxy Ent stock traded within a 52-week range of HKD 28.68 to HKD 44.22 on October 2, 2026, with volume of 28,269,091 shares and market capitalization of HKD 132.7 billion. The price was 31.47 percent below the 52-week high, keeping Macau demand and the company's earnings mix central to the valuation debate.