 |
|
  |
2009-6-3 12:00:00 p.m. HKT, XFNA
DJ MARKET TALK: Citi Raises Galaxy Target 21.7%,But Keeps At Sell
|
| |
| 1150 [Dow Jones] STOCK CALL: Citigroup raises Galaxy Entertainment (0027.HK) target to HK$1.68 vs HHK$1.38, after raising sum-of-the-parts based NAV to HK$2.55 from HK$2.17, as global peers currently trading at higher multiples. But keeps at Sell on expectation Galaxy's existing casinos to lose market share after opening of City of Dreams. Raises FY10-FY11 earnings estimates by 10%-18% to reflect lowered net interest expenses after debt repurchase exercise completed earlier in year. Stock +0.4% at HK$2.30; HSI +2.1%.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
(Delayed by 1 hour)
-0-
Copyright (c) 2009 Dow Jones & Company, Inc. |
| |
News Provided by XFNA |
| |
|
| Copyright(C) AASTOCKS.com Limited 2000. All rights reserved |
| |
|
|
|
