GALAXY ENTERTAINMENT-FAIR VALUE ESTIMATION

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GALAXY ENTERTAINMENT-FAIR VALUE ESTIMATION

Post by Admin on Thu May 04, 2017 8:52 am


Galaxy Entertainment announced its 2017 Q1 result. As currently its price already exceeded my fair value and I'm not aware of anyone holding it, hence i shall not comment on its financial. Nevertheless, it is highly recommended to read up more about this company because it is a very solid casino player in Macau. Galaxy have planned to build a total of 4 phases of casino and resorts and currently Galaxy phase 1 & 2 are in operation and they are in the process of building phase 3 which model the Avatar concept. Upon completion of the remaining 2 phases, its size is expected to double, in addition, recently they announced their interests to set up a 3rd party joint venture to bid for Japan casino, thus there is lot of growth potential in this company.Thank you.






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