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<Research>JPM Expects GALAXY ENT (00027.HK) to Gradually Raise Div. in Future, Keeps Overweight Rating as Top Pick
Recommend 3 Positive 8 Negative 3 |
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GALAXY ENT (00027.HK) announced its annual results for the year ended December 2025 yesterday, according to JPMorgan's research report. Of which, its 4Q25 results exceeded the already raised market expectations, with market share increasing by 160 bps QoQ to 21.7%, and profit expanding by 29% QoQ. Its final DPS of $0.8 implies a dividend payout ratio of 61% for FY2025, which is a solid performance, in line with the broker's estimation, but a margin letdown for some bulls hoping for more. Therefore, JPMorgan kept rating at Overweight for GALAXY ENT as its top pick, with a target price of $52, amid a 'selective' view on the sector. Some had originally expected a larger incline. It is anticipated that dividends will be gradually increased in the future, with potentially more good news when the interim results for FY2026 are announced in August, according to JPMorgan's recent communications with investors. AASTOCKS Financial News Website: www.aastocks.com |
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