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1928 Sands China News Story

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Consumer CyclicalsAdventurousLarge CapNeutral

Galaxy Entertainment rises on higher H1 profit, rivals climb

** Shares of Galaxy Entertainment Group 0027.HK rise 2.4% to HK$40.52, on course to snap two sessions of decline

** The operator of hotels and casinos in Macau says its first half net profit rose 19% y/y, adjusted EBITDA jumped 14% y/y and net revenue is up 8% y/y

** Adds, Q2 net revenue rose 10% y/y, adjusted EBITDA up 12% y/y

** Shares of rivals climb, with SJM 0880.HK, Sands China 1928.HK, Wynn Macau 1128.HK, Melco 0200.HK and MGM China 2282.HK up between 0.3% and 2.1%

** Hang Seng Commerce & Industry Index .HSNC eases 0.2%, benchmark Hang Seng Index .HSI down 0.1%

** YTD, Galaxy shares up 21.8%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))

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