Streetbeat News

GXYEF

Galaxy Entertainment Group Ltd.

Industry

Casinos (except Casino Hotels)

Open

4.20

Mkt cap

19B

Volume

1.5K

High

4.30

P/E Ratio

17.20

52-wk high

5.84

Low

4.20

Div yield

0.02

52-wk low

3.35

China's property market turmoil continues to impact the stock market, with Country Garden Holdings and China Evergrande Group seeing declines. However, Sunac China Holdings managed to restructure its debt and saw a 1% increase. The Chinese government is planning to attract more investors by raising the foreign ownership cap on stocks and encouraging domestic travel to boost the economy. Despite the property market issues, investment managers are attracted to deep discounts in the consumer and tech sector in China, with stocks such as Alibaba, Baidu, and BYD Company Limited gaining attention.

Portfolio Pulse from Daniel Harrison

September 28, 2023 | 1:40 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.