BofA Securities: Raised the target price of Galaxy Entertainment (06881.HK) to 13.3 Hong Kong dollars and maintained a "buy" rating.

According to the Zhidao Finance APP, Bank of America Securities released a research report stating that it has raised its per-share profit estimate for China Galaxy (06881.HK) by about 4% this year. This adjustment is mainly based on the assumption that the average daily trading volume of A-shares in mainland China has been increased from 1.3 trillion RMB to 1.4 trillion RMB, compared to the average daily trading volume of 1.5 trillion RMB so far this year. The bank has raised the target price for China Galaxy from 12.9 HKD to 13.3 HKD, maintaining a "buy" rating, based on the outlook for a 10% return on equity ahead of its industry peers, and the high sensitivity of the stock to the average daily trading volume of the mainland stock market.