Is Galaxy Entertainment Group A Casino Stock That's Worth A Gamble?

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About: China Galaxy Securities Co., Ltd. (CGXYY), GXYEF
by: Cohan Chew
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Cohan Chew
Long only, value, Growth, growth at reasonable price
Summary

US-China trade war is pushing stocks down but could affect Macau's casino industry.

The stock has one of the industry's lowest P/E ratios of 25.

Galaxy Entertainment Group (27:HK) is expanding outside of Macau with plans to build a $500-million resort in the Philippines.

The company's revenue of HK$62.5 billion increased 18% year-on-year.

Threats from the gaming industry developing in Japan and Hainan couud be disruptive for Macau.

As a frequent Macau visitor, I have always found myself impressed with The Galaxy Macau on the Cotai Strip. Its gargantuan size, surreal diamond fountain show, magical laser display and range of gambling options make