摩根大通：将银河娱乐列为2025年博彩股首选

Group 1 - Morgan Stanley believes that while gaming stocks are undervalued, there is a lack of upward momentum in the short term, suggesting investors focus on individual stocks [1] - Galaxy Entertainment is highlighted as the top pick for gaming stocks in 2025 due to its EV/EBITDA valuation of approximately 9 times, with the opening of the Galaxy Macau and the fourth phase of the Silver River scheduled for 2025 and 2027 respectively [1] - Morgan Stanley has assigned a "Buy" rating to Galaxy Entertainment with a target price of 48 HKD [2]