银河娱乐：料未来逐步上调派息，维持“增持”评级，视作行业首选股-20260303

Group 1 - The investment rating for Galaxy Entertainment is maintained at "Overweight" with a target price of HKD 52 [1] - The core performance highlights include a quarterly market share increase of 160 basis points to 21.7% and a quarterly profit expansion of 29% [1] - The final dividend of HKD 0.8 per share indicates a payout ratio of 61% for the fiscal year 2025, which is considered a solid performance but may disappoint some investors seeking higher dividends [1] Group 2 - The report did not identify any particularly negative factors in the earnings results [1] - There is an expectation that future dividends will gradually increase, with potential positive news anticipated during the mid-year results announcement for fiscal year 2026 [1]