Professional
Added to YB: 2024-11-11
Pitch date: 2024-10-17
3918.HK [bullish]
NagaCorp Ltd.
+50.82%
current return
Author Info
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Company Info
NagaCorp Ltd., an investment holding company, manages and operates a hotel and casino complex in the Kingdom of Cambodia.
Market Cap
HKD 1.9B
Pitch Price
HKD 3.29
Price Target
6.50 (+31%)
Dividend
N/A
EV/EBITDA
7.31
P/E
16.92
EV/Sales
3.49
Sector
Hotels, Restaurants and Leisure
Category
value
Show full summary:
Kathmandu Capital Portfolio Holding: NagaCorp Ltd.
3918.HK: Cambodia's monopoly casino op, 70yr license, 200km radius exclusivity till 2045. 24% ROI, 30% net margin pre-COVID. Gov't ties, FDI status. Undervalued at 6.3x fwd P/E, $2B mkt cap vs $5.1B+ RE value (2017). China crackdown & slow tourism recovery create opportunity. Est. 2x by 2030 w/ Naga 3 opening.
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