Professional
Added to YB: 2024-04-08
Pitch date: 2024-04-05
3918.HK [bullish]
NagaCorp Ltd.
+26.83%
current return
Author Info
No bio for this author
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 3.91
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.31
P/E
16.92
EV/Sales
3.49
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Kathmandu Capital Portfolio Holding: NagaCorp Ltd.
NagaCorp (3918.HK) rebounding despite skepticism. Shift from referral VIPs (2% margin) to mass (71%) & premium VIP (23%) to boost profits. $472M debt concerns eased. Naga3 project resized for profitability. Tourism at 73% of 2019 levels (China at 29%), new airport offers long-term growth potential. Patience will be rewarded.
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