Professional
Added to YB: 2024-07-25
Pitch date: 2024-07-23
3918.HK [bullish]
NagaCorp Ltd.
+31.13%
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 3.78
Price Target
7.70 (+55%)
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): Casino traffic nearing pre-COVID levels. Chinese tourism +50% YoY, airport arrivals +78% of 2019. New airport boosting flights. PM Hun Manet deepening int'l ties. Record FDI expected. Trading at discount to historical avg & Macau peers. 100%+ upside by 2029 post-debt paydown & tourism recovery. Risks: 2024 debt overhang.
Read full article (2 min)