NagaCorp 3918 / Chen Lip Keong

Re: NagaCorp 3918 / Chen Lip Keong

Postby winston » Wed Jul 24, 2019 7:22 am

not vested

NagaCorp rakes in US$245m

by Avery Chen

Cambodia-based hotel and casino operator NagaCorp (3918) yesterday, said its net profit for the first six months this year rose 36 percent year-on-year to US$245.1 million (HK$1.91 billion), due to the strong performance of integrated casino resort Naga 2, increasing foreign direct investment and tourism growth in the country.

Basic earnings per share were 5.65 US cents.

An interim dividend of 26.27 HK cents per share was declared, representing a payout ratio of 60 percent.

Earnings before interest, tax, depreciation and amortization rose 41 percent to US$327.8 million and gross gaming revenue grew 22 percent to US$872.4 million.

Mass market gross gaming revenue advanced 38 percent to US$222.5 million, VIP rollings rose 38 percent to US$23.2 billion, and non-gaming revenue remained stable at US$19.2 million.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0724&sid=2
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Re: NagaCorp 3918 / Chen Lip Keong

Postby winston » Wed Jul 24, 2019 7:22 am

not vested

NagaCorp rakes in US$245m

by Avery Chen

Cambodia-based hotel and casino operator NagaCorp (3918) yesterday, said its net profit for the first six months this year rose 36 percent year-on-year to US$245.1 million (HK$1.91 billion), due to the strong performance of integrated casino resort Naga 2, increasing foreign direct investment and tourism growth in the country.

Basic earnings per share were 5.65 US cents.

An interim dividend of 26.27 HK cents per share was declared, representing a payout ratio of 60 percent.

Earnings before interest, tax, depreciation and amortization rose 41 percent to US$327.8 million and gross gaming revenue grew 22 percent to US$872.4 million.

Mass market gross gaming revenue advanced 38 percent to US$222.5 million, VIP rollings rose 38 percent to US$23.2 billion, and non-gaming revenue remained stable at US$19.2 million.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0724&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: NagaCorp 3918 / Chen Lip Keong

Postby winston » Thu Feb 22, 2024 7:01 pm

not vested

NAGACORP(3918)

Analysis:

According to the tourism report for 2023 by the Ministry of Tourism of Cambodia, international tourist arrivals have recovered to 82.5% in 2023 compared to 2019.

For NagaCorp (3918), the recovery trend of the Mass Market segment remains intact.

The Group also observed higher average spending from the premium mass customers and an acceleration of growth in the Premium VIP Market, the Average Daily Business Volumes of which recovered to 97.7% compared to pre-pandemic level.

The Referral VIP Market continued to improve, posting significant Growth in both revenue and business volumes .

For the financial year ended 31 December 2023, the Group recorded Gross Gaming Revenue of US$514 million, representing an increase of 15.5% compared to 2022.

Net profit increased by 65.7% to US$177.7 million and Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) increased by 20.3% to US$295.3 million, with EBITDA margin rising by 2.1 percentage points to 55.4%.

According to the tourism report by the Ministry of Tourism of Cambodia, the recovery of visitation from China still lags behind with a recovery rate of 23.2% compared to 2019.

About 71.9% of the total Chinese visitor arrivals were business travellers.

The Management believes that there is room for the Mass Market segment to continue growing as the Chinese visitor arrivals to Cambodia continue to return with improved direct flight connectivity. (I do not hold the above stock)

Strategy:
Buy-in Price: $3.36, Target Price: $3.80, Cut Loss Price: $3.20

Source: Phillips
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