[ET Net News Agency, 21 November 2019] UBS Global Research raised its target price for
NagaCorp (03918) to HK$16.3 from HK$13.2 and maintained its "buy" rating.
The research house said NagaCorp's share price has rallied roughly 67% year-to-date,
making it the top-performing gaming stock under the casino's coverage thus far in 2019.
Despite this, UBS thinks there is further scope for a re-rating in 2020. Mass market's
GGR, with a high gross profit margin (about 98% over the past three years), will continue
growing 27% in 2020 driven by an increase of about 55%, or 500, luxury room inventory by
1H 2020 (250 in 4Q 2019, 250 by 1H 2020). (KL)
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03918 NAGACORP
Nominal 
4.110 -0.050 (-1.202%) Research Report
21/11/2019 14:38
{I-bank focus}UBS raises NagaCorp (03918) to HK$16.3
| Remark: | Real time quote last updated: 24/04/2024 17:59 |
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