花旗:维持金界控股“沽售”评级 目标价下调至3.5港元

Citigroup: Maintains the “sell and sell” rating of Goldworld Holdings and lowers the target price to HK$3.5

新浪港股 ·  10/05/2023 14:45

According to a research report released by Citi, the number of people visiting Cambodia from the mainland in August this year remained at about 23% of the 2019 level. The bank said that when the number of travelers picks up as the capacity of outbound flights from the mainland improves, they may go to other high-quality casinos that provide better services first. It is believed that with the addition of new products, Goldworld Holdings (03918) will become a contributor to market share in the next few years, maintain its “sell and sell” rating, and lower the target price from HK$3.65 to HK$3.5.

According to the report, the financial sector's EBITDA for the third quarter of this year fell 13% quarterly to 72 million US dollars and 13% quarterly, slightly lower than the bank's forecast of 75 million US dollars, while quarterly gambling revenue fell 6% to 127 million US dollars during the quarter. The bank believes this is mainly due to lower than expected VIP recommendations this season.

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