Naga share price fall seen as strong buying opportunity

NagaWorld-view

The steep fall in the shares of Hong Kong-listed Nagacorp present a good buying opportunity for investors, according to Seeking Alpha.

The report argues that the operator of Cambodia’s NagaWorld casino has strong business fundamentals, underpinned by its license monopoly within a 200km radius of the capital Phnom Penh.

Prior to the pandemic Nagacorp was one of Asia’s most profitable casinos. Its shares have dropped 45 percent since the February peak for the year.

Seeking Alpha