Friday, March 29, 2024
HomeNewsCambodiaUnion Gaming confirms Nagacorp "buy" rating, cuts target price

Union Gaming confirms Nagacorp “buy” rating, cuts target price

FOLLOW US

Nagacorp has been confirmed as a “buy” by Union Gaming following the release of its Q4 results, though its target share price has been trimmed to $12.50 from $13.50 due to the new shutdown of NagaWorld.

Analyst John DeCree says the closure is unlikely to be as long as last year, but may delay the recovery process.

Longer term, “Naga is uniquely positioned for a continued strong recovery with a deep local market and a large barrier to entry with its exclusivity in Phnom Pehn, coupled with a robust long-term growth profile supported by continued organic economic growth in Cambodia and the planned Naga 3 development.”

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

RELATED ARTICLES