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The latest update is out from NagaCorp ( (HK:3918) ).
NagaCorp Ltd. has mutually agreed with its subscriber to terminate the Naga 3 Subscription Agreement due to changing macroeconomic conditions. Despite the termination, which includes forfeiting a $316 million cash advance, the company plans to continue with the Naga 3 project and explore alternative funding sources, ensuring no adverse impact on its financial position.
The most recent analyst rating on (HK:3918) stock is a Buy with a HK$7.50 price target. To see the full list of analyst forecasts on NagaCorp stock, see the HK:3918 Stock Forecast page.
More about NagaCorp
NagaCorp Ltd. operates in the entertainment and hospitality industry, focusing on the development and management of integrated resort complexes. Its primary market focus is in Phnom Penh, Cambodia, where it is involved in the Naga 3 project, a multi-entertainment resort complex.
YTD Price Performance: 72.64%
Average Trading Volume: 9,151,566
Technical Sentiment Signal: Buy
Current Market Cap: HK$21.94B
Learn more about 3918 stock on TipRanks’ Stock Analysis page.