Group 1 - The core viewpoint of the articles indicates a rebound in Hong Kong's gaming stocks, particularly in the Macau gaming sector, with significant increases in stock prices for companies like Melco International Development and Galaxy Entertainment [1] - According to a report by Jefferies, Macau's gaming revenue has shown strong growth, with an average daily revenue of 693 million MOP as of January 11, reflecting an 18% year-on-year increase [1] - Jefferies' industry survey suggests that Macau's gaming revenue is expected to grow by 15% to 21% year-on-year for the entire month of January [1] Group 2 - Specific stock performance includes Melco International Development rising by 3.5%, Galaxy Entertainment and Huayi Tencent Entertainment increasing by over 3%, and Sands China and Wynn Macau rising by over 2% [2] - The report highlights a shift in investor preference towards U.S. regional gaming stocks, although Jefferies maintains that the fundamentals of stocks primarily operating in Macau are superior to their peers [1] - Jefferies continues to favor Wynn and Sands in the U.S. market, as well as Galaxy Entertainment and Sands China in the Hong Kong market [1]

Group 1 - The Hong Kong gaming stocks, which have been experiencing a continuous decline, are now witnessing a rebound in the market [1] - Notable gains include SJM Holdings rising by 3.5%, while Galaxy Entertainment, Melco International Development, and MGM China all increased by over 3% [1] - Sands China and Wynn Macau saw increases of over 2%, and both Genting Hong Kong and Amax Holdings rose by 1% [1]

Group 1 - The core viewpoint of the articles indicates a rebound in Hong Kong gaming stocks, with notable increases in share prices for companies such as Melco International Development, Galaxy Entertainment, and MGM China [1] - According to a report by Jefferies, Macau's gaming revenue is expected to show strong growth, with an average daily revenue of MOP 693 million for the first seven days of January, representing an 18% year-on-year increase [1] - Jefferies' industry survey suggests that Macau's gaming revenue for January could achieve a year-on-year growth of 15% to 21% [1] Group 2 - Specific stock performance includes Melco International Development rising by 3.5%, Galaxy Entertainment and Huayi Brothers Media increasing by over 3%, and Sands China and Wynn Macau rising by over 2% [2] - The report highlights a shift in investor preference towards U.S. regional gaming stocks, although Jefferies maintains that the fundamentals of stocks primarily operating in Macau are superior to their peers [1] - Jefferies continues to favor Wynn and Sands in the U.S. market, as well as Galaxy Entertainment and Sands China in the Hong Kong market [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: NagaCorp Ltd. 金界控股有限公司 呈交日期: 2026年1月2日 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03918 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | USD | | 0.0125 USD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 8,000,000,000 | USD | | 0.0125 USD | | 100,000,000 | 本月底法定/註冊股本總額： USD ...

Group 1 - The core viewpoint of the article highlights the significant decline in the stock price of NagaCorp (03918), which fell over 4% and is currently trading at 4.59 HKD with a transaction volume of 34.06 million HKD [1] - NagaCorp is identified as the largest operator in the gaming and hotel industry in Cambodia [1] - The company has recently terminated a financing agreement for the Naga 3 project with its major shareholder, resulting in a loss of 316 million USD that will be recorded as reserve funds [1] Group 2 - Despite the termination of the financing agreement, NagaCorp plans to continue the development of the Naga 3 project and will assess the remaining development plans, exploring alternative funding channels if necessary [1] - The article mentions escalating conflicts in the Cambodia-Thailand border region, prompting the Chinese embassy to advise citizens in the area to enhance safety precautions [1] - The Chinese Ministry of Foreign Affairs is sending a special envoy to Cambodia and Thailand to mediate the border conflict [1]

Core Viewpoint - The stock of NagaCorp (03918) has declined over 4%, currently trading at HKD 4.59 with a transaction volume of HKD 34.06 million, amid escalating conflicts in the Cambodia-Thailand border region [1] Group 1: Company Overview - NagaCorp is the largest operator in the gaming and hotel industry in Cambodia [1] - The company has recently terminated a financing agreement for the Naga 3 project with its major shareholder, resulting in a forfeiture of USD 316 million to be added to its reserves [1] - Despite the termination of the agreement, NagaCorp plans to continue the development of the Naga 3 project and will assess the remaining development plans, exploring alternative funding sources if necessary [1] Group 2: Industry Context - The Cambodia-Thailand border has seen renewed violent conflicts since December 7, prompting the Chinese embassy in Cambodia to advise citizens in the area to enhance safety precautions [1] - The Chinese Ministry of Foreign Affairs' special envoy for Asian affairs is scheduled to visit Cambodia and Thailand to mediate the border conflict [1]

Core Viewpoint - NagaCorp Limited (03918.HK) has mutually terminated the subscription agreement for the Naga3 project in Cambodia due to changes in the external macroeconomic environment, with both parties agreeing that this decision is in their best commercial interests [1] Group 1: Termination of Subscription Agreement - The mutual termination agreement was signed on December 15, 2025, and the total cash advance of $316 million paid by the subscriber has been forfeited and included in the company's reserves [1] - The company has no obligation to issue any settlement shares related to the cash advance [1] - The board believes that the termination of the subscription agreement will not have any significant adverse impact on the group's existing business or financial condition [1] Group 2: Future Plans for Naga3 Project - Despite the termination of the subscription agreement, the company plans to continue the development of the Naga3 project [1] - The company will assess the remaining development plans for Naga3 and explore alternative funding channels [1]

Group 1: Market Movements - Baoji Pharmaceutical-B (02659) surged over 3.2% amid its debut on the Hong Kong Stock Exchange, closing up 138.82% on its first day, with a market capitalization exceeding HKD 20 billion [1] - New Energy (01799) and Xinyi Solar (00968) saw declines of 3.01% and 3.67% respectively, as the photovoltaic sector faced weakness, with rumors of a 30 billion yuan investment for capacity storage by major companies [1] - Xpeng Motors-W (09868) and Li Auto-W (02015) dropped 4.88% and 2.67% respectively, following data from the China Association of Automobile Manufacturers indicating a month-on-month increase in production and sales [1] Group 2: Company-Specific News - Bolek Vision Cloud-B (02592) experienced a significant drop of nearly 15%, having previously doubled in price over 10 trading days, as it announced a new drug trial application to the FDA [2] - Hu Shang Ayi (02589) rose nearly 6% as Nayuki Tea expanded into the U.S. market, enhancing the international presence of Chinese tea brands [2] - Gold stocks fell sharply, with Zijin Mining (02899) and Shandong Gold (01787) declining by 4.29% and 4.94% respectively, following a report on the Bloomberg Commodity Index's upcoming rebalancing [2] Group 3: Cryptocurrency and Technology - Cryptocurrency ETFs faced significant declines, with notable drops in Bitcoin and Ethereum-related funds, as Bitcoin fell 3.3% from its record high, reflecting market pressures amid weak liquidity [3] - Oracle (ORCL.US) continued its downward trend, dropping 2.66% due to delays in delivering AI data centers for OpenAI, attributed to labor and material shortages [6] - Nvidia (NVDA.US) saw a slight increase of 0.73% after announcing the release of its third-generation language model, aimed at writing and programming tasks [6]

Core Viewpoint - Kwan Hung Holdings (03918) shares rose over 4%, currently up 4.2% at HKD 5.21, with a trading volume of HKD 9.5166 million [1] Group 1: Project Update - Kwan Hung Holdings announced the mutual termination of the subscription agreement related to the development of the multifunctional entertainment resort project in Phnom Penh, Cambodia (Naga 3) [1] - The company has forfeited a cash deposit of USD 316 million paid by the subscriber as part of the subscription payment, which will be included in the company's reserves [1] - The termination of the subscription agreement is not expected to have any significant adverse impact on the company's existing business or financial condition [1] Group 2: Future Plans - Despite the mutual termination of the agreement, the company plans to continue the Naga 3 project and will assess the remaining development plans for Naga 3 [1] - The company may explore other funding channels if necessary for the continuation of the Naga 3 project [1]

消息面上，金界控股公布，有关于柬埔寨金边开发及兴建多功能娱乐且全面的综合度假村设施(Naga 3) 项目，与认购方签订相互终止契约，认购方作为认购付款一部分所支付总额3.16亿美元的现金垫款已被 该集团没收，并计入储备金，且并无就现金垫款发行结算股份。因此，终止认购协议不会对集团现有业 务或财务状况产生任何重大不利影响。该集团指，尽管已签订相互终止契约，仍计划继续开展Naga3项 目，将评估Naga3的余下发展计划，如有需要，探索其他资金渠道。 智通财经APP获悉，金界控股(03918)涨超4%，截至发稿，涨4.2%，报5.21港元，成交额951.66万港元。 ...