Core Viewpoint - Citigroup has downgraded the earnings forecast for Kamboat Holdings (03918) for 2025 to 2027 by 3% to 8%, and reduced the target price from HKD 7 to HKD 6.5 while maintaining a "Buy" rating [1] Group 1: Earnings Forecast and Target Price - The earnings forecast for Kamboat Holdings has been adjusted downwards by 3% to 8% for the years 2025 to 2027 [1] - The target price for Kamboat Holdings has been lowered from HKD 7 to HKD 6.5 [1] Group 2: Future Outlook - Citigroup expects Kamboat Holdings to benefit from the newly opened Dechong International Airport and a four-month visa-free entry trial for Chinese tourists in Cambodia from June to October this year, which may increase foot traffic to Naga World [1] - The casino volume forecast for the second half of 2025 has been reduced by approximately 4% to USD 6.5 billion, and the EBITDA forecast for the same period has been lowered by about 11% to USD 206 million [1] Group 3: Market Sentiment and Risks - The negative sentiment surrounding the Prince Group has largely passed following the extradition of its chairman, Chen Zhi, to China in early January [1] - Concerns regarding tensions at the Thailand-Cambodia border may persist into the first quarter [1]
花旗：降金界控股(03918)目标价至6.5港元 下调博彩量及盈利预测