Group 1 - The core viewpoint of the article indicates that Kingdom Holdings (03918) is experiencing a decline in stock price, dropping over 4% and currently trading at 4.44 HKD with a transaction volume of 23.5 million HKD [1] - Citigroup has revised its forecast for Kingdom Holdings' gaming volume for the second half of 2025 down by approximately 4% to 6.5 billion USD, and has also reduced its EBITDA forecast for the same period by about 11% to 206 million USD [1] - Concerns regarding the tension at the Thailand-Cambodia border are expected to persist into the first quarter, potentially impacting investor sentiment and operational performance [1]

Group 1 - Citigroup has lowered the profit forecast for Kamboj 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] - The bank expects Kamboj 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 enhance the traffic to Naga World [1] - Due to recent weak visitor numbers in Cambodia, Citigroup has adjusted the gaming volume forecast for the second half of 2025 down by approximately 4% to USD 6.5 billion and the EBITDA forecast down by about 11% to USD 206 million [1] Group 2 - The negative sentiment surrounding the Prince Group, following the extradition of Chairman Chen Zhi to China in early January, is believed to have largely dissipated, although concerns regarding tensions at the Thailand-Cambodia border may persist into the first quarter [1]