NagaCorp: Future Growth Driven By Positive Macroeconomic Trends And VIP Market Segment

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About: NagaCorp Ltd. (NGCRF)
by: Silenda Investments
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Silenda Investments
Long/short equity, Growth, growth at reasonable price, hedge fund manager
Summary

We anticipate the company is well-positioned to take advantage of the increased number of visitors in Cambodia over the next couple of years.

NagaCorp has developed long-standing relationships with junket operators in the ASEAN region, which could contribute to the company's VIP market growth.

NagaCorp continues to commit paying a dividend payout ratio of 60%.

We recommend accumulating shares of this company if the price falls below HKD 14.30.

Introduction

In our first article on NagaCorp (HK:3918) or (OTCPK:NGCRF), we will focus on the macroeconomic trends, Naga 2 project which was built back in late 2017 and the company's VIP market business.