HK Stock Market Move | NAGACORP (03918) is currently down more than 4%. Citigroup mentioned concerns about the tension at the Thai-Cambodian border may continue, leading to a downgrade of the company's performance forecast.

NAGACORP (03918) is currently down more than 4%, as of the time of writing, down 3.48% to HK$4.44, with a turnover of HK$23.5 million. According to reports from CCTV, on the evening of January 30th local time, the Thai military stated that there were ceasefire violations by Cambodia. Commanders from both Thailand and Cambodia have coordinated to resolve the issue. Due to the sudden and unprepared nature of the incident, the Thai military believes it may be due to a lack of discipline among Cambodian soldiers. Citi released a research report stating that considering the weak visitor numbers in Cambodia recently, they have lowered their forecast for NAGACORP's gaming volume for the second half of 2025 by about 4% to US$6.5 billion, and reduced their EBITDA forecast for the same period by about 11% to US$206 million. The bank believes concerns about the tense situation at the Thai-Cambodian border may continue into the first quarter.