SEHK:3918Hospitality
NagaCorp (SEHK:3918) Stock Cheapens As Revenue Slips But Margins Stay Rich
The market has barely flinched on NagaCorp, with the share price little changed over the past week even as fresh H1 2026 numbers put profitability in the spotlight. Net income of US$144.0m on US$293.7m in revenue keeps the business anchored in very high margin territory. That combination feeds straight into a low 5.9x P/E compared with Hong Kong hospitality peers that trade on much richer multiples. The key question for traders now is whether today’s muted move reflects a cool-headed focus on...