Gelonghui, January 27 丨 Bank of America Securities published a report saying that the number of international visitors to Cambodia reached 1 million in the fourth quarter of last year, 57% of the pre-epidemic level in 2019, up from 51% in the third quarter of last year. Meanwhile, the country's government is targeting more than 4 million visitors this year. It is believed that a further recovery in international travelers will have a positive effect on Golden World Holdings (3918.HK). The bank expects that the gold industry's revenue last year was about 486 million US dollars, an increase of 115% over the previous year, while EBITDA was about 254 million US dollars; this means that the EBITDA for the fourth quarter of last year alone was about 71 million US dollars, up from 53 million US dollars in the third quarter of last year. As last year's recovery was slower than expected, Bank of America lowered the gold sector's EBITDA forecasts for last year and this year by 11% and 28% respectively. The target price of shares fell slightly from HK$10.3 to HK$10.2, maintaining the “buy” rating.

- Headlines
- Major Bank Ratings | Bank of America Securities: Maintaining the Target Price of Gold World Holdings (3918.HK) Purchase Rating Reduced to HK$10.2
大行评级 | 美银证券:维持金界控股(3918.HK)买入评级 目标价降至10.2港元
Major Bank Ratings | Bank of America Securities: Maintaining the Target Price of Gold World Holdings (3918.HK) Purchase Rating Reduced to HK$10.2
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