Rank, a subsidiary of 0053.HK, which owns 74.5% of its shares, bought Gala Casino, the third largest casino in the UK, for £205 million. Citigroup believes that Rank, with £24.9 million in cash on hand by the end of last year, plus a new £175 million in three-year bank credit, should be able to cope with the acquisition, even if it invests another £30 million to upgrade its Gala Casino business without financial assistance from Guohao. Rank, which will become the largest casino operator in the UK, can still buy Guohao, with a slightly lower target price of HK $82.
花旗：仍可买入国浩(0053.HK)；目标价82港元
Citigroup: you can still buy 0053.HK; target price is HK $82
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Hot News
Updated