According to the Zhongtong Finance app, a research report released by Deutsche Bank rates Nagacorp (03918) as a "synchronized market" with a target price of HKD 3.25. The company has issued a profit warning, with an expected net income of 3.1 million USD to a loss of 6.9 million USD for the six months ending June this year. This is mainly due to the expected devaluation of the gambling and resort projects in Vladivostok, Russia, which is estimated to reduce about 85-95 million USD.

The research report pointed out that if the devaluation factor is excluded, Nagacorp's net income for the first half of this year could reach 78-98 million USD, which is 7%-26% lower than the market consensus. It also means that the company's EBITDA for the second quarter of this year is only 60-80 million USD, which is lower than the expectations of the bank and the market. Deutsche Bank also believes that the market may downgrade its EBITDA forecast for Nagacorp's 2024 and 2025 fiscal years.