The Zhitong Finance App learned that Jinjie Holdings (03918) has fallen by more than 4%, and its stock price has already dropped 24% this month. As of press release, it decreased by 4.55% to HK$2.41, with a turnover of HK$16.652 million.

According to the news, at the beginning of this month, Jinjie Holdings announced the operating summary for the nine months ended September 30. Total gaming revenue was US$418 million, down 21.5% year on year; net gaming revenue was US$389 million, down 16.7% year on year. Looking at the third quarter alone, total gaming revenue fell 43% year over year to US$114.2 million. Citi believes that security concerns such as the Thai-Cambodia border conflict and telecom fraud, as well as external factors such as a reduction in direct flights to Cambodia, are still suppressing demand for NagaWorld gaming.

According to the Bank of America Securities Research Report, there is limited visibility of the improvement in the company's gaming revenue. Gaming revenue growth has slowed from 2.1% in the first quarter to a 20% decline in the second quarter and a 43% decline in the third quarter. Based on disappointing gaming revenue, the bank lowered its 2026 and 2027 EBITDA forecasts by 27% and 38%, respectively, to $312 million and US$269 million.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.