Hong Kong Stock Market News | The second day of Beluga Palace's listing saw another increase of over 26%, accumulating over 40% increase compared to the IPO price, with a total market value exceeding HKD 3 billion
The day after the listing of Paradise Palace, the stock price surged by over 26%, reaching a high of HKD 3.79, a cumulative increase of over 45% compared to the IPO price of HKD 2.6. As of the time of writing, it has risen by 26.33%, trading at HKD 3.79, with a turnover of HKD 36.3108 million and a total market value exceeding HKD 3 billion. It is reported that Paradise Palace was spun off from Far East Consortium, forming a comprehensive entertainment group integrating gaming and leisure businesses, with main operations in the Czech Republic and the German-Austrian region. It owns a comprehensive resort in the Czech Republic and two physical casinos, as well as operating three hotels in Germany and one in Austria, covering various services such as accommodation, dining, and conferences. Financial data shows that in the past fiscal years of 2021, 2022, 2023, and the first six months up to September 30, 2023 (with the fiscal year ending on March 31), Paradise Palace's operating income was HKD 146 million, HKD 351 million, HKD 529 million, and HKD 278 million respectively, with corresponding net profits of HKD 2.557 million, HKD 40.083 million, HKD 44.154 million, and HKD 17.054 million
According to the financial news app Zhitong Finance, on the second day of its listing, Melco Royal Palace (02536) surged by over 26%, reaching a high of HKD 3.79 compared to the IPO price of HKD 2.6, with a cumulative increase of over 45%. As of the time of writing, it has risen by 26.33% to HKD 3.79, with a trading volume of HKD 36.3108 million and a total market value exceeding HKD 3 billion.
It is reported that Melco Royal Palace was spun off from Far East Development and is a comprehensive entertainment group integrating gaming and leisure businesses, with its main operations in the Czech Republic and the German-Austrian region. It owns a comprehensive resort in the Czech Republic and two physical entertainment venues, as well as operating three hotels in Germany and one in Austria, covering accommodation, dining, conference, and other services.
Financial data shows that in the past fiscal years of 2021, 2022, 2023, and the first six months up to September 30, 2023 (with the fiscal year ending on March 31), Melco Royal Palace's operating income was HKD 146 million, HKD 351 million, HKD 529 million, and HKD 278 million respectively, with corresponding net profits of HKD 2.557 million, HKD 40.083 million, HKD 44.154 million, and HKD 17.054 million