Michael Ting

Thematic (Sector/Industry)

Hong kong Hotels, restaurants and leisure / Thematic (Sector/Industry)

<p>Suncity is establishing a strong regional portfolio of gaming operations in Asia with the most significant near-term driver being the HOIANA integrated resort in Vietnam. We are positive on HOIANA on a longer term basis. However, given the current macro uncertainty involving COVID-19 along with only an expected gradual resumption of international travel, we do not expect HOIANA to significantly contribute to Suncity's profits until FY22.</p>

Suncity is establishing a strong regional portfolio of gaming operations in Asia with the most significant near-term driver being the HOIANA integrated resort in Vietnam. We are positive on HOIANA on a longer term basis. However, given the current macro uncertainty involving COVID-19 along with only an expected gradual resumption of international travel, we do not expect HOIANA to significantly contribute to Suncity's profits until FY22.

Suncity Group Holdings (1383 HK) - Strong Portfolio but Needs Time