Changes in Hong Kong stocks | Aobo Holdings (00880) fell more than 9% from profit to loss of HK$397 million in the third quarter, adjusted EBITDA fell 20% year on year

The Zhitong Finance App learned that Aobo Holdings (00880) weakened today. As of press release, it fell 9.02% to HK$1.11, with a turnover of about HK$16.413,000.

According to the news, Aobo Holdings announced yesterday after the market that net gaming revenue for the third quarter was HK$4.758 billion, compared to HK$6.537 billion in the third quarter of 2025; adjusted EBITDA was HK$705 million, compared to HK$881 million in the third quarter of 2025, down nearly 20% year on year; losses attributable to company owners in the third quarter were HK$397 million and profit in the third quarter of 2025 was HK$9 million.

The HSBC report lowered the target price for the Australian Expo from HK$1.1 to HK$1 by 9%. It also indicates that Aobo's performance has deteriorated, mainly due to disruptions caused by the renovation project, which will continue to drag down performance until 2027; cost reduction measures may help ease the pressure; Aobo is in refinancing negotiations on bank loans due in 2028; and with a leverage ratio of 8.6 times, liquidity is under pressure.