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DJ MARKET TALK: Citi Ups Teem Foundation Target To HK$3.96; Buy Jul 23, 2007 12:53 1233 [Dow Jones] STOCK CALL: Citigroup ups Teem Foundation's (0628.HK [News / Quote]) target to HK$3.96 from HK$3.00, expecting cash flow stream from new junket to be acquired at attractive price; target based on 9X March 2009 PE, sharply below average Macau casino play of 30X 2009 PE. Says acquisition price 'not yet known,' but given its last 2 acquisitions have been struck at 5.5X and 5.7X average guaranteed profit, expects this transaction to also be attractively priced at more than 6X PE. Rates a Buy; stock +1.7% at HK$3.00.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com |
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| aus der Diskussion: | Dore Holdings - neue Casinoaktie aus Macao |
| Autor (Datum des Eintrages): | Sugar2000 (30.07.07 15:27:45) |
| Beitrag: | 2 von 228 (ID:30937229) |
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