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DJ MARKET TALK: Dore +11%; Macau Gaming Buy Attractive - Citi Sep 11, 2007 14:56 1439 [Dow Jones] STOCK CALL: Dore (0628.HK [News / Quote]) +11% at HK$3.20 after resuming trade in afternoon, with HK$16.33 million worth of shares changing hands. Citigroup keeps Macau casino gambling promoter as Buy with target at HK$3.96 as company's agreement to pay HK$993.6 million for 60% stake in Triple Gain is 'instantly value accretive'; notes Triple Gain has profit-sharing agreement with Macau junket promoter Nove, which operates at newly established Venetian Macao casino resort. Price tag for deal translates to 5.2X P/E of annual guaranteed profit of HK$300 million, vs 5.5-5.7X P/E company paid for 2 earlier purchases.(JNL) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com http://www.dhsec.com/NewsDetail.asp?storyid=e-20070911dn0013… |
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| aus der Diskussion: | Dore Holdings - neue Casinoaktie aus Macao |
| Autor (Datum des Eintrages): | Sugar2000 (11.09.07 15:32:50) |
| Beitrag: | 10 von 228 (ID:31528787) |
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