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Though HPL not involved in the F1 bid, the hotels around the proposed circuit around Esplanade will benefit the most. Demand for the hotel rooms will be high and could push prices up to thousands(monaco:$4000/night) during the F1 race and qualifying.
Don't you guys wonder how HPL shares will react if F1 race is confirm in Singapore this coming week? Up or Down....there sure will be an effect somehow...its your guess yea!
Don't you guys wonder how HPL shares will react if F1 race is confirm in Singapore this coming week? Up or Down....there sure will be an effect somehow...its your guess yea!
I guess wat's goes up, nex would be down....guess it wont drop much (maybe $0.1-$0.5) before it head up again (if nothing major issue happen in the world)...monday see how and how DOW doing on Friday market.
ALL THE BEST to ALL!
This will test the power of news.... ie. this new news... :)
but becareful, since everyone knows HPL is not involve in F1 bids, where got stupid idiots go and queue to buy at high price say, 5.00 or 4.90... it will ends up, all the shortist buying up at the end, ha ha... I better watch sidelines and see how's the public response for first few minutes first... don't u think so?
sounds good to me, if the price up so much is really because of Formula 1, guess it is time to get back my previous loss *** evil smiles ****
Should have shorted today!... :(
I guess is all Speculation, following article from today BT.
Guess why they clarified on what shplayer posted.
If that the case, does that mean Monday can short this counter? Hmm..any comment, advise?
HPL jumps to all-time high on talk of sealing F1 deal
By
TETTYANA JASLI
RAMPANT speculation that Ong Beng Seng, a major shareholder in Hotel Properties Limited (HPL),
has sealed the deal which will see Singapore host a leg of the popular
Formula One series pushed the company's shares up 38 cents to an
all-time high of $5.20 a share yesterday.
So it seems "buying on the rumours" is great market wisdom?
The facts bear this out!
Congratulations to those who made $$$.
that means...HPL price will be shooting down very soon isn't it?? As all along, the price is speculated up based on the highly focused F1 race being linked with HPL.
The Directors of Hotel Properties Limited ("HPL") wish to clarify that HPL is not involved in the bid for Singapore's Formula One Grand Prix.
By order of the Board:
Chuang Sheue Ling / Lo Swee Oi
Joint Company Secretaries
Dated : 30 March 2007
Thanks Maxliukt.
Thanks Maxliukt.
F1 results coming out tomorrow. OBS is expected to have secured the deal for them come to Singapore.
Close at 5.20 today, anyone short this counter? Anyone care to comment on this counter?
