
I think lottovision is one of the counter they will be looking at for those investor because the return is huge for casino and other gaming business. Now the price is very low, anytime will cheong this afternoon.
HONG KONG, April 25 (Reuters) - Foreign investors are spending big again to buy Asian stocks, helping drive markets such as South Korea to fresh highs and boosting the outlook for markets in the region.
A sharp late February sell-off has become all but a distant memory with confidence back and investors looking to Asia, home to booming China and India, for jucier returns especially as the U.S. economy loses steam.
The world's largest economy is forecast to have grown at an annual pace of 1.8 percent in the first quarter of 2007, down from 2.5 percent the previous quarter and compared with China's blistering annual growth of 11.1 percent in the first quarter.
"There is a strong belief that Asia is now able to sustain growth on its own even if the U.S. did slow down, and therefore commensurate with that, you will see more long-term money coming in," said Anthony Muh, executive director at AllianceTrust Asset Management.
Investors are also lured to the region by faster corporate earnings growth.
Baring Asset Management's head of Asian multi-asset investments, Khiem Do, expects 13 percent earnings per share (EPS) growth in Asia for 2007, compared with 5 to 8 percent EPS growth for the United States.
Foreign investors have been net buyers of Asian stocks in the last five weeks and have injected US$10.4 billion so far this year into six emerging Asian markets including India, South Korea and the Philippines, nearing last year's total net buying of US$17.2 billion, figures from Nomura showed.
Most of the six markets, with the exception of India, have fully recovered from the global sell-off earlier in the year when foreign outflows totalled US$4.4 billion in the three weeks ended March 16.
But many Asian stocks are no longer cheap, and attractive buys are harder to find.
Emerging Asia trades at 13.2 times forward earnings, compared with 14.3 times for global stocks, 15.1 times for U.S. stocks and 12.9 times for European stocks, figures from Barings showed.
Of the larger, more developed Asian markets, Japan is trading at a forward PE of about 17.5, Hong Kong at 16.2 and Singapore at 17.
"From a valuation perspective, there is very little left. It's very much just making sure the companies that you hold are showing sufficient growth to justify those valuations," Muh said.
"We're nearing the mature end of the bull market so we have to be a little bit more cautious. But the danger of getting out of the markets too early is that markets could go up a lot more."
DOMESTIC PLAYS
Domestic themes such as consumption, financial services and infrastructure have and will remain hot given robust economic growth prospects in Asia, market players say.
"The consumption theme is going to last for a while and the infrastructure theme is also good," said Barings' Do.
AllianceTrust's Muh likes stocks such as apparel maker China Ting Group Holdings Ltd. , port operator China Merchants Holdings (International) Co. Ltd. and Singapore conglomerate Keppel Corp. .
Citigroup has buy calls for Hong Kong lender Hang Seng Bank Ltd. , Singapore Telecommunications Ltd. , Telekom Malaysia Bhd. , Indonesion plantation firm Astra Agro Lestari Tbk PT , Taiwan's Chunghwa Telecom Co. Ltd. and South Korean cellular carrier LG Telecom Ltd. .
"Domestic sectors continue to benefit from higher margins than exporters, and with much less margin risk," said Markus Rosgen, Citigroup regional head of equity strategy.
MSCI's measure of Asia Pacific stocks excluding Japan hit a record high on April 18 and has fully recovered from a near 10-percent drop from Feb. 26 to March 6, when a slump in Chinese mainland stocks prompted a worldwide rout.
South Korea , which has the largest foreign inflow this year among the six emerging Asian markets tracked by Nomura, hit a peak on April 25, while the Philippines reached 10-year highs on April 23 thanks to stronger foreign inflows.
"Essentially, the benign economic environment of solid global growth and low inflation is the key driving force behind the favourable liquidity environment," said Shane Oliver, head of investment strategy at AMP Capital Investors in Sydney.
volume is top 10 again.maybe will go up again.
Hi,
I am a newbie to SJ. Can anyone tell me where did BoonKwan get the information about those big buy in the earlier post ?
Is moving too fast~!!! I throw them out at .56 ... miss the chance. But then thinking of enter again. If the other bb does not throw at .67 so maybe this counter will hit up to .7 ?? or more???
recovery on the way as bb buys again from 0.515 to 0.595.do not know who keeps throwing from 0.70 to 0.515 in short while and another bb boys keep buying till 0.59.exchange of prices and bol within a couple of days only.very interesting showhand and heartbeat.
simple maths shows that Abu Dhabi Investment made over $650k over just one day. So this big boy was in but half a foot out already. Also pls note that the other BBs got in mostly when the stock was still around 34-39-43c. Even at .525 they still made a handful.
(not an inducement to buy/sell)
Hi~~ New member here~!!!!
So is good time to step in at this rate .525 ??
Down again to 51.5c. To buy or to sell?
Hi guys, let us see the whole picture, Substantial ShareHolders changes from 1Mar07 - 23Apr07 as reported by company director, then decide sell or buy:
Date Purchaser Action Lots 000 Close
5Apr07 HSBC Buy 8,204 34cts
5Apr07 CitiBank Buy 13,058 34cts
5Apr07 Royal Bank Canada Buy 5,511 34cts
5Apr07 DBS Buy 3,177 34cts
10Apr07 Legg Mason Buy 5,600 39.5cts
12Apr07 Legg Mason Buy 2,000 43cts
17Apr07 Abu Dhabi Investment Buy 14,055 58.5cts
18Apr07 Abu Dhabi Investment Sell 7,370 67cts
Big Boys are in, perhaps, they see this counter as "little Genting",.... what price is optimal, i wonder?
Hi engwah9, that's right. It's the contrarian appoach to investing.
Abu Dhabi Investment Authority has reduced its stake to 4.5% from 6.17% through an open market sale.
Seems like the party is over for this stock at the moment even though the prospect may look good in the future.... any comments?? shd i stock up at this price and wait for the upside in the long term??
Any advise whether should i still hold on to it or sell away?
Lottvis is 59.5c, a very steep drop is seen today.
After china actively clamping down on illegal gambling at its border, most chinese flock to Macau for legal gambling, the parent company melco hold one of the 6 gambling license in macau and they are reaping in big money, macau is part of china. Lottvision is also dealing with 4d and other gaming etc in china, they engage a company to develop a handphone that can buy 4D, once it is ready, the share will shoot up very high. Get ready your buy button today, just wack when the counter open today but play at your own risk.
i believe lottvis should be able to scale a new high on Monday, though be cautious that the counter has shown sign of overbrought. see how it goes when market opens ...
Hi all, i am new here, i read some article in the net saying that the best time to exit a position is when everyone is in and the best time to enter is when everyone is exiting. Does that apply here??
Melco own 28.5% in lottvision. Melco is listed in NAsdaq, yesterday share price is positive .
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Cautious with this counter, Lottvis has moved up everyday -- too fast and too good to be comfortable.
magic show from philips security.target now set from .13c to 0.56c after prices runup to 0.58c.seems like research follows prices more than research in good times.take note everybody and handle with care.price now near 0.70c already.
Name of Announcer * | LOTTVISION LIMITED |
Company Registration No. | 32308 |
Announcement submitted on behalf of | LOTTVISION LIMITED |
Announcement is submitted with respect to * | LOTTVISION LIMITED |
Announcement is submitted by * | Paul Gao Xiangnong |
Designation * | Chief Executive Officer and Executive Director |
Date & Time of Broadcast | 17-Apr-2007 17:14:50 |
Announcement No. | 00047 |
>> Announcement Details |
The details of the announcement start here ... |
>> PART I |
1. | Date of notice to issuer * | 13-04-2007 |
2. | Name of Substantial Shareholder * | LEGG MASON, INC. |
3. | Please tick one or more appropriate box(es): * |
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>> PART II |
1. | Date of change of [Select Option] |
2. | Name of Registered Holder |
3. | Circumstance(s) giving rise to the interest or change in interest | [Select Option] | |
# Please specify details |
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4. | Information relating to shares held in the name of the Registered Holder | ||||||||||||||
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>> PART III |
1. | Date of change of Interest | 10-04-2007 |
2. | The change in the percentage level | From 6.79 % To 7.61 % |
3. | Circumstance(s) giving rise to the interest or change in interest | Open Market Purchase | |
# Please specify details |
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4. | A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: |
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>> PART IV |
1. | Holdings of Substantial Shareholder , including direct and deemed interest : |
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Direct
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Deemed
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No. of shares held before the change | 0 | 29,950,000 |
As a percentage of issued share capital | 0 % | 6.79 % |
No. of shares held after the change | 0 | 33,550,000 |
As a percentage of issued share capital | 0 % | 7.61 % |
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