Friday, May 10, 2013

TSLA.NAQDAQ : Tesla gets $95 price target as shorts are jolted by first profit

Here’s quick rundown:
Northland Capital sets $95 target based on 2016 estimate for Tesla to earn $5.01 a share, or 25 times earnings. The firm previously had a $50 target price.
Lazard puts $75 tag on the stock based on 2017 earnings of $7.20, or 16 times earnings; target up from $48.
Goldman downshifts to neutral. The stock has skyrocketed 110%  since it put a buy rating on the shares Jan. 17. Goldman sets new 6-month target of $61.

Thursday, May 9, 2013

Tuesday, May 7, 2013

Walton International : Landbanking Investment? Should you invest?

Read before you talk to your broker from Walton International :

On 5 March 2009, Bank Negara Malaysia raided Walton International Property Group (M) Sdn Bhd under the Exchange Control Act (ECA) 1953. The raids were simultaneously conducted at the premises of the company in Kuala Lumpur (W. Persekutuan), Kota Kinabalu (Sabah) and Kuching ( Sarawak ) following complaints received from members of the public. Relevant documents of the company were seized for purpose of the investigation.
Members of the public are advised to be cautious of this type of land banking schemes promoted by the company. Any elements of deposit-taking activities and public offerings such as ‘interest schemes' or investment in real estates schemes (better known as ‘real estate investment trusts' - REITs) should be referred to the appropriate authorities such as Bank Negara Malaysia, Suruhanjaya Syarikat Malaysia and Suruhanjaya Sekuriti. Members of the public are also advised to use lawful remittance channels when making payment or sending money overseas. A list of legitimate remittance channels can be referred at the Bank Negara Malaysia's website ( ) for either licensed banks or licensed non-bank remittance operators.
For further enquiries, members of the public can contact Bank Negara Malaysia at the following contact points:
Laman Informasi Nasihat dan Khidmat (BNMLINK)
(Walk-in Customer Service Centre)
Ground Floor, Block D
Jalan Dato' Onn
50480 Kuala Lumpur
BNMTELELINK (Customer Service Call Centre)
1-300-88-5465 or

Enforcement Action :

Galaxy to buy Macau gambling resort Grand Waldo for $419 million

Galaxy Entertainment Group Ltd., the casino operator that doubled its profit last year, is buying the Grand Waldo resort in Macau for HK$3.25 billion ($419 million) to lure more Chinese tourists.
Galaxy will buy Grand Waldo land and buildings, including a 29,700 square-meter hotel, from units of Get Nice Holdings Ltd., according to statements from the two companies yesterday. A casino within the Grand Waldo complex is already run by Galaxy, which holds one of Macau’s six gaming licenses.
The property, which is based on Macau’s Cotai Strip, would boost Galaxy’s presence in the area that is being built into Asia’s equivalent of the Las Vegas Strip. Casino operators from Sands China Ltd. to Melco Crown Entertainment Ltd are adding new attractions, gambling tables and resorts to draw more Chinese tourists to Cotai.
Mainland Chinese visitors propelled casino revenue in the world’s largest gambling hub to a record 304 billion patacas ($38 billion) in 2012. Galaxy, founded by billionaire Lui Che- Woo, in March reported annual profit that more than doubled.
Its 2012 net income rose to HK$7.4 billion from HK$3 billion a year earlier. Galaxy, based in Hong Kong, said in December it would invest as much as HK$50 billion to expand a separate Macau resort.
The casino operator has received approval from the government to add 50 tables between its Galaxy Macau and Starworld properties, Deputy Chairman Francis Lui said at a press conference in March. Macau is the only place in China where casino gambling is legal.
Galaxy shares have climbed 13 percent this year compared with a 0.2 percent gain for the benchmark Hang Seng Index.