UNICO (5019) - P/E Ratio 14.79, Dividend Yield 7%

After high buying volume on Unico, the valuation of Unico is still attractive. High Dividend yield should able to protect downside on this stock if double dip happen.

Affin believed to have submitted rival bid for EONCap

Affin Holdings is believed to have revived its interest in EON Bank group in a rival bid that betters the one offered by tycoon Tan Sri Quek Leng Chan’s Hong Leong Bank (HLBB). Sources told The Edge Financial Daily that Affin, controlled by Lembaga Angkatan Tentera (LTAT) and its foreign partner Hong Kong’s Bank of East Asia Ltd, has put in revised proposal for EON Capital to Bank Negara to rival HLBB’s offer. According to sources this is the third time Affin has submitted a proposal for EONCap. It is believed that the offer is higher than the HLBB offer and it includes a share equity element.
(Financial Daily)

Yesterday, KNM announced that the Company and BlueFire Capital Group Ltd, which includes its partners GS Capital Partners VI Fund L.P and Mettiz Capital Limited, were unable to reach an agreement on the pricing of the proposed acquisition of the entire business and undertakings of KNM for a price equivalent to RM0.90/share. Hence, all parties mutually agreed that the proposal made by BlueFire on 4 Feb 2010 has lapsed.

Thailand: Moody’s sees ‘heightened’ uncertainty in Thai rating

Thailand’s political tensions are adding a “heightened degree of uncertainty” to its credit rating, Moody’s Investors Service said as it kept a negative outlook on the country’s debt. Standard & Poor’s Ratings Services also kept its negative outlook on Thailand’s debt and affirmed its BBB+ long-term foreign-currency rating, the third-lowest investment grade, it said. Moody’s has a Baa1 rating. (Bloomberg)

Casino Share Price after opening

The casino share price after opening...

Gaming Sector: Casino in United States

Casino operators were some of the biggest winners in Thursday’s market action thanks to a bullish report on gaming activity in Las Vegas. According to the Nevada Gaming Control Board, Las Vegas Strip casino revenue soared 33% in February thanks in part to the increased activity surrounding Chinese New Year, a big day for gaming. Revenue on the strip for the month advanced to $568 million from $427.4 million a year ago, an increase of over $140 million. Clearly, Las Vegas is the most important gaming center in Nevada and the rest of the state actually had lower revenue in February than a year ago. Statewide revenues increased 14% to $946.6 million, which calculates to a statewide improvement of just $116 million; obviously the Strip was a strength in an otherwise down month.


Vegas casinos have increased their promotions in order to lure visitors back to Sin City, and it appears to finally be taking hold as consumer confidence slowly improves. As we all know, the house has the mathematical advantage, so the trick is to find ways to attract new and bigger players. If a casino can manage to bring in more action, the odds will work in their favor.

Predict High Volatility on Stock Market from 15 April to 25 April 2010

There’re so many good news since March 2010. Economic Indicator is actually showing us the improvement of Global Economy. I predicted V Shape Recovery on March, which is correct (Please refer to my post).

 

What happen in April 2010?

Currency Manipulation Issue in China, will affect global recovery. Refer to Wen Jiabao, “RMB is not undervalued”….Destructive Global Trade War Coming soon… My CL Fund is successfully raising enough cash at this moment. We expect high volatility from April 15 to 25 April 2010. During this period, we will monitor this event closely. Optimism from investors will turn into pessimism immediately if the policy is bad for the recovery.  Second Great Depression is possible after Lehman Brother Panic 2008.

 

 

 

Special Situation Investing Team