Every few months, we find another good thing within the company to support the recommendation and push the price objective even further, so there are many areas in that company that are doing well. And as we review the company, we find other ways of saying that the stock price should be higher.
More Quotes from Sean Monaghan:
At the end of the day, it's the Government that will make the decision, not the media or the public.Sean Monaghan
A lot of companies put their hands up initially, but the winner has to be a company that is very good at maximizing every necessary component of the casino-resort. Very few companies are good at that.
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Asia, economically, is offering amazing opportunities for growth in terms of disposable income and new customers. Companies that don't have exposure to Macao are going to be very interested in Singapore. It will be the largest, the most skilled, best-capitalized casino companies which will likely be awarded the license.
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It is a very large investment and certain casino companies just cannot afford it.
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The (Singapore) government is conscious that the region will be very different by the time the casinos begin operating in 2009.
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