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Strategies & Market Trends : Asian Star Development (ASTV) Entertainment/sports/gaming

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To: CIMA who wrote (180)3/23/2000 7:16:00 AM
From: john   of 243
 
ASTV is presently in negotiations to acquire one of the world?s largest manufacturers of CD-RW and DVD-ROM disks; the successful purchase of Harmonic Hall Optical Disk Co. could add US$19 million in net earnings to Asian Star?s balance sheets in FY 2001

Based on the pending Harmonic Hall acquisition and the US$2.3 billion LPG / Super Port deal in Malaysia, we believe that ASTV is significantly undervalued, and we recommended the company to investors seeking potential strong capital appreciation over the medium to longer term

ASTV plans to file for a NASDAQ Small Cap listing just as soon as the Harmonic Hall acquisition or SuperPort financing is completed


Nuff said, great long term hold...........
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