Asian Star Development (ASTV) Entertainment/sports/gaming Message Board

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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 7:19:00 AM
From: john	of 243

Assuming that Asian Star issues four million shares to acquire 100% of Harmonic Hall, ASTV?s earnings will be increased by US$19 million in FY 2001 and 2002 (US$1.12 / share, based on 17 million shares o/s). These figures suggest to us that the equity markets are currently valuing ASTV at about 4x future earnings (from the Harmonic Hall acquisition), and that the value of the Company?s shares do not reflect either the Malaysian SuperPort / LNG operation, or any of ASTV?s extensive real estate portfolio in China. More of nuff said.

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