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Strategies & Market Trends : Asian Star Development (ASTV) Entertainment/sports/gaming -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (180)	3/23/2000 7:16:00 AM
From: john	Respond to 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...........

To: CIMA who wrote (180)	3/23/2000 7:19:00 AM
From: john	Respond to 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.

To: CIMA who wrote (180)	3/23/2000 7:24:00 AM
From: john	Read Replies (2) \| Respond to of 243

SIGNIFICANT MAJOR SHAREHOLDER - NEW WORLD DEVELOPMENT CO. LTD. New World Development Co. Ltd. (?New World?), a company with a US$6.5 billion market capitalization that is also a constituent stock of the Hang Seng Index (Hong Kong Stock Exchange), through its subsidiary, is one of ASTV?s largest shareholders. Asian Star?s close ties with New World provide ASTV with invaluable financial and business credibility in its new and on-going business ventures in Hong Kong and China More of nuff said, anyone ever heard of Husky Oil in Calgary, well it is my understanding that New World backers own 100% of Husky Oil which incidently is a privately held corporation. regards j