i just realised the other night that i may be overlooking certain stocks because of previous biases ...
well .. starting yesterday .. im beginning my opportunistic bored lot buying of bel ... way ahead of its casino's opening next year ... why so? well ... the price movement of its two affiliates the past few days drew my attention to bel and made me read on a little bit ...
as of 31 mar 2013 ... bel owns:
- 46.5933% of the apc group
- 44.0618% of sino
the apc group has had some price action the past months because of the rumour that it will be the listing vehicle of the sy family's power assets ...
sino on the other hand received some trading action the past week ... i can only guess that sino may be a bakdoor vehicle for the bel casino ... considering that sino's past investments are in the gaming sector ...
this may be far fetched and sooo long shot ... but im speculating that aside from its casino developnment, bel may receive additional attention as it may be seen as a proxy play for apc and sino ...
however, even if nothing comes out of apc and sino .. ill still have the casino as ongoing story which may continue to buoy bel's shares in the coming months up to next year
notes:
1. bel's 1Q 2013 net income as recently reported in the newspapers was 785 million ...
2. bels total outstanding shares is: 10.559 billlion shares
3. 1Q 2013 eps = 7.4344 centavos
4. assume 2013 eps = 7.4344 centavos x 4 = 29.7375 centavos
5. last trade price (26 april 2013) = 7.01 pesos
6. suntok sa buwan 2013 p/e = 7.01 / .297375 = 23.573 x
