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Friday, March 31, 2006

4 bids for Singapore First Casino, Integrated Resort

Recently, property stocks has been hitting new high in the STI. If one is to look at the newspaper, you'll know why.

1) development of Orchard Road into a sleepless shopping hub.

2) Our up and coming Integrated Resort (IR). 2 days back, MGM Mirage+Capital land, Las Vegas Sand, Harrah's + Keppel Land and Genting International has put forward a bid to build and operate the IR. Not much info yet, currently only know that Genting will be investing $5billion while Las Vegas Sand has come up with a $5.9billion proposal.

Next week will see them presenting their proposal to a 5 minister panel. Really exciting, dunno who'll win. Dun wanna speculate now, let's look forward to next week.

Of course, with all these good news coming up, I think property counters are in for a good time next week. GO GO GO!

Today quite happy, see my Ascott Reit trading at abt $1.14 ... too bad I was only allocated 1 lot at $0.68, nonetheless good enuf to cover Edan's 5 in 1 Injection this morning tat cost $294!! -_-" ... polyclinic still so expensive! And just before trading ends, notice counter K1 venture also starts to build up volume ... very likely next week will cheong liao. Watch it! :)

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