Bingo (HK) – Time Warner of China

We have added some shares today and will continue while overal market pull back in the coming days (if any).  Bingo, out of the question for value investing, but we do believe Mr Stephen Chow will be able to turn his Co into a high value branding entertainment company which currently beside of TVB of Hong Kong hardly you can find one.  Bingo is one of our top ten portfolio and we will continue to nibbing when average price below HKD 0.200.