Bingo is on its upward trend

Last Friday Bingo group 8220 closed at HKD 0.233. Both volume and price are upward after the official Stephen Chow ‘s show announced to be shown during CNY. One movie alone I do not expect too much spice but it is a good start after many years. More movies are expected to be produced in 2013. Together with the news of Chow has been elected as member of policy maker in Guagchow. We are glad with all these activities. I am looking at first HKD 100 mil profit target and a 20 times PE on Bingo due to Stephen Chow himself. A market cap of HKD 2 bil. Will bring current stock price above HKD 0.700. For Bingo, we bet on Stephen’s dream and his passion. Highly speculative that is not normal to us. But we believe it is once in a life time opportunity to see 10 to 100 fold increase of investment if things are right. A WarnerBross of Asia.

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