I was looking at the 14 successful bidders for the casinos, sorry, i meant integrated resorts and I wonder how I can invest my money in its favour.
Two of these companies are going to win, and their stocks are going to rise...
so picking a winner, thats 1:7 odds.
still a risky bet:- picking a 1:7 winner in stocks
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inevitably my attention shifts to the 3 big players.
1) Kerzner International Ltd and CapitaLand Ltd
2) MGM Mirage and CapitaLand
3) Harrah's Entertainment Inc and Keppel Land Ltd
Thats right. Government-linked companies are involved in them.
Now now, fellow economic graduates, journalists and taxi-drivers, debate all you want abt how neutral (or biased) the government is in allocating commerical projects but I think its quite a sure bet that one of these players is going to land a bid, aint it?
and US$2 billion investment for each resorts.
and these companies will need to raise some of their funds via bonds.
What better place than the Singapore bond markets? a good cheap source of funds, plus its one of the government's aims to broaden the bond markets, and a GLC is definitely going to look towards it for funds.
Other non-GLCs that win the bids are probably going to turn towards the bond markets for their fundings as well....so i guess i don't hv to predict the 2 winners anyway.
hmmm.... Bond funds.
Hah!! i just left a bit of money with them.
Maybe the profits when the price of the bond fund rises....can pay for my 1 year casino membership.......
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Yeah, I'm bored studying.
Economics of Technology.
8 weeks of work => 4 days of slogging
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