CaptainSparrow : Speymill Macau Property
"A fantasyland where fortunes are made" –
Five years ago, China's southeast coast was home to a seedy, crumbling city ravaged by triad warfare... and overrun with Russian prostitutes. Today, it is a truly amazing spectacle... a city teeming with wealthy tourists, high rollers and flashing neon signs. Some call it "China's Vegas." In fact, the city just recently surpassed Las Vegas as the gambling capital of the world, raking in almost $7 billion in 2006. And gaming analysts predict that by 2010, revenues will reach almost $12 billion. The number of visitors to the city is expected to double in the next three years. This is a growth story the likes of which has never been seen in Asia... And the money to be made from the turnaround of this city is huge... The good news is you don't need to live in China or even invest on the Chinese stock exchange to profit from this opportunity. And you don't need to be a casino tycoon. In fact, the best way to play this opportunity has nothing to do with gambling at all... You see, for the past 40 years "China's Vegas" has been completely closed off to outsiders. Foreign companies were forbidden to invest or build here. Not so anymore. Thanks to recent changes in Chinese law, American companies now have unfettered access to this booming market. And one of the first on the scene is an American penny stock that could very easily triple in value in a matter of months. Please bear in mind: This penny stock isn't something Steve is recommending in True Wealth. The company is far too small (worth less than $250 million and selling for $5 a share)... and it operates in a region that most Americans don't even know about. The region I'm talking about is Macau... the only place in China where gambling is legal.
Each day, around $20 million flows into the tiny city. And there are no signs of slowing... For American companies that have been building casinos, mega-resorts, hotels, and shopping complexes – the payouts have been incredible. Just look at the numbers... • Wynn Macau's owner Wynn Resorts' stock has shot up 7-fold since 2002 • Melco International, another Macau casino stock, has gone up 18-fold since Dec. 2003. • In November of 2004, the shares of a little-known technology company called Cyber On-Air Group skyrocketed 542% in one day after it announced the possible acquisition of a stake in the hotel-casino project in Macau. Bottom line: "Macau is on fire," as Time Magazine recently reported. The obvious way to get a piece of the action is to buy casino and resort stocks. But that's where the crowd's headed. Besides, those stocks have all gone up already. Steve has found a Macau play that is potentially far more profitable. The absolute best way to play Macau The hottest part of Macau's economy isn't casinos. It's property. According to estimates, some 70,000 foreign workers will move to Macau in the next two years because of the gaming industry.
There'll be a lot of workers, managers, executives, and consultants looking for high-end accommodation. But the city only has around 10,000 luxury apartments right now. Reports from the streets reveal that people are actually walking around with suitcases full of cash, going door to door, offering to buy apartments on the spot. Real estate companies can't make luxury apartments fast enough. For example, Cosco Property Development – a Macau developer – recently had 1,800 people on the waiting list to buy apartments in a planned condominium... Problem is, the building only had 56 units. Unfortunately, Cosco is a private company. But the tiny penny stock Steve has uncovered is publicly listed. And it's a much better business than Cosco. Here's why... This small company develops high-quality residential property in Macau. For example, the company is working on an incredible luxury waterfront residential development. The development is part of a six-tower project with residential apartments, serviced apartments, car parks and retail space – all located near a proposed bridge linking Macau and Hong Kong. The company also plans to develop ‘downtown' luxury apartments in the central peninsular... fix up an existing residential complex by turning it into ‘grade-A' apartments and offices... convert underutilized office space into residential buildings... and develop a three tower apartment complex on Macau's exclusive Taipa Island. With soaring demand for property and billions of dollars pouring into Macau's economy from the casinos, it's easy to see why Steve believes the tiny Macau penny stock is one of the best investment stories he's ever come across. As I mentioned, the stock is trading for less than $5 a share right now. But Steve believes it won't stay that way for long.
Quelle: Daily Wealth Newsletter