China Trading Stocks

[kindama]

RE: IKGH OSN XIN

IKGH: All the gambling has moved from Macau to the stock market. VIP business trends are terrible.

OSN: Should go private. Business is strong and outlook is positive. Chairman has a 9 figure net worth (in dollars). China-listed comps are trading at huge valuations. Intangible benefits of US-listing aren't worth much here.

XIN: Probably missed its chance. Company is highly leveraged. Bond covenants may include a put right or mandatory redemption in case of a buyout. So it would take a lot of cash to do a deal. Company also puts a lot of emphasis on the NYSE listing in its marketing.