Bell Potter analyst Lafitani Sotiriou reckons investors should buy Crown Resorts while sentiment is weak
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Bell Potter analyst Lafitani Sotiriou reckons investors should buy Crown Resorts while sentiment is weak. Despite the recent string of bad news items, the key medium- to longer-term value drivers are still there. Sotiriou notes Dreams Manila opens in a few months, Studio City in a year and Melco Crown's capital expenditure profile will fall without any additional projects. Already, there is capacity for a new $US500 million buyback of Melco Crown's shares on market as announced overnight, Sotiriou writes in a research note to clients on Monday.Bell Potter has a buy recommendation on Crown shares and $19.50 price target. Follow the link to read more: (VIEW LINK)
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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Stockbroker
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Expertise
Stockbroker
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Expertise
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