Betting on Donaco
This owner of casinos in Cambodia and Vietnam appears good value. We don’t mind covering speculative stocks here at Intelligent Investor. However, to distinguish them from the Buys on our Buy list, they receive a Speculative Buy recommendation and a lower recommended maximum portfolio weighting. Even so, some stocks are just too speculative to make it through, and Donaco (ASX:DNA), the owner of casinos in Cambodia and Vietnam, is one such stock. Even so, we've decided to put the idea in front of members before I take the leap and buy some for myself. After constructing its 5 star Aristo Hotel resort in 2014 – located on the Vietnamese border opposite China’s Yunnan province which has a population of 48m people – Donaco purchased the Star Vegas resort in Poipet, Cambodia in July 2015. Star Vegas now represents the majority of Donaco’s revenue and, being on the Thai border three hours drive east of Bangkok, it primarily caters to Thai gamblers. Read full article here: (VIEW LINK)
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