Vietnamese casino operator Donaco International has retreated approximately 35% from its March high on rising tensions between China and Vietnam, despite a...
Vietnamese casino operator Donaco International has retreated approximately 35% from its March high on rising tensions between China and Vietnam, despite a successful launch of their Aristo casino in Lao Cai. We believe this issue is transitory and the market will refocus its attention back on the operating performance of the underlying asset overtime. We believe the market still underestimates the operational upsid e at Aristo and the recent pull back offered an attractive entry point.
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At PM Capital we are not afraid to be different, we search the world for undervalued stocks, we avoid the trap of “group think” and prioritise company valuation over all other aspects. Founded in 1998, PM Capital is part of the Regal Partners Limited stable of alternative asset managers and specialise in Global & Australian equities and Global Fixed Interest strategies. We believe the very best way to minimise investment risk is through understanding valuation, as such, we avoid companies who are hard to understand or difficult to value and are well known for our discipline in resisting short term market noise and ability to hold investments through full industry cycles.
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