GuocoLeisure (follow up)

GuocoLeisure: GuocoLeisure is just shy of its 52-week high of $0.98, having touched an intraday high of $0.975 in the morning session, accompanied by relatively buoyant trading volumes. The stock has risen more than 15% since the start of Mar. Recall, in early Mar, Market Insight noted growing investor interest in GuocoLeisure, in the wake of fresh Buy reports by two local brokers. As the counter continues to march upward, we do not rule out the possibility of more houses picking up research coverage, which may lead to another phase of price discovery for the stock. As at end Dec '13, Guocoleisure’s NAV stood at US$0.90, up from US$0.839 in Jun '13, which translates to 0.86x P/B, compared to its five-year historical average of 1x.