{"id":17863,"date":"2011-01-08T20:47:27","date_gmt":"2011-01-09T01:47:27","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=17863"},"modified":"2011-01-08T20:47:27","modified_gmt":"2011-01-09T01:47:27","slug":"sinophil-corp-sino-takes-cue-from-belle-and-leisure-resorts-world","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/01\/08\/sinophil-corp-sino-takes-cue-from-belle-and-leisure-resorts-world\/","title":{"rendered":"Sinophil Corp. (SINO) Takes Cue From Belle and Leisure &#038; Resorts World"},"content":{"rendered":"<p><a href=\"http:\/\/static.seekingalpha.com\/uploads\/2011\/1\/8\/650046-129453745082727-lytman02_origin.png\"><img decoding=\"async\" src=\"http:\/\/static.seekingalpha.com\/uploads\/2011\/1\/8\/650046-129453745082727-lytman02.png\" alt=\"\" hspace=\"6\" vspace=\"6\" \/><\/a><\/p>\n<p>If any one of you missed the Belle Corporation (BEL) and Leisure and  Resorts World Corporation (LR) trains like me, don&rsquo;t fret, Sinophil  Corporation or SINO in the Philippine Stock Exchange could take you to  another bullish ride with a huge potential upside. Back in August of  2010, BEL was just trading at around PHP  2.00 per share. It closed at PHP 5.14 last Friday. LR was also just  exchanging at around PHP 2.00 during the same month last year before it  erupted. Last Friday, it ended on a high tone and closed at PHP 5.64.  BEL, LR, and SINO, by the way, are affiliate companies, which are  engaged in a hotel and casino business.<\/p>\n<p>Belle Corp. is a leading Philippine developer of high-end residential  and leisure properties. It is the name of behind the Tagaytay Highlands  and Midlands. Leisure and Resorts World Corp., on the other hand,  operates a professional bingo and interactive games licensing business.  The two firms joined hands to build a operate hotel and casino worth PHP  9 billion along Roxas Boulevard in Manila. The Belle Grand Manila Bay  will have its soft opening by fourth quarter of this year.<\/p>\n<p>So what about SINO? Well, SINO, an investment holding company, is  also involved in gaming, property development, pay-per-view  entertainment and  information systems. It also has stakes in both LR  and BEL.<\/p>\n<p>From a technical point of view, SINO has just broken out from a cup  and handle pattern when it breached the neckline or the &ldquo;cusp of the  cup&rdquo; which is around PHP 0.34 last Friday. SINO closed at PHP 0.365 last  Friday, up by 14.06%. If SINO is able to keep its head above the  neckline on Monday, then a journey towards its upside target (measured  by projecting the height of the pattern from the point of breakout)  around PHP 0.60 is quite possible. A minor resistance, however, could be  met at PHP 0.50. Still, both targets represent a 40% and 60% upside in  the near term. Not bad. <\/p>\n<p>More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If any one of you missed the Belle Corporation (BEL) and Leisure and Resorts World Corporation (LR) trains like me, don&rsquo;t fret, Sinophil Corporation or SINO in the Philippine Stock Exchange could take you to another bullish ride with a huge potential upside. Back in August of 2010, BEL was just trading at around PHP &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/01\/08\/sinophil-corp-sino-takes-cue-from-belle-and-leisure-resorts-world\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sinophil Corp. (SINO) Takes Cue From Belle and Leisure &#038; Resorts World&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-17863","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=17863"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17863\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=17863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=17863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=17863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}