Gaming & Gambling stocks look attractive now

I have tabulated below the Earning & Dividend Payout of the 5 Gaming & Gambling stocks listed on our exchange. From the table below, you will see that both Tanjong & MPHB are attractively priced at PE of about 5-6 times as well as giving a dividend yield of 9-10%.



I have appended below their monthly charts (except for BJToto, which is on weekly chart). From these charts, I believe the various support levels are:

- Genting (Uptrend support at RM4.50 & various horizontal support at RM3.50-4.00)
- Resorts (Uptrend support at RM2.40 & another one at RM2.10)
- Tanjong (Uptrend support at RM10.50 & horizontal support at RM9.00)
- MPHB (Horizontal support at RM0.90-1.00)
- BJToto (Horizontal support at RM4.00 & RM4.20)



Chart 1: Genting's monthly chart as at October 17, 2008 (source: Quickcharts)


Chart 2: Resorts' monthly chart as at October 17, 2008 (source: Quickcharts)


Chart 3: Tanjong's monthly chart as at October 17, 2008 (source: Quickcharts)


Chart 4: MPHB's monthly chart as at October 17, 2008 (source: Quickcharts)


Chart 5: BJToto's weekly chart as at October 17, 2008 (source: Quickcharts)

Based on fundamental & technical reasons, MPHB looks very attractive now. While the same is applicable to Tanjong, you may like to watch the present test on its long-term uptrend line at the RM10.50 level. If the uptrend line cannot hold, the share price may drop further.