I do not know why MPEL is falling as a sympathy of Melco Int'l (0200.hk), but I see some good news with MPEL and 0200.hk itself.
1. Crown Macau rolling chip is "over" HK$50 billion for Feb., 2008. Even we have little growth comparing to Jan. It is a solid number.
2. COD will have a ceremony for top the superstructure today. This is a great! We have it on April 1, not the end of April. We have 12 months to complete the internal modeling, if COD will open on March 31, 2009.
Good news on 0200.hk:
Net value of 0200.hk is over HK$8.30. Wow! The shareholder of 0200.hk is only paying 25% premium. This is great value.