1000 [Dow Jones] STOCK CALL: ABN AMRO increases PBL (PBL.AU) target to A$20.92 from A$20.37, reflecting roll forward of local casino gambling division valuation and potential for local casino sector consolidation. Also raises forecasts for Macau gaming market size, now tips entire Macau market size to hit US$15.9 billion by 2010, up from previous estimate of US$14 billion. Also raises forecast revenue per table to US$4,400 in 2010. However, says higher building costs to weigh on PBL benefits, now expects City of Dreams casino building costs to hit US$2.6 billion, compared to US$2.1 billion in IPO document. Keeps Hold rating on PBL, stock last at A$20.62. (LMF)
PBL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
