China lottery market to hit $80 bln in 2015; China LotSynergy seen a winner

Brokerage firm Kim Eng has begun coverage of China LotSynergy with a Buy rating and a target price of HKD1, saying the company stands to benefit from explosive growth in China’s lottery, which is likely to hit $80 billion by 2015, double its 2012 level. 
The firm expects China LotSynergy’s share price to double in the next  6-12 months, driven by a forecast 80 percent compound average growth rate in earnings per share over the next five years. The company has an “unrivaled competitive advantage and solid track record in developing and marketing new types of lottery products in China,” it said.