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Now, why bought into Tanjong? Trying to cut a long story short. Defensive nature of power business and gaming plus 6-7% dividend yield. Not many stocks qualified for buy and hold, this is one of them. Recent Egyptian plants refinancing costs charged out as expense caused profit declined in the last financial year quarter plus people going after higher beta stocks will encourage people liquidate lower beta stock like this present a good opportunity to accumulate. The stock has rather been resilient throughout the crisis except a sharp drop in October 2008 but recovered pretty rapidly.
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