- Crown Resorts (CWN) is leveraged to one of the great long-term structural growth themes: the Chinese outbound tourist.
- Projections are over 200,000,000 Chinese nationals per annum will travel internationally by 2020 and they will complete over 300,000,000 “trips”.
- Crown’s strategy focuses on capturing a disproportionate amount of those Chinese outbound tourist dollars both domestically and in the region.
With global equity markets making fresh all-time highs, I continue to look for mispriced structural growth at a stock specific level. What I am looking for are stocks that are part of a long-term structural growth theme that are currently discounted on a well-known short-term issue.