From TA point of view, it has just crossed over the upper Trend Line which is viewed as rather positive as it has manged to breakout of the Downtrend chart patterns which signify Bull is in control.
This would be my trading plan for this counter.
EP - 95 cents
TP 1.05 - $1.09
SL 90 cents.
Not a call to buy or sell.
Please do you own due diligence.
Also looking at their financial nos for past few year we can notice that it has managed to increase consistently its Net Income amount from 2015 to 2018.
Similarly, it has also managed to increase consistently it Diluted EPS from 2015 to 2018 without fail.
This is rather impressive.
One thing share holders would be very please to have is , it has managed to increase its Dividend payout from a merely 1 cents in 2014 to 3.5 cents in 2018. Quite a big jump from 1 cents to 3.5 cents.
Yield is about 3.7% base on current price of 93 cents.
Normal EPS is about 5.7 cents. PE is about 16x.
I think the company has no problem to continue to maintain paying 3.5 cents or even 4 cents dividend.
It is seemingly oversold and I would say it fair value is about $1.20+ even without factoring the winning of the additional license.
Trade/invest base on your own decision.
All information provided is just for sharing.
Genting Singapore Limited, an investment holding company, engages in the development, management, and operation of integrated resort destinations in Asia. Its integrated resort destinations comprise gaming, hospitality, MICE, leisure, and entertainment facilities. The company primarily owns Resorts World Sentosa, a destination resort, which offers a casino, Adventure Cove Waterpark, S.E.A. Aquarium, Universal Studios Singapore Theme Park, MICE facilities, hotels, Michelin starred restaurants, and specialty retail outlets. It is also involved in the operation of casinos; and provision of sales and marketing support services to leisure and hospitality related businesses, as well as in the investment activities. Genting Singapore Limited was incorporated in 1984 and is headquartered in Singapore. Genting Singapore Limited is a subsidiary of Genting Overseas Holdings Limited.
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