Genting Sing

Genting just released his 1st quarter 2019 result , net profit came in 5% lower to $205m.
EPS is slightly lower at 1.7 cents versus 1.8 cents last year.


I think is a decent set of result!

Price has dropped 1.5 cents to close at 93.5 cents .

FCF is healthy.
Cash on hands is about 4.25b.

Let's say EPS of 6.8 cents for the whole year ,PE is merely 13.5 x seems undervalue.


I think a minimum of PE 18x should be fairly achievable at 1.23.

TA wise, looks bearish!
Current price seems oversold!
Immediate support is at 92 cents .

If 92 cents support is broken down then most probably it may go down to revisit 87 cents !

I am looking to accumulate at 88 cents and below .

Not a call to buy or sell.

Pls dyodd.