Genting

Is about time for you to rise up the channel!
SingTel the overly beaten share price has since recovered from 2.98 to touch the high of 3.35.

TA wise, it has bounced off from the low of 85.5 and rises higher to touch 90.5 cents , looks bullish!

It is now taking a breather and may likely re-conquer 90.5 and surge higher to 95 cents then 1.01 and above .

Pls dyodd.

10th May 2019

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.