Me too remain positive on Genting Singapore, in fact is a good time to accumulate more, the lower the better. This for one for sure will never go holland. How many time you get to have such an opportunity to buy at current low price ? Valuation may seem unattractive but what will you see in 3 years time ? You think it still worth at S$1 ? Human are just too funny, we chase when the price are high, no one dare buying when it is dirt cheap. Plan your entry level keep buying in stages to fulfill your investment for GSP and lock it in for at least 3 years. This is short term pain but long term gain. When you buy stock, you buy for future business prospective, if you think GSP will never fail you in 3 years time to come, you buy with confident just like me. We are not dealing with speculative stock, we are in serious investment and a longterm engagement with a quality stock. So, what do you foresee in 3 years time ? Won't you think it is far more better than betting on a non-quality and potatoes chip ? The share price practically rely on future earnings, 1Q result would likely to review it capability and potential future earnings. We will be able to picture GSP in a better position come May 2010 where 1Q result expected to be announced then. I have no worry at all, in fact planning more entry level with GSP, hope to capture the best price while at the same time enjoying the bargin. Good luck.
Shares of Genting Singapore Plc, which has just opened its casino in the city-state, fell to its lowest level in five months on concern valuations have become unattractive following recent gains.
“While we remain positive on the group’s business model, valuations are very demanding,” said Melvyn Boey, an analyst at Bank of America’s Merrill Lynch in Singapore. -- Bloomberg
3 comments:
Wau lau!! come back from hometown, just seeing Genting SP slumping. close at 95sen!?
In the short term, I think Genting SP could continue affect by sentiment that now casino already in business, investor and market player are now focus on potential business risk such as competition from upcoming second casino, Cambodia new casino and whether or not business can beat analyst projection. For now, i'm off big cap and hot volume stocks.
Portfolio remain still mostly in cash, but already keep accumulating high dividend and value small to mid cap stocks
Today sold off all CIMB at 12.58, realize few hundred paper gain.
Portfolio manage to increase further stake of core value and dividend stock, overall these group of low volume but high dividend yield stocks already reach almost 50% of total capital. Will continue buying to increase till 100%....
Good trade & may the best price be yours. :)
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