I gambled (and won't do it again)
I once dipped my feet into Genting Singapore. I bought one lot when it was at 52 weeks low, hoping to gamble my way through and make a quick profit when it bounces back.
But it never did.
I did my basic assessment. Balance sheet was not bad (huge cash position). There's prospect in Japan and Jeju (Korea) for the Company. Jurong's Hotel is opening soon. I convinced myself that "everything is going to be fine".
Yet, i've forgotten that this is a Company about gambling after all.
And I gambled my money away in this stock. > 20% loss suffered.
Why was it bad?
The business is divided into two main segments - Gaming, Non-gaming.
Gaming
It all depends on two huge factors - gamblers (mainly foreign Chinese) volume + Casino Win rate.
Know that the tourism industry is sort of cyclical. There'll ......
