Journey To Retirement Part 1.2 — Genting SP

2016 is the 10th year that I have vested in Genting SP share.  Bought into it in April 2006 after knowing that Singapore was going to build 2 IRs then and Genting SP was one of the company going to bid for one of the IR.  This will be the 2nd longest stock I have ever hold in investment with SingTel being the longest after holding for 14 years from start of IPO in 1993 to 2007.

I was pretty confident that Genting SP will be involved in one of the IRs back in 2006 after the Government decision on building 2 IRs.  The IR concept back then was pretty new unlike the tradition casinos in Macau or Malaysia or other part of the world.  Then somewhere in October 2006 when Genting SP submitted its proposal for the Sentosa IR with the inclusion of a Universal Studio Theme park, the …

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