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Journey To Retirement Part 1.3 — Genting SP
By ccloh Strategic Investor Zone  •  December 21, 2016
Was quite eventful for Genting SP the past 2 months.  Firstly, on 11th Nov 2016, Genting SP announced the divestment of its stake in the Jeju IR in South Korea (refer here).  Then on 15th Dec 2016, Japan Government finally legalized casino after the idea was first debated in 2013. The divestment of Jeju IR was quite a shocked to me given that next year the IR will commence operation and to divest without earning a single cent from it totally make no sense to me.  Though, the explanation given by the company -- after divestment, Genting SP will have a significant resources needed to be a strong candidate in the bidding process for the Japan IR should the casino bill being passed, still unable to convince me at that time given that the Japan casino bill has yet to be approved. Then came 15th Dec 2016 the Japanese ......
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By ccloh Strategic Investor Zone
Am a typical retail investor who started investing in stock market in 1993, the same length of period as SingTel was listed in SGX and ironically SingTel was my first vested stock. Back then was a passive investor and started to turn more active in stock market in 2006. A year later when I switched my engineering job to a finance related one, I became what commonly known as trader ( trade for living ) and at the same time also strongly believe in fundamental/value investing that is the way to growth wealth. In a way I classify myself as a "Strategic Investor". As a trader, I track market movement daily and as an value investor, I am always on the lookout for cheap bargain to hold for long term.
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