Being the only listed casino operator, Genting Singapore stands out as a rare breed of billion dollar enterprise among the pantheon of banks, GLCs and Reits counters in Singapore Exchange. Current market capitalization is $11.4 billion, while liquidity for this counter is also excellent, with average 3 month volume of 32.33 mm. Genting Singapore is also crazily rich, with $4 billion cash on hand. With such pedigree, it certainly makes sense for investors to invest in Genting Singapore shares.
However, since the start of the year, Genting Singapore share price has corrected by 30%. The plunge in Genting Singapore share price had given investors a wild ride, not least plenty of sleepless nights. Indeed, it had been a turbulent period for Genting Singapore as it had to retrench 400 staff in 2016 as a result of regional economic slowdown and bad debts problem. Should investors run ......