As we know, casino has unfair advantage of over 51% chances for all the games, therefore even a gambler has a 49% winning rate, over a long time with many times of gambling, the survival rate could be very low. However, in the world of stock market, we could reverse the situation, playing the role as casino with unfair advantage on us, if we know how to position the right strategy, aligning with our personalities.
Genting Singapore (SGX: G13) has suffered huge correction in share price to about 1/3 of the peak price. In the past few years, earning of Genting Singapore and global casino stocks have declined due to slowdown in global economy. Weaker Malaysian Ringgit and anti-corruption in China have further reduced the gamblers from these 2 main markets. The net asset value (NAV) of Genting Singapore is still growing gradually, helping to stabilize ......