Shares & Derivatives
Genting Sing – Share price being sold down almost 10 percent upon releasing the FY results which was down due to Q4 core net profit fell 5 per cent year on year and 41 per cent quarter on quarter to S$127.1 million. Also market was anticipating a higher Final dividend of 2.5 to 3 cents instead of 2 cents. They have about 3.5b cash on hands, cash rich, net cash position! This sold down may present buying opportunity! Do take note!
By Singapore Stocks Sharing  •  February 24, 2024
Genting Sing  - Share price being sold down almost 10 percent upon releasing the FY results which was down due to Q4 core net profit fell 5 per cent year on year and 41 per cent quarter on quarter to S$127.1 million. Also market was anticipating a higher Final dividend of 2.5 to 3 cents instead of 2 cents. They have about 3.5b cash on hands, cash rich, net cash position! This sold down from 1.03 to close at 93 cents may present buying opportunity! Do take note! I think bargain hunters may come in again if price fallen below 88 cents. Likely to go down to test 90 cents than 85 cents. Pls dyodd. Genting Sing  - 2nd Half results is out ! NET profit increased 31 percent to S$334.9 million for the second half of 2023, from S$255.7 million. Proposed Final dividend of 2 cents ! A bit disappointed as I thought they would raise the Final dividend to 2.5 or 3 cents. Yield is rather low of  3.3 percent based on current price of 1.03....
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By Singapore Stocks Sharing
All information is just for sharing on https://spore-share.com or https://spore-share.blogspot.com (Trade/Invest base on your own decision). Thank You! For trading, be firmed in executing your stop loss strategy. Also don’t be too eager to take profit to early. Let your profit run. For Investing it is good to read up and educate yourself to know the basic financial analysis. Learn how to identify good company to invest . Pick those company/counter that you are familiar with their business.
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