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....