Wolf Money(Genting Singapore sold)

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The stock had broken the support level at 72c. I am maintaining market discipline by selling the shares. The company remains undervalued, but the price action speaks otherwise. Given our market hasn’t been doing badly, the weakness in Genting SP is perplexing.

There were news about Genting Malaysia joining the bid for Thailand casino license. I find it strange, as this will be in direct competition with Genting Singapore which is also bidding for the Thailand license, potentially driving up the price of the bid. If Genting Malaysia win the bid, will it be a direct competition with Genting Singapore for the same pool of players? I don’t know. Disappointed, I maybe, but life goes on. Lone Wolf had a 6% loss on Genting Sp’s position. God bless. Thank you 🙏 

(Source: asgam.com)

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All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.

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