Wolf Money(Genting Singapore)

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I re-enter the stock today as fundamental has improved since my last exit. Below are some quick points on Genting SP.

1.). Thailand casino is unlikely to restart anytime soon given the assurance by Thai PM to China. The fear of competition against the Singapore casino has receded.

2.) The strengthening of Malaysia Ringgit will draw more visitors from across the causeway to Resort World Sentosa.

3.) The better than expected results in recent quarter coincided with the opening of new retail and entertainment complex.

4.) The opening of RTS by the end of 2026 will have a positive impact of Johoreans coming to Singapore integrated resort due to its proximity and the ease of travelling. I theme Genting Sp as my “RTS Play”

5.) Dividend at 5.5%

Risk

1.) Huge capex needed for RWS 2.0

2.) Unfavourable win rates.

3.) The strengthening of SGD.

4.) Delay in RTS opening.

Support can be seen at 71c and 66c level. A strict exit strategy is required. More detail at the end of month update. God Bless.

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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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