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Traded Value$Genting Sing(G13.SG) reported results that missed expectations due to elevated expenses and weaker VIP volume. Their casinos win less, but their non-casino businesses are doing well. This pulled down the overall results. The stock dropped >10% due to panic selling.
I personally think that casinos sometimes win big and sometimes win small, but casinos will always win money.
As Warren Buffett says: Be fearful when others are greedy, and greedy when others are fearful.
Looks like people are fearful now. Is it time to get greedy? Prepare to hold for a while if you believe in this stock.
DYODD. Best luck will be with us, always!!!
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