Sell @ $0.955
Taking a very huge loss of aro 30%…. The latest Q1 EPS = 0.52ct. This is the 4th Q of decline and EPS <1ct, givng a latest 4Qs PE >30. Altho profitable, it looks like the easy money from hi-rollers are not coming back soon… one reason is the China crackdown on corruptions… Altho' next Q looks likely to be better, with the new hotel at Jurong East and the new Roller-Coaster ride at USS, the high PE is making me fearful that current prices is likely too high… especially since we won't see much growth / recovery in the short term.. also lousy yield of aro 1%…
Will treat this as a "short" for the time being as I'm still holding some shares… but, I'll most likely clear the rest soon… 😀