Bought Genting Sing

26/8/2019
Last week China and US announced new trade tariffs. The market drop around 1.5 percent today morning. Bought 1400 units of Genting Sing at $0.875 for total $1225. Genting Sing share price drops quite a lot from around $1 at start of 2019 to the $0.88 range today. At $0.875, it has a dividend yield of 4%. I will be holding this stock for long term as I see long term growth in this stock due to the expansion of casino, uss, possible japan gambling license. It is holding a significant amount of cash most likely using it for expansion. I do not expect a rise of dividends for this few years as the company needs the cash to fund the expansion. However, in long term, dividends should grow and share price should rise due to the expansion.

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