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You can say that the Covid-19 has hit the travel and tourism business hard, real hard. Those who have been to the casino knows the atmosphere is different from betting online. It is not just about the winning but the ambience, the people, the light and sound all curated into an exciting place for people to try their luck.
I dunno if people gather in groups to bet online but I doubt so. More likely, the gambler will have to be on his own, using his laptop, mobile phone, etc. It just does not feel the same :(((
With a large junk of revenue lost through the casino, the entertainment related businesses like the theme parks are also affected.
I won't be too eager to get into any travel, retail or hospitality stocks/reits at this juncture as we see news of dividends being slashed. Yes, the price may appear low and cheap but cheap can get cheaper.
Will I want to short this stock ? Not as well since the risk/reward ratio is not that fantastic and moving into Q3 and Q4, we could potentially see a new vaccine being developed which could provide a short term boost to the stock price.
Those who are keen on short term trades may want to wait for the support at 0.685 to be broken down before initiating your short position.
Trade safely!
You can say that the Covid-19 has hit the travel and tourism business hard, real hard. Those who have been to the casino knows the atmosphere is different from betting online. It is not just about the winning but the ambience, the people, the light and sound all curated into an exciting place for people to try their luck.
I dunno if people gather in groups to bet online but I doubt so. More likely, the gambler will have to be on his own, using his laptop, mobile phone, etc. It just does not feel the same :(((
With a large junk of revenue lost through the casino, the entertainment related businesses like the theme parks are also affected.
I won't be too eager to get into any travel, retail or hospitality stocks/reits at this juncture as we see news of dividends being slashed. Yes, the price may appear low and cheap but cheap can get cheaper.
Will I want to short this stock ? Not as well since the risk/reward ratio is not that fantastic and moving into Q3 and Q4, we could potentially see a new vaccine being developed which could provide a short term boost to the stock price.
Those who are keen on short term trades may want to wait for the support at 0.685 to be broken down before initiating your short position.
Trade safely!
Comment:
It finally breaks down from the support at 0.685 which is not a good sign.
Comment:
Comment:
we see some support at current price , either it breaks out or stay sideway for a while till a catalyst takes place
Comment:
finally, it breaks out of the resistance at 0.685. Let's wait for the pullback and then find a bullish signs to go long. People are excited about the opening of Phase 3 for the economy and social gatherings are now increasing in number of pax.
3 months of waiting .......yeah ...
3 months of waiting .......yeah ...
Comment:
i added some today
Comment:
added more today !
Retrenchment, salary cut, tumbling sales.....
There is really no hurry to buy this stock even with news of vaccine being developed by this year. A casino makes money from the gamblers and if the latter cannot fly over to SG to play, everything else is on hold. So, just monitor this stock till further notice.