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For those vested, check out this evening annoucement.
link
For those no time to read, let me summaries in one phase:
满江红
![[Image: singapore_flyer_ferries_wheel_singapore_...0338.jpg!d]](https://c.pxhere.com/photos/94/68/singapore_flyer_ferries_wheel_singapore_architecture-560338.jpg!d)
There are still some saving grace, eg. GPM, NPM and cash.
This year result will definitely be bad (both top and bottomline).
No amount of buy back can save the company.
Let see whether Mr Wu is able to do some magic soon.
Otherwise, even he buy back lots of share, give out lots of dividend also no use.
Having says that, is the decline in both top and bottomline a norm?
or this is just due to the Singapore Flyer incident?
May be it's time to visit Shanghai:
link
For those no time to read, let me summaries in one phase:
满江红
There are still some saving grace, eg. GPM, NPM and cash.
This year result will definitely be bad (both top and bottomline).
No amount of buy back can save the company.
Let see whether Mr Wu is able to do some magic soon.
Otherwise, even he buy back lots of share, give out lots of dividend also no use.
Having says that, is the decline in both top and bottomline a norm?
or this is just due to the Singapore Flyer incident?
May be it's time to visit Shanghai:
感恩 26 April 2019 Straco AGM ppt https://valuebuddies.com/thread-2915-pos...#pid152450