The third-quarter gaming revenue grew by 11.4 percent to HK$21.06 billion (US$2.72 billion), while EBITDA 8% to HK$2.04 billion. Profit increased by 10.3 percent to HK$1.8 billion. Results are ok, but the trouble comes from market share, which declined to 24.3% from 26% a year ago. That means competitors are growing at a faster pace, not a good sign. I will be watching the stock for possible selling opportunity. The long-term fundamentals are still sound, but if Mr. Market starts beating down the stock, I want to be out!
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To make money in stocks you must have the "the vision to see them, the courage to buy them and the patience to hold them". And patience is the rarest of the three. Thomas Phelps Categories
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