Star Entertainment – Algo Update

Our Algo Engine triggered a buy signal in SGR at $5.11 during yesterday’s ASX trading session.

The stock looks oversold and now sits within our forecast “value range”.

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The August earnings result will likely provide the catalyst for the stock to re-rate higher.

SGR

 

Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks