SI Research: Sim Leisure Group Has Huge Growth Potential!
In the last issue of Shares Investment, we looked at Genting Singapore and saw how expectations of heavy capital expenditure (capex) can mar investors’ sentiments for the stock. While the high rollers and thrill seekers find their excitement in Sentosa’s casino and rollercoasters, this issue we take a look at an alternative-styled theme park developer and operator based in Penang – Sim Leisure Group (Sim Leisure). A relatively new entity to be listed in the Singapore Exchange, Sim Leisure debut on the Catalist board in March 2019 at $0.22 apiece, with an initial market capitalisation of $29.5 million. Currently, the stock is trading near its IPO price at $0.210, though it once fell to a low of $0.161 post-listing. Nonetheless, we think the stock still offers some unique and possibl