Crown – Buy

Crown Resorts is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

The group announced its results for FY19 with NPAT down 5% to $370mn. A final dividend of $0.30 cents was declared.

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Despite the short-term headwinds from lower VIP revenue, we see value in Crown shares as investors are effectively getting free upside in the  Barangaroo project.

Buying support at $11.00

 

 

 

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