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.
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