The Star (SGR) breaks to new highs

Michael Gable

Fairmont Equities

My tip last week was to buy Village Roadshow (VRL) in order to benefit from the increase in tourism, and because the chart was telling me that now is the time to buy. So far the stock is up about 6% and well on the way to the high $7’s. Another one of our holdings that will benefit from increasing tourism is The Star Entertainment Group (SGR). SGR is up over 10% already in the last week and it has further to go. The explosive move last week has seen it break out of a “flag” on the chart and it should sprint towards its valuation which is closer to $6. Any easing back towards support near $5 is an opportunity. Domestic gaming revenue is very strong and as long as VIP revenue can improve also from an abnormally low rate, then we could continue to see further buying support. The direct link to our full report is here- (VIEW LINK)


Michael Gable
Michael Gable
Managing Director
Fairmont Equities

Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...

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