Star reported normalised NPAT of $120m, up 12% on the same time last year and revenue growth was strong, up 16%.
FY19 revenue is forecast to be $2.9b, EBIT $430m, DPS $0.16, placing the stock on a forward yield of 3%.
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Investors should watch for the next Algo Engine buy signal in both Star and Crown as they approach a new higher low formation, which will provide a good entry level.
Star Casino
Crown Casino
