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Just a quick one – do you think Crown Resorts limited is a good buy and hold (thinking long-term)?
Also, a lot are saying Telstra is probably close to a sell. What are your views on this stock?
Regards
A: Thanks for the question. I covered Telstra the other day – see https://switzersuperreport.com.au/is-telstra-a-buy-yet-again/
With Crown, I’m inclined to think it is a hold, but not a buy. Good to see that James Packer is making it largely an Australian focused business, still I’m unsure what the impact of the Chinese authorities will be on VIP turnover. Development risk with Barangaroo and other projects remains high.
As for the brokers, they are positive on the stock – 3 buys and 3 neutrals according to FN Arena. Broker consensus target price is $13.38 – about 6.4% higher than the current share price.
Regards
