Straco: (S$0.765) 2Q16 results disappoint on lacklustre visitorship in China
- 2Q16 net profit slipped 11.6% to $9.2m
- Revenue declined 5.2% to $27.9m as visitation to all its attractions fell by 7.2% to 1.14m
- Continues to boast a substantial net cash reserves of $56.8m or 6.6¢ per share
- Straco is currently trading at 14x trailing P/E and offers an indicative dividend yield of 3.3%
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