It is still very far away from the pre-pandemic Covid-19 price of RM7 on 1 August 2019.

YTLPOWER continues with its rally. Still go up by 11 sens.

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20240105.pdf?t=1704680194
I could not detect both GENTING and GENM in net short position. Last Friday good.

https://www.bursamalaysia.com/bm/market_information/market_statistic/securities
Based on 5.1.24 trading, foreign fund is net buyer. Both local institutional fund and local retailers are net seller. Not too good on last Friday.

Genting Berhad: Gooooooooooooooooooooooooooooooooooooooooooooooooo
Foreign Funds: Buyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy
Local Institutional Funds: Puuuuuuuuuuuuuuuuuuuuuuuuuuuuump
Local retailers: Chaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaesd

Michael_chan2022
Translation:
改革开跑·料破1600点 看好今年马股反弹
Reform is underway, expected to break 1,600 points, optimistic about the rebound of the Malaysian stock market this year.
报道：林迪陞

对比前几年的大起大落，马股在2023年可谓波澜不惊，全年仅跌2.73%，从2022年底闭市的1495.49点，降至2023年封关时的1454.66点。

虽然这是马股连续三年下滑，但轻微的跌幅，显示马股走势或许已渡过了谷底阶段并蓄势反弹。

在美联储预计结束升息，甚至可能降息，加上各种国内改革政策全面开跑的有利环境下，各家投行也普遍看好马股，在2024年开始反弹。

其中，联昌国际投行就对今年的马股走势极有信心，甚至把年杪综指目标，设在仍相当遥远的1755点。

至于马银行投行与兴业投行，虽然没有联昌国际投行那般乐观，但也看好马股可在年杪至少上探1600点。

Report: Lin Disheng

Compared with the ups and downs in previous years, the Malaysian stock market has been calm in 2023, falling only 2.73% throughout the year, from 1495.49 points when the market closed at the end of 2022 to 1454.66 points when the market closed in 2023.

Although this is the third consecutive year of decline for the Malaysian stock market, the slight decline shows that the Malaysian stock market may have passed the bottom stage and is poised to rebound.

With the Federal Reserve expected to end interest rate hikes and possibly even cut interest rates, and with various domestic reform policies in full swing, various investment banks are generally optimistic about the Malaysian stock market, which will begin to rebound in 2024.

Among them, CIMB Investment Bank is extremely confident about the trend of the Malaysian stock market this year, and even set the KLCI target at the end of the year at 1,755 points, which is still quite far away.

As for Maybank Investment Bank and RHB Investment Bank, although they are not as optimistic as CIMB Investment Bank, they are also optimistic that the Bursa Malaysia stock market can reach at least 1,600 points by the end of the year.

Michael_chan2022

https://www.sinchew.com.my/?p=5262736



倪可敏：拟2026推旅游年
放眼3500万游客观光

房屋和地方政府部长倪可敏表示，政府计划2026年推动大马旅游年，放眼吸引3500万名游客前来观光，预计至少带来1000亿令吉的收入。

Translation: Nga Ko Ming: Planning to launch tourism year in 2026
Looking at 35 million tourists for sightseeing

Housing and Local Government Minister Nga Ko Ming said that the government plans to promote the Visit Malaysia Year in 2026, aiming to attract 35 million tourists to visit, which is expected to bring in at least RM100 billion in revenue.

If today KLCI break 1,500 today (8.1.2024) and Genting Berhad is still flat or red, it is very depress.

GENTING BERHAD , pleeeeeeeeeeeeeas go up. 1, 2, 3, 4 or 5 sen also good enough already. Your son GENM has gone up already with high volume.

Looking at the performance of index linked counters, Genting Berhad is the only one not yet move up. It is still in sideway movement. This is a safest index linked counter to buy.

Genting Berhad volume is still low as compared to GENM. Hopefully foreign funds will buy Genting Berhad. Hopefully also our KLCI will break 1,500 points. I watch every moment of its share price movement. It still looks very shaky and unstable.

I sold my YTLPOWER and KGB already. Now 90% of my investment in Genting Berhad only. 10% still in cash.

GENTING, Please flýyyyyyyyyyyyy.😀

https://www.bursamalaysia.com/bm/market_information/market_statistic/securities
Foreign funds and local institutional funds are net buyers. Local retailers are net seller. Good. Just 12 points away for KLCI to break 1,500 points.

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20240104.pdf?t=1704441626
But GENM got net short position with a volume of 14,537,300.

https://www.bursamalaysia.com/misc/missftp/securities/securities_equities_rss_2024-01-04.pdf?t=1704441626
Jualan Singkat Dikawal Selia
Also no Genting. Good.

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20240104.pdf?t=1704441626
Genting is not in the net short position. Good.

Still a long time to wait. Fourth quarter results in end of February. Hoooold

@Michael_chan2022,
I will hold my shares until 28 Feb 2024.
At this moment, the volume is still the same as yesterday. If can breakout from RM4.70 convincingly, the sky is the limit. Look at YTLPOWER now. All forecast target prices are broken.

A false breakout of 4.70. Now drop back to 4.67/4.68.

Genting is still sleeping. So boring. Analyst gives high target price also no use. Pang72 now in WCEHB and YTLPOWER. He has left Genting. Last time he keeps on shouting RM6.95.

I sort of seeing that our KLCI keeps on going up. Now very close to the month of February 2024 where majority of the listed companies will report their quarterly earnings. Genting is in the KLCI and it is a recovery stock from the Covid-19 pandemic, it is expected to show an excellent 4th quarter results. Free visas for China and India tourists is an additional bonus. I strongly believe that Genting will climb above RM5.00 by 28 February 2024, just like YTLPOWER has successfully climbed above RM3.00 to RM3.10 before profit taking set in for it to close at RM3.00.

The following is copied from the YTLPOWER forum (Mr Ooi Teik Bee's comments):
The share price of YTLPower moves up north so strongly can be due to the followings :-
1.) Foreign funds are buying very aggressively.
2.) Under the instructions from the government to push up FBMKLCI index.

Even IWCITY also moves up for 3 consecutive days already.

@xiaochen: Now got new source of earning from Johor data centre middle of 2024. Will the target price be raised?

We cannot always buy at the lowest and sell at the highest. Just be thankful got profit instead of losing.

Sold all with a profit of RM5,557.22. The second limit up opening is a fake one.

Second limit up opening at RM1.57.

Really hope that this is the beginning of a real bull run, as hoped by Mr Ooi Teik Bee.

True enough the premium for KGB-WB has turned negative (-0.45%). Now can buy KGB-WB and convert to mother share if the negative becomes more negative.

Today volume is only 6,585,800. The first contract win in Nov 2023 has a volume of 8 times of today's volume. Hope for the best tomorrow. We do not know what the operators will do.

Looks like the share market is having a bull run. YTLPOWER up 23 sen, YTL up 9 sen, PBA up 12 sen (from red at 1.70) KGB up 8 sen.

@Ben0303, unexpectedly I bought at the limit up price of RM1.21. I also hope there is going to be another limit up tomorrow at RM1.57. After the second limit up, I also hope that the day after tomorrow will stay at RM1.57. (cannot have limit up for three consecutive days).

@Master, there is no second limit up in the second session, right.

Every time Calvintaneng, is in this forum, KGB will spike. It is still true today. Up 7 sen in the morning session. Never mind about KGB-WB (only up 2 sen).

If we were to study EDARAN net profit for FY2023/24 (RM,000), Q2 2023: 1,283; Q3 2023: 654; Q4 2023: 1,059; Q1 2024: 271, it is nothing specticular. It is up to the operator to manipulate the share price.

@Master: One trading day, only one time limit up. Got to wait for tomorrow (4.1.2024) to see how. If tomorrow second limit up, it will be RM1.57 but I do not think it can have second limit up. If tomorrow no limit up, then can trade between RM1.21 and RM1.57.

KUALA LUMPUR (Jan 2): Edaran Bhd has secured a RM356.56 million contract to provide hardware and software rental services to the Royal Malaysian Customs Department, its Bursa Malaysia filing showed on Tuesday.

The technology company said its wholly-owned Edaran IT Services Sdn Bhd secured the 48-month contract from the Ministry of Finance (MOF), and that the letter of award was accepted on Tuesday.

“Proceeds from the contract shall contribute towards the earnings of the group for the financial year ending June 30, 2024 (FY2024) until June 30, 2028 (FY2028),” it said.
Edaran’s substantial shareholders are Valiant Chapter Sdn Bhd, with a 23.8% stake, Kauthar Sdn Bhd (8.17%) and Unique Pyramid (7.93%).

Valiant Chapter is wholly-owned by Zamri Samsuddin, while Unique Pyramid is owned by Ruzila Ab Kadir, according to checks with the Companies Commission Malaysia.

Kauthar, meanwhile, is 95%-owned by Edaran’s founder, previously prominent corporate figure Tan Sri Tajudin Ramli, while the remaining 5% is held by his spouse Puan Sri Faridah Abdullah. Tajudin’s son, Fazlan Azri Tajudin, sits on the company’s board as an executive director.

https://theedgemalaysia.com/node/695854

Edaran Bhd has secured a RM356.56 million contract to provide hardware and software rental services to the Royal Malaysian Customs Department. The technology company said its wholly-owned Edaran IT Services Sdn Bhd secured the 48-month contract from the Ministry of Finance (MOF), and that the letter of award was accepted on Tuesday. Edaran bags RM356.56 mil contract to provide hardware, software rental services to Customs Department.

https://theedgemalaysia.com/node/695907

I unexpectedly bought 46,500 shares at limit up price of RM1.21.

No chance to buy. Opening at limit up price of 1.21.

@Master, Edaran all time high is only RM1.20. Edaran 52 week high is only RM1.06.

Tomorrow morning (3 Jan 2034) I will buy some. This share I gain once and lost once. In November 2023, when it went up from 60 sen to 80 sen, I gained. But when it dropped from RM1.05 to 95 sen, I lost. This is a very risky share due to its small float. Cannot hold for long term like MYEG. Can U turn very fast.

The last time Calvintaneng were here on 22 Dec 2023, it spiked up 25 sen. Tomorrow (2 Jan 2024), it should spike up again.

Why every trading day, Genting go down. Is it due to Covid 19? I don't think so.

Hopeless share. Begin 2024 in deep red.

Instead of moving down due to high net short, it goes up. Feel relieve.

@Ravi1969: Good to have an investor same like me regarding KGB-WB. Mr Ooi Teik Bee is holding both KGB and KGB-WB. He mentioned that he will include KGB-WB in the I3investor portfolio competition.

@cgtan2020, should I sell first then only buy back at a lower price? My average is RM0.79. Now RM0.81.

@cgtan2020,
Dear cgtan2020, I need a quick advise before market opens. Is it that KGB will fall first (due to the high net short), then it will reboud to new high.