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2 months ago | Report Abuse
From Jan to March chart, Fund in control big wash weak holders 2 times and small wash numerous times, only push over RM5 at 3rd attempts. 3rd attempt is pushed only after hot money escaped with planned " disappointed" QR. Therefore 4.90-5 will be strong support for Genting share price.
After hitting 5.40, if share price can form a flag again, ranging 5.40-5 thus from 5+0.72=5.72 as next target.
(Despite many times wrong prediction, technically we can see that Genting 1st leg is 4.74-4.02=0.72 (November 23), after that it enter less reliable flag pattern until MACD reaching neutral zone, stochastic reaching oversold zone yesterday. With today rebound, RSI hook up almost reaching 50% and Stochatic %K %D crossed smoothed %D. Again if 4.90 resistance can be crossed and stay more than 3 days, chances is 2nd leg 4.65+0.72=5.37 may be targeted. Any gap up above 5.40..........)
2 months ago | Report Abuse
Despite many times wrong prediction, technically we can see that Genting 1st leg is 4.74-4.02=0.72 (November 23), after that it enter less reliable flag pattern until MACD reaching neutral zone, stochastic reaching oversold zone yesterday. With today rebound, RSI hook up almost reaching 50% and Stochatic %K %D crossed smoothed %D. Again if 4.90 resistance can be crossed and stay more than 3 days, chances is 2nd leg 4.65+0.72=5.37 may be targeted. Any gap up above 5.40..........
2 months ago | Report Abuse
It seems that It is planned to use Genting to support KLCI @1425 a fews day........tricky
2 months ago | Report Abuse
Presentataion in 2 days more, if every day up 0.10, may reach 4.99 on 7th..........
2 months ago | Report Abuse
Suddenly share price shoot up, TAU RX celebration or purely goreng?
2 months ago | Report Abuse
Foreign hot fund take the opportunity of strengthen MYR/USD to exit market and readjust portfolio. Support 1525, 1500. Hope can add Genting at 4.50-4.55
2 months ago | Report Abuse
Raya card on the way! Please celebrate company good quarter results!
2 months ago | Report Abuse
Surprisingly not much seller at 1.30......all are waiting @higher level?
2 months ago | Report Abuse
Technically if you draw uptrend channel of Jtiasa, a few day back it drop below bottom channel at around 1.22, today with strong come back to the channel and you may see ceiling of the channel at around 1.47
2 months ago | Report Abuse
It seems 1.10 not likely in near term unless market crash
2 months ago | Report Abuse
Ya. It seems I was wrong again. It seems Angmoh cashing out now, towards 1530 , 1570 may be very slim chances next week.
2 months ago | Report Abuse
Great! support above 0.775. Please celebrate Raya bull!
2 months ago | Report Abuse
Hi, Thanks OTB. Oh, Tan Teng Boo is back. Tan Teng Boon first prediction is correct and realized. See this in Oct 2023.
https://www.thestar.com.my/business/business-news/2023/10/10/icapitalbiz039s-tan-teng-boo-bets-on-039positive-change039
His second prediction is depanding on current government especially Anwar to do correct things! (He expects the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to, at least, double its current level to hit between 2,500 and 3,000 over the next three to five years.)
2 months ago | Report Abuse
Selling pressure seems subsided, last leg to push KLCI to 1570 before correction......to let some foreign fund to exit.
Hopefully after a good correction, there will be a small bull before Raya end of March......Food, chicken, eggs and plantation.....
2 months ago | Report Abuse
Short term trader profit taking selling on news, QoQ profit down. However, you can see someone is collecting aggressively just now
2 months ago | Report Abuse
At the time of posting, US PCE released is within expectation, hope the relief can be spread till tomorrow morning. The sentiment is good for Increase of MYR/USD and influx of foreign funds. Watch out next week KLCI may have last leg to challenge 1570
2 months ago | Report Abuse
Ha, above 5 need to wait for next quarter. Revenue and profit before tax improve a lot. Will keep
2 months ago | Report Abuse
Finally nett cash company. Yay. Short term trader will sell and long term investor will collect. hopefully more institution investors entering
2 months ago | Report Abuse
Fortunately KLCI today may be a doji view from morning situation as sell off seems absorbed by local funds
2 months ago | Report Abuse
Situation change since yesterday. So far foreign fund is daily nett buyer for KLCI, but U turn since yesterday. Hope it is just an one day sell off before US PCE data................. https://www.bursamalaysia.com/bm/market_information/market_statistic/securities
2 months ago | Report Abuse
Revenue slow 8% but profit comparable YoY. QoQ profit better, may be include government subsidy, support @0.775 should be able to hold for rebound
2 months ago | Report Abuse
Be careful! KLCI index today stated a bad indicator, bearish engulfing candle at the ceiling of uptrend channel. If KLCI index can not corrected tomorrow, big correction to 1530 coming as US market is waiting for it PCE reading
2 months ago | Report Abuse
Be careful! KLCI index today stated a bad indicator, bearish engulfing candle at the ceiling of uptrend channel. If KLCI index can not corrected tomorrow, big correction to 1530 coming as US market is waiting for it PCE reading
2 months ago | Report Abuse
I thing the jerking is due to TNB results shock. Technically if you draw a uptrend channel for KLCI index, you may find KLCI reaching the ceiling of the channel. Yesterday close states a breakout of channel but if today close below the ceiling than the market may proceed with a correction as RSI is very high now
2 months ago | Report Abuse
Reading RJ87 post, It seems that Lay Hong poultry products sale increase but eggs sales drop. If you see CAB as pure poultry and poultry product producer which share price is advancing before 1st Q results release, may be there is a hint. however, I wound not recommend to buy CAB now, because best enter price may be before 0.75
2 months ago | Report Abuse
Furthermore , a lot of local funds can not buy Genting because Genting is not shariah compliance
2 months ago | Report Abuse
Foreign fund is nett buyer. Local institution and retailer keep selling. When foreign fund can accumulate enough chips, share price only allowed to move upwards.
2 months ago | Report Abuse
Selling seems absorbed. 4.75 support is effective.
2 months ago | Report Abuse
Is EPS 7c one off due to government subsidy received as revenue 266 comparable to last year same quarter 267?
2 months ago | Report Abuse
Personal view is Genting have to wash to provide more opportunity for Foreign fund long term investor. Q4 profit may be slightly lower or equivalent as Genting Singapore recognized impairment. My Target 5.25 for Q4 2023 results
2 months ago | Report Abuse
Don't worry. Genting will post best quarter results Q1 2024 in May. Genting Singapore already recognized impairments in Q4 2023 thus increased profit can be seen in Q12024 as increased visa free tourist number. Share price will be well supported at 4.75. Don't take Taurx seriously at this moment
2 months ago | Report Abuse
Raw materials like corn and soyabean soften price may benefit producers, no wander milk, chicken and eggs producer share price started to rally
2 months ago | Report Abuse
May be this is Genting final Wash before GENP and GENM better results release. Genting Singapore reserve the profit in accounting for May rally
2 months ago | Report Abuse
Fortunately early morning still have foreign fund support the share price at 4.90 awaiting GENP and GENM results.
https://www.smartkarma.com/home/newswire/earnings-alerts/breaking-down-genting-singapore-gens-earnings-final-dividend-per-share-misses-estimates/
Genting Singaporeās final dividend per share is S$0.02, which is lower than the estimated S$0.04.
The net income reported by the company is S$611.6 million, falling short of the estimated S$692.6 million.
Revenue for Genting Singapore is S$2.42 billion, slightly higher than the estimated S$2.41 billion.
2 months ago | Report Abuse
GenS results Q42023 is lower than expected. As predicted, to me Q12024 only the explosive result will be released.
2 months ago | Report Abuse
Support 4.90. Unfortunately Genting like to play gap up
2 months ago | Report Abuse
Be careful. HSR by private sector may be not feasible.
https://www.sinchew.com.my/?p=5405022
2 months ago | Report Abuse
Be careful. HSR by private sector may be not feasible.
https://www.sinchew.com.my/?p=5405022
2 months ago | Report Abuse
Genting results 4Q 2023 is expected slightly better or equivalent than 3Q. Personal view explosive results is only expected in 1Q 2024...........
2 months ago | Report Abuse
Foreign funds are buying, local institutional funds are selling, strategically. Therefore, when hot money leaving, we have fund to support the market to prevent crashing.
(If tomorrow gap up, some would be saying, aiya, why did I sell... :p)
2 months ago | Report Abuse
GenS may be release results on 22 Feb, this week.
https://www.investing.com/equities/genting-international-earnings
(If next week GenS or GenP result is very good, Share price sure go up.
Exchange rate convert to Ringgit profit even more for GenB.)
2 months ago | Report Abuse
Genting Singapore price surging on day 3 may indicate new uptrend started. We may say bye bye Genting below 4.90 today in near term....
Stock: [GENTING]: GENTING BHD
2 months ago | Report Abuse
CPO future breakout from 4000, real resistance at 4200. GENP not moving yet but Jtiasa start last leg