The 4th quarter earning will released on 25 Feb 2024. On 27 Feb 2024, I will sell all my Genting and GENM.

I just leave it as it is until end of February. Sometimes we gain, sometimes we lose.

Which share is confirmed to have a good earning report in the Feb 2024 earning season? It is not YTLPOWER. YTLPOWER only assured to have a good report in Aug 2024 after its data centre is set up in Johore. But Genting is assured to have a fantastic Feb 24 quarter report.

Chloe, oh Chloe, don't be fearful, when it went up from RM4 to RM4.60, there were many corrections on the way. If you cannot take it, just shut off the computer screen.

Michael_chan2022
Translation:

Tang Bolin, vice president of Rakuten Trading's equity research department, told Bernama that:
If the FBM KLCI is testing the psychological level of 1,500 points and successfully breaks through this resistance level and can maintain it for a longer period of time, it is expected that there will be more room for upside.

"Hence, we estimate that the FBM KLCI will hover between 1,490 and 1,510 points this week."

Talking about shooting star, YTLPOWER at one stage even dropped back to RM1.85 from RM 2.25. Buy they still hold tightly. And today it is RM3.40.

85% of my investment is in GENTING and 15% is in GENM.

GENM, oh GENM, pleeeeeeease close up 1 sen to close at RM2.79/2.90.

Genting, oh Genting: Pleeeeeeease go up by 1 sen to close at RM4.91/4.92 today.

Genting Singapore closed at $1.00 flat yesterday. We should watch today whether or not it could hold at that price and not drops back to below $1.00.

Anyway, the February 2024 earning report is still pending. In Jan to Feb of 2023, when the price of Genting was above RM5, suddenly a NEGATIVE earning reports came out and Genting price day by day dropped back to RM4. One investor wrote that I should have sold all at RM5 and above.

Shooting star means the initial rise is back to the initial price meaning a rally has stopped.

Genting closed unchanged at RM4.90. It went above RM5 to RM5.02 for a short while before making a U turn back to RM4.90. If you were to study how Genting went up from RM4 to RM4.60, there are many U turns. This is a common phenomenon.
GENM went up 1 sen to RM2.88.

@Havefun: Agree with you. There could be some rebound in the second session, even 1 sen also good enough already. Dragon328 is also a shareholder of Genting. He has golden fingers. Whatever he touches, it will go up.

The above were at the price of RM4.90. The highest is RM5.02. And the lowest is RM4.90.

There is no point of selling Genting at this moment. If sell already, the cash obtained buy what? We still have not see the 4th quarter results. Last year (2023), the 4th quarter results were ugly. That was one of the reason for Genting share to fall back to RM4 from RM5. Just hold. Shares never go up in a straight line.

Aiyoh, what happened in early 2023 is happening again now. Got pass RM5. Then, drop back below RM5.00. Now only 4.95. Those who want to sell, faster sell now. I will continue to hold.

Come on Genting. YTLPOWER from red at 3.33 also can go green at 3.46. Genting, you can do it.

YTLPOWR struggling to get pass RM5. GENM struggling to get pass RM2.90.

Genting, oh Genting, after breaking RM5, you should rise to 5.10, 5.20, 5.30, 5.40, 5.50 and so on until RM6.95 in 2025.

Genting oh Genting, after breaking RM5, pleeeeeeeerease do not fall back to below RM5, as what happened in early 2023.

@Dragon326: Yes you did mention before that when Genting dropped back from RM5 to RM4, you averaged down. Your analysis and holding power are fantastic. Riaz1954 is worry that when Genting this round go above RM5 and then droped back to below RM5. I am also having the same worry as Riaz1954. Let's hope for the best. It is getting nearer and nearer to end of February day by day where the 4th quarter results will be announced.

@Riaz1954: I I am not mistaken, you mentioned that you have held Genting shares for 2 years. It is truly a hard time for you. Dragon328 bought from RM4 to RM5 only to see it dropped back to RM4. Let us hope that this round of foreign funds really push it up to above RM5 convincingly. Good luck.

Michael_chan2022
Translation
(Kuala Lumpur, 8th) Driven by positive sentiment, both Genting Bhd and Genting Malaysia Bhd rose.

Genting ranked tenth on the rise as investors cheered the potential upside in its 52.63%-owned Genting Singapore, which has returned to pre-COVID-19 levels.

In addition, analysts said the possibility of Genting Malaysia's Resorts World New York City winning a downstate commercial license also brought positive sentiment.

Genting has risen steadily from a low of RM4.15 on November 10 last year. It hit an 11-month high of RM4.88 during the market break, with an increase of 3.39% or 16 sen, with a total of RM8.459 million changing hands.

According to Bloomberg data, the stock currently has 14 "buy" and 1 "hold" recommendations. Hong Leong Investment Bank gave the highest target price of RM6.95, while the lowest was Goldman Sachs’ target price of RM4.30.
Genting Malaysia, which holds 49.33% of Genting Malaysia, climbed as high as RM2.88, the highest since October 18, 2021, when it closed at RM2.94.

The stock rose six sen or 2.14% to RM2.86.

The stock has 12 "buy", 5 "hold" and 1 "sell" ratings, with a consensus target price of RM4.11.

Apart from Genting Singapore and Resorts World New York City, Maybank Investment Bank believes that the ringgit's recovery will also benefit Genting's valuation.

"Our view is that the ringgit will strengthen to 0.23 against the US dollar from the current 0.22. Therefore, we expect the discount on the integrated valuation method to narrow to 60%, compared with about 65% currently."

In addition, Genting has call options in TauRx Pharmaceuticals Ltd, in which it holds 20% of the shares, which is currently developing drugs to treat Alzheimer's disease.

It is understood that TauRx has submitted its lead drug hydrogen methylthionine methanesulfonate (HMTM) to the UK Medicines and Healthcare Products Regulatory Agency for consideration for approval.

"We currently value TauRx at only US$1 billion (RM4.65 billion). If the company's valuation reaches US$15 billion as previously reported, our target price for Genting may be raised to more than RM8."

Maybank Investment Bank maintained its "buy" rating on Genting and raised its target price to RM5.84 from RM5.49.
Genting Malaysia, which holds 49.33% of Genting Malaysia, climbed as high as RM2.88, the highest since October 18, 2021, when it closed at RM2.94.

The stock rose six sen or 2.14% to RM2.86.

The stock has 12 "buy", 5 "hold" and 1 "sell" ratings, with a consensus target price of RM4.11.

Apart from Genting Singapore and Resorts World New York City, Maybank Investment Bank believes that the ringgit's recovery will also benefit Genting's valuation.

"Our view is that the ringgit will strengthen to 0.23 against the US dollar from the current 0.22. Therefore, we expect the discount on the integrated valuation method to narrow to 60%, compared with about 65% currently."

In addition, Genting has call options in TauRx Pharmaceuticals Ltd, in which it holds 20% of the shares, which is currently developing drugs to treat Alzheimer's disease.

It is understood that TauRx has submitted its lead drug hydrogen methylthionine methanesulfonate (HMTM) to the UK Medicines and Healthcare Products Regulatory Agency for consideration for approval.

"We currently value TauRx at only US$1 billion (RM4.65 billion). If the company's valuation reaches US$15 billion as previously reported, our target price for Genting may be raised to more than RM8."
Maybank Investment Bank maintained its "buy" rating on Genting and raised its target price to RM5.84 from RM5.49.

As for Genting Malaysia, the bank pointed out that the number of tourists at Resorts World Genting should return to pre-epidemic levels this year, which will drive the group’s profit for the fiscal year ending December 2024 to rebound by 60% year-on-year. This will enable Genting Malaysia to offer an interest rate of at least 5.4% per annum.

The bank reiterated its "buy" rating on the stock and raised its target price from RM2.70 to RM2.93.

"A potential catalyst is Resorts World New York City winning a southern commercial casino license, which could add 56 sen to our target price."

"It is hoped that the results of the above-mentioned commercial gambling license bidding will be announced within the year. If successful, it is expected to stimulate foreign investors' interest in Genting Malaysia's shares. Currently, Genting Malaysia's foreign shareholding ratio is at a multi-year low, as of September 2023 15% on the 30th.”

"Another explanation for the low foreign ownership is that the downside risk to Genting Malaysia's share price from foreign outflows is likely to be minimal."

Have faith in Genting and think positively. I said to myself.

Hoooòoooòooooooooooooooooooold

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.