Closing probably around 4.85, as Bolinger band ceiling, slow slow don't rush, let foreign fund collect more at lower price range

Boss own goreng looks real as not much sellers. Question is if foreign fund buy his goreng. My short term target price increase from 5.40 to 5.50. Transformation of Genting is just starting

https://www.orientaldaily.com.my/index.php/news/nation/2024/06/19/659826
https://www.youtube.com/watch?v=5SO59lro2rk&t=2s

It seems Genting pause trading for these announcements:
GENTING BERHAD, VIA ITS INDIRECT SUBSIDIARIES, SIGNED A SHARE SALE AND PURCHASE
AGREEMENT WITH JINENG INTERNATIONAL ENERGY CO., LTD AND A HEADS OF AGREEMENT
WITH SDIC POWER HOLDINGS CO., LTD. IN RELATION TO THE DEVELOPMENT AND OPERATION
OF A GAS FIRED POWER PLANT IN THE GREATER SHANGHAI AREA IN THE ZHEJIANG
PROVINCE, CHINA

GENTING BERHAD, VIA ITS INDIRECT SUBSIDIARIES, SIGNED AN ENGINEERING,
PROCUREMENT, CONSTRUCTION, INSTALLATION AND COMMISSIONING CONTRACT WITH WISON
NEW ENERGIES CO., LTD. WORTH OVER USD1 BILLION FOR A 1.2 MILLION TONNES PER
ANNUM ("MTPA") FLOATING LIQUEFIED NATURAL GAS FACILITY TO BE OPERATED IN WEST
PAPUA, INDONESIA

Government is still cautious that hard working and high tech China citizen with AI technology may take over Malaysia job market share. Malaysia nationals is too relaxing
(為什么没有長期.., 永久性互相免签？)

Ha, Li Qiang no effect? Foreign fund become nett seller continuously 3rd day yesterday....

HSBC said VIsa free extended to end 2025. Confirmed?
HSBC: Malaysia has removed visa requirements for Chinese from Dec 1, 2023 in a bid to boost its tourism industry. The visa exemption was originally set to end on Nov 30, 2024 before the scheme was extended to end-2025.
https://theedgemalaysia.com/node/715986

《中国外交部和马来西亚内政部关于互免签证的意向书》memorandum or letter of intent only, the extend of execution and period not yet confirmed. Hopefully the detail can be announced in due time.

Correction: Immediate resistance: around 4.85, MAV20=MAV100=4.74, support MAV50=4.64, MAV200=4.56......Slowly but surely

FCPO Report: Malaysian palm oil futures tumbled around 1% to below MYR 3,905 per tonne, shifting from modest gains in the prior session as trading resumed from Monday's break for the Eid-al Adha celebration, amid weakness in soyoil prices on the Dalian exchange and softer US crude oil prices. Lower export estimates in June also pressured sentiment, as cargo surveyor's data from Intertek Testing Services and AmSpec Agri indicated shipments of Malaysian palm oil products for June 1-15 sank between 19.8 to 21.6%, from the same period in May. Meanwhile, palm oil stocks stood at 1.75 million metric in May, the highest since February. Capping the fall were forecasts that palm oil purchases by top importer India may stay robust in June, likely around 750,000 tons, not far from a four-month high of 769,000 tons in the prior month. At the same time, low inventories in key buyer China have prompted customers to order cargo for delivery from this month to September.

Fund push up YTLpower to exit in the morning and swap to Genting in the afternoon?

Jtiasa may be benefited from Li Qiang effect: Anwar and Li are also expected to witness the signing of several memoranda of understanding (MoUs) and agreements in various areas of cooperation including in digital economy, green development, tourism, housing and urban development, higher education, science and technology, as well as on the export of agri-commodities to China.

https://www.thestar.com.my/news/nation/2024/06/18/chinese-premier-li039s-visit-celebrates-50-years-of-malaysia-china-diplomatic-ties

Genting may be benefited from Li Qiang effect: Anwar and Li are also expected to witness the signing of several memoranda of understanding (MoUs) and agreements in various areas of cooperation including in digital economy, green development, tourism, housing and urban development, higher education, science and technology, as well as on the export of agri-commodities to China.

https://www.thestar.com.my/news/nation/2024/06/18/chinese-premier-li039s-visit-celebrates-50-years-of-malaysia-china-diplomatic-ties

Oh. Guardian pharmacy holding company

4.65 die-die must touch this morning to show bottom. Rebounding journey may be initiated, because technically already charting oversold. Gap up not closed, showing gap up zone strong support.

What will be Genm and Genting share prices respond if Malaysia announce reciprocally for China citizen visa free period extend to 2025 (currently end of 2024) during Li Qiang visit? https://www.thestar.com.my/news/nation/2024/05/08/visa-free-travel-extended-till-2025#:~:text=KUALA%20LUMPUR%3A%20Visa%2Dfree%20travel,two%20countries%2C%E2%80%9D%20he%20said.


What are Li Qiang bringing to Malaysia? More Chinese tourists, palm oil purchase, semiconductor and AI investment or construction projects?
https://www.malaymail.com/news/malaysia/2024/06/16/chinese-premier-li-qiangs-visit-to-malaysia-next-week-will-enhance-bilateral-ties/139970

Tuesday have a chance to close the Gap 4.55-4.65. Once Gap closed, rebound can gain higher strength..........

What Li Qiang is bringing to Malaysia? More Chinese tourists, palm oil purchase, Semiconductor investment or Construction projects?
https://www.thestar.com.my/aseanplus/aseanplus-news/2024/06/12/chinese-premier-li039s-visit-to-nz-australia-and-malaysia-set-to-boost-ties

What Li Qiang is bringing to Malaysia? More Chinese tourists, palm oil purchase, Semiconductor investment or Construction projects?
https://www.thestar.com.my/aseanplus/aseanplus-news/2024/06/12/chinese-premier-li039s-visit-to-nz-australia-and-malaysia-set-to-boost-ties

Genting https://casinobeats.com/2024/06/13/genting-malaysia-keeping-a-close-eye-on-thailand-developments/

Genting https://www.asgam.com/index.php/2024/06/13/genting-group-still-keen-on-us-listing/

GENM https://agbrief.com/news/malaysia/13/06/2024/casino-closure-off-the-table-as-rwg-business-surges-says-genting-coo/

GENM https://agbrief.com/news/malaysia/13/06/2024/casino-closure-off-the-table-as-rwg-business-surges-says-genting-coo/

Wednesday GENM AGM https://www.ggrasia.com/gen-malaysia-tells-agm-upbeat-on-homeland-ny-report/

Ha, Ikan bilis push up 2 sen.....

Thanks for update. PLease continue update

Great! Peak profit next 2Q.
(WilburR2
Fresh Fruit Bunches 82,084 metric tonnes
Crude Palm Oil 16,419 metric tonnes
Palm Kernel 3,390 metric tonnes
Logs 4,741 cubic metres)
(Sslee

Jayatiasa should report a good FFB production for month May.

Malaysian Palm Oil Association (MPOA) on Friday reported that CPO production from May 1-31, 2024, compared to April 1-30, 2024, has increased by 14.85% in Peninsular Malaysia, 1.3% in Sabah, 19.75% in Sarawak, and 7% in East Malaysia, resulting in an overall increase of 11.83% for Malaysia’s CPO production.)

Sorry Mistaken the date of AGM....

Today FCPO report: Malaysian palm oil futures climbed almost 1% to near MYR 3,970 per tonne, gaining for the second straight session amid strength in soyoil contracts on the Dalian exchange and the CBoT. Meanwhile, the Malaysian Palm Oil Board (MPOB) reported that shipments in May jumped to a six-month peak of 1.38 million tons, a surge of 11.66% from the prior month. At the same time, crude oil prices rose for the third day, on upbeat global demand views from OPEC+ and the US EIA. In top importer India, palm oil purchases surged 12.4% during May to a four-month high of 769,000 metric tons. Meanwhile, the country's buying for June is expected to stay robust, likely at around 750,000 tons. Limiting the bullish momentum was caution that production growth may exceed industry expectations in the coming months. In May, output surged 13.8% from April to 1.7 million tons, the biggest in six months. Simultaneously, palm oil stocks last month stood at 1.75 million metric tons, the highest since February.

Foreign fund nett buying continue.... 7/6 nett buying 187M, 10/6 nett buying 11M, 11/6 nett buying 135M........ (Looks good, Confirmed Foreign Fund reschedule portfolio: After weeks of nett selling, 1st day 4/6 nett buying 254M, 5/6 nett selling 69M, 6/6 nett buying 164M, today will be nett selling? Genting may be benefited because 2Q business should be good.)

Genting Singapore can not move up recently despite good results especially after AGM may be due to higher expected CAPEX in near future. Higher CAPEX may eat into potential higher dividend.

It seems 4.65-4.68 successfully hold the share price in short term, time to U-turn.

If Trump win the election, USD long term will be soften, as it is republican monetary policy. Genting share price may spike

Foreign fund nett buying continue.... 7/6 nett buying 187M, 10/6 nett buying 11M.......... (Looks good, Confirmed Foreign Fund reschedule portfolio: After weeks of nett selling, 1st day 4/6 nett buying 254M, 5/6 nett selling 69M, 6/6 nett buying 164M, today will be nett selling? Genting may be benefited because 2Q business should be good.)

USD/myr is gaining strength today , good for short term palm oil price and export

Generally May export is good and production higher; higher revenue and profit are expected because April-June YoY average FCPO prices are higher. (Crude palm oil production gained 13.48% from April to 1.70 million tonnes, the biggest in six months.
Palm oil exports also rose to a six-month high of 1.38 million tonnes, up 11.66% from April, the MPOB said.)

https://theedgemalaysia.com/node/714803

Stock level released
https://bepi.mpob.gov.my/index.php/stock/313-stocks-2024/1173-monthly-closing-stock-of-oil-palm-products-2024

Further Q424 and Q125 traditionally are peak revenue period. Q4 is also peak dividend period.

TP depands on USD, vegetable oils and crude oil price and stock level , personal opinion is temporary TP around 1.50. If Fed doesn't cut rate or delay it, as Europe start cutting rate, USD may be strengthen, crude oil rebound and MYR weaken. Thus, FCPO traded in MYR can be maintained at 3800-4200 for longer period and TP will be 1.80.
(FCPO currently 3960, awaiting May CPO stock level to be released today. Yesterday FCPO review: Malaysian palm oil futures jumped around 1% to near MYR 4,000 per tonne, extending gains from the prior day and heading for the second straight weekly rise, up around 1.8% so far, due to strength in rival oils on the Dalian Exchange. Also, crude oil prices kept their upward momentum amid the readiness of major producers to pause or reverse output deals between them. In top importer India, palm oil purchases jumped 12.4% mom in May to a 4-month high of 769,000 metric tons. Meanwhile, the country's imports of the commodity for June are expected to stay robust, likely around 750,000 tons. Turning to China, palm oil inventory in the country was low, just enough for 1.5 months without imports, and Chinese customers have ordered cargoes for delivery from this month to September. Caution ahead of monthly export and production limited the upturn as Malaysia will release those figures next week. Reuters projected palm oil inventories by end of May were almost flat at 1.75 million metric tons.)

买定离手， unless visit again at double bottom, drastic recovery of profit starts now...........

Looks good, Confirmed Foreign Fund reschedule portfolio: After weeks of nett selling, 1st day 4/6 nett buying 254M, 5/6 nett selling 69M, 6/6 nett buying 164M, today will be nett selling? Genting may be benefited because 2Q business should be good.

Hi, choysun, checked Genting no real shorties. I think no one dare to short LKT huge holding without agreement at lower price band, only LKT or foreign fund can short it down.
https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20240605.pdf

Ha, I thing the AI can detect activities at I3 Genting chat room , when retailer sell, Institution can accumulate enough chips, price only can rebound. Micheal, we should shout selling from now on.......

Ha, who knows it want to kiss 4.65 before rebound? Could it be AI assisted chart drawing?

Selling pressure seems ease below 4.80, which is a good sign. After foreign fund become nett seller more than 1 week in Bursa last week to restructure thier portfolio , yesterday is 1st day Foreign fund become nett buyer, let's monitor if the momentum continue.

Actual strong support is 4.65-4.68 where Genting make a gap up after Genting Singapore released favorable results. this price range is currently supported by MAV20 and MAV50 if not mistaken. 4.75 is currently mav100, already support ed twice recently
( Posted by BryanW > 54 minutes ago | Report Abuse
RM 4.75 is a good support place, long term ftw.)

Now it is clear that how institutions lure retailer to sell and surrender their chips, is to create a panic selling so that big boys can collect cheap. After enough collecting, Genting price only can appreciate. CGS upgrade from 6.95 to 7.20 finally.
(3 days ago | Report Abuse
Ha, Genting chips mostly in retailers, when the chips changing hand enough to institutions or foreign funds, share price only can move upwards. HLB upgrade target price from 7.12 to 7.60. Maybank upgrade from 5.73 to 5.84. TA upgrade from 5.54 to 5.77 but share price resist to swing upwards, need to wait AGM or another QR.)

If look at today volume, it seems that foreign fund is selling heavily. 1600 seems broken, 1550 should be able to support the market.

Ha, Genting chips mostly in retailers, when the chips changing hand enough to institutions or foreign funds, share price only can move upwards. HLB upgrade target price from 7.12 to 7.60. Maybank upgrade from 5.73 to 5.84. TA upgrade from 5.54 to 5.77 but share price resist to swing upwards, need to wait AGM or another QR.

FCPO rebound today to support share price......Buy buy buy