Suddenly share price shoot up, TAU RX celebration or purely goreng?

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

Raya card on the way! Please celebrate company good quarter results!

Surprisingly not much seller at 1.30......all are waiting @higher level?

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

It seems 1.10 not likely in near term unless market crash

Ya. It seems I was wrong again. It seems Angmoh cashing out now, towards 1530 , 1570 may be very slim chances next week.

Great! support above 0.775. Please celebrate Raya bull!

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.)

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.....

Short term trader profit taking selling on news, QoQ profit down. However, you can see someone is collecting aggressively just now

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

Ha, above 5 need to wait for next quarter. Revenue and profit before tax improve a lot. Will keep

Finally nett cash company. Yay. Short term trader will sell and long term investor will collect. hopefully more institution investors entering

May 24 Genting is expected above RM5

Fortunately KLCI today may be a doji view from morning situation as sell off seems absorbed by local funds

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

https://www.klsescreener.com/v2/news/view/1285345/%E9%A6%96%E5%AD%A3%E5%87%80%E8%B5%9A3838%E4%B8%87-cab%E6%9C%BA%E6%9E%84%E6%8C%81%E7%8E%B0%E9%87%91%E9%80%BE2%E4%BA%BF
Enough cash to pay dividends

Good. Results safe.

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

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

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

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

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

Furthermore , a lot of local funds can not buy Genting because Genting is not shariah compliance

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.

Selling seems absorbed. 4.75 support is effective.

Is EPS 7c one off due to government subsidy received as revenue 266 comparable to last year same quarter 267?

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

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

No lar. Genting next support 4.75

Raw materials like corn and soyabean soften price may benefit producers, no wander milk, chicken and eggs producer share price started to rally

Any bad news?

May be this is Genting final Wash before GENP and GENM better results release. Genting Singapore reserve the profit in accounting for May rally

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 Singapore‘s 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.

GenS results Q42023 is lower than expected. As predicted, to me Q12024 only the explosive result will be released.

seems towards 0.86

Support 4.90. Unfortunately Genting like to play gap up

Be careful. HSR by private sector may be not feasible.
https://www.sinchew.com.my/?p=5405022

Be careful. HSR by private sector may be not feasible.
https://www.sinchew.com.my/?p=5405022

Genting results 4Q 2023 is expected slightly better or equivalent than 3Q. Personal view explosive results is only expected in 1Q 2024...........

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)

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.)

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....

All the laggards like Consumer , plantation , technology and energy sectors start moving, let's enjoy 1 weeks of last leg before profit taking!

Next resistance may be 5.11, 5.25.
https://www.sinchew.com.my/?p=5401523
大马在这个春节成为中国人民出游的五大国家之一，新年期间就有5000个中国团到访、超过10万名中国游客到马旅游，估计带来10到15亿令吉的经济效益。

2024: 2 sectors to be reviewed upwards, will be shine end of 2024.
https://www.thestar.com.my/business/business-news/2024/02/16/malaysia-registers-economic-growth-of-3-in-4q23

Moving forward, Bank Negara said growth in 2024 will be driven by resilient domestic expenditure and improvement in external demand.
It said the tech upcycle combined with stronger external demand and continued improvement in the tourism sector will provide support to Malaysia's exports.

Finished washing weak holders below 4.90? Watch Genting singapore if can maintain breakout from 1.03 day 3 on Monday.
https://www.youtube.com/watch?v=cxF02aSYxhs

Let see Genting Singapore can close above 1.03 and maintain for 3 days. if do, a decisive breakout is possible.

Queue buy more @4.80