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

Agreed with you but not sure if can closed above 5, above 4.90 is good enough. slow slow up is better than gap up.
(Johnchew123
IB report need send to institution fund , foreign fund oversea now night time , sleeping , afternoon only report go through by foreign fund , wait 2 .30 pm afternoon , see foreign fund step in , if step in , will close above RM 5)

Selling on news is happening. It seems 1 better than average QR only not enough to provide confident.

Disappointed QR, Revenue increase but profit drop. Any impairment?

😅To add back next Q, Hide the profit for next super Q?

Wah, you are so optimistic. "Meanwhile, its 49%-owned Genting Malaysia Bhd (KL:GENM) is cautious about its near-term prospects for leisure and hospitality but........."

Disappointed QR however share price already discounted poor QR.
From April 24, better QR4 is expected.
Hi, Patient Invester, can you help to check if Cash-borrowing still increase further than last Q?

[Free Cash Flow
Mar '23 Qtr : 3.3 million
Mar '24 Qtr : 35 million (10x)]

Q2 Genting profit may be contributed by Genting Singapore with full 3 month Visa Free comparing 2 month in Q1, with slightly improved production in GENP, slight better sales from GENM, 600M profit is not a dream.

Don't worry, GENM is predicted to drop a few sen, may rebound later, basically it is considered a dividend stock in future. Genting is different, when profit increasing, will be viewed as potential growth stock like ytlpower. Welcome ytlpower pofit taking fund entering Genting

Slight better than my expectation 550m, short term target increased to 5.40. Everyone sleep well tonight

A trick, a trick, a real, a trick, going forward a real, a real, a trick?.....

Ha, I bet net profit above 550M, which translate into >14.3 sen/share, if achieve may bring short term share price to hit 5.30-5.60

Genting is not affected by call warrant today, time to rebound..........

As expected, GENP contributed less QoQ (about 2/3 QoQ), although profit up YoY (up 10%) due to low production season. My Short term target increase from 5.20 to 5.30.

Jtiasa just shows bottoming pattern. It was rebounding from divergence of RSI and price yesterday

Why run? It may be just a normal phenomenon when call warrant in money expired. It is time to buy more as IB may try to push down the closing price.
(Therefore, GENTING QR results will be released on 30th May instead of 23th MAY to avoid fluctuation in share price as above warrant stop trading on 30th May. Conclusion: 29th closing price will be last chance to buy cheap)

Just a reference, volume profile technical analysis update on Genting today closing:
https://www.youtube.com/watch?v=Dk3dmeOoUD0

Let see if share price today closing up and tomorrow closing down due to call warrant or GENP

GENTINGC2P: CW GENTING BERHAD (MIBB): Expiry/Maturity of the securities
Instrument Category : Structured Warrants
Instrument Type : CALL WARRANTS
Exercise/ Strike/ Conversion Price : MYR 4.0000
Exercise/ Conversion Ratio : 8:1
Settlement Type/ Convertible into : Cash
Last Date & Time for Trading : 29/05/2024 05:00 PM
Date & Time of Suspension : 30/05/2024 09:00 AM
Last Date & Time for Transfer into Depositor's CDS a/c : 31/05/2024 04:00 PM
Date & Time of Expiry : 31/05/2024 09:00 AM
Date & Time of Delisting : 04/06/2024 09:00 AM
Therefore, GENTING QR results will be released on 30th May instead of 23th MAY to avoid fluctuation in share price as above warrant stop trading on 30th May. Conclusion: 29th closing price will be last chance to buy cheap

Checked. Genting has a call warrant (GENTINGC2P: CW GENTING BERHAD (MIBB)) by Maybank expired on May 31. Any effect on share price on 31 May?

More and more influencers talking about GentingB and GENM recently.
GENM volume profile analysis: https://www.youtube.com/watch?v=PkSIxKuBuRc&t=8s

Above influencer claimed he had just bought in GentingB. 2025 should be year of Genting if US market doesn't crash.
https://www.youtube.com/watch?v=fvqMRUrwwYc

Wah! You able to move Genting share price up 2 sen, must be financially very powerful!
Hopefully funds profit taking from YTL power today quickly move in Genting.........

QR may be released today. closing price surge may tell us something........

International tourism report by UN.
https://www.unwto.org/news/international-tourism-reached-97-of-pre-pandemic-levels-in-the-first-quarter-of-2024#:~:text=International%20tourist%20arrivals%20reached%2097,the%20first%20quarter%20of%202024.

International tourism is experiencing a rapid recovery in Asia and the Pacific where arrivals reached 82% of pre-pandemic levels in Q1 2024, after recovering 65% in the year 2023.
Asia still a laggard than international, therefore potential recovery is huge.

Genting suddenly have huge selling pressure now. Genting Singapore still looks ok

Monitor Singapore Genting Share price. Short term opportunity to buy cheap. Important things is if no boarder closing. This Covid news can be countered if in due time Singapore or Malaysia government announces Visa free period for Chinese citizens extended to 2025.....

Thanks ATK's estimation! if profit 600M, EPS may be more than 13sen, Huat! Personally feel that GenP contribution may be less due to low production season, GENM contribution should be higher than Q42023. (If GenP makes net profit rm60m for Q1, 55% ownership = approx rm33m of attributable to GenB. Combine GenS + GenP, both entities will be giving GenB attributable net profit of rm488m. If GenM + RWLV can just give another rm112m of attributable net profit to GenB, GenB's Q1 net profit rm600m liow. Its not difficult.)

Malaysia Q1 GDP 4.2% better
https://theedgemalaysia.com/node/711983

The government forecasts the economy to pick up pace to 4%-5% this year, from 3.7% last year, on the back of *export recovery* and *higher tourist arrivals* to bolster *consumer spending* and *business investments.*

Preparation for higher number of tourists will be started 1st June. Potential corruption at custom clearance hopefully can be reduced also. Good jobs.
https://www.nst.com.my/news/nation/2024/05/1051390/updated-travellers-36-low-risk-countries-can-use-immigration-autogate

Potential boost to share price of GENM, Genting, Capital A, Shang, ...if Malaysian government promptly reciprocate in due time by extending the visa-free policy for Chinese citizens to 2025.
In 12 countries announced as follows, Malaysia but not Singapore is the list.........

https://www.visaforchina.cn/KWI2_EN/generalinformation/news/283502.shtml#:~:text=To%20further%20promote%20people%2Dto,%2C%20Austria%2C%20Belgium%20and%20Luxembourg.
https://www.thestar.com.my/news/nation/2024/05/07/visa-free-travel-to-china-for-m039sians-extended-till-end-of-2025-says-envoy

Checked Moomoo: As at 30 April 2024, Shareholder activity: Increased share changes: Blackrock +2.69M, Victory Capital M +1.82M, First trust +524K...........: Decreased share chnages Charles Schwab -195K.......... Blackrock shareholding now is 1.48%, at 4th place....think about it

Heavy weight shares wouldn't limit up with such good news, every day up 5% is reasonable. Sorry for pouring cold water

Congratulations to all believers! see you at 5.20.

Is Genting Singapore Quarter release date today? Checked Investing.com. Any other source to confirm date?

Time to Accumulate slowly

Let's see tomorrow if can breakout from potential flag pattern. Last chance........

Hopefully going to challenge 0.85 and above tomorrow

Genting MAV 200 is 4.39, why need to cut loss at 4.40? Genting already test the gap up on 24/11/23 yesterday, it may retest the MAV200 before real rebound. Forming double bottoms at 4.39 is great.

Today is a negetive candle, it cancel bullish harami candlestick and potential three inside up triple candlestick pattern. The best is range bound now...........

Anyone see a classical bullish harami candlestick yesterday? Would it be a potential three inside up triple candlestick pattern? RSI divergence with price can be noticed very clearly now. Potential bullish flag pattern still possible. Let's see if today is positive candle to confirm......
(4 weeks ago | Report Abuse
If rebound from 1.35 not successful, strong support at 1.25. it is bottom of medium term uptrend channel)

Genting oversold, waiting for RSI divergence. Expected real rebound around early May

Genting oversold, waiting for RSI divergence. Expected real rebound around early May

Malaysia palm oil stock level fell 10%............
Malaysian palm oil futures were below MYR 4,280 per tonne, falling for the second session after hitting MYT 4,360 last week due to weakness in rival edible oil on the Chicago Board and a fall in palm olein on the Dalian. A drop in crude oil prices also weighed sentiment, as bets grew that the ongoing Middle East conflict would be contained. Traders were also cautious as the Eid al-Fitr festive buying nears its end. At the same time, they anticipated crucial economic data from key buyer China, including Q1 GDP figures and March industrial output and retail sales. Limiting the downside momentum was fresh data from the industry regulator showing Malaysia's palm oil stocks at the end of March fell 10.68% mom to an 8-month low of 1.71 million metric tons. Crude palm oil production gained 10.57%, while palm oil exports climbed 28.61%. On cargo surveyor data, shipments of Malaysian palm oil products for April 1-15 rose about 9.0% from the same period in March, Intertek Testing Services said.

Malaysia palm oil stock level fell 10%............
Malaysian palm oil futures were below MYR 4,280 per tonne, falling for the second session after hitting MYT 4,360 last week due to weakness in rival edible oil on the Chicago Board and a fall in palm olein on the Dalian. A drop in crude oil prices also weighed sentiment, as bets grew that the ongoing Middle East conflict would be contained. Traders were also cautious as the Eid al-Fitr festive buying nears its end. At the same time, they anticipated crucial economic data from key buyer China, including Q1 GDP figures and March industrial output and retail sales. Limiting the downside momentum was fresh data from the industry regulator showing Malaysia's palm oil stocks at the end of March fell 10.68% mom to an 8-month low of 1.71 million metric tons. Crude palm oil production gained 10.57%, while palm oil exports climbed 28.61%. On cargo surveyor data, shipments of Malaysian palm oil products for April 1-15 rose about 9.0% from the same period in March, Intertek Testing Services said.