I am curious why today so many transections, so many sellers and buyers? Foreign fund is selling and local fund is buying?

Just checked there is no shortist, I thing most dare not short Genting as ii is traded at a huge discount to sons.
https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20240307.pdf
( Posted by KooSan > 52 minutes ago | Report Abuse
Let's burn the shortist..)

Today rest, awaiting Monday February CPO stock level data

Today share price no bad, it let those purchase on 6 of March - 5.02 -4.82 (average transection price 4.90) to exit if they don't want to hold...........

Drug development is never been easy. Reaching Phase 3 is never easy.
 
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10210334/
Thirty‐seven new therapies—22 new chemical entities and 15 biologics—were approved by the FDA in 2022 across all therapeutic categories. 9 Five agents are active in the central nervous system (CNS) including one agent for relapsing multiple sclerosis, one treatment for amyotrophic lateral sclerosis, one anticonvulsant, and one therapy for the treatment of insomnia. One biological agent was directed at cerebral adrenoleukodystrophy to slow the progression of neurologic dysfunction. This is the smallest number of new drugs approved since 2016. There were no new treatments approved for AD in 2022. In 2021 and 2023, respectively, aducanumab and lecanemab received accelerated approval for the treatment of AD. Development for AD continues to be challenging with only these two drugs approved since 2003.

When people shouted all in, we started to be worrying......

1st target 1.47 reached. If advance a lot more, it will be a breakout of channel ceilling........
( 5 days 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)

RM9+ is a dream now, will take long time to realize. Drug approval is a long process and affected by science, politics, international top fund interests.........

We may notice from 4.82 to 4.92 not much transections 3.4M, that means not much sellers d. Mostly hold to celebrate tomorrow

kokchengkai


Your analysis is logical, agreed. (Taurx present the data in Ad pd conference 2024 in portugal .. many bio medical company n Ad Pd reseacrh team will attend the conference . Don't worry only positive report wil b present if not they wil absent tht conference)

Wash again, today up, tomorrow depend on results if gap up or gap down?

Foreign hot fund is exiting Bursa.
https://www.bursamalaysia.com/bm/market_information/market_statistic/securities

Thank! ATK, you are really professional in Genting, need to learn from you. I am interested to hold at least till Genting Singapore 1st Q24 results, to decide if continue to hold

Of course medium term will swing upwards, expected a peak in 2026 VMY. Therefore my last add up 4.90 from 4.02 haven't sold yet. however if it gap up above 5.40 in this month will sell 50%

CPO future breakout from 4000, real resistance at 4200. GENP not moving yet but Jtiasa start last leg

ha, wash again. support at 4.80

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..........)

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..........

It seems that It is planned to use Genting to support KLCI @1425 a fews day........tricky

Presentataion in 2 days more, if every day up 0.10, may reach 4.99 on 7th..........

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