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2024-03-01 09:19 | Report Abuse
Short term trader profit taking selling on news, QoQ profit down. However, you can see someone is collecting aggressively just now
2024-02-29 22:45 | Report Abuse
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
2024-02-29 19:24 | Report Abuse
Ha, above 5 need to wait for next quarter. Revenue and profit before tax improve a lot. Will keep
2024-02-29 18:54 | Report Abuse
Finally nett cash company. Yay. Short term trader will sell and long term investor will collect. hopefully more institution investors entering
2024-02-29 10:02 | Report Abuse
Fortunately KLCI today may be a doji view from morning situation as sell off seems absorbed by local funds
2024-02-29 09:41 | Report Abuse
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
2024-02-28 18:45 | Report Abuse
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
2024-02-28 17:05 | Report Abuse
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
2024-02-28 17:05 | Report Abuse
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
2024-02-28 12:31 | Report Abuse
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
2024-02-27 11:45 | Report Abuse
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
2024-02-27 10:54 | Report Abuse
Furthermore , a lot of local funds can not buy Genting because Genting is not shariah compliance
2024-02-27 10:26 | Report Abuse
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.
2024-02-27 09:19 | Report Abuse
Selling seems absorbed. 4.75 support is effective.
2024-02-26 22:44 | Report Abuse
Is EPS 7c one off due to government subsidy received as revenue 266 comparable to last year same quarter 267?
2024-02-26 12:17 | Report Abuse
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
2024-02-26 10:51 | Report Abuse
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
2024-02-23 10:59 | Report Abuse
Raw materials like corn and soyabean soften price may benefit producers, no wander milk, chicken and eggs producer share price started to rally
2024-02-23 09:57 | Report Abuse
May be this is Genting final Wash before GENP and GENM better results release. Genting Singapore reserve the profit in accounting for May rally
2024-02-23 09:18 | Report Abuse
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.
2024-02-22 19:30 | Report Abuse
GenS results Q42023 is lower than expected. As predicted, to me Q12024 only the explosive result will be released.
2024-02-22 15:06 | Report Abuse
Support 4.90. Unfortunately Genting like to play gap up
2024-02-21 08:35 | Report Abuse
Be careful. HSR by private sector may be not feasible.
https://www.sinchew.com.my/?p=5405022
2024-02-21 08:35 | Report Abuse
Be careful. HSR by private sector may be not feasible.
https://www.sinchew.com.my/?p=5405022
2024-02-19 17:40 | Report Abuse
Genting results 4Q 2023 is expected slightly better or equivalent than 3Q. Personal view explosive results is only expected in 1Q 2024...........
2024-02-19 17:32 | Report Abuse
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)
2024-02-19 17:25 | Report Abuse
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.)
2024-02-19 14:32 | Report Abuse
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....
2024-02-19 11:37 | Report Abuse
All the laggards like Consumer , plantation , technology and energy sectors start moving, let's enjoy 1 weeks of last leg before profit taking!
2024-02-19 09:18 | Report Abuse
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。
2024-02-17 11:17 | Report Abuse
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.
2024-02-17 10:28 | Report Abuse
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
2024-02-15 11:34 | Report Abuse
Let see Genting Singapore can close above 1.03 and maintain for 3 days. if do, a decisive breakout is possible.
2024-02-13 15:53 | Report Abuse
The Consumer index covering weakest sector in Bursa has broken out from 564 last week and the break out has been confirmed today. As it is new break out, future index is expected to extend the most (alongside with plantation index, energy index, industrial index which are laggards) compare with other indexes in near term. Genting today is considered 1st day above 4.90 if close above 4.90, will monitor if can stay 3 day convincingly above 4.90, purely from technical point of view. We should monitor US treasury yield curve if any huge pulling back from US market especially after Nasdaq index breaking new high.
2024-02-09 14:30 | Report Abuse
It was sold down in previous 2 attempts above 4.90 ...Let see this time if can stay at least 3 days above 4.90.....
2024-02-08 15:03 | Report Abuse
If today price action not close at 4.90, the resistance hasn't been taken out.......
2024-02-08 12:00 | Report Abuse
Laggard股价目前不会有惊喜😉, it need to prove itself in coming & next quarter results released
2024-02-08 10:56 | Report Abuse
Riaz, thanks for your critical explanation. As Genting and the Consumer index it belongs to clearly are not leader but laggard before CNY, there are signs fund may rotated to Consumer index stocks after CNY to complete the target of 1530 and 1550, hope I am right.....
2024-02-08 10:04 | Report Abuse
Pulled back add a bit at 4.90. It takes Genting almost 2 months to stir the weak holders, collecting and distributing shares below 4.90 as too many shares of this holding company. Finally it is done, ready for post CNY for KLCI 1530.
2024-02-08 08:50 | Report Abuse
Technically Genting break out from 4.90 resistance and need to stay at least 3 daya above 4.90 to confirm the break out. Consumer index seems having a breakout above 564. The trends should be able to maintain as long as US market doesn't crash as SnP is very near to 5000
2024-02-06 01:35 | Report Abuse
4.90 is a ceiling of Genting downtrend channel since Nov 2019! If you draw a line from peaks of Genting share prices since Nov 2019, you will reach today 4.90. Breaking out from 4.90 and no return means a lot for Genting share price after that. As Genting already tried twice but failed to break out from 4.90 this quarter, it is highly possible that having 3rd time successful break out especially after CNY before results released. Best is
inching up slowly to break this stubborn 4.90 resistance. Therefore any pull back these few days is a good accumulation period with the conditions that US market and USD/MYR still stable.
Stock: [GENTING]: GENTING BHD
2024-03-01 10:38 | Report Abuse
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.....