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

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.

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.....

ya, buying opportunity on pull back

If today price action not close at 4.90, the resistance hasn't been taken out.......

Laggard股价目前不会有惊喜😉， it need to prove itself in coming & next quarter results released

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.....

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.

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

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.

Foreign funds distributing Hongbao......finally

CNY profit taking start to kick in, opportunity to buy cheap before CNY may be available.........

Agreed. Same like last year, opportunity to buy cheap just before CNY, share rebound to 5.11 after CNY before results released. Today profit taking before CNY start to kick in.
(share price should be bullish after cny before result is out)

Checked Genting singapore still struggling to break out from 1.03, today is 2nd day attempt. Tomorrow 3rd day is crucial

Genting belongs to Consumer Index, it has a strong resistance at 564+, Genting has a strong resistance at 4.90-5.00, every times genting was sold when reaching both resistance. Wait for a good news which can precipitating a successful breakout of both resistances

Genting Singapore challenge 1.02 resistance again the third times, let see if it can breakout today, usually things doesn't happen 3 times.