Wait for this, genting will rocket up. Wait for that, genting will rocket up, this and that all happened but genting no rocket up..... Keep dropping..... Never say never in share market. Haha ha
Wah, so many scare mongers out again ah. Just sentiment from China la. Malaysia not really impacted. Typical China using drastic measures to control :p
While the world is recovering from the pandemic (China still working on zero covid), the war adds into the uncertainty. Still Genting do have a future and will rebound once these things get sorted out. So whenever it drops, good chance to add.
Also banking is currently doing well. Quite stable too. If you don't know what to invest, park some money into banking. My banking (MBB) currently outperforms most of my other counters, how sad...
I took some profit on Genting last year July at about 4.90, switched to MBB at 8.00.....got 28 sen dividend on October, now paper gain is still more than 10%.....
...tiger roars.....foreign funds are still buying....can still consider at current level.
Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 37.9 percent year on year to 243.7 billion yuan ($38.26 billion) in the January-February period, the Ministry of Commerce said Monday. In U.S. dollar terms, the inflow went up 45.2 percent year on year to $37.86 billion. The service industry saw FDI inflows jump by 24 percent year on year to 175.7 billion yuan ($27.6 billion), while that of high-tech industries surged by 73.8 percent from a year earlier, data from the ministry showed. https://news.cgtn.com/news/2022-03-15/China-s-FDI-inflow-up-37-9-in-2022-s-first-two-months-18pQjiw4fi8/index.html
@stkoay sad because banking is considered safe but low return. I expect Genting to perform better than MBB. But with all these recent events, maybe mid2022 at the earliest. Thankfully I did not go all in with the plantation/commodity hype/bull-cycle. Always good to have some in a safe and steady counter.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
OnTime
2,188 posts
Posted by OnTime > 2022-03-15 10:52 | Report Abuse
China is going the right thing