Norway’s Government Pension Fund Global, world’s largest sovereign wealth fund with a market value of abt RM5.66 trillion increased its stake in Genting Malaysia fr 0.7% to a higher 1.3 % !
If 5.66T fund have confidence, trust & invest in GB's GM, we should invest in GB.
Ah yah, yesterday One Night Stendt??? Breakfast today only Sky Juice one glass only. Too bad. Eating menu also adjusted according to G stock performance. :-/
“Day after day, the direction seems to change. This opens up good opportunism for companies which have fundamentals, strong earnings, strong outlook for the next three-to-five years. What is really interesting about these markets is that there are these every-other-day changes in either direction where investors are outrageously bullish or outrageously bearish the next day.”
Interesting, first time to see an IB actually put a TP on RWNY
He maintained "buy" on Genting Malaysia but lowered its target price to RM3.30 from RM3.37. "There could be another 53 sen of upside potential if Resorts World New York is converted into a full casino," he said
Some folks on this forum are predicting doomsday and suggesting that the recovery is not taking hold! I would like to remind these folks that world equity market has taken cue from US where the market has entered bear territory! Genting irrespective of its improving operating environment is not immune from these corrections! That said it will not go lower as much as it is already very low. Improving numbers hopefully will be confirmed when 1 qtr results are announced which will establish improving trend. The full recovery will probably take longer …..to be seen possible 3rd quarter or when China eventually opens travel! The other unknown is of course whether we are heading into WW3! Actually it is already WW3 without official statement. US and NATO have been supplying arms to Ukraine since 2014 and are providing maximum help without putting its troops…on the ground though even this is not entirely correct.
Good time to buy…I would say given that people are once again out and wanting to spend…eventually this will filter through the gaming sector. Therefore in conclusion, things will get better from here not worse for the hospitality sector. US stocks rallied well ahead of all the markets and now have corrected, where as in Asia and Malaysia in particular we have been laggards…so timing wise it is probably right time to invest.
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@MoneyMakers, you are a seasoned share trader or investor of GB. Since you do buy & sell GB, can you share some positive thoughts & news abt GB ? Almost all GB shareholders here want to read your pos thoughts & news abt GB. Thank you.
@Dream Makers, the banks wont force sell because those LKT pledged personal shares are not for public listco corporate use la.... You have humiliated yourself enough here with your delusions.
You want to buy GB cheap come here and fear mongering wont work la.... Go and learn some professional cha cha technical skill dance moves, keep quiet and focus on the stock's price action. I tell you something.... I scooped up a lot of GB shares at around 4.51 zone. Precision technical support line, touch and rebound. Nailed the bottom this time again. You still want to buy cheap cheap can wait long long OK? People making money but you like to make dreams. Hahaha...
AngTayKor, emsvsi, choysun are among the many shareholders who are positive on GB.
Unfortunately, there are a few dubious characters who defile GB by scare & panic mongering in their attempts to influence forumers here to sell cheap, cheap so that they can pick up GB shares on the cheap.
GB Shareholders Take Note. If anyone says BAD abt GB, S/he is the REAL BAD ONE.
GB is the GOOD ONE/SHARE. S/he is the REALLY BAD ONE.
DON'T LISTEN TO NAYSAYERS. THEY ARE OUT TO CHEAT YOU.
NAYSAYERS OUT TO CHEAT YOU !
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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....
1invest1
1,467 posts
Posted by 1invest1 > 2022-05-05 13:05 | Report Abuse
Norway’s Government Pension Fund Global, world’s largest sovereign wealth fund with a market value of abt RM5.66 trillion
increased its stake in Genting Malaysia fr 0.7% to a higher 1.3 % !
If 5.66T fund have
confidence, trust & invest in
GB's GM, we should invest in GB.