As i and warned, Genting has very strange share dealing patterns. When it corrects it corrects in a big way, when it rises there is lot of profit taking. This correction is interesting as it has gone below, 4.98, could be insiders selling, or simply small holders as the volumes are relatively low….another point is that the selling has impacted Sing as well ….so is the results, as by now internal guys would know the results.
@newbie2019 MA50 and 200 crossing at around 4.58. Prices have been keeping above the MA10 trend line. See if tomorrow onwards it will keep above. Looks strongly supported. Not much shorting today, so lots of profit taking. Folks will come back :p
DONT WORRY GUYS ! RM5 IS THE CHEAPEST PRICE YOU CAN GET WAIT 4Q22 1Q23 CHINA TAURX ALL COMINGGG ONLY GENTING HAS THE OPPORTUNITY TO GIVE 100% ALL OTHER BLUE CHIPS CANNOT TOO BLOATED LIKE THE FAT LADY SINGS !
Posted by prudentinvestor > 11 hours ago | Report Abuse
"unnecessary worry ... 及人犹天" Let's see how it performs in the next few months. 别得意忘形
Your caution reminds me of Icap Tan Teng Boo, forever worry this and that events, end of the day put major parts of Icap funds in Fixed Deposit for past 10 years, yet he claimed himself as Warren Buffett of Malaysia. As a Bursa investor, I am vigilance of event that may impact this counter. I see no reason to worry so much as long as PH is in control of federal government and Pahang State government right now .Certain states seats may lose to PN in Selangor and Penang in future state election may cause some correction on this counter but I believe the impact may not as severe as like lock down during Covid 19
@MG9231, by sacking/suspending his opponents, Zahid has actually shot himself in the foot. Anwar has also given the Opposition an additional political fodder to capitalize on. PN has been playing the racial and religious cards prior to the recent GE and they would continue to do so, to the detriment of the nation. I hope you are right. I have no intention to spoil your feast. Enjoy yourself.
Congrats YTD retailer already net selling of rm83mil of GenB share and all taken by local and foreign institutional with price already push up more than 10%. Now all under institutional control and ready to bump up the price. let enjoy the show
It’s funny folks keep saying invest more as it goes down…all well in principle! Liquidity is not on tap! Money has alternative cost. Also there is the issue of over investing in a single stock! Concentration risk!
Let’s see what happens tomorrow? Not convinced it will breach 5.0. If it does I will add more …as I have concerns with insiders as Y/E results are known.
Ok, another holiday and Monday as well! Too many holidays…but good for Genting! Let’s see it reflect in the results…1st Quarter 2023 will definitely see big improvement from previous year. Banking on Gent Sing shining
Posted by emsvsi > 2 hours ago | Report Abuse YES ENOUGH OF INCOME COMPLAINTS REMINDS ME OF SINGAPOREANS ! --------------------------------------------------
Hello don't bad mouth Singaporeans here. Genting Singapore is the one that is bringing in most of the dough for the past 2 years. If you want to see this stock above rm10, the only hope is not from Tiong tourists but from Singapore based Taurx Pharmaceuticals.
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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....
neohts
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Posted by neohts > 2023-01-30 18:01 | Report Abuse
Penang PH sure win.