Crowd is nowhere to be seen despite it being the ‘Golden Week’ in China
GEORGE TOWN: Chinese tourists are conspicuously missing here in Penang this time even though it is the “Golden Week” back in China now.Angel Tours Sdn Bhd Director Peter Leong said the number of tourists from China visiting Malaysia has dropped lately
Chinese tourists are conspicuously missing here in Penang this time even though it is the “Golden Week” back in China now. Fried kwayteow and laksa proved to be not an attraction any more
You need to have 70,000 shares to buy 1,000 additional Genting shares, you only need to have 30,000 Maybank shares to buy another 1,000 Maybank shares.
HONG KONG (AFP): Asian markets fell on Tuesday (Oct 3) on concerns over interest rates following hawkish comments by a senior Federal Reserve official indicating the central bank was likely to keep them higher for longer.
A look back through the annals of financial history suggests investors should be wary of October. The Bank Panic of 1907, the Wall Street Crash of 1929, and Black Monday 1987 all occurred in the tenth month of the year. These are among the worst stock market crashes the world has ever seen. 7 hours ago
Looking at the chart . Doesn't look good. Trending downwards. KLCI support at 1400 may be tested. Budget hopefully may have potential of nudging up certain index linked counters. Prepared for a rough landings whether Jerome Powell says otherwise. His thinking's and policies all outdated. US may be hard hit hard by his high interest rates regime , with high oil prices inflation is a sore thumb, unemployment may be on the uptrend, Both Biden and Trump doesn't jell with any sound economic policies. Not forgetting US debt is at its historical level. Trade war with China & Russia . Funding of Ukraine war chest put any recovery plans on the sidewall
Traditionally Malaysia budget doesn't look good for gambling or alcoholic sectors. Expect Anwar to push for more taxation. Genting and other 4D counters may be on his list
What U turn. In your dreams. Genting is big boy counter, if continuous sell like this means, something going to happen. Why buy now, wait for budget then only buy/sell for bilis. Baby sharks are unloading and we don't know their buying price.
Just to share. The local casino duties have been raised to 35% from 25%{ based on gaming revenue} and gaming machine duties and taxes increased to 30% from 20%{ on gross collections } The possibility of another tax hike is very real. All this add on more operating pressure on Genting
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....
MoneyMakers
7,732 posts
Posted by MoneyMakers > 2023-09-29 17:06 | Report Abuse
Ding3 new low unlocked - as usual start week strong (shark trap) end week laosai
Gonna get worse see useless PH madani (FF nonstop run)
Nxt major risk - budget2024 gaming tax/gst/cgt