@michael sifu, tell you my story. I have bought ytl at the cost at 0.525 - 0.62. Later I sold all my position with a handsome profit. (I think so at that moment) Now as we all know, flying to the moon. Is ok my sifu, we still have chance. Never loss your confidence.👍
the investment bank put lower TP to genting bcoz they are very upset with Genting use public listing company money rescue Lim family business. they just use the fantastic accounting rule too avoid the bad performance company consolidate into genting group, in fact the investment already over 51% hold control. NO EYE SEE!!!!
Don't waste time on Bolehland cap ayam CG & mismanaged companies...Turn to the island where it's all happening & a 34-year-old record is poised to be smashed! https://stocklaser.blogspot.com/2024/01/
Hong Leong Investment Bank (HLIB) Research reckoned that Genting’s current valuation has yet to fully reflect the recovery potential of both Genting Singapore Plc (GenS) and GenM, alongside the growth prospects of Resorts World Las Vegas...
When GENTING broke out and IB were calling for breakout trades, I did the opposite silently and when it approaches 4.9x, I took the opportunity to sell a small portion of my holdings, to lower my average cost price down to RM3.63.
Chart wise, there is an opening gap that usually, prices will fall down to close, before the next direction. This is around 4.39 to 4.43. I could be interested to pick up some of what I sold around there. Let's see its price action. If it doesn't fall down this much, I may do nothing.
To me, the real breakout price level is around 5.5x .. this is because that's multi-year consolidation sideways range ... got more oomph when it breaks out. Until then, it's range trading play ... the odds favors range trading plays for the past couple years.
it all pointed back to us Neo…. if interested to buy Genting…. don’t blame others…. coz they never forced us to buy their share… buy and invest at your own risk and rewards ya
i am also frustrated… 4 years buying and holding Genting… from 7.37 until 3.00….. don’t know what’s trading play…. never has the courage and craziness to sell when some of the shares were bought at 4.00…. had the courage to sell those that I bought below 4.00
@newbie2019 Uncle Lim happily used your hard earn savings to bail out his failed investment While he got hundreds on millions sitting in the Bank and u dont
Let’s be honest …..the boss is a crook….or not a principled and decent man. The independent directors on the board have a duty ….a fiduciary duty towards the company and its shareholders….but they have been nabbed and not worth their jobs…..they rubber stamp what the boss say. As I said Bursa is responsible for protecting the shareholders and ensure the companies listed on the exchange conduct their affairs in an fair and orderly manner…..they should take action.
If Genting shareholders are bold enough(like in other advanced countries), they should band together & requisition an EGM to remove the directors. If just a few of the funds in the Top 30 Holders list of 2019 had taken action as I had requested them to do to protest the 1st empire move(which I've maintained since the beginning was a horrible proposal), we wouldn't be having this problem & no risk of continuous bleeding with future robberies!
The MSWG is also asleep @ the switch since I also tried to mobilise them to take action against the move in 2019 but they didn't bother to respond. Disband MSWG or replace them with capable people like the previous woman head instead of the current incompetents...
Inflation in US is far above the official figure. When the rate hikes can't work, Fed change their definition of their target to 'core inflation', which does not include energy n rental.
@ks5S…..very sensitive aren’t you? I guess there is no honour among thieves. Truth hurts. Very quick to blame Malaysian Green Party politics for Genting underperformance and yet the real reasons are clear to see but due to bias facts are conveniently ignored.
The share price will make a reversal after a significant correction yesterday…..I am in no doubt. The problem is that uncertainty remains as when another party related transaction will be put through …as there is no control. There was a flurry of transactions to take it above 5 and than a dump prior to announcement of investment in Empire resorts. There is effectively a dilution. Pretty sure there will be some announcement on TauRx soon. Keep a watch out.
In view of the equity injection, Kenanga Research said it is maintaining its earnings forecast for GenM.
“We keep our financial year 2023 (FY23) to FY24 earnings intact as GenM is essentially using its balance sheet to bolster an investment with an 89.6% economic interest
Next week, tenaga may call for a buy... Lai lai buy GenB
Maybank IB cuts Genting Malaysia's earnings estimates, raises target price following Empire Resorts capital injection
Maybank Investment Bank (Maybank IB) has trimmed its earnings estimates for Genting Malaysia Bhd by RM40 million per annum and raised its target price to RM3.03 a share, following its US$100 million (RM456 milion) capital injection into Empire Resorts.
Just follow Maybank's stock analysts.. they provide more reliable insights 😀
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....
hhhiii123
827 posts
Posted by hhhiii123 > 2024-01-11 17:56 | Report Abuse
The tp wtf, so fierce one?