Genting MAV 200 is 4.39, why need to cut loss at 4.40? Genting already test the gap up on 24/11/23 yesterday, it may retest the MAV200 before real rebound. Forming double bottoms at 4.39 is great.
Many people wonder when can get the approval for Taurx Alzheimer medicine. For me the most important is whether the medicine is safety and effectiveness. The result show these two pint already. Try to think about it if you are an Alzheimer patient. What will you do if you know there is a drug which can delay deterioration of your condition or even reverse it if you at at very early stage? Is it worth to hold Taurx or Genting berhad due to accessibility
Escalation in Middle East - Israel carried out strikes on Iran, explosions were heard in the cities of Tehran, Isfahan, and Shiraz, as per local media reports.
Please dont follow my reckless punting la. Bet showhand wrongly become beggar liow. Some years ago, i was waiting patiently for this stock's downtrend to fully playout. From 3.50 waited patiently to 3.00 chart point zone. It went even lower than 3.00 to scare off everyone. Thats when the brave ones should have strong courage n scoop up the shares with both hands (bring gunny sack also). Sibei soong ah...
Actually MBS Q1 result not bad leh, but LVS kena selldown 5%. Up to the whales to play the prevailing storyline n stock market. Follow the trend until it bends.
Please don’t compare Genting to MBS! Completely different set up. Group CEO Goldstein is not family member. Main shareholder at least recognises and appoints independent CEO. Company is very well run, no insider dealing, no dumping of shares in open market no third party related doggy transactions, and finally use of impairment charges to manipulate bottom line. Overpayment ent of dividends when boss needs cash flow etc etc. no matter how much business prospects grow …bottom line improves will not necessarily translate into share price growth! Just few percentage here and there and dumping starts. All controlled. One of the worst in Bursa! Only saviour for a short period will be TAuRx. At least Taurx is above board….but is a private entity. Genting is carrying the investment at book cost.
Another point worth noting and reflects how a business functions is how long it takes to report statutory results, MBS, is able to report within 3 after period end! Genting will report 8 weeks after! No urgency or desire to report as quickly as possible. Different culture and mind set.
Speak up…correct….trust deficit, due to past actions and governance issues. No action is taken to address this…most listed entities who have fiduciary duties to shareholders will take action to improve sentiment…Gentings cant be bothered. However, we are not forced to invest i guess, me only waiting for TAuRX which will happen for sure. Peak achieved in 2011 is long gone.
OnTime…..I agree don’t like sell! I invest like many others because it is undervalued. Net asset value is around 8.60 and fair value any thing between 5.40 and 8.60 and with potential of TauRX making it an attractive investment….so I invest it! I am invested elsewhere so no big deal….what really get me is the apathy amongst sum folks in this forum and blind support for Genting…I suspect this due to bias by some. I see so many things wrong the way the company is run! Poor, governance etc. there folks here when the price collapses from 5.20 to 4.50 they keep quiet when it rallies to to 4.57 they say what a recovery! The down trend is from 11. Rm established in 2011….one of the poorest mid size companies in Malaysia. We will know doubt get a rally to possibly 5 and then back down again. Share Price is based on more people buying than selling…btw.
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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....
rohank71
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Posted by rohank71 > 2024-04-19 08:36 | Report Abuse
any comments on Thailand opening up casino there and its impact on both GM and GS? Can anyone share.