Posted by Balian de Ibelin > 19 hours ago | Report Abuse

no lah

the Hang Seng Index is in a once a lifetime 100 years mad frenzy of hyper jump

Posted by Balian de Ibelin > 19 hours ago | Report Abuse

Most broker servers in HK just broke down or froze due to huge swamps of stocks buyers making massive purchases

Posted by prudentinvestor > 18 hours ago | Report Abuse

Just 1 trillion RMB (less than 1% of China's gdp) is doing wonders in the Shanghai, Shenzen and Hong Kong stock exchanges.

Posted by Balian de Ibelin > 18 hours ago | Report Abuse

The Hong Kong equivalent to Genting will be a jump up to around 5.20.

The Hang Seng jumped non-stop for 6 days cumulatively increased by 23%
In money value of USD3 Trillion since day one.

Posted by Balian de Ibelin > 18 hours ago | Report Abuse

How will Hong Kongers spend USD3 Trillion?
Bookings for Rolls and Benz is the usual manner

Posted by neohts > 17 hours ago | Report Abuse

Count down to December 2024 TauRX approver date.

Posted by prudentinvestor > 17 hours ago | Report Abuse

"The Hang Seng jumped non-stop for 6 days cumulatively increased by 23%
In money value of USD3 Trillion since day one."
Not so much lah friend. The Hong Kong Stock Exchange had a market cap of only US$4.06 trillion in August 2024. A 23% jump won't result in its market cap balloon by US$3 trillion.

Posted by neohts > 16 hours ago | Report Abuse

We can't stop the WAR, we can't prevent market crash. Not within our control. But we can looking forward to year end TauRX approver. Accumulate more and stop selling.

Posted by newbie2019 > 16 hours ago | Report Abuse

lai lai 4 then 4.5 then either 3.5-4.0 or 4.5-5.0? lai lai bet bet

Posted by MoneyMakers > 15 hours ago | Report Abuse

Dont jealous see China rally

Their index drop 50% past 3yrs - means small/mid stock alrdy collapse 80%/90%

Posted by Balian de Ibelin > 6 hours ago | Report Abuse

Yes most China stocks dropped 90% plus Houses incomplete, many committed suicide or went back hometown live off others while waiting for vegetables and day old chicks to grow up.

Posted by Balian de Ibelin > 6 hours ago | Report Abuse

BTW the USD3 Trillion was a combined HK, Shanghai and Shenzhen.
Hang Seng alone is USD770 Billion.
So sorry for the confusion 😁

Posted by Balian de Ibelin > 5 hours ago | Report Abuse

Technical rebound to 4.90 is in progress.

I urge all Short Sellers aka Shirt Sellers to short Genting to 3.50😁👍🤜

Posted by ngwt > 4 hours ago | Report Abuse

Genting Berhad Foreign Assets
(Forex loss at coming QR – 30/09/2024)

As at 30/06/2024 (QR result page 11)
Singapore : 18,815.3m (Exchange ratio of 1:3.4781)
UK : 4,082.2m (Exchange ratio of 1:5.9633)
US & Property : 27,326.8m (Exchange ratio of 1:4.7195)
Oil Palm/Power/O&G: 16,009.7m (Exchange ratio of 100:0.0288; 100:64.9563; 1:1)

Total: 66,234m

As at 30/09/2024 (Estimated)
Singapore : 17,527.25m (Exchange ratio of 1:3.24)
UK : 3,799.28m (Exchange ratio of 1:5.55)
US & Property : 24,203m (Exchange ratio of 1:4.18)
Oil Palm/Power/O&G: 15,689.51m **

Total : 61,219.04m

Estimated loss due to Strong MYR : rm 5,014.96m (P&L paper loss); EPS Incurred : - RM1.29 ; NTA Left: 7.65

** Oil Palm/Power/O&G, due to some mix with IDR/RMB/MYR. I simply deduct 2%


Scary Forex Loss by Genting Berhad. If exchange rate calculate slight lower, it will paper loss further. Hopefully core business nett profit will increase a lot to cover the forex loss.

Quarterly results likely to be out by 29/11 before Traux at December. Please hold tight for the biggest paper loss in the last 10 year for Genting Berhad ya.

Posted by Balian de Ibelin > 4 hours ago | Report Abuse

looks like 4.00 on Friday 😁👍🤜

Posted by Sslee > 4 hours ago | Report Abuse

Agreed with Balian when result out by 29/11 it will be to late to run when shit hits the fan.

BOH CHOW CCCCCCCCC AAAAAAAAAAAAAAAAAA !!
💩💩

Posted by KooSan > 3 hours ago | Report Abuse

Looks like even sslee wants to collect cheap cheap....

Posted by Balian de Ibelin > 2 hours ago | Report Abuse

Yeah
maybe close 4.10 today?

Posted by AngTayKor > 24 minutes ago | Report Abuse

Share price is now caught between rocks and hard place.

Multiple tens of millions shares were bought cheap at 4.11 and 4.12 from 11/9 to 27/9 (including trader here). The rally has stalled, price reversed back down together with KLCI. These group of low priced buyers may choose to cut-win with minor profits. Any rally higher will be a good bonus.

Likewise, multiple tens of millions shares were also bought at 4.30 zone during 5/8 to 3/9, after 6 sen exdiv price will be 4.24 zone. These group of buyers were trapped at higher price with some waiting for better price to cut loss. Any rally will attract some from these group to cut loss.

Tough spot now. Savvy traders will lighten trading positions, safety always comes first. Anything can happen in the stock market.


.

Posted by DonCandleone > 22 minutes ago | Report Abuse

Thanks for the advice ATK.

I actually bought at 4.12 during those few days price was still lower, then had hopes that the rally would continue, but it has been cut short sadly. Perhaps it is time for me to exit my remaining shares as well...

Posted by AngTayKor > 2 minutes ago | Report Abuse

Not an induce to buy or sell. Just the way I look at the current situation. Your own money you decide.

My top priority has always been safety first (capital preservation). Lose small money via cutloss Im still ok with it but I hate to lose bigger sum of money.