simply look at FS will know that the earning come from casino. it is not secret anyway.
see, ask urself simple question, did u expect genm to make profit in Q1 2022 bcz of economy open due to omicron less severe, CNY every1 went up to genting, all the road jam up and down the hill, how crowed it was, how long queeu it was for makan makan, theme park and so on. especially the effect was boosted by our lovely social media. all ppl jz THINK genting sure making big profit, bcz Q4 2021 it ady making profit. compare Q1 2022 against Q4 2021, every1 will said Q1 2022 better than Q4 2022 for genting. i am sure no 1 against it, right?
But in the end, Q1 2022 result came out it still a loss. so lesson learned, do not trust something easily, do more research. Investing is about being fair and not being bias to something, u trust on something and hence u buy the stock. but did u put ur most effort to VERIFY on this thing.
There is no such thing profits determine the share price. It's about demand and supply and most importantly long term perception and growth. If profits and numbers are the only factor deciding the share price and good return, there won't be silly victims trapped in gloves and pharmaceutical stocks investment by now. Split into three stages investment if you like this strong recovery stock. 2.70 should be the final accumulation, below that forget about it, historical indicated it went below that level during the Covid-19. Historical also shown above 3.40 - 3.70. No way this stock can generate double investment. 20% capital return is the investment objective. Bad time it shows strength and when good moment comes, it should be harvesting time. Ought to remember as long as one research house write some positive target price, fund managers must do something to fulfill their KPI. This period of time is full of uncertainty, the direction is not clear yet, thus you won't go wrong to put some of your investment here.
Don't chase high and above 3. Invest partial when there is uncertainty and within the 2.70-2.98 range. Elsewhere correction closed to 10-30% if you happened to enter before the global market easing. Grab and wait for the biggest country opening up their tourism. 20% is the ultimate target.
sharemarket21 Don't chase high and above 3. Invest partial when there is uncertainty and within the 2.70-2.98 range. Elsewhere correction closed to 10-30% if you happened to enter before the global market easing. Grab and wait for the biggest country opening up their tourism. 20% is the ultimate target. 4 days ago
Yes buy some if you think it's cheap or even want cheaper lower than the range. Market is bearish and hit with corrections too. Nothing much to see unless volume and Bursa value start surging again. Or foreign funds picking up some when elsewhere is already not much discount. Target remains 20% when the opportunity arise or tourism back to full capacity..
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....