Currently the missing ingredient for this cake to rise is volume and daily increasing volume. There was a glimmer of hope that may eventuate early on Thursday but it couldn't follow up on Friday. Actually, yesterday's (Friday) volume was the lowest for quite a long time (23rd February).
Like most of the market, there is quite a lot of indecision, hence lower volumes across various sectors and GenM is not alone. Patience is the keyword, imo.
Guys, don't expect Genting or Genm to go up in medium term! Big investors will look for few good quarters before moving in! So probably only by 3rd or 4th quarter if all show good result will we see some action! Yeah, i know! This bluest chip is not it used to be!
I like to note here that since the border already open up, singaporeans would spend like no tomorrow in Genting Highlands! So let's see how much would that help Genting revenue in coming quarter! And quarters! Chinese China not spendy like singaporeans i guess! So chinese China is not a biggy!
(April 13): Genting Malaysia Bhd and MGM Resorts are seen as strong favorites to win full casino licenses in New York after Governor Kathy Hochul reached a budget deal with senate leaders over the weekend to fast-track casino legislation.
genting is for mid to long term like banks, their earning will slowly recover as well as the share price. when the qr grow q-on-q and the divvy goes higher and higher, all the supporters will return and buy
For senior citizens, better take domestic holiday! Why, because if you happen to get Covid overseas, imagine the medical bill! So no overseas vacation until Covid becomes really endemic globally!
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....
Michael_chan2022
3,349 posts
Posted by Michael_chan2022 > 2022-04-09 11:46 | Report Abuse
Expect my U96.. SGX stock to break 3.0000 shortly. On a super bullish trend...going towards 3.2000
Will GenM follow..? GenM boleh! 加油..加油