Minggu depan bawah 2.70 ... lambat turun sebab banyak ikan bilis teus makan taburan jerung. Bila ikan bilis habis modal, genm akan terus cecah 2.70 dan kebawah
Minggu depan atas 3.00 ... lambat turun sebab banyak jerung teus makan taburan ikan bilis. Bila ikan bilis habis stok, genm akan terus cecah 3.00 dan keatas
All May quarters over the past years are in the red. YoY this time shows great improvement. Gains will reflect in next quarters. If you visit Genting, you will see that not all go there to gamble - the theme parks are full, hotels are full as well. And try getting a restaurant seat around dinner time and you will gauge how big the crowd has returned over the past five weeks. So, say what you want, all May quarters drops are normal.
Dont chase when it is high but this range is a must for some positions. One of the good bargain among the recovery stocks. What have changed the economy and travelling easing expedition ? The signs are very clear that Covid-19 is a past and it's a matter of time, tourism will be back to norm and with a vengeance. Actual price wouldn't reflect by then. Once the Bursa value and local funds back on track, 20 % return should not be that hard. This is not just gambling but resort and vacation as well. Simple and lay man investment. It's long overdue and have been resilient during the the poor financial results. What if it turned green one day ?
Fed is raising rate and most important reduce their bond purchases starting in June by 45b. All fund is going back to US now especially if ringgit weaken further. DYDD.
after qr out the weak holders mostly already sold out. now all expecting GenM will make a big comeback in Q2 so they won't simply sell. another big news is the New York casino license, it will push up the price once GenM confirmed got it
@kaitan trend is negative. This will touch 2.80 before it goes up again.
What trend are you using? Buy signal started this morning 10am. If it breaks 2.98 this evening, uptrend resumes. Market has digested the earnings past three days. Now ready to move up
AGM this Thursday. Share price will be well supported & sustained at current range (2.90 ~ 3.00). If already washed out, put your money back into Fixed Deposit. No need to disturb other shareholders who are still holding.
Congrats guys, as spotted earlier. Tomorrow will be the true test of its resilience. Results in May should not be the yardstick if you look at past history. Look at Genting's two prong approach: the casino (which operates 24 hours) and the theme park, right into the night. At current price, it is a no-brainer as borders continue to open. Fundamentally, it is ready to reach greater heights - even RM3.30 in coming weeks. But let's see
It wont goes wrong at this level. The expectation of some investors about the recent QR and started to liquidate positions. Pick up some if you do not have any positions yet or average few stages. By the time the feel good sentiment set in and China opening up the tourism industry, the perception will be different. Aim for 20% return.
at this juncture buy GenM won't go wrong, it gives high divvy even during its bad days. The good days will return soon and it will give more divvy with the good capital gain
Finally today all genting shares were dumped, GB and GMB, not a single ticket left. Has been the ardent supporter since uncle lim's days. But the time is up, the good old days were gone, and it is all because of the prodigal son, World Resort or Genting, will never be the same again. Ever since the company was controlled by the prodigal son, the performance of the Genting group companies were worse off quarters after quarters, years after years. If the happenings of covid wasn't bad enough, there would always be squandering of funds somewhere along the line. Losses of the RM1.8billlion Whampanoag investment, at least RM500 million Empire Resorts, still to no end, and the default payment of infamous genting HK luxury cruise liners, just to name a few, shocking ! absolutely shocking ! And when someone never worked his way up like most people did, this is probably the result of it. Despite palm oil price is historically the highest in the first quarter, they only managed to make meagre sum of profit by having lame excuses left right and centre. Even GentingM revenue was up almost triple yoy, still they managed to come up with a whopping 142 million losses ! Unbelievable ! And the excuse was, expenditure was up due to more staffs are employed, well you have to manage the cost and keep it under control ! That's why the CEO is the best paid CEO in the country ! But fail he did, costs were out of control and yet again, RM142 million losses were incurred. Not to forget, MCO was lifted since last October and Skyworld was up and running since 1st February. Frankly, this is definitely NOT GOOD enough. Imagine if another round of movement control is imposed, it would certainly spell huge trouble for this management. Someone did say it precisely, previously, that one should not have sentimental value on any stocks. Have been placing too much trust and faith on this company but the performance of this CEO is far too disappointing, and the huge salary being fetched, is totally unacceptable. A good CEO, is someone who can turn a coal mine into a gold mine, but a terrible CEO would turn a gold mine into a hazardous bauxite mine. And buying a banking stock would have given you as good the return if not better.
Can't really judge a company real performance during one of the worst crisis. Many of us have no idea how bad it hit the tourism and sectors related to Covid-19 disastrous until you are really into it. It's better than expecting higher return and highly speculated forecast sectors which ended up miserably like gloves, steel and a few others. Banking industry have started showing some weaknesses ahead of strong Covid-19 recovery. The bell curve graph is telling us something about more challenges and uphill battle for the banking stocks after a solid growth in the most uncertain time for more than 2 years. Life is normalising. Genm is a safe haven bet here. 20% return will be smooth below 3 and the range. 20% of your total investment is a must for the steady return if you think there is logic and common sense in one of the recovery stock. Once China opening up the gate, you should know where is the new revenues coming from. Regardless what is your objective. Log your 20% return when it's due. Don't look back.
what happened to GENB and GENM? the shot up in share price since yesterday late afternoon cannot be done by retail buyer....it must be from big fund? Any insider favourable news ?
Or boss buying back?
Any one can shed Good news?
Disclaimer: Own opinion, not a buy or sell call...
GENB has been at very low share price, lower than it should be, is it possible boss buying back...big fund started to come in, in anticipating for big big posistive news?
US full gambling license gonna announced soon? could it be big fund heard anything on this US full license? Disclaimer: Own opinion, not a buy or sell call...
don't jump into conclusion too fast on Genting Empire Resort, there is always hiccups on the new venture. And the good sign now is Empire Resort is also turn into profit now, you never know Empire Resort might become a bigger cash cow in future. By then you will talk differently to the boss to say he is superb genius to invest into Empire Resort.
@munah Not sure what contributory factors - possibly a good dividend now that the windfall tax has been settled? Who knows. Buying momentum is strong - Might even close at 3.11 as a surprise
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....
M2
1,240 posts
Posted by M2 > 2022-05-27 11:12 | Report Abuse
SMALL RETAILERS IN DENIAL MODE.... BIG FUNDS KNOW AND WILL SELL SLOWLY BATCH BY BATCH TO THESE BIG GROUPS OF DENIAL SMALL FISHES TO COLLECT.....
Sea Monkey. lol