Posted by ironrobe3388 > 42 minutes ago | Report Abuse
foreign index funds already knew GENM will be removed from KLCI months ago .did foreign index funds dump GENM ? No. just ignore the useless clowns. _____________ Foreign funds will starts only dump when 20th Jan 2025 !
@kaitan once they out as index stock, many fund manager may change their invest strategy as most of them (i didnt say all) can only invest into index stock not any stock. So there could be selling pressure and that is part of reason why the share is on down trend.
Your screaming is very unreasonable because the lowest returns by industry is in hospitality business.
Thats why certain mainline businesses like Hong Leong Group never did any hospitality business until they had tonnes of money to throw away for "fun purposes".
Investors in Hospitality and Airlines do it for fun. These 2 businesses can never compete with others like tech etc etc No point screaming.
If you are here. I must assume that you are also throwing away your money for "fun purposes."
If you are a Genuine Investor => Go Away. Look elsewhere. If money is important to you, you came to the wrong place to make money.
Replacing the two Genting stocks in the index could be Gamuda Bhd (KL:GAMUDA), ranked 17th, and 99 Speed Mart Retail Holdings Bhd (KL:99SMART), ranked 26th, in market capitalisation on Wednesday.
Old casino there few shop to do shopping, so force all gambler go new casino and then wife can shopping there, wife no kacau, then husband can play longer time
NatsukoMishima
Why the other 2 casino stil closed ? Anybody can answer this simple question ?
KUALA LUMPUR (Dec 5): Genting Bhd (KL:GENTING) and Genting Malaysia Bhd (KL:GENM) are likely to be removed from the 30-stock FTSE Bursa Malaysia (FBM) KLCI in the latest review of the benchmark index that will be announced on Thursday, according to sources.
fundamentally doesn't change anything. In fact lower market cap with high earnings looks like a value buy. Div yield certainly great. KLCI with high market cap another investor could say they are overbought. But of course certain fund managers follow certain rules.
kaitan, share price stuck here due to the net FX unrealized loss for this year QR report. The FX loss took over this years profit so on face value its not good. Genting 2024 is better than 2023 just the unrealized FX loss eat up all the gains, the moment this FX is settle Genting will be good.
Genting being on KLCI reserve list on the other hand is just to scare retail. If u open KLCI chart u will see KLCI is actually useless its a index that has only loss money in these 10 years.
Funny I was having lunch at taman desa coffeshop. Uncle next table overheard him say he made 1 million from bursary, sold a bungalow Made 2 million. 3 million cash on hand now..
Not suprising, alot of older generation has been going into cash. Global real economy has been slowing, those old people are normally business owner and can tell when we are heading into a recession.
Large fund are killing the retail shorts, everyone even their grandpa sold or shorted genting yesterday then today they gap up the price straight away to lock them out.
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....
Balian de Ibelin
14,863 posts
Posted by Balian de Ibelin > 1 month ago | Report Abuse
YNH from 5.00+ shorted to 0.70
you ain't seen nothing yet