Ha, Ikan bilis push up 2 sen.....

Thanks for update. PLease continue update

Great! Peak profit next 2Q.
(WilburR2
Fresh Fruit Bunches 82,084 metric tonnes
Crude Palm Oil 16,419 metric tonnes
Palm Kernel 3,390 metric tonnes
Logs 4,741 cubic metres)
(Sslee

Jayatiasa should report a good FFB production for month May.

Malaysian Palm Oil Association (MPOA) on Friday reported that CPO production from May 1-31, 2024, compared to April 1-30, 2024, has increased by 14.85% in Peninsular Malaysia, 1.3% in Sabah, 19.75% in Sarawak, and 7% in East Malaysia, resulting in an overall increase of 11.83% for Malaysia’s CPO production.)

Sorry Mistaken the date of AGM....

Today FCPO report: Malaysian palm oil futures climbed almost 1% to near MYR 3,970 per tonne, gaining for the second straight session amid strength in soyoil contracts on the Dalian exchange and the CBoT. Meanwhile, the Malaysian Palm Oil Board (MPOB) reported that shipments in May jumped to a six-month peak of 1.38 million tons, a surge of 11.66% from the prior month. At the same time, crude oil prices rose for the third day, on upbeat global demand views from OPEC+ and the US EIA. In top importer India, palm oil purchases surged 12.4% during May to a four-month high of 769,000 metric tons. Meanwhile, the country's buying for June is expected to stay robust, likely at around 750,000 tons. Limiting the bullish momentum was caution that production growth may exceed industry expectations in the coming months. In May, output surged 13.8% from April to 1.7 million tons, the biggest in six months. Simultaneously, palm oil stocks last month stood at 1.75 million metric tons, the highest since February.

Foreign fund nett buying continue.... 7/6 nett buying 187M, 10/6 nett buying 11M, 11/6 nett buying 135M........ (Looks good, Confirmed Foreign Fund reschedule portfolio: After weeks of nett selling, 1st day 4/6 nett buying 254M, 5/6 nett selling 69M, 6/6 nett buying 164M, today will be nett selling? Genting may be benefited because 2Q business should be good.)

Genting Singapore can not move up recently despite good results especially after AGM may be due to higher expected CAPEX in near future. Higher CAPEX may eat into potential higher dividend.

It seems 4.65-4.68 successfully hold the share price in short term, time to U-turn.

If Trump win the election, USD long term will be soften, as it is republican monetary policy. Genting share price may spike

Foreign fund nett buying continue.... 7/6 nett buying 187M, 10/6 nett buying 11M.......... (Looks good, Confirmed Foreign Fund reschedule portfolio: After weeks of nett selling, 1st day 4/6 nett buying 254M, 5/6 nett selling 69M, 6/6 nett buying 164M, today will be nett selling? Genting may be benefited because 2Q business should be good.)

USD/myr is gaining strength today , good for short term palm oil price and export

Generally May export is good and production higher; higher revenue and profit are expected because April-June YoY average FCPO prices are higher. (Crude palm oil production gained 13.48% from April to 1.70 million tonnes, the biggest in six months.
Palm oil exports also rose to a six-month high of 1.38 million tonnes, up 11.66% from April, the MPOB said.)

https://theedgemalaysia.com/node/714803

Stock level released
https://bepi.mpob.gov.my/index.php/stock/313-stocks-2024/1173-monthly-closing-stock-of-oil-palm-products-2024

Further Q424 and Q125 traditionally are peak revenue period. Q4 is also peak dividend period.

TP depands on USD, vegetable oils and crude oil price and stock level , personal opinion is temporary TP around 1.50. If Fed doesn't cut rate or delay it, as Europe start cutting rate, USD may be strengthen, crude oil rebound and MYR weaken. Thus, FCPO traded in MYR can be maintained at 3800-4200 for longer period and TP will be 1.80.
(FCPO currently 3960, awaiting May CPO stock level to be released today. Yesterday FCPO review: Malaysian palm oil futures jumped around 1% to near MYR 4,000 per tonne, extending gains from the prior day and heading for the second straight weekly rise, up around 1.8% so far, due to strength in rival oils on the Dalian Exchange. Also, crude oil prices kept their upward momentum amid the readiness of major producers to pause or reverse output deals between them. In top importer India, palm oil purchases jumped 12.4% mom in May to a 4-month high of 769,000 metric tons. Meanwhile, the country's imports of the commodity for June are expected to stay robust, likely around 750,000 tons. Turning to China, palm oil inventory in the country was low, just enough for 1.5 months without imports, and Chinese customers have ordered cargoes for delivery from this month to September. Caution ahead of monthly export and production limited the upturn as Malaysia will release those figures next week. Reuters projected palm oil inventories by end of May were almost flat at 1.75 million metric tons.)

买定离手， unless visit again at double bottom, drastic recovery of profit starts now...........

Looks good, Confirmed Foreign Fund reschedule portfolio: After weeks of nett selling, 1st day 4/6 nett buying 254M, 5/6 nett selling 69M, 6/6 nett buying 164M, today will be nett selling? Genting may be benefited because 2Q business should be good.

Hi, choysun, checked Genting no real shorties. I think no one dare to short LKT huge holding without agreement at lower price band, only LKT or foreign fund can short it down.
https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20240605.pdf

Ha, I thing the AI can detect activities at I3 Genting chat room , when retailer sell, Institution can accumulate enough chips, price only can rebound. Micheal, we should shout selling from now on.......

Ha, who knows it want to kiss 4.65 before rebound? Could it be AI assisted chart drawing?

Selling pressure seems ease below 4.80, which is a good sign. After foreign fund become nett seller more than 1 week in Bursa last week to restructure thier portfolio , yesterday is 1st day Foreign fund become nett buyer, let's monitor if the momentum continue.

Actual strong support is 4.65-4.68 where Genting make a gap up after Genting Singapore released favorable results. this price range is currently supported by MAV20 and MAV50 if not mistaken. 4.75 is currently mav100, already support ed twice recently
( Posted by BryanW > 54 minutes ago | Report Abuse
RM 4.75 is a good support place, long term ftw.)

Now it is clear that how institutions lure retailer to sell and surrender their chips, is to create a panic selling so that big boys can collect cheap. After enough collecting, Genting price only can appreciate. CGS upgrade from 6.95 to 7.20 finally.
(3 days ago | Report Abuse
Ha, Genting chips mostly in retailers, when the chips changing hand enough to institutions or foreign funds, share price only can move upwards. HLB upgrade target price from 7.12 to 7.60. Maybank upgrade from 5.73 to 5.84. TA upgrade from 5.54 to 5.77 but share price resist to swing upwards, need to wait AGM or another QR.)

If look at today volume, it seems that foreign fund is selling heavily. 1600 seems broken, 1550 should be able to support the market.

Ha, Genting chips mostly in retailers, when the chips changing hand enough to institutions or foreign funds, share price only can move upwards. HLB upgrade target price from 7.12 to 7.60. Maybank upgrade from 5.73 to 5.84. TA upgrade from 5.54 to 5.77 but share price resist to swing upwards, need to wait AGM or another QR.

FCPO rebound today to support share price......Buy buy buy

Agreed with you but not sure if can closed above 5, above 4.90 is good enough. slow slow up is better than gap up.
(Johnchew123
IB report need send to institution fund , foreign fund oversea now night time , sleeping , afternoon only report go through by foreign fund , wait 2 .30 pm afternoon , see foreign fund step in , if step in , will close above RM 5)

Selling on news is happening. It seems 1 better than average QR only not enough to provide confident.

Disappointed QR, Revenue increase but profit drop. Any impairment?

😅To add back next Q, Hide the profit for next super Q?

Wah, you are so optimistic. "Meanwhile, its 49%-owned Genting Malaysia Bhd (KL:GENM) is cautious about its near-term prospects for leisure and hospitality but........."

Disappointed QR however share price already discounted poor QR.
From April 24, better QR4 is expected.
Hi, Patient Invester, can you help to check if Cash-borrowing still increase further than last Q?

[Free Cash Flow
Mar '23 Qtr : 3.3 million
Mar '24 Qtr : 35 million (10x)]

Q2 Genting profit may be contributed by Genting Singapore with full 3 month Visa Free comparing 2 month in Q1, with slightly improved production in GENP, slight better sales from GENM, 600M profit is not a dream.

Don't worry, GENM is predicted to drop a few sen, may rebound later, basically it is considered a dividend stock in future. Genting is different, when profit increasing, will be viewed as potential growth stock like ytlpower. Welcome ytlpower pofit taking fund entering Genting

Slight better than my expectation 550m, short term target increased to 5.40. Everyone sleep well tonight

A trick, a trick, a real, a trick, going forward a real, a real, a trick?.....

Ha, I bet net profit above 550M, which translate into >14.3 sen/share, if achieve may bring short term share price to hit 5.30-5.60

Genting is not affected by call warrant today, time to rebound..........

As expected, GENP contributed less QoQ (about 2/3 QoQ), although profit up YoY (up 10%) due to low production season. My Short term target increase from 5.20 to 5.30.

Jtiasa just shows bottoming pattern. It was rebounding from divergence of RSI and price yesterday

Why run? It may be just a normal phenomenon when call warrant in money expired. It is time to buy more as IB may try to push down the closing price.
(Therefore, GENTING QR results will be released on 30th May instead of 23th MAY to avoid fluctuation in share price as above warrant stop trading on 30th May. Conclusion: 29th closing price will be last chance to buy cheap)

Just a reference, volume profile technical analysis update on Genting today closing:
https://www.youtube.com/watch?v=Dk3dmeOoUD0

Let see if share price today closing up and tomorrow closing down due to call warrant or GENP

GENTINGC2P: CW GENTING BERHAD (MIBB): Expiry/Maturity of the securities
Instrument Category : Structured Warrants
Instrument Type : CALL WARRANTS
Exercise/ Strike/ Conversion Price : MYR 4.0000
Exercise/ Conversion Ratio : 8:1
Settlement Type/ Convertible into : Cash
Last Date & Time for Trading : 29/05/2024 05:00 PM
Date & Time of Suspension : 30/05/2024 09:00 AM
Last Date & Time for Transfer into Depositor's CDS a/c : 31/05/2024 04:00 PM
Date & Time of Expiry : 31/05/2024 09:00 AM
Date & Time of Delisting : 04/06/2024 09:00 AM
Therefore, GENTING QR results will be released on 30th May instead of 23th MAY to avoid fluctuation in share price as above warrant stop trading on 30th May. Conclusion: 29th closing price will be last chance to buy cheap

Checked. Genting has a call warrant (GENTINGC2P: CW GENTING BERHAD (MIBB)) by Maybank expired on May 31. Any effect on share price on 31 May?

More and more influencers talking about GentingB and GENM recently.
GENM volume profile analysis: https://www.youtube.com/watch?v=PkSIxKuBuRc&t=8s

Above influencer claimed he had just bought in GentingB. 2025 should be year of Genting if US market doesn't crash.
https://www.youtube.com/watch?v=fvqMRUrwwYc

Wah! You able to move Genting share price up 2 sen, must be financially very powerful!
Hopefully funds profit taking from YTL power today quickly move in Genting.........

QR may be released today. closing price surge may tell us something........

International tourism report by UN.
https://www.unwto.org/news/international-tourism-reached-97-of-pre-pandemic-levels-in-the-first-quarter-of-2024#:~:text=International%20tourist%20arrivals%20reached%2097,the%20first%20quarter%20of%202024.

International tourism is experiencing a rapid recovery in Asia and the Pacific where arrivals reached 82% of pre-pandemic levels in Q1 2024, after recovering 65% in the year 2023.
Asia still a laggard than international, therefore potential recovery is huge.