May be this is Genting final Wash before GENP and GENM better results release. Genting Singapore reserve the profit in accounting for May rally

Fortunately early morning still have foreign fund support the share price at 4.90 awaiting GENP and GENM results.
https://www.smartkarma.com/home/newswire/earnings-alerts/breaking-down-genting-singapore-gens-earnings-final-dividend-per-share-misses-estimates/
Genting Singapore‘s final dividend per share is S$0.02, which is lower than the estimated S$0.04.
The net income reported by the company is S$611.6 million, falling short of the estimated S$692.6 million.
Revenue for Genting Singapore is S$2.42 billion, slightly higher than the estimated S$2.41 billion.

GenS results Q42023 is lower than expected. As predicted, to me Q12024 only the explosive result will be released.

seems towards 0.86

Support 4.90. Unfortunately Genting like to play gap up

Be careful. HSR by private sector may be not feasible.
https://www.sinchew.com.my/?p=5405022

Be careful. HSR by private sector may be not feasible.
https://www.sinchew.com.my/?p=5405022

Genting results 4Q 2023 is expected slightly better or equivalent than 3Q. Personal view explosive results is only expected in 1Q 2024...........

Foreign funds are buying, local institutional funds are selling, strategically. Therefore, when hot money leaving, we have fund to support the market to prevent crashing.
(If tomorrow gap up, some would be saying, aiya, why did I sell... :p)

GenS may be release results on 22 Feb, this week.
https://www.investing.com/equities/genting-international-earnings
(If next week GenS or GenP result is very good, Share price sure go up.
Exchange rate convert to Ringgit profit even more for GenB.)

Genting Singapore price surging on day 3 may indicate new uptrend started. We may say bye bye Genting below 4.90 today in near term....

All the laggards like Consumer , plantation , technology and energy sectors start moving, let's enjoy 1 weeks of last leg before profit taking!

Next resistance may be 5.11, 5.25.
https://www.sinchew.com.my/?p=5401523
大马在这个春节成为中国人民出游的五大国家之一，新年期间就有5000个中国团到访、超过10万名中国游客到马旅游，估计带来10到15亿令吉的经济效益。

2024: 2 sectors to be reviewed upwards, will be shine end of 2024.
https://www.thestar.com.my/business/business-news/2024/02/16/malaysia-registers-economic-growth-of-3-in-4q23

Moving forward, Bank Negara said growth in 2024 will be driven by resilient domestic expenditure and improvement in external demand.
It said the tech upcycle combined with stronger external demand and continued improvement in the tourism sector will provide support to Malaysia's exports.

Finished washing weak holders below 4.90? Watch Genting singapore if can maintain breakout from 1.03 day 3 on Monday.
https://www.youtube.com/watch?v=cxF02aSYxhs

Let see Genting Singapore can close above 1.03 and maintain for 3 days. if do, a decisive breakout is possible.

Queue buy more @4.80

The Consumer index covering weakest sector in Bursa has broken out from 564 last week and the break out has been confirmed today. As it is new break out, future index is expected to extend the most (alongside with plantation index, energy index, industrial index which are laggards) compare with other indexes in near term. Genting today is considered 1st day above 4.90 if close above 4.90, will monitor if can stay 3 day convincingly above 4.90, purely from technical point of view. We should monitor US treasury yield curve if any huge pulling back from US market especially after Nasdaq index breaking new high.

It was sold down in previous 2 attempts above 4.90 ...Let see this time if can stay at least 3 days above 4.90.....

ya, buying opportunity on pull back

If today price action not close at 4.90, the resistance hasn't been taken out.......

Laggard股价目前不会有惊喜😉， it need to prove itself in coming & next quarter results released

Riaz, thanks for your critical explanation. As Genting and the Consumer index it belongs to clearly are not leader but laggard before CNY, there are signs fund may rotated to Consumer index stocks after CNY to complete the target of 1530 and 1550, hope I am right.....

Pulled back add a bit at 4.90. It takes Genting almost 2 months to stir the weak holders, collecting and distributing shares below 4.90 as too many shares of this holding company. Finally it is done, ready for post CNY for KLCI 1530.

Technically Genting break out from 4.90 resistance and need to stay at least 3 daya above 4.90 to confirm the break out. Consumer index seems having a breakout above 564. The trends should be able to maintain as long as US market doesn't crash as SnP is very near to 5000

4.90 is a ceiling of Genting downtrend channel since Nov 2019! If you draw a line from peaks of Genting share prices since Nov 2019, you will reach today 4.90. Breaking out from 4.90 and no return means a lot for Genting share price after that. As Genting already tried twice but failed to break out from 4.90 this quarter, it is highly possible that having 3rd time successful break out especially after CNY before results released. Best is
inching up slowly to break this stubborn 4.90 resistance. Therefore any pull back these few days is a good accumulation period with the conditions that US market and USD/MYR still stable.

Foreign funds distributing Hongbao......finally

CNY profit taking start to kick in, opportunity to buy cheap before CNY may be available.........

Agreed. Same like last year, opportunity to buy cheap just before CNY, share rebound to 5.11 after CNY before results released. Today profit taking before CNY start to kick in.
(share price should be bullish after cny before result is out)

Checked Genting singapore still struggling to break out from 1.03, today is 2nd day attempt. Tomorrow 3rd day is crucial

Genting belongs to Consumer Index, it has a strong resistance at 564+, Genting has a strong resistance at 4.90-5.00, every times genting was sold when reaching both resistance. Wait for a good news which can precipitating a successful breakout of both resistances

Genting Singapore challenge 1.02 resistance again the third times, let see if it can breakout today, usually things doesn't happen 3 times.

Thanks to your confidence after fundamental research, not from technical viewpoint

Today is 11th day of correction. Most uptrend share corrected mostly 10days, may be hng33 saw the oppotunity technically?

Genting decided to give a small Ang Pao after so many people plead for it.😀

To look at Genting, this time may be need to look at Genting Singapore Q4 results, 21-22 February.
https://www.marketscreener.com/quote/stock/GENTING-SINGAPORE-LIMITED-44377566/calendar/
With 3.53 Sing dollar to myr, any dividend to mother will be magnified.
(Still got 23 more days to reach 15 February 2024. Very likely the final quarter results will be reported on 25 February 2024. I think there will be pre- result buying and after the results is announced, there will be sell on news.)

After washing away weak shareholding aggressively, investors purchased below 4.60 start seeing profit towards long term resistance @4.90. Clearly it is not a leader in this small bull run, the leader is YTL power and Gamuda. It is slowly but surely appreciate as long as US markets are not crash after CNY, it should be leader half a year before Visit Malaysia Year 2026.

Ha, Foreign fund nett sell 190Million, local fund try to support above 1480 but no so successful yesterday,

Papar bet: Yesterday dragonfly doji, RSI above 50%-A dragonfly doji after a price decline warns the price may rise. If the next candle rises that provides confirmation.
https://www.investopedia.com/terms/d/dragonfly-doji.asp
(Morning folks. What will it be today? Red or Green? Place your bets :)

Technically last bullish support at 4.50-4.55

KLCI taday can't hold at 1500, risk being double tops if drop below neckline 1480, hopefully it is a range bound between 1480-1500........

Genting rebound to challenge resistance 4.90 again after doji formed last Friday

Don't worry Chloe, Genting is a holding company, when subsidiaries valuation improves due to improved dividend to mother company, then one day in future mother valuation should improve as well. Just to let you know subsidiary Genting plantation share price up today. Short term fluctuation and healthy correction is normal

Ha, my prediction is totally wrong, it is a inverted hammer today and further consolidation needed. However, bullish flag pattern is confirmed as long as share price above 4.75 (As expected, today is a hammer! Long term downtrend channel ceiling since 2019 at 4.90 probably to be taken away today if can stay at least 3 days above it.)

As expected, today is a hammer! Long term downtrend channel ceiling since 2019 at 4.90 probably to be taken away today if can stay at least 3 days above it.

Technically Genting's bearish shooting star can be neutralized by a same magnitude or bigger hammer today and 2nd day price movement confirmation. Let's pray it happen😊 ((Bearish) Shooting star means the initial rise is back to the initial price meaning a rally has stopped.)

@Chloe Tai: 2023 incident is not happening now. Since 4.90 is taken out, technically it should test it's effectiveness as a support that provide a chance for late comer to buy

Anyone want to buy Genting cheap at 4.88 may be have a chance today.........Washing cycle came as 1500 is supported well

Since there is no fresh news, let's examine Genting technical pictures. Genting painted a double bottoms on 27/6/23 and 30/10/23 with neckline at 4.56. Double bottoms projections will be around 4.56+(4.56-4.01)=5.11 and subsequently 5.11+0.55=5.66. As Genting just brokenout from a bullish flag pattern, measuring first leg (4.71-4.01=0.70) to add on rebound point 4.55, short term target may be around 4.55+0.70=5.25, which is bodes well with price target of many investment banks. What is today 4.90 means to me? 4.90 is a ceiling of Genting downtrend channel since Nov 2019! If you draw a line from peaks of Genting share prices since Nov 2019, you will reach today 4.90. Breaking out from 4.90 and no return means a lot for Genting share price after that. With MACD just crossed signal today, with RSI around 67%, Genting should be able run for a few days more and there is room to take tough resistance 4.90 away. Just sharing, hope I am right

Technically KLCI broken out from bullish flag yesterday, GENM broken out from bullish flag today, awaiting Genting to follow.......(Optimistic with bullish flag pattern to be formed. )