Congrats, heavy selling by retailer on 17.2.23 net of RM21mil. As typical bull cycle for blue chip last for 10yrs what do retailer left after RM8.88? We are now in 3rd year of the cycle from lowest price of RM3 GenB 2020.
Safety always come first for me. The market will always be there to make the next investment or trade. But I have to make sure I survive (protect my capital) and doing ok (making more money than lose) in order to capitalise on the next opportunity the market offers.
To be a good trader and win real money from the stock market, you need to trade with your eyes open, recognise real trends and turns, and most importantly not wasting time with delusional wishful thinking.
Good move @ElGato. I thought its going to be a short game during their rights issue with lucidity result just around the corner. But with the active placebo fiasco, it may become another 5 yr game but hopefully not again. Im vested in Taurx since series A n i have already seen several 5 yr cycles on Taurx. I encouraged Taurx kakis to subscribe for excess rights then. Now im encouraging them to sell some when opportunity comes n take back capital first. With low entry cost price during rights n warrants we dont need to sell a lot to recover back our capital. Anything can happen in markets n investments, have to manage our own risk.
Posted by AngTayKor > 2022-10-05 11:14 | Report Abuse
Need to remember history lessons. Rm5.20 zone better becareful thats where LKT started dumping in massive volume 4 months ago. ------------------------------------------------
Posted by dompeilee > 2 days ago | Report Abuse Hah! I already predicted last month when it was just below $5 that a sharp drop was long overdue & so I refused to chase to add even a single share to my existing holdings...it could be lim c ock tah i's family clandestinely UNLOADING like what they did last yr: release fake news about TauRx & then DUMPED 20 mil shrs to naive newbies & other funds @ 5.20...I trust no one but myself, not dragon328, not analysts, not directors who are all likely to have their own ulterior motives! -----------------------------------------------
Looks like only one person here remembers history lessons.
For a few i3 friends that have chatted with me recently for advice and cleared promptly near 5.10 zone, congratulations.
Real facts as below:- 1. Genting Berhad is a net cash company with cash/ total current liability of 2.70!
2. Prosperity tax will not be able to impose to Genting Berhad because for the past few years Genting Berhad in huge loss.
3. Tourism is the best way to move forward now to increase Gov revenue without spending a single coin from government.
4. Genting Berhad has lucky 7 turbocharged engines.
Turbocharged Engine 1: Genting Singapore, transforming to RW 2.0, one of the world best resorts for tourists to check in.
Turbocharged Engine 2: Genting Malaysia, holding the monopoly casino business in Malaysia. With the opening of the new Sky-world theme park + higher rental fees + higher hotel rate per night, definitely will generate more profits to Genting.
Turbocharged engine 3: High palm oil price, bringing more profits to Genting Plantation and Genting Berhad.
Turbocharged Engine 4: High turnover of visitors to Genting premium outlets with higher parking rate and rental fees will bring higher profits to Genting Plantation/ Genting Berhad.
Turbocharged Engine 5: High oil and gas price will bring more profits to Genting berhad!
Turbocharged Engine 6: TauRx, awaiting FDA approval for Alzheimer treatment.
Turbocharged Engine 7: Genting Berhad is going to auction off Miami property, which it acquired in 2011 for US$236 million. This Miami property worth more than US$1000 million at current market value.
All in all, Genting is your Best of the best investment in 2023. Creme de la creme.
To all Genting shareholders, I wish you all, Happy Investing in Genting Berhad with glamorous returns!
With Chinese tourists coming in and Singapore borders fully re-opened, I am confident that Genting Singapore will scale new highs in terms of visitation to its Sentosa IR as well as earnings.
2023 EBITDA is projected to increase by 30%-40%, in line with Singapore tourism board's projected 100% increase in foreign visitors to 12 - 14 million in 2023 compared to 6.5 million in 2022.
Genting Singapore has reported net profit of $340.1 million for FY2022 ended December, 85% higher y-o-y, as profit before tax more than doubled during the year.
Revenue grew 62% y-o-y during the period to $1.7 billion, while cost of sales grew 52% y-o-y to $1.1 billion.
The Directors have proposed a final dividend of 2 cents per ordinary share, double the final dividend paid the year prior. Together with the 1 cent per share interim dividend declared in 1HFY2022, Genting Singapore’s full-year dividend for FY2022 is 3 cents per share.
On a fully diluted basis, earnings per share as at Dec 31, 2022 stood at 2.82 cents, up from 1.51 cents the year prior.
The Group’s cash and cash equivalents stood at $3.6 billion as at Dec 31, 2022, up from $3.4 billion the year prior.
Total assets less current liabilities stood at $8.2 billion as at Dec 31, 2022, up from $8.1 billion the year prior.
Excellent results despite increase in cost of sales due to inflation. Will Genting price react positively, should but we never know, it depends on who is selling the shares and dumping them can’t be just retailers surely! That said many stocks have corrected globally. My worry is major share behaviour as well as small retail customers who sell for small profit…..if you look at institutional holdings some interesting fund houses have increased stakes
What I am hearing from medical professionals particularly from U.K. is that TAuRX is promising and approval may not be an issue despite the placebo issue. Apparently there is a precedence, and hope FDA is not totally corrupt as suggested. Let’s see you never know!
Worth highlighting is that non gaming revenue is up 90%! When gamblers return, the performance will explode for sure as visitation to Sing are increasing. Visit g Sing next week and struggling to find decent hotel as rooms are fully booked! Sing has gained as HK has suffered
Why GenB? 3 Mega resort RWS - very profitable and political stable RWG - Monopoly but with political risk, land slide maybe RWLV - city of gambler GenP - 200k++hectare of land bank with palm oil Gen Oil&Gas, power - stable resource and profit Life science - Wild A card to hit Royal flush and jackpot
Genting Singapore declares 2 sen final dividend will contribute 12,094m x 52.7% x S$0.02 = S$127.5 million or RM408 million cash to Genting Bhd
Genting Malaysia expects to declare a final dividend of 10 sen per share and will contribute 5,653m x 50.1% x RM0.10 = RM283.2 million to Genting Bhd
These 2 final dividends will total RM691.2 million or 17.8 sen per share to Genting Bhd who will be able to declare a final dividend of 15 sen at least
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....
virust
552 posts
Posted by virust > 2023-02-20 10:15 | Report Abuse
Congrats, heavy selling by retailer on 17.2.23 net of RM21mil. As typical bull cycle for blue chip last for 10yrs what do retailer left after RM8.88? We are now in 3rd year of the cycle from lowest price of RM3 GenB 2020.