During pre-pendemic of Covid-19, the best was in Janiary to March 2017 where foreign funds bought Genting shares from RM7.50 to RM9.75. Tony Fernandes add flights to and fro for China and India. Hopefully, this is another catalyst for 3rd rise in a row.
AirAsia today announced a major expansion ... of its services covering China, India and Malaysia, totalling an astounding ... 230 weekly flights for the first quarter of 2024 with up to 5.2 million seats per year.
As I said the share price should already be 5.00 plus based on revenue growth ….but we have weird investor profile with heavy selling pressure following a small rise…very frustrating …it could be programmed trade using software / algorithm with very low transaction cost …otherwise it just does not make sense.
We really need Genting management to be proactive in marketing the company …like having capital market day where they elaborate more on their strategy and propects….sadly these sort of companies the management are simply nit geared up that ..they find simple communications difficult!
@Riaz1954: Likewise YTLPOWER; According to Ooi Teik Bee (OTB) it should be trading at RM4.87 and not only RM2.30. Using very complicated mathematical calculations, the price should be RM4.87. This type of complicated calculation suits overseas mature share markets which is achievable but not in Bursa Malaysia. Very disappointed.
dun believe too much loh ..... last time many counters like hiap teik, AYS he also gave very high target price and his friend kon you yin also help to promote, many ikan bilis trapped
Genting is not like hiap teik, AYS these two shares are overhype by OTB with Kyy help to scam those followers. Genting was trading above RM6 ~ RM7 in 2019 before covid.
Budget 2023: 2025 is 'Visit Malaysia Year'... Anwar said 2025 would be "Visit Malaysia Year" with a target of 23.5 million international tourist arrivals and a projected income of RM76.8 billion.
Even though I dun hv a crystal ball, I’m pretty sure it w get past 5 tis time around. In d worst case scenario even IF it still cannot for d 4th time, I w still wait on until it will eventually. I shall persevere and I hv d patience and confidence tht it w not disappoint those who r determined. Happy to witness tht when it happens.
As an investor I want Genting to do well more importantly the performance and growth prospects should reflect the share price. Whilst share price is moving upwards but still does not reflect forward potential worth all metrics suggesting. Genting is under valued! Why is this ? One reason is the management are not very with it in terms of communicating to the market this could be because large shareholding by one owner ..not motivated …jsut watch U.K. s Rolls Royce the engine and defence company capital market presentation the CEO Erginblic was fantastic total command of the business and share price flies and will do more …this is lacking in Genting….Taurx is the real catalyst thst is needed …even here no updates no information etc…jsut lethargy
@Riaz1954, I guess shareholders’ interests r given a higher importance in more advanced and informed capital markets. It’s not so much abt d controlling shareholders’ profile and wat they do, it’s more of how and wat Bursa as a regulator cud do to dictate rules of d game to regulate/liberalize d capital market further in d interest of shareholders of any public listed company. Once they put them in place, d rest w just follow thru and any shortcoming well addressed.
Genting shorties' kukv shrink significantly...from 495,300 short position @ $4.514 the day b4 to just 94,400 now @ $4.621 avg...they got cleaned out @ the stockbaccarat tables! 🤣🤣🤣
Whomever is happy with their profit now can go ahead to cash out. Only to realize later tht they need to buy-in back again at a higher price. Walao ehhh…
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....
choysun
4,402 posts
Posted by choysun > 2023-11-27 16:48 | Report Abuse
Today steady. FF buying up those exiting for quick gain? :p