As long as the biz has strong economic moat, can generate cash continously, with capable management team. Is worth to hold for long term. The question, is the management and person in charge. Lkt realible? For me, maybe yes. Cos he has manage the company for quite a long time. If not covid 19, the company for sure will maintain its growth. Just give him some time. He is the largest shareholder. No way he will ruin the company. Just my 2 cents.
MAHB records 9.6 million passenger traffic in November..
MAHB said international and domestic passenger movements registered 3.4 million and 3.2 million passengers, an increase of 51.8% and 8.8% over November 2022 respectively... very positive for Genting
The US economy is expected to remain slow in 2024 as leading banks and economists project the GDP growth between 0.5% and 2% for 2024. JPMorgan Chase & Co. (NYSE:JPM) forecasts a conservative growth rate of 0.7%, while the Conference Board estimates growth rate of 0.9%.
Malaysia records 26 million tourist arrivals from Jan 1 to Nov 15, says ministry
Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing said he hoped tourist arrivals will continue to increase following the implementation of the 30-day visa exemption for travellers from China and India from Dec 1.
The tourism sector is projected to pick up significantly next year, surpassing pre-pandemic levels in terms of international tourist arrivals.
Tourism deputy director general (promotion) Datuk Musa Yusof said this is due to better flight connectivity and the potential increase in visitors from India and China.
When will people realise improved business performance has nothing to do with share price movement particularly in Malaysian stock market. We know business performance has recovered well…and tourist numbers etc all up significantly, Chinese visitors up, political risk low, all other noted reasons for poor performance have been largely addressed…though debt levels are high. Cost control could be improved but major shareholder not concerned , governance is poor….a real catalyst is needed to lift performance …otherwise it will remain in doldrums ….
Technically Genting looks like is drawing 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
China expects 1.56m daily cross-border trips in 2024 New Year holiday
The expected increase in travel during the upcoming holiday season approaches 90 percent of the levels recorded in the same period of 2019 before the pandemic
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....
Medusa
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Posted by Medusa > 2023-12-26 22:17 | Report Abuse
Told u so
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