Genting Berhad volume is still low as compared to GENM. Hopefully foreign funds will buy Genting Berhad. Hopefully also our KLCI will break 1,500 points. I watch every moment of its share price movement. It still looks very shaky and unstable.
Looking at the performance of index linked counters, Genting Berhad is the only one not yet move up. It is still in sideway movement. This is a safest index linked counter to buy.
Translation: Nga Ko Ming: Planning to launch tourism year in 2026 Looking at 35 million tourists for sightseeing
Housing and Local Government Minister Nga Ko Ming said that the government plans to promote the Visit Malaysia Year in 2026, aiming to attract 35 million tourists to visit, which is expected to bring in at least RM100 billion in revenue.
Michael_chan2022 Translation: 改革开跑·料破1600点 看好今年马股反弹 Reform is underway, expected to break 1,600 points, optimistic about the rebound of the Malaysian stock market this year. 报道:林迪陞
Compared with the ups and downs in previous years, the Malaysian stock market has been calm in 2023, falling only 2.73% throughout the year, from 1495.49 points when the market closed at the end of 2022 to 1454.66 points when the market closed in 2023.
Although this is the third consecutive year of decline for the Malaysian stock market, the slight decline shows that the Malaysian stock market may have passed the bottom stage and is poised to rebound.
With the Federal Reserve expected to end interest rate hikes and possibly even cut interest rates, and with various domestic reform policies in full swing, various investment banks are generally optimistic about the Malaysian stock market, which will begin to rebound in 2024.
Among them, CIMB Investment Bank is extremely confident about the trend of the Malaysian stock market this year, and even set the KLCI target at the end of the year at 1,755 points, which is still quite far away.
As for Maybank Investment Bank and RHB Investment Bank, although they are not as optimistic as CIMB Investment Bank, they are also optimistic that the Bursa Malaysia stock market can reach at least 1,600 points by the end of the year.
PETALING JAYA: The gaming sector is expected to enter the new year on a positive note with several domestic and external catalysts to spur growth.
UOB Kay Hian Research, which maintained an “overweight” call on the sector, said the gaming stocks would likely outperform the FBM KLCI this year on the back of positive developments including generous dividend yields, Genting Malaysia Bhd’s (GenM) good chances of winning a full-fledged casino licence in downstate New York, and potential progress of Genting Bhd’s TauRx Pharmaceuticals.
Maintain BUYs on GENM, GENS & GENT For the upcoming lunar year of the Wood Dragon, we update the 3 themes we flagged last year:- (i) return of Chinese visitors; (ii) downstate casino license tender in New York City; and (iii) potential legalisation of Thai IRs. We raise our TPs for GENM to MYR2.93 from MYR2.70, GENS to SGD1.21 from SGD1.16 and GENT to MYR5.84 from MYR5.49 as we roll forward our valuation base year to end-FY24E from end-FY23E. Our top BUY pick is GENT as we believe it is also a good proxy to the recovering MYR.
UOB Kay Hian Research, which maintained an “overweight” call on the gaming sector... maintained a “buy” recommendation on GenM and Genting with target prices of RM3.50 and RM5.78 respectively.
UOB Kay Hian Research, which maintained an “overweight” call on the gaming sector... maintained a “buy” recommendation on GenM and Genting with target prices of RM3.50 and RM5.78 respectively.
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....
keyman
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Posted by keyman > 2024-01-06 17:21 | Report Abuse
@ micheal yup you are right. Thanks for your sharings dear my sifu. 🙏👍