I just back from Genting Malaysia. I am truly impressed with Genting Malaysia Casino. They have massively increase the bet size for each table and every table you will see high roller from china gambling like nobody business. somemore with the visa being excluded for china tourists. you start to see a lot of china gamblers in Genting malaysia
Less and less China people invest in hard assets properties, more and more opt to enjoy life like short trip oversea for sight seeing and bet in exclusive area like GENTING casino in both Msia and Sing.
With poor Q1 and Q2 QR results.... Q3 has started to show better performance. Therefore, we can't expect much in terms of share price action. However, things are starting to change if the financial results can improve in q4
Somebody in this forum the boss is a clever business man….I beg to differ he is no Musk or Zuckerberg ….the company has massively underperformed under his reign…..he is a master of making money from other shareholders in his company…..if this company was in developed markets no doubt the share dealings would have been investigated…….that’s why little rise leads to massive sales of shares….. the management are not independent …..of ceo the major shareholder
hng33, you mentioned that after the end of Feb quarter results, Genting will be propelled back to its pre-pandemic price of RM6. But here we have Riaz1954 saying that CEO Lim Kok Thay will press down the price using the Genting shares he owns. If like this looking at the charts, there will be triple peak price of around RM5, and share price will never close at or above RM5. Can anyone here have the same opinion.
Once secure FDA approval, Commercialize taurx is expect to worth USD 15 billion. As much USD 3 billion for GENTING 20%. These translate into RM 14 billion, form 73% of GENTING current entire market cap now.
In 2019, the annual global societal costs of dementia were estimated at US $1313.4 billion for 55.2 million people with dementia, corresponding to US $23,796 per person with dementia. Of the total, US $213.2 billion (16%) were direct medical costs, US $448.7 billion (34%) direct social sector costs (including long-term care), and US $651.4 billion (50%) costs of informal care.
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.
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....
Michael_chan2022
3,349 posts
Posted by Michael_chan2022 > 2024-02-02 12:14 | Report Abuse
Haha..@prudentinvestor, I tend to roar/post less when the stock price is on the rise