Do you think Taurux drug is important for current ageing society? This is the key point to hold Genting. Although it might take time to obtain FDA approval, ageing population is becoming bigger. This will translate into high demand for the medicine.
Local funds are struggling to start a Raya bull, hope it can reach 1570 which is a breakout of KLCI uptrend channel. if fail, double top of 1555 will bring KLCI to correct to 1490........
IB pushing down the price to collect more. The upside is too high after the succesful phase 3 clinical trial. The price easily will go above Rm7.50, only a matter of patients.
Clinical trial ended in mid 2023. By then whales already should know the clinical trial results, they have been buying non stop from rm4 onwards. Look at the chart.
Genting unique way of testing support and resistance- it test from top to bottom. 4.95 and 5.02 tested ok d. it is may be also because too many investors trapped many years at the top from 1999-2023 at 4.90-5.40.
Let’s see what holds tomorrow …if stays above 5 than good sign plus 9 sen div ……all counts …next 2 weeks vital as price stabilises and investors will start investing for good news. 1 Qtr will be engineered to be better quarter…..which ends in fortnight ….people already know how of this impairment charge will be out through ..all creative accounting no Impact on cash flow
Thanks Goldgent, this news change my view on TauRX HMTM (LMTM) to believe it may be approved in near term (may be 2025). Taiwan is traditionally supplier of US. if HMTM cannot be approved by US, although it may be approved by other countries, the value will be axed and the economy of scale may not be achieved .
Wagering revenue 500,000 USD, this is petty cash ..the big boys who bet on UFC draft Kings have billions in revenue this income is insignificant and volatile ..i some how feel Genting income model is archaic….I think las Vegas resort is good business with good prospects but Catskills is one of the places which has had its time in 1960-70’s….Any way my 2 pennies worth. TauRX however is another ball game if big boss is able and will8mg to allow other shareholders to benefit!
@Save........All I can say is, there is an on-going plan to commercialize the product. 1) A pharmaceutical company has already been chosen 2) A new factory has already been built 3) Production set up is in progress 4) Production schedule is tentatively set on next year (pending regulatory approval)
Of course, for latest progress of regulatory submission, please do refer to ATK writings from time to time.
@Riaz1954 Agreed, Genting US Sports betting is nothing to write home about. Although I hope they have a solid plan for a turn around for Catskills. If a resort on top of a hill can make it, why not Catskills. Yes, monopoly situation but if Catskills could offer somewhat a great holiday destination, they will come? :p
A very good close. Washing all weak holders. Continue washing for another few days. Next target price will be 5.30, then 5.50 then 6.00. keep washing and continue go higher.
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 > 2024-03-12 12:29 | Report Abuse
If GenB's share price drops to... $4.70, are you suggesting that GenM's share price will also drop to $2.70?