Quarterly rpt on consolidated results for the financial period ended 31 Mar 2024 GENTING BERHAD
1) Revenue. 7,431,337,000 2) Profit/(loss) 1,380,447,000 before tax 3) Profit/(loss) 998,612,000 for the period 5) Basic earnings/(loss) 15.29 per share (Subunit) 7) Net assets. 8.98 per share (NTA)
Walaoeh, finally the super outstanding QR for Genting just come out! Oh my goodness, an incredicle,unbelieveable superb big profits of 1 billion ringgit !
Like that once market opened this morning, Genting going to limit up to closed at RM6.30 (+RM1.45)(+29.9 %) already liao lah !
Genm report revenue flat, many doubts about it abilities to recover since heavy tax be implied in 2018, gaming tax 20% +10%+(6%+2%), 18% increased from 20% to 38% direct tax revenue around 1600x18%=288m every quarter. In other word can almost close down, thank to mr Lim Guan Eng.
lan j stock like top glove can up 30% for no f ing reason, Genting drop after big positive news. KLSE is a joke, no wonder no foreign investor play KLSE.
Management already give up genm, distributes dividends as much as they can, borrowed as much as money, every single sen they make transfers to overseas, stop investing (even road also dont wanted to fix, maintenance of building just let go). Sooner or later will restructure, transfer out assets wanted, tranfer in rubbish assets, after sell it 49.1% stake. Gambling sector, no hop in Malaysia
Please call Anwar, KLSE need reform, allow EPF to buy none syariah compliant stocks. Then we will see Genting trading at fair value in no time. EPF can buy murderous family destroying sin stocks like Top glove, why cannot buy our number one tourist attraction in Malaysia? Make no f ing sense.
Those who had bought heavily early in the morning are now bitterly disappointed. Profit increased by a few hundred per cent but share price drops, very unusual.
Agreed with you but not sure if can closed above 5, above 4.90 is good enough. slow slow up is better than gap up. (Johnchew123 IB report need send to institution fund , foreign fund oversea now night time , sleeping , afternoon only report go through by foreign fund , wait 2 .30 pm afternoon , see foreign fund step in , if step in , will close above RM 5)
Everybody expects price going to shoot up with some predicting limit up. Many must have bought at the start hence a few sen up after opening. Now trapped! This is just like playing baccarat at Genting. When all previous trend points to Player, everybody will bet on Player but when the cards open, Banker wins. Maybe insider selling to pay for the operating expenses of Empire in the US.
Let see this Genting trend can happen what SPSetia trend happen on Feb QR , once strong report QR report , first day up 6 sen from 84 sen up 90 sen , 5 p.m close flat , folllowing next day Spsetia slowly up until 1.53 , only take 15 trading day , Let see what institution fund strategy ,coming Jun , any portfolio change , dispose other stock , buy in Genting or not ,coming JUN will tell u all , if price slowly up , mean instution fund slowly buy in
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....
mushimushi
565 posts
Posted by mushimushi > 2024-05-31 03:05 | Report Abuse
Just checked the latest price target for Genting BHD.
Max 7.20
Min 5.10
AVG 6.06
So basically all the online guru give the min price target. Don't sell too early. Long way up.