Ytl performed the same last time. Market reacted not much with 1st QR although its improving. Only reacted with a huge rally after its 2nd QR was out. See if this apply to Genting. Be patient. @Sifu michael 买得低才能抱得久。一于同佢揽过世🤭🤭
Ha, Genting chips mostly in retailers, when the chips changing hand enough to institutions or foreign funds, share price only can move upwards. HLB upgrade target price from 7.12 to 7.60. Maybank upgrade from 5.73 to 5.84. TA upgrade from 5.54 to 5.77 but share price resist to swing upwards, need to wait AGM or another QR.
Ask any small investor before trading started this morning, 10 out of 10 would tell you that Genting would rally strongly when the market opened. But big boys decided otherwise. Those who had bought at above RM4.90 when the market opened are now cursing and swearing.
If listen to analysts can huat, then everyone huat liow. If they really so good, no need to work as salary worker analysts liow can trade with own money and huat themselves. Only experienced, sharp and cunning stock traders make money.
Now, the reality. I take that the final 5th wave up has already been completed at 4.95. The correction of the entire wave that started at 4.44 is now underway. Take care.
Jun onward will know , any institution fund flow in to Genting or not , price action will tell u all , some fund may change portfolio , all company QR announement almost finish , fund will decide / analisis future growth company to invest , let see JUN onward Genting will attract institution fund flow in
No dividend hard to break out, also COVID 19 outbreak cast a dark cloud over any good news. Genting probably the most affected company during COVID. This is unfortunate, I think this AGM, we need to suggest diversification of the business into medical and AI products. Need to follow the trend, if company continues to maintain old fashion
businesses, Genting stock price will forever weak and vulnerable. Genting is long term play, it will test your holding power and patience. Perseverance is the key, don't give up.
I think this AGM, we need to pressure the boss to cut salary, it must proportion to the company profits, let LKT salary float, I think this is the fairest.
If you look at those US companies where their stock price are sky high, their bosses usually don't take salary at all, because their income is mainly stocks and it very much depends on the company's performance. They only get paid when the company perform well, and this makes them work very hard to make sure the company achieved maximum profitability. This should apply to Genting as well. If LKT continues to enjoy big salary, there's no incentive to work hard, like mainland Chinese saying goes, "lay flat", no need to work.
"Reform" is the new trend in town for Malaysia, reform may be long over due for Genting as well. Push for reform this AGM. You will never know unless we try. Don't be shy to voice out. Try...50-50 chance, no try...means 0 chance.
When the boss takes a big salary, it is a big red flag. Famous US billionaire once said, he will never invest companies where it's CEO draws a big pay check, because of the reason I mentioned earlier, and also the fact that if the companies goes down. The investors are the ones got hit the hardest, while the CEO left with big bonuses.
I used to keep a lot of smelly century eggs before. As I heard of good result came out yesterday, I threw them away into the dustbin. Now I miss my century eggs. I rather wonder how should we react when AGM, praise him or blame him and give him a knock..
I think following are the reasons share price going south today 1) foreign fund is dumping concern about inflation date release tonight 2)insider who know the q1 result taking profit (hit and run), 3) Genm q1 report revenue flated compare 23q4, this mean increase in visitors/ Visa free policy doesn’t benefit to Genm at all, and for the rest on the year. Most IB expect revenue increases same quantum as GentS performed
This is entirely LKT's fault, why he delayed the release of quarter until last minute? It entirely missed the bull trend ended last week. Only to released it when DJI started crashing. His intention is totally sinister, I believe I have voiced out what many of us thinking but prefer not to say. Why he wants to keep Genting share price down? To allow big fish to catch up buying in, this is manipulation.
If analysts are so good, why work all day, all the time to get salary. Better buy & sell stks, make $ for ownself. Make $MILLION$ & be rich for oneself. No need to kowtow to bosses & clients. No need to read, analyze, write reports, interview clients, present reports, publish forecasts, and get scolded by bosses & clients often for just a salary.
AngTayKor Posted by AngTayKor > 1 day ago | Report Abuse
Why so many people here keep forgetting important history lesson?
AngTayKor gave caution & early warning that we need to learn from history of repeated events as to what happened in the past can & may happen again. But most ignored his caution & early warning to be cautious. The technique is to push up price & dump. If u bought at this time, u are caught with pants down - trapped in penthouse
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....
Michaelchan2024
1,174 posts
Posted by Michaelchan2024 > 2024-05-31 11:48 | Report Abuse
Don't sell