There is a saying that says, "don't catch a faling knife." This is so apt for glove counters but not GenM. If you intend to hold this GEM for a little longer, use Dollar-cost averaging strategy to reduce the impact of volatility. Don't panic, be optimistic.
Don't jump into conclusions. Obviously IB always makes the wrong predictions. But I think the downside is limited as selling seems to be well absorbed. Buy the mother shares as earnings from plantation and Genting Singapore offer better returns.
@sharefisher, from my observation in past, mostly after share bonus issue the price will frequently turn south, maybe a few days, or could be a day. Thereafter then slowly go north
I don't want to post this in the hot horse forum to stir lol
kaitan research lowers target price to 1.90 on bleak outlook. (Previous TP 2.10). Details: - high debt - rapidly reducing cashflow - two months of interstate closure assumed - indefinite ban on international travellers - delay in theme park opening probable - no dividend probable - potential share dilution - online gambling competitor threat - further use as cash vehicle for US junk assets
2.2... no point buying now.. it will fluctuate then you will be waiting at the top and those who enter later will smile and slowly join while watching you haha
In my opinion current COVID cases are high, and this create bad sentiment in the market. And yet GEM stays at rm 2.3/2.4...this is what I predicted in my previous tweet.
It situation get really worst in upcoming days, I think GEMN may dip further to RM 2.3/2.2
But I don;t think will bottom at rm 2.
I think MCO started about more than a week ago will only see the improvement in upcoming weeks. I really think the current numbers are due to people contracted the virus before the MCO., and the effects of MCO will start surface may be in next week onwards.
If number drops due to impact of MCO 2.0. THe GENM and GENTING will stay supported to RM 2.4/2.5....
So no way, in my opinion it will dip to RM 2 below.
In fact, there are some efficacy data out already from mass vaccination in another country. And the data to me are delighting with first dose protection rate. Even though it is reported lower than claimed by Fritzer.
But good thing is, it works to certain extend even with first dose of vacination.
I am convinced, there will be more positive news from vaccinations day in day out...
@752-michael_chan, the important thing is that the vaccine must work to reduce the contraction rate, and reduce the severity of the covid symdrome. These can help to end the pandemic.
I really hope so, and we are anticipating more and more efficacy data out soon, One of countries in middle east already have 20% of population vaccinated with first dose and they released some efficacy data, even though lower than claimed by Fritzer, but it didn;t say it is not helpful.
The percentage of contracted patient is still low, that is after first dose of vaccination. Second dose will follow after 24 days, and we may be seeing the efficacy data of second dose soon. If the data is close to what Fritzer claimed. That will be the first mass vaccination real efficiancy reported, and if that news come out positive, I really think the dawn is at the end of tunnel...
Just some of my hopes and I am convinced the pandemic will end sooner than expected.
My two cents, not a buy call or sell call...Just my own analysis and opinion.
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....
752_michael_chan
702 posts
Posted by 752_michael_chan > 2021-01-21 16:44 | Report Abuse
Please be satisfied with what you can get now...have a sense of this is good for me..
https://youtu.be/rO1b7vONJNc