The initial 3.30 target within reach now! Once this target touched, with SBB and more investments come-in, at the same time PM has given incentives to tourism while hinted inter-state, later borders opening as vaccination going on, the new theme park - I think it is "World Class" of it kind will draw big time attention within country then follow by region tourist. Thus, the next target price should be 4.50 ....hehehe...............................
Jom nanti go Genting......impressive and right timing ler, what is the good luck Malaysian can play first hand until the borders is open.....hehehe.................
Brother Ho. Hold on to Genting. If you thinking of selling, wait until Skyworld officially open. Confirm open in May. Only wait for a month and a half.
Posted by Alanhiew > Mar 18, 2021 5:52 PM | Report Abuse
Brother Ho. Hold on to Genting. If you thinking of selling, wait until Skyworld officially open. Confirm open in May. Only wait for a month and a half.
Believe in Uncle Lim! This counter has a bright future and much to offer. There is much potential for this counter when state border open and the skyworld official opening, and is not reach to pre-pandemic price.
Investors dumping stocks on Fed policy are making a mistake, Jim Cramer says
PUBLISHED THU, MAR 18 20216:21 PM EDT
CNBC’s Jim Cramer defended the Federal Reserve’s decision to leave interest rates unchanged, saying it’s a mistake to dump growth stocks out of fear of rising inflation.“Higher rates are bad for the economy. Powell doesn’t want us to take that hit if we don’t have to,” the “Mad Money” host said.“I think Jay Powell’s right to focus more on full employment than low inflation ... I bet he’ll be right about the transient nature of the commodity price increases,” he said.
CNBC’s Jim Cramer said Thursday that it’s a mistake to dump stocks in reaction to the Federal Reserve’s decision to leave the interest rate unchanged.
He defended Fed Chairman Jerome Powell, who the day prior maintained the central bank’s goal to keep short-term borrowing rates low to support the U.S. economic recovery, even if inflation picks up in the near term.
“Higher rates are bad for the economy. Powell doesn’t want us to take that hit if we don’t have to,” the “Mad Money” host said. “He doesn’t want his legacy to be botching the recovery … [not after he] acted so aggressively last year to keep the economy from crashing.”
The Fed slashed rates last year in response to the coronavirus pandemic. Now many market watchers are trying to anticipate the Fed’s next move as the economy gains traction.
Mandates put in place to slow the spread of Covid-19 upended the economy and threw the country’s unemployment rate into double-digit range. The jobless rate has since fallen to 6.2% as of February, and Powell said the Fed would prioritize giving the labor market room to recover.
“I think Jay Powell’s right to focus more on full employment than low inflation ... I bet he’ll be right about the transient nature of the commodity price increases,” Cramer said.
“Wall Street freaked out last year when Powell cut rates aggressively, and they’re freaking out again now that he’s decided to keep rates” low, he added.
While a low-interest rate environment is good for stocks, not all stocks are created equal, Cramer said.
Industrial businesses are winners when rates are low, while growth names — particularly those in tech that trade on future earnings expectations — are getting hit because those later profits are not as attractive if inflation eats into their value, he said.
The Fed now projects gross domestic product to improve by 6.5% this year, up from a 4.2% projection it made in December. As the U.S. economy reopens and more consumers venture outside of the home more, cyclical companies, such as travel, will stand to benefit greatly, Cramer said.
“The Fed’s basically saying, ‘Party on, industrials,’ which causes the hedge funds to buy them hand over fist,” the host said.
“Problem is, if they want to buy the banks or the smokestack stocks … they need to sell something else,” he said, such as “the high-growth tech stocks that they always dump, and that’s called the hedge fund playbook.”
@ MorningGlory123 , u makan terlalu senang , i dapati u semua counter pun post macam ni . Jangan buat wayang monkey lagi . Hahha people buy genting is keep for longterm . U think u smart than genting ah ? Genting invest berapa ratus million. U invest bulu aje hahahah
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....
RiverOfSilver
2,833 posts
Posted by RiverOfSilver > 2021-03-18 14:05 | Report Abuse
waah