Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Normally Genting price will plunge first before rebound.. This counter don't like to hammer. Hehe.. If you monitor closely.. The chart always plunge then next day candlestick rebound strongly.. Below 4.50 still ok to enter... This 3 years I only trade genting stock and some REIT
You can add in by batches ar.. some more Genting and GenM is the only company able to maintain dividend payment even during MCO1 and 2 where most banks and even consumers stocks like Carlsberg also on hold dividend payment and resume thereafter.. if wanna play recovery stocks I think Genting anyhow give better assurances as aligned with gov to generate more tourism revenue and recently I went up Resort World Genting also see businesses recovery well.. patient is the key..
Recovery still a long way. Interests rate increase not good for high debts company such as Genting. Tiny cash flow & still paying dividend instead of using it to cover capital spending. Cash reserves are dropping at an alarming rate
Cash flow for Genting still relative stable la.. from RM22.5 billion to last qtr RM21.7 billion while cash flow generating should be increasing going forward. Lease liabilities also reduce by almost RM100 mil
I yet add.. just keep those I bought last time average price below RM3.80. While all these while got buy and sell Genting and GenM whenever got opportunity. Maybe RM4.40 or below will add
Is ok.. I can hold and slowly accummulate. have standby 6 figures for accummulation while I think Sept 2022 is coming down as common highlighted last month rally of US stocks and then shall see US stocks rebound on Oct and Nov 2022 before downturn again next year.
now market cap stand at 17billion impossible below 10billion if below 10billion can sapu liao 20billion cash in hand now with 2 billion short term debt and 100billion asset
Infact is affected in overall market conditions and US stock market consolidation on Sept 2022. Indeed I have a follower on Instagram check out the Aug 2022 rally and whether it may come down which I have indicate in Instagram. Basically investing besides understanding company fundamentals, stovk market cycle also if take into account may increase a little chance of success but no 100% in investing as too many factors can be affect the market and individual stocks sentiments expecially external
Still accumulating the Genting stock at the range between RM4.40 to RM4.45 this week personally.
Genting losses is due to huge amortization and asset depreciation of newly open RWLV . Asset depreciation will drastically reduce year by year. Moreover, RWLV hotel occupancy is reaching 80% at second quarter, I believe this summer RWLV hotel occupancy might above 80%. Confidently Genting will have a fruitful QR result in future.
My judgement might be wrong. Happy investing. Cheers.
Yes.. my practice now is always buy when dip drop and sell when near or overbought.. no 100% but all these while winning chance quite good but need to have capital to pick up contracts no contra or margin borrowing money to invest please