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the big sharky are doing buy selll to make fast profit to catch the small fish into the net. without a good quarter result, the price is hard to sustain since the big shard trade everyday in front of the computer
After Yutaka bought Ptrans, he got no money for others stock liao... I think this Yutaka and 大神 can become very good friends... Both car big bomb no need capital...
such a big change at Genting since my last visit 5 years ago. Impressive if you will. give it some time and the value of genm will resurface for those holding it.
Hi lian meng tee, just my opinion. if you do not have any position in genm, you can wait first. if you are planning to hold long term for its dividend, imo - a good entry is below $2.92.
there are a few headwinds for genm which is both positive and negative to its earnings. (1) the increase of taxes will lower its margin (2) the acquisition of equanimity aka tranquility of usd 126 mil which will affect its cash flow (3) possible reversal of impairment losses in 2018 from the promissory notes by the mashpee wampanoag for proposal of casino. the law/Bill for the tribe's reservation as trust land has been approved, but casino plan is still debatable.
based on its fcf of 757 mil achieved in 2018, the lower end of its value imo is at $2.43. these are just my opinions and maybe wrong. hope it helps with your research.