HI there everyone; though, i have just look thru someof your comment on the new breaking point of klci despite of the world market on the opposite direction. i wonder may i suggest if buying blue chip, such as genting, i bought since early last year, at 7.6 rm in average per share. do you guy with experience is it way over price?

@ 7.60, quite a good price you enter. Keep it for longterm bro.... :-)

Genting shares are good for swing trading... currently the trend is between 7.60 - 8.0. u can reap a few hunndred wif each swing depending on the quantity u buy. Just study the chart for the nearest entry n exit points.

If u want to keep long term..fair value will be RM6.40 wait for market crash to shop...short term RM7.40.....good luck..

You are asking whether it is expensive when you bought it. You bought it after the stock split 5 ways, which is when it was pushed up higher by speculators. I would say RM7 would be the best rpice to buy it, RM8 would be too expensive during that time. But looks like you got it fairly. So it is not overly expensive when you bought it.

This post has been edited by skiddtrader: Jan 13 2008, 01:01 PM

Can any pros here give me some advice about Genting shares.

RM6.200 izit a good buy or shall i wait till it is RM6.00? What to you think about Genting prospects? Thanks

This post has been edited by MPIK: May 21 2008, 01:23 AM

market still very volatile, queue lower than rm6, if can get then okie, if not do not rush

it should be "bought", not "brought".

buy as speculation or to keep?

There is a specific Genting thread already. http://forum.lowyat.net/topic/689452

Please don't duplicate the thread.

Thanks.

PS: So moderator will close one of the less active thread.

This post has been edited by cherroy: May 13 2008, 02:04 PM

bought at 6.1 today, read the history chart, it is the lowest since dec 2006, and some also bought at 6.05 .

6.20 reporting in!!!

tomolo T+3 jor, taking up, taking up

altho not confidence with GENTING upcoming financial report

Sorry mate, today 'jump' not successful, Q at 6.05, not done. (buying vegetable again)
Actual I look back at my pruchases, 8/10 purchase done at Q'ing at buyer side, very seldom take the seller one. Haha kedekut behaviour.

6.00 is the key support line now.

Genting Highland still will generate steady profit but the UK casinos (Genting International) suffering might drag down the group performance.

The final jury is more on or after the Singapore casino being opened to see the actual effect/result whether curent price it is a good buy or not.

This post has been edited by cherroy: May 14 2008, 09:36 PM

ok la...i also q at 6.05!!!

good buy? goodbye??

only time will tell

lemme see

queue at 6.00

if you have tons of patient, then make it at 5.95

I think possible to get at RM5.95. Time for me to average... sigh.

Anyway, was up in the hill last weekend and the place is still packed. Business is still good...

i long time no go up the hill liao...i think 2 years or so

i miss the fruit machine in the casino

Those meant for .....old ladies, lah.

eh, 20 sens per slot, okay what.

most importantly is, i win money, who cares it is for 3 years old or 80 years old, right~!

/OT liao...

That game, can use computer to play at home, mah.

Play at home always lose $$...Becoz if u play at Genting u still got 50/50 win/lose...
Play at home..100% LOSE on TNB bill..hehe

This post has been edited by hanif444: May 15 2008, 09:44 AM

when was genting split the shares?

queuing at rm5.80....

stil TG below Rm6

6.00 strong sappot...

Their financial report for 31/3 Q will be coming on 29/5.

Asiatic should post sterling result while even Genting International posted very poor earning but it is not a signficant part in the group. So whether it can post strong earning report depends on the Genting Highland itself.

Yep yep i dont see any signs of trend change..

not confident with future of genting, bought 6.1 and sell 6.2 ... made some kfc.

Ima follow my instinct here and play with fire hope i dont get burnt. .ill report back next week and let you all know how i failed or succeeded ! cheers guys - lotsa love killy

wow so you bought GENTING?

instint...play with fire...burnt...

you sound like buying a huge lots!

Nope not yet..waiting for it to go down first

leaving a small foot print.

will be away for a few days.

hoping GENTING price is doing well on next week

the quarter annual report is coming out soon...
buy now at ~6.00.. then target to sell at ~7.00:P

This post has been edited by aretla: May 17 2008, 09:23 PM

my rough guess for the start of the week is that it will act 6.3ish maybe becoming alittle 6.4ish before encountering resistance.So if anyone scared of the next drop in this roller coaster you might want to jump of the ride here. " so u can sleep better at night"

Anyone else want to take a wild guess?


Killy - with love

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Added on May 17, 2008, 9:58 pmYep yep thats good if your medium/long term investor..
go ahead if you want

This post has been edited by kikikilly: May 19 2008, 08:11 PM

GENTING 6.05 liow!!! can buy arr?

I believe it will drop to 5.95 within tis week...but my target price is RM5.90

pls be patient bro... i m saving some bucks rite now... once reach that price i sure going to sapu 1k shares...

Genting breaking 6...cant wait for 5.90...

It's stuck at 6.05.. It's time to get it?

from where can i check the date release of the company financial report?

This post has been edited by feralee: May 21 2008, 07:49 PM

Hmmm normally it is not fixed one so I doubt there is a list of companies and their release dates. But it can roughly be guessed based on past releases. Check the Bursa webpage and their historical announcements, you can see the dates are roughly near the same time year in year out. But occasionally might be earlier or later.

U can buy in at rm6.0 or 6.05.

I think it will break its support level today at 6.00 based on sentiment.

ops, my bullet is not enough ...waiting 5.9-6.0

hehe, when is the next dividend?

Entitlement Details:
Final Dividend of 4.30 sen less 26% tax per ordinary share of RM0.10 each.

Entitlement Type: Final Dividend
Entitlement Date and Time: 30/06/2008 04:00 PM
Year Ending/Period Ending/Ended Date: 31/12/2007
EX Date: 26/06/2008
Payment Date: 23/07/2008
Stock Par Value: 0.10

lol as usual, stingy GENTING

aww you are so bad
if GENTING break 6.00, i am sure alot of buyer will queue to buy, and hence pushing the price up, hehehe

Dividend yield just like saving account only.

There are plenty of buyers at 6.00, may be I should settle it at 6.00, don't be so 'kedukut'.

Selling pressure is receeding a bit as volume die off, which at least a good sign.

This post has been edited by cherroy: May 22 2008, 02:56 PM

yes, if given a choice, i'd settle it at 6.00 or 6.05, too

i bought at 6.20 a week ago was merely for speculation, thought i can make some quick buck before T+3, mana tau...so decided to take up, keep and wait for it to blossom~~

Final Dividend of 4.30 sen less 26% tax per ordinary share of RM0.10 each.


how much is that if u hold one share of genting ?

every 1,000 shares (or 10 lot), you are entitled for RM 31.82

thanks for the reply

why the heck do some have dividends before tax and some after tax .

1000 shares of Genting cost Rm6050...dividen 31.82..2%

Most dividends are quoted either before tax or tax exempt. Rarely or never they will quote after tax because for each individual the tax bracket might be different.

ohyah, GENTING quaterly report is coming out next week.

hopefully it is with flying colors.

now already single tier taxation right? this genting last year uncle lim died that time gave out so much i was laughing all the way to the bank thinking finally uncle lim die his son generous but now sigh

Genting touch RM5.95 already.

scary...

blow blow GENTING up up

good good...

I think it should be bad. Otherwise, FFM won't be selling off like mad cows on stampede

making a note here

GENTING hit its 52-weeks low today, closed at 5.95

Next week I think i buy in if it drop to 5.80

Time to cut lost I suppose. It will take ages for it to recover even though fundamentally good company. And their dividends really sucks for the share price. I think I might as well re-invest in other uptrend shares like steel, cement and plantation. At least can make some good profit in short/mid term.

This post has been edited by dsugums: May 23 2008, 09:49 PM

Buy low sell high. Time to buy.

Larry, this is for you. Get 5,000 lots @ 5.85 and wait till it hit back to 6.50. Good money for your millionaire quest, no?$

i wait at 5.00

looks like supporting level is at 6.00 now.

hovering between 5.95/6.00

so who gonna buy ?


maybe i will buy today or tomolo

hahaha

important week for GENTING, let's see

lol, teasing me.

Q'ing at 5.90.

Will take 6.00 if Genting financial result is on good side.

follow u

GENTING 5.90 5.90 5.90.... Tomolo going 5.80

Genting support being broken almost daily at -5 sen. I cut lost today at 5.95. Cannot tahan the bleeding. Will jump in again when the bleeding stops. Selling pressure still too high. Expect it to go down to at least 5.80 by this weekend by analysing the sell que volume.

wow dsugums cut lost jor oh. me already "washed wet the head" (cantonese), haha, already freeze it in my fridge.

and GENTING closed at 5.90 today, aiseh man!

My Q at 5.90 miss by whisker.

I dont want to put my cash in a freezer. Now everywhere fire sale now. Maybe I can re-invest the cash in uptrend shares and gain back the loses from Genting. I feel Genting shares are like dinosour, it moves very slow. Even it falls in slow motion and before you realise it, already lost 5% !!! It will take ages before it can start moving upward.

Commodity shares are good bet for short-term, at least the drop is minimal but rises very fast if got news. O&G does not have any direction, very volatile, sekejap rising and next minute crashing down.

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Added on May 26, 2008, 6:32 pmDont worry, you will get it by this week, maybe even lower

The UK unit profit dropped 91% and for sure overall results will be lower than previous quarter.

This post has been edited by dsugums: May 26 2008, 06:33 PM

yahlor, selling pressure never stop

im dead meat....buying at 8.20..

This post has been edited by cutegurl: May 28 2008, 04:06 PM

When will it stop bleeding?

Maintain OUTPERFORM rating. We retain our RNAV-based target price of RM9.40
and keep our FY08-10 earnings unchanged ahead of its 1Q08 results release on 29
May 08 and remain positive on Genting’s fundamental prospects. We believe the
latest development remains speculative in nature although if it comes to fruition, it
would garner a positive reaction, provided the transaction price is reasonable. Genting
had just under RM10bn in cash holdings as at end-FY07, rising to an estimated
>RM13bn by end FY08. A possible disposal of its power division could raise this by at
least another RM3bn, leaving Genting in an enviable position of either returning cash
to shareholders or going on a more aggressive expansion into the gaming industry.
Either way, it would appear to be a favourable development for the stock in the
medium term. This is itself a possible upside catalyst to Genting on top of the core
catalysts of gaming and plantation growth, possible regional M&A activity and
improving capital management.

heavy selling pressure on GENTING

big lots sapu also cannot make the price to go up
when someone simply throw small lots, price terus go down, sigh

today GENTING closed at 5.75

hmmm this got me thinking who would buy a power company or rather which company has enough cash in hand and is interested in the utility business. And the only names I can think of is YTLPOWER.

Just threat it as losing money in Genting?
Or is it better to average it?

Genting Chips are now @ discount!

Might test 5.50 tomorrow.

ARTICLE ENTITLED: "GENTING TO SELL POWER ASSETS"
We refer to the verbal query from Encik Marzuki of Bursa Malaysia Securities
Berhad to Genting Berhad ("Genting") pertaining to the above news article
appearing on the front page of The Edge Financial Daily on Wednesday, 28 May
2008.
Genting wishes to confirm that it has been approached by various parties for
the potential purchase of its power assets. As Genting is constantly reviewing
its portfolio of investments to assess the efficiency of its invested capital
and to optimise returns, it has had discussions with third parties to explore
opportunities as and when they are presented.
If there are any developments requiring an announcement to be made to Bursa
Malaysia Securities Berhad, Genting will make the appropriate announcement in
due course.
Yours faithfully
GENTING BERHAD
LOH BEE HONG
COMPANY SECRETARY

noob question here...
why is the genting stock price drop so much this few days??

any bad news regarding to Genting stock??

same like roller-coaster game you play in Genting Theme park ma. Sometimes u're on top, then go down hill very fast.

Same oso like you go to Genting, very tiring driving up, but going down veli fastttttt one.




* ok, joke aside *


few factors :

- local share market is slow because politically instable
- regional markets are slow too, because of high oil and commodities prices. people spend less. So, not much money spend in Genting and business slow
- rumors of Resort/Genting privatisation

you can add more if you wish

From MIMB today

BUY reaffirmed at RM4.80/share. We continue to like Resorts for its clear earnings visibility and strong cash-flow generating ability as it no longer equity accounts for SCL’s financial results from 3Q07 onwards. It is our preferred stock in the gaming stock, with a BUY at price target of RM4.80/share, based on CY08 24x PER.

Hi , I am a GENTING buyers also . Ofcouse , I also do review of it . At this stage like usual . GENTING might just stand at RM6.70 least and will not raise till they anounce any plan / project .

At my view , In @ RM6.70 is a smart move xD If there's any mistake of mine , please correct me .

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Added on May 29, 2008, 9:44 amBtw , Anyone intrested in GIPLC @ SG ? It drop from SG$ 0.60 at lowest SG$0.570 . Any advice with this one ? mind to share ? Thanks

This post has been edited by EX-tremE: May 29 2008, 09:44 AM

In @ RM 6.70 is a smart move??

current price is 5.85 le.

a noob question..

how do u determine is it a buy or sell volume shown below the chart. Maybank on9 trading shows yellow bar only for volume transacted. How do i check... pls help.

look out for :-

B-Q - buy queue
S-Q - sell queue
vol - volume

suggest to look on volume instead as the buy/sell queue could be deceiving sometimes.

Either typo error on 6.70, should be 5.70

or

Old news.

lol lol lol

should be typo error.

does that means volume = B-Q + S-Q?

or issit just the number of transaction???

This post has been edited by pubee: May 29 2008, 11:09 AM

Wow, today Genting start wake up.. Anyone is in the train?

For Genting, watch its transaction closely, if those big 'sellers' not emerging again and its share creep up with healhty volume, then temporarily bottom is forming. If sellers still emerge afterwards in these few days with high volume, then it is too early to say bottom is forming.

no, is not like that.

good advise. will monitor.

so far only small buy lots that help pushing up the counter, bit by bit.
but good thing is, no big seller dumping on this morning.