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Genting Malaysia, Resorts World
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W.ROOK
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Apr 25 2009, 05:44 AM
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QUOTE(Soulsareworthless @ Apr 23 2009, 03:15 PM) I believe Genting's fundamentals are strong (at least in the first half of 2009, there could be cost overruns for the Sentosa resort which Genting might have to incur in Q3,Q4 of 2009). Having said that, investors still sold down Genting from RM3.60 to RM3.20 in February when Genting made a Q4 2008 lost which was only due to impairment losses. I'll agree that Genting's Q1 2009 results should be strong (hopefully).  I think Genting might incur more losses in the 1st Q.
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kb2005
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Apr 25 2009, 08:59 AM
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QUOTE(W.ROOK @ Apr 25 2009, 05:44 AM) I think Genting might incur more losses in the 1st Q. Any source of the news ?
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Starbucki
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Apr 25 2009, 11:05 AM
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QUOTE(Soulsareworthless @ Apr 24 2009, 07:11 PM) Same here, I doubt so it'll go down much, we missed the boat, or missed half the boat.  Just wait for whatever level of holding we have do wonders for us. We took the risks we are comfortable with, and now we reap the rewards. Of course not necessarily harvesting them yet.
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W.ROOK
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Apr 25 2009, 11:35 AM
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QUOTE(kb2005 @ Apr 25 2009, 08:59 AM) Sorry bro, not from any sources but my personal view.
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mynewuser
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Apr 25 2009, 11:36 AM
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In malaysia, anything possible. Company making loss also their stock price increase.
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W.ROOK
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Apr 25 2009, 11:39 AM
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So when is Genting and Resorts will be announcing their P/L report?
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Soulsareworthless
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Apr 25 2009, 02:17 PM
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QUOTE(W.ROOK @ Apr 25 2009, 05:44 AM) I think Genting might incur more losses in the 1st Q. Losses due to? Resorts, China power plants, Genting International, Sentosa? QUOTE(W.ROOK @ Apr 25 2009, 11:39 AM) So when is Genting and Resorts will be announcing their P/L report? Around 2nd week of May?
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Darkmage12
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Apr 25 2009, 08:59 PM
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QUOTE(mynewuser @ Apr 25 2009, 11:36 AM) In malaysia, anything possible. Company making loss also their stock price increase. Not only in Malaysia but elsewhere also
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Soulsareworthless
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Apr 26 2009, 03:06 PM
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QUOTE(Darkmage12 @ Apr 25 2009, 08:59 PM) Not only in Malaysia but elsewhere also If the company has good fundamentals why not?
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edwin32us
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Apr 26 2009, 03:41 PM
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For KLSE IF it is bullish, no matter what P/L announcement, the stock price will eventually go up
Just my 2 cents
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kb2005
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Apr 26 2009, 07:10 PM
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QUOTE(edwin32us @ Apr 26 2009, 03:41 PM) For KLSE IF it is bullish, no matter what P/L announcement, the stock price will eventually go up Just my 2 cents For the past 2 weeks. Yes, the share price keep going up. Maybe it will U-turn after achieving 1000points.
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Soulsareworthless
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Apr 26 2009, 09:29 PM
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QUOTE(kb2005 @ Apr 26 2009, 07:10 PM) For the past 2 weeks. Yes, the share price keep going up. Maybe it will U-turn after achieving 1000points. There should be a correction once companies start announcing their 1st Q results but in the mean time enjoy the bull to 1000+.
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Darkmage12
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Apr 27 2009, 01:21 AM
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QUOTE(Soulsareworthless @ Apr 26 2009, 03:06 PM) If the company has good fundamentals why not? In this case yes but there have been countless companies without fundamental and the stock shot up like no tomorrow
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Soulsareworthless
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Apr 27 2009, 03:01 AM
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QUOTE(Darkmage12 @ Apr 27 2009, 01:21 AM) In this case yes but there have been countless companies without fundamental and the stock shot up like no tomorrow The power of goreng-ing.
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Starbucki
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Apr 27 2009, 10:34 AM
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QUOTE(Soulsareworthless @ Apr 26 2009, 09:29 PM) There should be a correction once companies start announcing their 1st Q results but in the mean time enjoy the bull to 1000+.  Yes, can accumulate more RESORTS if it dips below 2.45
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whizzer
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Apr 27 2009, 11:40 AM
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Resort seems impacted by new mexico flu news. I think others like airline should also be hit. Could be a good time monitor the lower price to snap up some.
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omores
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Apr 27 2009, 12:21 PM
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QUOTE(kb2005 @ Apr 25 2009, 08:59 AM) Their European gaming operations not doing well. Plus they are incurring forex loss with the revenues there due to drop in value of British pounds.There were also some fears earlier on that Star Cruises might do a cash call, if running at loss. But surprising, they made profit. Which was why genting went up last week. But now you have swine flu scare, in Mexico, New York, New Zealand, Canada and Spain. Airlines and tourism industries will be affected.
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lowyat888
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Apr 27 2009, 01:22 PM
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Soulsareworthless
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Apr 27 2009, 04:33 PM
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QUOTE(Starbucki @ Apr 27 2009, 10:34 AM) Yes, can accumulate more RESORTS if it dips below 2.45  Yes, more red army, under RM2.40 I'll probably go in.
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Starbucki
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Apr 27 2009, 04:59 PM
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QUOTE(Soulsareworthless @ Apr 27 2009, 04:33 PM) Yes, more red army, under RM2.40 I'll probably go in.  It's 2.40 now..hehe
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