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GenM NTA RM2.92 and Genting NTA RM8.89.. it is common when down people keep asking to go down further and don't wish to buy and if go up they think it will go down and don't wish to buy higher due to last time low did not buy. It is human instinct and psycology. Investing shall be based on value investment while chart will assist you with better entry points. No one able to predict the lowest as long as you think the intrinsic value is fair will do.
last 2 to 3 months when everytime I doubt on myself holding both genting share, I will find your comments to read. thanks for the support during the hard time...
Most welcome Chris.. we are on same boat. Hope thing will get back to normal soon as a lot of people affected by this pandemic from employees who work to SME. We just hope everyone in good and same time we all earn money win win situation
Nowadays market really not like previously.. last time a day a stock can up around 5% consider good.. now 10% is normal. If institutional and retail investors wanna chase a stock at bargain hunting.. even can up 20% to 30% a day... so scary
Ya.. but that's current market.. maybe after they push to certain level will have profit taking then only go up again. Most important this or next week Genting and GenM results.. now market have high expectation on Genting and GenM results since GenS have turn back to profit.
Agreed with you Eddie.. while standard of living improving, people are looking more towards vacation and lifestyle. The future are bright as long as vaccine is proven, border open and thing get back to normal.
The other good thing is Tan Sri LKT even recent year expanding much but still maintaining good cash flow for the company to weather this unprecedented pandemic while able to turn the company around within short span of time is good credit.
While his willingness to sell 50% of Macau resorts to reduce his own investment vehicle Genting HK debt and improving cash flow instead of using Genting and GenM to bail are also a good step to gain back Genting shareholders' confidents
Yaaa... must have patient to wait at least until 1H21. If no patient, better look elsewhere to play, example GETS, VIVOCOM. That will give you handsome profit in just 2 weeks but comes at a price of risking yourself staying in Twin Tower super view high floor.
Good Yuron.. you can check back even 2008 Global Financial Crisis Genting also never drop below this price before.. like you said it is golden opportunity to buy Genting or GenM at this kind of price.
Agree. That is why I only play with hidden gem-stocks that always have lower PE and higher NTA and most importantly with extraordinary forward grow potential . Currently I just have AGES and MBMR under my belt, even though I already took heed of VIVOCOM last week from the likes of See Jovin and Mr. Bursa but I skipped it in order to adhere to my strict investment discipline that keeps my portfolio green right from the beginning.
