Genting Sing    Last:0.735    +0.005

outlook

WHO SAYS DUN BUY IN NOW?    ANYONE need FACTS & FIGURES ...I HAVE EM FOR YOU pls check GENT CHART ...VERY POSITIVE MA CROSSOVER THIS WEEK SOON ...........

 

My own experience...following recommendation blindly from fellow friends is a sure way to the grave yard. Recommendation is good, but MUST do research yourself. No one will be there to hold your hands lah! It's your own $$. I agreed partly with ghlau, invest in counters that are making REAL $$ liao. Genting has not bring in the $$ yet, so future not known (but that does not mean no good). But if you are on short term, or punt, all counters can play. Just be nimble, bite one mouth then run. Sitting there and eat your whole meal be prepared to be buried alive...hahaha!

 

Sorry folks, all my VERY RICH buddies have done a reversed by accident instead of forward gear on their bulldozer...has briefed them after lunch FORWARD CHEOOOONGGGG ARRGGGG no more looking back !

 

If you all really like to hold long term buy this counters recommended by Victorian is even better........ Allied Tech, Action Asia, CEI, East Tech, metal comp, 8telecom, Casa, Kings SW, Poh Tiong Choon and Eng Kong.

 

Yesterday i bought 20lots of C2O holding at $0.64 and  1 hour later i sold and i earn a thousand plus dollars but if i bought 20lots of Genting also at $0.64 how much do i gain??? Come on lah brothers n sisters...move on lei there's lots of counters out for you all to invest.......

 

eh  ur rich buddies clearing wrong queue le.  now drop to 0.645.  tell them it is the sell queue they have to clear, not the buy queue.  haiz :-(

 

Aiyoyo..why always talk on counter that happen 2 or 3 years later????? many things unforeseen could happen within this period........STI wave up n down....recession......maybe even more to come....keep your money for other counter lah....come back later at 2009 ok....maybe you can earn more with other counter.

 

have been calling all my VERY RICH buddies to clear 0.66 barrier....they said they will use small bulldozer will do b coz it's only a thin barrier ...hopefully it will be fast before 1230 to clear

 

0.66 will be a support in the future, if it breaks through this price.

 

look like it has problem crossing 0.66 barrier.

 

trying to tok up mkt again? hee..

 

Comments from my broker.

B) Characteristic of share price performance during right issue

 

(Base on personnel observation only. It not base on statistic, maybe not correct)

 

 

During the right issue (company rise cash from shareholder), shareholder will entitle to subscriber the right issue if they hold the share till XR date.

 

·         Company will issue free right share (eg Genting R) to entitle shareholder

 

·         Shareholder can sell the right share if they do not want to subscribe the right issue.

 

·         Holder of right share (free or buy from market) are entitle to buy the right issue share at pre-determine price via ATM or cashier order before ?last day of subscription?.

 

·         After ?last day of subscription? the right share is worthless if you do not subscribe the right issue.

 

 

Below is the share price performance during right issue (quite high chance has this characteristic)

 

 

A) From announce of right issue to XR

 

Share price do not has much affect by right issue.

 

 

B) From XR to start trading of right share

 

Share price has slight selling pressure, some forward looking investor do not want to increase invest in this share may sell the share in advance.

 

 

C) During trading of right share:-

 

It has quite a lot of selling pressure in share price due to

 

·         Quite a lot of foreign shareholder, investor do not has money and fund may sell the right share as they do not want or not convenience in subscribe the right issue.

 

·         This result right share (plus subscription price) is trading at a discount to main share.

 

·         Some investor arbitrage via sell main share and buy the right share,

 

·         Overall there is some chain effect selling pressure downward in share price

 

 

D) From ?stop trading of right share? to ?issue new share to shareholder?

 

Share price has some rebound due to low price in (C) above

 

 

E)After issue of new share.

 

There is some selling pressure in share price due to more shares available in market for first two weeks.  After that, the share price will gradually rebound to it reasonable level.

 

 

Hence best time to buy share if it has right issue is during (C) and last chance to buy is first two weeks of (E).

 

 

(AA)

 

For Genting share that I highlight 2 weeks ago, if you do not buy during (C), the last good time theoretically is first two weeks of (E) which is first two weeks after 18 Sep 07. As in previous mail, Genting is very good to buy for 3-7 years long term holding.

 

 

(BB)

 

Imagine you are boss of listed company, you know your company share price is undervalue and you company is going for right issue.

 

·         You can set the right issue price quite near to current share price say 20% below current share price.

 

·         During (B) and (C) stage above, you or people around you just sell/push the share price close right issue price.

 

·         Result very few people subscribe the right issue because share price is close or lower than right issue price.

 

·         You or people around you can buy unsubscribe right share at good price. (compare to the price you sell above)

 

Above maybe is a loophole in right issue.

 

 

Conclusion:- It maybe a good timing  to buy share you like during it right issue.

 

 

Genting looks attractive at 60cts, if can lower  to 50cts even better. Good to keep for long term, or at least til they started their casino ( resort can come later)

 

Broker advice to avoid due to is take a few years before the share can give good return. Strong buying main due to the nature of the stock, singaporean know genting for ir sentosa, they know govt won't let genting fail, and genting can help some singaporean to fulfill their wish as ir, universal studio, casino..etc. Out of my seven family members who play share, five bought Genting. so you all can understand why genting still so popular. it good to invest in a popular share rather than a quit one. Buy Genting for 2010 when the price is right for you. Never contra or short genting at this level...it might not be a good profit. Stock broker will start to call for buy maybe after they bought some...thanks

 

Agree with Edwin. Brokers advise is meant to avoid this counter as it is very speculative, I think he meant good, look far, invest for 2010. I think it is a good piece of advise. There were huge buy up lately, but there were strong sell down as well. So the BBs are at play-speculative. Genting was ard 40¢ before announcement of IR. I am sure Genting will not visit 40¢ now as its value is dfiferent now, but is 60¢-65¢ the bottom? No one can answer that as the stock mkt is so unpredictable. Be nimble lah, buy when everyone see doom, and sell when euphoria is there.

 

I totally disagree...if most stock broker advise not to buy Genting,.... then can you explains the huge buy up for today? Secondly, Genting is already dirt CHEAP at 0.60 -0.650 range, still some people out there want to forum talk everyday that it will be lower to 0.55 or even below IPO price.. Well you can wait  if you are with those unrealistic and bottom fishing group, however I am happily vested at 0.65 and I think it's a worthwhile investment for medium to long term..... just my 2 cents   

 

Lots of stock brokers advice not to buy Genting yet because it still needs a few years before genting can chong. there will still up up down for genting before genting open door. i bought genting because i believe the return will be good by 2010, will keep on buying if the price is right. Genting will still face lot of selling pressure when the right share out on 18/9, if the share trade above 70 cents, it might fall back to present level as some people might lock in their profit. Buy Genting for 2010.

 

wah the ah peh in the kopitiam is damn good, they short when genting counter open and buy back double the qty they short and let go the balance qty end of the day.

 

Maybe he lost confidence in Genting when the price drop like birdie s**t.

Sometimes people feel depress when looking at huge amount of paper-loss.

 

Pension is stressed? No lah, I think he feels he did not make enuf yet...hehehe!