Author Topic: When is a good time to sell Genting?  (Read 4118 times)

Offline jbtan

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When is a good time to sell Genting?
« on: April 05, 2006, 10:23:09 AM »
I have been holding some Genting shares which I now need to sell in order to invest in something else. Does anyone know what is a good price to sell at?

Offline julez.lim

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Re: When is a good time to sell Genting?
« Reply #1 on: April 05, 2006, 05:48:29 PM »
A huge dilemma you have...
Some analyst expect the Genting share to go up to RM28... Seems like Genting's power plants in China are firing up pretty well... Guys, genting is just not about gambling... There do diversify to other areas too...
Recent article about Genting: http://biz.thestar.com.my/bizweek/story.asp?file=/2006/4/1/bizweek/13813616&sec=bizweek

I saw the artist impression of Genting's Marina Bay project in Singapore... Beautiful!! 

Noticed today Genting jumped quite a lot... And the index is now at 941... A huge leap! A few weeks ago, ppl were like hoping that it could maintain at 930.. Now, wow...
Question is: Will it maintain at  940?

Personnally, I think there are some fundamentals n speculation boosting Genting share price... Speculation in the sense of winning the gaming license in Singapore... As a Malaysian, sure would like to see Genting getting it, but anything can happen. Let 4 contenders, if not mistaken...

Offline Calvin Wong

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Re: When is a good time to sell Genting?
« Reply #2 on: April 20, 2006, 08:52:36 AM »
Have you sold yet? Genting looks like it is still going up... i advice you to sell now because next weekend i will be going to genting and I am going to win all thier money! muahahaha...

Offline jbtan

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Re: When is a good time to sell Genting?
« Reply #3 on: April 24, 2006, 09:08:05 AM »
Have you sold yet? Genting looks like it is still going up... i advice you to sell now because next weekend i will be going to genting and I am going to win all thier money! muahahaha...

Thank you for your advice, Calvin. I shall keep that in mind. I hope more people like you go to Genting before I sell :)

Offline julez.lim

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Re: When is a good time to sell Genting?
« Reply #4 on: April 25, 2006, 04:40:09 PM »
Genting touching RM26 is very interesting...I wonder whether will it still go up?
The current market worries me as there are lots of speculation happening... There are a few counters that SC warns investors as the rise of its stock price was questionable. Genting is not one of them.
Once the punters conduct 'profit taking', I worry that the market will dip. What you guys think?

Offline julez.lim

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Re: When is a good time to sell Genting?
« Reply #5 on: May 29, 2006, 07:32:01 AM »
A big bummer for Genting...

"Las Vegas Sands, the world’s top casino operator, has been picked to build and run Singapore’s first casino, a project that will cost more than S$5bil." -biz.thestar.com.my

Hmm... wonder whether how bad the shares of Genting will drop today...

Offline jbtan

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Re: When is a good time to sell Genting?
« Reply #6 on: May 29, 2006, 08:56:54 AM »
A big bummer for Genting...

"Las Vegas Sands, the world’s top casino operator, has been picked to build and run Singapore’s first casino, a project that will cost more than S$5bil." -biz.thestar.com.my

Hmm... wonder whether how bad the shares of Genting will drop today...

I think this was actually announced on May 26th and curiously the price went up on that day...

Offline jbtan

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Re: When is a good time to sell Genting?
« Reply #7 on: May 30, 2006, 10:44:28 AM »
Hmm... wonder whether how bad the shares of Genting will drop today...

Well Julez, you were right - the price dropped today. :)

Offline jeybon

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Re: When is a good time to sell Genting?
« Reply #8 on: May 30, 2006, 12:33:11 PM »
The 2nd licence is still in the process of bidding.  Would you guys think Genting would get it?
Regards,
Jeybon

Offline julez.lim

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Re: When is a good time to sell Genting?
« Reply #9 on: May 30, 2006, 02:13:32 PM »
Being a patriotic M'sian, I would hope so... :P
The design that was submitted by Genting was very nice... Same goes to Sands who won the casino license.. Very beautiful.
I guess S'pore is attempting to be in par with Dubai.
For Genting share owners, cross your fingers and hope..

Oh ya. There are some news bout Disneyland to be in Johor. Anyone of you read bout that?

Offline julez.lim

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Re: When is a good time to sell Genting?
« Reply #10 on: October 10, 2006, 01:09:31 PM »
"News of Harrah’s Entertainment Inc's 11th-hour exit from the Sentosa Island bid yesterday lifted Genting Bhd’s shares to their highest level in 10 years.

The counter, which had been rising since last Wednesday, opened at the day’s low of RM25.50 and hit an intra-day high of RM26.50 – its highest price in 10 years. It closed at RM25.50 on a volume of 2.7 million shares. The call warrants, Genting-CA, rose in tandem, putting on four sen to 27.5 sen on heavy volume of 22.3 million shares" -biz.thestar.com.my

This is mighty interesting... Now there are 3 contenders left...

Genting-CA seems to be gaining pretty good in terms of %. This is a good alternative if one have not much $$ to buy the entire Genting share. Target capital gains and forgo dividends

Offline earwax

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Re: When is a good time to sell Genting?
« Reply #11 on: October 21, 2006, 10:22:21 PM »
Sold yet? Now will be good!  ;D
Right beside every great brain there is... Earwax! :)

Offline julez.lim

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Re: When is a good time to sell Genting?
« Reply #12 on: December 05, 2006, 03:04:57 PM »
The next couple of days will be interesting for Genting shares...
"Singapore is expected to announce the winning bid for its second casino resort this week in a deal worth as much as US$3.5bil. " -biz.thestar.com.my

Offline Calvin Wong

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Re: When is a good time to sell Genting?
« Reply #13 on: December 05, 2006, 04:39:15 PM »
Wow... US$3.5 bil?

Wasn't Genting's bid in the region of RM5.5 bil?

Offline DenLee

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Re: When is a good time to sell Genting?
« Reply #14 on: December 07, 2006, 10:22:51 AM »
It's still time to keep Genting.  Let say, they got the deal, Genting will need lots of funding from stocks to make up RM5.5 bil.  My guess is that the price will still be bullish even after the announcement.  What did u all think?
Regards,
Denlee

Offline julez.lim

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Re: When is a good time to sell Genting?
« Reply #15 on: December 07, 2006, 01:36:10 PM »
Well, always you have to think 2 ways... What if they get and what if they did not....

Anyways, there's this thing which I saw...

"Judging by the momentum, the KLCI could test the 1,130-point level by year-end." -biz.thestar.com.my

Offline julez.lim

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Genting won the bid
« Reply #16 on: December 09, 2006, 10:58:16 PM »
Yo.... Have you heard??? Genting won the bid

"Genting Bhd shares are expected to be re-rated following the group's success in securing the final gaming licence in Singapore, analysts said.

Yesterday, the Singapore government awarded the second casino licence to Genting International-Star Cruises consortium, which proposed a S$5.2bil integrated resort called Resorts World at Sentosa. " -biz.thestar.com.my

Offline 1liner

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Re: When is a good time to sell Genting?
« Reply #17 on: December 09, 2006, 11:21:26 PM »
Good win for people who invest :) Next time will go for its warrant coz not enuf $ to buy mother share

Offline jeybon

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Re: When is a good time to sell Genting?
« Reply #18 on: December 10, 2006, 01:16:38 AM »
Yup, warrant is the key to capital gain.  Right now, the main share is too expensive.  But look out for the expiry of Genting warrant on 2007.
Regards,
Jeybon

Offline penang_lim

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Re: When is a good time to sell Genting?
« Reply #19 on: December 12, 2006, 05:21:13 PM »
The mother share is very expensive at RM32, definately warrant should be the choice.
When the time comes, all investment knowledges should be passed to the younger generations for further enhancement.

Thx & Rgds;
Lim

Offline julez.lim

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Re: When is a good time to sell Genting?
« Reply #20 on: December 15, 2006, 02:58:44 PM »
I agree... Maybe they will do stock split soon to increase its liquidity. For me, I think if they do stock split now it is going to be very good for their stock price