Genting SP , ex-rights 18/09/2009, trading of PAL 28/09/2009, cease quotation: 12/10/2009, last day payment: 20/10/2009.
51 comments:
Anonymous
said...
Invest in Genting sp should be safe and have high growth potential. My wife has loaded more than half of her wealth in a bid to speed up wealth accumulation. Lets hope Genting casino open as schedule next yr.
Bought back all GENM at 2.78, realize instead intraday gain of few hundred. Remain short term trading of GENM. Sold also some Pintaras jaya at 1.42, realize some T+3 profit.
I'm not buying back GENM for intraday profit, as market merely manage to rebound 2pts even most Asian market rally, signalling selling pressure still have not ease. I'm taking more caution stand now, and free up more margin for next bargain hunting.
This morning, bought first 20% stake of GENM at 2.76, using margin line.
Sold also some Ptaras at 1.42, and Ireka at 82sen, realize some paper profit (trim core stock to further free up more margin line, increase more bargain power)
I'm selling more pintaras, mainly to free up more margin line for bargain hunt. After annonucement of its dividend, pintaras share hardly go up, persumbably due to its long ex-date time, which will be only due in 3 month time. Hence, short term unlikely to move significantly.
I'm overweight on GENM now, loaded 80% margin line. Lets hope GENM share can perform :)
No lah, just monitor US market which often have substantial influnence to Asia market (but my relatives all invest in US market, have reap more than 500% return ytd). Yesterday, seeing Dow dip from more than -100pts and swing back to just down less than -30pts (stock rebound after surge in crude oil), only then manage to fall sleep, resulted unable to wake up in time (often wake up at 7.30am, but today at 9.15am.....
I think i've take too much risk on GENM using margin line, while this time manage to reward few k, but if reverse occur, i may also loss few k. With growing capital as well as margin line, I'm seriously thinking to limit my margin line exposure from 100% down to 50% of total capital or limit portfolio to less than 1m.
genm n genting r really exciting ctrs.try to "tangkap" genting yesterday but didnt kena..instead kena genm.now the mother go up already..missed liao lau..sooner or later they will play up genm.there is something brewing here..hopefully the boss will extract out the cash from genm.then only we got picture lo.wht say u bros?
Are you currently holding any GEN and GENTING, at what entry price? for buy and hold or buy and sell strategy?
Both of these counters are on my radar screen, but are confine to short term trading. I'll trade on their weakness, and sell on strength for quick return.
No doubt both Genting and GENM are interesting counter, possess both high liquidity and volatility and yet both are strong in cash flow buiness and have high potential bluechip counter, especially when news related to regional casino or any capital management such as GENM declare special dividend; acquire rival etc.
Nonetheless, all these take time o materialize, and for intrinsic value to emerge and reflected in their share price. Currently, only one thing for certain is upcoming openning of Singapore casino in early next yr, offerring great catalyst (already invested in Singapore SP for buy and hold).
Are you currently holding any GEN and GENTING, at what entry price? for buy and hold or buy and sell strategy?
Both of these counters are on my radar screen, but are confine to short term trading. I'll trade on their weakness, and sell on strength for quick return.
No doubt both Genting and GENM are interesting counter, possess both high liquidity and volatility and yet both are strong in cash flow buiness and have high potential bluechip counter, especially when news related to regional casino or any capital management such as GENM declare special dividend; acquire rival etc.
Nonetheless, all these take time o materialize, and for intrinsic value to emerge and reflected in their share price. Currently, only one thing for certain is upcoming openning of Singapore casino in early next yr, offerring great catalyst (already invested in Singapore SP for buy and hold).
i go in n out for genm n genting but not as fast as u.for the time being i will let the boss to do the thinking/strategize on his babies n i will ride on him for the next 6 - 9mths. it doesnt mean i will hold them all the way.just see how it goes.nothing is permanent in ths world.lessons from dow jones have taught many ppl out there. LVS can come down all the way from US130 to US1.50.so do u think genting will go all the way up n stay at the top forever.i dont think so,bro. tht's why i really admire ur trading style.
I've to keep GENM for a while as all GENM at cost 2.73 :(
Today also sold some OIB at 1.24-1.25, taking some paper profit first, but still likely to keep 50%stake for its dividend. OIB share has been steady on uptrend, due to upcoming 10sen dividend announcement. Expect Ireka also announce its dividend of 5sen soon, probably by today.
I've keep Ireka at average cost of 73sen; sold off at average price of 87sen, realize margin more than 18% net. Another core stock (OIB; avarage cost 1.09) may command even better profit margin once its dividend announce :)
Although, this morning sold half GENM stake at 2.72, realize one time loss, but the absoulate loss is very small compared to profit form ireka :). Furthermore, i may buyback GENM later to reverse back to profit..
51 comments:
Invest in Genting sp should be safe and have high growth potential. My wife has loaded more than half of her wealth in a bid to speed up wealth accumulation. Lets hope Genting casino open as schedule next yr.
Bought back all GENM at 2.78, realize instead intraday gain of few hundred. Remain short term trading of GENM. Sold also some Pintaras jaya at 1.42, realize some T+3 profit.
Core portfolio
OIB 59.8%
Pintaras Jaya 31.2%
Ireka: 28.1%
Cheetah: 8.1%
HingYiap 2.4%
Trading portfolio
GENM 62.6%
Sold out GENM at 2.80, realize one time loss, but offset by dividend. May repeat yesterday trading if GENM on weakness
Core portfolio
OIB 59.8%
Pintaras Jaya 31.2%
Ireka: 28.1%
Cheetah: 8.1%
HingYiap 2.4%
hng,
i think only tiny loss on your GENM when offseting the dividend of 3sen.
hng,
Can buy back GENM at 2.78 now for intraday... :)
Horse
I'm not buying back GENM for intraday profit, as market merely manage to rebound 2pts even most Asian market rally, signalling selling pressure still have not ease. I'm taking more caution stand now, and free up more margin for next bargain hunting.
This morning, bought first 20% stake of GENM at 2.76, using margin line.
Sold also some Ptaras at 1.42, and Ireka at 82sen, realize some paper profit (trim core stock to further free up more margin line, increase more bargain power)
Core portfolio
OIB 59.8%
Pintaras Jaya 27.6%
Ireka: 27.0%
Cheetah: 8.1%
HingYiap 2.4%
Trading portfolio
GENM 20%
what a coincident, i also got in at 2.76 this morning. :)
Bought another 20% stake of GENM at 2.74
Bought more at 2.74 as well.
Bought another 40% stake of GENM all at 2.74, hitting almost maximum portfolio...
Sold another portion of Ptaras at 1.42, and Ireka at 81-81.5sen, realize more paper profit.
Core portfolio
OIB 59.8%
Ireka: 23.8%
Pintaras Jaya 22.4%
Cheetah: 8.1%
HingYiap 2.4%
Trading portfolio
GENM 80%
hng,
wow, you keep selling Ptaras at 1.42, no chance for it go up... :)
Horse
I'm selling more pintaras, mainly to free up more margin line for bargain hunt. After annonucement of its dividend, pintaras share hardly go up, persumbably due to its long ex-date time, which will be only due in 3 month time. Hence, short term unlikely to move significantly.
I'm overweight on GENM now, loaded 80% margin line. Lets hope GENM share can perform :)
See how GENM fare tomorrow, will likely to load more if dip to 2.70 region. :)
i've loaded all in stock portfolio alrdy le, if GENM on weakness again, have to cut loss loh...:)
you can always adopt your sell and buy back on the same day to gain intraday instead. This is what you do best. :)
Wow, US market now down more than 100pts!?
Ha! sell first and buyback later should be good strategy for tomorrow trading on GENM.
hard to tell la, US up here down, US down here up.
Might be good for KLSE tomorrow.
Sold my GENM at 2.78 for T+1 profit. :)
Wow lah, wake up late...9.15!!! (yesterday, monioring US market till 3 am, !!)
Ha HA! Just sold off all GENM at 2.78.... realize handsome T+1 profit... yeah
you venture into US market now ??
No lah, just monitor US market which often have substantial influnence to Asia market (but my relatives all invest in US market, have reap more than 500% return ytd). Yesterday, seeing Dow dip from more than -100pts and swing back to just down less than -30pts
(stock rebound after surge in crude oil), only then manage to fall sleep, resulted unable to wake up in time (often wake up at 7.30am, but today at 9.15am.....
I think i've take too much risk on GENM using margin line, while this time manage to reward few k, but if reverse occur, i may also loss few k. With growing capital as well as margin line, I'm seriously thinking to limit my margin line exposure from 100% down to 50% of total capital or limit portfolio to less than 1m.
horse n hng,
genm n genting r really exciting ctrs.try to "tangkap" genting yesterday but didnt kena..instead kena genm.now the mother go up already..missed liao lau..sooner or later they will play up genm.there is something brewing here..hopefully the boss will extract out the cash from genm.then only we got picture lo.wht say u bros?
there is some positive sign in steel ctrs..my hiap tek going up...from the same family of producing flat steels ,watch up for csc steel .
Lofan
Are you currently holding any GEN and GENTING, at what entry price? for buy and hold or buy and sell strategy?
Both of these counters are on my radar screen, but are confine to short term trading. I'll trade on their weakness, and sell on strength for quick return.
No doubt both Genting and GENM are interesting counter, possess both high liquidity and volatility and yet both are strong in cash flow buiness and have high potential bluechip counter, especially when news related to regional casino or any capital management such as GENM declare special dividend; acquire rival etc.
Nonetheless, all these take time o materialize, and for intrinsic value to emerge and reflected in their share price. Currently, only one thing for certain is upcoming openning of Singapore casino in early next yr, offerring great catalyst (already invested in Singapore SP for buy and hold).
Lofan
Are you currently holding any GEN and GENTING, at what entry price? for buy and hold or buy and sell strategy?
Both of these counters are on my radar screen, but are confine to short term trading. I'll trade on their weakness, and sell on strength for quick return.
No doubt both Genting and GENM are interesting counter, possess both high liquidity and volatility and yet both are strong in cash flow buiness and have high potential bluechip counter, especially when news related to regional casino or any capital management such as GENM declare special dividend; acquire rival etc.
Nonetheless, all these take time o materialize, and for intrinsic value to emerge and reflected in their share price. Currently, only one thing for certain is upcoming openning of Singapore casino in early next yr, offerring great catalyst (already invested in Singapore SP for buy and hold).
Bought back half GENM at 2.75....
Ha! Sold off all GENM back at 2.77; realize additional few hundred profit :)
Sold also some OIB at 1.22-1.24 and all Hingyap at 97.5-98sen, realize paper profit first.
Core portfolio
OIB 55.2%
Ireka: 23.8%
Pintaras Jaya 22.4%
Cheetah: 8.1%
hng,
i go in n out for genm n genting but not as fast as u.for the time being i will let the boss to do the thinking/strategize on his babies n i will ride on him for the next 6 - 9mths. it doesnt mean i will hold them all the way.just see how it goes.nothing is permanent in ths world.lessons from dow jones have taught many ppl out there. LVS can come down all the way from US130 to US1.50.so do u think genting will go all the way up n stay at the top forever.i dont think so,bro. tht's why i really admire ur trading style.
Bought first 30% stake of GENM at 2.73
Bought maximum stake of GENM at 2.73, raising total stake to 90%...
hng,
i tot u want to reduce your exposure on margin line to 50% ??
haha, can't stand the temptation... :)
Horse
You're right, can't resist tempation to buy on weakness! too bad.... :(
Horse n Lofan
Any one go in GENM at 2.73 now? or q at lower price..
Most Asia market slump more than 1%, but Bursa still manage to hold above 1,200pts.
i'm queuing GENM at 2.72.... :)
Ha! good bargain.
This morning, my wife has further increase her Genting SP stake at $1.06-1.07. The strategy on Genting SP remain: buy and hold.
Bought GENM at 2.72.
Sold GENM at 2.74 for an intraday gain. :)
Horse
Congrat. and well done. :)
I've to keep GENM for a while as all GENM at cost 2.73 :(
Today also sold some OIB at 1.24-1.25, taking some paper profit first, but still likely to keep 50%stake for its dividend. OIB share has been steady on uptrend, due to upcoming 10sen dividend announcement. Expect Ireka also announce its dividend of 5sen soon, probably by today.
Core portfolio
OIB 50%
Ireka: 23.8%
Pintaras Jaya 22.4%
Cheetah: 8.1%
Trading portfolio
GENM 90%
Ireka just declare dividend of 5sen: 2.6sen less tax + 2.4sen tax exampt = 4.35 sen net; ex-date on 15/10/2009
no trading ..
Ha, just sold off all ireka at 84-88sen, realize all handsome paper profit in less than 15min. :D)
Sold half of GENM at 2.72, realize one time loss :(
hng,
congrats to u on the ireka.
congrat on ireka.
ireka still flying..
Lofan and horse
I've keep Ireka at average cost of 73sen; sold off at average price of 87sen, realize margin more than 18% net. Another core stock (OIB; avarage cost 1.09) may command even better profit margin once its dividend announce :)
Although, this morning sold half GENM stake at 2.72, realize one time loss, but the absoulate loss is very small compared to profit form ireka :). Furthermore, i may buyback GENM later to reverse back to profit..
Ireka share may still have potential higher, but sell once catalyst emerge is my investment plan.
Just lets other to profit ireka as well.
Just bought back all GENM at 2.70, realize few hundred intraday gain + increase further maximum additional 25% stake of GENM at 2.70
Maximum Portfolio
Core portfolio
OIB 50%
Pintaras Jaya 22.4%
Cheetah: 8.1%
Trading portfolio
GENM 90% (cost 2.73)
GENM 25% (cost 2.70)
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