Genting upgraded to 'buy' at Maybank
Genting Bhd, Southeast Asia’s largest publicly-traded casino operator, was upgraded to “buy” from “hold” at Maybank Investment Bank Bhd on optimism its Resorts World Sentosa project in Singapore “will pull in the crowds” and boost its earnings.
Maybank also raised the company’s share price estimate to RM8.85 from RM7.08. -- Bloomberg
Upgrade from hold to buy from RM7.08 to RM8.85. Just get the different between the two prices (8.85 – 7.08), a RM1.77 upgraded and is 25% increase in price. What does this mean ?
It means GSP/Resorts World Sentosa can boost Genting earning by 25% assuming RM7.08 is fully value price. Wow !!
15 comments:
sold some BsdREITs at 1.37; bought more IOIcorp at 5.19
Market in positive territory again, hopefully this time market is really rebound.
horse
Congrat, your Genting SP is in money now. Well done, good entry price at good timing deserve great reward :)
hng,
Place sell GSP at 1.10, hope can get T+1 contra. :)
horse
Good bids, aim for good profit margin and quick profit :)
This morning, manage to make intraday contra gain on Genting, sold at average 7.07, bought back all at 7.01. Sold off all GENM, realize marginal gain, sold some bsdREITs at 1.37, realize paper protfit, swap all margin line to IOI corp, bought at 5.19-5.21.
Regional market all rally, all up more than 1%, local market seem still under correction mode. However, CIMB, PBBank and Genting are all manage to rebound little but still need to wait for more meaningful upside.
Update half day portfolio
REITs stocks
1. ARREITs 27.4%
2. BsdREITS 23.1%
5. TowerREITs 18%
Trading stock
1 Genting 81.7% (aver: 7.02)
2 IGB 60% (aver: 1.835)
3 IOI crop 22.8% (aver: 5.20)
4. CIMB 8.5% (12.72)
5. PBBank 8.3% (11.68)
Sold off all PBBank at 11.76, reaslize marginal transaction cost loss.
Sold more ARREITs at 87-87.5sen, and bsdREITs at 1.37, realize more paper profit
bought back all GENM at 2.82, and bought more IOI corp at 5.18
Market still unable to turnaround, closed down more than 1pts, despite regional and European on rally mood!? Perhaps its nature that Local market always laggard behind. Nevertheless, portfolio keep swap REITs share to bash down IOI corp, in hope market due to rebound
Update Portfolio
REITs stocks
1. TowerREITs 18%
2. ARREITs 14.7%
3. BsdREITS 10.5%
Trading stock
1 Genting 81.7% (aver: 7.02)
2 IGB 60% (aver: 1.835)
3 IOI crop 34.2% (aver: 5.20)
4. GENM 22%
4. CIMB 8.5%
yesterday sold my Qcapita at 1.05.
mkt drop 9 points, CNY rally over. :(
Wait sideline, lets the storm over...
Lesson leart:
1) Never catch the falling knife:(
2) wait more second for the dust to settle itself first ...
Advise
a) Be patient and wait for stock to reach its hard bottom support...
b) Divert attention to do something else, reading book is just fine to cool down emotion
sometime is hard, it may be just a temporary set back, so if u don;t catch u might miss the chance of profiting it.
DOn;t catch the falling knife is just meant for big big swings in the big picture for a long period of time. i would say cash allocation management if very important here, we should have a allocation plan to weather the storm by staging our cash in multiple entry points so that at every entry there is possible of making money there.
This is just the beginning, need to see further to confirm whether there will be a big drop ahead else would still be positive for the 1H of 2010.
Decided to buy more Genting SP at $ 1.03-1.04 using margin line, to further average down holding cost.
With today used up all available margin line to buy Genting SP at $1.03-1.04, both Portfolio in Msia and Singapore already fully invested
Msia Portfolio up to 250% (150% margin line) ultramaximum, while singapore portfolio up to 200% (100% margin line, all in for Genting SP at average cost now at $1.09).
All can be done now is wait and lets market settle down, while free up some time to monitor current renovation work on my newly purchase home to ensure all is ready for move in condition by next week :)
So fast can move in already...?
Congrat & all d best to your new home. Wish you "smooth wind smooth water". :)
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