| Latest Forum Topics / Genting Sing Last:0.615 -- |
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Genting SP Next Move
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pursuer76
Veteran |
25-Jun-2024 16:15
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Have they reply to you?
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pursuer76
Veteran |
25-Jun-2024 16:14
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Instead of using SBB to push up price, I would rather they use the $$$ to give higher dividend. It' s a wiser way. I don' t believe the mgt doesn' t look at their own pathetic share price and oblivious of what caused it. I am vested hoping they will give higher dividend in the upcoming results announcement.
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rocksolid
Member |
25-Jun-2024 16:13
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Guys, when you write emails ([email protected]) to them, do tell them that its share price is being attacked by short-sellers so that management is made aware of this matter. I have written emails to them already. But just me alone is insufficient. If there are a significant number of shareholders writing to them, I'm sure it will have an effect on its management!
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rocksolid
Member |
25-Jun-2024 16:05
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Genting Singapore has a huge cash pile of SGD 3.6 BILLION dollars. The returns ie interest income generated from this cash pile will similarly be huge.
To answer your question why its share price is not moving up, there are three reasons:
1) Dividend payout already mentioned
2) Company share buyback not active
3) SGX short-sell data does indicate short-selling activities. But this is good because when the tide turns and the short-sellers are forced to cover, it will drive up the share price.
One way to perhaps let its management hear you about increasing Dividend payout and or share buyback is to write to them. Their email is [email protected]
The more shareholders write to them, I believe will have some effect on its management.
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pursuer76
Veteran |
25-Jun-2024 15:52
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No other I can think of. The Q1 results surpass YOY by 90+%. It' s an impressive results yet the price plummets when they declared only 2 cents dividend. Go and think what other reasons can it be.
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Mark001
Veteran |
25-Jun-2024 15:33
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Does anyone know if there are any reason other han dividends?
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Winnertakeall
Elite |
25-Jun-2024 14:30
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Daily Short sell data from SGX One of the Heavily shortsell counter in SGX  Usually would prevent its share prices from moving up.  24/6/2024 :   5,617,300 21/6/2024 : 10,081,100 20/6/2024 :   8,568,101 19/6/2024 :   9.465,000 18/8/2024 : 12,662,200 14/6/2024 : 15,870,200 13/6/2024 :   7,614,100 12/6/2024 :   9,627,100 11/6/2024 : 18,421,700   |
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pursuer76
Veteran |
25-Jun-2024 10:27
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Even if the results is superb, as long as they continue to give meagre dividend, the price will keep falling. The latest results is a clear indication. I assume at least 0.25 cents to propel the price coupled with good results. YZJSB is an example. Increase dividend by 0.15 cents coupled with good results. Price rose from $1.70 to over $2.40 within a short span of period. | ||||
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MoneyFish
Member |
25-Jun-2024 10:19
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Are u able buy and hold until August? Bottom support may be 0.84 | ||||
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pursuer76
Veteran |
25-Jun-2024 09:38
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Like I said before, unless Genting mgt dishes out higher dividend, it' s gonna be hard for price to move back to $1 range. The price is a message to the mgt. | ||||
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Aceking
Member |
25-Jun-2024 09:26
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Everyday drop...no sign of reversal....all the stupid reviews asking to buy buy buy, but hopeless share just drop non stop... | ||||
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n3wbie
Elite |
19-Jun-2024 23:36
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Thanks for flagging - havent realized that shorts are in excess of 40% on the stock. It is at 45% today too. Wonder if that is a function of the triple witching this Fri? Hopefully the 1H results in Aug would be strong and there is a div bump
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rocksolid
Member |
19-Jun-2024 16:03
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At this current price, I will buy and load up SGD $1 million worth of shares. Let me know if you guys need proof, I will post & screenshot my purchase here.  
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rocksolid
Member |
19-Jun-2024 15:58
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Guys, the daily SGX short-sell report yesterday showed that out of Genting Sg' s total volume traded, 43% of it was attributed to short-selling. Last week short-sell data you guys can check it out yourselves. As we all know, share price will eventually reflect the business itself (think of it as a private business owner), this is actually a good thing. Because when the short-sellers cover their position, it will inevitably drive up the share price. No need to sell, just hold and wait for the shorties to do the work for us eventually.
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Eagle88
Supreme |
18-Jun-2024 14:24
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Singapore is a country with premium for Singapore Genting to spread its wings to all other countries. No body knows whether Genting Malaysia casino licence will be renewed every 3 months. So there is uncertainty for Genting Malaysia all the times. Make money while still can but not to put all the eggs into one basket. Genting Singapore has far more potential to be located here than any other places. 
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alanchee
Senior |
15-Jun-2024 20:07
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So long as main co doesn't close shop and spore co continue to make big profit, it will be safe
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bernardc
Elite |
15-Jun-2024 12:03
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The Genting Group is headquartered in Wisma Genting in Kuala Lumpur, Malaysia.[9] The Group comprises the holding company Genting Berhad (MYX: 3182), its listed subsidiaries Genting Malaysia Berhad (MYX: 4715), Genting Plantations Berhad (MYX: 2291), Genting Singapore Plc (SGX: G13 ), as well as its wholly owned subsidiary Genting Energy Limited.[10][11]
Mother coy in trouble..so don't expect anything good this year
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n3wbie
Elite |
14-Jun-2024 22:06
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This belongs to Genting Bhd and not related to Genting Singapore
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Aceking
Member |
14-Jun-2024 18:42
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This Genting...so many bad news and luck this year... Genting Highland big fire now | ||||
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Winnertakeall
Elite |
14-Jun-2024 16:22
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Genting SG @ $0.87 Heavily shortsell counter in SGX but cannot last long. Must have power to hold. |
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