GENTING - Recent Analysis
12-Sept-06
Genting Bhd's share price closed 60 sen lower to RM24.40 on Sept 12 as investors perceived its subsidiary, Genting International plc's proposed acquisition of UK-based Stanley Leisure for RM4.36 billion cash offer as too high.
28-Jun-06
GENTING, a major shareholder in British companies Stanley Leisure Plc and London Clubs International, was among the top gainers Tuesday after reports that the British groups were in merger talks. The counter added 20 sen to RM23.40. An analyst said the merger, if materialised, would benefit Genting because the new entity would have good prospects at clinching regional casino projects.
30-May-06
Genting was Monday's top loser, shedding 60 sen, or 2.45%, to RM23, on volume of 872,700 shares. A dealer said the drop was due to the soft market yesterday. Last week, Singapore picked Las Vegas Sands Corp to build the first of two casinos in the island state. Although Genting failed in its bid, analysts expect the group to have a better shot at clinching the second casino resort project on Sentosa Island. The dealer added that Genting's share price should pick up when it got closer to the bid outcome for the second casino.
29-Apr-06
Genting: THE stock staged a remarkable rebound yesterday, gaining RM1.20, or 4.94%, to close at RM25.50. An analyst said investors snapped up Genting shares on bargain-hunting because the gaming stock had been depressed the whole week. Singapore was expected to announce the winning bid to develop the Marina Bay integrated resort in June, he said, adding that Genting was considered a dark horse for the project. “There is still some upside potential for Genting regardless of news from Singapore,” he said.
07-Mar-06
THIS gaming stock was locked within a narrow range after peaking at RM24.20 last Tuesday, the highest since March 7, 1996. Technically, the flat to marginally easier trending of the moving average convergence/divergence against the signal line and the falling stochastic from the overbought area suggest that Genting shares may extend their consolidation for a moment, unless the recent peak is cleared successfully. Firm support is seen at RM23.30.
Genting Bhd's share price closed 60 sen lower to RM24.40 on Sept 12 as investors perceived its subsidiary, Genting International plc's proposed acquisition of UK-based Stanley Leisure for RM4.36 billion cash offer as too high.
28-Jun-06
GENTING, a major shareholder in British companies Stanley Leisure Plc and London Clubs International, was among the top gainers Tuesday after reports that the British groups were in merger talks. The counter added 20 sen to RM23.40. An analyst said the merger, if materialised, would benefit Genting because the new entity would have good prospects at clinching regional casino projects.
30-May-06
Genting was Monday's top loser, shedding 60 sen, or 2.45%, to RM23, on volume of 872,700 shares. A dealer said the drop was due to the soft market yesterday. Last week, Singapore picked Las Vegas Sands Corp to build the first of two casinos in the island state. Although Genting failed in its bid, analysts expect the group to have a better shot at clinching the second casino resort project on Sentosa Island. The dealer added that Genting's share price should pick up when it got closer to the bid outcome for the second casino.
29-Apr-06
Genting: THE stock staged a remarkable rebound yesterday, gaining RM1.20, or 4.94%, to close at RM25.50. An analyst said investors snapped up Genting shares on bargain-hunting because the gaming stock had been depressed the whole week. Singapore was expected to announce the winning bid to develop the Marina Bay integrated resort in June, he said, adding that Genting was considered a dark horse for the project. “There is still some upside potential for Genting regardless of news from Singapore,” he said.
07-Mar-06
THIS gaming stock was locked within a narrow range after peaking at RM24.20 last Tuesday, the highest since March 7, 1996. Technically, the flat to marginally easier trending of the moving average convergence/divergence against the signal line and the falling stochastic from the overbought area suggest that Genting shares may extend their consolidation for a moment, unless the recent peak is cleared successfully. Firm support is seen at RM23.30.
posted by Ho Sang @ 2:46 PM
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