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It is an indicator use for trader to see whether the share price is in overbought and oversold position. Definitely it is not as always correct and sometime it can remain long below RSI 30 before rebound too. You can check back in March 18 a lot of shares are fell below RSI 30 and then rebound. Normally need to use few indicators to determine the share price direction. RSI is only one of it. Thanks
Currently still around 30. It will change according to trading activities and price movement, wait till it touch 20 or below if got chance will let you know. Thanks
no need indicator, the general environment is not favourable for genting business, plus super top management make stupid selfish decision. might go bankrupt if covid lengthen.
I will not debating on thing without justification or facts. Every individual have its right comments and view which I can't say c ng is wrong but time and facts will tell us. Just hope to see some improvement on Qtr 3 results that out next month. For me is always information sharing. Same goes for my comments on Airport this morning. Thanks
no problem Kyory, thumb up for your sharing. every person came from different backgrounds, culture, knowledge, intelligence, emotional, that's why trading always successful. long term is weighting machine.
Just get to known from Annual Report that Genting have signicant investments in online gaming in 2019 with Genting Bet and acquisition of Authentic Gaming Limited an online gaming specialist aim to expand offering by bringing together offline and online gaming.
as of June 2020 Genting Malaysia Berhad had RM11.4b of debt, RM6.49b in cash leading to net debt of about RM4.93b. (source:simplywall.st)
genhk RM8.4BIL IN DEBT, lkt already pledged 32% of his shares in Genting Group as collateral (source: cilisos.my)
After investing RM1.5b in Empire, GenM seen likely to pump in more (source: theedgemarkets)
-empire is endless money pit for the next 5yrs.
-highest board remuneration when company in trouble.
-without foreign big rollers genting wont recover.
compare to march, covid got worse, if continue for two yrs, borders close, no big rollers come in, ltk keeps sailang to save empire, pay dividend when company making loss, handsome board remuneration, sure bankrupt la.
