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Genting prior tax profit is 865mio and post tax profit is 529 mio. It shown 150 mio is due to profit attributed to ordinary shareholders. The rest goes to non-controlling interest which is preferred shareholders.
5 years ago, TNB was RM14+. Now it is 9.8x. Over years , TNB issued good dividend but lost price gain. Basically it is even. MBB is more steady. The stock price was adjusted due to DRP only.
The bolligan band upside is 2.054. If it oversold more than 5%, then we must be careful as it could be profit taking. If this is healthy organic growth, it should maintain atmost 1-5% breakthrough of the band.
I personally like this stock a lot but I cut losses. I will plan to buy in again when the bolligan trend line narrows and stabilise the variance within 5% for at least 1-2 weeks before buy in again. Please don’t rush to buy or average down.
