Journey of a Kampung Investor in search of financial freedom
As you all know, i have invested into SCOMIMR (7045) and SCOMI-LA (7158-LA). I have personally 15000 shares of SCOMIMR and 30000 shares of SCOMI-LA.
I have also written a post on SCOMIMR - Will it be bleeding love for me? It turned out to be yes, it’s bleeding love currently..
One of my friends called me asking me, what happen to Genting SP? He also asked me whether i have sold any of my Genting SP shares? I guess he is quite worried with the current price drop of Genting SP! From $1.30 high to around $0.90..
Reasons why Genting SP is falling
I have written a short post on the reasons why Genting SP is falling.
What will i do with my Genting SP shares?
Genting Singapore (Genting SP), the subsidiary of Genting Berhad, Asia’s largest publicly traded casino operator received their casino license from the Singapore government. This will allow Genting SP to tap the holiday crowd.
After a long lay off from purchasing any shares, i made a decision to buy in on GOPENG (2135) which is listen on the main board. Gopeng is involved in the industrial products sector.
Once again i picked my stocks according to those simple fundamental understanding about the company.
MY E.G. Services Bhd or in short, MYEG (0138) is listed at the main board of Bursa Malaysia under the trading & services sector. MYEG was listed in the Mesdaq Market before being transfered to the main board.
Basically, MYEG is a company that provides services for government transactions to be done online through the Electronic Government (E-Government) Initiatives. MYEG also helps in delivering improvements in the government internal operations and in the delivery of services to customers.
I guess most of Genting Singapore PLC (Genting SP) investors must be very jittery with the current situation on Genting SP. Many will be wondering how come Genting SP is being pounded this two days?
The main reason for the fall for Genting SP is very simple. Genting SP is doing a mandatory conversion of bonds into shares.
SUCCESS (7207) is listed on the main board under industrial products. SUCCESS in full is Success Transformer Corporation Berhad. SUCCESS is the largest low-voltage transformer and industrial lighting manufacturers in Malaysia.
If you want to invest in PENTA, i would rather put my money on SUCCESS rather then PENTA. I made a post on PENTA - You are asking for trouble!
Why SUCCESS? The reasons are fairly simple.
PENTA (7160) is listed on the main board under technology sector. PENTA is the short form for Pentamaster Corporation Berhad. PENTA provides advance manufacturing automation solutions and services.
Of late PENTA has been in the spotlight. Heavy buying and selling on this counter making it one of the most active counters in Bursa Malaysia.
I made an earlier post on the profile of SCOMI-LA (7158LA) for some simple understanding on what does the loan stock of SCOMI-LA is all about.
Anyway, i have invested 30000 shares of SCOMI-LA at the price of RM0.12 and will be hunting for more if the price is right. 30000 shares of SCOMI-LA does not cost much as it’s only around RM 3600++
Received an email from my remisier about first phase of Sentoso IR that will open next week. Minister mentor Lee Kuan Yew also paid a visit together with Tan Sri Lim Kok Thay to the casino at Resorts World Sentosa.
The first phase of the casino will be opened on Jan 20th and seems to be in good hands.
Minister mentor Lee Kuan Yew toured the Universal studios, four theme parks and some of its hotels together with the Water World amphitheater.
Isn’t this good news for Genting SP? That’s why i am still holding my Genting SP tight tight and not letting it go what so ever.
To all Genting SP holders, fasten your seat belts for the grand opening. You will never be wrong in investing in Genting SP for medium to long term. ^^
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I invested on Keladi Maju Berhad (6769) i think 1 plus year already. If i am not mistaken my average price for this stock is around 0.18 and i have sold all 50000 shares at 0.165 on this property counter.
About a week ago, i made a post on CITIBANK - Is this another chance to average down on CITIGROUP? Guess what, i take it on the chance where i manage to slightly lower down my average on my Citibank.
GENTING SP has been moving up steadily of late. As per today (28/12/2009), it closed at $ 1.24 at one of the highest point it has ever reached.
I was kind of surprised with Genting SP movement of late and i asked my broker at DMG on what’s the reason of Genting SP movement of late. She told me that there were rumors that Genting SP will be getting the license to open their casino very soon.
