Genting SP hits S$1.50! Congrats to Everyone! I am looking at Informatics today.
Posted by admin in Market Analysis, Stock PickGood Morning,
Once again, Genting had not failed me and created new high in its share prices under the new business model. This company truely have alot more room to go. I mentioned in past previews that as long as the Singapore economy continue to recover, this stock is worth at least S$2.20-S$2.50 in potential earnings. Of course, this figure is highly based on whether the STI can recover to 3600-3900 level, back to 2007′s high. But since the STI is still hovering around the 2950 mark and yet this share is already trading at $1.50… so its rather fair to say that it will hit $2.20 when the STI recovers back to 2007′s high, right?
But $1.50 is the mark that I set for this round and I am happy that it have been triggered. I have suggest to some of my friends to book partial profit on this counter on strength. Of course, maybe it will continue to march higher but I think at this level, its good enough to book some profit and reward a nice meal with family or even a LV bag (depend on your earnings) to pamper yourself.
For today, I am looking at a share that I called for profit taking recently after its ferious climb recently.
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