Why Genting Share Price Drop

Market metrics shares declined to rm8 45 lower than any close since july 9 from rm8 62 in the previous session. The company through its subsidiaries is engaged in the development and operation of integrated resort operation of casinos provision of sales and marketing support services to leisure and hospitality related businesses and investments. Genting sing g13 si remain under pressure and we could see a further drop below our key resistance level here.

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Since hitting an 11 year low price of s 0 51 per share on 19 march the parent company of resorts world at sentosa has seen its stock value skyrocket roughly 47.

Why genting share price drop. The report cited a number of reasons including genting singapore s attractive valuation relative to regional gaming peers strong medium long term growth prospects underpinned by the expansion of resorts world sentosa rws and its potential entry into. Share price of leisure and hospitality group genting singapore has been steadily rising for the last one month despite the fast growing number of coronavirus cases in the country. The leisure hospitality segment operates numerous resorts. Plantation power property oil gas and investments other.

The ftse bursa malaysia klci index kuala lumpur composite index lost 0 2. Genting singapore plc is an investment holding company. Trading volume was 2 percent more than the 20 day average. Genting bhd shares fell 2 percent more than any full day drop since june 12 as malaysia s benchmark index declined.

Reasons of genting share price dropping. Kuala lumpur sept 3. The company s primary business segment is leisure hospitality but the business has several smaller segments. Genting singapore limited g13 si general genting singapore limited g13 si share price genting singapore limited g13 si target price genting singapore limited g13 si analysts say genting singapore limited g13 si corporate actions genting singapore limited g13 si announcements genting singapore limited g13 si news genting singapore limited g13 si bloggers say.

Genting is a diversified holdings company primarily operating in the resorts and casinos industry. Shares of genting singapore slumped to their lowest since may 2010 on feb 25 2015 after the casino operator reported a 30 per cent drop in fourth quarter profit hurt by poor performance in its. Genting singapore is tipped to recover in h2 2020 following the weaker 2019 profits it posted according to a note by dbs group research. The drop in share price of both companies came a day after genting malaysia confirmed its purchase of the controversial equanimity superyacht formerly owned by fugitive businessman low taek jho.

Check on the statistics you can see genting share now is 3 78 only. Same like roller coaster game you play in genting theme park. I feel curious and cannot find any reason why genting share price drop so much if compared to other stock. The overall market risk sentiment seems to be bearish for today with most stocks erasing gains.

Sometimes you re on top and then go down hill very fast.