$GENM (4715.BMS)$ Driven by a significant increase in the number of visitors, Genting Malaysia Limited (GENM) expects an improvement in quarterly results for the second quarter of 2024. Driven by strong travel data, the company's Malaysian business is expected to grow quarter-on-quarter and year-over-year. According to recent data, Malaysia received 6 million visitors in the second quarter of 2024, an increase of 26% over the same period last year, and an increase of 3% over the previous quarter. This increase includes a marked rebound in Chinese tourists, which reached 0.69 million compared to 0.32 million in the fourth quarter of 2023. Additionally, the number of visitors from Singapore, Indonesia, and India increased by 10%, 25%, and 87%, respectively.
Analysts emphasized that GENM is a preferred investment option for those seeking to profit from the rebound in the tourism industry, and gave it an incremental rating. With a current price-earnings ratio of 13.0 times and a dividend yield of around 6-7%, GENM's valuation is considered attractive. Analysts expect improved economic activity and continued recovery in the tourism industry to continue to support GENM's earnings growth throughout FY24. The company's business in the US also showed positive signs, with total gaming revenue up 3.1% year over year in the latest quarter.
The Malaysian economy is expected to be in a position to continue growing throughout the rest of 2024. The government's initiatives include cash disbursements to low-income families and from 2025...

$GENM (4715.BMS)$ invest into this stock need patient.....hope it will break RM 3 by end of the year. otherwise just patiently collecting dividend. average above 5% p.a.. actually is not that bad

$PCHEM (5183.BMS)$
Hey guys, seems like Pchem manage to stay above 5.41 support and are currently heading higher. It will be great it next week can break above 5.93. If so then, then the next TP would be around 6.69 area which i would prefer to take some profit. Bear in mind this is blue chip stock and will take longer time to hit TP. However if cannot break above 5.93 then it will sideway

$DBS Group Holdings (D05.SG)$
DBS seems weak. It already broke the uptrend, also broke 20EMA support, the next one is 60EMA(around S$31.6), see if it could hold it. If it could hold, we could expect a consolidation or potentially reversal depends on Macro(rate cut, or potentially easing again).
Unfortunately we’re unable to short it.

$DBS Group Holdings (D05.SG)$It shows an island reversal on daily, don’t catch the falling knife now.

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