GENS-C8 and GENS-CC dived after briefly raise a few cents when Genting Singapore's 2011's 1st quarter result being announced. Instead of moving higher, the share had just upped RM0.005 as at of today, 16th May 2011.
The performance of Resort World Sentosa having a much better result than Marina Bay Sands (MBS) doesn't lift it's stock higher. With MBS sinking 10% after their announcement, maybe Genting Singapore should felt relieve to be able to stay above it's last price before announcement instead of diving.
As for KLSE888 portfolio, a dilemma sets in:
- Is GENS-C8 and GENS-CC a good pick
- What's KLSE888 portfolio's next step: sell now to avoid potential further loss and scout for a new replacement, OR hold it till it finds a new promising stock to swap to?
As at of the price now (GENS-C8 at RM0.195 last done price, with buy queue at RM0.185, and GENS-CC at RM0.195 with buy queue at the same price), KLSE888 portfolio seems to suffer a paper loss of around RM800 (-13%, portfolio stands at RM5,300).
While KLSE888 portfolio still have a surplus of RM300 (6%) since it's inception of RM5000, what shall be its next move to ensure it achieve its goal of 50% return in 6 months (now into the 3rd month)?
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