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Friday, September 24, 2010

Genting Singapore - what I wrote on 22nd December 2009

Posted 22 December 2009 - 10:55 AM
The nature of uncertainty means there is apprehension to buy in until the resort is opened, and customers and cashiers are ringing the bling.

While the recent Dubai World situation keeps people back on alert of sudden fall, Genting is one stable growth company that is all geared for it's future in Singapore - the central place that links all in. And with clean clear cut laws and taxes, and virtually the lowest corruption in Asia, Genting is betting itself on itself here - instead of its flagship in Malaysia.

My very fair estimates are $1.35 that is 20 cents gain (17%) on current prices. Those who've bought way back in during my earlier recommendation, should hold on further again. If you've done the wave-riding technique, you might have sold at $1.20 last week, and could have bought back again today at $1.17 assuming 3 cent brokerage, you've virtually lock in on your previous 30% gains. Congrats! 

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