Latest news with #RM3.25
The Sun
4 days ago
- Business
- The Sun
Bursa Malaysia stays lower in mid-afternoon
KUALA LUMPUR: Bursa Malaysia stayed lower in mid-afternoon today as investors sold selected heavyweight stocks, led by industrial products and services, ahead of the weekend, analysts said. At 3.05 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) dipped 2.26 points to 1,515.86 from Thursday's close of 1,518.12. The benchmark index opened at 1,516.91, down 1.21 points. The broader market remained negative, with decliners outnumbering gainers 508 to 247. A total of 440 counters remained unchanged, 1,151 untraded and 20 suspended. Turnover stood at 1.31 billion units, valued at RM890.93 million. Malacca Securities Sdn Bhd said technically, the benchmark index's resistance is anticipated at around 1,533-1,538 and support at 1,498-1,503 today. Of the heavyweights, Petronas Chemicals lost 11 sen to RM3.25, Petronas Dagangan fell by 24 sen to RM20.90, and Press Metal Aluminium eased 4.0 sen to RM4.99. CelcomDigi slipped 3.0 sen to RM3.84, and CIMB was down 5.0 sen to RM6.82. Among the most active stocks, Tanco added 2.0 sen to RM1.02, MYEG eased half-a-sen to 92.5 sen, and Reservoir Link Energy was flat at 35.5 sen. Gamuda rose 2.0 sen to RM4.76, and Signature Alliance Group gained 1.5 sen to 71.5 sen. On the index board, the FBM Emas Index lost 14.80 points to 11,348.03, the FBMT 100 Index cut 11.16 points to 11,117.20, and the FBM ACE Index erased 25.64 points to 4,492.50. The FBM Emas Shariah Index gave up 20.09 points to 11,320.65, but the FBM 70 Index gained 5.11 points to 16,288.42. Sector-wise, the Financial Services Index reduced 30.79 points to 17,708.78, and the Industrial Products and Services Index was 1.25 points lower at 150.87. However, the Energy Index rose 8.80 points to 717.41 and the Plantation Index grew 29.15 points to 7,248.53.
Yahoo
31-03-2025
- Business
- Yahoo
What Is Genting Berhad's (KLSE:GENTING) Share Price Doing?
Genting Berhad (KLSE:GENTING), might not be a large cap stock, but it received a lot of attention from a substantial price movement on the KLSE over the last few months, increasing to RM3.91 at one point, and dropping to the lows of RM3.08. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Genting Berhad's current trading price of RM3.25 reflective of the actual value of the mid-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Genting Berhad's outlook and value based on the most recent financial data to see if there are any catalysts for a price change. Great news for investors – Genting Berhad is still trading at a fairly cheap price according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. we find that Genting Berhad's ratio of 14.17x is below its peer average of 23.27x, which indicates the stock is trading at a lower price compared to the Hospitality industry. Another thing to keep in mind is that Genting Berhad's share price is quite stable relative to the rest of the market, as indicated by its low beta. This means that if you believe the current share price should move towards its industry peers, a low beta could suggest it is not likely to reach that level anytime soon, and once it's there, it may be hard to fall back down into an attractive buying range again. See our latest analysis for Genting Berhad Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. With profit expected to more than double over the next couple of years, the future seems bright for Genting Berhad. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? Since GENTING is currently below the industry PE ratio, it may be a great time to accumulate more of your holdings in the stock. With an optimistic outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as financial health to consider, which could explain the current price multiple. Are you a potential investor? If you've been keeping an eye on GENTING for a while, now might be the time to enter the stock. Its buoyant future profit outlook isn't fully reflected in the current share price yet, which means it's not too late to buy GENTING. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed investment decision. If you want to dive deeper into Genting Berhad, you'd also look into what risks it is currently facing. Case in point: We've spotted 1 warning sign for Genting Berhad you should be aware of. If you are no longer interested in Genting Berhad, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
