Genting Singapore: Range Bound for Now BUT…..

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Genting Singapore is currently trading in a Rectangle Range between $1.40 and $1.32. However, technically Genting Singapore is in a bearish region where the stock price is currently trading below 20D, 50D and 200D SMA. Base on current chart pattern, upside is very limited as there are many strong resistances at $1.35 (20D/50D SMA), $1.40 (Rectangle Resistance) and $1.42 (200D SMA). Watch out for the Rectangle breakout with next support at $1.20.

Fundamentally Genting Singapore is over value base on PE ratio and PEG ratio. There is also no catalysts to favor the bull for this stock at the moment.

Original Post by Marubozu https://mystocksinvesting.com

2013Sept6-GENTING SINGAPORE PLC-800x600

Key Statistics for GENS

Current P/E Ratio (ttm) 32.6406
Estimated P/E(12/2013) 26.1765
Relative P/E vs. FSSTI 2.6190
Earnings Per Share (SGD) (ttm) 0.0409
Est. EPS (SGD) (12/2013) 0.0510
Est. PEG Ratio 1.9390
Market Cap (M SGD) 16,321.13
Shares Outstanding (M) 12,225.56
30 Day Average Volume 20,145,130
Price/Book (mrq) 2.3835
Price/Sale (ttm) 5.7399
Dividend Indicated Gross Yield 0.75%
Cash Dividend (SGD) 0.0100
Last Dividend 05/08/2013
5 Year Dividend Growth
Next Earnings Announcement 11/12/2013
Continue ReadingGenting Singapore: Range Bound for Now BUT…..

Genting Singapore: Continue the Up Trend

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Genting Singapore rebounded nicely from the 20D SMA support and continue the uptrend in the channel. So far 20D SMA proved to be a good support. 2/5 EMA still on bullish signal on both daily and weekly chart. Expect Genting Singapore to reach $1.63 (previous high) followed by all Fibonacci Retracement levels. Alternate scenario: uptrend will be broken if Genting Singapore trades below $1.50.

Continue ReadingGenting Singapore: Continue the Up Trend