Last:0.73    -0.005

GenSp starts to move up again

ok..... i think i get what you mean

so i guess depending on what type of trader/investor each of us belong to, each of us due to different time frames have different resistance and support levels

why is goldman sachs rate this counter this way ?

Its share price estimate was raised to $1.50 from $1.46 by Goldman Sachs Group Inc. The investment rating was left unchanged at “neutral.”

Tags: Cosco Corp. Singapore | Eagle Brand Holdings | Genting Singapore Plc | Goldman Sachs Group Inc | Keppel Corp. | Mercator Lines (Singapore) | Nam Cheong Dockyard

WRITTEN BY BLOOMBERG

MONDAY, 04 OCTOBER 2010 09:52

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Singapore’s Straits Times Index increased 0.3% to 3,140.41 as of 9:20 a.m., its second consecutive day of gains. Nearly three stocks rose for each that fell on the 30-member gauge. Shares on the measure trade at an average 15.4 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to data compiled by Bloomberg.The following shares are among the most active in the market.   Shipping companies: The Baltic Dry Index of commodity- shipping rates climbed 0.3% in London on Oct. 1, reversing a two-day decline. Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, gained 2.2% to $1.85. Mercator Lines Singapore (MRLN SP), an Indian bulk carrier, climbed 1.8% to 28 cents.   Genting Singapore Plc (GENS SP), owner of one of two casino resorts in the city-state, rose 1.5% to $2.03. Its share price estimate was raised to $1.50 from $1.46 by Goldman Sachs Group Inc. The investment rating was left unchanged at “neutral.”   Eagle Brand Holdings (EBH SP), the maker of ceramic tiles and sanitary-ware, jumped 6.7% to 8 cents. The company agreed to pay $472 million in stock to acquire Nam Cheong Dockyard and 50% of Nam Cheong Offshore.   The company will issue 94.4 billion new shares at 0.5 cents each to fund the acquisitions, Eagle Brand said.   Keppel Corp. (KEP SP), the world’s biggest oil-rig builder, rose 0.7% to $9.17. The stock was rated “buy” in new coverage at BNP Paribas, which advised people to invest in the company ahead of a “strong recovery” that may take place in the first half of 2011. The brokerage has a share-price estimate of $11.05, according to a report by Brenda Lee.

once again, correct me if i'm wrong......  there is one forummer here who said that he/she would not buy near the resistance, which i also agree...... but if everytime genting goes up is a resistance, then how to buy? i think the word "resistance" is mis-used here......

i am actually looking at 2.16 as the resistance....... because that is the price which genting fails to breakthrough and went down into a correction

3rd Q ended and now corporate one by one going to released report soon..... i think the short term correction is over. Genting should be heading to 2.18... Hope i am rite... :)

Are you holding your shares bought at 2.03?

Possible to play contra at his px?

Thx.

thanks, i will buy now.

maybe it will drop to 1.97, just my gut feel for correction to take place.