Genting Singapore - Great Stock

Many people have asked me about Genting Singapore when it was launched. Recently I think this might be the hottest traded stock on the Singapore Exchange for the last few months.

In March during the Financial Crisis, it was as low as SGD0.32, which was very near its PAR Value of USD0.10.

In Sumary, its Historical high was recently at SGD1.21. Lowest was 0.32. Currently trading at 1.13 due to the Genting Right Issue.

Personally I think this is a great stocks if you have bought it below SGD0.80. at SGD1.21 you would have earn more than 50%.

There are reports that states that it will run up to SGD1.50, and some to SGD2.50 after it starts operating this year end /2010 Jan. Its a great stock to hold for long term. And minimum I would suggest you hold at least 10,000 Units of this stock at least.

Target Selling Price should be SGD2.50 or SGD3.00 for Long term, for the short term I think SGD1.50 should be a great selling price. As there are other counters to look at, like Golden Agri which is one of the most profitable Operating CPO Companies in Singapore.