Genting Share Price Attractive ? Potential To Hit RM 3.00 ?

This morning the share market movement can be consider very quiet with nothing for us to comments or to write about. I have been thinking whether the effect of this financial crisis will drag on until end of the year ? If we want to take this and consider the ongoing current financial news, the crisis will drag on until next year.

Many of us like the other financial bloggers are expecting that the current situation in the KL Composite Index will not hold very long. Some of us are expecting the KL Composite Index will breaks the 800 points level and is going for about 550 - 650 level.

Taken this into consideration, the Malaysian share market still have more rooms to go down further with some of the blue chips counter will see some bargain hunting in their prices. This only will happen if the KL Composite Index breaks the 800 points level but currently the index is still holding quite well.

Genting Berhad share price is deteriorating. This counter has been experiencing some selling activity lately. It had recently broken it previous low recorded last year at RM 3.58. Compare to its high of about RM 8.50 until now, it is quite an attractive prices but if the KL Composite Index have the potential go even lower, I would not be surprised if Genting share price breaks the RM 3.00 level.