No Genm. largest tax payer .... Msia will Bankrupt ..all civil servants no pay incl PAS ! think think ....

22,142.18 +941.63 (4.44%)

Enuff said ....time to break rm2 on FRYDAY

Most counters likely cant recover overtime after a huge drop ...make your bet wisely..dun follow blindly ..

Most counters likely cant recover overtime after a huge drop ...make your bet wisely..dun follow blindly ..

Most counters unlike Genm cant recover overtime after a huge drop ...make your bet wisely..dun follow blindly ..

China Will Lift Lockdown On Wuhan April 8th

Coronavirus watch update, March 26 – Italy’s new COVID-19 cases drop as daily death toll fluctuating.....has the drop means anything ?

Singapore Airlines expected to receive support from Temasek Holdings amid Covid-19 outbreak

Who will BAIL AA out ? Khazanah or TF ....neither

25-Mar-2020 Insider GENTING MALAYSIA BHD cancelled 11,438,626 shares on 25-Mar-2020.
25-Mar-2020 Insider MR LIM KEONG HUI (a substantial shareholder) acquired 719,480 shares on 25-Mar-2020.
25-Mar-2020 Insider TAN SRI LIM KOK THAY (a substantial shareholder) acquired 4,969,896 shares on 25-Mar-2020.
25-Mar-2020 Insider MR LIM KEONG HUI (a company director) acquired 558,400 shares on 25-Mar-2020.
25-Mar-2020 Insider MR LIM KEONG HUI (a company director) acquired 60,000 shares on 25-Mar-2020.
25-Mar-2020 Insider MR LIM KEONG HUI (a company director) acquired 53,600 shares on 25-Mar-2020.
25-Mar-2020 Insider MR LIM KEONG HUI (a company director) acquired 47,480 shares on 25-Mar-2020.
25-Mar-2020 Insider DATO' SRI LEE CHOONG YAN (a company director) acquired 490,400 shares on 25-Mar-2020.
25-Mar-2020 Insider DATO' SRI LEE CHOONG YAN (a company director) acquired 258,700 shares on 25-Mar-2020.
25-Mar-2020 Insider DATO' SRI LEE CHOONG YAN (a company director) acquired 239,700 shares on 25-Mar-2020.
25-Mar-2020 Insider DATO' SRI LEE CHOONG YAN (a company director) acquired 204,880 shares on 25-Mar-2020.
25-Mar-2020 Insider TAN SRI LIM KOK THAY (a company director) acquired 2,447,100 shares on 25-Mar-2020.
25-Mar-2020 Insider TAN SRI LIM KOK THAY (a company director) acquired 1,637,300 shares on 25-Mar-2020.
25-Mar-2020 Insider TAN SRI LIM KOK THAY (a company director) acquired 494,225 shares on 25-Mar-2020.
25-Mar-2020 Insider TAN SRI LIM KOK THAY (a company director) acquired 391,271 shares on 25-Mar-2020.

BUY ON PANIC AND HOLD ....

There are plenty of Cash ready to come into this market from recent sell off waiting to storm the market once vaccine is announced . Even Genm treasury has been buying En Bloc at avg 1.90 from the open market. Holding power is important during these time. High dividen yield and special div of avg 0.25cts per year ...expect to hold 8 years to fully recovered your capital irregardless of market conditions . Genm will pull thru this even make it better and stronger in the future .

the house always WINS ....even during shutdown...hv u bought your tickets yet b4 the V rebound ?

Genting Bhd,
a conglomerate that has three
public-listed companies under
its belt with businesses in casi-
no, plantations, and oil & gas, is
now being valued the same as its
49.5%-owned subsidiary, Genting
Malaysia Bhd (GenM).
Genting’s market capitalisa-
tion has shrunk to RM11.94 bil-
lion based on yesterday’s closing
price of RM3.10, compared with
GenM’s market capitalisation of
RM11.96 billion. Indeed, GenM,
which owns casinos in Malaysia,
Britain and the US, has won its
parent by a nose, RM30 million.
Th e selldown on Genting has
been stronger than on GenM as
refl ected on the magnitude of the
fall on the two stocks.
Genting plunged 48% since
the start of the year to close at
RM3.10 yesterday, the lowest lev-
el since April 2009, from RM5.92
end-2019, some RM11.36 billion
market capitalisation has been
wiped off . Th e conglomerate was
traded at RM9-level in early 2018.
Meanwhile, GenM has fallen
33% year to date to RM2.12 from
RM3.18 as at end-2019.
Th e big drop on share prices
have, however, made the duo’s
dividend yield appealing. GenM’s
12-month yield is at 9.43%, while
Genting at 7.1% yield,

.GenM, which has temporarily
shut down its operations in New
York and Malaysia due to the Cov-
id-19 outbreak, explained that
the equity injection would ena-
ble Empire to continue to focus
on strengthening RWC’s operat-
ing performance to realise its full
potential.
“The equity injection would
enable Empire to have funds for
refi nancing and provide addition-
al funds for its working capital, if
deemed required in view of the re-
cently announced temporary clo-
sure of Resorts World Catskills by
the authorities due the Covid-19
pandemic,” said GenM.
“Since its opening in February
2018, RWC’s operations have con-
tinued to improve. RWC registered
a 48% year-on-year growth in total
gross gaming revenue (GGR) to
US$208.7 million from US$140.6
million.
“Strategic eff orts that capitalise
on synergies with Resorts World
Casino New York City have gen-
erated positive results for RWC
with continuing GGR growth of
31% for the fi rst two months of the
fi nancial year ending Dec 31, 2020
compared with the corresponding
period in 2019,” it added.
GenM’s share price plummeted
to a near 10-year low of RM1.91,
valuing it at RM10.77 billion. It
has skidded 51% from its one-year
peak of RM3.90 since July 2019

A friend in need is a friend indeed

Th e biggest chunk of Lim’s loss-
es — some RM4.03 billion — came
from his 44.62% stake in Genting,
which has dropped 43% YTD. Th is
is followed by RM3.4 billion from
Genting Malaysia, in which he con-
trols 49.9%. Th en, from his 54.49%-
held Genting Plantations, Lim lost
a further RM547.51 million.

Best time to Buy and Hold at this irresistible price b4 the opening of Fox outdoor theme park and LV casino 2020

If Cash Rich Genm with solid fundamentals and valued buy cannot pull thru this pandemic, ...which company can ?

Mega Sales below rm2 over soon ....grab fast ya

like PM said When the going get tough , the tough gets going only better....what dont kill you will makes you a better company for the future

selective counters only

Can AA sustain the 1 month suspension ? ...Aircraft will need to pay for parking and maintenance

All business non essential business are affected

whatever it is ...there is plenty of CASH RICH hungry investors out there waiting to come in again ....it will be a V shape rebound ...how long can you hold?

WHY sell low when the fundamental is solid ?

rm 2 just a few bids away

EN BLOC buy in ...dun be left out ya

BIG Bossku buying in EN BLOC!!!

looks like reaching 2.00 soon ...cheap sales is over

Even 3 months close also np...cannot says for the rest counters

only 14 days btw GENM choose to close not otherwise...Takut Apa bosku ?

Live updates: India declares nationwide coronavirus lockdown; WHO warns that United States could become next epicenter

Live updates: India declares nationwide coronavirus lockdown; WHO warns that United States could become next epicenter

PETALING JAYA: The decision by Genting Malaysia Bhd to inject US$40mil (about RM175mil) into its struggling US gaming unit Empire Resorts Inc will only have minimal impact on the former’s financial leverage, according to CGS-CIMB Research.

For context, Empire Resorts is a 49%-associate of Genting Malaysia and it is currently working on both short and long-term solutions to refinance its outstanding debt of US$540mil with a syndicate of banks.

“This (equity injection) is not unexpected and has likely been priced in by the market as Genting Malaysia has previously mentioned the possibility of injecting more equity into Empire.


“Although more funds are being poured into loss-making Empire, the equity injection and debt refinancing will reduce Empire’s interest cost and, hence, Genting Malaysia’s share of Empire losses, ” stated CGS-CIMB Research in a note yesterday.

However, the research house said that it does not think that a debt refinancing exercise will by itself transform Empire into a profitable entity immediately.

“Hence, we think any further equity injections into Empire will depend on whether its operations improve sufficiently. On that, we find the Jan-Feb gross gaming revenue (GGR) growth (namely before Resorts World Catskills or RWC’s recent temporary closure) encouraging, ” it added.

More money to pump into loss making subs ...GenS, RWC .....etc. More bad news for share holders

Global Times
✔
@globaltimesnews
A person from Yunnan Province died while on his way back to Shandong Province for work on a chartered bus on Monday. He was tested positive for #hantavirus. Other 32 people on bus were tested POSITIVE

Global Times
✔
@globaltimesnews
A person from Yunnan Province died while on his way back to Shandong Province for work on a chartered bus on Monday. He was tested positive for #hantavirus. Other 32 people on bus were tested positive

After Corona pandemic, new ‘Hantavirus’ appears in China
March 24, 2020 4:05 pm

After Corona pandemic, new ‘Hantavirus’ appears in China
March 24, 2020 4:05 pm

Live updates: U.S. reports more than 100 coronavirus deaths in a single day, 500 total

Americans has Panic ! Trump too late or even worst add oil to the fire ! The more Trump tries to intervene the more damage is done !

WHO director general says ‘pandemic is accelerating’
World Health Organization (WHO) Director General Tedros Adhanom Ghebreyesus has said that the "pandemic is accelerating" and urged countries to take an aggressive approach.

"The pandemic is accelerating," the WHO chief told journalists in a virtual news briefing, saying "it took 67 days from the first reported case to reach the first 100,000 cases, 11 days for the second 100,000 cases and just four days for the third 100,000 cases."

But he said that "we are not helpless bystanders. We can change the trajectory of this pandemic."

The WHO chief said that he would address G20 world leaders to ask them to boost production of protective gear to safeguard health workers. He also warned that using untested medicines that are not support by the appropriate evidence could create "false hope".

WHO director general says ‘pandemic is accelerating’
World Health Organization (WHO) Director General Tedros Adhanom Ghebreyesus has said that the "pandemic is accelerating" and urged countries to take an aggressive approach.

"The pandemic is accelerating," the WHO chief told journalists in a virtual news briefing, saying "it took 67 days from the first reported case to reach the first 100,000 cases, 11 days for the second 100,000 cases and just four days for the third 100,000 cases."

But he said that "we are not helpless bystanders. We can change the trajectory of this pandemic."

The WHO chief said that he would address G20 world leaders to ask them to boost production of protective gear to safeguard health workers. He also warned that using untested medicines that are not support by the appropriate evidence could create "false hope".

USOIL CHART
CFDS ON WTI CRUDE OIL
21.96−1.44 (−6.17%)

BIG DROP !

USOIL CHART
CFDS ON WTI CRUDE OIL
21.96−1.44 (−6.17%)

BIG DROP !

Dow head nearly 800 points lower in midday Monday trade as NYC coronavirus infections surge nearly 40%

Published: March 23, 2020 at 11:38 a.m. ET
By Mark DeCambre
The Dow Jones Industrial Average on Monday headed to its lowest levels of the session, with investors attributing the deepening losses for the stock market to an update from New York on growing coronavirus cases. Gov. Andrew Cuomo said coronavirus cases across the state surged 38% overnight to 20,875. The Dow DJIA fell 785 points, or 4.4%, at 18,413, the S&P 500 SPX was off 3.9% at 2,215, while the Nasdaq Composite Index was off 2.6% at 6,701. Cuomo said he directed hospitals in the state to increase their capacity by 50%.

Dow head nearly 800 points lower in midday Monday trade as NYC coronavirus infections surge nearly 40%

Published: March 23, 2020 at 11:38 a.m. ET
By Mark DeCambre
The Dow Jones Industrial Average on Monday headed to its lowest levels of the session, with investors attributing the deepening losses for the stock market to an update from New York on growing coronavirus cases. Gov. Andrew Cuomo said coronavirus cases across the state surged 38% overnight to 20,875. The Dow DJIA fell 785 points, or 4.4%, at 18,413, the S&P 500 SPX was off 3.9% at 2,215, while the Nasdaq Composite Index was off 2.6% at 6,701. Cuomo said he directed hospitals in the state to increase their capacity by 50%.

18,379.74 −794.24 (4.14%)
Dow Limit Down

khatu what happen to your baby lionind ...keong kan liao?

https://youtu.be/LkAP2efRHDU

Watch this and make the right decision on AA

another 2 weeks close from 1April to 15th April ....

its a trap ...US DOW panic mode hits limit down amid FEDS helps too little too late ...ini kalilah blood on KLCI below 1100 ......

Sell away also no one will want at this time .....bcoz of global travel restrictions

Grounded also must pay parking millions of fees for its 255 fleets . No Free Parking ok.