Posted by Dragonboy > Jan 21, 2021 8:04 AM | Report Abuse

Morning guys, when can this rocket ignite and launch. Current price is ridiculous low...
My expectation at least 4.5 - 4.8 and above 5 on March. No more TP3 of course ;P
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Remember that opinions are often wrong. The market is always right. The market dont care about your expectations. You may think its cheap but the market may think it should get cheaper. 2021 is probably another loss making year for Genting. No more rm3.00 but maybe rmm3.50 zone?

Genting is a weak stock for now and has been making lower highs, lower lows. If the next major global selloff happen now, it can bring this stock below the rm4 zone neckline and confirm the H&S formation pattern.

Mai kanchiong. Be patient. The market will show its hand to the patient trader.

I don't trust bursa data. No way this stock not shorted.

More likely the real big shortie still re-accumulating shorts plus shaking off weaker shorties now. My guess only.

@stkoay...5% dividend yield......

They declared dividend already meh? Cannot use precovid past dividend and project it as future dividend.

I think they will declare some dividend because LKT has personal debt full to the brim and desperately need some Genting's dividend to payoff his personal loan interest charges. But in times like these when the company is losing billions and capex running into multi-billions, it is unwise to declare dividends like precovid times.

Be patient. Rebound rally just over. Later kena injured and bulldozed by immediate downtrend market forces. You could be buying from a big shortie selling to you who is re-accumulating new short position after a successful shorting operation.

Dow is not responding well to proposed stimulus. A selldown could be near (looming tax hike issue under biden administration). For KLCI, MCO will probably last for 4 weeks and interstate travel at least 8 weeks (or even longer) so there is little catalyst for now. Mai kanchiong first.

Chart wise, feels like this stock could be making a head-and-shoulder formation with the right shoulder peak just finished forming and price in the mist of moving towards the rm4.0 zone neckline. Wait and see the possible big fight at rm4 zone first. If neckline is broken convincingly, all hell break lose.

If severe market selldown really happen and rm4.0 is broken convincingly, I know where is the next good support level. I will be waiting there with my mounted machine gun to spray my bullets.

Posted by shareinvestor88 > Jan 18, 2021 12:03 PM | Report Abuse

BUY BYE TP 3

AngTayKor
129 posts

Posted by AngTayKor > Jan 18, 2021 12:10 PM | Report Abuse X

Dont be nasty lah. Wont be rm3.0 ok.

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No way it will touch or go below rm3.0 from here. Mai luan luan accuse me. You can tankuku at rm3.0 see will reach there again or not.

That being said, there is no guarantee that rm4.0 support zone will not be broken during the next market selldown.

@choysun, I dont know where the price will go from here but last week's rally seems to be over. Support at rm4.0 zone.

@Invisiblehand, lucky prediction only. Sometimes Im correct, sometimes Im wrong. I have learnt not to fight and argue with Mr Market. People's opinions are often wrong but the market is always right.

Hardcore Genting bull... I wait for dow's impending flushing to be over first. Biden's US$2T stimulus news like no impact. All the good news exhausted? Covid and new variant stains getting out of control?

9 months ago everyone said covid will be over by 2020 and strong earnings recovery from 2020 Q3 onwards. Looks like everything needs to be pushed back by at least 12 months from earlier predictions.

Dont be nasty lah. Wont be rm3.0 ok.

Posted by AngTayKor > Jan 15, 2021 4:31 PM | Report Abuse X

At 11.54am when price was 4.32, @MorningGlory123 was thinking of buying. Read my advice then. Now price is 4.26.

Was my advice wrong this morning?

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Was my advice wrong last Fri? 4.17 now....

Maybe foreign funds were shorting earlier hence became net buyer last week due to short covering?

Ok so after using positive cash flow rm4.5b to give out dividends rm2.6b, net cash inflow will be rm1.9b to finance this year's capex of rm13.0b via obtaining further loans for capex.

I honestly think that by end of 2021, casino patron numbers will not go back to precovid times. Not even in 2022. It will probably take years for non-essential flying tourists to reach back to 2019 tourist visit numbers. Tourism and flying habits have changed drastically.

excerpt:
GGRAsia reported Genting should be able to weather the predicted lower earnings.

According to analysts, “Genting Bhd’s operating cash flow of around MYR4.5 billion ($1bn) over the next 15 months will be sufficient to cover an estimated capital spending and investment of around MYR13 billion and an estimated dividend payout of around MYR2.6 billion.”


Got calculation error? Cash flow of rm4.5B to cover rm13.0b of capex plus 2.6b dividend? Thats negative cash outflow of rm11.1b. I think dividend not much chance. Genting need to survive through this crisis first, dividend can come later after crisis over. When covid first started no one expected it to be so serious even 1 year later. Also, we need to look at genting's total outstanding short term and long term debts.

At 11.54am when price was 4.32, @MorningGlory123 was thinking of buying. Read my advice then. Now price is 4.26.

Was my advice wrong this morning?

Posted by Goldgent > Jan 15, 2021 3:35 PM | Report Abuse

AngTayKhor last week wrong prediction. Who follow him really jialat. This week he forecast again. Hahaha.

Last week I sold at abt 4.40. What's wrong to sell at 4.40 then? The price did crash after I sold.

From my tick chart, any break below 4.23 is jialat liow

MCO2.0 probably 4 weeks, interstate travel most likely ban for at least 2 months. Minister already said that the 7th Dec release of interstate travel ban was a mistake. I think govt will take a much more cautious stand on this the next time.

@Morning Glory,

If you want to buy, buy on deep pullback, not when short covering rebound almost over.

I have explained yesterday that above 4.30 is good price for those stuck at higher price (prior to any ministers' public speech about potential interstate travel ban or MCO2.0) to offload, not a good price to enter new long position. Im speaking from a trading point of view.

Biden stimulus plan is out but dow futures turning red (sell in news syndrome?). Next Monday USA holiday so there is selling pressure tonight for dow.

Shorties may launch another round of attack on this stock again. Genting Highland's Q1 recovery and CNY biz boom is not happening. Safer to stay cautious.

Market has been gearing up for Biden's expected stimulus news tonight. most likely will see the sell in news syndrome tomorrow.

But it's not correct to preempt that MCO is going to be 2 months...

....the authorities say it will not be more than 4 weeks...

https://www.malaymail.com/news/malaysia/2021/01/13/health-ministry-exp...

Last week another minister said no MCO. But then look what happened.... Only din din has the power to make the final decision. For interstate travel ban, Im wont be surprised if last for 2 months, thereby severely affected our casino biz. Im not refering to MCO2.0 for 2 months sorry for the confusion.

When Im buying I announced. When Im selling on 6 Jan I announced also. It was before any official news or forum news market rumour on interstate travel ban / MCO. There was unexpected very fierce selling on 6 Jan immediately after lunch break and something was not right that day.

Posted by stkoay > Jan 14, 2021 4:15 PM | Report Abuse

Before sell...say one thing

After sold say the opposite

....hahaha...LOL


Events change. Charts get updated daily. Short term uptrend line broken. Price couldn't cross above short term downtrend line.

For short term, this stock is still on immediate downtrend. Today traded above rm4.30 was a good price to sell for those stuck at higher price. Above 4.30 for post MCO2.0 price, it is higher than 7 Jan (first day of market reaction to Health minister's announcement). Health minister announced possible interstate travel restriction on the 6 Jan evening time. At that time, another Minister came out and said no MCO stop spreading false rumour so everyone think it is unlikely to be a blanket multi-state MCO. But it happened. And its very bad for Genting's business for at least the next 2 months.

Tmr after Biden's stimulus news the shorties may come out in force again.

https://www.investors.com/news/technology/jnj-stock-dips-report-coronavirus-vaccine-2-months-behind-schedule/?src=A00220

J&J Stock Topples On Report Its Covid Vaccine Is 2 Months Behind Schedule

https://www.cnbc.com/2021/01/13/chinas-sinovac-vaccine-reportedly-50point4percent-effective-in-brazilian-trial.html

Brazil researchers now say China’s Sinovac vaccine is 50% effective — lower than announced earlier

GXA is a blank cheque listed company with mkt cap of almost $400m. Assuming the deal of $1.7b, original Celularity valuation at the deal is probably abt $1.3b. Celularity was spun out from celegene in 2018, so celegene probably holds much larger shareholding (30 to 50%) than the rest of the 8 investors who pumped in $250m. I think genting bhd at most holding 10% of the enlarged post deal Celularity shareholdings. Celegene was a large cap pharma with full capability of developing their own pipeline of drugs. Sometimes they spin out or sell off a drug candidate or subsidiary is to share the high risk in drug development without further cost outlay which they could have very well afforded (being a $74b mkt cap company).

https://www.cnbc.com/2021/01/12/casino-mogul-and-gop-megadonor-sheldon-adelson-has-died-at-age-87.html

Casino mogul and GOP megadonor Sheldon Adelson has died at age 87

Short squeeze over? May still have some minor coverings along the way down.

Not so easy to climb up. Story theme no good now. Plenty of resistance above as many investors/traders are stuck at higher prices waiting to get out.

May be shorted down again after short covering over. The smarter shorties cover along the way at opportune time. The late shorts get squeezed.

Can complain to Bursa why did not publish daily shorted volume of this stock? Im sure there are plenty of undeclared shorted volume for this stock. This is unfair to public investors / traders.

Too late to save the spike in covid numbers here.

May not rally much from here. The casino recovery theme is broken on short term basis. Interstate travel may be banned for a longer period of time this time until we see very low nationwide covid numbers. The Govt has already admitted that allowing interstate last month was a mistake. Genting's Q1 result is a goner. Price could be rangebound trading +/- 7.5% from rm4.0 level until eventual breakout several weeks later when the market anticipate interstate travel about to start again. This is my anticipation only.

What time PM giving the speech?

crack below rm4.0....

https://www.nst.com.my/news/nation/2021/01/655689/penang-cm-tells-state-economic-sector-brace-lockdown

https://www.nst.com.my/news/nation/2021/01/655672/pm-announce-tighter-sop-possible-mco-monday

Now just wait over the weekend see if Health Minister makes any covid announcement. No news is good news.

Genting rebounded late afternoon because it got pulled up by KLCI. Banking stocks are in fashion globally for now and usually banks form a large part of index constituent %.

Rm4.00 buy queue 1.5m.... last line of defence before all hell breaks loose....

Fierce seller! KLCI didn't even drop much today. We have a very strong shortie here. Strange Bursa declared shorts for this stock was zero for past few days. No way this data is correct. Not even a single stock shorted for Genting? That means all the shorts are undeclared.

Will RM4.10 crack after lunch break? Huge buy queue slowly evaporating....

Tues afternoon I knew something not right thats why quickly cutloss with minor scratches. The seller was very cocky and fierce. He may have some insider info govt news on the upcoming covid measures.

The way to make $ from stock market is to win big when you are right but keep your losses small when you are wrong.

There is no bull side or bear side but the correct side of the market. If you are not joining the correct side, at least stand aside and don't get bulldozed. So I react to the price action first by exiting long position and standing aside. The true reason for the fierce selldown will reveal itself at a later date. To react after news will be too late as severe damage already done to a stock trader's pocket.

Yesterday's low become today's high. RM4.10 looks artificially supported for weaker shorts to cover first and also to lure in traders who think the bottom is already in. I suspect the real big shortie will go for the kill next week.

If govt really announce halt of interstate travel and other forms of covid restrictions, price may crash below rm4 with another wave of shortie attack. Usually such announcements will be made over the weekend. Im not optimistic of a strong rebound tmr if any.

Holding parent discount. Genting Singapore already having strong quarterly net profit. Genting Bhd still on severe quarterly losses. UK and USA operations are big drags.

All bets are off if interstate travelling is halted. Maybe thats the reason for the fierce selling today? If nightclubs/ktvs/massage still closed but casino open, not fair to other entertainment joints? Better hope no covid cases linked to casino gaming customers or else....

https://www.nst.com.my/news/nation/2021/01/655344/covid-19-yet-new-record-malaysia-breaches-3k-mark-daily-cases

Maybe this is the reason for today's klci n genting kena selldown in the morning despite bullish dow price action last night?