Funnily enough, Genting up more than GenM lol

Just a minor boost based on retailer sentiment
Sharks may still play it up though, got theme

Haha short squeeze again... Friday net short selling reduced yet again from 1.13% to 0.83%!

TG net sell position also reduced albeit not as sharp as Kossan

Aberdeen highest buy was probably below 1.20
I would say the worst case scenario support would be at around 1.20

If Genting wins the NY license upgrade, they could theoretically taste the cake earlier than most other winners
Early bird entrance boost by just upgrading existing casino, even if geographically they are some distance away from each other

Michael_chan, why you think chances are not very high?

Excerpt: Because two licenses are expected to go to existing so-called racinos with horse racing and digital betting, the competition for a city license figures to be fierce

Competition is only fierce for the other 3, exception are the 2 with high chance (one of them is Genting)
Yeah its all just theory at this stage, but that's the general concensus
Anyway, nothing is priced in now, so either way its a good thing
50m license fee per year is probably not too high IMO

You have not board the ship ah Icon 888 lol

If no capital returns, then just a case of NTA boost
Hope not a case of owning the cake but can't taste it

Won't be big boost lah

Excerpt: Genting intends to invest the proceeds in its resorts, including possibly an expanded hotel and casino complex at its Resorts World slot-machine parlour next to the Aqueduct Racetrack in Queens, New York. The company is vying for one of three new downstate casino licences in New York

Hot horse is down real bad, I think already back to pre-bonus times
If a big recession comes, its probably gonna drop more than non-bank stocks, take care my friend

If it goes sliding more, I'm going to collect back what I sold the past few days

Only upcoming harta kossan QR can assert any meaningful stability

Hope can go back to election low of 4.1x

No need to talk about banks, the price pressure already showed what market perceive

Weak sentiment, sold some

Steady

Instead, I was bombarded to talk good on Aji here in GB forum, and the die hard investor with seemingly bottomless fund says MSG is dying lol
I didn't know forums were for good news only, and I still pity those who thinks so lol

I have stated my intention long time ago to switch Genting to Aji
Should've made more switching when GB shot up to around 5+ but decided to wait for the QR for bulk switching
Aji was around 13.80 at the time

Not a buy/sell call lol

Kossan is leading the sector since yesterday

For Kossan still safe, but the rest is ....

Sold half my position in Harta few days ago, bought back one quarter yesterday

Still no transaction from Aberdeen, last was 16th

Today still uptrending, goooood

Expensive because still comes with RM1 divvy
Furthermore, with their hedging strategy it means even at current RM3.6K+ CPO price, they will sell higher than market price of maybe around RM4K

As usual, another big impact is when your subsidiaries gives you the equivalent high dividend, and you squander the profits via RPTs

NTA doesn't mean much for conglomerate shareholders
The cake is yours but not for your eating, how?
Unless there is high dividend payout from Gens, and GenB other entities are not negating the profits

Seems like Aberdeen stopped buying after 16th? Wait for another day or two to confirm

Haha, good news, short sellers kena squeezed!
Yesterday net short selling reduced tremendously from 1.74% to 1.12%!

lol RM2?

Sold less than 5%

No worries, few sen lower will buyback lol

Sell a little 1.31

So far I only see bad news, RWNY and Catskills reduced gross profit
Need to checkout Gens and GenM performance

Yes, 1.30 has big resistance, but you can see the holding support is climbing

RM2 coming today

Very good environment for some short term trading!

Coming!

At least Aberdeen still buying, albeit slowed down a little based on 16th March purchase

This thread not much posts. Can see clearly who is right and who is wrong after a few weeks lol

Seems like there's new interest in the counter

UtdPlt on the other hand, is holding well with the RM1 divvy
Switch to UP if you want to hold long term with nice divvy

CPO at 3850, if GenP drops to 5.80 I may re-enter

Finally managed to squeeze the short sellers
Net short selling yesterday reduced from 1.78% to 1.74%, good job to the holders

I support 1.36 destiny lol

If minor GG, maybe can at least hold

Gloves is coming back

I sold after capturing the divvy, after ex-date

Short sellers are different animals from contra players
Somehow, I think the rally is not over yet, now is just a lower high

Don't forget short selling was super strong too not so long ago, maybe around 1.1 that time can't remember
At the end, I think short sellers won when Harta price plummeted