Remdesivir approved as treatment for covid in US. Not a vaccine but a treatment. Not sure how it would impact.

Assuming vaccine is announced tomorrow, rather likely you will not be willing to pay 3.20 at the opening bell, taking a look see attitude.
After a minute, price goes to 3.40, and then you'll try to quickly park at 3.40, only to be outbid by other buyers. Then you say fcuk it! 3.60! Only to realise price is 3.70 now lol

Just my imagination there, it could well be going down in reality if no vaccine approved lol

Humans are always forgetful being, very soon it will be crowded.
Come on, you didn't see how packed Genting was a month ago??? Ignorance is bliss they say.

Regarding gloves, the new businesses going in isn't wrong.
Even before Covid, gloves were making good margin, just not superb.
After Covid, ppl come to think that new viruses will come up in future, and support the biz.
Their intention is not so much to catch the covid trend, but a longer term sustainable biz.

However, for companies already in the play, their prices are already hyped.

Quotes from Buffett:
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.
Price is what you pay. Value is what you get.

I don't think glove biz is doomed lol
Just that the price has gone up too much
Glove business will still do okay, just don't look at the share price as a gauge
New entry will still find it hard to compete with big glove makers due to lousy cost efficiency.

They should do some study lah

Mahsing was into manufacturing before they went into property, hence barrier to entry is not big
Petronas has oleo manufacturing as well

Like today you ask a white collar worker go and do construction also die la

China is indeed a winner after this crisis, left right center all win, coming out stronger than before

Don't be too sure yet, Malaysia still have few reasons for setback again

Only added 20 lots at RM3 last week
No hurry, no big catalyst announced yet.

If it was a fund selling, judging from support at 2.99, the seller might have sold all.
There's another 50K lots there queuing to buy at 2.99.

Volume is huge today

I see big buying at 3 and small lots selling 2.99, since early morning

Down better, waiting for right time to add

With the local covid situation, some small traders will probably react negatively.
Price probably hold at below 3.10

Fund is in, can start to pick time to chew

He mentioned "AGAIN". Hint hint.

Doubt that....
Think its more like paid keyboard warrior with a mission

Actually Taiwan Explorer Dream already started cruise to nowhere at end of July

LOLOLOL

All the while everyone only give buy call mah, just that buy call is TP2.50 lol

Hope sure have, never say never. But sometimes hopes remains just a hope lol

Its a green Friday... rare

Hmm.... promotion until CNBC?
https://www.cnbc.com/2020/10/09/gentings-dream-cruises-on-cruises-to-nowhere-program-in-singapore.html

Caught some at 2.20, hope I don't get caught pulak lol

Flashback from the future: who is the PM in 2020? lol

Hope the downtrend continue, I can almost secure fund for another round of buying lol

Already 1/3 past Oktoberfest dude, 2/3 more to go lol

lol
Thats super ambitious

The big seller might still be around, lurking.
Yesterday before closing seller whack down by 7 cents.

RM4 is unlikely this month, unless vaccine has update

3.20 is possible today

Genting price stabilized a little likely owing to news of no interstate lockdown

Company tax reduction will help a lot, SG already have gov help, but I doubt that for Malaysia.
Perhaps only the minimal cut on hotel tax

Doubt Trump even had covid in reality

Technical analysis tells you what happened in the past, that I agree lol

Low go lower

Yeah this counter looks doomed. Sell!

Not sure why so many ppl here saying banks start selling LKT stock.
The share pledge put in by LKT was GenHK stock, not Genting stock.

Those who calling sell please walk the talk lol

Let me give you a help.
Many research houses calling buy, so that should be a sell in reverse psychology.
There, hope this helps.

Jom sell lol

Yes I agree it cannot be a clean government. So we choose the least dirty ones lol

8O

TP just dropped by another 30 cents lol

Goodness, I missed out on that potential pitfall for this stock: luck factor
lolol

I'm keeping part of my long term invests here, there's no quick bucks here.
It is unlikely for a goliath like G to collapse. Dividend yields are acceptable. Tourism industry won't die forever. G have shown some success in diversification and I like the changes I've seen over the years.
Worst point that is hard to swallow is they keep saving their own ass.

Yes I'm holding G shares.

I think Casino has lost some market share to online bets over the last decade or two, but decline is not enough to offset the growing market as well as diversifying efforts. Today many families visit Genting without even stepping foot into their casino. My last casino visit was maybe 10 yrs ago lol

@positive_investor, first off I am being negative here only to see what sort of impact this forum has, and also to join shareinvestor88 in his mission to bring down the price lol

Casinos have long evolved to mitigate effect of online bets, ala integrated resort (IR) and such.
Although online bets are said to be "different" it will still hijack the gambling market share, but I believe online bets have limited reach.

Glove entry is definitely non-niche but the main driver would be cost effectiveness for volume.
That said it is currently making huge profits due to virus windfall, which may or may not be sustainable.

Now what are the downsides?

Return of the covid? End of moratorium? US China trade war? Dissolution of EU?
Return of full MCO? BN/PAS win GE? Shift to online casino?
Further decline of worldwide economy? Second round of market correction?
Retailers return to gloves? More pls lol

Don't hate em, join em!

Yes, let's push it down to RM2.50, shareinvestor88 will rejoice!

Yeah, future is bleak, recommended to sell lol