Most of corporate M'sia recent qtr earnings fell. My view is KLCI has already peaked having completed its 5 Elliott waves staring in 2009. Now is the start of a 5 wave correction. The first sign being the double top.

This is a natural process. Markets do not go up forever. The 2nd top was an illusion engineered by BN government. The A/D Line did not confirm the rise prior to GE14.

In the Edgeweekly today, during conference call between GenM n analyst, GenM refused to provide clarity on the theme park issue.

Posted by moven00 > Dec 2, 2018 08:26 AM | Report Abuse

Itu Tong of TheEdge pun cut loss....
Berani below RM2.30 buy. Holding power kena Ada.
Simple aje. Argue macam2 pun tak guna. Stick to my layman strategy.

Here is a clue. Everybody knows Tong Kooi Ong of The Edge is a savvy investor. In the EdgeWeekly today, Tong cut loss n sold GenM from his portfolio.
How u interpret this is up each n everyone.

Posted by i3lurker > Dec 1, 2018 02:33 PM | Report Abuse

its not LKT fault coz Tribe land grab thing caused by Trump being racist and greedy..

tax thing also not LKT fault

actually LKT did a very good job.

EPS is going up through the roof

LKT should be rewarded more
===============================================
Applepen All brother!
We all attend the Agm
Go n scold LKT....ok?
01/12/2018 14:30

If u want to scold, u should scold the immigrant Trump. Trump is himself an immigrant. Yet, he is denying others the right to migrate to US.

ngwt > Dec 1, 2018 02:28 PM | Report Abuse

i3lurker, do you expected a loss making company to declare a same amount of dividend as previous year? Think about it...

The loss is just an accounting entry. Money already spend years ago. It is not an operation loss. Writing off goodwill from the balance sheet does not affect a business. Same with this impairment loss.

Posted by godhand > Dec 1, 2018 11:36 AM | Report Abuse

if u think 10% hike in tax is nothing. you are just stupid. it means u dont do calculation

This is the most important. Impairment is nothing, just historical numbers.

Since 20% of GenM profit is from overseas, the tax effect on local operations is abt 8%. Then casino business contributed to what percentage of its total profits ? The catch is here. Maybe someone should calculate this. The total tax effect is less than 8%.

Countries with casinos to tax are lucky. Pakistan with no casinos to tax have to call IMF for help. The image of Suharto signing IMF agreement with IMF Managing Director Michel Camdessus folding his arms and standing is still fresh in my mind.

Posted by i3lurker > Nov 30, 2018 10:25 PM | Report Abuse

o ye of little faith

Tribe agreement was inked around 2010, money was spent long time ago.

This is the most simple way of explaining "impairment" for the layman.

Those investment bank analyst will be churning their report soon. They have got the answers from the conference call.

If u intend to buy, u must hold along term view. If its price recovers, u can always be a short term player.

Impairment loss is like writing off 'goodwill' in the balance sheet. Money already spent long time ago. It is historical. Nothing to worry about. I would worry if it is money about to be spent.

Resorts World has in the past written off Goodwill amounting to $500 million in one qtr. If u are already in the market in the 1980s, I am sure u know abt this. And what happened? Its price did not go down.
This time I don't know.

HONG KONG (Nov 30): Goldman Sachs Group Inc said that a continued escalation of the US-China trade war would be the “most likely” outcome of a highly anticipated meeting between Donald Trump and Xi Jinping at the Group of 20 summit in Argentina.

The media is totally silent on who is selling. I guess some local mutual funds sold.

Their analysts are screaming "impairment loss" of billions from the failed theme park as well as the Red Indian tribal land in US.
But these money has already been spend over the years. Like "goodwill", it is just an accounting entry. It may well show a qtr loss but it is just writing off some historical numbers & does not affect the business entity.

The most important point is how will the 10% increase in gaming tax affects GenM. It is known that local operations contribute abt 80% of its profits while the rest are from overseas casinos. So the tax effect should be less than 10%. (10 x 80% = 8%). Then what is the casino contribution to its profits ?? Some say it is 50%, some say 60%.
GenM boss should clarify this in its conference call.

rajachulan > Nov 30, 2018 11:23 AM | Report Abuse

fingers got burnt? ahahahhhahahaha

i still holding cash on my hand tight tight looking for clear trend...

crazy market these day...

I hold this view now. KLCI has already completed its 5 waves taking 2009 as the start and is now in the process of correcting the uptrend. I am in total cash position having sold all my telco shares 1 year ago.

Posted by YKLIEW > Nov 29, 2018 04:29 PM | Report Abuse

Cannot understand the stupid market. Why Genting got hit lagi teruk than GenM today? Our market crashed ady. Don't know where is the bottom?

Probably, it is foreign selling since it is inside MSCI index.

Yes, Batman.. there was one such bat mobile in Macau ..88 City .. fantastic. I tried it before.

Endless posibilities. What is Disney ?

Gusen gave the hint. Hope is true

Posted by Gusen > Nov 29, 2018 05:00 PM | Report Abuse

got the news, QR result better than last 2017 Q3 result.

Maybe the situation is not as bad as what those analyst in investment banks make it out.

see what boss at GenM say tomorrow rather than believe those investment bank's guesstimates.

CIMB hinted conference call for analyst tomorrow upon release of Q3 results. Maybe analysts n fun managers at 3i should also attend.

Posted by wkl1063 > Nov 29, 2018 03:21 PM | Report Abuse

why would it end up like this.... imagine those with margin....

If u hold shares for long term, u are likely to face a situation like this. Ppl used PB Bank as an example of how their investment multiply. But those investor too have gone thru 1997 crisis n weather the stress.

Disney a out of trend business. In the 60s when TV was black n white, all the little boys n girls would wait to see Disney cartoon on TV. They collect pictures of those cartoon characters.

Now, my niece collect Hello Kitty items not Disney cartoon characters.
The new young generation has no sentiments of Disney.

Now got
Universel waiting
Doremon waiting
Mario waiting
宫奇俊
龙猫
千与千寻
天空之城
All waiting ....

Hello,Kitty also waiting

Posted by buah_kurma > Nov 28, 2018 09:47 AM | Report Abuse

Disney, Fox deny claims in $1 bln Malaysia theme park lawsuit

This is normal. Like insurance companies, they deny all claims but try to settle behind.

Do not need to speculate now.

Q3 results to be announced this Friday. According to CIMB, there will be a conference call. Do need to speculate now.

The asset owner is still GenM n operator of theme park is still GenM. If Fox is the operator of theme park, then u have a lot to worry abt.

The children of the 60s grew up with Disney but the new generation doesn't. Without Disney is not a disaster.

Posted by trulyinvest > Nov 27, 2018 11:12 AM | Report Abuse

should boycott Disney hk, shanghai n tokyo

I have been to Disney HK n Shanghai. Nothing special. Probably a out of trend business.

Fox theme park is only one of the components. Other components are already in operation. Other entertainment companies can rush in to fill the void.

GenM is entitled to compensation as Fox broke the contract. Fox would likely to settle the compensation behind while the court case goes on. It would make GenM agree that it will not claim loss of profit later if Fox keep licensing other resorts with casinos elsewhere.

In summer, theme parks are usually does not have much traffic but Genting is all year round with its cool weather.

Nov 27): Genting Malaysia Bershad sued 21st Century Fox and its soon-to-be new owner, the Walt Disney Co., for pulling out of an agreement for a Fox World theme park at its casino resort outside Kuala Lumpur.

Genting is seeking more than $1 billion in damages, according to a complaint filed Monday in federal court in Los Angeles. The reason Fox terminated the deal, according to Genting, is that Disney doesn’t want to be associated with a gaming business.

“Disney wanted no association with a gaming company like GENM due to Disney’s ‘family-friendly’ brand strategy,” Genting said.


The new owner of 20th Century fox pulled out of the contract which means they must pay compensation to GenM

My main duty to voice consumer complaints, not boost telco share price, says Gobind
Read more at https://www.thestar.com.my/news/nation/2018/11/21/my-main-duty-to-voice-consumer-complaints-not-boost-telco-share-price/#0MD2Rg5THSZohAWe.99

Posted by hollandking > Nov 21, 2018 11:30 AM | Report Abuse

think is not TM's staff, the petition likely came from someone burnt in the stock market holding TM. LOL

Most of the time when someone get burnt badly in the market, he doesn't think logically anymore. U can see the logic issue.

I agree with u totally.

The petition is even not worth reading. Where is his concern when Jibby raised spectrum fees that saw Digi n Maxis fell ??

Echos of Lay Hong in TM.

Who are these "third-party contractors" n what the hell are they doing.

PETALING JAYA: Telekom Malaysia Berhad (TM) has announced that its Internet services have been down since Saturday (Nov 17) night due to multiple fibre cable cut incidents by third-party contractors in Sentul and Sabak Bernam.

What a joke!

(Nov 19): UOB Kay Hian analyst Vincent Khoo upgraded the recommendation on Genting Malaysia Bhd to "buy" from "hold".

* Price target (PT) raised to RM4.30 from RM3.95, implies 19% increase. Genting Malaysia average PT is RM4.57.

To a certain extent, that concern has been mitigated by the "screening process" by TheEdge team.

Thanks for highlighting this, Dali.

The scale of the crisis already tells u what to expect. Which bet will u take. I sold off all my shares n bought back in Sept 1998.

Diversification increase the risk. In a big downturn, u will lose even if u diversify.
Take 1997 as an example. U will still be affected even if u diversify. The winners are those who sold all these shares n bought back in 1998.

All these call warrants are issued by investment banks and have nothing to do with the companies themselves.

It is legal n sanctioned by Bursa. The investment banks then invites u place yr bet. If the mother share falls n these warrants go out of the money like toilet roll, the investment banks will laugh all their way to the bank.

U should be complaining to the Securities Commission.

US today is all abt US First policy. Put it bluntly, US today is about "Whites First " policy.

The second is to study the history of credit and credit card debt, There was a point in time when americans were net savers.

But these good times of 1950s n 60s are already long gone.

Genting is on the right course with GITP. Without it, Genting will not be able to attract visitors.

I visited Macao when they are still building the Parisan. After the completion of Parisan, I went there again. Tourist would come back again n again if there are new attractions. Macao is building the MRT n when it is in operation, I will visit Macao again.

LKY certainly knew what he was doing when he approved building casinos in S'pore. Protectionism, trade barriers etc means making a living is never easy for the nation state. Now Japan n S.Korea is following suit.

Posted by Jonathan Keung > Nov 7, 2018 11:28 AM | Report Abuse

pakatan hits hard at casino ! good or bad ( depends which side you are sitting )

IT only means winter in M'sia is coming. Bn raided the telcommunications sector, PH, the gaming sector. The signs that M'sia debt laden with no money.

Next budget, which sector to raid ? ... I remember one Carlsburg...

Posted by Victor Yong > Nov 5, 2018 06:43 PM | Report Abuse

Revised target price today:


Average target price should be RM4.6+
CIMB RM4.85
MAybank Rm4.40

Why they keep revising?

How IBs calculate, I don't know. We have to ask them. If u lump up its local n overseas profit today n assume local casino operations contribute 100% to its earnings, u get a terrific figure

I think someone has already posted. Casino operations (M'sia only -excluding US, UK, Bahamas..) contribute 40% to is earnings, the rest from leisure operations.

Banks all fully or overvalued. If u buy a fully or overvalued stock, u have less chance to profit.