AT RM9.99 I WILL HOOT RM10 !!!

Remember Genting provides the lowest entry and exposure to the Las Vegas gaming revival* through its 100% owned USD 4.3 billion Resorts World Las Vegas

(*the GGR has surpassed 2019's pre-pandemic levels by 25% - see link above shared by forumers)

Dear Mr Koon Yew Yin,

As you can see, Genting (3182) is rising. And the reason is simple - markets are forward looking. Do not be too late to the greatest supercycle superbull run in the history of the KLCI.

It is clear with the Shanghai steel price coming down and well off the peak, that the recovery for the steel sector is not coming and may be in jeopardy

What is for sure to recover is the numbawan top pick Shure win stock of 2021 the Year of the Golden Ox Genting (3182). One only needs to look at the roads and the malls to know that the Recovery is inevitable. Mankind has, and will, forever prevail

From the bottom of my heart, I hope you will make the right decision instead of being once again too late to the party and massive growth of Genting and stuck with massive losses as you have kindly shared with all of us

Sincerely,
EMSVSI

LAGGARD SHALL BE LEADER

GENTING (3182) TO THE SKIES AND BEYOND

GAMING IS FOREVER AND ETERNAL

IN UNCLE LIM WE TRUST

THE GREATEST SUPERCYCLE SUPERBULL RUN IS HERE

Dear Mr Koon Yew Yin,

It is clear with the Shanghai steel price coming down and we'll of the peak, that the recovery for the steel sector is not coming and may be in jeopardy

What is for sure to recover is the numbawan top pick Shure win stock of 2021 the Year of the Golden Ox Genting (3182). One only needs to look at the roads and the malls to know that the Recovery is inevitable. Mankind has and will, always prevail

From the bottom of my heart, I hope you will make the right decision instead of being once more being too late to the party and massive growth of Genting and stuck with massive losses as you have kindly shared with all of us

Sincerely,
EMSVSI

Shanghai steel futures bounced back to above CNY 5,100 a tonne in late August, after hitting a one-month low of CNY4940 last week, as demand concerns eased after China reported no new coronavirus cases for the first time since July, a sign the current outbreak in the country may be waning. China is by far the largest producer and consumer of steel. Still, steel prices remain well below a record high of CNY 6198 a tonne reached in May, as China pledged to limit crude steel output in 2021 at no higher than 1.065 billion tonnes it made last year. Meanwhile, China's domestically-produced iron ore concentrates slipped for a 4th week on August 16-20, amid lower demand from Chinese mills due to lower steel output, according to Mysteel.

https://tradingeconomics.com/commodity/steel

Steel price (Shanghai) chart is also in the link above

I ALSO BOUGHT TESLA WHEN IT WAS 4 AND SOLD AT 880 BUT THIS IS NOT THE TESLA FORUM YOU DIMWIT HA HA HA

Posted by shareinvestor88 > Aug 29, 2021 7:26 PM | Report Abuse

SELLING SMX at 18-20 was great.

The Prime Minister of Malaysia Ismail Sabri says Klang Valley to move to Phase 2 soon with 89.5% vaccinated 2 doses

GENTING TO THE SKIES AND BEYOND

BREAKING NEWS: Lembah Klang sedia ke Fasa 2 PPN
Utusan Malaysia
29 Ogos 2021, 6:15 pm

KUALA LUMPUR: Lembah Klang bersedia beralih ke Fasa 2 Pelan Pemulihan Negara (PPN) memandangkan kadar suntikan lengkap vaksinasi atau dua dos mencapai 89.5 peratus.

Perdana Menteri, Datuk Seri Ismail Sabri Yaakob justeru berkata, Mesyuarat Jawatankuasa Khas Menangani Covid-19 yang dipengerusikan beliau akan memperhalusi perkara tersebut.

Full link: https://www.utusan.com.my/terkini/2021/08/lembah-klang-sedia-ke-fasa-2-ppn/

This horseback cannon i3lurker and themeg back again, telling us what the market already knows ha ha ha. how about you share your picks or are you too much of a wuss worried of getting it wrong and then cowering back to your whole ha ha ha saupei la sorhchai

PLEASE DONT SPREAD PANIC BUYING ON RESULTS

RM6 IMPOSSIBLE, RM8 LIKELY

In addition, US-based listed gaming co's are flying (fully US - Caesars, Boyd; majority US - MGM)

As at close of 27 August (Friday):
Caesars Entertainment Inc (NASDAQ: CZR)
104.24 USD 4.25 (4.25%) today

Boyd Gaming Corporation (NYSE: BYD)
63.24 USD 2.27 (3.72%) today

MGM Resorts International (NYSE: MGM)
43.32 USD 1.34 (3.19%) today

Note: Genting owns 100% of the USD 4.3 billion RWLV (or a whopping RM18.1 billion, which is larger than the market cap of GenM). The market will soon realise that while the share price of US-based have surpassed pre-pandemic levels and close to record highs, Genting (3182) has lagged, and foreign/domestic funds will realise that it provides the cheapest entry for exposure to the Las Vegas gaming revival

See also: https://klse.i3investor.com/blogs/emsvsi/2021-06-22-story-h1566967034-BREAKING_The_share_price_of_US_based_gaming_companies_are_at_record_hig.jsp

Genting's USD $4.3 billion RWLV (or RM18.1bil at exchange rate of US$1=RM4.19) which opened only on 24 June 2021 was already EBITDA positive

Extract from 2Q21 report page 19: -
"Revenue and adjusted EBITDA over the first six days of operations which amounted to approximately USD14.9 million (equivalent to approximately RM61.1 million) and USD3.9 million (equivalent to approximately RM15.5 million)..."

Markets are generally expecting RWLV to be lacklustre, with RHB expecting RWLV to only be EBITDA positive in FY2022, while Nomura only projects EBITDA of US$ 82 mil in FY2022 while being silent with regards to FY2021
Source: https://themalaysianreserve.com/2021/04/22/gentings-las-vegas-venture-to-be-profitable-from-fy24/

As we can see above, after only 6 days (24 June - 30 June) of opening, RWLV has already delivered EBITDA of USD3.9 mil.

Market rerating to come with Genting Highlands' reopening being the catalyst, now that political stability has been achieved

RM3.50 impossible, US$ 3.50 likely

*EBITDA positive, Cashflow positive

Remember there is a company who had shown increasing accounting profits but had increasingly negative cashflows...and to hire an independent external reviewer to verify the accuracy and veracity of the matters highlighted by the company's former external auditors...

Cash is king...and EBITDA is a more representative measure for Casinos, as you can see from the research houses

Also the 2Q21 has a number of one-off items

Impairment loss (which is a non-cash item) in 2Q21 was RM300.4 mil compared with RM43.5 mil in 1Q21. That is an extra RM256.9 mil

"Others" (which according to the Notes includes pre-opening expenses etc, presumably for RWLV and the other casinos before reopening etc) cost was RM347.7mil in 2Q21 compared with RM174.8 mil in 1Q21. That is an extra RM172.9 mil

The losses are only headline figures

Gaming and casino operators are evaluated on an EBITDA basis worldwide including those from the USA and Macau etc

On a QoQ basis (2Q21 vs 1Q21) Genting's EBITDA was higher by 77% to RM958.9 mil in 2Q compared to RM540.3 mil in 1Q

The losses are expected and anticipate a knee-jerk reaction before continuing on its rise, similar to all the US and Macau listed gaming co's

The Recovery and Reopening of the economy is inevitable

RM6 impossible, RM8 likely

Minor profit taking on a Friday

Next week Independence Day and the time Genting soars to the skies and beyond

Hoot9e !!!

4 days of consecutive share price rise, rest a bit first

Most importantly it looks similar to the movement on 21 May 2021.......ho ho ho

Market is saying it doesn't like the Cabinet line-up...wonder what it was expecting, Jerome Powell money printer go brrr ka ha ha ha ha ha

Those that died, over 80% have not completed their vaccinations. And you should go out and look at the roads and see the jam for yourself. For the fully vaccinated, and outside of the age group and without co-morbidities, the risk is low. Life goes on

Gaming co's are compared on an EBITDA basis. US & Bahamas is EBITDA positive with RWNYC's gross gaming revenue (GGR) is approx. the same as the pre-pandemic level in 2019. UK & Egypt is also EBITDA positive

From the 2Q21 press release:

Despite operations in Malaysia, the United States and the UK and Egypt continuing to be interrupted by COVID-19 closures, Genting Malaysia recorded a 700% year-on-year increase in group-wide revenue to MYR817.9 million (US$195.0 million) in 2Q21, with Adjusted EBITDA of MYR45.6 million (US$10.9 million) versus an EBITDA loss of MYR486.2 million (US$115.9 million) a year earlier.

At Resorts World Genting in Malaysia, revenue increased from MYR82.2 million (US$19.6 million) to MYR237.9 million (US$56.7 million) despite the property suspending operations from 1 June.

In the US and Bahamas, revenue soared from a zero base to MYR352.9 million (US$84.1 million) with Adjusted EBITDA of MYR109.3 million (US$26.1 million).

“The improvement in earnings was also driven by the swift recovery registered at Resorts World Casino New York City (RWNYC), with the property achieving approximately the same level of gross gaming revenue this quarter as compared to the corresponding quarter in 2019,” the company said.

Revenue in the UK and Egypt grew five-fold to MYR185.3 million (US$44.2 million) with Adjusted EBITDA of MYR14.3 million (US$3.4 million) thanks to the reopening of Resorts World Birmingham and the Group’s land-based casinos in the UK as of 17 May 2021.

--

Soon Genting will capture the hearts and minds of Malaysians once more...

When theyre at Skyworlds and visiting a packed Genting Highlands, they will look back and wonder, why did they ever doubt Uncle Lim and the business that was built over 50 years

Go go go Genting breaks RM5 and Genm breaks RM3 together Keluarga Malaysia ha ha ha

BREAKING: Klang Valley, Negri Sembilan's Rt rate the lowest
By Suzalina Halid
August 26, 2021 @ 11:48am

The Rt rate in these states has reduced to below 1.0 and involves states which have also achieved herd immunity, with 86 per cent of their adult population fully vaccinated as of Tuesday.

Based on data shared by Health director-general Tan Sri Dr Noor Hisham Abdullah, Putrajaya recorded the lowest Rt with 0.80, followed by Negri Sembilan (0.82), Kuala Lumpur (0.87) and Selangor (0.95).

Full link: https://www.nst.com.my/news/nation/2021/08/721428/klang-valley-negri-sembilans-rt-rate-lowest

The market is waiting for Genting's results. Once it is released, then Genting will be unleashed. Note that funds are no longer looking at 2021

Foreign Funds numbawan pick is...GENTING (3182)

One by one, Genting's divisions are firing on all cylinders

Only Malaysia is left, and even then, vaccinations are being administered faster than expected

Clear blue skies ahead

This time there are no more hiccups

This time we go all the way

BREAKING: Pakatan will back PM in confidence vote for people-centric policies, Anwar says
Updated 36 minutes ago · Published on 25 Aug 2021 4:57 PM

Leader of opposition coalition, Anwar Ibrahim, assures Prime Minister Ismail Sabri Yaakob that Pakatan Harapan will not vote against him in a confidence motion as long as the government implements people-centric policies.

OPPOSITION coalition Pakatan Harapan will not vote against Prime Minister Ismail Sabri Yaakob in a confidence motion if the new government implements policies that address the needs of the people, Anwar Ibrahim said today.

The opposition leader said the coalition’s support is conditional upon Ismail’s policies to help the people overcome the health and economic crises.

Link: https://www.themalaysianinsight.com/s/335512

--

Political stability has been reached. United as one, just as Malaysia's forefather's were when Malaya fought for its independence from British rule, the day our country gained its freedom, Merdeka !

GENTING TO THE STARS

telurgoreng Ya, u are pro investment guru. Market rebound 60-80 points and you rush in to grab 1% profit. Very good, best advice from @Stocksafeplayer. Maximum ceiling RM6-7 in the next 2-3 years, faster rush in now to buy Genting.
25/08/2021 11:36 AM

Comments: Another horse back cannon, market rise then say you hold small caps. Your last non-Genting comment is on YTL on 12 Aug, sorzai that is small cap ka lol. Small fry doesn't understand 100% on 5% of portfolio is still 5%. Small fry with 100k of daddies money go away la, Genting not for you

12 Aug close price:
YTL: 62c
Genting: 4.67

24 Aug close price:
YTL: 64c (+3.22%)
Genting: 4.87 (+4.28%)

Want to play Buy call, your YTL returns is lower than Genting la. And I'm using 12 Aug to give you chance, which is the lowest for YTL. If we go back to your next last YTL comment on 2 Aug, its even higher at 63c. Saupei la sorzai

i3lurker Hucksters in Petaling Street always tells you to buy fast coz price is increasing.
Hucksters always emphasize no chance to buy this price at Petaling Street anymore...

No matter how things change, the Art of Con always remain the same.

20 years of covid
why worry about share prices increasing?
25/08/2021 11:21 AM

Comments: All I see is you going around horse back cannon on recovery stocks AA and the down trodden Serbadk. Come recommend one stock here dont just talk kok

You must understand, all those lost revenues must be replaced with something else. So what are you going to replace it with...selling keropok lekor? lol

PAS has never run a successful state, just look at the states they control, they know jack how to run one. And after their spiritual leader Nik Abdul Aziz passed away, they have become a power-hungry, money-grabbing group, even UMNO's Tengku Razaleigh calls PAS 'political prostitutes'. If PAS is not careful, they might even lose the northern states in the next GE

As for these small fry Pahang PAS politicians, they are the minority making noise, which is what minorities do. With them keep saying they want to ban casino's in the state, I can assure you the Pahang people will not vote them...remember the casino is their rice bowl, direct and indirectly

PAS can go flykite la

The complaints by the PAS politicians are their way of saying they haven't received enough 'allocations' ha ha ha

The day will come when LKT will be fed up, and once he has expanded globally, he will go to the Malaysian government and once and for all tell them - every year Genting contributes XX billions to Malaysian gov coffers, employs YY number of Malaysians (not Bangla's or foreign labourers), contributes ZZ in secondary revenues / multiplier effects, draws in AA number of visitors per year to the country...and then he's going to tell PAS, 'You want to us to close?'. Checkmate

For a person who has the word sincere in his ID, you sure as hell are dumb

MMC's ports straddles the most important trade route in the world, the Straits of Malacca. Its port in PTP is secondary to what is arguably the most important port in the world, PSA while Northport is secondary to Westport. Both will grow in tandem

Suria's ports serves only Sabah. It is no match

PAS wanting to close casinos has been here before you were born la

As mentioned before the correct question is, PAS has won all of zero seats in Pahang. Even the Pahang people reject them. Also you must understand, bumi in milik siapa. You remove gaming, who is going to pay for the State and Federal governments lost gaming tax (and it's in the billions), the livelihoods of the employees and supporting businesses, the tourist dollars and taxes, and of course the Mercedes'...you can't have PAS driving Merc and UMNO driving Proton right...imagine that lol

Genting is a company whose time has come

Just as Malaysia Tanah Tumpahnya Darahku has come

Laggard shall now be Leader

GENTING TO THE Stars

First are Banks

Then it will be the other Reopening / Recovery sectors

Wait foreign funds like Morgan Stanley Investment Management to realise that Genting (3182) provides a cheaper entry to RWLV and GenS

Singapore removes quarantine for Hong Kong, Macau travellers as travel bubble bursts for good

The new rule applies to short-term travellers from Hong Kong and Macau starting next Thursday [26 August 2021] with the city state essentially starting a quarantine-free travel corridor with Germany next month

Published: 6:34pm, 19 Aug, 2021

Singapore will begin admitting travellers from Hong Kong and Macau without quarantining them even though the measure will not be reciprocated, officials said on Thursday, as they added that discussions on a travel bubble would no longer take place.

Full article: https://www.scmp.com/week-asia/health-environment/article/3145652/singapore-removes-quarantine-hong-kong-macau

--

Comments: Wait for Malaysia to open borders for China tourists just like Macau for China tourists leading to huge jump today in HK-listed casino stocks -Sands China, MGM China, Wynn Macau, Galaxy Entertainment (note: Lembah Klang Adults 2 Dose: 85.2% as at 23 Aug 21)

Catalyst after catalyst coming. Clear blue skies ahead

BREAKING (MUST READ): Morgan Stanley’s Slimmon Says Buy Reopening Before Too Late [Bloomberg]

August 24, 2021, 4:10 AM GMT+8 | Updated on August 24, 2021, 4:55 AM GMT+8

Money manager scooping up casino, cruise and theater stocks

--

Slimmon, who oversees about $7.5 billion at Morgan Stanley Investment Management, says it’s not unusual to see economic hiccups this time of year. Going forward, “people will turn a little bit more optimistic,” which bodes well for equities that have sold off due to Covid-related worries. Rates could bottom in the coming months and recover in the fourth quarter as well, he added.

“The opportunity set is in those stocks that got hit the most, namely the cyclical stocks, the energy stocks, the reopening stocks -- those are the ones that are down the most,” he said in an interview.

Slimmon is scooping up shares of casino, cruise ship, restaurant and theater companies. He’s also partial to retail real estate investment trusts that have been hit hard amid fears consumers will once again avoid stores and malls like they did during the depths of the coronavirus outbreak.

His advice runs counter to recent market sentiment as investors pile into defensive plays. Growth stocks -- like the tech shares that outperformed their market indexes during the pandemic -- are on pace to beat their cheaper value counterparts for the third month in a row, while small-cap equities have slid roughly 6% since hitting a high in mid-March.

--

Slimmon notes that the market is forward-looking, and investors shouldn’t keep chasing defensive stocks such as utilities, or technology shares that are near record highs.

“That’s not where the opportunity is right now,” he said. Rather, he’s looking at companies that are off 20% to 30% from their peaks earlier this year.

“I would not be selling on Covid worries -- that’s already happened. What you have to think about is will we get through this? Will we have a better fourth quarter, which is historically what happens?” Slimmon said from Chicago. “Someone that says to you in the fourth quarter, ‘Well, I’m optimistic because the Covid variant’s behind us’ -- my response would be, ‘Well then you should have been buying those stocks in August, not in October.’”

The senior portfolio manager has the track record to back up his reopening call: His U.S. Core Portfolio is beating 94% of its peers this year and is topping the S&P 500’s gain, Bloomberg data show.

Slimmon is also noticing big differences in investor behavior compared with last year. In mid-2020, clients who’d booked significant gains were calling him to ask about whether another Covid wave could derail the market’s recovery. That’s one of the reasons behind the volatility seen this time last year.

This go-around, those conversations are very different.

“The call we’re getting is, ‘When is a pullback coming? I have too much cash on the sidelines, I’m looking to invest into a good opportunity,’” he said. “This is one of the reasons why I don’t think we’re getting much of a pullback.”

Link: https://www.bloomberg.com/news/articles/2021-08-23/morgan-stanley-s-slimmon-says-buy-reopening-before-it-s-too-late?srnd=premium-asia

Broke above MA50 convincingly and now above all the moving averages

Genting's uptrend is intact and unstoppable

GENTING NUMBAWAN

DIAMOND HANDS

TO THE STARS AND THE GREATEST SUPERBULL RUN IN GENTING'S HISTORY

WHEN CASES ARE DROPPING, GENTING HIGHLANDS REOPENS, INTERSTATE TRAVEL IS ALLOWED, SKYWORLD LAUNCHES, INTL BORDERS ARE OPENED..?

IF NOT NOW, WHEN

Is this apple168 bff ha ha ha ha ha

menopause168 Rallying up feels so great like orgasm
24/08/2021 9:09 AM

GENTING TO THE SKIES AND BEYOND

BREAKING: Stocks rally to start the week, Nasdaq closes at record after Pfizer vaccine approval

PUBLISHED SUN, AUG 22 2021 6:05 PM EDT UPDATED 3 HOURS AGO

Stocks finished higher Monday following a volatile week on Wall Street, led by reopening stocks as the Food and Drug Administration approved its first Covid-19 vaccine.

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Travel and leisure stocks reacted positively to the news, with Delta and American Airlines advancing 2.8% and 3.3%, respectively. Carnival gained 3.9%, and Norwegian Cruise Line climbed 4.2%.


Full article: https://www.cnbc.com/2021/08/22/stock-market-futures-open-to-close-news.html

--

US gaming stocks are flying:

Wynn Resorts, Limited
92.93 USD +4.63 (5.24%) today
Closed: 23 Aug, 7:59 pm GMT-4 ·Disclaimer
After hours 93.48 +0.55 (0.59%)
NASDAQ: WYNN

Caesars Entertainment Inc
89.28 USD +3.64 (4.25%) today
Closed: 23 Aug, 7:36 pm GMT-4 ·Disclaimer
After hours 89.45 +0.17 (0.19%)
NASDAQ: CZR

MGM Resorts International
39.52 USD +1.12 (2.92%) today
Closed: 23 Aug, 7:58 pm GMT-4 ·Disclaimer
After hours 39.59 +0.070 (0.18%)
NYSE: MGM