BTW, guys... as for Genting Hong Kong.... I'll be honest here, it did sort of worry me. It's true that GHK is not a good company.
And I was very curious what sort of deal LKT had hammered out with it's creditors.
...
Well, now, it's been revealed, in stages. Fortunatly, what appears to be happening is that GHK is selling off it's assets, part by part. Not only that, but it is selling off it's some of profitable assets to the other Genting related parties.
So, IMHO, no bailout, no margin call. Looks like LKT is just gonna clean up that mess, and maybe sell it to someone else later on.
In any case, it's s structured, step by step, debt and asset consolidation, not some sudden catastrophic bankruptcy or bailout.

... I, personally, would not invest in Genting Hong Kong shares though!

" JN88 Only 1% of people who invested in stock market will earn money, just look at how the 99% people supporting a company that possibly losing big money, then you should know who they are.

They unable to accept people opinions and fate but focus the price movement of the stock as a result of the value investing.

However, look at the comments here you can clearly know who is speculator instead of investor. "

You mean those BURSABETS speculators? ;)
Bought millions of shares at RM7, now sitting on some hefty paper losses?
Yeah I feel sorry for those guys who are unable to accept people opinions and fate.

Meanwhile, I cashed out some warrants at 4.95 (wish I cashed out more though) for some sweet realized gains, and since my average cost of genting is below RM4, I'm sitting on some decent paper gains right now
Guess I'm part of the 1% who invested who earn money?

emsvsi. that's my question. Do they mean it starts 5 March and we are getting it one week early on 26th Feb, or does it mean it starts 26th Feb and we get it one week earlier on 19th Feb?
Stocksafeplayer, it's not "good news". Just asking a question. Well, it MIGHT be good news, but let's see what they actually mean!

http://covid-19.moh.gov.my/semasa-kkm/2021/feb/malaysia-terima-vaksin-pfizer-biontech-seminggu-awal

HUH. wait. So... the vaccines are arriving on 19th Febuary? ... :O

is there a BLOCK function? I would consider using it on that guy.

I have nothing against glove promoters.
...
Just that JN88 guy. ... at least he's shut up now. phew.

" Zuliana JN88 AKA Shareinvestor88,

You SEE , today GREEN la.
JN88 AKA Shareinvestor88, Cakap merapu saja... "

...

Look at JN88's post history... he's a Super Glove Kaki.
So... today is not a Green Day for him...

Eh, you guys know that I'm pro Genting... huge collector myself. but... I wouldn't get TOO enthusiastic.
We are living in volatile times, where any day a huge announcement can just go "SURPRISE SUCKERS!!!"
On the other hand, this cuts both ways. I was happily waiting for Genting to drop even further below RM3 when the pfizer test results suddenly appeared. Not only that, but I personally was expecting 99.9% effectiveness, so when I heard ONLY 90% I was like "meh!" ... and then Genting rocketed to RM4.50 and I was like "WTF just happened?" Totally caught me by surprise there.

Volatility is the name of the game right now, and for the short term, I would not be shocked if genting went anywhere from RM4.50 to below RM4. For mid term, I can tell you: more vaccines will be approved and start to be distributed. A LOT of vaccines. So, within 2021, I expect RM6. For long term, once Genting returns to it's old profitability, it will obviously go back to above RM8. As for those higher numbers, I'm honestly not so confident. It's very possible though.

With vaccines arriving and jabs starting this month (hopefully!), I don't think RM3.50 is happening anymore. ... Even MCO + Emergency consecutive announcement and such were not enough to push it down to RM3.50, it would take something REALLY big to do that at this point.

All in all, I'm pretty much fully invested in Genting, but saving just a few bullets on the off chance it dips back below RM4. (I was previously saving those bullets for RM 3.50 but I doubt that is happening)

In my case though, I bought in when Genting was at RM4.03 and RM3.94, and accordingly for some warrants. Those who bought in at way cheaper or way higher might see things differently.

What anyone else does, is of course, up to you! Caveat Emptor!

https://klse.i3investor.com/servlets/cube/post/jn88.jsp

Hilarious. Look at his post history. what a bunch of spam. and, YES, you guys are right, he is a rabid gloves promoter.

Actually, isn't Genting Malaysia more likely to bailout Genting HK? Rather than Genting Berhad? I'm not too clear about the family politics of the Lim family, but I was under the impression that LKT does not have enough control over the main company that he has to use GenM to do bailouts. Admittedly, I'm actually unclear on the whole family squabble and what the legality of it is though.

I can tell you that I felt rather sad that I I missed that beautiful trading opportunity... sigh...

@shareinvestor88 .... keep in mind that AKT sold his genting already at "around 4.40", and wants to buy it back cheap. He might feel embarassed if he ends up buying it back above RM4.40 lol.

Well, I bought in at 4.03, watched it go up to 4.95, and sold half my warrants but none of my mother share... so I'm in the reverse boat, where I wish I had sold it at 4.95 and bought it back below RM4... oh well...

Tesla might not be a continued growth stock. All it's profits are from selling green credits. It's base business of selling cars is still loss making.
I don't see how microsoft, apple and facebook can continue to be growth stocks. Or if they are, it can't continue much further. They've already almost finished their growth stage, should soon be moving into the mature business stage where they can't grow any more.
That's the problem with a lot of growth stocks. When they are green and unproven, no one wants them. By the time they have set a strong growth track record, their growth phase is almost over, but people are only NOW interested in buying them as growth stocks!

WHAT ARE HOCKEYSTICKS???

The way I see it, Genting will hover around this level for the next few weeks. When Emergency was announced, I called it as "last chance to get Genting below RM4", but we will see if I'm correct. ... there might be bad news upcoming, but IMHO everyone is long term positive about Genting, it's just short term bargain hunting right now. ... As soon as it goes below RM4, people will be scooping up with both hands (or at least with 1 hand lol).

So I tried googling this Hockeystitck thing but no results. What is it?

@keyman188 The only reason index is not up is because glove stocks are down. ... nowadays, blue chips are disjointed from KLCI, because glove stocks are volatile as heck, and they tend to move in the opposite direction to the recovery stocks. Especially since Supermax was added to KLCI, now the weightage of gloves is really huge. When gloves limit up or limit down the whole index moves.

I don't know about AngKayTor and his TP, but I can tell you this: there are a lot of people who are waiting to buy Genting at bargain price. Some will buy in too early and pay too much. (my friend bought at RM4.50, thinking it was bottom, and that's considered "not too bad"), Some will camp too low, and miss the boat. And some, maybe AKT, will get it exactly correct.

This happens ALL THE TIME. ... nothing new.

In my case, I would rather buy in a bit too early and pay a little too much, than risk missing the boat. Because, I guarantee you, years later, some people will be cursing away saying "oh, Genting was RM4, but I didn't buy in, because I was waiting for RM3!" (or 3.50 and waiting for RM2.50, etc). ... At most, I will be grumbling saying "I bought in too early, I could have gotten an extra 33% if I had waited for RM3 instead of buying at RM4... would have made SO much more profit!!!"

Genting appears to be rangebound? People are getting ready to buy in cheap, but it seems that fingers get itchy as soon as it dips below RM4... at this rate, looks like Genting will be dipping slightly below 4, but I don't think that RM3.50 is possible anymore... too many bargain hunters are eyeing genting and getting ready to scoop it up whenever it dips below 4. You might get it slightly below 4, like 10-20 sen or maybe a little more than that, but with vaccines incoming, no one is going to SELL to you at 3.50 level. (unless they got margin called or something)

You know the Greater Fool theory, where you buy a shitty stock at a high price, with the hopes of selling it off to a greater fool at an even higher price?
Seems some people are selling their Genting at RM4, hoping to buy back cheaper at RM3.50 from some Greater Fool.

In both cases, there's always a chance that there are no more greater fools, and then YOU become the greatest fool. :P

the return of BURSABETS and their TopGlove push lol!

26th of Febuary is pretty late actually. I was hoping it would arrive like 15th or something, just barely in the 2nd half of the month. It's arriving at pretty much end of Feb.

What do you guys think Genting will do tomorrow? Up, down, sideways? ... with 6k daily cases and stricter SOPs incoming, I think... DOWN.

... pity I have almost no bullets left to fire at this point. Sigh.

why do you want to use CFDs? Are you able to adjust your margin capital properly to avoid margin calls? ... I don't know about malaysia, but phillips Sg will not allow you to trade CFD unless you have enough experience.

zuliana: c91 and c94. Those have some decent maturity dates. C94 my entry price is 8.5c though. as for c91, it's expiry is end of June, by which time local vaccinations will have made some decent progress.

CFD are NOT the same as call warrants. The closest parallel would be Share Margin Finance.I trade them using POEMS. With call warrants, you have liability limitted to your initial capital, you pay a premium, they're highly leveraged, you don't get dividends, your maximum holding power would be the expiry date of the warrant. CFD, you have near unlimitted liability (or until stock goes to 0), you pay daily interest instead of premium, highly leveraged, you get dividends, no limit to how long you can hold them other than the daily interest piling up... all in all they are completely different.

@maxsuper me.

we will get it to zero cases... the question is WHEN. IMHO, it will take us quite a while. ... as for no kids vaccinated in 2021, those guys are nuts and will be forced to retract that. Cause at some point it will turn into "no adults are getting covid, but because school has opened, thousands of kids are getting covid every day" and then they will be like "OOPS, we should have vaccinated the kids!"

They should really just hurry it up and vaccinate as many people as possible, as fast as possible.

eh, why bother opening up so fast? Can't get much customers during pandemic. Even within 2021, I think not much business, because our government isn't planning to vaccinate children within 2021 (which will HAVE to change), and children would be the main target audience for the theme park, right? A theme park where kids can't visit is just... meh.

Highest I bought was 4.03... so at this price I'm paper loss already. bleh.

Here is what they mean by total economic lockdown:

Of course food supply chain will remain untouched

The key difference is, up to now, the manufacturing and construction sectors were considered "essential" and were immune to lockdown. HOWEVER, our government has realized that the great majority of covid cases are coming from these two sectors.

Hence, it's more accurate to say that manufacturing and construction will get their immunity removed and they will be under lockdown just like everything else is.

It's also possible that for the commercial sector, they will move back to "all of you work from home"

As for Genting... eh, whether they do total lockdown or not, Genting is closed for business doesn't change, so it SHOULD have already been factored in, but, eh, sentiment.

Anyhow, yeah, my guess is we are going below RM4 again tomorrow. And probably continued weakness for some time, until we get our jaccines delivered and we start jabbing people. At which point we will see a sudden rubber band rebound all the way to Rm5.50. (just my guess though, I'm not very good at guessing herd behaviour, sadly)

not a surprise that covid has a low mortality rate. Considering how many people get no symptoms AT ALL.

SARS and MERS, have high mortality rate... but very low contagiousness. 8k total SARS cases over all these years, and 2.5k MERS cases over all these years.
MERS might have 30% fatality rate, but that's less than 800 people dead.

Ants might be weak individually, but numbers are dangerous in their own way... Yeah, obviously, if Covid19 had only caused 10k cases worldwide over the course of a decade, Covid19 would be a joke. ... but it's not. When you are dealing with a virus that infects over 100 million people, suddenly that 1% fatality rate isn't funny anymore.

... of course, yeah, people mention Spanish Flu, which had both high mortality and high contagiousness, and that just wiped out like 5% of the total population in India, which is rather ridiculous. So yeah, high mortality+high infections is super bad.

Note also that Spanish Flu probably would have had significantly lower mortality rates with today's modern medical technology. It would still have been devastating, but how much lower no one will know for certain. Lockdowns would have reduced both infections and death rates.

Also, note: those who think lockdowns were not necessary? Look at what happened to America when they went all YOLO... it was BAD.
FYI, one reason why our death rates in Malaysia were low is because our hospital systems were not overloaded. ... when you reach the point of some other countries, and someone can't breathe, but you don't have enough ventilators? That's when mortality rates spike significantly. FYI, there' is a lot of difference between mortality rate with treatment VS without treatment.

4 Jasonred79= I am going to FIGHT TO GET JAB AS EARLY AS POSSIBLE... because I have underlying health problems. ... I have sleep apnea, which means I normally sleep with a CPAP machine, which means that I spend 8 hours on machine assisted breathing every day of my life.

Serious Covid has a good chance of either killing me, or having me breathe thru a ventilator for several weeks.

So, hell, yes, I'm going to take the jab. I do NOT want to catch covid.

...

Saying "I don't want to take the covid vaccination because I have pre-existing health problems" is like saying "I don't want to take chemotherapy, cause chemo has harsh side effects, which would be bad for my health" lol.

There ARE people who get bad reactions from the jab, but, in RPG terms... pretty much everyone who took 20 damage from covid vaccine, were going to take 200 damage if they got hit with actual covid. ...

I posted a reply to KYY lol:

jasonred79: If you are confident that gloves are good fundamentals, why don't you just buy more, and keep them forever?

The truth is, that you know that gloves are going to turn to crap once pandemic is resolved, so you are planning to sell all of them at that time. Unfortunatly for you, you decided to play hot potato, and you got stuck holding the potato.

Like, I bought Genting. Now that one, I really believe in the fundamentals, I am perfectly happy to hold onto it for the next 20 years, no problem. hahaha.

If you are confident that gloves are good fundamentals, why don't you just buy more, and keep them forever?

The truth is, that you know that gloves are going to turn to crap once pandemic is resolved, so you are planning to sell all of them at that time. Unfortunatly for you, you decided to play hot potato, and you got stuck holding the potato.

Like, I bought Genting. Now that one, I really believe in the fundamentals, I am perfectly happy to hold onto it for the next 20 years, no problem. hahaha.

... still waiting at 3.93... darn you unklelim... please stop collecting and let it drop to 3.93... I am not crazy like those calling 3.50 and 3.00, but could you just let it drop that 20c and reach my TP please?

EVERYONE!!! we got to work together! Everyone should stop supporting genting price by buying it here, and just let it drop below RM4, we will all benefit together! if you keep buying at these prices above RM4, it won't drop below RM4!!! stop it! stop it I tell you!!!

zuliana, haiz, don't expect RM2... I want it to go below RM4 also so difficult.

lol, it's karma I suppose... when MCO and emergency double whammy appeared, I jumped in at 3.95 below and was part of the reason it didn't drop to 3.50, so now unklelim and gang blocking me at 4.13... haiz...

don't say no show. today stkoay got his RM4.15 done, if he queued at the same spot.

There will be another dip soon when they announced that MCO extended to 4 weeks, I guess. ... I don't know why there should be such a dip, since everyone should already be fully expecting 4 weeks instead of that 2 weeks nonsense, but we shall see.
Oh and the dips when +2+2.. to total of 6-8 weeks MCO, I guess.

Actually, I managed to scrape together a tiny portion of bullets, so I am now happy if people spread gloom and panic. Queueing at 3.93 mother and 11.5c c91!!! lol!!!

@stkoay ... lol... I queued for genting at 3.93 and genting c91 at 11c...and that seems to be completely off the table. Bleh.

uptrending "Bright and Sunny Days are NEAR!"

Depends on your definition of "NEAR"

For me, I am pretty afraid of having a ventilator tube stuck in my throat for weeks, so end of covid still seems "far" to me... but everything is relative! For me, even waiting 2 weeks is a little long, I wish pandemic would end right now...

Realistically, 4 weeks MCO will get numbers down a fair bit, but as I said I would prefer 8 weeks and get numbers REALLY low. And I would also prefer that they accelerate our vaccination timetable from their 18 month timelline to something like the developed nations USA by July or something, Israel has been full steam for a while already, Singapore will be done pretty soon... meanwhile, we haven't even gotten our first batch yet, and our first batch will only be enough for 500k frontliners. ... ugh.

So, yeah, we will get our bright and sunny days, definitely, and we are on track to do so. But it's going to take time, because we are behind some other countries. Heck even Indonesia has started vaccinations already, so Malaysia is like one month slower than Indonesia... (facepalm).
As KJ said, most Malaysians will not get their jabs until 2nd half of the year... and he didn't mention that even that will be slow rollout.

In terms of buying Genting... yeah, agreed. If you wait until there is no more bad news and everything is back to normal before buying Genting, then you will be buying it at RM8. ... obviously, if you want it cheap, you have to buy it while the sentiment is still negative (but while anticipating a recovery).

In terms of public health and safety... please act with caution. We are all in this together, and it is because people got impatient and overconfident that our numbers went out of control and our hospitals are flooded.

And... I apologize, I was wrong.

+5c already geez.

...

It's not going back below RM4, evidently. ...

@shareinvestor, go ahead and sell at current price then, if you think it will drop. ... I want to collect from you at below RM4, but:

1) I don't think it will fall back below 4
2) I have no more bullets. I'm even more all-in than Invisiblehand lol.

@752_michael_chan. "We need positive and forward looking investors to be in this forum, not those pessimistic, everyday thinking sky is going to fall."
-> ... don't be like that. ... we have to be grateful to those guys, otherwise we would not have gotten a chance to collect Genting at these cheap prices in the first place. ... Have some gratitude!

http://covid-19.moh.gov.my/sorotan/2021/01/sembilan-9-kluster-baharu-dilaporkan-hari-ini-18012021

Time to hunt bears tomorrow!!!

nevermind, this is an actual genting cafe cluster, aargh

9. KLUSTER KAFE GENTING

Kluster tempat kerja ini melibatkan sebuah kafe pusat rekreasi di Genting Highlands, Bentong, Pahang. Kes indeks bagi kluster ini (iaitu kes ke-118989) telah dilaporkan positif COVID-19 pada 3 Januari 2021 hasil saringan individu bergejala. Sehingga 18 Januari 2021, sejumlah 104 individu telah disaring, di mana 31 kes telah dikesan positif COVID-19 dalam kluster ini.

...

So, indeed, expect some panic selling tomorrow boys!!! I have readied what few bullets I could scrounge up!!!

nevermind forget what I just said. @shareinvestor88, thanks for the info. Genting Cafe Cluster? OUCH. yeah that sounds bad, probably panic selling tomorrow.

the vaccine has showed initial result in Israel already.

For Malaysia though... it's going to take quite some time. because we only start in March, and the roll out will be quite slow, it will indeed take over half a year before we get herd immunity. Probably longer than that.

As for the MCO being extended... hahaha. How many people actually thought it would only be 2 weeks? OF COURSE it will be extended to 4 weeks! ... in fact, judging by previous events, it will likely be extended to 6 weeks or 8 weeks.
Which would actually be a GOOD thing, in the long run. Because 4 weeks might get us down to like 300 cases a day, but 8 weeks might knock it down to 10 cases a day or somewhere there, which would mean we could pretty much go back to life as normal, like Singapore. ... short term bad, long term gain.


Anyhow... yeah, there is a chance that Genting will fall further. So up to you if you want to run or not.

For me though, if I run, it would be with the intention of buying back later for cheaper price. Because, Genting is not going to go bankrupt. It will recover to it's old levels, it's just a matter of time. And, local vaccinations start next month. So, overall, I'm not confident that if I sell now, I will be able to buy back at a cheaper price before the March super bull run starts. For those of you who are confident in being able to sell at the current price, and buy back cheaper, in preparation for march super bull, go ahead.

... if you're telling me that we won't get a bull run when vaccinations begin in Malaysia, I'd say "you serious bro?"

EPF buying or selling is not much difference from ANYONE else buying or selling... the only difference is that they often trade in large volumes

@meloncheng. depends on how much shares they are disposing, and what the daily volume is. If the market can support the buy/sell, the affects would be minimal. For instance, if it's a counter with daily volume 50m traded and EPF starts buying 2m shares a day... no big deal. ... if it's a counter with daily volume 2m, and EPF comes in and starts selling off 10m shares a day, that's gonna CRASH the stock price.
For the short term.

For long term, it has more to do with free float totals of the shares

that's 8.7 equivalent. It didn't last very long at that level though lol.

found it. GEBHY is an adr indeed, and it is 1 ADR = 5 genting shares. So at USD6, the ADR values genting at RM4.80 now.
But for some reason, on Friday, those crazy Americans pushed GEBHY above USD10 intraday. Which is pretty ridiculous and I have no idea why it happened, it went straight up and straight down again. So weird.

Next QR hard to black, with this 4 weeks MCO that will probably end up being 6/8 weeks, IMHO.

Even below RM4 is unlikely anymore... MCO announcement brought it below RM4, but it recovered in the afternoon. The very next day emergency announced... brought it to 3.92, but again recovered by afternoon. ... It's going to take some pretty bad news to drive it below RM 4 again, and it will take something HUGE to bring it back to 3.50 or 3.00. ... something along the lines of what happened to TG where hundreds of genting staff are found covid positive and genting is shut down and has charges brought against it, that would bring it below RM3.

The below RM3 also had a lot to do with the fact that genting was going to be kicked out of KLCI 30 components.

I'm interested in whether foreign funds are really buying up Genting. That's interesting news. ... it could very well be so, remember that in those countries, their vaccinations are already underway, so they would be quite pro-active in buying into recovery stocks.

Personally, I think Genting will be trading sideways for the next few weeks. Maybe drop a bit if MCO extended. ... then when MCO ends, genting will up. ... then when Pfizer vaccines arrive and vaccination starts, big jump. When pharmaniaga gets it's 14m doses in March and starts vaccinating 1 million malaysians a month, that will be another BIG jump. ... IMHO, the market isn't going to react that much to any more news of our government securing vaccines, BUT, we are going to see a massive jump when vaccinations actually get underway.

Actually, an extended MCO might not be bad for Genting share price... it's bad for genting revenue, but in terms of share price, it might be good. Because extended MCO will get our daily cases down A LOT. Our DG should have mentioned that... every week that the MCO is extended will bring down daily cases A LOT... and lower daily cases would be great for our market (not for gloves though)

IMHO, they should just keep the MCO going until we get back to low double digit daily cases. With like 10-20 cases a day, plus vaccinations, we would pretty much be able to get back to normal life soon.. hmm...

@wallstreetrookie thanks for that post! huh! Wasn't keeping track of the USA listing of Genting... I should probably do so.
So THAT is where the foreign buy ins are... whoo!

@Stocksafeplayer If already own 200k or more lots, i suppose FDs are useful to standby to buy genting if prices dipped back to 4.0 and below.

walaueh. you talking about lots of 100 not lots of 1000 shares right? ... I didn't know all those genting top 30 shareholders are here in i3, 20m genting is quite a bit! ... as for 200m genting, you become substantial shareholder 5% already liao.

The reason why Genting earns so much in Malaysia and Singapore is obviously because they've got the monopoly there zzz...

As for those casinos that closed down in UK, take a look at how many employees lost their jobs. ... 38 employees at the last one that shut down. ... those are tiny tiny casinos, there's quite a few of those in UK, where the entire building is smaller than a bungalow house. 38 employees means something like 3 shifts worth of staff, so 13 staff on site at any one time. like 1 manager, 1 bartender, 5 croupiers, 3 security, 1 waiter, 1 cleaner... or something like that. It's not like one of those hotel casinos closed or something lol