HUAT INDICATOR CAME!!!! WELCOME shareinvestor88!!! ... admit it, the last minute spike to 5.53 was YOU, wasn't it? you tsundere little devil you! hahahaha!!!

agreed emsvsi.
I'm holding my judgement on RWLV until I see more data come in. Remember, they plan to have 75% of revenue from food, entertainment, etc non gaming... so keep checking to see who they have managed to partner up with. I like their 2 partners so far, but they will need a lot of quality tenants to draw in the crowds, so that's one thing to be aware of. While I would LOVE to just say "huat ah ong ah", that isn't an honest way to make money, so I try to present both sides of the argument fairly.
To be honest, if I had not been reminded that RWLV is aiming mainly at non gaming revenue, I would have been negative towards it, but with it's current management and plans, I am mildly optimistic.
Another issue right now is Yokohama IR, it's looking like there are 2 problems there. 1) winning the bid. 2) whether a mayor that opposes casino will be elected. ... now I'm neutral about this one.

Mashpee -> Looks solid. Can't get worse than the current write off, and it looks like it will be written back in. SCORE. ... after the write back, seems Genting would be managing the casino, so that's some additional income. Positive.

Genting America's USD500mil insurance claims -> looks solid. Many many small businesses and many businesses that are too big to fail are also making these claims, so I would assume that the courts will order them to pay out. ... Would cause too many bankruptcies and too much economic damage if they said NO. Positive.

Theme Park. -> Not sure whether they have done any write off or cancelled any write offs here. I'm positive towards the theme park, and will be keen to check it out and see if I like it. Strongly positive.

Medical -> Cellularity, TauRX, etc. ... sounds good, but I'm not a doctor. Tau does seem more promising than Amyloid research. Mildly positive.

NYC full casino upgrade: It's either happening soon, 2 years ahead of schedule, or it's happening in 2023. Strongly positive.

GHK: There was never a risk of Genting group bailing out GHK. The real fear was that LKT was going to get margin called and force sell Genting shares, which would have crashed the price very badly. This was a REAL concern. ... and this is the reason why the rising prices of genting and GHK matter, because GHK can make huge profits or huge loss and it won't affect genting bhd, as long as LKT does not get margin called (and at these prices, he is probably going to be un-pledging some shares!), margin call is off the table. ALSO, LKT has more cold hard cash in his pocket now, thanks to those dividends.
But, seriously, please everyone stop spamming Genting Hong Kong, Ho Wah Genting, etc. :(

upcoming QR results: ... I would expect that GenS did great, GenPl did well, GenPo did well, GenM is going to have suffered from MCO2, but nowhere neart as bad as what happened in MCO1. GentB probably red quarter, hard to break even, but it also won't be anywhere near as bad as MCO1 period.


Market Perception: You can clearly see it in the write ups, TPs, etc. Even the pessimistic TPs do admit that things are looking better for Genting than they were in 2020. There's definitely a lot of buying interest, both speculative and long term investment interest, in Genting. There are other recovery plays to choose from, but plenty of IBs and analysts seem to agree that Genting would be within their shortlist of 10-20 best recovery stocks.
Whether Genting Berhad is Numbah Wan recovery stock as claimed by some here, only time will tell. Personally, I strongly suspect that there will probably be some recovery stocks that outperform Genting, that I have overlooked.
But, regardless of it's ultimate ranking, In My Honest Opinion: Genting is in the top tier of recovery stocks. I won't say it's #1 for certain, but it's pretty certain in the top 10 or top 20 malaysian recovery stocks.

Of course, those who believe that pandemic will NEVER end, and that recovery will NEVER come, would not want to buy Genting. ... sure. If that's what you believe, then yeah, makes sense.

For those who believe that pandemic will eventually end... my call is that, those who buy Genting at RM5 and below, and hold until pandemic is over, will make money off it. And those who hold until the above positive catalysts come into play, will make even more money.

And, as always, those who are buying on margin or contra or have no holding power for other reasons, you might want to think twice before buying genting despite all the good news above, because it's highly volatile and it could easily drop suddenly and cause you to sell and eat some losses. Be careful, and do such things at your own risk!

@gentingbelieber99, well, I'm not silencing you. And I admitted that a few of the points you brought up were fair points.
I do agree that asking some questions is the correct way to do investing.
In your case though, you're clearly not here to ask for advice, you're clearly here to do negative review and spread gloom and doom. ... don't try to pretend otherwise. zzz.
Some people did ask good questions. Like what are good entry and exit prices, what are future earnings and current earnings, etc.
You though? You are clearly just here to post as much bad stuff as you can find.

I bothered to answer mainly because some people here ARE honest investors, and they would like answers regarding those issues you brought up.

A pump and dump is possible, if you are some large fund or something.
But there are probably way easier targets, which you could make 200% profits when you goreng those penny stocks. I don't know why someone would use millions of ringgit to push genting up 2%. ... can cover costs mah?

FYI, all, there was one more fair point made by 99: the end of day trading on Friday was not a true show of strength. It was likely a portfolio rebalancing, and it occured on many KLCI component counters. Monday I expect Genting to open gap down.
We have to wait and see if that fund will continue that rebalancing or whether it was a one day show. If they continue what they were doing on Friday close, on monday morning, we will see a spike up even higher. Otherwise, I think gap down, as I said. But that's just my guess.
Still, I'm happier that it happened than if Genting had closed red at 5.43!

Covid numbers a bit higher again today. Selangor spiked up too. ... see what happens tomorrow. No idea whether market will be influenced by that or not.

OK lah, let's do proper analysis then:

GentingBelieber99
"Genting HK shares up but bleeding money
RW Cat Skill bleeding money
Genting UK still closed shop?
RW Las Vegas predictably will bleed money for the foreseeable future
Genting M, predictably will bleed money for 1H 2021
Genting SG, profit slim if any.
Genting Plantation, profit negligible
HW Genting Vaccine plays, predictably bridge to nowhere "


1. GHK. As I keep saying, it has nothing to do with Genting group.
2. RWCS. This is a fair point. I'm waiting to see if Genting taking it private and changing management can turn this one around.
3. Genting UK. You have no idea what's going on here. UK has it's own laws for gambling, where you can have table bets in "private clubs" which are members only. GUK decided to open several hole in the wall mini casinos which are basically the size of a corner lot McDs. During this pandemic, they were forced to close those down. Overall, not good news, but negligible to the overall group finances.
4. RWLV. Fair point. World is going to be watching if this will be a glorious opening or a red opening. I am personally glad that they are aiming for 75% revenue from non-gaming. Good choice.
5. GenM. Fair question. I think it will bleed money for the upcoming QR, but the QR after that, might break even.
6. GenS managed to make quite decent profits for the last 2 quarters, enough to reverse the earlier losses and end the year results with a net profit. Singapore has done very well in covid containment and GenS is projected to be strong profits going forwards.
7. Plantation profit negligible? Checking checking... hmm. "Only" 79m profit last quarter. I don't know if you consider that negligible or not.
8. Vaccine plays. HUH? Genting vaccine plays? what? ... oh wait, you talking about Ho Wah Genting? ... So, after you bring up Genting Hong Kong, you next want to try talking about Ho Wah Genting's vaccine plays in the Genting Forum???

I said that some person would eventually bring up HWG after GHK, but to see it actually happen...

Genting is Alzheimer's research, not covid vaccine, dude.


9. Genting will bleed in 2021? ... why do you say that? You DO know that Genting managed to return to black last quarter, right?
10. Chance of Genting going bankrupt: based on how they managed to return to black last quarter, and their stockpile of cash. Not likely at all. Even if pandemic stretches out for years more, Genting will be one of the last men standing.


Points for unoriginality:
After using shareinvestor88, JN88, then you tried to copy me by adding 79 to your name, then now you switch to 99... really, not all that much originality, huh?

@vanbastn9, yeah but you also sold all your genting warrants when genting was below RM5.

... when you say wholesale correction, do you mean Genting or wholesale as in the entire KLSE, or the worldwide stock market?

Also, very interesting online persona you've created. An old retired moral teacher with a grandson, huh? ... very cute.

@shareinvestor88. Yes, thank you for your advice! Wonderful advice, as always! (hahahaha)

i mean my PoV on Empire and catskills, not resorts. I mean resorts catskills. I mean. ... nevermind. Time for shower and sleep lol.

@SSP, actually, my view on Resorts was: GenM let Empire list separately, and be run by the Empire management team.
The Empire management team messed things up.
GenM said, to heck with all that, took the thing private, sacked the old management, and took direct control to fix things directly.

Well, that's just my opinion anyway. We shall see whether they do manage a turn around.

Genting group can't bailout GHK, because GHK is not a subsidiary of Genting Group in the first place!
If you go and buy 100 shares in GHK, you have a larger stakeholding in GHK than the Genting Group.
If Genting group does a bailout of GHK, that might turn into a Criminal Breach of Trust (CBT) case. You know why? Cause Genting Group is owned by various Lim family members. Some of whom do not get along with LKT. ... they will NOT allow LKT to use his influence over Genting Berhad to bailout his own personal investment. Back when GHK looked super prosperous cause of it's Macau holdings, those other lim family members were QUITE angry that Genting group sold off it's entire stake in GHK to LKT. ... they are NOT going to allow a bailout.

Though...
... of all the people doing a bailout of GHK... it would seem that the candidate chosen was THE GERMAN GOVERNMENT.
And... WOW, holy spit!!!
"Genting Hong Kong seeking US$600 million subsidy from German government to save its MV Werften shipyards"
If I'm reading this right, GHK is not asking for a LOAN... they are asking for USD600 million SUBSIDY, ie, they are pushing for FREE MONEY!!! ROFL!!!

Now that's some serious balls there. Asking the German Government for free money. NICE.

"The challenge of keeping its German shipyards afloat during the pandemic has already seen German authorities provide substantial assistance via a US$227 million bridging loan in October and another US$65 million grant earlier this year to save it from insolvency."

So they got $227m bridging loan, which is a loan. ... and the $65m grant... grants are free money right?

MEH. Anyhow... as I said, I'm pretty happy that LKT bought over Genting group's entire stake in GHK... even though GHK share price is going up right now, which means that they could easily raise capital via private placements or something. ... but, eh, GHK is a bit of a question mark, will they turn-around or will they continue making losses? ... I don't care. Too much noise and data to sift through. Simplified: Just ignore GHK, it has no connection with Genting Group. hehehe.

...

Also, @SSP ... look at our Huat Indicator, shareinvestor88... he keeps talking about Genting bailing out GHK every day... of course, you know what that means, right? ... since everything he says is wrong and the opposite comes true instead, that means Genting Berhad will never bailout GHK. ROFL!!!

and now newbie reveals he has exactly 97k genting shares! thanks for the info man! heh.

if I got RM85 per share I would be over the moon lol... you mean per lot of 1000 shares...

@zuliana, it's RHBtradesmart, and I can only get that with the PC version, I can't get that on my iphone. Which is annoying cause I use my iphone for trading most of the time.

@MG9231, yeah, probably big fund rebalancing.

FYI, everyone, it wasn't just Genting. look at the intraday charts for several KLCI components, huge volumes were transacted at 4:50pm

GenM, Genting, TG, Supermax, PBB, Maybank, Tenaga, Telekom... etc etc... so many of them whole day not much action, then at 4:50pm suddenly huge sell-off or buy-in.

@SSP what is big buyer's report? Well, I asked my remisier if he knew what happened, and he doesn't know, but he also guessed that big fund was rebalancing.

when is it going to open anyhow? I haven't seen an exact date yet.

The daily cases going up put a damper on my mood though... was hoping that we would dip below 1000 this week. Though I guess Saturday and Sunday might do that. Hopefully! ... gotta work towards that "below 500 in May" target!

@SSP, i already planning to go genting and ride that motorbike ride thing. Will let you guys know whether it fulfils my expectations or not... huhuhu...

@sharewiz118... yeah, up to you when you want to sell. Maybe RM6 you can sell and buyback cheaper. Besides, I have no idea what your holding power, total sum invested, debt, cash flow, etc etc are.
no idea what would be the best choice for you.
besides, I am not a licensed financial advisor!

I will honestly admit that I have 2 reasons that I would be happy to see you diamond hands and not sell though!

1. Because if you don't sell, you are helping support the price. heheheh. (i have no idea how much shares you have though)
2. Eh, come lah, don't leave our gang! ... you want to take profit also, keep lah 10%, so you can continue to be one of us... hahahaha... or at least 100 shares, that's only RM600... consider it your entry fee to be part of this awesome party we are having lol.

Hmm. ... this one is NOT a buy call or sell call, but you could do what a lot of people do and sell enough to "take back your capital"...

... anyhow, glad to hear you would make a million by selling at RM6, according to SSP. heh. At this point, I think for most of us, it's not "will we make money?" but "how much will we make?" hahaha.

Anyhow, let's all see what happens next week and for the rest of 2021... yay...

https://prnt.sc/10prg7o

I got the screenshot. Someone bid to buy over 6 million shares at RM5.53 or higher, in the last 15 minutes of today.
Some HUGE whale.

maybe genting did SBB in pre closing???

I think someone entered fake buy queue and didn't withdraw in time or something. crazy!!!

WHAT HAPPENED??? Suddenly last minute goreng???

@limfukyu, I think newbie118 said it best: "buy on dips"

while I would love for people to huat the price up, from a responsible POV, I would have to say "very volatile right now". ... if you buy at the peak prices, you might have sleepless nights. Especially if you sai lang. (not a good idea)

Personally, I would buy a little at around this price level. buy a bit heavy if it dips below RM5. ... if it goes below RM4, sai lang until you can't sai lang anymore. I literally went deep into debt buying in when it went below RM3.90 at start of 2021 ROFL.

Open gap down.

@shareinvestor88, I'm willing to listen now. Tell me about covid 3rd wave please.

the "ever wanted to know what it feels like to be a crazy motor bike racer racing down the canyons? ... but you don't, you know, actually want to RISK DYING?"

@goldgent, THANKS! ... I'm not a Mat Rempit, in fact I never had a motorcycle license, and only rode a motorbike once or twice in my life.
So... that "mad ramp peak" ride actually attracts me quite a lot... I've always wondered what that experience would be like, I mean I've played the arcade motor bike games, but you wouldn't get the wind blowing etc experience, so this does sound fun!

The analysts acknowledged: "The payback periods may not be exciting for both projects, considering our estimated annual Ebitda of RM256.2 million for SkyWorlds (12-13 years' payback period)

WAIT, SERIOUSLY??? ... the theme park is estimated to earn 250m a year??? :O
I'll be honest with you guys... I thought that the theme park was supposed to just be bait to lure visitors, who would then spend money in the casinos... I wasn't aware that it was supposed to be a cash cow! To put this into perspective, Disney Hong Kong was loss making 5 years in a row or something like that.
Still, as I said, I think the true value comes in that it will lure in casino visitors... we shall see though, we shall see...

"RWLV's hefty establishment price tag of US$4.3 billion in the already-intensely-competitive Las Vegas (US) market."
-> Well, thank goodness they plan to have 75% of their revenue come from non-gaming. ... as I said, I believe this is genius.

@sharewiz118. Yeah, now the only question is whether RM6 will require full interstate to open, or whether it's going to hit RM6 even without interstate, and interstate pushes it towards RM7... MWAHAHAHAHAHA!!!

(this is not a short term buy or sell call, Genting is very volatile in the short term and I would advice caution.
Long term, I am confident in naming RM7 and higher TP for Genting, but please do have holding power in case of sudden surprises)

@SSP, they haven't clarified about the whole no more nationwide MCO thing and what effects that will have.

Agjl, did your source tell you how high it's going to be pushed lol? Give us a heads up before it happens man hahahaha

@stocksafeplayer. My TP for now is RM10 for Genting Berhad. ;)
But who knows when that will happen,
So that's whyI sold half my c91 and waiting for GenB to drop so I can buy in mother share this time. Holding Power FTW!!!

which basically means it won't go back below RM5, I guess... because there will be many other people with same thinking waiting to pounce. ... sigh...

@keyman188, now I am the sourgrape waiting for Genting to drop below RM5 again lol... if it dips below RM5, I huat 300k, ok? hahahaha.

I just sold half of my GentingC91, now awaiting any pullback on Genting Berhad mother share... if no pullback materializes, I will feel a little embarrassed lol. but not very embarrassed... movement so hard to predict. Dunno if it's going to break the RM5.50 wall or whether it's going to retrace... just have to wait and see now...

@virust thanks for the correction. So I was wrong, they DO own shares in GenB.
Sorry for my mistake everyone!

@jbond, wait WHAT??? THANKS FOR THE INFO!!! HOLY QUACKAMOLIE!!!

The Senate budget plan calls for issuing up to three licenses for New York City or the surrounding area. The Assembly’s version contains no such language, and as for the administration, the governor has said in the past he wants to wait until 2023, which is when the current state law would allow for those licenses to be issued.
Addabbo has long called for the downstate casino licenses to be issued earlier than 2023. And with the state and city both dealing with an economic downturn because of the COVID-19 pandemic, he said Tuesday that makes an even more compelling case for the casinos.

...

So 2023 is "Genting will almost defintely get the full casino license" has become "Genting might get the casino license in the next budget"???

Note: this is truly a MAYBE .... as the article admits, the pushing forward to immediately instead of 2023 is just a PROPOSAL
So don't use that as a buy/sell call.
No one knows what will happen, not even the governors and politicians who are in charge of new york, much less outsiders like me. I have no idea what will turn out.
Of course, I do HOPE that it happens immediately lol!

who needs the Norwegian fund.

No PKP... does that mean that, travel restrictions are gone except for Red Zones? ... if so, @SSP, your RM5.50 can go fly kite, let's aim direct for RM6 this week. HAHAHAHAHAHA!!!!!

Well, they haven't revealed the details though. ... we will have to see first I guess?

Disclaimer: This is not a buy or sell call. Not enough hard data given today. The stimulus money will be nice, and travel restrictions will definitely loosen, but HOW MUCH will they loosen, and how much the market has already factored this in, I don't know.

Again, I'm confident in Genting going much higher post pandemic, but short term predictions are a very difficult. So, I HAVE made some buy calls, but they always come with the condition "if you have holding power, and can buy and hold until the pandemic is over". ... those playing contra or SMF or such can easily get burned, as we just saw when Genting went from 5.30 down to 5.05 and now back up to 5.30.

the norwegian fund has stated that they are acting similiar to an ETF, so they would be holding long term positions and balancing their portfolios accordingly. And they didn't say that they bought in 2021, it wasn't revealed when they went in. And they bought in GenM not GentB.

... ANYHOW... onto Muhyiddin's announcement. So, MCO is over, and now it's just going to be targetted to red areas? good. Except that I probably live in a red area so I'm still stuck.

More stimulus packages. GOOD.

More budget for the vaccination program. FINALLY. ... also, this probably means that they are going to approve vaccinations for children. That's my explanation why another 2b got added on, even after we have enough vaccines for 110% of the adult population. ... That's GREAT! (and good for Genting Theme Park too of course)

the norwegian sovereign fund is a long term investment body that holds and hardly ever sells. @SSP, dude, that norwegain fund bought in AAX and topglove too... I don't like to use them for benchmarking.

As for Genting, it seems to have finished the t+2 correction, and onto yet another wave up? ... I don't know, but I certainly hope so!

let's see what muhyiddin reveals today...

@SINF, as I said, gloves and genting don't need to be enemies! ... and top glove went up to 5.38 which means that tomorrow genting also has to chase to 5.40 lol!
Harta coming down slowly, so Genting can aim at Harta after that. hehehe.

look at the panic buying at 5.30 WOW

virust, it's GenM not GenB

@SSP, wait, you have 600k and you aren't using it to buy Genting? ... YOU MONSTER! Traitor!

hahahaha joking

I'm more happy about the 544k shares queueing to buy at RM5.25... good support, I'm very happy if we close above 5.25 for today! ;)

i'm not worried about 5.30... either it gets taken down today, or tomorrow, or any time this month. ... no worries.

EH. Norges only owns 0.7%... significant, but not the biggest players around. And that's GenM not GentB. AFAIK Norges buys a bit of everything, no big deal. They also own TG, Bursa and AAX.

DestinyL, have mercy on newbie lol, he already feeling sad cause he missed his below RM5, at least let him get below RM5.50 when his iSinar comes in lol!!!

newbie, go chase your iSinar to go faster, cause RM5.50 looks like it's coming pretty soon... hehehe.

more importantly, yeah, not just for Genting, hope cases keep dropping nicely and economy opens up. Good for EVERYONE!!! ;)

@SSP, eh. Supermax is +8c. only harta is -16c, the others didn't move much.

@SSP, I also find the glove flies annoying, but I already disposed of all my TG-HB long ago, so I no longer want glove counters to be red... because when gloves go deep red, the KLCI index goes deep red! EEK!!!
i noticed that KLCI30 has 4 counters in healthcare: IHH Healthcare Berhad, Harta, TG and Supermax. so when gloves go red, KLCI especially healthcare goes deep red... urgh.

"Stocksafeplayer I dare not sell mine cos so afraid cannot buy back at below 5.0 and what if prices jump up again tomorrow?"

...

You mean "in a few hours"

Do not worry, we are good friends, I edit for you:

"Stocksafeplayer I dare not sell mine cos so afraid cannot buy back at below 5.20 and what if prices jump up again in a few hours?"

kakaka, good day today.

Last night I slept badly, saw genting TOCP yellow, went for breakfast and saw genting opened gap up but spiked red. So tired, decided to go back to sleep and see if anything changed when I woke up again. ... woke up feeling fresh, and my friend SMSed and told me genting spiked up like mad. ... A good start to the day! (if your day starts badly, go back to sleep and try again?)

meanwhile, I cry because Damansara + petaling went from single digit yesterday, to 51+49 today. Scary. Very potong stim.

I'm glad that SG and Johor are working together to vaccinate those who travel cross border to work though, since my rental income depends on that!

@agjl, it's already making a recovery

Well, it went to RM5.30, and there was a fair amount of shares traded at that level IIRC, and I guess some of those would have been on contra. So wait until T+3 for them to be flushed out?


@SSP, oh yeah, I agree that end of emergency and elections is good news indeed. ... just that some jokers wanted to hold GE in the middle of the pandemic's worst period. Which would have been just AAARGH. Never forget SABAH CLUSTERS.
Also, remember when they were asking Khairy to resign his minister post? ... I'm glad that was nipped in the bud by the whole emergency thing.

I'm guessing there will be some jitters as 18th March comes up.
And political worries because of this whole UMNO and now anwar and who knows who else is making what deals. I am SO glad that we are under emergency so we don't have to worry about that nonsense until August.

Anyhow, to be honest, it's unreasonable to expect Genting to keep shooting straight up like this, without some solid good news pushing it up. At some point, and that point might be now, it will slow down, consolidate, and wait until interstate opens up (which will definitely happen sooner or later) and covid numbers drop below 1000 (which looks like it will happen soon, as long as no major blunders are made).
now waiting for the astrazenaca blood clot silliness to be resolved. ... blood thinners are unnecessary, I'm sure. 30 cases out of 5 million doesn't mean much at all. this delay in vaccinations will cause a LOT more death and illness than any potential blood clots

@choysun. dunno. Maybe they will announce interstate open and it will fly to RM6 immediately? ... maybe they will announce interstate continues or daily cases spike up and Genting will drip back down? Short term very volatile, gotta be honest, with you.
Even within 2021, I'm not 100% confident to say sharewiz will have to donate laptops. Only 85% confident.
But within 3 year timeframe, RM8 and above. That one I'm 99% confident.