Genting need to wait until next year.

gloves game over.....syndicates trying their best to support and clearing stocks.

https://www.thestar.com.my/business/business-news/2020/10/21/slide-in-glove-counters-sends-klci-sharply-lower

KUALA LUMPUR: The FBM KLCI recorded a sharp fall in mid-morning trade as investors took profit off glove counters amid news of China's coronavirus vaccine being rolled out.

https://www.theedgemarkets.com/article/lawmakers-approve-genting-malaysia-units-interim-contract-estimated-us600m-miami-monorail

KUALA LUMPUR (Oct 21): The Miami-Dade Board of County Commissioners in the US state of Florida has approved an interim contract of up to US$14 million (about RM58.03 million) with Genting Group and Meridiam Infrastructure North America Corp to study the feasibility of building a monorail between the city of Miami and Miami Beach within a year to 18 months, The Real Deal reported, quoting a spokesperson for the project.

According to The Real Deal report yesterday, the US$14 million contract marks the first step in approving the nearly US$600 million system across the MacArthur Causeway. It was reported that the commission will vote on a final plan and contract after the feasibility study is completed.

The report, however, did not say which operating entity under casino and hotel operator Genting Group is undertaking the monorail project.
According to Genting Bhd’s website, Genting Group comprises Genting Bhd and its listed companies, which are Genting Malaysia Bhd, Genting Plantations Bhd and Genting Singapore Ltd, as well as Genting Bhd’s wholly-owned unlisted subsidiaries Genting Energy Ltd and Resorts World Las Vegas LLC.

It is believed that the monorail project is undertaken by one of Genting Malaysia’s operating entities.

Genting Malaysia’s latest annual report shows that its wholly-owned subsidiaries include Resorts World Miami LLC and Resorts World Omni LLC.
According to The Real Deal report, the interim contract was portrayed as a “baby step” to explore the feasibility of moving forward with a larger US$586.5 million agreement with MDM Partners LLC to build a monorail system across the MacArthur Causeway.

"MDM Partners is led by Meridiam and Genting. Meridiam built the US$1 billion underwater Port of Miami Tunnel.

"Genting, a Malaysian-based casino company, owns about 12ha (30 acres) near the Adrienne Arsht Metromover station in Miami’s Omni neighbourhood, including the former Omni Mall and the waterfront former Miami Herald site, with the intent of building a resort with a casino. So far, Genting has not been unable to secure legalisation for a gambling operation on that land, but it did secure a deal with the county in 2017 to build a 300-room hotel and bus depot near the Metromover station.

"Plans for a monorail between the city of Miami and Miami Beach took a step forward on Tuesday (Oct 20) [in spite of calls for a deferral from Miami Beach]. The interim agreement will span 18 months, during which time engineers will consult with officials from Miami and Miami Beach, as well as the county,” The Real Deal reported.

At the time of writing this theedgemarkets.com report today, Genting Malaysia had not made any announcements to Bursa Malaysia in response to reports on Genting Group’s interim monorail contract in Florida.

At Bursa’s 12.30pm break today, Genting Malaysia’s share price settled down one sen or 0.5% at RM2.01, with a market value of about RM11.36 billion.

The stock saw 4.06 million shares traded.

Just wait for Next Month Q3 result. If result could break even consider very good.
Q4 should be better than Q3 as most of the Casinos and Cruises already start operation.

Next year if Virus is over and Las Vegas Casino open, then share price up all the way.

https://www.thestar.com.my/business/business-news/2020/10/19/asian-markets-jump-on-vaccine-us-aid-hopes-china-data-caps-gains

Asian markets jump on vaccine, U.S. aid hopes
US and China Vaccine to be ready by end of the year.

https://www.genting.com/life-sciences/

GENTING - LIFE SCIENCES & BIOTECHNOLOGY -
- medical supplies

Singapore has already open for Hong Kong this week.
Later open for China, Vietnam, New Zealand and Thailand.
Singapore Santosa Casino should recover soon.

Devilsadvocatee.......where do you get the information.
Philip......do you have any knowledge ?

Look like sell on NEWS

Just pray that the Covis19 Virus over soon and waiting to Las Vegas Casino to open in Summer next year. We can't do anything.
Once the Covid19 end, Rubber Gloves stocks free fall.

https://skift.com/2020/10/13/malaysias-genting-and-spains-melia-are-the-only-travel-companies-to-top-a-new-corp-sustainability-ranking/amp/

Kudos to the two companies for coming out on top of The Wall Street Journal’s ranking. But shame on the rest of the sector. Time to do better.

Malaysia’s Genting and Spain’s Melia Are the Only Travel Companies to Top a New Corp Sustainability Ranking

Genting Group in Kuala Lumpur, Malaysia, and Meliá Hotels in Spain were the only travel companies that The Wall Street Journal included in its ranking of the 100 most sustainably managed companies in the world.

The list, published Tuesday, evaluated more than 5,500 publicly traded businesses based on sustainability metrics. Genting, which ranked 14th, owns casinos, resorts like Sentosa, theme parks, and cruise lines.

Genting’s Malaysia unit, for example, is a resort operator that regularly reports a “triple bottom line,” covering the company’s financial, environmental, and social impact. The company trains its employees to observe protocols for conserving biodiversity in the areas surrounding its properties, efficiently using water and fuels, and managing effluents and waste properly.

“Genting Malaysia has made environmental protection and preservation an integral part of its corporate philosophy and business policy since its incorporation,” said Dato’ Sri Lee Choong Yan, president and chief operating officer and executive director.

GENM dividend 9.9%
GENTING dividend 7.19%
Better than EPF and FD.

Why so many people continue selling like the end of the world.
They really no balls.

https://www.thestar.com.my/news/nation/2020/10/13/hishammuddin-meets-with-chinese-foreign-minister-covid-19-vaccine-top-of-the-agenda

Hishammuddin meets with Chinese foreign minister, Covid-19 vaccine top of the agenda

Down just because of CMCO in Selangor and KL & Anwar going to Istana.
Not just Genting down, KLSE mostly down.

limkokthye.......do not simply make any assumption. How do you know 3&4 quarter results also loss terrible.

How often do you go to Genting hotel and Casino ? God also don't know.

https://www.businesstimes.com.sg/transport/cruises-to-nowhere-genting-cruises-get-more-than-6000-bookings-in-5-days?amp

Cruises to nowhere: Genting Cruises get more than 6,000 bookings in 5 days

https://www.theedgemarkets.com/article/chinas-foreign-minister-visit-malaysia

KUALA LUMPUR (Oct 11): Foreign Minister Datuk Seri Hishammuddin Hussein will play host to his counterpart from China, Wang Yi, during the latter's official visit to Malaysia from tomorrow until Tuesday.
During the visit, Hishammuddin and Wang will discuss the status of China's Covid-19 vaccine, enhancing economic cooperation, post-pandemic collaborations, and strengthening existing ties and cooperative efforts between the two countries.

Interim Single-tier dividend....Will use the dividend money to accumulate more.
Date Payable : 22 Oct 2020

"Genting is also an active investor in life sciences (TauRx, Cortechs Labs, DNAe, Celularity). We view these investments as ‘call options’ that could pay off handsomely, ” it said.

https://www.thestar.com.my/business/business-news/2020/10/09/six-mega-projects-may-be-rolled-over-into-budget-2021

Six mega projects may be rolled over into Budget 2021

https://www.thestar.com.my/business/business-news/2020/10/09/six-mega-projects-may-be-rolled-over-into-budget-2021

Six mega projects may be rolled over into Budget 2021

https://www.thestar.com.my/business/business-news/2020/10/09/cpo-futures-rally-to-two-week-high-of-rm2936

CPO futures rally to two-week high of RM2,936

Good news for GENTING PLANTATION. - Genting group subsidiary.

https://www.thestar.com.my/aseanplus/aseanplus-news/2020/10/09/china-joins-deal-to-get-covid-19-vaccine-to-poorer-nations

China joins deal to get Covid-19 vaccine to poorer nations

https://klse.i3investor.com/blogs/kenangaresearch/2020-10-05-story-h1514451054-Gaming_Better_Odds.jsp

GENTING - TP: RM5.10 Mid next year.
Buy now and accumulate more.

https://klse.i3investor.com/servlets/ptres/57155.jsp

Source : AmInvest
We initiate coverage on Globetronics Technology (GTB) with a HOLD recommendation and fair value of RM2.39/share,

https://klse.i3investor.com/blogs/kenangaresearch/2020-10-05-story-h1514451054-Gaming_Better_Odds.jsp

We believe the worst is over for the sector after the washed-out 2QCY20 due to lockdowns as business operations have already resumed, albeit earnings recovery is likely to remain patchy for casino operators while NFO players have seen their ticket sales at 85% pre-MCO level. Meanwhile, GENM is our TOP PICK for this space as we believe it is the direct beneficiary of earnings recovery on the back of local tourism as overseas travel is not possible at this juncture and the last time we saw its share price this low was in Feb 2009. However, albeit attractive valuation, GENTING’s earnings are likely to be affected by lacklustre prospect of GENS in the near term. Overall, business volume for both casino and NFO should slowly pick up in 2HCY20 and investors should look further to next year’s earnings recovery instead of this wash-out year. As such, we remain OVERWEIGHT on the gaming sector. For income seekers, both NFO players offers above average yield of >7%.

Casinos: earnings should pick up post-reopening from the badly hit 2QCY20. We now prefer GENM (OP; TP: RM2.75) over GENTING (OP; TP: RM5.10) as it is an recovery play for domestic-centric earnings whereas the latter has exposure to GENS (Not Rated) which is highly reliant on overseas patrons. Thus, GENM has the better edge on earnings recovery as there is currently no possibility of international travelling, but local attractions including Genting Highlands are visited by local tourists and day trippers. Meanwhile, all Genting group’s casinos have reopened from COVID-19-led lockdown except for GENM’s Resorts World Bimini in the Bahamas which had temporarily suspended operations again from 25 Jul after re-opening for merely three weeks earlier on 01 Jul due to a spike of new cases there. Going forth, we are of the view that any earnings recovery would not be material in the immediate term, as the gaming floor operations are restricted by SOP rule, but a meaningful recovery is likely to be seen next year as more vaccines are likely to be ready by then.

GENTING (OP; TP: RM5.10)

All Casinos and Cruise back to normal.....good. Now waiting for better result next year.

https://www.thestar.com.my/business/business-news/2020/10/08/oil-prices-rise-as-hurricane-delta-enters-us-gulf-of-mexico

Oil prices rise as Hurricane Delta enters US Gulf of Mexico

https://www.theedgemarkets.com/article/half-billion-travelers-show-chinas-economy-moving-past-covid

If next year Malaysia open for CHINESE tourist, GENTING share limit up TP 5.00
January 2021 open for SINGAPORE, TP 4.50

https://www.thestar.com.my/aseanplus/aseanplus-news/2020/10/08/japan-to-remove-travel-ban-to-12-countries-including-malaysia

Japan to remove travel ban to 12 countries including Malaysia

https://www.thestar.com.my/aseanplus/aseanplus-news/2020/10/08/singapore-to-resume-cruises-to-nowhere-for-residents-from-november

Singapore to resume cruises to nowhere for residents from November

yes.....buy more to average down. Current price good support level. Expect next year getting better dividend. Operation back to normal.

GENTING just buy and keep until mid next year when Las Vegas Casino open.
No need to monitor the price everyday.

https://www.thestar.com.my/aseanplus/aseanplus-news/2020/10/07/china039s-experimental-coronavirus-vaccine-appears-safe-study

China's experimental coronavirus vaccine appears safe: Study

https://www.thestar.com.my/business/business-news/2020/10/07/genting-hong-kong-set-to-get-us227m-from-german-govt

Genting Hong Kong set to get US$227m from German govt.
LKT save by German Government.

https://www.thestar.com.my/business/business-news/2020/10/07/og-stocks-turn-palatable

PETALING JAYA: The worst could be over for the oil and gas sector and stock-picking within this industry could become viable again, according to Kenanga Research.

https://klse.i3investor.com/insider/director/7140/06-Oct-2020/152330_3458262535.jsp

https://www.cnbc.com/2020/10/05/oil-markets-donald-trump-coronavirus.html

Oil jumps nearly 6% on stimulus hopes, Norway production shutdowns

RM3.50 coming soon. Don't wait anymore.

China vaccines to be ready by November 2019.

https://www.thestar.com.my/aseanplus/aseanplus-news/2020/10/06/chinese-firm-finds-hostility-and-smears-add-hurdles-to-covid-19-vaccine-race

Chinese pharmaceutical companies are enjoying unprecedented involvement in the global race to find Covid-19 vaccines – four of the 10 candidates in the final stage of human trials were developed by Chinese firms, rubbing shoulders with Western giants AstraZeneca, Pfizer and Johnson & Johnson – and huge sums are on the line.

Buy ICON now, one day oil price sure go up.
long term target plan .....Buy 0.105.....sell 0.120

Anything is possible

https://klse.i3investor.com/blogs/kenangaresearch/2020-10-05-story-h1514451054-Gaming_Better_Odds.jsp

GENTING TP: RM5.10

https://klse.i3investor.com/servlets/ptres/57120.jsp

Source : KENANGA
Stock : GENTING
Price Target : 5.10
Price Call : BUY
Last Price : 3.16
Upside/Downside : +1.94 (61.39%)

https://www.thestar.com.my/business/business-news/2020/10/05/time-to-accumulate-construction-stocks

Time to accumulate construction stocks

https://www.thestar.com.my/business/business-news/2020/10/05/time-to-accumulate-construction-stocks

Time to accumulate construction stocks

https://klse.i3investor.com/blogs/kenangaresearch/2020-10-05-story-h1514451054-Gaming_Better_Odds.jsp

GENTING OP; TP: RM5.10

We believe the worst is over for the sector after the washed-out 2QCY20 due to lockdowns as business operations have already resumed, albeit earnings recovery is likely to remain patchy for casino operators while NFO players have seen their ticket sales at 85% pre-MCO level. Meanwhile, GENM is our TOP PICK for this space as we believe it is the direct beneficiary of earnings recovery on the back of local tourism as overseas travel is not possible at this juncture and the last time we saw its share price this low was in Feb 2009. However, albeit attractive valuation, GENTING’s earnings are likely to be affected by lacklustre prospect of GENS in the near term. Overall, business volume for both casino and NFO should slowly pick up in 2HCY20 and investors should look further to next year’s earnings recovery instead of this wash-out year. As such, we remain OVERWEIGHT on the gaming sector. For income seekers, both NFO players offers above average yield of >7%.

Casinos: earnings should pick up post-reopening from the badly hit 2QCY20. We now prefer GENM (OP; TP: RM2.75) over GENTING (OP; TP: RM5.10) as it is an recovery play for domestic-centric earnings whereas the latter has exposure to GENS (Not Rated) which is highly reliant on overseas patrons. Thus, GENM has the better edge on earnings recovery as there is currently no possibility of international travelling, but local attractions including Genting Highlands are visited by local tourists and day trippers. Meanwhile, all Genting group’s casinos have reopened from COVID-19-led lockdown except for GENM’s Resorts World Bimini in the Bahamas which had temporarily suspended operations again from 25 Jul after re-opening for merely three weeks earlier on 01 Jul due to a spike of new cases there. Going forth, we are of the view that any earnings recovery would not be material in the immediate term, as the gaming floor operations are restricted by SOP rule, but a meaningful recovery is likely to be seen next year as more vaccines are likely to be ready by then.

Acquisition will increase the future revenue and profit.