Sources Say Anwar Will Be Making A “Big Announcement” Today, Claims To Have 123 Seats A “big announcement” will be made at noon today.
Datuk Seri Anwar Ibrahim said that he has “an important announcement”, and that a press conference about this will be held in Le Meridien Kuala Lumpur at noon today (23 September 2020).
Sin Chew Daily speculates that the Parti Keadilan Rakyat President will most probably announce that he has secured the support of 123 Members of Parliament (MP) – a majority of seats that will allow him and the Pakatan Harapan coalition to form the Government.
Genting Malaysia holds a monopoly and due to covid-19 is the number one holiday destination in the country, with visitation numbers climbing everyday just look at the videos or open waze and look at the traffic
GENM is a minimum rm6 by 2021 coming out of a recession it has been proven every single time that the good times will roll and gaming profits soar to record highs
The risk:reward is 40:1 all you need to do is go up Genting and see for yourself the people and the impossible dream that uncle Lim built to last the test of time
Genting Malaysia to see EBITDA turnaround from 4Q20 as domestic tourism aids Resorts World Genting: Nomura Ben Blaschke by Ben Blaschke Friday 18 September 2020 at 05:38
Genting Malaysia can expect to see an EBITDA turnaround starting from the fourth quarter of 2020, with all of its major casinos now open again and domestic tourism aiding the recovery of its flagship Malaysian IR Resorts World Genting.
According to a report on Malaysia equity strategy published by a team of Nomura research analysts on Thursday and examining the state of the Malaysian economy during COVID, Resorts World Genting is already showing strong signs of recovery – up to 40,000 visitors per day and with the 50% of hotel rooms open sitting at 90% average occupancy since reopening in June.
“We expect Resorts World Genting to stage a gradual recovery over the coming quarters, with a sharp inflection come FY22 with the opening of the theme park (official timeline is mid-2021, but prone to slippages),” Nomura’s report said.
However, the reopening of the company’s US casinos at Catskills and New York City, “combined with the good footfalls seen at the Malaysian casino since reopening in June due to low dependence on a foreign clientele, should result in a turnaround in EBITDA from the 4Q20 results season.”
Nomura noted that while fellow Genting Group subsidiaries like Genting Singapore, which rely far more heavily on inbound tourism, face a much longer recovery time, Genting Malaysia is performing well due to domestic tourism.
“While international inbound traffic is essentially negligible, domestic tourism seems to be filling the void, as Malaysians are vacationing within the country,” it says.
“A study of Google Search Trends in Malaysia shows that while airline search trends are still below pre-COVID-19 levels, searches for terms relevant for local tourism within Malaysia such as ‘hotel bookings’ and ‘Genting’ are almost back to pre-COVID-19 levels, whereas search trends for COVID -19 have declined, suggesting fading fear factor.”
Nomura has maintained its Buy rating for Genting Malaysia stock, which it says it prefers over Genting Berhad due to a better balance sheet and concerns over short-term ROIC for the latter’s Resorts World Las Vegas project.
Gloves are crashing. Vaccines are also crashing. Both are overhyped
The entire market is in a bloodbath
But GENM stands tall rock solid as the mountain in which it sits. Even after ex-dividend. That is telling you something. It means when markets turn and rebounds, it will jump up like a spring unleashed
GENM confirm profit stock only question you need to decide is how high %
Only 24 Covid-19 cases today. If nothing else, Malaysia's handling of the pandemic is world class. Genting Highlands/Malaysia segment makes up 75-80% of GENM's EBITDA
With the US markets shrugging off covid-19 fears and flying as we speak, tomorrow will be the start of GENM's rise. Better and better quarters ahead, vaccine development, RW Catskills and RW New York City opening, Genting Highlands theme park in 1Q21, customary year-end/CNY rally for gaming stocks...
GENM is essentially back to pre-covid 19 visitor levels
With a host of vaccine results to be announced in October and November, all it needs is just positive trials and it will be limit uppp and then when the Ministry of Health signs an agreement with one of the vaccine producers...tripleee limit uppp
There it is...switching to recovery stocks has begun
Wave after wave buy up is coming
In all the volatility, GENM is the safest refuge
Covid-19 (and its effects) are one-off and temporary events, even the most hardcore glove shareholder and article assumes the pandemic to last at most 2 years... Gloves are therefore a ticking time bomb, waiting for a day when it will fall back and normalise...because this too shall pass and the indomitable human spirit shall forever endure
And Gaming stocks? Gambling is human nature since time immemorial. GENM atop the mountain where it stands, shall endure for as long as earth exists. And once this one-off event passes into memory, profits will rise once more, and for those who have studied its past, you will know that coming out of a recession, GENM / casino profits always make record highs
Remember my brethren, form is temporary, class is permanent
Everywhere there is bloodbath, but GENM stands tall ! Because everyone is waiting for weak shareholders to exit and to mop up those cheap shares before the market turns and recovery stocks come into play and go into a melt up ! Sialanggggg
Those who doubt GENM just need to go up Genting Highlands and see for yourself the crowds and stand in awe of the vision that Uncle Lim Goh Tong had so many years ago...truly riches to last until the end of the world for as long as the mountain and the land and the earth exists.
Total covid-19 cases today is 62, out of which 56 are local, out of which 50 are in Sabah. Fear not, because Peninsular Malaysia remains covid-19 free and the King of the Mountain stands tall amongst the clouds...
Gloves are down. Pharma are also down. Both sectors are overhyped
The number one and only correct play is recovery stocks
6 months from now, you will be up at genting highlands and looking upon the crowds and the world at your feet, you will be wondering to yourself (like the old timers in 1998 and 2009 and bank stocks...) was there any doubt that Genting shall once again claim the title as the true king of the skies
Glove also got IB say TP RM100 before split go buy la trololol...all 'sifus', paid group, old man koon, pasar aunty everyday shout post article spam forum see where is it lol no need give 30% la...i give 10% above current share price now everyone of them and their grandma will sell all glove shares trolololo
You stuck at high or for those havent bought, just buy la genting malaysia is a minimum triple digit return by chinese new year next year
In 6 months, 12 months from now when this has all passed, and Genting is packed with people, you will look back on this day and wonder to yourself, why did you ever doubt Genting (like those weary old timers who thought banks would go down in the asian financial crisis in 1997 or the global financial crisis in 2009...)
Dont worry, uncle lim will take you all to the promised land
Malaysia makes up 75%-80% of Genting Malaysia (GENM) EBITDA
Malaysia is covid-19 free
Visitor volume is back to 2/3 of pre-covid level.. and judging from the Merdeka holidays visitors may even hit record highs as there is a overseas travel ban and Genting becomes the top holiday destination in the country
Hence GENM will rise regardless and does not need to rely on a vaccine
If a vaccine comes soon, China which makes up about 10% of visitors will be back. So GENM flies
If one does not come soon, Malaysians will make up for the shortfall, because months staying at home has made everyone restless and if you're saying they don't have money...look at Bursa's retail participation gambling is human nature and when Bursa is closed...where do you think they're going to gamble...when that happens you buy the house because the house always wins. So GENM flies
NEW YORK, Sept. 3 -- Malls in New York City and casinos statewide can reopen on Sept. 9 as COVID-19 infections have remained low, New York State Governor Andrew Cuomo said Thursday.
Malls in the city will be allowed to reopen at 50 percent capacity and casinos statewide can reopen at 25 percent capacity on Sept. 9, Cuomo said Thursday during a conference call with reporters.
"Thanks to the hard work of New Yorkers, we are at a point in our fight against this virus where we can safely reopen malls in New York City as long as they adhere to strict health and safety protocols," Cuomo said. "Masks, enhanced air ventilation systems, and social distancing will be mandatory."
The governor also talked about the hotly debated issue of indoor dining in New York City, saying during the conference call that the final decision rests with the state.
Cuomo said he would like to see restaurants reopening for indoor dining in the city but compliance and enforcement remain a major hurdle in doing so.
Maybank noted that the outlook for two of Genting’s key subsidiaries – Genting Malaysia and Genting Singapore – was mixed.
“49%-owned Resorts World Genting (RWG )has been performing better than Genting Malaysia expected,” Yin said. “RWG reopened on 19 June 2020 with ~30,000 visitors daily but now welcomes ~45,000 visitors daily. RWG may have recouped 2/3 of its usual visitation.”
With reopening in June 2020 and genting full every damn day, the worst is truly over
Vaccine after vaccine news, reopening of economy, travel ban overseas making genting the premier tourist destination, and then eventually the reopening of borders and 'travel bubbles' between Asian countries that are covid-19 free like China, South Korea, SG etc...
You want to buy when it shows profits? Can...you wait la next year Chinese New Year you can buy at RM 6 trolololo remember, markets are always forward looking
My comrades, my brethren, my brothers in arms, sialanggg with conviction in uncle lim we trust huaaaaaaaaaaaaaat
Malaysia has handled covid-19 well. Genting everyday full full and domestic actually make up majority of income. Only way is up up and away to infinity an beyonddd few cents want to kira play contra ka lol go play goreng penny stocks la this is sialanggg stock next year RM5 huaaaaaaaat