Posted by neohts > 1 day ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/07/19/genting-plantations-to-acquire-152-hectares-in-indonesia-for-rm593mil-for-property-development

Genting Plantations to acquire 152 hectares in Indonesia for RM593mil for property development

Posted by speakup > 1 day ago | Report Abuse

We Huat together in Genting

Posted by AngTayKor > 1 day ago | Report Abuse

Posted by benqwe12345 > 1 day ago | Report Abuse
willing to buy Taurx shares
Can I know the price?
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Posted by Michaelchan2024 > 9 hours ago | Report Abuse
My investment in Genting was never based on hoping for a miracle FDA approval of TauRx. To me, TauRx is a bait used by traders to con people into buying Genting shares.
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You sure you still want to buy Taurx shares? Got people here say Taurx useless la, Taurx is used to con investors leh...

Actually Taurx news are small swings only. The biggest swing was actually Pfizer and Moderna covid vaccine trial result success (early Nov 2020). Trader bought when below 3.00 for a few days only suddenly vaccine trial success, trader increased position size along the way and exited at 4.30+, made rm2m in profit in abt 2 weeks. Re-entered again during pull back consolidation near 4.00 zone and made over rm1m profit within 4 weeks. Taurx news peanuts return for this stock so far. Covid vaccine news was much much more powerful.

You guys very solid can hold a stock for years and years! Covid already more than 4 years ago but stock price still quite hopeless.

Posted by Michaelchan2024 > 1 day ago | Report Abuse

https://theedgemalaysia.com/node/719697
Foreign tourist arrivals surged to 9.48 mil as of May 2024 — Zahid

He said the Ministry of Tourism, Arts and Culture has targeted 27.3 million international tourists and an income of RM102.7 billion this year. Cheers!

Posted by Michaelchan2024 > 1 day ago | Report Abuse

In actual fact, it's the uncertainty surrounding inflation and the appreciation of the US dollar during efforts to combat inflation that has led investors to stay away from casino stocks. The US dollar's appreciation, driven by the Federal Reserve's interest rate hikes, has created a challenging environment for international revenue conversion and increased market volatility.

Posted by Michaelchan2024 > 1 day ago | Report Abuse

However, as the world appears to have reached the peak of the inflation cycle, with the US Federal Reserve contemplating interest rate cuts in September 2024, the resulting depreciation of the US dollar is likely to reduce market uncertainty. This shift is expected to restore investor confidence, making casino stocks more attractive. The anticipated decrease in market volatility and improved financial outlook should encourage investors to buy into casino stocks once again.

Posted by KooSan > 1 day ago | Report Abuse

Trump will make America great again. Better than the nyanyuk Biden.

Posted by Michaelchan2024 > 1 day ago | Report Abuse

This is an investment in the stock market. I respect the many investors who made millions of dollars during the COVID pandemic while keeping a low profile. They are the true investors in the stock market. Yes, it's all about patience...patience, timing, and strategy. Let's hold on to Genting and prosper together in the next few years.

Posted by AngTayKor > 1 day ago | Report Abuse

As a trader, its all abt the timing n big swings, not the amt of time in the market n time spent posting in chat forums. Having caught over 10 big n small swings since stock price was below 3.00, I think thats equivalent profit of stock price rm8 to 9 liow when trader exited n pumped in all money into taurx.

Posted by KooSan > 1 day ago | Report Abuse

Trader needs skills and really good charting skills. Without these skills, its like gambling in casino. So, if a person does not not the skills, better stick to being value investor.

Posted by Michaelchan2024 > 1 day ago | Report Abuse

👍👍

Posted by AngTayKor > 23 hours ago | Report Abuse

Yes @Koosan, a trader's mental psychology, strategy n self-discipline rank above charting skills.

Posted by Michaelchan2024 > 22 hours ago | Report Abuse

Historically, casino stocks have shown sensitivity to broader economic conditions, including interest rates, currency fluctuations, and investor sentiment.

Historical Context of Casino Stocks:

1) Economic Cycles: Casino stocks often perform well during periods of economic growth when discretionary spending increases. Conversely, they can struggle during economic downturns as consumers cut back on leisure activities.

Example: Extraordinary achievement in attaining 5.8% economic growth in Q2 2024.
👍👍👍👍👍
2) Interest Rates: Lower interest rates typically reduce borrowing costs, which can benefit casino companies that often carry significant debt. Additionally, lower rates can stimulate economic activity, leading to higher consumer spending, which is positive for the casino industry.

Example: The Federal Reserve is expected to cut interest rates in September 2024, which could help the casino industry by reducing borrowing costs and stimulating spending.
👍👍👍👍👍
3) Currency Fluctuations: A weaker US dollar can boost tourism as it makes travel to the US cheaper for international visitors, potentially increasing casino revenues.

Example: With the US Federal Reserve contemplating interest rate cuts in September 2024, the resulting depreciation of the US dollar is likely to reduce market uncertainty and restore investor confidence.
👍👍👍👍👍
4) Market Volatility: Reduced market uncertainty and lower volatility can enhance investor confidence, making stocks, including those in the casino industry, more attractive.

Example: The anticipated interest rate cuts and subsequent depreciation of the US dollar in September 2024 are expected to reduce market uncertainty and restore investor confidence.
👍👍👍👍👍

Posted by Michaelchan2024 > 22 hours ago | Report Abuse

I understand that not all posts will appeal to everyone. If you find this content uninteresting, feel free to skip it.

Posted by KooSan > 21 hours ago | Report Abuse

@ATK Since you mentioned mental psychology, strategy....these also applies to gambling in casino, right? Heart attack after winning.
Hahaha....yes mental psychology, strategy are important

Posted by AngTayKor > 19 hours ago | Report Abuse

You need to have an edge over others, a strategy that can be repeated with higher chance of probability. In casino payout, the house will have an edge so its a matter of average out long term play house sure win.

Posted by AngTayKor > 19 hours ago | Report Abuse

In stock trading, there is a very important factor called trend. If you follow the trend, your probability of winning becomes higher. Stock trading is a probability game. Always watch the downside, the upside will take care of itself. Trade defensively, safety first. Have your own trading rules n follow your trading rules religiously.

Posted by AngTayKor > 19 hours ago | Report Abuse

I have never put down a single dollar on the casino table in my life. I dont have an edge over the house, so i avoid their game totally. I choose the battlefield where i have an edge.

Posted by AngTayKor > 19 hours ago | Report Abuse

Some good traders got their initial training at playing poker. Calculated risk. Know when to hold n when to fold the cards. Control your emotions n read the other players.

Posted by KooSan > 19 hours ago | Report Abuse

Very well said.

Posted by eagleye > 19 hours ago | Report Abuse

@KooSan, AngTayKor is an expert.
He cares and shares.
Some gained financially fr his advice.

Posted by AngTayKor > 15 hours ago | Report Abuse

Posted by neohts > 2 days ago | Report Abuse
OTB - US cannot get. But UK possible.
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Posted by AngTayKor > 1 week ago | Report Abuse

https://alz-journals.onlinelibrary.wiley.com/doi/10.1002/alz.13859

This paper is backed by National Institute on Aging (under N.I.H), Alzheimer's Association etc. Notice Billy Dunn is also a committee inside. Good for Taurx.
************

@neohts, you have to read this USA based medical paper very carefully.

Posted by Michaelchan2024 > 8 hours ago | Report Abuse

Trump told CNN on Sunday that he believed Harris would be easier to defeat.

A Trump win in the 2024 presidential election could have various implications, including:

Lower interest rates: This could result in a weaker dollar, which would be beneficial for exports.
Lower taxes: Potentially stimulating business growth and consumer spending.
Delay for TauRx: It might have to wait five more years for potential advancements or approvals.
Positive impact on Resorts World properties: Including Resorts World Las Vegas and Resorts World New York City, likely due to favorable business policies.

马屁精 is right,
Don't be conned and
don't be cheated..

Posted by neohts > 8 hours ago | Report Abuse

AngTayKor......noted with thanks

Posted by neohts > 6 hours ago | Report Abuse

let the weak holder sell first. I believe afternoon will comeback even stronger.

Posted by Pinky > 6 hours ago | Report Abuse

@Michaelchan2024 Kamala candidacy will put more Conservatives even more firmly behind Trump

Posted by newbie2019 > 6 hours ago | Report Abuse

what happened? cashing down? really 4.5-4.85? narrowing range?

Posted by AngTayKor > 6 hours ago | Report Abuse

I think Biden already a Mild Cognitive Impairment patient liow on the way to becoming an AD Mild patient.

Posted by Save > 5 hours ago | Report Abuse

Foreign fund nett buying Day 16 last Friday +93M, Local institution keep nett selling -102M. KLCI short term support 1630 unfortunately broken down so easily, let see if today can close above 1630. If today is a bearish engulfing or evening star candlestick, market may settle down for portfolio rearrangement for future Trump presidency until Olympic games finish. It seems foreign fund temporally trapped by local institutions. Genting is the beneficiary of Trump presidency, thus should be good near Olympic games ended. Watch 4.85

Posted by Michaelchan2024 > 5 hours ago | Report Abuse

@ Pinky, yes, US presidential election is a done deal.

Posted by Michaelchan2024 > 4 hours ago | Report Abuse

GenB dropped by almost 2% on low volume, why ar?

Posted by Michaelchan2024 > 4 hours ago | Report Abuse

it can indicate a few different scenarios:

1) Lack of interest can lead to price movements with relatively small trades.

2) Market noise: Sometimes price changes on low volume are just noise.., meaning they don't necessarily indicate a significant change in sentiment or fundamentals.

3) Weak selling pressure: The drop might be caused by a small number of sellers, which can move the price due to the low volume.. This might not reflect a broader market consensus.

Posted by newbie2019 > 4 hours ago | Report Abuse

so…. going back to 4.5 slowly
so jialat

Posted by Michaelchan2024 > 4 hours ago | Report Abuse

https://www.klsescreener.com/v2/news/view/1361927/sustainable-recovery-awaits-casino-operators-according-to-hlib-research
Sustainable recovery awaits casino operators, according to HLIB Research

The research firm anticipates continued earnings recovery for Genting Singapore (GENS) and Genting Malaysia (GENM) for the second half of 2024 (2H24), benefiting Genting Group, driven by the ongoing rebound in tourist numbers.

Posted by Michaelchan2024 > 4 hours ago | Report Abuse

Bukan 4.50.. you can buy at 4.30

Posted by prudentinvestor > 4 hours ago | Report Abuse

Maybank IB's recommendation tak boleh pakai again. Many are trapped at above RM4.80.

Posted by AngTayKor > 4 hours ago | Report Abuse

Posted by Michaelchan2024 > 4 hours ago | Report Abuse

Trump told CNN on Sunday that he believed Harris would be easier to defeat.

A Trump win in the 2024 presidential election could have various implications, including:

Delay for TauRx: It might have to wait five more years for potential advancements or approvals.
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@Michael， you like to 自編自導自演？ 🤣🤣🤣

Posted by AngTayKor > 4 hours ago | Report Abuse

If you think Maybank analyst honestly helping retail investors to huat, then please hold on or buy even more.

Posted by Michaelchan2024 > 4 hours ago | Report Abuse

@ATK, you too always like to 自編自導自演.

Posted by AngTayKor > 4 hours ago | Report Abuse

Im merely reflecting experiences as a trader la, sharing my trading knowledge.

Posted by AngTayKor > 4 hours ago | Report Abuse

Posted by AngTayKor > 14 minutes ago | Report Abuse

If you think Maybank analyst honestly helping retail investors to huat, then please hold on or buy even more.
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In the state of euphoria, history lessons will be easily forgotten. To be a good trader, you also need to understand crowd psychology and remember history lessons.

Posted by AngTayKor > 3 hours ago | Report Abuse

Posted by AngTayKor > 6 days ago | Report Abuse

A day trading whale. One day's lunch at a time.
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On top of that, a good trader needs to be observant when looking at daily and intraday price action.

Posted by AngTayKor > 1 hour ago | Report Abuse

Olympic Games Paris 2024

26 July 2024 – 11 August 2024

I think the stock market is going to be quiet.

Posted by Pinky > 1 hour ago | Report Abuse

A mystery - why ATK only appears in Genting topic in i3??? 🤔

Posted by neohts > 54 minutes ago | Report Abuse

To me now is collection mode.. Bought 4.71

Posted by Michaelchan2024 > 46 minutes ago | Report Abuse

ATK is always active when GenB's price drops. I often did the reverse of what he advised. The most obvious instance was when GenB's price dropped to 4.02, he told me to sell, but I bought more.. what a joke 😃

Posted by Michaelchan2024 > 41 minutes ago | Report Abuse

He was there twice when GenB's price dropped to 4.50 and I laughed. 😂

Posted by Michaelchan2024 > 39 minutes ago | Report Abuse

A guy lik that obviously can't be trusted..

Posted by Michaelchan2024 > 38 minutes ago | Report Abuse

马屁精 is right,
Don't be conned and
don't be cheated..

Posted by AngTayKor > 5 minutes ago | Report Abuse

Posted by Michaelchan2024 > 25 minutes ago | Report Abuse

ATK is always active when GenB's price drops. I often did the reverse of what he advised. The most obvious instance was when GenB's price dropped to 4.02, he told me to sell, but I bought more.. what a joke 😃
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I bought when around 4.05 zone then. It was around the low and hence Im preaching to MM to "cutloss". Those "cutloss words" were for the nasty MM, not for you @Michael. You really so silly to believe then? 🤣🤣🤣