Posted by emsvsi > 2021-08-30 09:40 | Report Abuse

Remember Genting provides the lowest entry and exposure to the Las Vegas gaming revival* through its 100% owned USD 4.3 billion Resorts World Las Vegas

(*the GGR has surpassed 2019's pre-pandemic levels by 25% - see link above shared by forumers)

Posted by DestinyL > 2021-08-30 09:43 | Report Abuse

Somebody please hoot RM5!

Posted by newbie2019 > 2021-08-30 09:44 | Report Abuse

nice!!!!!

Posted by DestinyL > 2021-08-30 09:45 | Report Abuse

Damn.... somebody hoot 1 lot RM5, come on, hoot minimum 10 lots lah lol

Posted by newbie2019 > 2021-08-30 09:46 | Report Abuse

lol

Posted by Sharefisher > 2021-08-30 09:47 | Report Abuse

Don't worry... 5 all cleared.... Haha ha... Where are those fear creators? Pls come let uncle slap your faces.

Posted by Keyman188 > 2021-08-30 09:47 | Report Abuse

Finally break RM 5 today...


wkwkwk...kekeke...hehehe...

Posted by emsvsi > 2021-08-30 09:48 | Report Abuse

AT RM9.99 I WILL HOOT RM10 !!!

Posted by Riaz1954 > 2021-08-30 09:48 | Report Abuse

Only way is up, once all casinos and outlets working the results will be firing on all cylinders, with Yokohama as a sweetener if that happens it will be bonus!

Posted by newbie2019 > 2021-08-30 09:48 | Report Abuse

wahahahaha

Posted by Sharefisher > 2021-08-30 09:49 | Report Abuse

Now, we need to wait for RWLV full quarter performance. Hold tight tight.

Posted by bullmarket1628 > 2021-08-30 09:49 |

Post removed.Why?

Posted by emsvsi > 2021-08-30 09:52 |

Post removed.Why?

Posted by Keyman188 > 2021-08-30 09:53 | Report Abuse

Foreign buying extends to third week, surges to RM964.3m

(theedgemarkets.com / August 30, 2021 09:42 am +08)

KUALA LUMPUR (Aug 30): Foreign buying of Malaysian equities extended for the third week and surged to RM964.33 million last week, from a paltry RM6.71 million the prior week.

In its weekly fund flow report today, the MIDF Research team said as the market reopened last Monday, foreign investors were net buyers amounting to RM6.7 million.

Meanwhile, it said local institutions bought RM19.16 million net of local equities, with retailers as net sellers to the tune of RM25.86 million.

The research house said foreign investors were net buyers every day of the week.

It said the largest foreign inflow was recorded last Thursday to the tune of RM310.79 million, while the inflow of RM6.7 million last Monday was the smallest.

“As for retailers, they were net sellers every day of the week except on Monday.

“The largest net selling by retailers was recorded last Tuesday and the smallest net selling was on Friday to the tune of RM48.43 million and RM16.88 million respectively.

“Cumulatively, for the week, retailers net sold RM113.96 million worth of equities on Bursa Malaysia,” it said.

MIDF said that meanwhile, local institutions recorded cumulative weekly net selling to the tune of RM850.37 million.

It said local institutions were net sellers every day of the week, with the largest net selling on Thursday to the tune of RM290.41 million.

Since the beginning of 2021, cumulatively, retailers were the only net buyers of the local equity market to the tune of RM9.46 billion.

Local institutions and foreign investors were net sellers to the tune of RM4.46 billion and RM5 billion respectively.

“In terms of participation, retail investors, local institutions and foreign investors recorded weekly movements of -3.82%, 9.89% and 16.82% respectively in average daily trade value (ADTV),” it said.



## https://www.theedgemarkets.com/article/foreign-buying-extends-third-week-surges-rm9643m

Posted by troy88 > 2021-08-30 09:58 | Report Abuse

I already said back to RM5+ was never a doubt..

Posted by emsvsi > 2021-08-30 09:58 | Report Abuse

This time there will be no more hiccups

This time we go all the way

Posted by wallstreetrookie > 2021-08-30 10:07 | Report Abuse

Theme park Skyworld will open soon. Buy ahead

Posted by wallstreetrookie > 2021-08-30 10:13 | Report Abuse

Genting will break out soon.

Posted by wallstreetrookie > 2021-08-30 10:13 | Report Abuse

Foreign fund bought billions of Ringgit

Posted by DestinyL > 2021-08-30 10:15 | Report Abuse

My recent buy was within RM4.6x to RM5.0x for me, maybe since 1 month ago
At RM5ish, i had no doubts it was going to make me money down the road

Posted by Davidl > 2021-08-30 10:17 | Report Abuse

Finally breakthrough 5

Posted by Gaogaolat > 2021-08-30 10:23 | Report Abuse

how much this quarter dividend paying

Posted by DestinyL > 2021-08-30 10:23 | Report Abuse

GenM is catching up. GenP up is a side bonus

Posted by Keyman188 > 2021-08-30 10:51 | Report Abuse

Kenanga ups target price for Genting on 'recovery play' despite 1HFY21 results missing expectations

(theedgemarkets.com / August 30, 2021 10:27 am +08)

KUALA LUMPUR (Aug 30): Kenanga Research said while Genting Bhd’s first half ended June 30, 2021 (1HFY21) core loss of RM111 million missed expectations, strong UK and US numbers in the second quarter (2QFY21) due to reopening and relaxing operating restrictions led the research house to believe that a swift recovery is in store for Resort World Group and Resort World Singapore once business and borders reopen.

As such, in a note today, it opined that Genting “is a good pick for recovery play”. Following that, Kenanga maintained its "outperform" call on the stock and raised its target price (TP) to RM6.47 from RM6.05.

“[We have] a mixed outlook for the upcoming 3QFY21 given the prolonged lockdown in Malaysia but this should be mitigated by the improving situation in the UK and US, especially RWLV (Resort World Las Vegas).

"Overall, business volume is likely to recover from 2HFY21 due to vaccination deployment where positive development has been witnessed in the western countries with higher vaccination rates,” it said.

For 2QFY21, Genting’s net loss narrowed 28.31% to RM563.5 million from RM786.05 million, while revenue rose 165.06% to RM2.9 billion from RM1.11 billion, mainly on the back of a higher contribution from its leisure and hospitality segment.

Post 2QFY21 results, Kenanga included RWLV into its forecasts and valuation.

“With the adjustment for Genting Malaysia (GenM), Genting Singapore (GenS) and Genting Plantations, we cut our FY21E earnings (estimate) by 31% but raised our FY22E earnings by 8%. We also cut our FY21E NDPS (net dividend per share estimate) by half to 7.5 sen but keep our FY22E NDPS at 15 sen,” Kenanga noted.

“Genting is a good pick for recovery play as its business should recover quickly once cross-border restrictions are lifted, especially for GenS. New casino RWLV could be a wild card judging from its initial data. With the inclusion of RWLV and post 2QFY21 results revision, our new TP is raised to RM6.47 from RM6.05 based on unchanged +1SD (one standard deviation) to the five-year mean at a 41% discount to SOP (sum-of-parts) valuation,” it added.

Risk to Kenanga’s call is a prolonged Covid-19 pandemic continuing to restrict travelling and hence affecting its casino operations.
HLIB Research lowers TP

Meanwhile, Hong Leong Investment Bank (HLIB) Research lowered its TP for Genting to RM5.65 from RM5.75.

“Genting recorded 2QFY21 core LATMI (loss after tax and minority interest) of RM383 million, bringing its 1HFY21 core loss to RM701 million (year-on-year: -RM572 million). The results were below our (FY21: RM29.7 million) and consensus (FY21: RM277 million) expectations largely due to weaker-than-expected results for GenM and GenS,” it noted in a report today.

“Nevertheless, we remain positive on the vaccination rates in Malaysia as the economy is already opening up to fully vaccinated individuals. We also expect RWLV to contribute positively to Genting’s financials in 2HFY21 as footfall in the casino has been very encouraging since it commenced operations.

"Following changes to the TPs of its subsidiaries, our TP is lowered slightly from RM5.75 to RM5.65. We believe that investors will eventually start to look ahead its poor results as its UK and US operations already recorded strong improvements in 2QFY21,” it added.

HLIB Research said that the gaming business in Malaysia and Singapore will continue to plague Genting as Covid-19 cases were escalating at an alarming pace in Southeast Asia of late and it will “remain challenging in the near term”.

On a more positive note, it noted that the vaccination rates in Malaysia are increasing rapidly.

“Its US and UK operations have also almost resumed full operations and started to contribute more to its financials. We remain hopeful of long-term prospects for Genting as we expect it to record an exponential recovery in FY22,” it added.

Genting’s stock was in the green this morning, up 10 sen or 2.03% to RM5.03.


## https://www.theedgemarkets.com/article/kenanga-ups-target-price-genting-recovery-play-despite-1hfy21-results-missing-expectations

Posted by Keyman188 > 2021-08-30 10:52 | Report Abuse

OMG...Malaysia largest IB given so high TP @ 6.47...


BRAVO...OLEH...OLEH...OLEH...

Posted by Stocksafeplayer > 2021-08-30 10:53 | Report Abuse

Thanks for sharing @Keyman188
Huat ah, Heng ah, Ong ahhhhh

Posted by Keyman188 > 2021-08-30 11:07 | Report Abuse

Most of the investors here just reviewing PE...

But a lot of investors here not concern for Ev/EBITDA...


wkwkwk...kekeke...hehehe...

Posted by investortrader88 > 2021-08-30 11:24 | Report Abuse

BURSA MALAYSIA TRADE STATISTICS - 27 AUG 2021

Participation / Status / Nett RM ( M )

Institutions Nett sellers - 239.8

Retail Nett sellers - 16.9

Foreign Nett buyers + 256.7



Source: theSundaily - Business

Posted by newbie2019 > 2021-08-30 12:54 | Report Abuse

nice… last purchase 4.8 8th Jul also paying off now tho it went to 4.5x….. didn’t buy any during that low tho lol

great… it’s all coming back

Posted by newbie2019 > 2021-08-30 12:55 | Report Abuse

should I sell 1k share for fun? lol

Posted by emsvsi > 2021-08-30 12:55 | Report Abuse

Many years ago, our forefathers, united as one, fought against British rule and gained independence

Today, we are fighting against an unseen assailant but just as our forefather's of years past, we too shall overcome this adversity and come out stronger

Remember, this too shall pass

MERDEKA !

Posted by SS8793 > 2021-08-30 13:02 | Report Abuse

Genting Go GO GO

Posted by choysun > 2021-08-30 13:03 | Report Abuse

Where is my discount? Still waiting... Someone not spreading enough panic... Is this pump and dump? :p

Posted by joey777lim > 2021-08-30 13:06 | Report Abuse

Hospitality industry is poised for recovery.bsure bet..how can casino lose money!

Posted by DestinyL > 2021-08-30 13:47 | Report Abuse

But but but someone posted next QR lose 600m! Why why tell me why

Posted by emsvsi > 2021-08-30 14:13 | Report Abuse

Israel offers COVID-19 booster to all vaccinated people (Reuters)

August 30, 2021 1:06 AM +08 Last Updated 13 hours ago

JERUSALEM, Aug 29 (Reuters) - Israel on Sunday began offering a COVID-19 booster to children as young as 12, and its prime minister said a campaign that began a month ago among seniors has slowed a rise in severe illness caused by the Delta variant.

Full article link: https://www.reuters.com/world/middle-east/israel-offers-covid-19-booster-shots-all-vaccinated-people-2021-08-29/

Comments: Booster shots are ready to go to wipe out Covid-19 and further reduce the already lower hospitalisation and death rates. Never before has the world seen vaccinations at this scale and speed. Miracle of the human spirit and modern medicine

Posted by shareinvestor88 > 2021-08-30 14:21 | Report Abuse

IMPRESSIVE RESULTS

Posted by investortrader88 > 2021-08-30 14:25 | Report Abuse

https://www.theedgemarkets.com/article/kenanga-ups-target-price-genting-recovery-play-despite-1hfy21-results-missing-expectations

Posted by CasinoTheBest > 2021-08-30 14:26 | Report Abuse

Run ! me take profit first

Posted by CasinoTheBest > 2021-08-30 14:26 | Report Abuse

up too much sure come down

Posted by emsvsi > 2021-08-30 14:31 | Report Abuse

PLEASE DONT SPREAD PANIC BUYING

Posted by shareinvestor88 > Aug 30, 2021 2:21 PM | Report Abuse

IMPRESSIVE RESULTS

Posted by Riaz1954 > 2021-08-30 14:40 | Report Abuse

Genting for sure is good bet for profit recovery and dividend payment. The stock has interest from foreign find managers as their Malaysia asset allocation would include Genting, Public bank, Maybank and CIMB for sure …Of the banks CIMB is sure for a recovery play. You can invest and leave it for 2 years for a good safe return …..

Posted by Keyman188 > 2021-08-30 14:45 | Report Abuse

OMG...Keyman188 another long term already put at the fridge counter...

DLady...today shooting up very fierce...now +2.18...

CHEERS...........

Posted by emsvsi > 2021-08-30 14:49 | Report Abuse

In 6 months when you are up on the mountain and yoloing on the tables and people mountain people sea and queues that stretch as far as the eye can see...you will ask yourself why did you ever doubt Genting and the enduring legacy that Uncle Lim built over 50 years ago

GENTING TO THE SKIES AND BEYOND

Posted by tee > 2021-08-30 15:35 | Report Abuse

casino opening soon...

Posted by Sharefisher > 2021-08-30 15:36 | Report Abuse

Everyone was wrong last weekend... We shouldn't say impressive results, it is impressive prive movement. Haha ha.... Hold tight tight. Remember to hold tight tight....

Posted by jasonred79 > 2021-08-30 16:25 | Report Abuse

I was quiet for a while because I was in mourning for Yokohama IR. ... As I said at the time though, I didn't think it would happen. Hayashi had poor chance of winning, and honestly I think Melco had positioned itself better than Genting. But, fortunatly, it seems that smart money agreed with me and it was already priced in. Oh well.

But, yeah, SSP, if it had gone thru, I think Genting would have gone limit up. Maybe double/triple limit up. As I said, Yokohama IR was a big deal. It's the one which got away. Sigh...

Posted by DestinyL > 2021-08-30 16:48 | Report Abuse

First phase of Japan IR might be a done deal
There's always 2nd phase or other kang tao. Just keep it as a bonus will be fine

Posted by Sharefisher > 2021-08-30 16:52 | Report Abuse

Crazy last minute trading volume..... Many counters also same...

Posted by Keyman188 > 2021-08-30 16:54 | Report Abuse

Aiyo...you see last week how much foreign fund manager pick up local equities...

This week sure continue lahhh...


CHEERS........