Posted by Income > 2022-06-05 06:04 | Report Abuse

Omg, Tesla CEO Elon Musk's "super bad feeling" about the economy could be the auto industry's "canary in the coal mine" moment, signaling a recession for an industry whose bosses have shown no signs of concern.

Posted by Income > 2022-06-05 06:15 | Report Abuse

the news came as a bombshell.
Bracing for Deep Impact. I need to run road faster.

Posted by Michael_chan2022 > 2022-06-05 07:22 | Report Abuse

https://www.cnbc.com/2022/06/03/biden-shrugs-off-tesla-ceo-elon-musks-bad-economic-feeling-touts-ford.html

Posted by alextan5680 > 2022-06-05 07:49 | Report Abuse

Earlier this week, Genting’s 20.3%-owned TauRx Pharmaceuticals said the initial phase three clinical trial data for its Alzheimer’s drug showed favourable results.

PETALING JAYA: The completion of clinical trials of an Alzheimer’s drug by Genting Bhd’s unit, TauRx Pharmaceuticals Ltd, will provide greater visibility to its path to profitability, according to analysts.

Earlier this week, Genting’s 20.3%-owned TauRx Pharmaceuticals said the initial phase three clinical trial data for its Alzheimer’s drug showed favourable results.

While TauRx said this did not represent positive top-line results for the clinical trial, analysts believe that it puts the drug in a favourable spot to receive the necessary regulatory approvals.

“If the trial shows positive top-line results, this could pave the way to accelerated regulatory review and approvals and the subsequent market launch of the drug, which could be by late-2023,” RHB Research said in a report yesterday.

Meanwhile, CGS-CIMB Research said the gaming group’s stake in TauRx may be worth RM848mil to RM2.23bil or 22 sen to 58 sen per share.

To recap, TauRx had been touted for an initial public offering (IPO) previously, but failed to meet its “coprimary endpoints” in its HMTM phase three trials in 2016. At the time, The Wall Street Journal had reported that TauRx’s possible Nasdaq IPO may have had a valuation of US$15bil (RM65.89bil).

In March 2018, according to DealStreetAsia, TauRx claimed it was worth about US$2.5bil (RM10.98bil).

More recently, the research firm noted that in its first quarter 2022 results, Dundee Corp, which owns a 3.7% stake in TauRx, had valued TauRx at US$949mil (RM4.17bil).

This is based on the pricing from its fully subscribed rights offering in November 2021.

“If we assume TauRx’s valuation ranges from US$949mil (RM4.17bil) to US$2.5bil (RM10.98bil), Genting’s stake in TauRx may be worth RM848mil to RM2.23bil,” it said.

The research firm said pending the final outcome of TauRx’s phase three clinical trial and regulatory approvals, it had “conservatively not ascribed any value to TauRx in its current sum-of-parts-based target price of RM6.95 for Genting, which is still derived after applying a 30% holding company discount. We keep our earnings forecasts and ‘add’ rating unchanged.

“Its financial year 2023 (FY23) forecast adjusted enterprise value (EV)/earnings before interest, taxes, depreciation and amortisation (Ebitda) of 6.9 times is 0.7 standard deviation below its 14-year mean, with decent FY22 to FY24 forecast yields of 2.9% to 4.2% per annum,” added the research firm.

The key potential rerating catalyst is full earnings recovery post-Covid-19.

The main downside risks, meanwhile, are the worse-than-expected Covid-19 impact and higher net losses from Resorts World Las Vegas.

Meanwhile, RHB Research has maintained a “buy” call on the stock for its attractive 6.4 times FY23 forecast EV/Ebitda valuation versus regional peers’ 11 times average.

Posted by alextan5680 > 2022-06-05 07:51 | Report Abuse

Even without the TauRx valuation,genb still deep undervalued

Posted by Income > 2022-06-05 10:21 | Report Abuse

List of Economists Concerned about Recession is Growing
'I'm very concerned about the weakness of the economy right now and the potential for a recession.. '

By
Chris Parker
June 3, 2022

(Chris Parker, Headline USA) Even as the leftist media attempts to convince us that Biden’s economy isn’t as bad as it seems, the list of economists concerned about a looming recession continues to grow.

Posted by Michael_chan2022 > 2022-06-05 10:31 | Report Abuse

https://markets.businessinsider.com/news/stocks/us-recession-not-happening-consumer-spending-cooling-inflation-fed-truist-2022-6

Posted by Michael_chan2022 > 2022-06-05 10:32 | Report Abuse

https://www.theedgemarkets.com/article/stanchart-expects-malaysias-economy-grow-7-2022

Posted by newbie2019 > 2022-06-05 11:08 | Report Abuse

so contra player flushed out last Fri… what will Tues bring us and coming to 9th Jun event?

Posted by Income > 2022-06-05 11:25 | Report Abuse

Russia Threatens To 'Strike The West' If US-Supplied Rockets Hit Its Territory

SUNDAY, JUN 05, 2022 - 04:00 AM
Following on the heels of the Biden administration announcing it would send longer range rocket systems to Ukraine, the Kremlin has issued a veiled threat that if it's territory is hit it could strike back directly at the West.

"One of President Putin’s closest allies has warned that Moscow could target western cities if Ukraine uses rocket systems supplied by the United States to carry out strikes on Russian territory," the UK Times is reporting. The dire warning was given by close top Putin ally and former president Dmitry Medvedev, who currently serves as the Russian security council deputy chairman.

Posted by newbie2019 > 2022-06-05 12:24 | Report Abuse

hosehliao all funds will be coming to Asia oledi

Posted by Sunflower01 > 2022-06-05 12:48 | Report Abuse

person in charge
genting registeration crowd have 4 counter open not acceptable at all already waited 3 hrs call genting customer service no one attend to answer callls

Posted by Sunflower01 > 2022-06-05 12:51 | Report Abuse

reason short if staff not accepted should be prepare yr manpower now come n c take action now

Posted by Income > 2022-06-05 13:32 | Report Abuse

next week I take my 25% bet off the table because of Ukraine war will escalate to Western countries.

—-

Russia Threatens To 'Strike The West' If US-Supplied Rockets Hit Its Territory

SUNDAY, JUN 05, 2022 - 04:00 AM
Following on the heels of the Biden administration announcing it would send longer range rocket systems to Ukraine, the Kremlin has issued a veiled threat that if it's territory is hit it could strike back directly at the West.

"One of President Putin’s closest allies has warned that Moscow could target western cities if Ukraine uses rocket systems supplied by the United States to carry out strikes on Russian territory," the UK Times is reporting. The dire warning was given by close top Putin ally and former president Dmitry Medvedev, who currently serves as the Russian security council deputy chairman.

Posted by OnTime > 2022-06-05 14:00 | Report Abuse

Avangard, Zircon, Sarmat, Bulava, kinzhal pick ur choice

Posted by Steveleehs > 2022-06-05 14:04 | Report Abuse

Still holding tight my GENT tickets :)

Posted by Income > 2022-06-05 15:07 | Report Abuse

"Sarmat is the most powerful missile with the longest range of destruction of targets in the world," Russia's defence ministry said after the test.

The Sarmat missile test took place at the Plesetsk cosmodrome in northern Russia.

"This truly unique weapon will strengthen the combat potential of our armed forces, reliably ensure the security of Russia from external threats and make those who, in the heat of aggressive rhetoric, try to threaten our country, think twice," Putin said.

Dubbed Satan 2 by Western analysts, the Sarmat is among Russia's next-generation missiles that Putin has called "invincible,"

Posted by OnTime > 2022-06-05 15:19 | Report Abuse

well, if my friend Putin uses sarmat then we r in ww3!

Posted by Michael_chan2022 > 2022-06-05 16:02 | Report Abuse

https://www.afr.com/world/north-america/are-investors-overcooking-us-recession-fears-20220604-p5ar15

Posted by Michael_chan2022 > 2022-06-05 16:03 | Report Abuse

https://www.theguardian.com/world/2022/jun/01/us-says-ukraine-will-not-use-us-supplied-rocket-systems-to-hit-russian-territory

Posted by Goldgent > 2022-06-05 16:30 | Report Abuse

Inside the Resorts World Theatre
https://www.youtube.com/watch?v=6CB24JsmQwk

Posted by Income > 2022-06-05 17:16 | Report Abuse

The Russian foreign minister, Sergei Lavrov, speaking in Saudi Arabia, said the supply of the rocket launchers to Ukraine raised the risk of a "third country" being dragged into the conflict.

The Kremlin spokesperson Dmitry Peskov said such supplies would not encourage Ukraine's leadership to resume stalled peace talks. "We believe that the United States is purposefully and diligently adding fuel to the fire, he said. "In order to trust someone, you need to have experience with situations when such promises were kept. Regretfully, there is no such
experience whatsoever.

Shortly after the US decision was announced, the Russian defence ministry said Russia's nuclear forces were holding drills in Ivanovo province, north-east of Moscow, the Interfax news agency reported.

Posted by Income > 2022-06-05 17:33 | Report Abuse

"Major Turning Point" - US Housing Inventory Rises For First Time Since 2019
SUNDAY, JUN 05, 2022 - 02:00 AM

Mortgage costs are the most expensive in years as the Federal Reserve embarks on aggressive quantitative tightening, implying that the souring macroeconomic climate may not support extraordinary home price growth for much longer as the national inventory of homes increases for the first time in years, according to Realtor.com data.

Realtor.com reveals national inventory of active listings increased by 8.0% in May over the same month last year. It explained a "major turning point in inventory" has arrived and said, "sellers are fueling this turnaround in inventory, with newly listed homes entering the market at a rate not seen since 2019."

Posted by 1invest1 > 2022-06-05 17:40 | Report Abuse

Goldgent. Good sharing, thank you.

Posted by Income > 2022-06-05 17:40 | Report Abuse

Restaurants Adding Inflation Fees Amid Razor Thin Margins
JUN 05, 2022 - 03:00 AM

As restaurants across the country feel the squeeze from rising inflation, a tight labor market, and minimum wage increases on an industry with notoriously thin margins, owners are passing along the pain in the form of various fees tacked onto the tab, according to the Wall Street Journal.

Fees for a "noncash adjustment," "fuel surcharge”, Or “kitchen appreciation" have been showing up on more bills lately. Industry analysts say this wave of surcharges is mostly being driven by restaurants trying to cope with the impact of rising inflation and a tight labor market on their bottom lines. In addition, Mastercard and Visa in April raised transaction fees for many merchants. -WSJ

According to point-of-sale software developer Lightspeed, fee revenue has nearly doubled from April 2021 to April 2022, based on a sample of 6,000 restaurants on their platform.
Restaurants adding service fees increased by 36.4% over the same period. “As the costs of doing business have changed, we've seen more merchants leverage this tactic," said exec Peter

Posted by Karma4444 > 2022-06-05 19:09 | Report Abuse

Genting highland full of people,sky casino and circus casino all full,ppl beta like mad

Posted by Karma4444 > 2022-06-05 19:10 | Report Abuse

Now i at genting have a look,theme park also full

Posted by Calafate > 2022-06-05 19:40 | Report Abuse

GenM A.G.M.
https://windscopo2.blogspot.com/2022/06/genm-2-6-2022-e-broadcast.html

Posted by Goldgent > 2022-06-05 19:44 | Report Abuse

A video on junket VIP service.
https://www.youtube.com/watch?v=pW2pWYtJup0

Posted by emsvsi > 2022-06-05 20:56 | Report Abuse

KARMA4444 PLEASE STOP PROMOTING GENTING AFTER YOUVE BOUGHT !

Posted by Karma4444 > 2022-06-05 21:58 | Report Abuse

Really i stay at genm for 1 day, casino really many ppl and theme park also full, but normal weekdays i dono lah

Posted by newbie2019 > 2022-06-05 22:13 | Report Abuse

junket junket nice nice go go

Posted by hck1981 > 2022-06-05 22:27 | Report Abuse

hahaha....for those already inside the GENTING boat...keeping promote GENTING is good....
for t7hose NOT YET inside the Genting boat or miss the boat from previous up, keeping negative the GENTING....

Posted by hck1981 > 2022-06-05 22:27 | Report Abuse

why want to do all this ?

Posted by hck1981 > 2022-06-05 22:29 | Report Abuse

i have told before, GENTING is good business to keep as if u think u are buy for business, not for stock....now u have buy medical business, O

Posted by hck1981 > 2022-06-05 22:30 | Report Abuse

ask yourself, are all this business now in good positioning recovering and profitable due to high price ?

Posted by hck1981 > 2022-06-05 22:31 | Report Abuse

the amswer is yes, since yes, why you all still wait to and no take action before late ?

Posted by hck1981 > 2022-06-05 22:33 | Report Abuse

there is no lowest and no highest....during 4.8, we hope down to 4.5...and said WAIT !!!....now uptrend to 5.2 already...and said wait for back to 4.8...since like that why no buy during 4.8 ? if u do that, u already profitable....

Posted by hck1981 > 2022-06-05 22:34 | Report Abuse

BUY now to keep !!! dont miss the boat...
another uptrend round coming for NEW YORK gaming licence !!!

Posted by emsvsi > 2022-06-06 00:18 | Report Abuse

TIGER = KING OF THE MOUNTAIN
GENTING = KING OF THE MOUNTAIN
YEAR OF THE TIGER = YEAR OF GENTING

Posted by emsvsi > 2022-06-06 00:29 | Report Abuse

1960'S GENTING: GAMING
2020'S GENTING: BIOTECH PE: THE SKY IS THE LIMIT

GENTING IS FOREVER AND ETERNAL

Posted by Income > 2022-06-06 07:36 | Report Abuse

Inflation pushes retiree back into workforce after 20 years: 'I need compensation'
Inflation forcing retirees like Tina Caston to look for employment again

Taylor Penley June 5, 2022 8:40am EDT
Record-high inflation has had consequences for Americans of all ages, and Tina Caston is sharing how runaway price hikes are impacting retirees like her, even calling them to consider returning to the workforce. "I'm going back to get a resume put together, so it can be current and attractive and hirable. I need to go back to work," she said. Caston, who has been retired for 20 years, told "Fox & Friends Weekend" host Rachel Campos-Duffy she is not the only retiree considering a return to the workforce, noting her volunteer work with AARP's Veteran Outreach Program where she finds other seniors are weighing similar options.

Posted by Income > 2022-06-06 07:44 | Report Abuse

Australia says China threatened plane over South China Sea
Australia says a Chinese fighter jet carried out dangerous maneuvers threatening the safety of one of its maritime surveillance planes over the South China Sea ABC News

BEIJING -- Australia on Sunday said a Chinese fighter jet carried out dangerous maneuvers threatening the safety of one of its maritime surveillance planes over the South China Sea and forcing it to return to the base.
Prime Minister Anthony Albanese said his government expressed concern to China over the May 26 incident, which the Defense Ministry said took place in international airspace where a Chinese J-16 intercepted a P-8A Poseidon surveillance aircraft on routine patrol.
Defense Minister Richard Marles said the Chinese J-16 flew very close to the Australian plane and released flares and chaff that were ingested by the engines of the Poseidon, a converted Boeing 737-800.
"The J-16 ... accelerated and cut across the nose of the P-8, settling in front of the P-8 at very close distance," he told reporters in Melbourne. "At that moment, it then released a bundle of chaff, which contains small pieces of aluminium, some of which were ingested into the engine of the P-8 aircraft. Quite obviously, this is very dangerous."
He said the crew of the P-8 responded professionally and returned the aircraft to its base

Posted by Income > 2022-06-06 09:26 | Report Abuse

With Europe and Russia totally preoccupied by the Ukraine war, and the United States riven by domestic politics, high inflation and random shootings, plus China struggling with the Omicron, JPMorgan chairman Jamie Dimon has warned that we must brace for an economic “hurricane”. Since large elephants (big countries and large corporations) will somehow survive this hurricane, what are we, the small fry, going to do to avoid being someone’s lunch?

THERE is an African saying – when elephants fight, the grass gets trampled. The weak gets hurt every time the powerful fight. They never asked for the conflict in the first place.

Coming back from the Emerging Markets Forum in Paris last month, and observing the annual corporate lovefest in Davos (World Economic Forum), it became obvious that the rift between the superpowers is widening by the minute with the Ukraine War.

Posted by Mini2021 > 2022-06-06 09:32 | Report Abuse

Insider news + Outsider news.... Genting will break RM 7 with RM 1 billion net profit

Posted by Michael_chan2022 > 2022-06-06 09:43 | Report Abuse

No RM8, no sell ..

Posted by Income > 2022-06-06 10:25 | Report Abuse

Japan's increased defense budget make a difference in China deterrence, 'no serious discussion' on nukes

Kevin Maher served as director of the Japan office at the State Department
Peter Aitken . June 5, 2022 8:00am EDT

Japan's defense spending may prove a key deterrence to China's regional ambitions, a former State Department official told Fox News Digital.
"[Japan] grew their defense budget 7.8% from fiscal year '21 to the current year," Kevin Maher, a senior advisor at NMV consulting and the former Japan office director at the State Department, told Fox News Digital. "That's a significant increase, and if they keep that pace up,which is what they're tryingto do ... they will become the third-largest defense budget after the U.S. and China, depending on what it is doing at the same time period."

Posted by Income > 2022-06-06 10:28 | Report Abuse

Inflation divide: The wealthy splurge, the poorest pull back
Americans at the low end of the income rung are once again struggling to make ends meet
ABC News

NEW YORK-- Americans at the low end of the income rung are once again struggling to make ends meet.
A confluence of factors - the expiration of federal stimulus checks and surging inflation on staples like gas and food - are driving an even bigger wedge between the haves and have-nots.
While wealthier shoppers continue to splurge, lowincome shoppers have pulled back faster than expected in the past two months. They're focusing on necessities while turning to cheaper items or less expensive stores. And they're buying only a little at a time.
It's a reversal from a year or so ago when low-income shoppers, flush with money from the government and buoyed by wage increases, were able to spend more freely.

Posted by Income > 2022-06-06 10:31 | Report Abuse

US Stock Market Rebound Faces Key Inflation Test

Sunday, 05 June 2022 09:27 AM
A rally that lifted U.S. stocks from the brink of a bear market faces an important test next week, when consumer price data offers insight on how much more the Federal Reserve will need to do in its battle against the worst inflation in decades.
Despite a rocky week, the S&P 500 is still up over 5% from last month's lows, which saw the benchmark index extend its decline to nearlyop 20% from its all-time high. The index was recently down about 14% from its Jan. 3 record after losing 1% in the past week.

Posted by Michael_chan2022 > 2022-06-06 10:31 | Report Abuse

Regional market down....but recovery stocks moving Up, up...up
Cheers!