Posted by Michael_chan2022 > 2024-01-05 10:21 | Report Abuse

看了金手指Golden finger嗎？不要做接盤俠的话..耒 GenB，Genting welcome all

Posted by neohts > 2024-01-05 10:22 | Report Abuse

https://theedgemalaysia.com/node/696263

HLIB keeps 'overweight' on gaming sector, Genting top pick.

KUALA LUMPUR (Jan 5): Hong Leong Investment Bank (HLIB) Research has maintained its “overweight” rating of the gaming sector, and said the sector had delivered a steady performance, with notable positive surprises for the third quarter of 2023.

It is confident that the recovery trajectory will be sustainable, especially for casino operators, underpinned by the restoration of global flight capacity and the recent visa-free travel pact between China and both Malaysia and Singapore.

In a sector update, the research house said that as for the number forecast operators, their outlook had stabilised and turned more favourable, with the political status quo maintained in the six state elections last year.
It said the likelihood of additional store closures in other states had diminished, with potential reallocation of closed outlets to other regions.

“All in, we stay 'overweight' on the sector, with Genting Bhd as our preferred pick,” it said.

Casinos
HLIB anticipates continued earnings recovery for Genting Singapore (GenS) and Genting Malaysia Bhd (GenM) in 2024, benefiting Genting, driven by the ongoing rebound in tourist numbers.

“Resorts World Genting and Resorts World Singapore (RWS) are poised to gain from the anticipated revival of Chinese tourists, a crucial client segment for the gaming industry.

“While Singapore and Malaysia showed resilience as destinations for Chinese travellers in the third quarter of 2023, it's important to note that travel volumes were still 21% and 32% below 2019 levels, indicating further potential for recovery.

“Looking ahead to 2024, major music events like the Coldplay and Taylor Swift concerts in Singapore are expected to play a significant role in boosting tourist arrivals, particularly benefiting RWS,” it said.

HLIB said its preferred pick for the sector is Genting ("buy", target price: RM6.96), which is strategically positioned to capitalise on the recovery momentum of both GenS and GenM.

“We also view Genting as currently undervalued, trading at a 16% discount to the value of its holdings in GenS (valued at RM5.54 a share based on the latest closing price, and a Singapore dollar-ringgit exchange rate of 3.4).

Posted by neohts > 2024-01-05 10:40 | Report Abuse

HLIB said its preferred pick for the sector is Genting ("buy", target price: RM6.96), which is strategically positioned to capitalise on the recovery momentum of both GenS and GenM.

Posted by ChloeTai > 2024-01-05 11:04 | Report Abuse

Genting is still sleeping. So boring. Analyst gives high target price also no use. Pang72 now in WCEHB and YTLPOWER. He has left Genting. Last time he keeps on shouting RM6.95.

Posted by neohts > 2024-01-05 11:13 | Report Abuse

If Genting TauRX approve in Q1 or Q2 this year.
TP : RM8.00

Posted by ChloeTai > 2024-01-05 12:07 | Report Abuse

A false breakout of 4.70. Now drop back to 4.67/4.68.

Posted by Michael_chan2022 > 2024-01-05 12:18 | Report Abuse

May not be a false breakout...

Posted by ChloeTai > 2024-01-05 12:39 | Report Abuse

@Michael_chan2022,
I will hold my shares until 28 Feb 2024.
At this moment, the volume is still the same as yesterday. If can breakout from RM4.70 convincingly, the sky is the limit. Look at YTLPOWER now. All forecast target prices are broken.

Posted by Michael_chan2022 > 2024-01-05 12:57 | Report Abuse

@ChloeTai, I don't plan to sell Genting.
Currently, I hold shares in GenB, GenM, and Tenaga. Recently, ..added YTL Power at 244 and YTL Corp at 196 to my portfolio, both have had an incredible run

Posted by choysun > 2024-01-05 13:00 | Report Abuse

KLSE bull starting liao. Keep calm and see it rise :)

Posted by Michael_chan2022 > 2024-01-05 13:02 | Report Abuse

No stocks will run up in straight line...so YTL may not be my long term holding.. let's see

Posted by Michael_chan2022 > 2024-01-05 13:13 | Report Abuse

Malaysia to submit new high-speed rail proposal to S’pore after discussion: Anwar
https://www.straitstimes.com/asia/se-asia/malaysia-to-submit-new-high-speed-rail-proposal-to-s-pore-after-discussion-anwar

The high-speed rail (HSR) line between Malaysia and Singapore is still under discussion, says Datuk Seri Anwar Ibrahim.

People goreng YTL could be the HSR news... may has announcement next week.. Sell on news???

Posted by Michael_chan2022 > 2024-01-05 13:24 | Report Abuse

HLIB research kept its "Overweight" stance on the gaming sector, as it anticipate several positive developments including (i) global restoration of flight capacity and continuous easing airfares, (ii) boost in Chinese tourist arrivals for both Genting Malaysia and Genting Singapore following the visa-free travel pact between China and both Malaysia and Singapore, as well as (iii) more stable operational landscape

Posted by Michael_chan2022 > 2024-01-05 13:25 | Report Abuse

Its preferred pick for the sector is Genting Bhd (Buy, target price: RM6.96), to capitalise on the recovery momentum of both Genting Singapore and Genting Malaysia.

Posted by Gnanasong > 2024-01-05 14:21 | Report Abuse

It will move above its NTA value (RM8.69) if willing to keep it for long run

Posted by Michael_chan2022 > 2024-01-05 14:26 | Report Abuse

👍

Posted by Michael_chan2022 > 2024-01-05 14:32 | Report Abuse

GenB will rise above Maybank's level for us ...to consider switching to Maybank

Posted by Michael_chan2022 > 2024-01-05 15:14 | Report Abuse

GenM.. the next YTL

Posted by Save > 2024-01-05 15:25 | Report Abuse

Technically KLCI broken out from bullish flag yesterday, GENM broken out from bullish flag today, awaiting Genting to follow.......(Optimistic with bullish flag pattern to be formed. )

Posted by Michael_chan2022 > 2024-01-05 15:28 | Report Abuse

👍

Posted by ChloeTai > 2024-01-05 15:52 | Report Abuse

Still a long time to wait. Fourth quarter results in end of February. Hoooold

Posted by ChloeTai > 2024-01-05 16:03 | Report Abuse

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20240104.pdf?t=1704441626
Genting is not in the net short position. Good.

Posted by ChloeTai > 2024-01-05 16:07 | Report Abuse

https://www.bursamalaysia.com/misc/missftp/securities/securities_equities_rss_2024-01-04.pdf?t=1704441626
Jualan Singkat Dikawal Selia
Also no Genting. Good.

Posted by ChloeTai > 2024-01-05 16:12 | Report Abuse

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20240104.pdf?t=1704441626
But GENM got net short position with a volume of 14,537,300.

Posted by dragon328 > 2024-01-05 17:12 | Report Abuse

So good to see that Genting still managed to close higher than previous high of 4.71, despite the price of Genting Singapore lingering around SGD1.00.

Is some good news coming or foreign funds coming in?

Posted by Riaz1954 > 2024-01-05 17:17 | Report Abuse

We are looking for excuses and rationale for Genting not doing well and conditions that will help the share price. Quite frankly so many positives have already happened and still the share price actually reversed from depth of CONDITIONS that were very bad. So there is no logic for lack of performance other than major shareholder, governance and lack marketing of the company….we expect CEO to be more active selling the company to shareholders unless you own 44 % of shares so no incentive what so ever. This is is an issue. I am big investor in the shares but patience after 2 years is running thin. In Developed markets proactive companies share Capital Markets day when they explain the actions being taken to the shareholders and market.

Posted by ChloeTai > 2024-01-05 17:32 | Report Abuse

https://www.bursamalaysia.com/bm/market_information/market_statistic/securities
Foreign funds and local institutional funds are net buyers. Local retailers are net seller. Good. Just 12 points away for KLCI to break 1,500 points.

Posted by Riaz1954 > 2024-01-05 17:40 | Report Abuse

Let’s be clear foreign investment has very little impact on share price …. M OST of the telling trades are local. Foreign asset allocation is low other than historical investment. Foreign investors have high threshold for governance which is a concern….when ceo earns more than CEO of Rolls Royce very complex aeronautical engineering company.

Posted by DestinyL > 2024-01-05 19:01 | Report Abuse

Geez, please get the facts right that foreign investment has very (you even added VERY) little impact on share price

Posted by Michael_chan2022 > 2024-01-05 21:20 | Report Abuse

Hong Leong Investment Bank (HLIB) said in a note that the stock market’s bullish momentum is likely to drive the KLCI higher amid optimism on the government’s continuous reforms and execution of the macro blueprints launched in 2023 would bring the country’s economy and balance sheet back on stronger footing.

“Following the strong breakout above our envisaged 1,465-1,471 hurdle, we expect the FBM KLCI to march to the 1,494-1,502 level next,” it said.

Very bullish for Genting..

Posted by Michael_chan2022 > 2024-01-05 21:28 | Report Abuse

https://theedgemalaysia.com/node/696400


Foreign buying boosts trades on Bursa to 13-month high, say market watchers

Posted by ChloeTai > 2024-01-06 07:22 | Report Abuse

GENTING, Please flýyyyyyyyyyyyy.😀

Posted by Riaz1954 > 2024-01-06 11:29 | Report Abuse

General market can be up…but for Genting it means nothing sadly. Unless we have a major catalyst it will crawl,up and down. Let’s see what happens running up to full year results

Posted by Michael_chan2022 > 2024-01-06 11:59 | Report Abuse

Steady, pom pi pi...

Posted by Michael_chan2022 > 2024-01-06 12:00 | Report Abuse

Copy and paste from the Star newspaper:
Genting Malaysia is our top large-cap pick in anticipation of a strong earnings turnaround.

The street is optimistic, forecasting profits to double in the coming year, which is one of the strongest amongst the benchmark FBM KLCI constituents.

In Malaysia, Genting Highlands is a prime beneficiary of an expected surge in tourist arrivals, on the back of the visa relaxation policy.

Posted by Michael_chan2022 > 2024-01-06 12:01 | Report Abuse

The Malaysian hilltop has undergone a massive makeover, and the refreshed offering we see today stands on par with other global entertainment parks, making it highly attractive to international visitors. In the United States, Genting Malaysia has been touted as one of the frontrunners to secure a full-scale gaming license in New York, one of the wealthiest cities in the world.

After years of under-performance, investor's position and expectation for the stock is low.

The series of negative events which impacted the company are behind us.

Once a darling among foreign investors, Genting Malaysia is posed to benefit from a resurgence in foreign inflows.

Its explosive earnings growth coupled with an attractive 6% dividend yield would certainly draw the attention of investors.

Posted by Michael_chan2022 > 2024-01-06 12:03 | Report Abuse

https://youtu.be/AXfjpjSJZKA

Sifu said.. accumulate and
hold tight... 我们要發達嘛!

Posted by Michael_chan2022 > 2024-01-06 12:04 | Report Abuse

堅持了两年，
堅持的人会改变命运，
大家一起一路發。。Huat ahhh!

Posted by Peaches L > 2024-01-06 12:37 | Report Abuse

@Riaz1954, by d time we hear abt d catalyst only to buy-in, tht w b too late to catch it. Unless u hv a horse mouth, then tht’s different lah… 😆

Posted by Michael_chan2022 > 2024-01-06 12:45 | Report Abuse

什么時候賣？
有两个情形，我就会賣

一个是太高了，离谱了，不值得了。

第二呢，它坏了，不賺了，不会成長了。

Posted by keyman > 2024-01-06 12:54 | Report Abuse

Want to huat, drink Ah Huat white coffee 🤭

Posted by Bursino > 2024-01-06 13:07 | Report Abuse

And buy PWROOT lor.

Posted by keyman > 2024-01-06 13:16 | Report Abuse

@michael sorry for asking. Sifu, are you holding a lot?
Another sifu Pang72 seems sold all already. He has abandoned us. 😰

Posted by keyman > 2024-01-06 13:22 | Report Abuse

@bursino I drink Ah Huat. Not huat yet but get stomachache.

Posted by Michael_chan2022 > 2024-01-06 13:40 | Report Abuse

@keyman, 60% of my holdings are in GenB, representing a significant investment in GenB. Just follow your heart..have faith in yourself

Posted by keyman > 2024-01-06 13:56 | Report Abuse

Everyone now prefer both ytl, ytlp. I am the one given it up in the early stage and joined here. What a silly boy.

Posted by Michael_chan2022 > 2024-01-06 15:22 | Report Abuse

It's okay.
YTL, YTLp..? Many could have sold two months ago. 😪

It's just the beginning... enjoy your investment journey.

Posted by Michael_chan2022 > 2024-01-06 15:28 | Report Abuse

What is rule #1 in investing according to Warren Buffett?
Rule 1: Never lose money.

By following this rule, he has been able to minimize his losses and maximize his returns over time. He emphasizes this so much that he often says, “Rule number 2 is never forget rule number 1".

Posted by Michael_chan2022 > 2024-01-06 15:31 | Report Abuse

As long as i bought it cheap... at low price, one thing I know for sure is that I won't lose money.. 😀

Posted by Michael_chan2022 > 2024-01-06 15:35 | Report Abuse

買的便宜，才能抱得緊
不講了... 很多人見笑了。