Monitoring the indicators below can help you identify potential bullish periods for casino stocks. Current conditions:
1) The economy is growing or recovering from a downturn. Rating: 🌟 🌟 🌟 (Rate cuts are expected to boost economic growth) 2) Interest rates are stable or declining. Rating: (Expected Fed interest rate cut in Sept 2024) 3) Consumer confidence is high. Rating: 🌟 🌟 🌟 (Rate cut expect to boost consumer confidence) 4) Tourism is on the rise. Rating: 🌟 🌟 🌟 (Rate cuts will boost consumer spending and tourism) 5) Favourable regulatory changes are in place. Rating: 🌟 (No favourable regulatory)
A bullish period for casino stocks might occur if the Fed initiates a series of interest rate cuts until 2026. By the end of 2025:
1) The economy is growing or recovering from a downturn. Rating: 🌟 🌟 🌟 🌟 (Rate cuts are expected to boost economic growth) 2) Interest rates are stable or declining. Rating: 🌟 🌟 🌟 🌟 🌟 (Expected Fed interest rate cut to continue) 3) Consumer confidence is high. Rating: 🌟 🌟 🌟 🌟 (Rate cuts are expected to boost consumer confidence) 4) Tourism is on the rise. Rating: 🌟 🌟 🌟 🌟 🌟 (Rate cuts will boost consumer spending and tourism) 5) Favorable regulatory changes are in place. Rating: 🌟
IF GENM breaks above 2.68, we will be testing 2.85-2.90 over the next 1-3 months. I followed my plan to buy at 2.50 which was duly executed 5 days ago. I am now queueing to sell a significant % of my holdings near that range as I think it will continue to "ding dong" in the declining triangle that may converge in say 2026 before it breaks upwards. I shared this idea over a month ago below.
The uncertainty around inflation, high interest rates, and the strong US dollar have made investors wary of casino stocks. The strong dollar, due to the Federal Reserve's interest rate hikes, has been tough on these stocks.
Now that inflation seems to have peaked and the Fed is considering cutting interest rates in Sept 2024, the US dollar is expected to weaken. This should reduce uncertainty and boost investor confidence, making casino stocks more appealing. A weaker dollar would benefit US based casinos with international revenue, likely leading investors to buy more casino stocks..
For GenM, the improving economic environment could also be beneficial.. As the US dollar weakens, the financial impact of any losses from its US operations will be less severe when converted to MYR. This will improve GenM's overall financial performance and attract more investors. Additionally, reduced market uncertainty and renewed investor confidence in the casino sector could further enhance GenM's stock appeal. Go go.. GenM!
Malaysia's economy is bouncing back, with various sectors showing signs of recovery. Genting Malaysia, a major player in tourism and entertainment, is a key contributor to this resurgence.
Despite the challenges of the global pandemic, Genting Malaysia has remained resilient. Analysts predict a net income of 867 million for the company in 2024. With 57 million earned in Q1, it's expected to bring in around 270 million per quarter for the rest of the year.
Genting Malaysia's resorts, casinos, and entertainment complexes are attracting more visitors as travel restrictions ease. The company's ongoing projects and innovations are set to further boost Malaysia’s economy.
In summary, Genting Malaysia is playing a crucial role in Malaysia’s economic recovery, particularly in the tourism and entertainment sectors.
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. 👍👍👍👍👍
The ban on Philippine Offshore Gaming Operators (POGOs) might benefit Genting Malaysia in several ways:
1) More Visitors: With fewer online gaming options, people might visit physical casinos more.., including Genting Malaysia's facilities.
2) Market Shift: Players from POGOs might switch to Genting Malaysia, boosting its revenue.
3) Competition: Genting Malaysia needs to stay competitive to attract new customers from the POGO market.
In summary, the POGO ban could increase Genting Malaysia's visitor numbers and revenue, but they need to stay competitive to attract new customers from the POGO market.. and watch for regulatory changes.
"Philippine president orders shutdown of Chinese-run online gambling outfits employing thousands" ============================= Good decision by Pinoy government. The Chinese boast about being business savvy but introspection into their businesses reveal highly toxic themed which manipulates human desire, addiction and greed.
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Phillip Capital Research maintained its “buy” call on GenM, with an unchanged target price of RM3.45. “GenM remains our sector top pick, given the superior 6.8% dividend yield. We continue to advocate investors to accumulate on share price weakness, as GenM trades at an undemanding 6.6 times estimated 2025 enterprise value-to-Ebitda,” it explained.
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6c +9c = 15c div per year , if share price 2.70 ROI =5.5% per year, better than BANK fd la .... hopeless for share price , only expecting good div from genting m
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ExecutionTrade
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Shorties give LKT a lesson for taking too much salary ? 😆