Posted by 752_michael_chan > 2021-01-04 08:29 | Report Abuse

1st trading day of the year... GenM let's go! Huat ar!!!

Posted by Bgt 9963 > 2021-01-04 08:33 |

Post removed.Why?

Posted by OnTime > 2021-01-04 08:53 | Report Abuse

All the luck to genm investors!

Posted by limkokthye > 2021-01-04 09:44 | Report Abuse

choysun @limkokthye All casinos open now ler :)
i just came back from genm yesterday,

Posted by Dragonboy > 2021-01-04 09:56 | Report Abuse

GenM still standing strong compare to other counter. Hopefully can sapu some @ 2.60 ;P

Posted by Dragonboy > 2021-01-04 10:16 | Report Abuse

Do you guys think Glove investor will switch their fund to GenM & GenT?

https://www.theedgemarkets.com/article/glove-stocks-start-new-year-bearish-note-top-glove-trading-volume-above-100-million-shares

Posted by Alfonso > 2021-01-04 10:32 | Report Abuse

sure, the trend has changed, switch to genting M is a wise move at the moment, all the best genting M, anyway just has good visit to genting last week to enjoy the cozy weather there, nice!

Posted by 752_michael_chan > 2021-01-04 10:33 | Report Abuse

Expected. Glove lovers switching fund to GenM...

Posted by choysun > 2021-01-04 10:39 | Report Abuse

Wow, nice discount. Who got big discount this morning :p
Chill la. Funds will come :)

Posted by choysun > 2021-01-04 10:40 | Report Abuse

@limkokthye I was there over the weekend too. At Old casino :)

Posted by Alfonso > 2021-01-04 10:47 | Report Abuse

let's look forward to the ong power of Cny, jom have a fatty bull year! Ong is ong cant explain. jom yumcha again this weekend at genting M

Posted by Tedinvestor > 2021-01-04 11:03 | Report Abuse

There's no closure of any casinos at Genting.

Posted by DestinyL > 2021-01-04 11:10 | Report Abuse

Somebody go buy 2.70 become green lol

Posted by Dragonboy > 2021-01-04 11:20 | Report Abuse

Afternoon will be green : )

Posted by greedy44444 > 2021-01-04 13:13 |

Post removed.Why?

Posted by choysun > 2021-01-04 14:03 | Report Abuse

It's good that big boys are rebalancing their portfolio. 2021 will be year for BIG recovery. Congratulations to those who got discount this morning. HUAT AH!!! :p

Posted by mkmike > 2021-01-04 15:30 | Report Abuse

Genting Resort Secret Garden

Located in Chongli County, Zhangjiakou City, Hebei Province, the Genting Resort Secret Garden is an ideal place for snow and mountain sports.Beijing and Zhangjiakou will host the 2022 Winter Olympics from February 4th to 20th. By then, the Genting Resort Secret Garden will be transformed into the Genting Snow Park A and Genting Snow Park B to stage the freestyle skiing and snowboard skiing respectively.

Posted by Alfonso > 2021-01-04 15:44 | Report Abuse

Adui, genting M got so many businesses meh, so strong leh, share price very undervalued, pls buy lah u guys, buy for your future, pls lah, dun sit n see only lah, later boom out u hit your own heart for what?? tolong lah.

Posted by limkokthye > 2021-01-04 16:17 | Report Abuse

1st day trading klci drop like shit

Posted by IvanC > 2021-01-04 16:26 | Report Abuse

still above support line, not bad

Posted by ongth60 > 2021-01-04 17:19 | Report Abuse

1 day to go..

Posted by emsvsi > 2021-01-04 17:28 | Report Abuse

MOH will release National Vaccination Plan

Then Vaccination awareness / campaign throughout the country

Then NPRA vaccine approvals

Then live broadcast of the Pfizer-BioNTech arriving in Malaysia

Then live broadcast PM receiving vaccine jab (hopefully with gloves ha ha ha! so we can see the glovers post on every forum and every chat group saying gloves are needed during vaccinations again ! ha ha ha ha ha)

With recovery stocks, catalysts are endless and never ending

Posted by emsvsi > 2021-01-04 17:30 | Report Abuse

Buy as much as possible

SARS-CoV-2 is over. Mankind has won

Posted by choysun > 2021-01-04 17:34 | Report Abuse

Not bad closing considering overall market performance. Goes to show we picked the right horse! Genting investors HUAT AH!!! :)

Posted by Dragonboy > 2021-01-04 18:04 | Report Abuse

Tot today closing will be green @ 2.70 but red pulak. Wanna buy more @ RM2.60 also can not get. Maybe I'm too late for cheap ticket and maybe tomorrow will shoot up. Nice closing compare G counters ;P

Posted by kaitan > 2021-01-04 18:22 | Report Abuse

No guarantee give dividend in Feb. If no dividend, price will drop 40%

Posted by stocksyndicate > 2021-01-04 18:27 | Report Abuse

Drop 40% ??? Let's meet up & side bet RM30k. Or you can raise the bet amount. I love betting and gambling. My hobbies Hahaha

Posted by hck1981 > 2021-01-04 20:24 | Report Abuse

No worry....dividend will pay as normal....thr worst situation duting MCO cannot open, also gave dividend...why now no pay dividend

Posted by hck1981 > 2021-01-04 20:25 | Report Abuse

especially now already resume business...

Posted by hck1981 > 2021-01-04 20:25 | Report Abuse

everytime when near to dividend payment, the price will surge up

Posted by kaitan > 2021-01-04 20:35 | Report Abuse

stocksyndicate, aiyah what for i play like that. Like kids. When it drops 35-45% I go all in lah. One thing's for sure, the odds of dividend or not, is 50-50. Possibly higher chance No dividend as cash flow is affected badly. Gamble on that lah

Posted by Goldberg > 2021-01-04 20:37 | Report Abuse

Credit Suisse still POSITIVE on glove sector due to Attractive Valuation.
==================================================
TheEdge Mon, Jan 04, 2021 02:38pm - 5 hours ago


KUALA LUMPUR (Jan 4): Despite the availability of vaccines seen around the globe, Credit Suisse is still positive on the glove sector due to its inexpensive valuation and higher dividends.

Credit Suisse’s co-head of ASEAN securities research and head of research in Malaysia Danny Goh said the glove sector is trading at less than five times P/E multiple versus its historic average of 17%, and is at present offering a dividend of more than 10%.

“Thus, in terms of valuation and dividends point of view, gloves do provide very good value at this point of time,” said Goh, at Credit Suisse's 2021 ASEAN Conference media briefing today.

Based on feedback from the glove makers, Goh said the average selling price is still trending upwards on a quarter-on-quarter basis, noting that 2021 “earnings is pretty much already in the bag”.

“While the pandemic does pose some question marks on how long demand and selling prices could continue to stay firm, but if we were to rely on the feedback of some of the glove makers, the forward orders will last them well into 2022,” he added.

From this perspective, he noted that glove stocks do seem defensive at this point of time, given that it is one of the few sectors that is seeing positive earnings momentum, offering very high dividend yield and trading at very low valuation relative to history.

As at noon break today, the big four rubber glove makers have wiped out RM13.65 billion worth of market capitalisation on Bursa Malaysia, due to the strong selling pressure that is possibly no thanks to the short selling ban that has been lifted as of today.

Posted by kaitan > 2021-01-04 20:39 | Report Abuse

hck, at that time cases were low, under control. Now prolonged already borders still closed Indefinitely.

Posted by stocksyndicate > 2021-01-04 21:17 | Report Abuse

Even without dividend don't expect 5% drop. Hahaha try try try harder

Posted by themeg > 2021-01-04 21:27 | Report Abuse

Must pray that IB don't pick this counter to short...

Posted by choysun > 2021-01-04 21:40 | Report Abuse

Wah, so many Glove investors come visit. Come come, invest in Genting. 2021 sure HUAT! :)

Posted by 752_michael_chan > 2021-01-04 21:57 | Report Abuse

Top glove closing price today is 5.50... but
- Macquarie TP : 5.45
- JP Morgan TP : 3.50
Look like tomorrow will has another round of short selling...no doubt buy Genting is a better investment

Posted by Bgt 9963 > 2021-01-04 22:22 | Report Abuse

Go...Genting...!

Posted by choysun > 2021-01-04 22:24 | Report Abuse

UK starts AstraZeneca vaccination today, FTSE rally like crazy! Come rub a bit on Genting tomorrow! :)

Posted by hck1981 > 2021-01-04 22:56 | Report Abuse

and there have many cash on hand to pay dividend as main shareholder still belongs to genting company owner...

Posted by Dragonboy > 2021-01-05 10:05 | Report Abuse

Morning guys.. Why today so quiet... Today will be GREEN day ; )

Posted by Bgt 9963 > 2021-01-05 10:07 |

Post removed.Why?

Posted by ongth60 > 2021-01-05 10:38 | Report Abuse

Runoff

Posted by Goldgent > 2021-01-05 12:41 | Report Abuse

The Star: Casinos to see earnings rebound on borders reopening
https://www.thestar.com.my/business/business-news/2021/01/05/casinos-to-see-earnings-rebound-on-borders-reopening

Posted by Goldgent > 2021-01-05 12:49 | Report Abuse

The Edge: Analysts see cards improving for gaming sector, point to attractive valuation and appealing yields
https://www.theedgemarkets.com/article/analysts-see-cards-improving-gaming-sector-point%C2%A0-attractive-valuation-and-appealing-yields

Posted by choysun > 2021-01-05 12:53 | Report Abuse

@Goldgent Thanks for sharing! More and more recognising that Genting will have a great year! :)

Posted by 752_michael_chan > 2021-01-05 12:57 | Report Abuse

UOB KayHian maintain 'buy' on Genting Malaysia Bhd (GenM) (TP: RM3.40), Genting Bhd (TP: RM5.50), Magnum Bhd (TP: RM2.55) and Berjaya Sports Toto Bhd (TP: RM2.46)".

UOB KayHian also pointed out that the gaming sector’s yield “appeals”.

Posted by 752_michael_chan > 2021-01-05 13:01 | Report Abuse

TP : 3.40. It is 28% profit gain from current price of 2.66

Posted by 752_michael_chan > 2021-01-05 13:09 | Report Abuse

Analysts one by one started.. to upgrade the gaming stocks...the best buy stock in 2021

Posted by Keyman188 > 2021-01-05 14:09 | Report Abuse

Analysts see cards improving for gaming sector, point to attractive valuation and appealing yields

(theedgemarkets.com / January 05, 2021 12:12 pm +08)

KUALA LUMPUR (Jan 5): Analysts are upbeat on the prospects of the gaming industry in this new year driven by the potential easing of travel restrictions following the Covid-19 vaccine rollout.

“After a challenging 2020 that was clouded by the Covid-19 outbreak and nationwide lockdowns, the gaming industry is set to embrace a prosperous 2021, with high hopes and optimism of the efficacies of the various approved Covid-19 vaccines,” said UOB KayHian Research.

“With the investment thesis sweetened by high dividend yields, gaming stocks’ valuations will partially price in the full earnings recoveries in 2022. Maintain 'overweight' with the casino subsector expected to deliver robust capital gains.

"Maintain 'buy' on Genting Malaysia Bhd (GenM) (TP: RM3.40), Genting Bhd (TP: RM5.50), Magnum Bhd (TP: RM2.55) and Berjaya Sports Toto Bhd (TP: RM2.46),” it added in a report today.

UOB KayHian also pointed out that the gaming sector’s yield “appeals”.

The research house believes that both the casino and numbers forecast operators (NFO) subsectors can sustain prospective dividend yields of 4% to 8% and 6% to 7% respectively in 2021, which are among the highest within its coverage universe.

“While both the casino and NFO subsectors’ intermediate dividend payouts will be compressed by weaker earnings, investors should gradually price in the gaming sector’s sustainable prospective yields of 4.2% to 7.5% from FY21 onwards.

"Meanwhile, we also expect GenM to [dole] out lucrative dividends for 2021, given its lush gross cash of RM3.7 billion (RM0.62/share) and considering parent Genting's cash needs to complete the construction of Resorts World Las Vegas. This should satisfy investors’ hunger for sustainable high-yield plays in a low interest rate environment and volatile capital market,” UOB KayHian noted.

Meanwhile, Kenanga Research opined that the “sector valuation remains attractive” as stocks are still 15% to 26% cheaper than a year ago.

“In all, 2020 is a lost year. However, the recovery, led by casinos reopening, was strong in 3QFY20 and this should extend into 2021 as borders eventually reopen depending on the vaccine rollout progress. We believe NFO ticket sales should revert back to pre-MCO levels in 1HCY21 but casino operators would take longer time to normalise, possibly only in 2022,” Kenanga Research noted in a report today.

“Overall, casino players, which were badly hit, are expected to lead a swift earnings rebound as opposed to NFO players for which ticket sales are currently at 80% to 85% of pre-MCO levels.

"Still, we expect GenM to see strong local casino revenue with the opening of its outdoor theme park attracting tourists while Genting should benefit from the strong Genting Singapore numbers which is fairly sustainable. Meanwhile, although the authority had already approved the increase in special draws back to 22 draws in 2021 from only eight last year for the NFOs, it may not be earnings enhancing. Continuous enforcement clamping down on illegal players remains the key to drive ticket sales.”

“In all, we continue to rate the sector 'overweight' with Genting (TP: RM5.70) as our top pick for its deep value while for income seekers, both NFO players offer above-average yield of more than 5%,” it added.


## https://www.theedgemarkets.com/article/analysts-see-cards-improving-gaming-sector-point%C2%A0-attractive-valuation-and-appealing-yields