Posted by EDINVESTOR > 2021-01-16 08:56 | Report Abuse

https://www.cp24.com/mobile/world/china-s-covid-19-burden-rising-again-1-001-now-in-hospital-1.5268041

Posted by EDINVESTOR > 2021-01-16 09:03 | Report Abuse

US & china are manufacturers of vaccine and yet covid-19 is spreading instead contain. Only long-term investor with strong holding power can ride over this thunder storm. Gloves will still be in hot demands. Tourism will takes longer time to recover. I hope genm don't have troubles paying off the high debts.

Posted by Goldgent > 2021-01-16 09:09 | Report Abuse

The Star: CGS-CIMB TP 2.90 (add), Maybank IB TP 2.60 (hold)
https://www.thestar.com.my/business/business-news/2021/01/16/gaming-sector-numbers-forecast-operators-might-take-hit-from-mco

Posted by Tedinvestor > 2021-01-16 09:30 | Report Abuse

Cimb target price for supermx above 10 and the gloves company making billions of profit a year. Did the target price achieve? Not to mentioned genm losing over billion a year. Some of you here set 3.50 before Chinese New year. All this doesn't make sense. Hahaha
.

Posted by UnkleLim > 2021-01-16 09:48 | Report Abuse

We see the FY21 estimated core net profit rebounding to RM275mil and quadrupling to RM1.2bil in FY22 as Covid-19 subsides, ” says CGS-CIMB Research.

Wow profit expected to quadruple next year. Can glove counter achieve this next year? Glove has reach its peak

Posted by 752_michael_chan > 2021-01-16 09:50 | Report Abuse

Don't be serious hor! Relax..have a wonderful Saturday

https://youtu.be/0PDzkNqiNxs

Posted by Goldgent > 2021-01-16 10:17 | Report Abuse

SMH, why GenM movement so unpredictable this week? From i3 postings, understand at least four loyal deep pocket uncles trimmed their holdings following MCO 2.0 announcement. I myself reduced as well. But GenM ended the week at 2.50. Really shaking my head.

Posted by choysun > 2021-01-16 10:27 | Report Abuse

@Goldgent Eight deep pocket uncles and aunties came back? :p

Posted by UnkleLim > 2021-01-16 10:32 | Report Abuse

@goldgent, maybe because no full lockdown, whole sentiment back to normal. Even though cannot cross state, but this is not something new. Genm experience it before. So not that big selling pressure. Just my guess

Posted by Goldgent > 2021-01-16 10:41 | Report Abuse

@choysun & UnkleLim...you'll are so consistent, earthquake...but not shaken. I cabut a bit like the other deep pocket uncles and aunties. Now really don't know how to buyback already.

Posted by 752_michael_chan > 2021-01-16 10:53 | Report Abuse

Be optimistic lei..we are on the road to recovery! Investors are buying up more risky airline stocks

分析师：目前虽仍面对严峻挑战 全球航空业下半年料强劲复苏 https://www.zaobao.com/zfinance/news/story20210116-1116730?utm_source=ZB_Android&utm_medium=share

Posted by 752_michael_chan > 2021-01-16 10:55 | Report Abuse

Sgx index has crossed 3000 level... marching towards 3200. Klse index to follow

Posted by UnkleLim > 2021-01-16 11:02 | Report Abuse

Maybe can start buying back in batches? Since the low is around 2.3 and recent high is 2.7. 2.5 is somewhere in the middle. Buy back some and observe? If drop to 2.3 buy again. Don’t think so can drop back to RM2 la.

Posted by AXE666 > 2021-01-16 11:07 | Report Abuse

Don’t worry, boss got huge cash and will protect the price , his most worry also been kick out from klci.

Posted by AXE666 > 2021-01-16 11:09 | Report Abuse

People already learnt from the first mco bottom price 2.00, do u all think it will happen when all ppl waiting for it ? Unless JPM come and shorting also :)

Posted by Jonny8855 > 2021-01-16 11:19 | Report Abuse

2.00 is because no vaccine yet. Sorry.

Posted by jeffchan1901 > 2021-01-16 11:45 | Report Abuse

Has the US ban on TG gloves been lifted? no news Wei.. sangkut?

Posted by Urmomcuntismine > 2021-01-16 11:56 | Report Abuse

Sour grapes, please move on to other counters if you think GenM is not worth the price.

Posted by 752_michael_chan > 2021-01-16 12:07 | Report Abuse

China, India and US ramping up the vaccination drive... in 3 months time, covid-19 situations will be under control

https://www.theguardian.com/global-development/2021/jan/15/new-year-new-outbreak-china-rushes-to-vaccinate-50-million-as-holiday-season-looms

https://www.bbc.co.uk/news/amp/world-asia-india-55632782

https://www.cbsnews.com/news/covid-19-vaccine-biden-plan-watch-live-stream-today-2021-01-15/

Posted by alex > 2021-01-16 12:09 | Report Abuse

Before MCO 2.0, Genting gave me 2 days free room at First World hotel. Plus free transport from KL to Genting. Spent RM5 for early check in. Spent another RM5 for snack. Brought my own food. Total spent RM 10 for my 2 days trip.

Gambling business: New casino only open ground floor, upper floor closed. Many tables not open. Most of gambles are local chinese uncles and aunties. Less crowded compared before covid.. maybe 10% of it. I wondering how can all these senior folks gamblers can have so much time and money to gambling. Once they loss all their money, then they will line up infront of ATM machine to withdrawn thousand ringgit to continue their gambling. And the end, they will loss all their hard earn retired $$. In the same van heading back to KL, i heard one 70 plus years old chinese auntie who same van with me said she loss RM800 in her 2 days stay in Genting. I observed that there is no cash deposit machine, only cash out atm machine.

F&B and retailer business.. most of stores were opening but i doubt will they able do 20 customers business in one day? Many shops and F&B were closing including McDonald. Very less crowd.

Hotel business: High class hotel still have crowd check in and out. But for First World Hotel they continues giving out free stay for it's members. Since it is the worlds largest hotel with 7000 plus rooms. After i came back from Genting, they sent me an email and giving me another free 2 nights hotel stay again in coming February. But, if you don't gambling then very boring to go there. Btw, their hotel's bed is very comfortable, i slept very well at cold weather.

Playground skytropolis/outdoor theme park: all closing.

Posted by Jonny8855 > 2021-01-16 12:23 | Report Abuse

Genting share price will increase soon.

Posted by choysun > 2021-01-16 12:43 | Report Abuse

@alex Aunty losing RM800 over 2 days is nothing. That amount can happen in minutes :p

Posted by EEEEEEEEH > 2021-01-16 12:44 | Report Abuse

Just wait for more bad news to come. Than all eyes turn red from tears. Dividend? Gamblers swarming the casino? Such a good imaginations? Numbers dont lie. Hahaha

Posted by EDINVESTOR > 2021-01-16 12:47 | Report Abuse

Genting Malaysia losing billion a year got so many buyers. Tenaga making billions a year will have lower risks. Hahaha

Posted by UnkleLim > 2021-01-16 13:20 | Report Abuse

Ya lor, that’s why UnkleLim holding tenaga as well

Posted by EDINVESTOR > 2021-01-16 13:56 | Report Abuse

I don't own tenaga but I think it better than genm. Just share my views here.

Posted by JBond007 > 2021-01-16 14:10 | Report Abuse

Another New York Online Sports Betting article. Same prediction on the providers.
Resorts World Catskills will probably get one of the four entry tickets.
https://sportshandle.com/cuomo-ny-sports-betting/

Posted by jeffchan1901 > 2021-01-16 14:37 | Report Abuse

I just double up my Tenaga stock holdings as well.. expecting dividend soon.. hopefully

Posted by EEEEEEEEH > 2021-01-16 14:45 | Report Abuse

Las Vegas Sands are selling it Vegas casino & concentrate on asian markets. GENTING are doing the opposite ended up investing more into loss making casinos in US. Hahaha

Posted by jeffchan1901 > 2021-01-16 14:46 | Report Abuse

I just had a scary feeling.. glove kaki dont believe vaccine will work won't take,vaccine and if they won't recover and kong then cannot support price also fall .

Posted by jeffchan1901 > 2021-01-16 14:47 | Report Abuse

support also fall, kong also fall.. aiyoh, how la

Posted by EEEEEEEEH > 2021-01-16 14:50 | Report Abuse

Covid-19 still in control and vaccine not winning the war yet. Gloves fundamental are much way better than genm. The coming results will show right or wrong.

Posted by EEEEEEEEH > 2021-01-16 14:52 | Report Abuse

Genm shareholders seems to joy at the bad results. Strange right?

Posted by jeffchan1901 > 2021-01-16 14:52 | Report Abuse

if so why all GenM and Genting investors here soooooo.... steady one?

Posted by jeffchan1901 > 2021-01-16 14:53 | Report Abuse

they dont go around pimping their stocks everywhere ?

Posted by EEEEEEEEH > 2021-01-16 14:54 | Report Abuse

Thats why strange? They love loss making counter. Counter that not even on recovering path.

Posted by jeffchan1901 > 2021-01-16 14:58 | Report Abuse

really ah? net cash position 32B woh. net loss?Is that why u still love to limit down your counter?

Posted by EEEEEEEEH > 2021-01-16 14:59 | Report Abuse

Genting resort now depends on pahang gamblers to sustain Hahaha. And all those online betting in New York are just suggestions by mayor. Promoters here seems busy promoting something that hardly works.

Posted by EEEEEEEEH > 2021-01-16 15:01 | Report Abuse

Coming quarter you will know how left in their coffer. Cash flow negative but expenses & debts servicing still on plus massive provision from US subsidiary.

Posted by EEEEEEEEH > 2021-01-16 15:02 | Report Abuse

Let's wait for the results than.

Posted by jeffchan1901 > 2021-01-16 15:04 | Report Abuse

Ok bro, agree.. last QR SG not operational.. Q4 opened d.. we'll see

Posted by emsvsi > 2021-01-16 15:09 | Report Abuse

Genm has been posting losses since many quarters ago. Share price has been climbing with some international gaming stocks even higher than precovid ho ho ho. Tesla has been forever loss making, only recently making a profit due to 'carbon credits'. And yet share price...ha ha ha

Topglove has been posting increasing profits and share price.....lol if stock market was so easy and every aunty uncle ali abu ahkow also take next year's supernormal profits times 10, everybody will be a trillionaire :)

All you need to ask is in 6, 12, 18 months time, what would the world be like, knowing that vaccines are already being rolled out with efficacy's that are above 90%. Ignore the glove lovers, they are panicking and peeing their pants because every day we get closer to normalcy, their investments are sinking ever deeper...ha ha ha

Posted by shareinvestor88 > 2021-01-16 15:10 | Report Abuse

buy bye TP 2

Posted by Mytime > 2021-01-16 15:13 | Report Abuse

Bank cut dividend although still in black every quarter. Genting Malaysia stoll pay dividend when they losing money for almost 12 months. Is that possible? They giving out sweetener just to support the stock price? How can a company survive with negative income & can still be soooooo generous?

Posted by emsvsi > 2021-01-16 15:14 | Report Abuse

And Genm's net debt to equity is only ~ 0.4 :)

At net debt:equity of 1, they can raise another RM9 bil just for the heck of it :)

Posted by emsvsi > 2021-01-16 15:15 | Report Abuse

They can borrow RM9bil and give out dividends, LKT say you blow ah :)

Posted by Mytime > 2021-01-16 15:15 | Report Abuse

Will Genting still generous with dividend while they not sure when the pandemic will be over?

Posted by AXE666 > 2021-01-16 15:17 | Report Abuse

EEEEEEEEH, yes we are very happy with genm, u blow ka ?

Posted by BATFLY > 2021-01-16 15:18 | Report Abuse

Genting and air asia will be greatly affected by MCO and emergency ruling.

Posted by Mytime > 2021-01-16 15:20 | Report Abuse

Axe666 your happiness is short lived haha