Posted by drkelvin20 > 2021-01-22 21:14 | Report Abuse

@chokin...we will know in due course if I am kidding you or myself, or the opposite. Never say never for things that beyond our knowledge. The power or technology is something we all will not know the entire thing. I discovered too many great things during my PhD study in Engineering in Germany and yet, I don;t know the much things of this nature for sure.

Do not underestimate the ultimate function and role of the vaccine. It may not be a smooth ride in the recovery. But mankind will survive....Most pandemic ends when times come, JE, Spanish Pandemic, H1n1, SARS etc...

I hope we can exchange some more ideas by end of the year 2021...and we will know maybe I am kidding myself, yourself, or the opposite.

This is only my own analysis and thinking. Times will tell if my analysis and thinking are right...

Be optimistic @choking...go study what is a vaccine and how does it work in due course, and mutation of virus, process, etc, and I am sure you will be more optimistic than now, which is good.

Disclaimer: NOt a buy call or sell call. Just my own two cents to share with fellow investors here.

Posted by kaitan > 2021-01-22 21:40 | Report Abuse

since MC0 2.0 started, 4 bank analysts had downgraded from previous targets, and the mean is actually 2.24 . Click Headlines at the top of this link itself and you will see. More downgrades to come.
This is just the beginning of the downtrend of a long phase with negative income. Glad some people having optimistic weekend but nothing goes down on a straight line. The slide will continue next week.

Posted by chokin > 2021-01-22 21:46 | Report Abuse

drkelvin20, if you think you are the only who has a phd here then you must be kidding yourself. No point bringing up your academic record in this cyber world where virtually nothing can be substantiated. By the way, a show-off character can never earn my admiration, let alone my respect. And i wouldn't call myself a doctor either in this cyber network even if i am one.

Posted by drkelvin20 > 2021-01-22 22:05 | Report Abuse

@chokin, i just wanted to share with you never say never to things that beyond our knowledge. We all dunno much of these mother nature things, so never ever conclude that Cobid is forever with us.

I think Covid will fade away, but before it materializes my way or your way, please do not tell me that I am kidding myself. I just shared what I thought and equally I am not saying you are living your own world and you must be kidding yourself by creating this Panic here.

I have faith in Vaccine, Be optimistic Chokin! It is friday, let's relax, rest, and look forward for next weeks/month development.

Happy investing, lets hope we all make gain in the share market together.
Take care.

Posted by Mytime > 2021-01-22 23:19 | Report Abuse

If 2 many cash rushing to go in & top up. Yeah tons of bad news & downgrade. But good news is lack of sellers hahaha. The price won't crash if nobody sell. 2.36 support not difficult to break if I dump all my holdings hahaha.

Posted by choysun > 2021-01-23 00:49 | Report Abuse

@drkelvin20 Ignore the chap. Exhibiting Dunning-Kruger. :p
Agreed, doing a PhD makes one realise how little he/she knows eventhough they are supposed to be the expert in their field. That's why learning is life long. :)

Posted by choysun > 2021-01-23 01:37 | Report Abuse

Hmm, wonder what this means to RW Catskill :)
https://www.legalsportsreport.com/47351/mobile-ny-sports-betting-bills-on-the-move/

Posted by chokin > 2021-01-23 06:54 | Report Abuse

To those half baked cookies who intentionally pervaded excessive optimism with an obvious agenda; even a lingering covid situation is bad enough for Genting's group bottom line, a worsening condition like the one we are facing now together with the non stop bleeding from those overseas blunder will certainly inflict more damages. By the way, creating panic and stating the facts are two different things, but you know one thing is for sure, that karma won't come after you if one is true to their own words.

Posted by apprentice > 2021-01-23 07:00 | Report Abuse

Well said, chokin.

Posted by 752_michael_chan > 2021-01-23 09:56 | Report Abuse

The Malaysia Stock Exchange is open Monday through Friday from 9:00am to 12:30pm and 2:30pm to 4:45pm (Malaysia Time).
There are 638000 auction shares @2.40 recorded after market closed

Posted by 752_michael_chan > 2021-01-23 09:58 | Report Abuse

Monday to open @2.37/2.38...steady, steady..
Have a nice Saturday morning!

Posted by 752_michael_chan > 2021-01-23 10:29 | Report Abuse

Yes, expect the unexpected..

Posted by choysun > 2021-01-23 11:28 | Report Abuse

Huh? Not buy bye meh? Hahaha

Posted by 752_michael_chan > 2021-01-23 11:41 | Report Abuse

@shareinvestor88 for sure... I will add more

Posted by coolvid > 2021-01-23 11:46 | Report Abuse

https://9shares.my/%e7%ba%a6%e7%bf%b0%e9%80%8a%e6%8c%87%e8%8b%b1%e5%8f%98%e7%a7%8d%e7%97%85%e6%af%92%e8%87%b4%e6%ad%bb%e7%8e%87%e9%ab%98-%e6%96%99%e5%a2%9e30/?fbclid=IwAR2GrAk-gb0D6nEFNrU-udPNkU377gP3LU2zAKy7LwZDieuTKQF_b03kbuk

Posted by Bgt 9963 > 2021-01-23 11:47 |

Post removed.Why?

Posted by drkelvin20 > 2021-01-23 14:52 | Report Abuse

Actually I think those who feel like GENM is going south, can just stay away from this counter if this counter is hopeless to you. I mean if this is not your pick, why not you just stay away and save your time to do other things.

If you think Covid is gonna vanish the tourism industry, then just leave this forum, save your time for other stocks which you think high?!

Or you want to create fear based on market sentiment, and expect the share to dip further, so that you can buy low at RM 2?!

I really don;t think this will work, there are so many investors out there with own study and analysis.

Posted by drkelvin20 > 2021-01-23 14:55 | Report Abuse

Some news to share, from Dr. Fauci (US infectious diseases expert and leader)

https://www.enanyang.my/%E5%9B%BD%E9%99%85/%E7%A6%8F%E5%A5%87%E7%96%AB%E8%8B%97%E5%AF%B9%E5%8F%98%E5%BC%82%E7%97%85%E6%AF%92%E6%9C%89%E6%95%88

Posted by drkelvin20 > 2021-01-23 14:57 | Report Abuse

Some more news to share: Light at the end of the tunnel?!

https://www.dailymail.co.uk/news/article-9178525/Dr-Fauci-says-one-shot-Johnson-Johnson-vaccine-approved-two-weeks.html

Posted by wehcant > 2021-01-23 15:01 | Report Abuse

Well said, Dr.Kelvin!

Posted by AXE666 > 2021-01-23 15:05 | Report Abuse

doubt this round bottom will reach Rm2 again, current price consider quite low already.

Posted by drkelvin20 > 2021-01-23 15:06 | Report Abuse

Actually I feel all are welcomed to share respective thoughts and ideas and findings, since this is an open forum for all on GENM...

But not to overwrite some others postings here. Disagreements should be permissible, but never ever write off other opinions and laugh off someone shared ideas for own interest.

I will never laugh off someone to be kidding themselves for their postings and comments here, as I truly know how big is the world and things we are not expert in.

Never ever be so sure on something, trying to laugh off people, write off others sharing, just because you want to scare away people to sell in panic for your to buy low.

You can share on your thoughts on negativity of GENM, or posivity of GEMM, but what is your points to insist that you are the one one who will be right in your analysis?!

Posted by drkelvin20 > 2021-01-23 15:08 | Report Abuse

https://www.dailymail.co.uk/news/article-9178525/Dr-Fauci-says-one-shot-Johnson-Johnson-vaccine-approved-two-weeks.html

Dr.Fauci said that the new vaccine (From Johnson & Johnson) presents 'really good news' because once approved it will make it easier for the public to get inoculated since it's a single-dose shot.

'That's really important because you can expect to start to see results 10, 14 days or so right after,' he said.

'But it has a less stringent cold chain requirement, which is really good.'

Fauci's comments come a day after Dr. Mark McClellen, a Johnson & Johnson board member, told CNBC on Thursday that the nation's COVID-19 vaccine supply will receive a huge boost in the coming weeks 'if the clinical trial works out.'

'I do know that J&J is making a very large supply, going all out with its production, both here in the US and elsewhere around the world, with the goal of having perhaps enough vaccines for 100 million Americans by spring, by this April or so,' McClellan, the former commissioner of the Food and Drug Administration, said on Thursday.

Posted by drkelvin20 > 2021-01-23 15:13 | Report Abuse

Some more news to share on efficacy of vaccines, I think this gives some ideas on worry for new variants and strains of the Covid virus.

https://www.cnbc.com/2021/01/21/dr-fauci-says-covid-vaccines-appear-to-be-less-effective-against-some-new-strains.html

Posted by drkelvin20 > 2021-01-23 15:21 | Report Abuse

@choysun. agree.

Let's be patient, riding through the volatile market during Covid Pandemic.

Be firm on our believe, and make wise analysis.

I myself will keep the Buffetts famous ALL TIME quote in mind:

"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."

I am preparing to add more if the GENM dip to RM 2.3/2, in batches, and most likely to load some more at around rm 2/below.

Posted by drkelvin20 > 2021-01-23 16:02 | Report Abuse

Moderna news...More and more vaccine news are rolling out...Let's hope we can end the pandemic with Science and life can return to normal...

https://www.chinapress.com.my/20210123/%e2%97%a4%e5%85%a8%e7%90%83%e5%a4%a7%e6%b5%81%e8%a1%8c%e2%97%a2-400%e4%b8%87%e4%ba%ba%e6%89%93%e8%8e%ab%e5%be%b7%e7%ba%b3-%e4%bb%8510%e4%be%8b%e4%b8%a5%e9%87%8d%e8%bf%87%e6%95%8f/

Posted by coolvid > 2021-01-23 16:18 | Report Abuse

https://www.cnbc.com/2021/01/21/dr-fauci-says-covid-vaccines-appear-to-be-less-effective-against-some-new-strains.html

Posted by apple168 > 2021-01-23 19:01 | Report Abuse

Last escape wave... good luck

Posted by apple168 > 2021-01-23 19:05 | Report Abuse

4275 new cases recorded in Malaysia today! Shall we suggest government to use first world hotel as Covid-19 hospital under DARURAT ruling? All first world hotel rooms are isolation room. Good to isolate COVID-19 at the peak of the hill... Hmm... just pondering...

Posted by choysun > 2021-01-23 19:12 | Report Abuse

@apple168 Yes, Covid patients coming to quarantine at your home soon :p

Posted by coolvid > 2021-01-23 20:13 | Report Abuse

https://www.sinchew.com.my/content/content_2415883.html?fbclid=IwAR3TtOlsbdMxoiX6hliPxYhLoxqGMl0iz-cCOSmbZe4wc2eFsG_gZb-Itso

Game Over..... decided to cut loss and buy in again below rm2.....

Posted by pharker > 2021-01-23 21:18 | Report Abuse

Food for thought

https://www.youtube.com/watch?v=eltGJsaUzKc

Posted by choysun > 2021-01-23 23:25 | Report Abuse

@coolvid All your post doesn't look like you have anything to cut loss on leh. And today is weekend, not trading you know... :p

Posted by stkoay > 2021-01-23 23:32 | Report Abuse

@choysun...he meant he wants to cut loss his GLOVES.....wakaka.

Posted by Bgt 9963 > 2021-01-24 08:35 |

Post removed.Why?

Posted by limkokthye > 2021-01-24 11:03 | Report Abuse

https://www.freemalaysiatoday.com/category/world/2021/01/24/major-study-finds-worlds-first-oral-medicine-effective-in-treating-covid/

Posted by sharewiz118 > 2021-01-24 11:03 | Report Abuse

As the results of sniffing too much rubber stock, glove kaki contracted permanent brain damaged and become so desperate

Posted by apprentice > 2021-01-24 11:37 | Report Abuse

Posted by sharewiz118 > Jan 24, 2021 11:03 AM | Report Abuse

As the results of sniffing too much rubber stock, glove kaki contracted permanent brain damaged and become so desperate

_______________________________________________________________________

GenM operations is shut down.

Wonder who is desperate LOL

Posted by 752_michael_chan > 2021-01-24 12:21 | Report Abuse

Whatever the outcome, just hold on...and get ready to add more..no panic sell


https://www.enanyang.my/%E8%A6%81%E9%97%BB/%E7%96%AB%E6%83%85%E8%8B%A5%E6%B2%A1%E5%A5%BD%E8%BD%AC%C2%A0%E5%A4%A7%E9%A9%AC%E6%88%96%E5%85%A8%E9%9D%A2%E5%85%B3%E9%97%AD%E7%BB%8F%E6%B5%8E

Putrajaya mulls total economic shutdown after Feb 4 if Covid numbers don't improve, Eurocham Malaysia tells its members | Malaysia | Malay Mail - https://www.malaymail.com/news/malaysia/2021/01/24/putrajaya-mulls-total-economic-shutdown-after-feb-4-if-covid-numbers-dont-i/1943475

Posted by 752_michael_chan > 2021-01-24 12:24 | Report Abuse

These are some of the fear and anxiety we have to overcome in the next 1-2 months... smile and have a wonderful Sunday!

Posted by drkelvin20 > 2021-01-24 12:36 | Report Abuse

Its certainly a tough ride now due to high number of Covid cases.

However, most investors keep holding still at rm2.3++ as of last friday, so that we have yet to see a sharp drop in share price, which is good...

I hope in upcoming weeks, the impact of MCO 2.0 will start surface out with reduce in COVID cases, which can shed some lights on the recovery.

Elsewhere, vaccination keeps rolling out, daily we are exposed to different vaccination progress and development, and news and uptake rates, some are encouraging and some news are a bit worrying.

The particularly encouraging is the one from US giant pharmaceutical company, Johnson & Johnson, with trial result to be out by this month end, expected to be in mass production soon. This J&J vaccine require only one dose to be effective, unlike other vaccines. This can be a game changer. The fact that J&J is taking its time in the tests and development, would means something really distinctive.

With more and more vaccines and even with some varying efficacy, I believe herd immunity will be achieved in next few quarters to come.

Based on the vaccination progress, there should be more and more news out, and we are embracing our own vaccination in Malaysia starting in next month.

I hope and keep faith in that, mankind is gonna SCIENCE this XXX out soon.
Let's keep faith, be positive that the SCIENCE will help bring back our life in upcoming months.

My two cents on recovery.

Disclaimer: NOt a buy call or sell call. Invest on own. Study own analysis and make own wise decision.

Posted by shareinvestor88 > 2021-01-24 13:05 | Report Abuse

apprentice , is GM operations shut down ? true ?

Posted by mita29 > 2021-01-24 14:35 | Report Abuse

Hi guys It's time to panic sell before it's too late, the reason is so that ppl could consider buying at a much cheaper price (<2.0) in the near future, existing shareholders could also add more at lower price. When Genting recovers it's gonna be huuuge but first it has to go thru hell first due to extremely unfavorable market condition (ie perpetual MCO). Let's panic sell to create a cheaper entry point for all.

My two cents on the crash of Genting
No buy sell recommendation

Posted by twynstar > 2021-01-24 15:47 | Report Abuse

To value investor,

The Net Tangible Asset ( NTA ) of genm is RM 2.71 ( 3Q2020). But genm really just worth RM 2.71? Let me give you some hints.

Hint 1: What are Net Tangible Assets (NTA)?
Net tangible assets are calculated as the total assets of a company, minus any intangible assets such as goodwill, patents, and trademarks, less all liabilities and the par value of preferred stock. In other words, its focus is on physical assets such as property, plant, and equipment, as well as inventories and cash instruments.

Hint 2 : Annual report 2019 --page 90
Property, plant and equipment (PPE) are stated at cost less accumulated depreciation and impairment loss where applicable. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Cost also includes borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset.

Hint 3: Annual report 2019 --page 119
Net book value of PPE at 31 Dec 2019
= cost of PPE - Accumulated depreciation - Accumulated impairment losses
= RM 24,037.4m - RM 7,297.9m - RM 118.6m
= RM 16,620.9m

Hint 4: Annual report 2010--page 113, and Annual report 2019 --page 167
Please compare the net book value of properties in 2010 and 2019. They are not much different. But the real estate price in Malaysia, UK and US increased almost 100% in 10 years.

Hint 4 : Annual report 2010 --page 3
On 15 October 2010, we completed our acquisition of casino businesses in the UK from Genting Singapore PLC for a total cash consideration of £351.5 million. We now own the largest number of casinos in the UK with 46 casinos as at 31 December 2010

Hint 5 : Annual report 2019 ---page 83
Disposal of Coastbright Limited (“Coastbright”), an operator of Maxims Casino in Kensington, London.On 21 March 2019, Genting UK Plc, dispose of its entire equity interest in Coastbright for a total net cash consideration of GBP33.7 million (equivalent to approximately RM180.3 million). The Group realised a gain of approximately GBP22.7 million (equivalent to approximately RM123.8 million) from the disposal.

So, do you really think genm just worth RM 2.71?

Posted by EDINVESTOR > 2021-01-24 16:23 | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2021/01/24/why-wait-implement-full-lockdown-now-says-najib/

Posted by EDINVESTOR > 2021-01-24 16:28 | Report Abuse

A full lockdown is devastating to the whole economy. The government have to wait until Feb 4th only decide.

Posted by PunTatBerSiul > 2021-01-24 16:29 | Report Abuse

We are already devastated, what else is left?

Posted by 752_michael_chan > 2021-01-24 16:38 | Report Abuse

Guessing what's ahead is not an investment strategy.. it's a waste of time. I will just hold on to it

Posted by EDINVESTOR > 2021-01-24 16:48 | Report Abuse

A full lockdown should happen earlier. And All sectors involved. Doing it at later stage will only make the situation worse. Najib finally said something right about the government.

Posted by apple168 > 2021-01-24 16:53 | Report Abuse

https://www.sinchew.com.my/content/content_2416542.html