Posted by Tobby > Dec 13, 2021 11:40 AM | Report Abuse
Actually Skyworlds is unoffically open to public! Can even take a ride in one of this attraction for 20 bucks! But bare the massive crowds! For me and wifey, we postponed our trip there until the hype subside!
COVID: Omicron variant spreading at unprecedented rate, says WHO
The World Health Organization has warned that the coronavirus variant Omicron was spreading at a rate not seen with previous strains and was likely present in most countries.
Technical Tracker - GENM: May Play Catch-up Author: HLInvest | Publish date: Mon, 13 Dec 2021, 9:15 AM
Will GENM play catch up? To recap, US gaming stocks such as Las Vegas Sands, Wynn Resorts Ltd and Melco Resorts & Entertainment Ltd have rebounded between 11-15% respectively since 1 Dec after Omicron’s fear subsided, as the latest research findings indicated it could be less severe than Delta variant (source). However, Malaysia’s gaming stocks such as GENM and GENTING performances (only grew 1.1% to 1.5% for the same period) were relatively lackluster against its peers. The tepid share prices performance could be attributed to “market unfriendly” taxes in Budget 2022 that triggered net foreign selling from 1 Nov-9 Dec (net sold RM533m).
Nevertheless, we believe GENM will play catch up soon underpinned by (1) RWG’s recovery trend remains intact; (2) Malaysia international borders may reopen by January 1 (source), (2) undemanding valuations of 16.3x FY22 P/E and 5.8% attractive DY against its peers (#Figure 1) and (3) GENM is viewed as a key proxy for investors to ride on this post-pandemic leisure boom.
Swift recovery in 4Q21 and beyond. With RWG reopened on 30 Sept, GENM’s earnings is expected to experience a swift recovery in 4Q21 and beyond on the back of pent-up demand from local tourism which accounts for >70% of its visitations. Moreover, GENM’s U.S and UK operations which had posted impressive earnings in 3QFY21 are expected to sustain in the coming quarters. On the other hand, the widely anticipated SkyWorlds theme park (to be launched by end of Dec) would further bode well for future earnings.
May fill the gap. Affected by the Omicron’s variant news flow, GENM tumbled 11% from RM3.05 on 24 Nov (the 1st time Omicron was discovered) to a low of RM2.71 (2 Dec) before staging a mild rebound to end at RM 2.81 last Friday. With indicators showing uptick bias, we expect potential downtrend reversal to refill its RM2.89-2.94 gap before reaching our LT objective at RM3.00-3.17 levels. Cut loss at RM2.64.
Covid surge is gripping New York City ahead of the holidays: ‘We’ve never seen this before’
CDC data shows that omicron is spreading fastest in New York and New Jersey.
On Dec. 12, the Covid-19 test positivity rate in the city was 7.8%, up from 3.9% just three days before, according to Dr. Jay Varma, a top health advisor to Mayor Bill de Blasio.
Ya, Omicron is running wild in the US. My friend had to pick up his daughter from Cornell U because 500+ people were infected at the school! But that's the US, the govt has lost control of the situation.
WHO says Omicron in 89 countries and spreading rapidly
The Omicron coronavirus variant has been reported in 89 countries and the number of cases is doubling in 1.5 to three days in areas with community transmission, the World Health Organization (WHO) has said.
Sunday & monday was dry elsewhere but not at Genting highland. The wet season starts from October and will last until February. During this period there is heavy and constant rainfall and is accompanied by a drop in the temperature at Genting Highland. The weather has just intensified. Not the best time for visitors especially for the outdoor theme park. Avid travelers would avoid visiting Genting during this period.
No need to hope la...When u invest in GENM you should study the weather too hahaha
Omicron spreading ‘significantly faster’ than Delta – WHO: Live
WHO chief warns of reinfection from COVID as the US health authorities say Omicron variant now accounts for 73.2 percent of new cases.
The World Health Organization (WHO) has said the Omicron variant of the coronavirus is spreading faster than the Delta variant and is causing infections in people already vaccinated or who have recovered from the COVID-19 disease.
Fauci: Omicron ‘raging through the world’ and travel increases Covid risks
The Omicron variant of Covid-19 has “extraordinary spreading capabilities”, the top US infectious diseases expert said on Sunday, and promises to bring a bleak winter as it continues “raging through the world”.
Singapore to suspend new ticket sales for quarantine-free travel starting Thursday
Singapore will freeze new ticket sales for quarantine-free travel in an effort to limit exposure to imported omicron cases, the health ministry said in a statement Wednesday.
The suspension, which begins Thursday and runs through Jan. 20, applies to flights and buses into the city-state.
Travelers who have already booked tickets under Singapore’s vaccinated travel lane arrangements will still be able to enter the country without serving quarantines.
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....
kamirise360
542 posts
Posted by kamirise360 > 2021-12-13 20:05 | Report Abuse
Is it open for public already?
Posted by Tobby > Dec 13, 2021 11:40 AM | Report Abuse
Actually Skyworlds is unoffically open to public! Can even take a ride in one of this attraction for 20 bucks!
But bare the massive crowds!
For me and wifey, we postponed our trip there until the hype subside!