GENTING (3182): News and Blogs

https://theedgemalaysia.com/node/719697
Foreign tourist arrivals surged to 9.48 mil as of May 2024 — Zahid

He said the Ministry of Tourism, Arts and Culture has targeted 27.3 million international tourists and an income of RM102.7 billion this year. Cheers!

1 day ago

In actual fact, it's the uncertainty surrounding inflation and the appreciation of the US dollar during efforts to combat inflation that has led investors to stay away from casino stocks. The US dollar's appreciation, driven by the Federal Reserve's interest rate hikes, has created a challenging environment for international revenue conversion and increased market volatility.

1 day ago

However, as the world appears to have reached the peak of the inflation cycle, 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. This shift is expected to restore investor confidence, making casino stocks more attractive. The anticipated decrease in market volatility and improved financial outlook should encourage investors to buy into casino stocks once again.

1 day ago

Trump will make America great again. Better than the nyanyuk Biden.

1 day ago

This is an investment in the stock market. I respect the many investors who made millions of dollars during the COVID pandemic while keeping a low profile. They are the true investors in the stock market. Yes, it's all about patience...patience, timing, and strategy. Let's hold on to Genting and prosper together in the next few years.

1 day ago

As a trader, its all abt the timing n big swings, not the amt of time in the market n time spent posting in chat forums. Having caught over 10 big n small swings since stock price was below 3.00, I think thats equivalent profit of stock price rm8 to 9 liow when trader exited n pumped in all money into taurx.

1 day ago

Trader needs skills and really good charting skills. Without these skills, its like gambling in casino. So, if a person does not not the skills, better stick to being value investor.

1 day ago

👍👍

1 day ago

Yes @Koosan, a trader's mental psychology, strategy n self-discipline rank above charting skills.

1 day ago

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.
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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.
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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.
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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.
👍👍👍👍👍

22 hours ago

I understand that not all posts will appeal to everyone. If you find this content uninteresting, feel free to skip it.

22 hours ago

@ATK Since you mentioned mental psychology, strategy....these also applies to gambling in casino, right? Heart attack after winning.
Hahaha....yes mental psychology, strategy are important

21 hours ago

You need to have an edge over others, a strategy that can be repeated with higher chance of probability. In casino payout, the house will have an edge so its a matter of average out long term play house sure win.

19 hours ago

In stock trading, there is a very important factor called trend. If you follow the trend, your probability of winning becomes higher. Stock trading is a probability game. Always watch the downside, the upside will take care of itself. Trade defensively, safety first. Have your own trading rules n follow your trading rules religiously.

19 hours ago

I have never put down a single dollar on the casino table in my life. I dont have an edge over the house, so i avoid their game totally. I choose the battlefield where i have an edge.

19 hours ago

Some good traders got their initial training at playing poker. Calculated risk. Know when to hold n when to fold the cards. Control your emotions n read the other players.

19 hours ago

Very well said.

19 hours ago

eagleye

@KooSan, AngTayKor is an expert.
He cares and shares.
Some gained financially fr his advice.

19 hours ago

Posted by neohts > 2 days ago | Report Abuse
OTB - US cannot get. But UK possible.
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Posted by AngTayKor > 1 week ago | Report Abuse

https://alz-journals.onlinelibrary.wiley.com/doi/10.1002/alz.13859

This paper is backed by National Institute on Aging (under N.I.H), Alzheimer's Association etc. Notice Billy Dunn is also a committee inside. Good for Taurx.
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@neohts, you have to read this USA based medical paper very carefully.

15 hours ago

Trump told CNN on Sunday that he believed Harris would be easier to defeat.

A Trump win in the 2024 presidential election could have various implications, including:

Lower interest rates: This could result in a weaker dollar, which would be beneficial for exports.
Lower taxes: Potentially stimulating business growth and consumer spending.
Delay for TauRx: It might have to wait five more years for potential advancements or approvals.
Positive impact on Resorts World properties: Including Resorts World Las Vegas and Resorts World New York City, likely due to favorable business policies.

马屁精 is right,
Don't be conned and
don't be cheated..

9 hours ago

neohts

AngTayKor......noted with thanks

8 hours ago

neohts

let the weak holder sell first. I believe afternoon will comeback even stronger.

6 hours ago

Pinky

@Michaelchan2024 Kamala candidacy will put more Conservatives even more firmly behind Trump

6 hours ago

newbie2019

what happened? cashing down? really 4.5-4.85? narrowing range?

6 hours ago

I think Biden already a Mild Cognitive Impairment patient liow on the way to becoming an AD Mild patient.

6 hours ago

Save

Foreign fund nett buying Day 16 last Friday +93M, Local institution keep nett selling -102M. KLCI short term support 1630 unfortunately broken down so easily, let see if today can close above 1630. If today is a bearish engulfing or evening star candlestick, market may settle down for portfolio rearrangement for future Trump presidency until Olympic games finish. It seems foreign fund temporally trapped by local institutions. Genting is the beneficiary of Trump presidency, thus should be good near Olympic games ended. Watch 4.85

5 hours ago

@ Pinky, yes, US presidential election is a done deal.

5 hours ago

GenB dropped by almost 2% on low volume, why ar?

4 hours ago

it can indicate a few different scenarios:

1) Lack of interest can lead to price movements with relatively small trades.

2) Market noise: Sometimes price changes on low volume are just noise.., meaning they don't necessarily indicate a significant change in sentiment or fundamentals.

3) Weak selling pressure: The drop might be caused by a small number of sellers, which can move the price due to the low volume.. This might not reflect a broader market consensus.

4 hours ago

newbie2019

so…. going back to 4.5 slowly
so jialat

4 hours ago

https://www.klsescreener.com/v2/news/view/1361927/sustainable-recovery-awaits-casino-operators-according-to-hlib-research
Sustainable recovery awaits casino operators, according to HLIB Research

The research firm anticipates continued earnings recovery for Genting Singapore (GENS) and Genting Malaysia (GENM) for the second half of 2024 (2H24), benefiting Genting Group, driven by the ongoing rebound in tourist numbers.

4 hours ago

Bukan 4.50.. you can buy at 4.30

4 hours ago

prudentinvestor

Maybank IB's recommendation tak boleh pakai again. Many are trapped at above RM4.80.

4 hours ago

Posted by Michaelchan2024 > 4 hours ago | Report Abuse

Trump told CNN on Sunday that he believed Harris would be easier to defeat.

A Trump win in the 2024 presidential election could have various implications, including:

Delay for TauRx: It might have to wait five more years for potential advancements or approvals.
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@Michael， you like to 自編自導自演？ 🤣🤣🤣

4 hours ago

If you think Maybank analyst honestly helping retail investors to huat, then please hold on or buy even more.

4 hours ago

@ATK, you too always like to 自編自導自演.

4 hours ago

Im merely reflecting experiences as a trader la, sharing my trading knowledge.

4 hours ago

Posted by AngTayKor > 14 minutes ago | Report Abuse

If you think Maybank analyst honestly helping retail investors to huat, then please hold on or buy even more.
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In the state of euphoria, history lessons will be easily forgotten. To be a good trader, you also need to understand crowd psychology and remember history lessons.

4 hours ago

Posted by AngTayKor > 6 days ago | Report Abuse

A day trading whale. One day's lunch at a time.
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On top of that, a good trader needs to be observant when looking at daily and intraday price action.

4 hours ago

Olympic Games Paris 2024

26 July 2024 – 11 August 2024

I think the stock market is going to be quiet.

1 hour ago

Pinky

A mystery - why ATK only appears in Genting topic in i3??? 🤔

1 hour ago

neohts

To me now is collection mode.. Bought 4.71

59 minutes ago

ATK is always active when GenB's price drops. I often did the reverse of what he advised. The most obvious instance was when GenB's price dropped to 4.02, he told me to sell, but I bought more.. what a joke 😃

50 minutes ago

He was there twice when GenB's price dropped to 4.50 and I laughed. 😂

46 minutes ago

A guy lik that obviously can't be trusted..

43 minutes ago

马屁精 is right,
Don't be conned and
don't be cheated..

43 minutes ago

Posted by Michaelchan2024 > 25 minutes ago | Report Abuse

ATK is always active when GenB's price drops. I often did the reverse of what he advised. The most obvious instance was when GenB's price dropped to 4.02, he told me to sell, but I bought more.. what a joke 😃
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I bought when around 4.05 zone then. It was around the low and hence Im preaching to MM to "cutloss". Those "cutloss words" were for the nasty MM, not for you @Michael. You really so silly to believe then? 🤣🤣🤣

10 minutes ago