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4.13   -0.03 (0.72%)  4.08 - 4.18  11,460,100
26,706 comment(s). Last comment by JBond007 at Dec 3, 2020 2:16 AM
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aliyusof
991 posts

Posted by aliyusof > Oct 29, 2020 8:05 AM | Report Abuse

Dow Jones down 943 points. Confidence of economu recovery low due to serious 2nd or 3rd wave of covid 19 in Europe and US (80k new cases yesterday). Perhaps market feels Trump (good for stock market it seems so) will lose on 3 Nov. Very long haul for casino and travel businesses, no douby about this.


positive_investor
773 posts

Posted by positive_investor > Oct 29, 2020 8:28 AM | Report Abuse

You comment so much here for what? Means you're so interested and wanting to buy genting shares loh. Do so much drama here for what? US market up or down doesn't matter...focus on your stocks. GENTING and GENM don't have cashflow problems mah so why you keep whining here daily leh? With cashpile RM 32 billions can manage the companies well mah. Now it's expanding in NY and Miami while LasVegas is due to open next year. Miami may do a bit of construction in monorail with win-win situation. Genting HK is settled with Germany govt grants and cruises sailing with full bookings especially by singaporeans mah. Why kiasu cannot stand to stay indoor leh? Same with people in M'sia cannot stand to stay indoor mah.


Sharefisher
802 posts

Posted by Sharefisher > Oct 29, 2020 8:35 AM | Report Abuse

Old man stocks are better in downtime like now. Genting is one of them. I put some money in construction also, they are worst than genting, some only at 20 to 25% of their NTA or their peak time... Again, not for immediate returns. Hope, my money not going into the drain. Haha ha..


positive_investor
773 posts

Posted by positive_investor > Oct 29, 2020 8:36 AM | Report Abuse

Banks earn by depending on businesses to pay them interests mah. So smart way is to identify which businesses will recover strongly especially post pandemic. Why buy glove counters with unsustainable earnings and valuations?

Can't you see how high and expensive are PE and PB ratios of those glove counters?

You think glove earnings can last forever? The risk reward ratio is greater in recovery stocks especially when stock prices at multi year lowest low mah


positive_investor
773 posts

Posted by positive_investor > Oct 29, 2020 8:48 AM | Report Abuse

With high cases and death tolls in western countries, you think the angmohs can just let it be? They will forcefully push out the vaccines and solve it quickly ASAP mah.

We're near to vaccine mass distribution phase and nearer to post pandemic period, are those glove stocks PE and PB getting even more unattractive because their earnings will drop when demands fizzle out? If you still chasing highly expensive glove counters...think thrice loh


investmalysia
1234 posts

Posted by investmalysia > Oct 29, 2020 10:02 AM | Report Abuse

So easy to get vaccine meh? This is just story only


aliyusof
991 posts

Posted by aliyusof > Oct 29, 2020 11:21 AM | Report Abuse

Correct, Genting has cash 32b. But u forget to say it has also ong term borrowing 35.8b band short term borrowing 3.35b


maggiemee
1175 posts

Posted by maggiemee > Oct 29, 2020 11:22 AM | Report Abuse

Getting cannot already before pandemic time also doing not good just this virus has bring down early the company to bottom only. It’s certified RIP but still can go there to play around not bad idea


aliyusof
991 posts

Posted by aliyusof > Oct 29, 2020 11:22 AM | Report Abuse

long


aliyusof
991 posts

Posted by aliyusof > Oct 29, 2020 11:28 AM | Report Abuse

Some are like an ostrich burying his head in the sand...cannot tolerate views different from his.


investmalysia
1234 posts

Posted by investmalysia > Oct 29, 2020 11:44 AM | Report Abuse

You think bank only earn from interest? They got many place to earn money. Think about this, during six months loan moratorium, Maybank still earn 900 million in its latest quarter. Other banks are also earning hundreds of millions.


shareinvestor88
2706 posts

Posted by shareinvestor88 > Oct 29, 2020 11:44 AM | Report Abuse

SOUNDS BAD , BETTER SELL TP 2


Jeffreyteck
3730 posts

Posted by Jeffreyteck > Oct 29, 2020 11:49 AM | Report Abuse

Management and bod announced to cut 50% remuneration already? Yes, buy for LT. No, alternative counters. Will not support high pays for poor work done even during non pandemic time.
Q3 poor results, Q4 very poor results yoy.
WHO... Vaccines for 3% priority groups by end 2021.
ST trading as still many supporters and chief traders are active.


Stockisnotfun
2218 posts

Posted by Stockisnotfun > Oct 29, 2020 12:19 PM | Report Abuse

Genting have cash or not but doesn't reflect in share price means nothing at all. That means all of his cash are getting from this one sided love investor like u.


shareinvestor88
2706 posts

Posted by shareinvestor88 > Oct 29, 2020 12:29 PM | Report Abuse

you are right better sell likely will hit 2


investmalysia
1234 posts

Posted by investmalysia > Oct 29, 2020 1:24 PM | Report Abuse

Correct. As I said, we all know Genting got pile of cash and many assets. But still drop. Because market dont care about it. Market only cares about their ability to deliver profit in coming quarters. Cash will deplete. Same as your savings if you’re not able to earn more than what you spend.


BabyAce
936 posts

Posted by BabyAce > Oct 29, 2020 1:28 PM | Report Abuse

This Genting I wait so long you still so steady at RM3


Ryan83
665 posts

Posted by Ryan83 > Oct 29, 2020 1:36 PM | Report Abuse

Covid-19 pandemic is getting worse day by day now already breaks 500,000 daily new cases worldwide even though winter season is still 2-3 weeks away.Expect deadly winter season with worldwide daily new cases reach 600,000-700,000 cases for at least 2-3 months.Genting share price below RM2.50 is a fair buy and below RM2 is a good buy.


Alfonso
1830 posts

Posted by Alfonso > Oct 29, 2020 1:40 PM | Report Abuse

If covid19 stay 4ever, i think world need no more entertainment, just go work, bc to home and go work again until end of human life.


positive_investor
773 posts

Posted by positive_investor > Oct 29, 2020 1:51 PM | Report Abuse

aliyusof, likewise the debts can be pared down just as the existing high cashpile. I'm not even worried about debts. The perks of having a strong brand is that it can raise cash rather easier than one thinks.


positive_investor
773 posts

Posted by positive_investor > Oct 29, 2020 2:03 PM | Report Abuse

If you wanna talk about debts then in bursa...TENAGA has the highest net debts which stood at RM 65+ billions. How about that? Look below the top 3 rankings:

TENAGA: RM 65+ Billions NET DEBTS
MAYBANK: RM 61+ Billions NET DEBTS
CIMB: RM 39+ Billions NET DEBTS

You may ask, how about GENTING, GENM and GENP. Here they are:

GENTING: RM 5.048 Billions NET DEBTS
GENM: RM 5.722 Billions NET DEBTS
GENP: RM 1.102 Billions NET DEBTS

It's obvious that the debts of 3 genting sister companies are not that significant compared to some other companies. Underborrowed or overborrowed? Do some research yourself. Can't simply look at debts alone when there are many things to be factored in when investing :)


positive_investor
773 posts

Posted by positive_investor > Oct 29, 2020 2:20 PM | Report Abuse

investmalaysia, Maybank's EPS dropped -54% and you still don't see what's actually coming next? The worst is yet to come for banks & they will be the ones suffer the most because they lend to the masses. Try to focus on specific companies and not those serving on broader markets/economies.


investmalysia
1234 posts

Posted by investmalysia > Oct 29, 2020 2:34 PM | Report Abuse

Seems like you don’t know how this world works. You tell me what is worse than 6 months loan moratorium? Now everyone need to pay back their loan installment already. Now you say you cannot afford to pay ah? Bank will lelong your assets. Then they will get back their money back. Or bank will restructure your loan. Which means more interest for them. You really think you can simply tell bank you cannot afford then that’s it and no need pay? EPS drop from previous quarters because of loan moratorium. Moving forward will be better. For Genting as long as covid still here, don’t put so much hope.


positive_investor
773 posts

Posted by positive_investor > Oct 29, 2020 3:22 PM | Report Abuse

Margins compression and bad NPL will keep dragging banks earnings. Asset qualities of those banks is another broader issue...have you not known that asset valuations can be downgraded? If you're heavily invested in banks, you should expect the unexpected and the worst is yet to come. Watch out many fintech companies are disrupting banks market share and squeezing their earnings. If none of what I said is true, you can validate it from various sources that you could find so easily on the internet. Ant Financial is to be listed...it will change the banking industry forever. Many prominent investors such as Warren Buffett have reduced exposures in banking stocks and more into fintech companies. Slowly say goodbye to banking stocks.

Btw what are you doing in GENM/GENTING forum threads if you're not interested? There are many ways to vent out your frustration than whining here. Real long term investors do not worry when we bought in GENM/GENTING shares at multi year lowest low prices. Valuations are also too hard to ignore...plenty margin of safety. Well you can continue holding your glove stocks that are at extremely high valuations and it's a big question whether glove earnings are sustainable in the long run. Smart investors do sell at best prices while they still can before the glove bubble pops.


shareinvestor88
2706 posts

Posted by shareinvestor88 > Oct 29, 2020 3:37 PM | Report Abuse

Aiyo so many people arguing here. I know it sounds bad. Better sell TP 2


Gaogaolat
92 posts

Posted by Gaogaolat > Oct 29, 2020 3:56 PM | Report Abuse

tomorrow genting 。。。。Tp 2. 80


Sharefisher
802 posts

Posted by Sharefisher > Oct 29, 2020 4:39 PM | Report Abuse

You can argue with wise men and learn something, but you better don't argue with stupid person, because you learn nothing. In this forum, the stupid person can be me or anyone of you....... Lol....Happy talk cook here.... Today market closed but genting forum still hot.


shareinvestor88
2706 posts

Posted by shareinvestor88 > Oct 29, 2020 6:35 PM | Report Abuse

ok lah sell TP 2


memorylane
209 posts

Posted by memorylane > Oct 29, 2020 7:46 PM | Report Abuse

Singapore open border for Chinese tourist on 6 Nov... finally....


gemfinder
2990 posts

Posted by gemfinder > Oct 29, 2020 8:01 PM | Report Abuse

Lets ho gamble


canbuyla
111 posts

Posted by canbuyla > Oct 29, 2020 8:26 PM | Report Abuse

how low can GENTING go?


shareinvestor88
2706 posts

Posted by shareinvestor88 > Oct 29, 2020 8:30 PM | Report Abuse

Expect 2.00-2.50


BostonMaxwell
194 posts

Posted by BostonMaxwell > Oct 29, 2020 8:44 PM | Report Abuse

Good news!! Singapore open border for China...


canbuyla
111 posts

Posted by canbuyla > Oct 29, 2020 9:38 PM | Report Abuse

rights issue can come anytime... investors, standby some money ya...rights fund will be use to bill out Star Cruise


Sunflower01
236 posts

Posted by Sunflower01 > Oct 29, 2020 9:45 PM | Report Abuse

canbuyla right issue or bonus issue??????????


mf
23535 posts

Posted by mf > Oct 29, 2020 9:51 PM | Report Abuse

Dow Jones 26,435.711 -84.24 0.32%


shareinvestor88
2706 posts

Posted by shareinvestor88 > Oct 30, 2020 12:51 AM | Report Abuse

Bail out GHK ??? ARE YOU SURE


Stockisnotfun
2218 posts

Posted by Stockisnotfun > Oct 30, 2020 1:24 AM | Report Abuse

Haha 17 percent loss. Started to mabuk on losses already


Pinky
474 posts

Posted by Pinky > Oct 30, 2020 6:52 AM | Report Abuse

Hahaha yaya this Covid-19 caused many of us to be immune to huge paper losses. Good actually, you will never mature as an investor until you learned to accept that double figure % losses are normal.

During 2008-09 crash I freaked out on a 25% paper loss. In a hindsight I should not have freaked out and quit! If I had stayed invested that loss would turn into a huge win later on.


Plantermen
831 posts

Posted by Plantermen > Oct 30, 2020 7:04 AM | Report Abuse

Certain counters have turned negative for the past 1 year. Running losses can be as high as 40 % { paper losses} nonetheless the bigger Question have we seen the bottom? Nobody knows


investmalysia
1234 posts

Posted by investmalysia > Oct 30, 2020 7:27 AM | Report Abuse

You need to know the situation la. GFC that time didnt affect much Genting. So unreasonable for Genting to drop that much. Now is covid which we never seen before. It was greater than sars, H1N1. Unless you’re old enough to experience Spanish flu in 1918.

This pandemic affect leisure business a lot. And it’s not going away anytime soon. That’s why I said need to look at the environment. Business always change, theory that works10 years ago doesn’t necessary works now. The world is changing rapidly


JBond007
840 posts

Posted by JBond007 > Oct 30, 2020 8:09 AM | Report Abuse

Halloween & last day of Oktoberfest
The news: Singapore open up its border for China from Nov 6 and onwards.


Jeffreyteck
3730 posts

Posted by Jeffreyteck > Oct 30, 2020 8:15 AM | Report Abuse

China vaccines only focus on age 18_59 for the time being. WHO.... vaccines only for 3% priority group by end 2021. Anything faster than the above, good luck.
Last day of Oct, surprisingly market is quite stable.


DestinyL
447 posts

Posted by DestinyL > Oct 30, 2020 8:19 AM | Report Abuse

Changes are indeed much faster nowadays. Same goes to the record of vaccine approval, as well as reaction of stock markets


neohts
793 posts

Posted by neohts > Oct 30, 2020 9:47 AM | Report Abuse

If Singapore open for China in early November, It's a very good news for Genting Santosa and Universal Studio. All the best.


investmalysia
1234 posts

Posted by investmalysia > Oct 30, 2020 9:49 AM | Report Abuse

Indeed gens will be good. But genm and other casinos still in trouble.


sean1985
243 posts

Posted by sean1985 > Oct 30, 2020 9:50 AM | Report Abuse

open border open border later afternoon drop until 2.90 again. PUI


neohts
793 posts

Posted by neohts > Oct 30, 2020 10:11 AM | Report Abuse

https://www.thestar.com.my/aseanplus/aseanplus-news/2020/10/29/singapore-to-allow-travellers-from-china-australia039s-victoria-from-nov-6

SINGAPORE (The Straits Times/ANN): All travellers from China and the state of Victoria in Australia will be able to enter Singapore and not be quarantined from next Friday (Nov 6), if they pass a Covid-19 test on arrival.

Singapore’s move to unilaterally open its borders to these two places means tourists and travellers flying in can go about their business without serving a stay-home notice if their PCR (polymerase chain reaction) test is negative.

The same applies to Singapore citizens, permanent residents and long-term pass holders returning from these two areas.


Goldgent
716 posts

Posted by Goldgent > Oct 30, 2020 10:49 AM | Report Abuse

Singapore to lift border restrictions for visitors from mainland China and Australia's Victoria state
https://www.theedgesingapore.com/news/covid-19/singapore-lift-border-restrictions-visitors-mainland-china-and-australias-victoria


neohts
793 posts

Posted by neohts > Oct 30, 2020 11:21 AM | Report Abuse

It's a very good news for Genting Santosa and Universal Studio. All the best.

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