Followers
0
Following
0
Blog Posts
0
Threads
1,348
Blogs
Threads
Portfolio
Follower
Following
2020-11-28 09:50 | Report Abuse
IAG: Genting Malaysia recovery seen slowing down as latest virus wave sees Resorts World Genting visitation subdued
https://www.asgam.com/index.php/2020/11/27/genting-malaysia-recovery-seen-slowing-down-as-latest-virus-wave-sees-resorts-world-genting-visitation-subdued/
2020-11-28 08:37 | Report Abuse
The Star: Top Glove Corp Bhd’s aggressive share buybacks over the last few months is surely one for Malaysia’s corporate history books. Since September, the world’s largest medical glove maker has spent close to RM1.14bil to buy back its own shares from the market, indulging in the exercise almost everyday in the last two weeks. True, share buybacks are a perfectly legal way of rewarding shareholders. They are described as a way to return capital to shareholders. Even Apple and Berkshire Hathaway continue to aggressively buy back their shares. Companies with excess cash have other options though – return cash directly to shareholders in the form of cash dividends or reinvest the money into the business or even acquire a new business.
Top Glove must be convinced that the best way to spend that RM1bil or so is to buy back its stock and not, say, pay out its cash in dividends. The stock only enjoys a dividend yield of under 2%. But despite the aggressive buybacks, the stock is down 16% this month, losing over RM10bil in its market capitalisation. Hence, one wonder what Top Glove’s share price would be if not for the buy backs? So what comes next? Top Glove will have to account for these big buyback spend come its financial close. Accounting standards will require the company to mark to market the stock it is holding in its treasury following the buybacks. If the cost of that holding is lower than the market price of Top Glove’s shares at the accounting cut-off date, then the company would have to account for this, taking a hit to its profits. And if the overall profit number does come in lower due to, say, reduced average selling prices of rubber gloves, then the hit to the bottom line could be significant.
2020-11-27 21:31 | Report Abuse
The Sun Daily: CIMB sees 80.8% drop in Q3 net profit
https://www.thesundaily.my/business/cimb-sees-808-drop-in-q3-net-profit-FF5351160
2020-11-27 21:28 | Report Abuse
The Edge: CIMB records lower net profit of RM194m in 3Q
https://www.theedgemarkets.com/article/cimb-records-lower-net-profit-rm194m-3q
2020-11-27 19:33 | Report Abuse
The Star: CIMB's 3Q pre-tax profit improves sequentially on higher operating income
https://www.thestar.com.my/business/business-news/2020/11/27/cimb039s-3q-pre-tax-profit-improves-sequentially-on-higher-operating-income
2020-11-27 16:19 | Report Abuse
GGRAsia: Genting Malaysia narrows loss 22pct sequentially in 3Q
https://www.ggrasia.com/genting-malaysia-narrows-loss-22pct-sequentially-in-3q/
2020-11-27 14:10 | Report Abuse
The Edge: Genting Malaysia falls after reporting 3Q net loss
https://www.theedgemarkets.com/article/genting-malaysia-falls-after-reporting-3q-net-loss
2020-11-27 12:00 | Report Abuse
The Star: Genting group sees strong improvement in Q3 on business resumption
https://www.thestar.com.my/business/business-news/2020/11/27/genting-group-sees-strong-improvement-in-q3-on-business-resumption
2020-11-27 11:52 | Report Abuse
The Star: Genting Malaysia price rebound unlikely to continue in 4Q
https://www.thestar.com.my/business/business-news/2020/11/27/genting-malaysia-price-rebound-unlikely-to-continue-in-4q
2020-11-26 21:18 | Report Abuse
2020-11-26 20:51 | Report Abuse
The Edge: Genting Malaysia’s 3Q net loss narrows q-o-q as operations resume
https://www.theedgemarkets.com/article/genting-malaysias-3q-net-loss-narrows-qoq-operations-resume
2020-11-26 19:16 | Report Abuse
Fitch: Casino sector outlook brighter for 2021
Fitch Ratings expects casino revenues in Malaysia – where Genting Malaysia Bhd runs the country’s only licensed gaming complex, Resorts World Genting, near the capital Kuala Lumpur – to recover “gradually” to 75 percent of 2019 levels in 2021, “aided by new attractions” – understood to be a reference to a long-awaited new outdoor theme park – and the country’s “larger and domestic-focused market” relative to neighbouring Singapore.
Fitch Ratings expects Singapore’s 2021 gaming revenues to reach “only 45 percent” of 2019’s levels. The ratings house further noted: “We also expect this to slow the pace of the two operators’ [aggregate] SGD9 billion [US$6.7 billion] redevelopment” pledge to the Singapore government. “Risks to the recovery in both countries stem from recurring waves of infection and the reimposition of movement restrictions,” added the credit rating agency.
http://www.ggrasia.com/apac-casino-sector-outlook-brighter-for-2021-fitch/
2020-11-26 19:11 | Report Abuse
Fitch: Casino sector outlook brighter for 2021
Fitch Ratings expects casino revenues in Malaysia – where Genting Malaysia Bhd runs the country’s only licensed gaming complex, Resorts World Genting, near the capital Kuala Lumpur – to recover “gradually” to 75 percent of 2019 levels in 2021, “aided by new attractions” – understood to be a reference to a long-awaited new outdoor theme park – and the country’s “larger and domestic-focused market” relative to neighbouring Singapore.
2020-11-26 14:01 | Report Abuse
Genting management very open wan lah.
Can even get the Covid-19 notice from RWG website as well.
https://www.rwgenting.com/notice-covid-19/
2020-11-26 13:41 | Report Abuse
GenP thin trading volume, so the share price always stable.
Generally, GenP earning lift is good for Genting mother share.
Sinchew: 云顶种植棕油价量齐升 第三季多赚242%
https://www.sinchew.com.my/content/content_2383081.html
2020-11-26 07:27 | Report Abuse
The Star: Oil price rallies past 8-mth high on US crude inventory draw, vaccine hopes
https://www.thestar.com.my/business/business-news/2020/11/26/oil-price-rallies-past-8-mth-high-on-us-crude-inventory-draw-vaccine-hopes
2020-11-26 07:26 | Report Abuse
The Star: Oil price rallies past 8-mth high on US crude inventory draw, vaccine hopes
https://www.thestar.com.my/business/business-news/2020/11/26/oil-price-rallies-past-8-mth-high-on-us-crude-inventory-draw-vaccine-hopes
2020-11-26 07:22 | Report Abuse
The Star: O&G sector gets a shot in the arm
https://www.thestar.com.my/business/business-news/2020/11/26/og-sector-gets-a-shot-in-the-arm
2020-11-26 07:21 | Report Abuse
The Star: O&G sector gets a shot in the arm
https://www.thestar.com.my/business/business-news/2020/11/26/og-sector-gets-a-shot-in-the-arm
2020-11-25 17:29 | Report Abuse
Congratulations to all.
Genting Plantations QR (Q-Q +171.15%, Y-Y +241.80%)
2020-11-25 11:27 | Report Abuse
Loaded more......AirAsia share price is a very good indicator on the direction of the recovery stock.
2020-11-25 08:27 | Report Abuse
Labour minister:
“We are not merely sending a team to check on the conditions at Top Glove. It will be the entire Labour Department. We will complete everything within a week and will put everything in black and white. This is a matter of life and death of vulnerable workers, which must be contained now itself – no two ways about it”.
“Top Glove must adhere to NSC instructions and close down its factories in stages. We have started investigations and will spare no one if they were found to have flouted labour laws".
“I have visited the hostels and the conditions are terrible. My officers were ordered to go in full force as this is a big, vulnerable migrant workers colony. If we don’t act, this cluster might get out of control. The Labour Department will ensure the employers are held responsible for worker conditions and dire action will be taken according to the law”.
2020-11-25 01:05 | Report Abuse
Resorts World Las Vegas just get the timing right.
The US$4.3 billion integrated resort will take a starring role in Las Vegas post-coronavirus grand re-opening as the leading new attraction of the 2021 US summer vacation season.
2020-11-25 00:41 | Report Abuse
Dow Jones Industrial Average Hits 30000 for the First Time.
2020-11-24 17:33 | Report Abuse
Minor correction due to local sentiments.
Buy on weakness.
2020-11-24 11:48 | Report Abuse
Investors continue to switch to Covid-19 recovery theme plays
https://www.theedgemarkets.com/article/cgscimb-investors-continue-switch-covid19-recovery-theme-plays
2020-11-24 07:34 | Report Abuse
Oil prices settle up over 2% on COVID-19 vaccine news
https://www.thestar.com.my/business/business-news/2020/11/24/oil-prices-settle-up-over-2-on-covid-19-vaccine-news
2020-11-23 21:34 | Report Abuse
Dayang returns to the black in 3Q after 2Q loss
https://www.theedgemarkets.com/article/dayang-returns-black-3q-after-2q-loss
2020-11-23 21:19 | Report Abuse
Today (Nov 23) is FBM KLCI constituents next 6 months decisive day.
At today close, Mr DIY is at position 32.
So it only managed to be included into KLCI reserve list.
2020-11-23 19:52 | Report Abuse
Serba Dinamik 3Q profit up 31% on stronger earnings from O&M segment, declares 1.35 sen dividend
https://www.theedgemarkets.com/article/serba-dinamik-3q-profit-31-stronger-earnings-om-segment-declares-135-sen-dividend
2020-11-23 14:46 | Report Abuse
Excerpt from an article in The Edge
This week will be the last full week for third quarter corporate earnings announcements. Five of the KLCI constituents will be releasing their 3Q results: Axiata Group Bhd, Telekom Malaysia Bhd, Tenaga Nasional Bhd, Genting Malaysia Bhd and Genting Bhd.
GenM’s and Genting’s results bear watching. Last week, Genting’s 56.66%-owned Singapore casino operator, which operates Resorts World Sentosa, returned to the black with earnings of nearly S$54.5 million (RM166 million) for 3Q, against losses of S$163.3 million in the preceding quarter ended June 30, as lockdown measures eased.
Investors will be looking to see if there is similar improvement in GenM’s earnings as the casino operator reopened in compliance with standard operating procedures after the Movement Control Order period in the second quarter.
2020-11-23 14:45 | Report Abuse
Excerpt from an article in The Edge
This week will be the last full week for third quarter corporate earnings announcements. Five of the KLCI constituents will be releasing their 3Q results: Axiata Group Bhd, Telekom Malaysia Bhd, Tenaga Nasional Bhd, Genting Malaysia Bhd and Genting Bhd.
GenM’s and Genting’s results bear watching. Last week, Genting’s 56.66%-owned Singapore casino operator, which operates Resorts World Sentosa, returned to the black with earnings of nearly S$54.5 million (RM166 million) for 3Q, against losses of S$163.3 million in the preceding quarter ended June 30, as lockdown measures eased.
Investors will be looking to see if there is similar improvement in GenM’s earnings as the casino operator reopened in compliance with standard operating procedures after the Movement Control Order period in the second quarter.
2020-11-23 12:04 | Report Abuse
Sinchew: 最快下月11日! 美国将开始接种冠病疫苗
https://www.sinchew.com.my/content/content_2381217.html
Nanyang: 美冠病疫苗即将审批 最快下月11日接种
https://www.enanyang.my/%E5%85%A8%E7%90%83%E5%A4%A7%E6%8A%97%E7%96%AB/%E7%BE%8E%E5%86%A0%E7%97%85%E7%96%AB%E8%8B%97%E5%8D%B3%E5%B0%86%E5%AE%A1%E6%89%B9%C2%A0%E6%9C%80%E5%BF%AB%E4%B8%8B%E6%9C%8811%E6%97%A5%E6%8E%A5%E7%A7%8D
Chinapress: 批准后24小时内运送-美望12月11日接种
https://www.chinapress.com.my/20201123/%e2%97%a4%e5%85%a8%e7%90%83%e5%a4%a7%e6%b5%81%e8%a1%8c%e2%97%a2-%e6%89%b9%e5%87%86%e5%90%8e24%e5%b0%8f%e6%97%b6%e5%86%85%e8%bf%90%e9%80%81-%e7%be%8e%e6%9c%9b12%e6%9c%8811%e6%97%a5%e6%8e%a5%e7%a7%8d/
Oriental Daily: 美国官员预估12月 2000万人可接种疫苗
https://www.orientaldaily.com.my/news/international/2020/11/23/376903
2020-11-23 09:50 | Report Abuse
GREEN, GREEN, GREEN.
2020-11-23 05:25 | Report Abuse
New Straits Times: US expects to begin Covid vaccinations in early December
https://www.nst.com.my/world/world/2020/11/643410/us-expects-begin-covid-vaccinations-early-december
2020-11-23 05:23 | Report Abuse
New Straits Times: US expects to begin Covid vaccinations in early December
https://www.nst.com.my/world/world/2020/11/643410/us-expects-begin-covid-vaccinations-early-december
2020-11-22 20:50 | Report Abuse
Teratai cluster linked to Top Glove dormitories records almost 1,500 Covid-19 cases — MoH
https://www.theedgemarkets.com/article/teratai-cluster-linked-top-glove-dormitories-records-almost-1500-covid19-cases-%E2%80%94-moh
2020-11-21 22:58 | Report Abuse
Haha...Ocean Eleven...11 candidate vaccines under Phase 3
1) Pfizer/BioNTech/Fosun Pharma (US/Germany/China)
2) Moderna/NIAID (US)
3) Novavax (US)
4) AstraZeneca/University of Oxford (UK/Sweden)
5) Janssen Pharmaceutical Companies aka Johnson & Johnson (Belgium)
6) Sinovac (China)
7) CanSino Biological Inc./Beijing Institute of Biotechnology (China)
8) Sinopharm/Wuhan Institute of Biological Products (China)
9) Sinopharm/Beijing Institute of Biological Products (China)
10) Gamaleya Research Institute (Russia)
11) Bharat Biotech (India)
2020-11-21 22:03 | Report Abuse
mita29 read a lot. Chun-chun on his prediction of COVID eradicated by next year.
According to US 'Operation Warp Speed, US administration effort to turbocharge development of a vaccine. US expects a coronavirus vaccine to be available for the entire US population as soon as April 2021.
2020-11-21 21:07 | Report Abuse
Wah, probability came back supporting SerbaDK.
OK...must add more next week.
2020-11-21 00:29 | Report Abuse
Encouraging news
a) Lifting of CMCO in 4 states — Melaka, Terengganu, Kedah (except Kulim), Johor (except Kota Tinggi & Mersing).
b) Cross-district/state travel between green zones allowed beginning 22 Nov. Cross-district/state movement from a green state to a green district in a red state, is also allowed with police permission.
2020-11-20 13:42 | Report Abuse
Covax deal to be signed
https://www.thestar.com.my/news/nation/2020/11/20/covax-deal-to-be-signed
2020-11-20 07:58 | Report Abuse
Upgrades on Genting Singapore following unexpected 3Q outperformance
https://www.theedgesingapore.com/capital/brokers-calls/960-brokers-digest
2020-11-19 13:30 | Report Abuse
My view on Genting Singapore
Gens has returned to profitability despite the Covid lockdowns & travel restrictions. It's beyond Genting shareholders most optimistic imagination. And the coming Oct-Dec quarter will be more better with
a) S'pore year end school holidays.
b) opening of S'pore border to China visitors from Nov 6 and onwards
c) S'pore-Hong Kong air travel bubble flight from Nov 22 and onwards.
2020-11-19 13:24 | Report Abuse
CIMB share direction will decide by institution & foreign funds.
Just board the boat & enjoy the rise....
2020-11-19 13:04 | Report Abuse
No worry, boss will raise RM13.5 million soon.
For sale: Tony Fernandes’ Scottish mansion
https://www.thestar.com.my/news/nation/2020/11/19/for-sale-tony-fernandes-scottish-mansion-at-rm135mil
2020-11-18 17:38 | Report Abuse
Malaysia and China sign pact over Covid-19 vaccine
https://www.thestar.com.my/news/nation/2020/11/18/malaysia-and-china-sign-pact-over-covid-19-vaccine
Stock: [GENTING]: GENTING BHD
2020-11-28 22:50 | Report Abuse
@InvisibleHand...Beware of S'pore sifu in CMSB, too speculative.