BREAKING NEWS

Pfizer says it can deliver 10pct more Covid vaccines by end of May
By AFP - April 14, 2021 @ 9:03am

NEW YORK: Pfizer has "ramped up production" of its Covid-19 vaccine and can deliver 10 percent more doses than expected to the United States by the end of May, its CEO Albert Bourla said on Tuesday.

That would bring its delivery by the end of next month to 220 million doses, and Bourla said on Twitter the pharmaceutical giant can also "supply the full 300 million agreed on for the end of July two weeks early."

The news comes after US health authorities earlier in the day called for a pause on the use of Johnson & Johnson's Covid-19 vaccine, after six women between age 18 and 48 developed a rare type of blood clot that left one dead and another in critical condition.

The White House said it was confident there would be no "significant impact" on the vaccination plan in the world's hardest-hit country, where almost half of all adults have now received at least one dose.

Jeff Zients, President Joe Biden's Covid-19 response coordinator, said that a huge surplus in the supply of two other vaccines – Pfizer and Moderna – meant the country could easily take up the slack.

Biden has promised doses would be available for all adults in the country by the end of May, and in addition to the doses of the Pfizer vaccine developed with German firm BioNTech, Washington has also ordered 300 million doses of Moderna's jab.

The United States had ordered 100 million doses from Johnson & Johnson.--AFP

https://www.nst.com.my/world/world/2021/04/682139/pfizer-says-it-can-deliver-10pct-more-covid-vaccines-end-may

BIMCO: Containership Orders Reach High with Focus on ULCS

BY THE MARITIME EXECUTIVE | 7 April 2021 08:04:38

Construction orders for new containerships are at a high, setting new records in March and highlighting the confidence of the shipping industry. The industry trade group BIMCO is highlighting the order book as its “number of the week.”

BIMCO reports that in March, orders for 45 Ultra-large containerships (15,000 and above TEU capacity) were placed, breaking a record. In addition, they report that an additional 27 orders for smaller sized ships were placed in the same month, bringing the total to 866,060 TEU on order worldwide. BIMCO’s Chief Shipping Analyst Peter Sand believes this indicates a turnaround for the container shipping sector.

The turnaround for the container shipping sector offers a glimpse of the level of confidence currently seen in the business on behalf of owners as well as investors says BIMCO. For all of 2020, a total of 995,000 TEU of container shipping capacity was ordered. Capacity ordered in the first quarter of 2021 has already reached 1,398,000 TEU, a six-year-high compared to previous full years.

“The industry is keen on benefitting from the economies of scale that ultra-large containerships have to offer if you carry payloads close to its cargo carrying capacity,” says Sand.

Full article: https://www.maritime-executive.com/article/bimco-containership-orders-reach-high-with-focus-on-ulcs


More ships (or cars or planes) = more traffic for ports (or petrol stations or airports)

The orders confirms the increase and upcycle in global trade

FGV does not actually 'own' the lands

And you should not use the word intrinsic value when you obviously know nothing of what it means

Cover Story: Questions over FELDA’s plans for FGV
Jose Barrock | The Edge Malaysia
December 24, 2020 14:00 pm +08

"For instance, FGV, via a land lease agreement (LLA) with FELDA, controls and operates 350,733ha of plantations owned by FELDA, for a 99-year tenure starting from Nov 1, 2011. FGV on its own has 88,497ha of plantation land and 68 palm oil mills, parked under FGV Palm Industries Sdn Bhd."

Full article: https://www.theedgemarkets.com/article/cover-story-questions-over-feldas-plans-fgv

We have turned positive on the long-term prospects of GenM as we believe that GenM is expected to see an exponential YoY profit growth in FY22. However, we believe that FY21 performance will be weaker than expected as the inter-state travel ban for populous states like the Klang Valley, Johor and Penang are still in place. However, we believe that investors would start to look beyond FY21 due to the timeline of vaccine rollouts and lower trend of Covid-19 cases. We opine that SkyWorlds theme park would also be a catalyst for GenM’s recovery in FY22 . Hence we roll forward our SOP valuations from FY21 to FY22, upgrading our HOLD call to a BUY call at TP of RM3.55.

Source: Hong Leong Investment Bank Research - 14 Apr 2021

https://cdn1.i3investor.com/my/files/dfgs88n/2021/04/14/1536400536--242436800.pdf

We have turned positive on the long-term prospects of GenM as we believe that GenM is expected to see an exponential YoY profit growth in FY22. However, we believe that FY21 performance will be weaker than expected as the inter-state travel ban for populous states like the Klang Valley, Johor and Penang are still in place. However, we believe that investors would start to look beyond FY21 due to the timeline of vaccine rollouts and lower trend of Covid-19 cases. We opine that SkyWorlds theme park would also be a catalyst for GenM’s recovery in FY22 . Hence we roll forward our SOP valuations from FY21 to FY22, upgrading our HOLD call to a BUY call at TP of RM3.55.

Weathering through FY21. We believe that FY21 will continue to be very challenging for GenM as inter-state travel is still banned. We now expect the inter-state travel ban to be in place for 1 more month and this would imply a footfall of less than 15% for a total of 4 months for RWG since the inception of MCO2.0.

V shaped recovery is expected in FY22. We expect a significant YoY recovery for GenM in FY22 due to the timeline of vaccine rollouts and we are confident that Malaysia will achieve some form of normalcy in FY22. We believe that the public’s willingness to travel would be positively correlated with the vaccination rates in the country.

SkyWorlds theme park to boost footfall into RWG. SkyWorlds, which is slated to open by 1H21, features 9 movie and adventure inspired worlds that will include 26 rides and attractions with more to come in the future. Skyworlds currently owns the IPs (Intellectual Properties) for Rio and Ice Age and are planning on complementing existing IPs with homegrown IPs. The Company plans to introduce other IPs to the park as well in the future. Recall that GenM has reached a settlement with 20th Century Fox and Walt Disney in 2019 in relation to the development of its theme park, which was supposed to be named 20th Century Fox World. The settlement has allowed GenM a license to use certain Fox IPs. We believe that the main beneficiary from its SkyWorld theme park would be its casinos and occupancy rates for its hotels as families would frequent RWG more since it would be a place of attraction for both adults and kids.

Forecast. We downgrade FY21 earnings from RM669m to a loss of -RM74.2m due to the longer than expected inter-state travel ban while leaving our FY22 earnings assumption unchanged.

Upgrade to BUY at TP of RM3.55. We have upgraded our SOP-derived TP to RM3.55 (from RM2.67) despite our downgrade in FY21 earnings as we roll forward our valuation to FY22. We believe that investors would start to look ahead with plenty of positives in the pipeline like the (i) lifting of inter-state travel ban (ii) higher vaccination rate and lower fears of Covid-19 infections and (iii) opening of Skyworlds theme park.

Source: Hong Leong Investment Bank Research - 14 Apr 2021

https://cdn1.i3investor.com/my/files/dfgs88n/2021/04/14/1536400536--242436800.pdf

Singapore port readies for Suez Canal backlog

Singapore, the world’s largest container transhipment port, is readying itself for a backlog of ships and cargoes from the closure of the Suez Canal in late March.

Marcus Hand | Apr 12, 2021

While ships bound from Asia to Europe stranded by the blockage of the Suez Canal from 23 – 29 March started to reach container ports in the Med last week, the longer distance to Asia means that vessels bound from Europe and US stuck on the North side of the canal are yet to reach Asian ports.

“More recently the Suez Canal blockage cast the spotlight on the critical role shipping plays in keeping the global supply chain in motion,” Maritime & Port Authority of Singapore chief executive Quah Ley Hoon told a media briefing on Monday morning.

A surge in traffic is expected at Singapore’s port as the ships held up at the canal arrive from Europe and the US.

“So, the Port of Singapore is readying ourselves as a catch-up port to handle anticipated shipping backlog, our terminal operators are preparing more berths, equipment and operators to increase the handling capacity,” Quah said.

In particular terminal operator PSA is working with shipping lines on the backlog and the schedules of their vessels.

“PSA have for example made available their digital platform Calista to try and allow ships to have a better sense of the services and berth availability in Singapore,” she explained.

At present the vessels that were stuck at the canal are still sailing to Singapore and how long it will take to clear the backlog will depend on schedules.

Copyright © 2021. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.

https://www.seatrade-maritime.com/ports-logistics/singapore-port-readies-suez-canal-backlog

Wonder which catalyst (existing or another new) one is coming...ha ha ha

Looking at mortality rates, I believe the UK's decision to vaccinate as many people (especially the most at risk) with a 1st dose while delaying the 2nd was the right choice. compared to Israel

Looks like Genting shareholders can't wait to get the dividends to reinvest am I right ha ha ha

Consolidating until the next (multiple) upcoming catalysts in 2Q21...till then just relax...UK and US are guaranteed, SG and border reopenings and intl (China) arrival is guaranteed, MY with vaccinations is coming, just a matter of time

UMNO grassroots says they won't work with Bersatu la.

Malaysia's politics is more fractured than ever, there are many more partie, with two equal sides, PAS can be kingmaker, so fractured means to form a grand coalition will require more parties, none of which will accept PAS' agendas (the Sabah and Sarawak true kingmakers will never accept it)

Post removed.Why?

7 Apr 21 cases 1139
Steady...it's in a consolidation until the next few catalysts in 2Q21

In AGM tell Kok Thay to have primary listing in US or HK...price to book ratio = 3 inline with similar casino co's means Genting RM25

Malaysias stock market seems to move inverse of other markets ha ha ha

Did you know Bill Gates foundation has a stake in BioNTech (and other mRNA co's) long before the outbreak of the pandemic, and which was, since it's inception, a loss-making company...and look where it is now with it's groundbreaking mRNA technology and it's market cap...the world would have had one less literally life-saving, game changing vaccine if he was short sighted and worried because of some loss in the next quarter... you see, when you aim for the stars, the small losses never matter


Markets always look past the losses to the future, and to better and best days


GENTING TO THE SKIES AMD BEYOND

Mankind will always prevail

Nice closing for the week

Uptrend is intact and unstoppable

Genting (3182) welcomes all to the numbawan top pick sure win Value (NTA 8.56) and Recovery and Growth stock in 2021 the Year of the Golden Ox

US markets are closed. Also it's a Friday so profit taking. Next week fly

Got new variants that somehow manage to escape..? Moderna and Pfizer-BionTech are done designing the vaccine after 2 days (eg Moderna mRNa-1273) and with Manufacturing already scaled to these levels, it will be cleared in no time

GENTING TO THE SKIES AND BEYOND

Once the market sees major countries (Israel and UK are pretty much clear) back to normalcy, increase in cases won't deter investors from Recovery stocks anymore. This time they can see for themselves the end of the pandemic

1/4/21 cases 1178

INI KARILAHHHHH

FOMO coming soon

Wait Kok Thay open CU CME CTHEM and all famous convenience stores in GENTING along with Blackpink...double limit up not impossible...ha ha ha ha ha

The sky is just the beginning...

TO THE STARS !!!

RWLV RM1.5-2 per share
Celularity RM0.17-0.18 (10% holding only)
Skyworlds RM 0.5-1 per share

RM5 RM 2 = RM7 short term

INI KARILAHHH

Mandatory foreign worker screening deadline has passed. Expect backlogged cases to clear this week

NEXT WEEK FLY TO THE MOON

HOOT9E !!!

Mynews open 1st CU outlet also up double digit...Genting launches Skyworlds...limit up 15% is not enough...the world is not enough ha ha ha ha ha

GENTING TO THE SKIES AND BEYOND

Lockdown in France and Europe is a net positive for Las Vegas and UK. It prevents tourists from visiting the City of Lights...and instead to Sin City, while at the same time preventing Americans from travelling out

INI KARILAHHH

Celularity RWLV Skyworlds coming

HOOT9E !!!!!

31/3/21 cases 1482 (BWN 584 2)
Selangor 661
P Pinang 200
31 Mar is the deadline for mandatory foreign worker testing


And tomorrow is a new month


Hoot9e !!!

KLCI down 2.2%. Genting down 1.9%

Old timer Hong Piow and Vincent Tan show power already...Kok Thay say wait his turn show hand ha ha ha

Pfizer-BioNTech from 1.3bil to 2bil to 2.5bil doses in 2021. All higher and faster than expected

BREAKING

BioNTech-Pfizer raise 2021 vaccine output goal to 2.5 billion doses
MARCH 30, 20217:01 PM UPDATED 14 HOURS AGO

FRANKFURT (Reuters) -BioNTech and Pfizer will boost manufacturing capacity of their COVID-19 vaccine to 2.5 billion doses by the end of 2021, BioNTech said on Tuesday, as it projected sales of nearly 10 billion euros ($11.7 billion) from the product this year.

Pfizer previously said the partners would likely produce between 2.3 billion and 2.4 billion doses in 2021.

BioNTech cited its new facility in the German city of Marburg and an expansion of the pair’s network of third-party manufacturers and suppliers as drivers of the larger volumes.

“Additional measures and discussions with potential partners to further expand the manufacturing capacity and network are ongoing,” it said.

As of last week more than 200 million doses of the product, known as BNT162b2 or Comirnaty, had been supplied to more than 65 countries, while signed orders for delivery in 2021 currently amount to 1.4 billion doses, said BioNTech.

But the boost in output reflected increased demand and “discussions for additional dose commitments are ongoing”, it added.

Efforts to ramp up production at its Marburg facility, where it launched production in February after purchasing the site from Novartis last year, were making “remarkable progress”, said chief executive and co-founder Ugur Sahin.

The EU’s drugs regulator last week granted BioNTech approval for the use of COVID-19 vaccines produced at the facility, which has projected annual output of 1 billion doses.

Based on this order backlog, BioNTech said it expects 9.8 billion euros in revenues from the product this year, reflecting direct sales, sales to collaboration partners, milestone payments from partners and a share of gross profit in the partners’ territories.

That compares to sales of 270.5 million euros made from Comirnaty last year by the company, which since its 2008 inception has primarily worked on cancer treatments, and with 482.3 million in group sales last year.

The group also said 2020 net income came in at 15.2 million euros, versus a loss of 179 million a year earlier.

Efforts to ramp up production at its Marburg facility, where it launched production in February after purchasing the site from Novartis last year, were making “remarkable progress”, said chief executive and co-founder Ugur Sahin.

The EU’s drugs regulator last week granted BioNTech approval for the use of COVID-19 vaccines produced at the facility, which has projected annual output of 1 billion doses.

Based on this order backlog, BioNTech said it expects 9.8 billion euros in revenues from the product this year, reflecting direct sales, sales to collaboration partners, milestone payments from partners and a share of gross profit in the partners’ territories.

That compares to sales of 270.5 million euros made from Comirnaty last year by the company, which since its 2008 inception has primarily worked on cancer treatments, and with 482.3 million in group sales last year.

The group also said 2020 net income came in at 15.2 million euros, versus a loss of 179 million a year earlier.

https://www.reuters.com/article/us-health-coronavirus-biontech-target/biontech-pfizer-raise-2021-vaccine-output-goal-to-2-5-billion-doses-idUSKBN2BM1BW

HOLD THE LINE

DIAMOND HANDS

BILIS TOGETHER STRONG

DONT TANK THE INDEX

GENTING IS WITH YOU

US to start seizing Top Glove products at all its ports
March 29, 2021 11:47 PM


PETALING JAYA: The US Customs and Border Protection (CBP) has directed personnel at all US ports of entry to begin seizing disposable gloves produced by Top Glove Corporation Bhd.
The CBP action comes after a statement earlier that it has found “sufficient information” to believe that the glove manufacturer uses forced labour in the production of disposable gloves in Malaysia.
https://www.freemalaysiatoday.com/category/nation/2021/03/29/us-to-start-seizing-top-glove-products-at-all-its-ports/

Aiyo shareinvestor88 don't spread fake news la...UK where got lockdown...have u actually seen the cases, and most importantly deaths ornnot hahah

Also as has. even mentioned repeatedly the wave has got no bearing on Genting as SG, MY, UK, US (and China wrt to tourists) are seeing cases and deaths dropping, or have the pandemic contained, AND are also seeing vaccinations accelerate faster than expected

Years of downtrend will be replaced with years of uptrend

GENTING TO THE SKIES AND BEYOND

29/3/21 cases +941 (unoffiial)
Selangor +219
Johor +171
P Pinang + 164

INI KARILAHHH

The institutional and longer-term fund managers know this, it is a certainty, and so looking at 6-12 months and longer ahead, it becomes crystal clear which is the best stock

Increase in cases and escape variants (if there are any), will all be resolved as the mRNA technology is well-suited against the coronavirus and so, with recevory stocks it is just a matter of time, and time is always on your side

28 Mar 21 cases 1302
Sarawak 426
Selangor 256
Penang 212
Johor 176

For insti funds (especially local/domestic) with an underlying benchmark of 10-15% and holding period of more than a year, Genting is a no brained investment

CGSCIMB fund flows week 15-19 March 2021 local insti Top Buys at no. 2 is Genting Berhad...note: local insti have been nett sellers of equities for weeks...

The world understands that the end of the pandemic is inevitable. Mankind has won

And with Recovery stocks, time is always on your side

GENTING TO THE SKIES AND BEYOND

Post removed.Why?

Caesars Entertainment Inc
86.94 USD +4.04 (+4.87%)
Closed: 25 Mar, 6:02 pm GMT-4 ·Disclaimer

Las Vegas Sands Corp.
60.72 USD +1.57 (+2.65%)
Closed: 25 Mar, 7:10 pm GMT-4 ·Disclaimer

MGM Resorts International
37.96 USD +1.07 (+2.90%)
Closed: 25 Mar, 7:32 pm GMT-4 ·Disclaimer

Genting remains the numbawan top pick sure win Recovery and Value (NTA: RM 8.56) and Growth stock of 2021 the Year of the Golden Ox

BUY THE DIP HOOT9E !!!