Dow climbs 199 points in late-day rebound led by stocks benefiting from reopening
UPDATED THU, MAR 25 20214:19 PM EDT

The S&P 500 closed 0.5% higher at 3,909.52, wiping out a 0.9% intraday loss. The Dow Jones Industrial Average gained 199.42 points, or 0.6%, to 32,619.48 after losing as much as 348 points. The Nasdaq Composite also eked out a 0.1% gain to close at 12,977.68 as some major technology stocks reserved losses. Tesla rose 1.6%, while Apple closed in the green.

Stocks that are tied to a successful economic reopening such as airlines and cruise line operators led the intraday rebound. American Airlines and United gained more than 4% each, while Norwegian Cruise Line and Carnival both rose over 2%. Boeing climbed 3.3%.

https://www.cnbc.com/2021/03/24/stock-market-open-to-close-news.html

What a comeback by the Dow. Recovery stocks will lead the world's markets

Overall market seems to be consolidating. Casino de Genting will be back soon ha ha ha

BREAKING
Economic Frontliners, General Public Getting Covid-19 Vaccines Early: Khairy

https://twitter.com/codebluenews/status/1374905936221855752?s=20

Day day up...after 31 March when foreign worker screening is completed cases drop below 1000 the sky is the limit ha ha ha

Dow and crude oil is up. Regular programming resumes

Israel cases
20 Jan 2021: 10,213 (peak)
23 Mar 21: 925
Vaccinations (at least 1st dose) : *60% (23 Mar 21)
* https://ourworldindata.org/grapher/share-people-vaccinated-covid?time=latest

UK Covid-19 cases
8 Jan 21: 68,053 (peak)
23 Mar 21: 5,379

UK Covid-19 deaths
20 Jan 21: 1,823 (peak)
23 Mar 21: 112

Vaccinations (at least 1st dose): **53.8% (22 Mar 21)
** https://coronavirus.data.gov.uk/details/vaccinations#card-vaccination_uptake_by_report_date

Vaccines don't work? Variants are more contagious and deadly and are 'escape' mutants rendering vaccines useless? Alas, the figures show an entirely different picture. Numbers don't lie. The coronavirus is no match for the vaccines

Europe third wave? US started their vaccinations on 14 Dec 20 and are expected to achieve 75% coverage by Aug 21 ie 8+ months and faster than anyone ever expected. Any subsequent wave or variants (which requires only 1 booster shot with proven safety and efficacy and thus approvals fast tracked, manufacturing, logistics etc all already in place) will just as quickly be resolved

GENTING TO THE SKIES AND BEYOND

Not bad shareinvestor88 I see your TP now is RM4 ha ha ha...got improvement...keep it up dont give up...the longer you wait the higher the target

24/3/21 cases +1268

Once mandatory foreign worker screening is completed (finally) cases can be expected to drop quite significantly

Nearly 1.5 million foreign workers in Malaysia screened for Covid-19 ahead of March 31 deadline
PUBLISHED MAR 22, 2021, 8:15 AM SGT

PETALING JAYA (THE STAR/ASIA NEWS NETWORK) - With the March 31 deadline nearing, most documented foreign workers in four major economic sectors in Malaysia have been screened for Covid-19, said the Human Resources Minister.

Adding to the soothing news, Datuk Seri M. Saravanan said there was also increasing compliance among the industry players to provide housing for their workers.

So far, nearly 1.5 million foreign workers had been screened with the bulk of them - totalling 1.2 million - being in the manufacturing, construction, plantation and agricultural sectors nationwide, he said.

"The manufacturing, construction, plantation and agricultural sectors contributed to some of the biggest clusters, " he said when contacted on Sunday (March 21).

The ministry had given employers an extension until March 31 to complete the Covid-19 screening on their foreign workers.

Previously, they had until Feb 28 to screen their foreign workers, with a warning that failure to do so could result in their workers' passes not being renewed.

Initially, the ministry limited the Covid-19 screening programme on foreign workers to six states under the red zone category but the government decided to extend it to all states following the effectiveness in curbing the pandemic.

From Feb 1, the government made it mandatory for all foreign workers to be screened for Covid-19 after the emergence of large clusters of infected foreign workers, mainly attributed to poor living conditions.

Full article: https://www.straitstimes.com/asia/se-asia/nearly-15-million-foreign-workers-in-malaysia-had-been-screened-for-covid-19


Comments: Foreign worker screening completed by 31 March (extended from 28 Feb)

On 25/1/21, share price tested MA200 and got rejected
On 19/2/21, share price tested MA50 (twice) and got rejected
On 24/3/21, share price tested MA20 and got rejected

Genting's uptrend is intact and unstoppable

GENTING TO THE SKIES AND BEYOND

Malaysia's current lockdown decision is until 31 March 2021. Many of the Peninsula Malaysia states are seeing declines in cases. UK will reopen in May. US is expected to complete Covid-19 vaccinations in 5 months based on current pace (which is still rising). Immunity is inevitable within this year. And for the institutional funds who set the floor (or base) price...it is nothing

Bear trap completed

GENTING TO THE SKIES AND BEYOND

23/3/21 cases 1384 (BWN 505 9)

Genting has been on an unstoppable uptrend sine the low of Jan 25

From the peak of RM5.53 to RM5.20 its only ~5%. Even if it drops to 5 it is less than 10%. That is small change. The goal is always to grow your wealth and that means triple digit gains. If you are trading for daily expenses you should not be in the market in the first place because at anytime a crash might wipe you out and your ability to survive

BUY THE DIP !

23/3/21 cases 1116
Selangor 403
KL 158
Sarawak 124
All others are double digits or less

22/3/21 cases -1100 (to be updated)

Vaccines are 100% effective against Death and Hospitalizations which is the most important and key category in any public health policy - the gold standard is always to prevent death


1) How Effective Is the Johnson & Johnson COVID-19 Vaccine? Here’s What You Should Know
March 16, 2021

All three vaccines – Johnson & Johnson, Pfizer, and Moderna – completely prevented hospitalizations and deaths in clinical trials, which is why public health experts are recommending that people get the first vaccine that is available to them. But the vaccines differ in a number of details of how they work and how they were studied, leading to questions and some confusion.

https://www.ucsf.edu/news/2021/03/420071/how-effective-johnson-johnson-covid-19-vaccine-heres-what-you-should-know


2) Pfizer-BioNTech is effective against Brazil variant (which is actually the 'less worrisome' variant compared to the South African variant)

Lab Study Suggests Pfizer/BioNTech Vaccine Effective Against Variants After Second Dose
Mar 8, 2021,05:02pm EST

https://www.forbes.com/sites/alexknapp/2021/03/08/lab-study-suggests-pfizerbiontech-vaccine-effective-against-variants-after-second-dose/?sh=4bb0a9e16da5

U.S. stocks close mostly lower as bank shares get hit by Fed decision on capital requirements
Provided by Dow Jones
Mar 20, 2021 4:29 AM GMT+8

https://www.morningstar.com/news/marketwatch/20210319638/dow-down-150-points-as-bank-stocks-fall-after-fed-decision-on-capital-requirements&c=14275285515980859646&mkt=en-us

Comments: Overnight, Dow Jones dropped due to bank stocks which were hit with capital requirements and this is specific to US bank stocks. Recovery and Value stocks will continue to lead the way

Genting remains the numbawan top pick sure win Recovery and Value and Growth stock of 2021 the Year of the Golden Ox, the Year of the Super Bull

High-risk age group defined as 'people in their 50s' here - https://www.cdc.gov/coronavirus/2019-ncov/need-extra-precautions/older-adults.html

The South Africa variant 501.V2 is found in Israel: -

Health Ministry: 1% of 3,000 COVID samples found be South African variant
22 February 2021, 8:22 pm

https://www.timesofisrael.com/liveblog_entry/health-ministry-1-of-3000-covid-samples-found-be-south-african-variant/

Note: The above news was in Feb 2021 and yet cases and deaths continued to decline. This is with only 57.1% of the population with at least 1 dose (as at 23/2/21) and yet cases have dropped and deaths are now at single digits (9). And Israel is now opening up and lifting restrictions

Again, the Pfizer-BioNTech, Moderna and Johnson & Johnson (and there are possibly others as well) are 100% effective in preventing Deaths and Hospitalisation. And prevention of death is the ultimate goal of any public health policy

In fact, new cases of infection (which again, has been declining) in Israel does not even matter anymore (likely amongst the non-high risk group (below 50-55 years and without comorbidities / disease) that have NOT been vaccinated). The logic is "If it doesn't kill you, then it is no different than a mild flu"

Vaccinations and Covid-19 cases

As at 22/3/21 based on *Bloomberg's Vaccine Tracker:
1) UK will vaccinate 75% be in July 21. As at 21 Mar 21, the % vaccinated with at least 1 dose **52.5%. From a peak of 1823 deaths on 20 Jan 21, the deaths are now 33 as at 21 Mar 21 (just two months after)

2) US will vaccinate 75% by Aug 21 (if you take 6 months before it will be Jan 21 or 1Q21 - which is also when share prices of US gaming stocks reached pre-covid levels - for some it was 4Q20 - hence the phrase "markets are forward looking 6-12 months). As at 21 Mar 21 the % vaccinated with at least 1 dose is *24.5%. From a peak of 4522 deaths on 12 Jan 21, the deaths are now ***455 as at 21 Mar 21

Israel as at 23 Mar 21 has *57.1% vaccinated - cases most importantly deaths are dropping like a rock (be prepared very soon for the world's media and news outlets to start hailing Israel and their vaccination program and the mRNA vaccines an outright success for weeks and months on end). Israel is the leading real world test case - the markets don't require for all countries to be vaccinated - they can 'see' for themselves - note Malaysia has indicated it will have 50% of vaccines from Pfizer-BioNTech

SG and China is Covid-19 free

Malaysia is targeted to complete its vaccination program by end-Dec 21, which is about 4 months behind the US. If you take 6 months before, it will be Jun 21 or 2Q21 - it is not a coincidence that Genting's share price is rising but is still currently below pre-covid 19 levels
Note: this has not taken into account all the near-term (only) rerating catalysts - RW Las Vegas, Skyworlds, Celularity Inc - there are of course many other rerating catalysts

Source:
*https://www.bloomberg.com/graphics/covid-vaccine-tracker-global-distribution/
**https://coronavirus.data.gov.uk/details/vaccinations
***https://www.worldometers.info/coronavirus/country/us/

US and HK-listed gaming stocks have posted massive losses, and yet their share prices are at or above pre-covid levels

US - MGM Resorts, Las Vegas Sands, Wynn Resorts, Caesars Entertainment, Melco Resorts
HK - MGM China, Sands China, Galaxy Entertainment

Everyone knows 1Q 2021 will still be weak in fact even 2Q 2021 will be weak. But share prices have gone up

Post removed.Why?

The greatest weapon against ignorance is knowledge. Hence the phrase, 'knowledge is power'. And in the particular case of the stock market, knowledge is money

1) Pfizer-BioNTech's vaccine are effective against the South African variant

Pfizer-BioNTech Vaccine Is Effective Against South African Variant, New Research Shows
Feb 17, 2021 at 7:14 pm ET

https://www.wsj.com/livecoverage/covid-2021-02-17/card/OiXnFl17o0TPPwWkgsiU


2) Pfizer-BioNTech is effective against Brazil variant (which is actually the 'less worrisome' variant compared to the South African variant)

Lab Study Suggests Pfizer/BioNTech Vaccine Effective Against Variants After Second Dose
Mar 8, 2021,05:02pm EST

https://www.forbes.com/sites/alexknapp/2021/03/08/lab-study-suggests-pfizerbiontech-vaccine-effective-against-variants-after-second-dose/?sh=4bb0a9e16da5

Vaccines are 100% effective against Death and Hospitalizations which is the most important and key category in any public health policy - the gold standard is always to prevent death

How Effective Is the Johnson & Johnson COVID-19 Vaccine? Here’s What You Should Know
March 16, 2021

All three vaccines – Johnson & Johnson, Pfizer, and Moderna – completely prevented hospitalizations and deaths in clinical trials, which is why public health experts are recommending that people get the first vaccine that is available to them. But the vaccines differ in a number of details of how they work and how they were studied, leading to questions and some confusion.

https://www.ucsf.edu/news/2021/03/420071/how-effective-johnson-johnson-covid-19-vaccine-heres-what-you-should-know

Note: 1) The Johnson & Johnson's (J&J) vaccine results are used because it has undergone real world clinical trials in South Africa where 95% of the circulating infections are of the South African '501.V2' variant. **J&J's vaccine is 100% effective against Death and Hospitalizations

2) J&J's vaccine has a lower efficacy rate in the US (Moderate to Severe - 72%) compared to Pfizer-BioNTech (95%) and Moderna's (94%) mRNA vaccines - which means theoretically that the Pfizer-BioNTech and Moderna vaccine would be even more effective against the South Africa variant

PM Muhyiddin has said there will be no more wholesale lockdown across the country. At the end of the day mortality rate is 0.38%, with the largest cluster being from the Top Glove Teratai cluster and foreign workers and Manufacturing and Construction contributing a large proportion of positive cases. You don't kill the body to save the limb. You cut off the limb so you can continue to live

You have to look at the facts and not just your particular situation or from your own lens. SG, MY, US, UK (and China with regards to tourists) have either contained the pandemic, are seeing drastic declines AND are seeing vaccinations accelerate. These are the countries in which Genting operates and receives it's largest source (if not all) of it's revenue and income

There is light at the end of the tunnel and the world will survive as it has through all the pandemics and catastrophes in history. If you're ever in doubt, know that in the end, the Malaysian mortality rate is 0.38%, and the global mortality rate is 3.4%, and if we assume the worst case and it infects the entire world, still Mankind will survive and not perish. This too shall pass. And if you require confirmation of whether travel and leisure can ever bounce back (and I'll assume you're living in the Klang valley) then go to a cafe on a weekend brunch like today. Places which have been opened for years and were doing pretty good, now you have to queue and wait for 30min-1 hour just to get a seat. As mentioned Genting will not just go back to pre-pandemic levels, it will far exceed those levels

19/3/21 cases +1576 (BWN 701 (tempatan+import))

20/3/21 cases +1671 (*BWN 657)
Selangor +652
P Pinang +328 (BWN 246)
Johor +130

Foreign worker cases are never ending

As shared, if you wish to exit at least wait until all the rerating catalysts have come to pass, or (if you have learnt anything from gloves) better still when very tom dick and harry and ali abu ahkow is talking about Genting...that is when you start to think of selling :)

GENTING TO THE SKIES AND BEYOND

We've shared before that the rerating catalyst RW Las Vegas and its value has not been taken into account by the street (i.e. analysts, institutional funds etc)

If you have access to foreign brokers' research reports, you'll see that it has started...the value of RWLV per Genting share is much more than RM1 :)

Also, JPMorgan has a target price of RM7 for Genting

The same rerating will happen for all the other catalysts mwhich have been shared by many here and which will probably be added to ha ha ha - Celularity (and the entire Life Sciences division), Skyworlds, NY mobile sports betting and full casino license, write back for USD426mil Mashpee - when it was impaired, it led to a de-rating and share price drop) so the reverse should also hold true, should it not :), Genting America's USD500mil insurance claims etc

Raising the wager on Genting
TheStar Sat, Mar 20, 2021 08:40am


A year ago, when movement restrictions were imposed to curb the Covid-19 outbreak, Genting Bhd, the holding company with three listed subsidiaries under it, including Genting Malaysia Bhd, was among the biggest casualties of the pandemic-driven market meltdown.
WITH the focus having shifted to recovery plays, the Genting group of companies is on the radar.


https://www.klsescreener.com/v2/news/view/804957



Comments: Many of the things have been sharrd and echoed here. Enjoy

Post removed.Why?

GenM Series L preferred stocks subscription
Amount: USD 20mil
Exc Rate: 4.11
GenM no. of shares: 5.938bil

Assume total loss: (20*4.11)/5938 = RM 0.0138 per GenM share

What a beautiful closing to end the week

Congratulations to all Genting shareholders

It is an honour and a privilege to stand alongside all of you

GENTING TO THE SKIES AND BEYOND

Magic :)

19/3/21 cases +1576
Sarawak +407
Selangor +348
P Pinang +182
Johor +137
Perak +100

Selangor seems stable. Sarawak is now highest.....

Dear Mr Koon Yew Yin,

I have little doubt that MNRB is underrated but it is not the most underrated. Additionally I believe MNRB is too small for your fund size


The world moves in cycles - the seasons, economic cycle and recession (10 years), stock market cycle, property cycle, commodities cycle...

1971 Genting Highlands Opens
2021 50 Years of History and Growth

2009 Global Financial Crisis
2020 Covid-19 Pandemic

2009 Year of the Ox (KLCI + 44%)
2021 Year of the Ox

2009 Mar RM3.08 (low) to 2011 Nov RM11.98 (all time high)
2020 Nov RM2.95 (low) to 2021 RM ????

History always repeats itself

Years of downtrend will be replaced with years of uptrend

Genting (NTA: RM8.56) will once again go on a Supercycle Superbull run in 2021 the Year of the Golden Ox as the economy recovers and accelerates as history has shown countless times after every recession


Sincerely,
EMSVSI

Genting shareholders are the best ha ha ha

The world moves in cycles - the seasons, economic cycle and recession (10 years), stock market cycle, property cycle, commodities cycle...

1971 Genting Highlands Opens
2021 50 Years of History and Growth

2009 Global Financial Crisis
2020 Covid-19 Pandemic

2009 Year of the Ox (KLCI + 44%)
2021 Year of the Ox

2009 Mar RM3.08 (low) to 2011 Nov RM11.98 (all time high)
2020 Nov RM2.95 (low) to 2021 RM ????

History always repeats itself

Years of downtrend will be replaced with years of uptrend

Genting will once again go on a Supercycle Superbull run in 2021 the Year of the Golden Ox as the economy recovers and accelerates as history has shown countless times after every recession


Sincerely,
EMSVSI

The world moves in cycles - the seasons, economic cycle and recession (10 years), stock market cycle, property cycle, commodities cycle...

1971 Genting Highlands Opens
2021 50 Years of History and Growth

2009 Global Financial Crisis
2020 Covid-19 Pandemic

2009 Year of the Ox (KLCI + 44%)
2021 Year of the Ox

2009 Mar RM3.08 (low) to 2011 Nov RM11.98 (all time high)
2020 Nov RM2.95 (low) to 2021 RM ????

History always repeats itself

Years of downtrend will be replaced with years of uptrend

Genting will once again go on a Supercycle Superbull run in 2021 the Year of the Golden Ox as the economy recovers and accelerates as history has shown countless times after every recession


Sincerely,
EMSVSI

The world moves in cycles - the seasons, economic cycle and recession (10 years), stock market cycle, property cycle, commodities cycle...

1971 Genting Highlands Opens
2021 50 Years of History and Growth

2009 Global Financial Crisis
2020 Covid-19 Pandemic

2009 Year of the Ox (KLCI + 44%)
2021 Year of the Ox

2009 Mar RM3.08 (low) to 2011 Nov RM11.98 (all time high)
2020 Nov RM2.95 (low) to 2021 RM ????

History always repeats itself

Years of downtrend will be replaced with years of uptrend

Genting will once again go on a Supercycle Superbull run in 2021 the Year of the Golden Ox as the economy recovers and accelerates as history has shown countless times after every recession


Sincerely,
EMSVSI

The world moves in cycles - the seasons, economic cycle and recession (10 years), stock market cycle, property cycle, commodities cycle...

1971 Genting Highlands Opens
2021 50 Years of History and Growth

2009 Global Financial Crisis
2020 Covid-19 Pandemic

2009 Year of the Ox (KLCI + 44%)
2021 Year of the Ox

2009 Mar RM3.08 (low) to 2011 Nov RM11.98 (all time high)
2020 Nov RM2.95 (low) to 2021 RM ????

History always repeats itself

Years of downtrend will be replaced with years of uptrend

Genting will once again go on a Supercycle Superbull run in 2021 the Year of the Golden Ox as the economy recovers and accelerates as history has shown countless times after every recession


Sincerely,
EMSVSI

Genting shareholders used to green everyday limit up also no feel ha ha ha

Everywhere is red...Genting is the only safe haven :)

Genting welcomes all to the numbawan top pick sure win recovery stock of 2021 the Year of the Golden Ox

Overall market breadth is negative. Due partly (or largely) to US markets' overnight drop especially on the Nasdaq as a result of rising yields etc

HOLD THE LINE

Big green then profit making then big green rinse and repeat

DIAMOND HANDS

GENTING IS FOREVER AND ETERNAL

5.50 TAKEN DOWN

HOOT9E !!!

A year from now, when you look down on triple digit gains, know that the few cents never mattered and never will

Genting to the skies and beyong