Any realistic official data to support it

Deniel mode and emotion can't rescue u. Now only the recognition and acceptance of reality and facts with critical thinking of how to handle your portfolio smartly might rescue u.

How do u know the price will not drop below $4?
Have u consider the followings would have negative impacts on its price to cause further drop:
Negative market sentiments on glove counters when WHO announce the pandemic under control to be over later, when there are critical signs to show gloves demand and ASP decline, when company quarter result shows profit decline later, all these would definitely happen only the matter of time see when will happen.

Yes high dividend might be if high profit sustainable to support it in future but what's about if profit drops due to the decline of ASP and increase of material costs, will it be high dividend with the drop of profit in future?

How do u know are ib runners here? This is only your own assumptions.

Smart investment is based on realistic data analysis and objective assessment prediction but not based on emotions and unrealistic info.

Will75, yes I am holding 300k Genting shares. If u jealous can also collect as many u want from the market anytime.

U all here always say that pandemic can't be ended and can't be under control, vaccines doesn't work, virus mutation can't be overcome by vaccines, the pandemic situation being worse ets. Do u really have actual realistic official data but not somewhat articles get from somewhere to support?

Can gloves demand and ASP be at the peak ongoing high forever even after pandemic?
Do u have realistic info about the worldwide supply of gloves in next year onwards?
Can the super high profit of company sustain in future after pandemic?

U need to analyze these logically, objectively, realistically but not emotionally and not subjectively to predict the future trend of glove counters for your investment decision. Good luck.

Glove counters would be very tough with the drop of gloves ASP due to its oversupply that expect to cause price war in next year and the increase of material costs lead to lower profit earnings of company. Worldwide and Malaysia economy going to recover start from this year onwards. Watch the following to understand it :

https://youtu.be/tbN92TkI9N8

Watch the following to understand Worldwide & Malaysia pandemic and market outlook of 2021:

https://youtu.be/tbN92TkI9N8

Watch the following to understand Worldwide & Malaysia pandemic and market outlook of 2021:

https://youtu.be/tbN92TkI9N8

Those bought at low price no worries to hold for longer time to enjoy greater capital gain cos if price correction the most within 10% only, it won't drop much, it should be able to stand above $5 then would go up again even to higher level for the up trending stock. There's strong support from local and forreign funds which are ready to collect it at any time.

I am an accountant running my own business. With my accounting and financial knowledge read through Genting annual report I find it is a good company with solid and healthy financial position only that now hurt by the pandemic effects but it would recover very fast and strongly when pandemic under control over later.

I don't think any problem because Genting is managed by a reliable group of people with trust and good reputation over half of the century until now still solid and steady. No worries.

If u are investing Genting shares aim for greater capital gain over one or two years or even longer, u no need to bother the temporary price correction which is deemed to be normal after much rising. After its short term little price correction definitely it would go up again even to higher level for the up trending stock like Genting now. There are many good news pending out to stimulate its price up later. Unless u are short play aim for pocket money.

I am not bad I am telling the truth only that u all get drunk and still in dreaming and imagination not wake up. U just check so far all the comments I have posted here already turned to its reality become the facts that u all refuse to accept only.

Thus no need to worry that because the substantial shareholders include all the funds holders would definitely safeguard the company for all share holders benefits won't approve the bail out for GHK if happen but most likely won't.

If Genting intends to bail out GHK, it must conduct special general meeting for voting to get the approval of its minority shareholders which includes the substantial shareholders other than the owners Lim family. This includes all the funds holders. They would definitely safeguard the company won't agree and won't approve the bail out because not benefit to the company but detrimental to company cash position. Furthermore GHK is now under the process of reorganizing its debts with creditors as I know they most likely to reach agreement of settlement soon.

No need to bother how much the target price set by ibs because they might have agenda behind that. What we need just to find out the company true value including its net asset value, its cash position, its cash inflow sources, its profit growth and dividend payout rate.

Don't worry Genting net assets value per share is $8 plus now is traded at discount soon or after it would go back to $8 plus to reflect its true value when pandemic is under control to be over later and when its business operations and profit earnings back to normal as pre-pandemic level. It's only the matter of time we need to be patient and wait to see our capital gain growing that is wonderful for us.

All are still dreaming in the imagination mode. Shiok shiok sendiri condoling your selves.

Even u find some buying from forreign fund it might be shorties buy back to cover its short position.

U mistaken already April 2021 not super bullish but should be super bearish. Up to $5 also difficult don't talk up to $6, $7 that would be very very difficult. U must realize super heavy selling pressure at its upper side.

It might be the fund buying.

Congrats u too $4.50 is also low cost holding wish the best for u. Hope we all in this forum can huat together.

I am a bit lucky got to do bottom fishing bought at its bottom part at averaged cost $3.10 now already have great capital gain seeing it growing gradually.

I think it should be billions of USD.

That's true. Why worry to hold this company shares. I have dumped in a large sum of my capital holding it for greater capital gain.

It would be a cash cow company with great cash inflow from various sources locally and overseas. This company already over half of the century would be solid and steady it had gone through many times of national and worldwide crisis like the financial crisis in year 1997-1998. Sure it can get through this pandemic also with great cash balance and accumulated previous earnings of about 30 billions and its good reputation for getting financial assistance if necessary.

Genting is a good prospect company with cash rich, even cash cow and high growth and many good positive news pending out to stimulate its stock price, good for long-term investment also.

Yes there's a bit long way to $8 hopefully can get it in next year 2022 when it fully recovers profit as pre-pandemic level. I think more realistic and most likely to go up $6 plus its pre-pandemic price level by end of this year especially when its sky world outdoor theme park opens.

How do u know forreign funds are collecting now? Will they buy supermx since it's to be kicked out from klse index composite soon in coming review mid of the year and they have other glove counters like topglove and hartalega to consider because these counters already included in klse index composite long time ago.

After rising much, a bit down for consolidation is normal doesn't matter it would up again later with so many good news pending out and it's up trending stock traded at discount for its market price now still much below its net asset value $8 plus.

With this current price its market cap value already gone down much lower than Mr.DIY market cap value that would cause this counter to be kicked out from KLSE index replaced by MR. DIY in the next review mid of the year. This is also another negative impact and pressure on its price possible to go lower.

Furthermore, there are some more cash warrants pending to expire its price might be manipulated further down.

At this moment if it can't go up higher and still stand stagnant at around $4, what happen if WHO announce pandemic really under control to be over later and the demand for gloves, ASP and company profit really show signs of coming down for normalization later. All these negative news would have negative impacts on its price possible to drop lower towards $3. There is possibility because it's at border line of $4 unless it can shoot up higher now.

It seems currently stagnant at current level. No momentum.

Genting is a much cash rich company with 28 to 30 billions cash balance more than sufficient to support its finance and company operation even though it making loss now. It has about 30 billions dollars accumulated previous earnings more than sufficient to offset the loss of only one or two billions incurred in this one or two years time. Thus its shareholders' fund would keep on positive to support its operation. Don't worry, it has good fundamentals better than airasia.

Airasia fundamentals not so good because it lack of cash to finance its operation and negative shareholders' fund due to huge loss. Even it makes right issues to obtain funds, its number of shares issued will increase to dilute its EPS lead to lower market price later. Furthermore with larger number of its floating shares in market after right issues is difficult for its share price to go up.

Don't worry GHK already have its own way of solving its company's problem it won't come to ask for help from Genting and even Genting won't bail out for it because safeguarded by its minority shareholders.

Anyway I am happy to see my capital gain in Genting growing up gradually even though the company still making loss now but expect it would recover its profit partly in this year and full profit recovery in next year at that time its price is expected to go up higher towards its net asset value $8 plus because it's now traded at discount.

I have joined in supermx forum since end of last year to share my view about the situation of glove counters but nobody appreciates it because all the glove stocks lovers there are too optimistic and too believed in the super high glove demand, high ASP, super profit of company and high target price. They believe that will push up the stock price but neglect the negative market sentiments on glove counters, the change of market trend, the transfer of big players, funds and hot money out from glove counters. Overall I can say they too much focus on company good fundamentals (FA) but neglect the TA side.

I am not glove hater. Actually I also consider to invest some in glove counter but not now I am still waiting for the good price. I called this name since end of last year because I already foreseen since end of last year that glove counters going to drop deeply.

Genting is worth to invest for its recovery of profit expected to take place in this and next year. Furthermore it's cash rich company holding 28 to 30 billions cash balance and its market price now still much below its net asset value $8 plus per share. It's traded at discount now.

Yes this is the first time I come in the forum here since I have been Genting holder along the up trend from its bottom.

Sorry emsvsi for the mistaken identity.

Welcome keyman188. U have picked the right choice.

Genting is on the way up to its pre-pandemic price level $6 plus soon with the stimulus from its pending good news.

Wou I saw a number of glove supporters like agjl, keyman188, Maxsuper and emsvsi also the supporters and investors of Genting here. Good.

There are occasionally minor rebounds in small limits may be can short play with careful for a bit pocket money but it's long term down trend it seems to be temporary bottom at around $4 but it might possibly further drop lower when WHO announce pandemic under control to be over later.

Even u buy at its bottom u might need to hold it long term don't know until when may be until next new pandemic come for its big up trend bull again because glove stocks are pandemic related or beneficiary stocks that it only have bull when pandemic arise and would be bearish no bull at normal time of no pandemic.