@sharewiz. how many laptops? and what price each one? lol! you are guaranteed to have to donate, because you didn't specify a TIME LIMIT... if you had said "within 2021", it's almost confirmed as DestinyL said, but if within the next 3 years, it's truly confirmed.

@stocksafeplayer more like EXTREMELY inappropriate... :P

@zuilana, if that wasn't enough, I put in welcome messages like "Hail brothers and fellow worshippers of Genting! Praise Genting! Glory to the Lims!"

silly stuff like that.

hahahahaha

@jeffchan1901 ... actually, I opened a reddit channel

https://www.reddit.com/r/Church_Of_GentingBets/

one month ago. Well, it's actually a parody of WSB and BB, so yeah, never got popular, only 5 members up to now... how sad...

@vanbasten, congrats on your ambank. I never expected it to just completely rebound and disregard that 2.8b payout. interesting.

@aliyusof... he gets new loyal fans. ... also, people who fall for the same trick over and over AND OVER, without learning from their mistakes... can't be saved anymore.
... btw, KYY posted about how wonderful Dominant and KPS are, and how they went limit up... so, yeah, suckers just NEVER LEARN from their mistakes. SAD.


@stocksafeplayer. ... the sad part is, we got it down to ZERO daily cases... then we messed up. ... We could have been in the same boat as singapore, otherwise, where daily cases are near gone, vaccines coming in, and the economy is near to full throttle. ... sigh.

STILL!!! ... better late than never. At least we brought it down from 5k, and gonna bring it down below 1k soon...

... honestly, I think that we should keep interstate closed as long as possible, but looking at the political situation and economy, I think we can all guess that interstate will open in time for balik kampung.

http://covid-19.moh.gov.my/semasa-kkm/2021/03/jangkaan-500-kes-harian-pada-mei2021

Meh. adham baba saying 500 daily by May. ... oh wait, does he mean by the start of May? Like 500 daily by the end of April?

@SSP, double or single digit by April is being a bit too optimistic... I'll be pretty happy if we drop to 3 digits this month, and can keep it below 1000 daily.

http://covid-19.moh.gov.my/terkini-negeri/2021/03/kemaskini-negeri-covid-19-di-malaysia-sehingga-14032021

but I took a look at the covid map, and, YEAH, selangor now has 11 green, and 18 yellow mukims. It's still 22 red, and worse of all to me is the place where I'm living is red, but... yeah. Progress.

If your area is cleared for interstate travel, go genting on my behalf and crack open a few drinks for me, yeah? haha

THANKS EMSVSI!!! ... as someone who lives in selangor, that is wonderful news! YEAH!!!

oh, and, erm, yeah, genting, huat, eh, yay.

... lol, ok, yeah I'm pleased about genting too and how this will boost it, but, well, some things money can't buy, right? I been scared because my godkids returning to school, and those cases are scary AF.

themeg wants genting pushed to 5.50 so that she can sell odd lots 12 of 44 shares?

Well, shareinvestor88 keeps talking about bailout... I keep posting that there's no chance of a bailout, because GHK is not part of the group of companies.

LOL, yeah when I bought into Genting and Genting warrants back then, it was with the mindset of "eh, there's no connection... unless you're talking about margin call or something".

Also, I admit, you've done more homework than I have on GHK cruise business. So that's a factor.

For me though, I see that GHK does well, I see that it reports losses, I can see anything also, to me it doesn't matter, because GHK is not part of Genting group of companies. Hehe. Simple, short and sweet, I don't have to pay any attention. ;)

https://www.genting.com/life-sciences/

LIFE SCIENCES

Celularity, Inc.
CorTechs Labs, Inc.
DNAe Group Holdings Ltd
Human Longevity, Inc.
INEX Innovations Exchange Pte Ltd
Synthetic Genomics, Inc.
TauRx Pharmaceuticals, Inc.

BIOTECHNOLOGY

ACGT Sdn Bhd
Genting AgTech Sdn Bhd

Lol. GHK has been disowned lah.... GHK does not appear on their list of divisions page anymore... even things like DNAe and TauRX and celularity are listed on their website, but GHK has been struck from the family register. :P

...

Anyhow, yeah, sorry calafete and SSP, I'm mainly irritated because of that huat indicator, I got felt that his GHK huat was not working anymore Boring lah alway "GHK bailout GHK bailout" . Lucky that he switched to huat "3rd wave incoming" and now Genting is riding the 3rd wave to RM5.50 and hopefully RM6. Hehehe.

https://en.wikipedia.org/wiki/Genting_Hong_Kong

Genting Hong Kong was originally a subsidiary of Genting Group with a 17.8% stake owned by Genting Berhad.
In October 2016, Genting Hong Kong was entirely sold to the Lim Kok Thay's family-owned unit trust Golden Hope Limited as part of a family business restructuring exercise, separating it from Genting Group but retaining it under ownership of Lim Kok Thay's family.

...

@SSP, you know, at least when Foker promotes GenM, there is a financial tie, when GenM profits, GentB gets a share of the profits.
GHK though, there has been a financial separation. ... I understand that LKT is a common shareholder for both, but, that's like giving us updates on LKT's personal finances. Next we will hear about how LKT's personal Fixed Deposits or how much his house is worth. ... Seriously, GHK has not much connection with Genting Berhad, please stop spamming about it here all the time.. Uninformed investors might think that they are connected entities like what shareinvestor88 keeps spamming... BUT THEY ARE NOT CONNECTED.
... If people talking about Genting Hong Kong because they both have the Genting name, you might as well spam about Ho Wah Genting, that one also has Genting in it's name.

Genting Berhand, Genting Malaysia, Genting Singapore, all part of Genting Group. You know what? Here is their website:
https://www.genting.com/leisure-hospitality/

Genting Hong Kong is NOT PART OF GENTING GROUP ANYMORE.

...

@Stocksafeplayer if you must talk about GHK, please add disclaimer that GHK has nothing to do with Genting Group. Don't mislead investors and make them think that GHK is part of the Genting Group of companies.

@Stockisnotfun, well, genting Berhad does have some diversification into non gaming stuff like medical research, plantations, power generation, and RWLV is sort of a diversification into non-gaming.
GentB has a much higher NTA ratio, genm has higher dividend yield. There's pros and cons to both. In 2020 I had bought into both, and bought warrants for both, but 2021 i was all gentb. But Genm c86 more than tripled, and I feel sad for missing out on that. C91 is only a bit over doubled my money, I missed out on tripling.
Sigh... oh well... better to make than to lose, anyhow...

@SSP, I think that we will meet hartalega before we meet MBB. This is going to take a while, and by the time genting is above RM8, hartalega will be below MBB. My guess is we will meet hartalega at RM6.50-RM7.50, and MBB will be above RM9 at that point.

@sharefisher.... but new york operations is getting their full casino license in 2023... and I don't know when Yokohama, Cellularity, the indian tribe casino are coming out... what if I sell next year in 2022 and all that good news comes out in 2023??? Full of regret, right???

... we sell when the good news dries up lah... or at least when it has almost dried up. ... selling when so much good news is incoming would be crazy.

@SSP, well, we have met and passed by TG smoothly now... next is Hartalega... ... ... this one going to be a much bigger challenge, lol...
We will do it, but it's going to take a while...

@dragonboy ... yes! Our huat indicator bringing Genting 3rd wave of price flying! woo!!!

Those who sold genting mother and especially those who sold the warrant must be a little sad right now... huhuhuhuhu...

@jbond007 ... why oh why does everyone keep talking about Genting Hong Kong??? Seriously, it's shareholdings are LKT and institutions and retailers, but GentB and GenM exited completely years ago! (back when GHK was considered super hype thanks to Macau and gent owners felt that the sell-off was unfair).

Genting Hong Kong can go bankrupt, or it can become the greatest cash cow on the planet, it will not affect GentB or GenM's earnings by even 1 sen.

Got it, guys? ... for the love of mike, please stop going on and on about GHK.

It is NOT like Empire Resorts aka RW catskills, where genm was the majority shareholder, and genm took it private.

thanks shareinvestor88!!! third wave of genting price, going to RM5.50 and above now! huat!!!

@SSP... hmm... considering Elon Musk has been dipping his fingers getting involved in RWLV, I'd actually be more surprised if RWLV DIDN'T modernize and put in stuff like online bookings and stuff.
What's important here is how good URVenue's apps and such are. If anyone has used their stuff before, or knows about them, please do share.
As an example, I saw Tony boasting about his AirAsia super app, so I decided to download the app and see if it had enough potential to persuade me to buy AA shares. ... IT WAS AWFUL. And I wasn't the only one having problems, the app page was full of bad reviews and even some 5 star reviews from AA loyalists stated complaints and glitches. ... I swiftly decided NOPE, no AA.

Since URVenue is basically going to be handling such a big matter, as Genting investors we should take a look at the quality of their product, because it WILL make a difference in the success of RWLV.
Will ask my techie friends if they have any insider news.
Hoping that URVenue is one of those "they're great, anything they touch turns to gold" lol!!!

Thanks choysun! Just did a 5 minute look at Newburgh Mall. I do think that it will become a synergetic symbiosis. IMHO, this is a lot better idea than their UK operations where they bought small buildings and converted them into standalone casinos (which are members only AFAIK)... this idea of taking an existing mall and reviving it by putting in a video gaming casino as a source of entertainment sounds a lot safer, since it lets the mall deal with a lot of stuff like parking, food, location, etc.
For a local comparison... hmm. You heard how E-curve is closing down while they do a re-branding, because they aren't doing so great? ... Imagine if Genting suddenly got license to put a Video Game Casino taking over Harvey Norman's old floor space.
:O
As I said, that's symbiosis. Both the store and the casino will benefit.
...
I like stuff like this, because that means that, Genting didn't buy over Catskills with the intention of sucking up it's loss making operations... they are taking STRONG action to turn it around into a profitable business.
Of course, success is not guaranteed, but, yeah, as I said, it's like a video casino installed in e-curve, I think it has at least a DECENT CHANCE to be a success!

@virust ... I'm pretty sure that the blood clots have nothing to do with the AZ shot.

30 out of 5 million... you might as well say that "within 1 week of taking the shot, 500 people got into traffic accidents. Therefore, EU nations have decided to halt vaccination because of the risk that taking the AZ jab might increase your chance of being hit by a car"

"The number of incidents reported — about 30 from a group of around five million"

... DUDE. ... 30 out of 5 million... and many of them are senior citizens... ... ... there's probably no correlation in the first place.

@virust, at that level of occurence, using statistical probability, they might even find that the vaccine LOWERS chance of blood clots... like if they give 5 million people a placebo, maybe 50 or 100 of them might get blood clots.

IIRC, I've heard of people GIVING blood and getting blood clots.

@SSP, I stalked him back to Insas forum:

"stockraider Yes inari is a growth company in technology sector something like gloves company in health sector loh...!! "

...

OK GOT IT!!! Treat inari like I treat glove counters! I WILL AVOID TOUCHING THEM!

A lot of this stuff isn't so much "news" as it was "obvious inevitable stuff". Stuff that doesn't take a genius to figure out. As I said:

1 . Vaccine passport and vaccinated people given various priveleges like skipping quarantine and allowed to travel in red zones etc.
2. Vaccination speeds will ramp up, and non-priority people will also get access to the vaccines.
3. Vaccinations will be cleared for children, and those who are above 65.
4. Anti-vaccers will eventually start to be convinced once hundreds of millions of people have taken their jabs and there are no problems arising. Also, they will get tired of being treated as second class citizens and pariahs.
5. We will return to normal life.

Oh, here's one for you @SSP,

Vaccines do not kill covid, ie they don't cure it if you already have it. BUT... we already DO have the cure. They administered the cure to Trump and it saved his life and got him mostly recovered in just days. ... At the moment, the focus is on vaccinations, social distancing, etc, but, eventually, that cure is going to get approval too, and that will be yet ANOTHER weapon that will eradicate the threat of covid.
How confident am I about that cure? ... confident enough that, if I get serious covid before I can get my vaccination and end up in ICU, I am going to do my absolute best to get that treatment too, or as close as I can get to it.
They call it "experimental", but I can tell you... no doctor is crazy enough to give a "true" experimental cocktail of drugs to the president of the USA, if you end up making him worse, your career is OVER, your life is over. ... That treatment he received, the doctors were 99.9% certain it would work or at least do no harm. The only reason it is labelled as "experimental" is that it hasn't passed the massive layers of red tape.

1470 cases today... hmm...

@newbie2019, well, the NTA is probably like RM9 or something now with the assets being revalued higher, so that would mean you hold until RM13.50 ? ... ok, I think RM 12, I probably sell already liao, unless some MAJOR good news comes in...

@SSP.

I honestly bought heavy into genting with the intention of short term trading and short term profits, but now... I don't know when to sell. ... selling now, before interstate opens? Crazy. It's going to be a lot higher once it opens. How about after pandemic recovery? But then RWLV will have opened up and the theme park too, and I wouldn't want to sell, and then after I sell it shoots up because they get the Yokohama IR... ... well how about selling in 2022? ... But, the tribal indian casino write off reversal might come out then, and what about cellularity and what about the new york operation being upgraded to a full casino?

Right now, too much upcoming good news, and I don't really see any bad news on the horizon... well, then again, bad news tends to appear out of nowhere. ... But I really REALLY feel like it's a going to be a whole bunch of good news for the next couple of years though???

@stocksafeplayer. well, worst case scenario is it becomes a long term investment where you collect dividends...

@SSP (stocksafeplayer) ... there is a TON of juicy news, some of which is admitted ly uncertain.

Certain:
1) Theme Park opening up (this will cause a large rerating of IB TP's because it was previously a RM3b write off, AFAIK)
2) Genting NYC re-opening.
3) Interstate opening in Malaysia. US Economy opening. Covid Recovery in general, worldwide. (someone reminded me that Japan is confident enough to run the Olympic this year)
4) RWLV opening
5) Emergency will end. ... the timing for this is crucial. If it ends too early, it will interfere with pandemic containment, as parties ignore the common good and jostle for power and positioning. However, if done when things are more stable, the ending of the Emergency is a good thing. If done too late, people will complain about how democracy is being oppressed by a dictatorship.


Quite Likely:
1) New York Casino license. This confuses me because there is RWNYC and RW Catskills which is also in New york, which one is bidding for the casino license? And what is that about 3 licenses will be given and genting gets one of them? ... this one confuses me.
2) Cellularity investment. This one would be significant
3) Yokohama IR. This one is big.Will be basically a monopoly if they get it.
4) Tribal Indian Casino. I have no idea how politics + Legal is going to treat this one. hmm. For now though, it looks like it is going through.
5) Political uncertainty for Malaysia. At this point, political outlook is volatile, and who will rule is very uncertain. This will likely affect KLSE as a whole rather than any specific counter.
6) China clamping down on casino goers. ... IMHO, this will ultimately culminate in gambling being legalised in China someone being offered a license to build a casino in Beijing, and gambling will only be allowed there. Chinese just love gambling too much, and China making it illegal there was always going to be a problem.
The other, equally likely, option, is China will keep gambling illegal, and China will remain full of illegal gambling, and continue to have it's citizens travel outside it's borders to visit foreign casinos.
If China thinks that it can actually eradicate gambling among it's Chinese citizens... YEAH RIGHT, LOL.




Highly Unlikely:
1) Genting HK. ... In the case of Empire Resorts, RW catskills, it was the main company taking the subsidiary private. It's like Air Asia and Air Asia X. ... strangely, no one is talking about AA bailing out AAX.
... in the case of GHK, GenM and GentB own NONE of GHK. GHK has basically nothing to do with GentB and GenM, other than LKT owns a large amount of shares in all of them. ... But, they are not actually financially linked. ... at this point I honestly wish GHK would change name to LKT Cruises. People keep thinking GHK is related to GentB and GenM. THEY ARE NOT CONNECTED. Warren Buffet owns shares in Bank of America and Coca Cola (thru berkshire), but that doesn't make BoA and Coca Cola related. Geez.
2) PAS bans gambling. ... yeah, PAS makes a lot of demands and requests. ... most of which are ignored.

I don't know why, but GenM did SBB in March 2019, March 2020 and now March 2021. ... they've got a bucketload of treasury shares loaded up. Wonder what they gonna do with them?

Policymakers in the state are slated to award three permits for traditional casinos, but two are reserved for established venues already offering slots. Those are MGM Resorts International’s Empire City in Yonkers and Genting’s Resorts World New York City in Queens. Because of a moratorium that expires in 2023, those properties aren’t currently allowed to offer table games.

@choysun thanks man!!!

So GenS market cap is RM32b... Gentb market cap RM20b... truly hilarious.

I don't think that is the real Lim Kok Thay! ... wait, nevermind, it's his evil twin, limkokthye.

Nevermind!

@sharewiz118, I am still holding onto my warrants, so I hope you made a mistake selling, lol! ... nah taking profit is never wrong. I'm just being super optimistic. haha

@invisiblehand, yes, that's roughly how it works, however the assumption is that "normal" dividends are nothing out of the ordinary and require no adjustment, they only do an adjustment if the dividends is 2% of the current market price or more. ... so I'm cursing away because the threshold was 10.5c dividend. sigh...

"The previous time that GenM bought back shares was nearly a year ago on March 18, 2020. It then bought four million shares for RM8.34 million at prices between RM2.04 and RM2.13 per share."

huh... so... did they buy back shares on March 2019 as well? I should check.

....

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2937713

CHEH.

Yeah.

Evidently, Genm does SBB every year in march. ROFL

5.055 became rounded down to 5.05... sigh... wish it was 5.06. oh well...

the structured warrants make me sad. evidently, they would have had the exercise price and ratio adjusted if the divided was 2% of the current market price, not the exercise price which was what I hoped for. If only the dividend had been 10.5c instead, my warrants would have shot up in value so much! oh well...

@keyman188... please lah... read my post carefully... I am saying MIBB was WRONG, and will have to adjust their TP accordingly... at the moment maybank TP is far too low...
...
You should have seen my frequent posts enough to realize that I'm the biggest Genting Fanboy ever lol

https://www.asgam.com/index.php/2020/09/03/maybank-turns-cautious-on-gentings-resorts-world-las-vegas-hopes/

Maybank IB Research said it was currently assigning “nil value” to RWLV in its assessment of Genting Berhad’s status and was downgrading the company from Buy to Hold.

... so... if RWLV opens and gets a bunch of customers, looks like they would be re-assesing the valuations. ... MIBB also did not expect GenS to breakeven, they were expecting big losses. heh.

Took a look. WGW88 is some online betting site that makes a lot of big claims about itself, such as a tie in with MGM. I'm not sure if MGM knows who is WGW88.

Eh... it was RM6m.
SSP, I generally am not a fan of SBB, but, eh, if Genting Berhad wants to do SBB right now, I wouldn't be against it, spend a few billion on SBB and pump the share price all the way to RM15 lol.
kidding. that would be irresponsible.

actually, I just asked my remisier lol

the reference price tomorrow SHOULD have been 5.055, but since genting is between RM1 and RM9.99, it will have to be rounded to the nearest sen. I don't know whether bursa rounds up or rounds down.
That's how bursa will set the reference price... but how the market will choose to react and gap up or gap down etc, who knows???
Hope there is some solid good news that would cause a gap up tomorrow...

-3c... and tomorrow ex so reference price will be 5.055 ? ... or would it be 5.05/5.06 ?

@SINF, Younger brother can help older brother climb up the stairs then! Genm +5c, give genting some of that momentum and pull GentB past the RM5.20 mark, thanks!!! hehe.

But yeah I'm regretting not buying Genm-c86... haiz... oh well...

oh that's a bit weak:
https://www.bloomberg.com/graphics/covid-vaccine-tracker-global-distribution/
In the U.S., the latest vaccination rate is 2,168,688 doses per day, on average. At this rate, it will take an estimated 6 months to cover 75% of the population with a two-dose vaccine.
In Malaysia, the latest vaccination rate is 20,377 doses per day, on average. At this rate, it will take an estimated 6.5 years to cover 75% of the population with a two-dose vaccine.

Take note that USA started off with like 200k vaccinations a day when they started off, so if Malaysia follows a similiar graph, we would eventually reach 200k doses a day and be covered in 6 months timeframe as well.

Anyhow, the gist of it is, Malaysia MUST (and AFAIK, that's the plan all along) accelerate our vaccinations.
GOGOGO MALAYSIA BOLEH!!!

@SSP thanks!
"However, with the resumption of normal operations from September to mid-November 2020, Genting New York's business was already nearly back to pre-Covid-19 levels,”

Yeah ... I'm not sure why, but yes, during that time period, people were very quick to return to casinos.
Now with the USA vaccination drives, I'm expecting a really sharp recovery for Genting NYC indeed.

https://www.malaymail.com/news/malaysia/2021/03/10/sjmc-now-covid-19-vaccination-centre-says-ceo/1956568
Coordinating Minister for the National Covid-19 Immunisation Programme Khairy Jamaluddin had earlier said that private hospitals were being used as vaccination centres for private healthcare workers for phase one of the national immunisation programme.
“The government will include more private hospitals for phases two and three as announced previously,” he said. — Bernama

...

GOOD. Basically, yeah, relying on government hospitals only, would have been far too slow. They are also mobilizing volunteers GPs. ... the faster they can roll out vaccinations, the better.

...

@zulianna. ... I respect your decision to hold off on vaccinations until you feel confident that they are safe. ... I am actually in partial agreement with you. For instance, Indonesia was saying that they wanted to develop their own Covid Vaccine called Merah Putih... if I had been offered to be among the first few to receive that jab, I would have refused!
As for the more reputable vaccines though:
https://www.bloomberg.com/graphics/covid-vaccine-tracker-global-distribution/
More Than 326 Million Shots Given
Dont worry too much. Over 300 million shots have been given out already, and no real problems so far that can be directly blamed on the vaccines. EXCEPT FOR ALLERGIES. ... if you have allergy issues, consult your doctor.

@imapotato, @invisiblehand... eh, for c95, depends what price you can get for it. I see that the offer to buy it is currently only 0.215... with an exercise ratio of 8x and exercise price of 3.40, this means that the breakeven is currently RM5.12 for mother share. Which means it is actually trading at a slight discount (if you sell at 0.215).
Last done 0.225 would be basically trading at par. TINY premium, at implied breakeven of RM5.20.
0.260 sell price would imply RM5.48 breakeven.

...

TLDR: This warrant is trading pretty close to par value. Pretty fair pricing considering there's slightly over 2 months left and dividends about to be paid out.

As for whether to hold or sell, sadly, I myself am asking this question since my C94 matures 1 month earlier than yours, in April, ROFL.
The answer is basically based on: do you think Genting will go up down or sideways over the next 1-2 months?
And... as for that, I dunno. Long term I'm confident in Genting but short term the price fluctuations are unpredictable...

I forgot who added the contribution about Genting and all the other USA casinos suing the insurance companies for the business interruption losses. That was some solid news. It's in the realm of "maybe will happen, maybe not", but if it does go thru, that's a big boost.

IMHO:: It will happen. Fortunatly, US current government is Democrat, and democrats tend to favor small retailers over big businesses. Other than the casinos, a lot of small time businesses are also trying to claim insurance over "business interruptions" due to being forced to shut during pandemic. Unlike the rich casinos, a lot of these mom and pop stores NEED the insurance money to not go bankrupt. ... So I think US government will rule in their favor and save them, which would mean EVERYONE gets paid out.

USA insurance companies try their best to weasel out of everything, during Hurricane Katrina they tried to weasel out of that too. (they were forced to pay up)

The hilarious thing is... casinos in the USA evidently find it too troublesome to sign up for 10-20 different policies, so the most common policy they take is something called "ALL RISK". Yeah, the policy is literally called "ALL RISKS" and is supposed to cover basically almost everything under the sun.


Well, there is a chance though that the payout won't happen. We shall have to wait and see. But if it does happen, that's a solid boost to the financials as those losses get reversed!
Anyhow, as i said, we can wholeheartedly cheer for insurances being forced to pay out, because a lot of mom and pop businesses also need that insurance payout to avoid bankruptcy, so you can bet that a lot of american voters are all also calling out for them to payout.

@Imapotato. Short term, Genting highly volatile. What is your warrant expiry date?

@ATK correct me if I'm wrong, but I get the impression that you only like Genting because of their investment in this hockeystick company, and if that companies clinical trial happens to fail and the IPO doesn't happen, you wouldn't like Genting anymore? ... cause you are negative about basically everything to do with genting, other than your hockeystick company investment, and maybe the yokohama IR, I've never seen you talk good about any other sector's of Genting's business.

@ATK When it went below RM3.90, and I did a buy call, you said not to buy, and that it would drop lower.
So, no, you didn't specifically say RM3.50, but you said it would fall lower and RM3.90 was not the bottom.
Maybe you meant somewhere in between 3.50 and 3.90 ?