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2020-03-27 19:53 | Report Abuse
Malaysia GDP forecast at 1.2 % by FITCH. Historical low in 100 years of history.
2020-03-27 16:42 | Report Abuse
Most investors just concerned about missing the rally. No many paid attention to covid-19. The impact of covid-19 is fuxxking damaging than 2008 crash. Good luck & my condolences to those who trapped by the recent rally.
2020-03-27 06:50 | Report Abuse
US had over take China as the most infectious nation with over 82k cases. Don't be chased after a rally. US unemployment claims over 3 million in a week. The rally in DOW was inflicted by Federal reserve money printing. In reality in pandemic is spreading, factories are shutting down. Coming economic data will be very bad and worst than 2008.
2020-03-26 17:22 | Report Abuse
The share price will recover but you need to hold above 5 years. If your money is not for emergency use than don't sell. Trust me but the selling is not done. As covid-19 cases added another 235 infection as of today. Stay safe and keep your shares in the freezer. Genting don't need a bailout.
2020-03-26 12:13 | Report Abuse
Don't forget foreign investors hold a large chunk of genting shares. You chased up the price for them to sell high.
2020-03-26 12:12 | Report Abuse
US are unable to contain the spread. Now secretly asking for foreign help. Act like a super power & big bully. They should beg China for help. Yes the worst have yet to come. Singapore already confirmed recession. Now s matter of time before US announce their economic and unemployment data. Corporate sure not doing great. You decide if the market have bottom or not? Covid-19 still actively strong & major economy are shutting down to prevent spread. Just look at Malaysia than you can feel the impact. Trade on your own risks.
2020-03-26 11:13 | Report Abuse
Covid-19 cases in US will top 100,000 this week.
2020-03-25 13:36 | Report Abuse
Keep your cash . The contagious is still very active worldwide. All this rally fuelled by Central bank liquidity. Sentiment was caused by covid-19 unless the contagious subside or else don't buy.
2020-03-25 10:23 | Report Abuse
Some sweet from central bank while the covid-19 still in active stages.
2020-03-25 06:53 | Report Abuse
A false hope created by central bank worldwide. Liquidity cannot kill a covid-19. Only a tested vaccine able to save human being.
2020-03-24 18:27 | Report Abuse
Huge cash but high debts too. High debts along as business still in profitable positions than is good. But now business not only dropping but zero visitors plus no revenue and still have high expenditures. Lastly where got money to service the debts? Dig into the cash reserves and dig dig & keep digging until? The world is in a major crisis now. Only utilities companies less vulnerable.
2020-03-24 00:00 | Report Abuse
Stimulus already approved but market react to covid-19 more
2020-03-23 23:59 | Report Abuse
The price looks cheap but non stop losing money. Fall into pn17 cry also no tears
2020-03-23 23:44 | Report Abuse
I won't put all my cash into stocks. My maximum is 60 percent of my cash reserves
2020-03-23 23:40 | Report Abuse
My total investment about 40%. Still holding 60% cash
2020-03-23 19:51 | Report Abuse
I don't understand a loss making company like sapura energy still attract so much attentions? This is the worse oil and gas counter in bursa Malaysia.
2020-03-23 19:47 | Report Abuse
Everhappy no one can assure when is the best price but you can start buy bit by bit if there's a massive correction. Never jump after a strong rebound or you get caught off guard.
2020-03-23 19:41 | Report Abuse
Nothing to shame about our loss coz its our money. Nobody gonna give us back right? My loss in Genting bhd 27k, GENM loss 22k and the rest are banking shares, property counter and yinson I'm still holding with a paper loss of below 200k I think . I believed banking shares will recover much faster than gambling and leisure counters that why I holding for long term. Genting disposed at 3.95 & GENM sold at 2.27. I'm waiting for both counter to drop more before I bottom fishing again. Good fundamental in long term but I expected massive loss in year 2020. Recovery most probably in 2nd half of 2021. Investment takes time to bear fruit. Best of luck
2020-03-23 19:01 | Report Abuse
Finally you said something right Tew66666. Bear market is the best time we increase our wealth. Don't worry 56 years old uncle here flush with tons of cash. Hahaha! I'm beginning to bottom fishing now. Can't predict a bottom but the price already looks attractive enough. Good luck all
2020-03-23 18:55 | Report Abuse
1 billion loss because I think ite included casinos in UK, Australia, Singapore and US. Tell me do you expect any of GENM & it's subsidiary casinos still in profitable position in 2 quarter of 2020?
2020-03-23 18:51 | Report Abuse
Government already hint of extending the MCO to a month. There's another 212 new covid-19 cases in Malaysia.
2020-03-23 14:44 | Report Abuse
Right now banking stocks looks more attractive than gambling counter. Plus they pay higher dividend than genm and genting. Valuation also much cheaper.
2020-03-22 07:28 | Report Abuse
In Italy many age 20 & 30 with no history of health problems also died of infection. Don't over estimate the virus. Stay safe and keep your cash. Young people have very much less cash than elders.
2020-03-21 18:38 | Report Abuse
Government won't be able to bail out all because we unlike US & UK which can start printing money.
2020-03-21 18:37 | Report Abuse
Banking counter will be in big trouble if big corporations start to default.
2020-03-21 18:31 | Report Abuse
The previous crash caused by property bubbles where KLCI index fell over 80% between 2008 and 2009. And present crisis was even worse it slowing the entire world economy by pandemic covid-19. At the moment KLCI had just corrected 20% & DOW only 30%. I'm not trying to out smart anyone. Uncle skybursa had over 30 years trading experienced. In my opinion the best timing to start accumulate good fundamentals stocks is when you see the contagious finally slowing down worldwide. Keep track of the news daily and be prepare when times come. Trade with caution in a volatile environment.
2020-03-21 07:03 | Report Abuse
Corvid-19 DEATH toll are are rising in huge numbers in Europe,US & others part of the world. The pandemic is spreading throughout the world. Even Malaysia had cross 1000 mark. Recession are looming & bank will have face defaults soon. Unemployment will rise together with business slowing down & bankruptcy will rise. The fear of depression is even terrify than recession. Trade cautiously in the face of uncertainty ahead. Stay safe and good luck.
2020-03-20 11:18 | Report Abuse
Today share rise because Bank Negara is flooding the banking system with liquidity. The same happening to Europe and US. But can't support an economy which consumers afraid to spend & nothi6 pay back the loan. Lock down can damage the economy.
2020-03-20 10:19 | Report Abuse
Yeah I'm a dumb old man . I sold out at 3.95 but if the money to buy back now, I get more quantity of shares. But I prefer to wait for lower entry so I get bigger quantities with the same amount of money. I'M SMART
2020-03-20 10:01 | Report Abuse
Those who rush to buy are stupid.
2020-03-20 10:00 | Report Abuse
People will find it today rebound as an opportunity to cash out.
2020-03-20 09:58 | Report Abuse
Wallstreetrookie when I cash out at 3.95, you question me why I cut loss. The price will go back above 6? The selling still got a long long way down. Stop lying to yourself. This rebound is short lived.
2020-03-19 12:24 | Report Abuse
Open for business but only few daredevils uncle and auntie brave enough to gamble there. Not even enough to cover employees salaries. Selling foreign assets soon. Coz it's overseas casinos too facing the same covid-19 problems. Do not touch leisure counter. It may takes few years just to break even. And dividend will dwindle.
2020-03-19 12:20 | Report Abuse
The major owner is on the opposition side. Will you award a contract to your rival? OPCOM is death.
2020-03-19 12:17 | Report Abuse
I think probably fall below 2.50 coz business environment is greatly effected & cash cow will not survive for long if covid-19 & recession drag on a couple of years. Investment bankers always makes stupid mistakes when they make a buy call. I believe soon genm will start to dispose it foreign assets (casino) to minimize losses.
2020-03-18 23:23 | Report Abuse
Every time drop also average. You own MAYBANK?
2020-03-18 23:13 | Report Abuse
Lim family will be financial distress because they owned 70% of HK Genting cruise. Cruise business are dying
2020-03-18 23:12 | Report Abuse
All subsidiary will be at loss accept genting plantation. But don't forget that palm oil price are dropping too.
2020-03-18 23:10 | Report Abuse
With negative revenue still have to dig into the coffers for share buy back. High debts is not a problem but the problems is the business cannot generate enough to cover the expenses and repay debts. Any share buy back will be very limited
2020-03-18 22:49 | Report Abuse
No need pay back loans doesn't benefit me. I'm debts free.
2020-03-18 22:44 | Report Abuse
Calvin Calvin Calvin must stuuuuuuck with lots of OPCOM shares in hands. I noticed that when the price up you keep calling for a buy
When the price keep dropping like no tomorrow you too keep a buy call. Trying to dispose your holding at others expenses?
2020-03-17 07:26 | Report Abuse
Yeah everyone still not sell will Holland
2020-03-17 07:19 | Report Abuse
A repeat of 2008 or maybe worst. Maybank may drop below 4.
2020-03-16 22:40 | Report Abuse
Confirmed lock down. Tomorrow market will crash
2020-03-16 22:19 | Report Abuse
Confirmed lock down from 18 to 31 March.
Stock: [GENTING]: GENTING BHD
2020-03-28 06:56 | Report Abuse
The worst not even here yet. Just be patience and hurricanes will bash the stock market. Stay tuned.