Posted by Michaelchan2024 > 2 months ago | Report Abuse

1SGD = 3.45/ 3.46 MYR
1USD = 4.65/ 4.66 MYR

Posted by Michaelchan2024 > 2 months ago | Report Abuse

Come q3 and q4 2024, GenB's share price is expected to reach new high..

Posted by Riaz1954 > 2 months ago | Report Abuse

Trade war will start again! No trade war has been in place since Trump first came to power….democrats if anything put more pressure…so nothing new …same of the same no matter who is in power…at least Russia Ukraine war will end…under Trump..

Posted by Michaelchan2024 > 2 months ago | Report Abuse

If inflation eases, utility prices can come down. When inflation rates decrease, the cost of goods and services, including utilities, tends to stabilize or drop..

Posted by Michaelchan2024 > 2 months ago | Report Abuse

不要被骗入场買YTLp 博反弹, 成了高楼接盘侠

Posted by neohts > 2 months ago | Report Abuse

looking good. Keep it up.

Posted by benqwe12345 > 2 months ago | Report Abuse

willing to buy Taurx shares
Can I know the price?

Posted by dragon328 > 2 months ago | Report Abuse

@Michaelchan2024, haha all three have big biscuits to chew on. Good stories will go on and on, to our success!

Posted by Michaelchan2024 > 2 months ago | Report Abuse

大家都在画大饼…谁的画更大：​
1) GenB : TauRx 老人药
​2) YTLp : Nvidia AI
​3) YTL : 隆新高铁
​
Today, we all begin at the same starting point..
​GenB : 4.83
​YTLp : 4.80
​YTL : 3.62

Yes, dragon328, let's all huat together! Cheers!

Posted by Michaelchan2024 > 2 months ago | Report Abuse

Go go..Genting

Posted by Pinky > 2 months ago | Report Abuse

Time will prove that we were right to stick with laggard Genting

Posted by Save > 2 months ago | Report Abuse

Foreign fund nett buying Day 15 yesterday +21M, Local institution keep nett selling -55M. KLCI short term target 1630 broken D2, if D3 can close above 1630, next week outlook will be bright. It seems foreign fund start buying Genting. Watch 4.85

Posted by Michaelchan2024 > 2 months ago | Report Abuse

@OTB, thank you for sharing your thoughts.
​I appreciate your straightforward approach and your commitment to long term investment in Genting. It's always important to rely on facts and maintain a positive outlook.

Good luck to you too! Cheers!

Posted by neohts > 2 months ago | Report Abuse

OTB - US cannot get. But UK possible.

TauRx Pharmaceuticals Ltd, a global leader in tau-based research in Alzheimer’s disease (AD), has announced the submission of a UK Marketing Authorisation Application (MAA) for hydromethylthionine mesylate (HMTM) for treatment of mild cognitive impairment (MCI-AD) and mild to moderate stages of dementia due to Alzheimer’s disease.

HMTM has been designated by the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) for the Innovative Licensing and Access Pathway (ILAP). If successful, the UK could be the first country in which an accessible, safe, oral treatment, which targets the hallmark tau pathology of the disease, becomes available to patients.

Posted by neohts > 2 months ago | Report Abuse

Waiting for more good news.

Posted by ImCK > 2 months ago | Report Abuse

UK NEED MONEY FOR ECONOMY if approve then UK can earn more tax generate money

Posted by OTB > 2 months ago | Report Abuse

Posted by neohts > 21 minutes ago | Report Abuse
OTB - US cannot get. But UK possible.
--------------------
Yes. You are right.
Very sad case for TauRx.
I hope the US authority will do justice to all Alzheimer patients.
Should have a good heart towards health care.
Thank you.

Posted by ImCK > 2 months ago | Report Abuse

UK can get approve 1st also best already if medicine really work then many people will go UK buy or from UK deliver to other country . if medicine not work FDA approve also no use

Posted by ImCK > 2 months ago | Report Abuse

medicine is comfirm work as director said they said how good no use if no one approve drug they cant commercialize also

Posted by ImCK > 2 months ago | Report Abuse

lucky UK brexit https://www.pharmaceutical-technology.com/news/mhra-procedure-medicine-approvals/ so UK can make thing more faster

Posted by ImCK > 2 months ago | Report Abuse

https://www.pharmaceutical-technology.com/news/mhra-procedure-medicine-approvals/ lucky UK brexit

Posted by neohts > 2 months ago | Report Abuse

Once UK approved. Commonwealth country can start selling. China and India may follow.

Posted by Michaelchan2024 > 2 months ago | Report Abuse

Recently, various stock analysts and "gurus" have been posting negative outlooks about Wynn Resorts and Las Vegas Sands. They often correlate the equity performance of these US based casino giants with Genting, suggesting that if the ang moh casino stocks are underperforming, Genting's performance is likely to be similarly impacted.

Posted by Michaelchan2024 > 2 months ago | Report Abuse

Moving forward, it's important to consider the potential effects of a depreciating US dollar on these companies. If the US dollar weakens, it can be beneficial for US based casinos operating overseas, such as in Macau. Revenue from these operations, typically denominated in local currencies, will convert to a higher amount in USD, thus positively impacting the mother company's financials. This currency effect can enhance the overall profitability and financial stability of Wynn Resorts and Las Vegas Sands.

Posted by neohts > 2 months ago | Report Abuse

RM5 coming soon.

Posted by Michaelchan2024 > 2 months ago | Report Abuse

Betul

Posted by Michaelchan2024 > 2 months ago | Report Abuse

A simplistic or overly negative assessment of Genting's future performance based solely on the current struggles of US casino stocks might be misleading. Instead, a more detailed and careful analysis that considers various factors, such as currency exchange rates and specific market conditions, is necessary to fully understand Genting's potential..

Posted by Michaelchan2024 > 2 months ago | Report Abuse

A stronger MYR relative to the USD can indeed help lessen the financial impact of losses from Genting's US operations when these losses are converted into MYR, thereby improving the overall financial performance of Genting Berhad and Genting Malaysia. This currency effect can be a key factor in the financial stability and performance of the company.. Come q3 and q4 2024, GenB's share price is expected to reach new high..

Posted by Michaelchan2024 > 2 months ago | Report Abuse

I am a strong supporter and shareholder of GenB. I won’t chase high; I have added GenB below 4.60. Please note that whatever I posted on this forum is not a recommendation to buy or sell.

马屁精 is right,
Don't be conned and
don't be cheated..

Posted by Michaelchan2024 > 2 months ago | Report Abuse

My investment in Genting was never based on hoping for a miracle FDA approval of TauRx. To me, TauRx is a bait used by traders to con people into buying Genting shares..

Posted by KooSan > 2 months ago | Report Abuse

Plenty of land in Johor too...

Posted by speakup > 2 months ago | Report Abuse

Congratulations Michaelchan2024 u buy way cheaper than speakup

Posted by Michaelchan2024 > 2 months ago | Report Abuse

Thanks speakup. It's all about patience and strategy.. wishing you the best with your investments as well.

Posted by neohts > 2 months ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/07/19/genting-plantations-to-acquire-152-hectares-in-indonesia-for-rm593mil-for-property-development

Genting Plantations to acquire 152 hectares in Indonesia for RM593mil for property development

Posted by speakup > 2 months ago | Report Abuse

We Huat together in Genting

Posted by AngTayKor > 2 months ago | Report Abuse

Posted by benqwe12345 > 1 day ago | Report Abuse
willing to buy Taurx shares
Can I know the price?
------------
Posted by Michaelchan2024 > 9 hours ago | Report Abuse
My investment in Genting was never based on hoping for a miracle FDA approval of TauRx. To me, TauRx is a bait used by traders to con people into buying Genting shares.
----------

You sure you still want to buy Taurx shares? Got people here say Taurx useless la, Taurx is used to con investors leh...

Actually Taurx news are small swings only. The biggest swing was actually Pfizer and Moderna covid vaccine trial result success (early Nov 2020). Trader bought when below 3.00 for a few days only suddenly vaccine trial success, trader increased position size along the way and exited at 4.30+, made rm2m in profit in abt 2 weeks. Re-entered again during pull back consolidation near 4.00 zone and made over rm1m profit within 4 weeks. Taurx news peanuts return for this stock so far. Covid vaccine news was much much more powerful.

You guys very solid can hold a stock for years and years! Covid already more than 4 years ago but stock price still quite hopeless.

Posted by Michaelchan2024 > 2 months ago | Report Abuse

https://theedgemalaysia.com/node/719697
Foreign tourist arrivals surged to 9.48 mil as of May 2024 — Zahid

He said the Ministry of Tourism, Arts and Culture has targeted 27.3 million international tourists and an income of RM102.7 billion this year. Cheers!

Posted by Michaelchan2024 > 2 months ago | Report Abuse

In actual fact, it's the uncertainty surrounding inflation and the appreciation of the US dollar during efforts to combat inflation that has led investors to stay away from casino stocks. The US dollar's appreciation, driven by the Federal Reserve's interest rate hikes, has created a challenging environment for international revenue conversion and increased market volatility.

Posted by Michaelchan2024 > 2 months ago | Report Abuse

However, as the world appears to have reached the peak of the inflation cycle, with the US Federal Reserve contemplating interest rate cuts in September 2024, the resulting depreciation of the US dollar is likely to reduce market uncertainty. This shift is expected to restore investor confidence, making casino stocks more attractive. The anticipated decrease in market volatility and improved financial outlook should encourage investors to buy into casino stocks once again.

Posted by KooSan > 2 months ago | Report Abuse

Trump will make America great again. Better than the nyanyuk Biden.

Posted by Michaelchan2024 > 2 months ago | Report Abuse

This is an investment in the stock market. I respect the many investors who made millions of dollars during the COVID pandemic while keeping a low profile. They are the true investors in the stock market. Yes, it's all about patience...patience, timing, and strategy. Let's hold on to Genting and prosper together in the next few years.

Posted by AngTayKor > 2 months ago | Report Abuse

As a trader, its all abt the timing n big swings, not the amt of time in the market n time spent posting in chat forums. Having caught over 10 big n small swings since stock price was below 3.00, I think thats equivalent profit of stock price rm8 to 9 liow when trader exited n pumped in all money into taurx.

Posted by KooSan > 2 months ago | Report Abuse

Trader needs skills and really good charting skills. Without these skills, its like gambling in casino. So, if a person does not not the skills, better stick to being value investor.

Posted by Michaelchan2024 > 2 months ago | Report Abuse

👍👍

Posted by AngTayKor > 2 months ago | Report Abuse

Yes @Koosan, a trader's mental psychology, strategy n self-discipline rank above charting skills.

Posted by Michaelchan2024 > 2 months ago | Report Abuse

Historically, casino stocks have shown sensitivity to broader economic conditions, including interest rates, currency fluctuations, and investor sentiment.

Historical Context of Casino Stocks:

1) Economic Cycles: Casino stocks often perform well during periods of economic growth when discretionary spending increases. Conversely, they can struggle during economic downturns as consumers cut back on leisure activities.

Example: Extraordinary achievement in attaining 5.8% economic growth in Q2 2024.
👍👍👍👍👍
2) Interest Rates: Lower interest rates typically reduce borrowing costs, which can benefit casino companies that often carry significant debt. Additionally, lower rates can stimulate economic activity, leading to higher consumer spending, which is positive for the casino industry.

Example: The Federal Reserve is expected to cut interest rates in September 2024, which could help the casino industry by reducing borrowing costs and stimulating spending.
👍👍👍👍👍
3) Currency Fluctuations: A weaker US dollar can boost tourism as it makes travel to the US cheaper for international visitors, potentially increasing casino revenues.

Example: With the US Federal Reserve contemplating interest rate cuts in September 2024, the resulting depreciation of the US dollar is likely to reduce market uncertainty and restore investor confidence.
👍👍👍👍👍
4) Market Volatility: Reduced market uncertainty and lower volatility can enhance investor confidence, making stocks, including those in the casino industry, more attractive.

Example: The anticipated interest rate cuts and subsequent depreciation of the US dollar in September 2024 are expected to reduce market uncertainty and restore investor confidence.
👍👍👍👍👍

Posted by Michaelchan2024 > 2 months ago | Report Abuse

I understand that not all posts will appeal to everyone. If you find this content uninteresting, feel free to skip it.

Posted by KooSan > 2 months ago | Report Abuse

@ATK Since you mentioned mental psychology, strategy....these also applies to gambling in casino, right? Heart attack after winning.
Hahaha....yes mental psychology, strategy are important

Posted by AngTayKor > 2 months ago | Report Abuse

You need to have an edge over others, a strategy that can be repeated with higher chance of probability. In casino payout, the house will have an edge so its a matter of average out long term play house sure win.

Posted by AngTayKor > 2 months ago | Report Abuse

In stock trading, there is a very important factor called trend. If you follow the trend, your probability of winning becomes higher. Stock trading is a probability game. Always watch the downside, the upside will take care of itself. Trade defensively, safety first. Have your own trading rules n follow your trading rules religiously.