For those who do not own a stake in GenM, why do you care so much if it would drop or not? Why don't you spend more of your time to scout other counters that have more potential?
1. Genting is burning cash away, yes, they have large reserves excesss fat, but it is getting lesser by the day
2. Gamblers whose hand itchy are slowly switching away to online casino, once they get used to the convenience of online casino, Genting will loose the gambler permanently. Consumers, once they shiok convenience of online..there goes trend. Imagine, u hv yo drive up a hill just to gamble vs the convenience of going online. many business has provened that, online shopping, online banking, online food ordering etc
3, In the event they also switch model to online casino, then they face almost perfect competition, coz they are no more the monopoly in online casino, so may competitors there.
Once a blue chip, doesn't mean always a blue chip.
Genm fans here feel offended when the reality news post at this forum. Why? Because they afraid of losing money. No money stop trading. Cannot afford risks stop trading. Set up your very own website and invite only die hard supporters to join you. This way all bad news after brainwashed becomes good news. STOP LURING PEOPLE INTO YOUR TRAP. Do you believe in KARMA? I DO
Genting and online casino not same feel lah. Play alone where got shiok. Online casino can never replace it. Having said that, Genm still going down. Today broke 2.42 . 2.30 next. And lower after that.
@stocksyndicate Wah dude, you damn lalang leh... :p
Dec 7, 2020 6:56 AM | Report Abuse
Missed the boat? Trying hard to cause panic selling? The recent quarter results doesn't affect the stock price. The problems is you can't afford at this price. AM I RIGHT? 2020 will end soon and grab the opportunity before the funds started they year end shopping.
kaitan...Yes agree , initially online casino and genting not the same..but after some time. consumer behaviour will be conditioned and adjust to the convenience of online playing.
Just like when online shopping just started, many laughed say not the same..sure die one coz cannot see and feel and touch the product, but after some time..lazada, shoppee, hv become more sales than shopping centers.
As MCO forced gambler to seek alternatives, they will start with online casino..and after some time, they will be addicted to it. No need to spend few hours drive up the hill just to gamble..can do it at the comfort of home with PC or even handphone
Only gamblres still go up to genting is the aunties who bet small and don't know how to use computers or apps
Big sales. Expect more dumping. Stop saying the quote (missing the boat). Those missed buying are glad to be at the sidelines to watch nature take it course on Genting Malaysia.
Hard core uncle & auntie live saving at stake will they risks their saving holding on to uncertainty? Glove already a good lesson to be learned. But big differences is Gloves manufacturing still operating under mco and profit in billions. Genting Malaysia suffer from drop in visitors and gamblers and never ending of losses. Nice words of comfort coming out from you just to protect your own investment under the expenses of retired senior citizens? The Lord are watching from above
G for genm G for GARBAGE! NEVER KEEP GARBAGE(GENM). DUMP GARBAGE(GENM) FASTER DUMP BEFORE THE SMELL GET WORSENING. CHOY & SUN NEVER BRUSH TEETH ALSO SMELLY. DON'T LISTEN TO SMELLY ADVICE. DUMMMMMMMP
@shareinvestor88, I am betting GENM may dip to rm 2.3+, maybe 2.2 but I do not seee it will bottom at previous low RM 2 or RM 1.5 TP...
The answer is simple: We have seen it dip below RM 2, and rebound strongly to almost RM 2.8. Many Uncle and Aunties will fast grab the GENM at RM2. Buying volume should be huge so that it is hard to dip to RM 2.
I will regret so much to sell at RM 2 definately, and only see it rebound to higher price and I miss by selling at rm 2.
those who keep shouting for TP 1.5...or RM 2. They want my cheap ticket at RM 1.5 or at RM2.
Though under MCO, and number of cases stay high. But the GENM share price unlikely to dip to RM 2 or RM 1.5. Its like CIMB Share pricehard to dip to RM3 again. Let's be realistic.
Share market always look forward for future. The same analogy applies to glove counters. NO matter how high the number of cases globally. The share price isn;t going much higher, in fact, the earning is expected to remain high, yet,Top glove price is around RM 6++, today down some more. This is simply due to market anticipating more and more positive vaccination roll out news. There are gonna be more and more effective vaccine, more and more vaccine efficacy, improvement data out...The vaccination roll out will be more and more distributed.
The only thing that can stock the recovery theme stocks and boost the glove counters, in my humble opinion, is that, if the vaccine fails and the Covid seems not diminishing (most pandemic will fade by soon or later if you study the pandemic history). If any of these happen, then most recovery theme stocks will tumble once more again...
But I trust the technology continue to improve and the vaccine will end the pandemic sooner than every expect. I trust the recovery would start in second Q...
History tend to repeat again, where many retail investors will lose faith in blue chip, due to bumpy road of market recovery, getting affected by those who shout on panic with intention to buy back at low. But Warren Buffett famous quote remind me "be greedy when market panic, be careful when market too optimistic". And Another famous Malaysian Stock Analyst, often known by "cold eye", he has his advice "grab those blue chips super undervalued due to panic market", be patient and wait for recovery...you will be rewarded.
Just to share my honest personal thoughts on GENM and GENTING...Not a buy call or sell call. Disclaimer: Invest on own study, risk on own. DO own analysis and make own decisions because loss or profit will be our own own.
Happy investing guys, lets hope the market heading for recovery after bumpy ride.
@drkelvin20 Wow, you wrote a very detail and well analysed comment. I tend to agree, but am sure there will be many who will still knock Genting :p They are here because there are interest to buy, so it's good for all I suppose :)
I myself missed many opportunties during panic sell, way dated back to 2008-2010...and Euro crisis 2011-2012...I was selling during panic,and following those panic inciters...only to realize the rebound later on. It was hard lessons for me during that time.
Over the years, I have seen and evidenced many such circumstances where market recovered sooner than everybody expectation, where most retailers regretting selling fast and not being patient enough....I was one of them who missed the opportunities, and I realized I should have bought during blue chip tumble.
Market going quicker than everybody thought after Panic/Crisis, marker is never giving us any hints or tips before it bounce back from Panic crisis. It happened before in March 20...where many of us including myself, now regretting not courageous enough to nibble more during market fear /panic back in March20 where GENM down to RM 2, GENTING down to RM 3, and CIMB down to RM 3...
History tend to repeat here, and I am reminding myself...Think out of the box, do the other don't....its "Once in life time cycle"....How often do we see GENM dipped to RM 2++ and GENTING RM 3++?! Be really prudent for sell call and buy call.
My two cents...to share with fellow investors. I wish all of us will be rewarded patiently from the recovery theme stocks...I remember Buffett famous quote:
"Majority people do not actually make profit from share market, because majority of us want to gain wealth fast and have no patient to ride through the volatility"
I also remember Cold Eye famous qoute:
"Be courageous in undervalued blue chips, check on those blue chips under valued signifcantly due to crisis". Check on their fundamental. The worst it got hit by the crisis,, it tends to rebound stronger...if you trust on the management governance and if you trust on recovery is imminent.
My two cents, to share with fellow investors here.
Again, just my opinion and thoughts: Invest on own study, risk on own.
With all the negative comments by naysayers, GenM is still holding strong. Because most investors are in for a long term. Be optimistic, stop spreading negativity.
@drkelvin thanks, although we know this all along,.. it's nice to hear from others to reaffirm our long believe that a small is unavoidable for market correction but the inevitable fact is that things will eventually be good
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
jeffchan1901
1,405 posts
Posted by jeffchan1901 > 2021-01-19 22:03 | Report Abuse
@MYTime, Apple168 predict Feb 4, 2020 places got lockdown. This is seditious.