Posted by curly2328 > 2021-03-25 18:07 | Report Abuse

can't get out of the country...this is the place to go

Posted by limkokthye > 2021-03-25 19:36 | Report Abuse

bila boleh pergi leh?

Posted by limkokthye > 2021-03-25 20:49 | Report Abuse

us drop again

Posted by pohllong > 2021-03-25 21:07 | Report Abuse

Genting Malaysia could invest up to US$140 million more in its embattled New York casino operations come October should there be any further delays to refinancing plans, according to Nomura Research analysts.

The Malaysian gaming giant revealed late last week it would purchase an additional US$20 million in “Series L Preferred Stock” in Empire Resorts – owner of New York’s Resorts World Catskills – in order to boost Empire’s equity due to challenges arising from the COVID-19 pandemic. It had previously invested US$190 million since March 2020 via two separate transactions, including US$150 million last September, due to delays in a planned refinancing of Empire’s long-term borrowings.

That US$150 million left little room for further investment due to Bursa Malaysia rules requiring a minority shareholder vote should related-party transactions over a rolling 12-month period exceed 5% of the company’s net book value.

According to Nomura analysts Tushar Mohata and Alpa Aggarwal, Friday’s US$20 million investment takes the rolling 12-month total to 4.8% of net book value through September 2021, but the company may feel the need to prop up Empire yet again come October if refinancing efforts aren’t expedited.

“We believe Empire Resorts will attempt to conclude the refinancing of Resorts World Catskills’ long-term borrowings in the meantime, as its operating outlook improves with progress in US vaccinations,” they state. However, “should there be a delay in refinancing till September 2021, there can theoretically be a further US$140mn capital injection in Empire by Genting Malaysia sometime around October 2021, based on our calculations, without seeking a minority vote.”

Nomura said it expects Genting Malaysia to record losses of around MYR238 million (US$58 million) in FY21, mainly due to its share of losses from Empire Resorts.

Posted by yingzhe17 > 2021-03-25 21:13 | Report Abuse

299

Posted by Rateofreturn75 > 2021-03-25 23:46 | Report Abuse

Buy and hold, sure win within 1-2 year. Not to worry about up or down in short period. Same as we keep in fixed deposit, need to keep for 1 year to get the return. I personally think this counter can yield more than fixed deposit. :)

Posted by kaitan > 2021-03-26 09:20 | Report Abuse

Buy before next week when CMCO in Selangor and KL is lifted. This is the final dip before the next run.

Posted by Goldgent > 2021-03-26 12:18 | Report Abuse

Awana SkyWay to resume operation from tomorrow and onwards.
https://www.rwgenting.com/gettinghere/awanaskyway/

Posted by Tony008 > 2021-03-26 15:42 | Report Abuse

No more cheap ticket...GENM engine started again

Posted by Cakes Moon > 2021-03-26 16:12 | Report Abuse

Hoseh ah!!!
Today just buy in at RM3.11.
Keep for long term.

Posted by Jeffreyteck > 2021-03-26 16:22 | Report Abuse

Genting Singapore responds to SGX query on chairman Lim's remuneration..... lol I am the boss la.

Posted by TedTock > 2021-03-26 16:26 | Report Abuse

Went in this morning. Best decision today.

Posted by sharewiz118 > 2021-03-26 16:44 | Report Abuse

Glad to have loaded some C92, C93, C94 and C95, all are in green status, GENM push higher ...........

Posted by gearupguy889 > 2021-03-26 16:45 | Report Abuse

last wave to buy in.... dont think price will go this cheap after state travel ban lifted.

Posted by gearupguy889 > 2021-03-26 16:46 | Report Abuse

buy buy buy!!!!

Posted by Tony008 > 2021-03-26 17:00 | Report Abuse

Next week when Khairy announce 2nd Phase vaccination roll out + if interstate open by end month.... Genting clouds, here we come

Posted by Lkl888 > 2021-03-26 17:18 | Report Abuse

Genting SkyWorlds theme parks will be open in May, to celebrate Hari Raya Aidilfitri !

Posted by MG9231 > 2021-03-26 18:50 | Report Abuse

Open in May, let orang Pahang, King's people enjoy the ride first....

Posted by yingzhe17 > 2021-03-26 18:56 | Report Abuse

299

Posted by desire > 2021-03-26 19:13 | Report Abuse

399 on the way

Posted by Lkl888 > 2021-03-26 19:31 | Report Abuse

3.31 52 weeks high on the way

Posted by sharewiz118 > 2021-03-26 21:35 | Report Abuse

RM3.33 nice number

Posted by limkokthye > 2021-03-26 21:36 | Report Abuse

https://www.bharian.com.my/bisnes/lain-lain/2021/03/800596/1mdb-masih-miliki-hutang-rm323-bilion

Posted by limkokthye > 2021-03-26 21:37 | Report Abuse

tq jibby

Posted by Lkl888 > 2021-03-26 23:48 | Report Abuse

JPMorgan TP 4.00

Posted by Keyman188 > 2021-03-27 09:41 | Report Abuse

S&P 500 closes at a record, Dow jumps 450 points as stocks rally in the final minutes of trading

(PUBLISHED THU, MAR 25 20216:06 PM EDTUPDATED FRI, MAR 26 20214:31 PM EDT)

U.S. stocks climbed on Friday, finishing the volatile week on a high note as stocks benefiting from a successful economic reopening outperformed again.

The Dow Jones Industrial Average closed 453.40 points higher, or 1.4%, to 33,072.88. The blue-chip benchmark was up only 65 points earlier in the day. The S&P 500 rose 1.7% to 3,974.54, hitting a record closing high and bringing its 2021 gains to 5.8%. The Nasdaq Composite erased a 0.8% loss and ended the session 1.2% higher to 13,138.72.

All three major benchmarks rallied to their session highs into the close with the Dow jumping tacking on more than 150 points in the final 8 minutes of trading. It was broad-based late buying. Beaten-up tech like Apple rallied into the green in the final minutes. Banks, energy and materials were all big winners in the final minutes and on the day.

President Joe Biden on Thursday announced a new goal of having 200 million Covid vaccination shots being distributed within his first 100 days in office. As of Friday, 100 million coronavirus vaccinations had been given since Biden was inaugurated.

Financial stocks rose after the Federal Reserve announced that banks could resume buybacks and raise dividends starting at the end of June. The central bank originally said it would lift pandemic era restrictions in the first quarter, but even the delayed move gives investors more clarity. Shares of JPMorgan rose 1.7%, while Bank of America advanced 2.7%.

Fears of rising inflation eased after data showed tame price pressures. The core personal consumption expenditure price index, which strips out volatile food and energy prices, rose 0.1% month over month, matching expectations from economists polled by Dow Jones. Year over year, the gauge climbed 1.4%, slightly lower than a 1.5% estimate.

“Softer-than-expected PCE deflator data support the idea that Treasury yields will likely consolidate over the short-term,” said Edward Moya, senior market analyst at Oanda. “The lower the baseline for inflation, the easier markets can become convinced that the upcoming pricing pressure surge will be transitory.”

The 10-year U.S. Treasury yield came off its high following the inflation data, and inched back up throughout the day. The benchmark rate rose 6 basis points to 1.67%.

Meanwhile, consumer sentiment in the U.S. continued to rise amid the vaccine rollout. A University of Michigan survey released Friday showed the final reading of the index of consumer sentiment was 84.9 in March, up from 76.8 in February. Economists polled by Dow Jones expected a reading of 83.7.

The Dow and the S&P 500 posted modest gains for the week, up 1.4% and 1.6%, respectively. The Nasdaq fell 0.6% on the week, however. The market rally has slowed down in recent weeks as rising interest rates and valuation concerns hit tech names.

“The market has felt like more of a grind lately, and this may become more of the norm as we enter year two of the recovery,” said Larry Adam, chief investment officer at Raymond James. “These periods, like most, do not move in straight lines, as drawdowns will occur along the way. This is not troubling, but investors should expect some weakness and take advantage as it occurs.”


## https://www.cnbc.com/2021/03/25/stock-market-open-to-close-news.html

Posted by Keyman188 > 2021-03-27 09:42 | Report Abuse

OMG...Monday global market will follow US sentiment to surge further...


CHEERS............

Posted by Bgt 9963 > 2021-03-27 10:36 |

Post removed.Why?

Posted by Keyman188 > 2021-03-27 19:08 | Report Abuse

Hong Kong Looks at Easing Travel for Vaccinated Residents: LamBy 


(March 27, 2021, 5:02 PM GMT+8)


~ Social-distancing measures may be loosened: chief executive
 

~ About 430,000 people in city have received at least first dose



Hong Kong is looking into making it easier for vaccinated residents to travel to encourage more people to get inoculated, Chief Executive Carrie Lam said in a statement on Saturday.

ADVERTISING

“We have been actively studying whether social distancing measures can be further adjusted if a certain number of people are vaccinated, and we will discuss with other regions whether we can mutually provide travel convenience to vaccinated tourists,” Lam said in an emailed release.

About 430,000 people in Hong Kong have received at least the first dose of a Covid-19 vaccine since the city began inoculating on Feb. 26, according to Lam. This accounts for 6.6% of people in Hong Kong aged 16 or older who are eligible for inoculation, she said.

Read more: Vaccine Check in Hong Kong; Worries in Australia: Virus Update

The city’s vaccination campaign suffered a setback this week when it and Macau temporarily suspended shots manufactured by BioNTech SE because of packaging defects. The suspension risks eroding public confidence in the inoculation, which gave Hong Kong residents an alternative to the one made by Chinese firm Sinovac Biotech Ltd.

BioNTech and Shanghai Fosun Pharmaceutical Group Co., which has the rights to market the mRNA vaccine across mainland China, Hong Kong, Macau and Taiwan, have initiated an investigation into the issue, according to statements from the Hong Kong and Macau governments.

Hong Kong Expects Initial Report on BioNTech Vaccine Next Week

The former British colony’s vaccine roll-out has been beset by challenges including a number of post-vaccine deaths, public distrust in the Beijing-backed government and widespread hesitation.

Hong Kong has imposed a stringent tracing and testing program and conducted 100,000 nucleic acid tests a day on average in March, according to Lam. After an outbreak in a gym near the city center this month, an average of 10 close contacts were identified for each confirmed case. About 1,500 people from the cluster were sent to quarantine centers and some 3,300 people underwent virus testing, the chief executive said in the statement.


## https://www.bloomberg.com/news/articles/2021-03-27/hong-kong-looks-at-easing-travel-for-vaccinated-residents-lam

Posted by Keyman188 > 2021-03-27 19:09 | Report Abuse

Is it another great great boost news!!!...

Posted by limkokthye > 2021-03-27 20:20 | Report Abuse

pn looks like going to keong gan liao

Posted by Bgt 9963 > 2021-03-27 20:47 |

Post removed.Why?

Posted by Smallfry88 > 2021-03-27 23:02 | Report Abuse

Buy this counter better than going to casino..

Posted by desire > 2021-03-28 10:40 | Report Abuse

https://www.thestar.com.my/news/nation/2021/03/28/decision-on-interstate-travel-for-raya-to-be-announced-soon

Posted by desire > 2021-03-28 10:40 | Report Abuse

Get ready

Posted by TedTock > 2021-03-28 11:21 | Report Abuse

This counter has already taken into account the doom and gloom since last year. It’s recovery time.

Posted by jeffchan1901 > 2021-03-28 11:34 | Report Abuse

Mornin fellow GenB investors, just ignore the Glove flies la they can shout until gloves no value for all they want. We know GenB and GenM face challenges since last year but yet give put dividends. we also know that come H2, GenM and GenB will start improving with the opening of theme park and spill off to casinos. Very high chance gomen will allow interstate travels for that important electoral vote. we know light is at the end of the tunnel for recovery stocks, while gloves is heading in the dark tunnel for sure. Just ignore them if they start spewing lies it's okay since their supreme leader also shafted them. this is the law of the jungle. let them talk and talk and talk someone. we move on and make money while they sit and wallow in self pity and negativity. they can join us or get left behind. it doesn't matter to us and the decision is theirs. so moving forward just ignore their comment. I mean how long they can continue when the prices keep going up?

Posted by jeffchan1901 > 2021-03-28 11:35 | Report Abuse

sorry for the lengthy repetoire

Posted by Bgt 9963 > 2021-03-28 13:12 |

Post removed.Why?

Posted by Keyman188 > 2021-03-28 13:59 | Report Abuse

More Than 528 Million Shots Given: Covid-19 Tracker

In the U.S., 140 million doses have been administered; rollout goes global

(Updated: March 28, 2021, 8:06 AM GMT+8)


The biggest vaccination campaign in history is underway. More than 528 million doses have been administered across 141 countries, according to data collected by Bloomberg. The latest rate was roughly 13.8 million doses a day.

In the U.S., more Americans have received at least one dose than have tested positive for the virus since the pandemic began. So far, 140 million doses have been given. In the last week, an average of 2.68 million doses per day were administered.


## https://www.bloomberg.com/graphics/covid-vaccine-tracker-global-distribution/

Posted by Keyman188 > 2021-03-28 14:00 | Report Abuse

Israel successfully vaccinated...

US faster than expected...

Posted by apple168 > 2021-03-28 19:40 | Report Abuse

https://www.chinapress.com.my/?p=2451698

Posted by apple168 > 2021-03-28 19:41 | Report Abuse

https://www.sinchew.com.my/content/content_2450337.html

Posted by shareinvestor88 > 2021-03-28 19:45 | Report Abuse

https://www.theedgemarkets.com/article/genting-hong-kong-hold-board-meeting-march-31-approve-fy20-results

Posted by stkoay > 2021-03-28 19:46 | Report Abuse

@apple168...how is your gloves doing?

Congratulation to you for holding gloves.

Posted by thurston > 2021-03-29 07:00 | Report Abuse

US has administered more than 100 millions doses of vaccines now. Biden has revised his target to 200 millions doses in 100 days after he became president.

Daily administered doses is more than 2.5 millions doses in US now. They will achieve herd immunity (proven in Israel now) in summer 2021.

And, Resort World Las Vegas opening in summer 20 July, is just a right time to attract travel boom and crowd.

Meanwhile, Malaysia PM just hinted that interstate could be allowed in Hariraya. And with the opening of Genting Sky theme park around the same time in Q2, this will attract large crowd.

Clear and bright sky ahead of Genting Berhad, that is why Morgan Stanley also recommend to buy Genting Berhad now with TP rm7.00, which is more than 35% upside.

Posted by thurston > 2021-03-29 07:01 | Report Abuse

If you want to buy Genting Malaysia share and Genting Singapore share, you actually could buy Genting Berhad share with 30% discount in share price.

In addition, you get Genting Plantation share, Genting Energy, Resort World Las Vegas for free.

What a super undervalued good stock.

Genting Berhad Price to Book ratio is only 0.6 now.

EPS before pandemic is about 60 cents. Current PE is less than 10 for a casino stock... super undervalued comparing its peer.

Upcoming crystal...
1. opening of Genting Sky theme park in Q2.
2. Opening of long-awaited Resort World Las Vegas.

Both will contribute further the EPS of Genting Berhad, especially everyone can expect travel boom after the end of pandemic very soon.

Just my 2 cents.

Posted by Bgt 9963 > 2021-03-29 08:31 |

Post removed.Why?

Posted by MG9231 > 2021-03-29 09:13 | Report Abuse

Thurston, fully agree. I prefer to own both GENM n Gent B , Genm offers direct impact after Sky world Outdoor Theme Park opens. Just imagine without Theme Park, premium Outlets and Malaysian Streets Foodwourt, GEnm once reached as high as $6.10, now it should goes even higher after lives go normal.

Posted by aliyusof > 2021-03-29 09:58 | Report Abuse

Jeffchan1901...well said.