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Share market is speculative in nature. Even if announcement of certain areas MCO, it do not really affected the glove demand in nature as it is not like Mar 2020 where whole world close down and glove demand will increase due to pandemic.. the glove order have full up to 31st Dec 2021 while even if closed down on certain areas might Genting Malaysia business will not affect their Singapore and other parts of the world..
Even if any close is only talking about a month of max of 2 mths where vaccine will arrive.. 1st support seen at RM4.02 if break can wait lower.. yet to enter oversold position
Gloves also made by human la, those foreign workers not immuned to virus also. If another breakout virus in their gloves dorm sure reverse the situation
Not yet Mel.. need to see any announcement tonight or weekend or not.. better safe than sorry.. if buy or sell today is like playing banker player.. if buy glove stocks out of sudden no lockdown then next Monday leng yer.. if buy Genting if announce targeted MCO if lockdown Selangor, KL and Pahang also leng yer.. so see clearer picture next week better...
Now Covid Cases bad coz vaccines haven reached malaysia. Vaccine reported to reach malaysia by Feb. During that time, news regarding first batch vaccine arriving will surely give positive impacts on recovery stocks. Hope to buy Genting at its bottom around early Feb
Our country covid cases getting worst..
Need to prepare for the worst...
Just share my 2cent... Next week will probably lock down 6 or 7 states for 4 weeks...
Good luck
By that time vin also finished his penang char kuey teow d, if goes low then he can buy low and eat char kuey teow again, now vin same as wai chong d LOL
TP given to genting by Kenanga after considering vaccination factor recently is RM5.70. For individual, it's depends on our own safety margin for intrinsic value, if we set safety margin around 20%, our own TP is RM4.50. 25% safety margin is around RM4.20. 30% safety margin is around RM3.90. Of course, some people can set safety margin around 50%, TP become RM2.80. But, the higher safety margin we set, lower chance we able to grab in open market. Finally depends on market and our own judgement.
RM3.50 should be quite safe.. wait for irrational throwing by panick holders and benefit from it.. I am waiting too.. if you know how to calculate fundamental on financial you will know how much its affect the compay profit if close for a month.. some tips u can always look's for the worse scenario, full lockdown of whole world like Mar to June 2020.. Genting reported a loss of RM900 mil+ which is negative 20+ cents.. so do u think the lock down will be like previous almost 3 mths or more severe
While Singapore is doing good.. US, UK and Europe on recovery after vaccine have continuos market up for almost whole week where US is going to announce trillion stimulus again next week. U make your own call and rational
Agreed.. do it once for all.. direct targeted MCO for 1 month.. no need doubt think too much which suppose to come even early before cases are worsen.. one month close up Malaysia will only affects around RM300 mil divide by number of shares for GenM which is less than 10 cents EPS and even lesser for Genting as can be cover Genting Singapore, Genting Plantation and etc. By that time vaccine is coming.. after that more focus on recovery than virus.. we can hear less people talk nonsense.
I think government should mandatory those people who stay in big city like selangor, kl, penang and Johor to take the vaccine first. As the population is bigger and higher density in these area.
Not necessary 1 month. If mandatory lockdown around 10 days in whole country directing all industries and manufacturing (even medical related factory except hospital) to be shut down, I believe all covid cases able to emerged. This is almost same with Chinese government practice in Wuhan. Do it final for all.
Although vaccine available in US, only less than 1.5 % US population is vaccinated as of today. We can't see any significant reduction of covid cases. The chain of infection will only broke when the vaccination reach at least 30%. This might take few weeks from now. Herd immunity able to achieve only if more than 70% US population is vaccinated. This might take few months from now.
Agree Kyory, Genting stock is for long term investor. Global herd immunity only able to achieve until end of 2021. Genting business full recover in 2022.
Temporary treat as FD and get dividend. Whole world government not afford to forever close border. Tourism is a major contributors to country GDP. Sell down the market now is like against the world governments. Last year Nov 2020 short sellers who short tourism and airlines loss billion of US dollars.
@Kiki Liew, never put all in one basket. Spread it out equally based on yr hard earned savings. Look back the story of "Too Big Too Fail " in Yr 2008 Yr 2009 companies in America.
Even IB do not short it Jeffrey, Genting count a lot of foreign funds buying.. for the pass 2 weeks mainly is foreign funds selling however, by stronger ringgit will attracts more foreign funds to come in but main thing now is need a stable politic and vaccine. Chelsea you go into Bursa website will be able to check on the short selling list.
Kee i dun think is short selling, even is short selling oso many investor will come in and grab ticket at low since genting is very very undervalue. If for risk reward ratio i am prefer consumer stock which has a lot of cash on hand can survive during this pandemic. If glove sector that is very short term play. Since everyone can build a glove factory without license. But not everyone can build a casino or themepark. So for long term i still look good on those recovery stock. My 2 cents. Haha
Tempura for me i am nt risk taker. Yes genting's asset is higher than NTA. But i am not looking at what genting NTA. I am saying genting has so many casino once recover genting will shoot up. My view for genting is downside is limited. I am nt hoping genting can go up to 8 or 9. I am just hoping genting's share can move stable that's all. Cause i am not monitoring everyday. Growth or not, we can see in future. This pandemic situation more than 50 percent of the listed company not growing too.
But still can goreng up and down and tipu those investor hard earn money. Haha i am just hoping stable only. Lols just sharing my view. Everyone has different view. Sharing is caring. Have anice day all :)
No right or wrong.. Tempura and uncle have their view while Guan Hong looking for long term have it own strategy too. For me as long as making money will be good strategy whether is short term trading or long term holding. Since no strategy good for all, traders have their way while value investors have its own way too. Happy investing all and let's see how market react tomorrow.
here come another glove play party member. For me recovery sector and glove sector is a short term investment. I m looking high dividend and growth for long term trading.
Yes, agree with both Kyory and Tempura. To me, the appeal of Genting stocks are its Dividends. Am just curious who got so many shares to let go if not IB. Hopefully if only FF then, it will be a matter of time before it picks back up. Unless IB gets bored with the gloves counter soon and switch attention to other counters. just waiting for more bullets come month end to pump in later. For the gloves, the opportunity to goreng is very tempting indeed.
Haha tempura i like ur strategy too. Hold on long term growth company and pay dividend too. I hope when consumer stock recover then will pay dividend. I like genting because he is monopoly in malaysia and potential bid in japan by genting singapore to be a monopoly in japan. And branded theme park. Hope it goes well :)
Its funny that Gloves Players love that the world covid cases forever high, the more ppl die, the more they are excited. Hoping the world to burn for self gain, priceless.
Worry that MCO2.0 will be implemented, those retailer shift their fund from recovery stock to glove stock. We can noticed that some glove stock jump as much as 28% within one day.
@ Jeffrey Chan Genting Berhad business diversify to gaming, hotel, plantation, property, oil and gas, energy and not to miss out life science. Life science Division doing cellularity, DNA research, cancer treatment research and etc. This division keep growing everyyear. Hopefully in near future, this business handsomely giving Genting a fruitful profit. There is pro and con. Multiple interest pose multiple risk for Genting as well.
@Tan Ghim Huah, agree that diversification is good. Tesla is a good example. However, whether it will grow into a good stock or not is unpredictable as we also know that stock prices are determine by willing buyer and seller. They can grow the counter and reap profits together or proceed for a lose-lose situation by taking profit via scorched earth tactics like how the prices drop to our present level. At the end of the day, no matter how sound the company future prospect for long term investment, you need balls of steel to dig in for the long haul I guess