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Will gentlng HK rise like the European cruise line ?
Yes , this are fire sales prices ,it should recover from lockdown and become a major stories in Asia.
Starting to cruise...:)
Both Royal Caribbean and Norwegian Cruise Line are up after market up 2.56% and 3.36% respectively.
Carnival closed up 22.15%, Royal Caribbean up 13.31% and Norwegian Crusie up 9.99% last night.
Can Genting HK crusie along as well? 10% will move it to $0.4125 haha...
Patience is the key
NCL is up 4.5% after market and Royal Caribbean is up 3.14% after market.
Chiong ah! Big ship engine takes a longer time to fire....Once it starts to move, it will be smooth sailing :)
sunter ( Date: 07-Apr-2020 12:22) Posted:
I believe the next travel destination for Chinese China will be in Asia as they are worried about the hate crime in USA and Europe , as such due to the long lockdown , they have become pent up ready to travel and will be searching for events and destination very soon , genting dream cruise and world dreams will be of great advantages at this point if time .
sunter ( Date: 07-Apr-2020 10:58) Posted:
| Most western cruise are up 18% to 20% last night , will getting HK follows? Highly oversold counter |
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I believe the next travel destination for Chinese China will be in Asia as they are worried about the hate crime in USA and Europe , as such due to the long lockdown , they have become pent up ready to travel and will be searching for events and destination very soon , genting dream cruise and world dreams will be of great advantages at this point if time .
sunter ( Date: 07-Apr-2020 10:58) Posted:
| Most western cruise are up 18% to 20% last night , will getting HK follows? Highly oversold counter |
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Most western cruise are up 18% to 20% last night , will getting HK follows? Highly oversold counter
Moving .... :)
Genting HK is now only trading at S$0.063 on HKSE (HK$0.345). It was trading at S$0.138 in January and S$0.185 just last year. With the huge rally in the Cruise Line stock last night, its time for our Regional Cruise operator to rebound. Chiong ah !
Carnival Corp (NYSE:CCL), Royal Caribbean (NYSE:RCL), and Norwegian Cruise Line (NYSE:NCLH) are leaving the rest of the market in their wakes, up 25.3%, 18.4%, and 18.3%, respectively as of 1:45 p.m. EDT.
Why Carnival Corp, Royal Caribbean, and Norwegian Cruise Line Stocks Are Surging Full-Speed Ahead Monday
Saudi Arabia to the rescue?
What happened
Call it a light at the end of the tunnel, or a new dawn breaking on the horizon. Whatever you call it, cruise line stocks are racing to catch it today. Stocks are broadly higher in afternoon trading (the S& P 500, for example, is up 5.7%), but shares of cruise lines Carnival Corp (NYSE:CCL), Royal Caribbean (NYSE:RCL), and Norwegian Cruise Line (NYSE:NCLH) are leaving the rest of the market in their wakes, up 25.3%, 18.4%, and 18.3%, respectively as of 1:45 p.m. EDT.
You can probably thank Saudi Arabia for that.
IMAGE SOURCE: GETTY IMAGES.
So what
But first, the macroeconomic news. In Europe, we' re beginning to hear rumors of a decline in the fatality rate of COVID-19 infections in Italy and Spain. And in the U.S., Vice President Pence is talking up " glimmers of progress" in efforts to slow the spread of the novel coronavirus, while President Trump says he sees a " light at the end of the tunnel."
All of this news has stock investors ebullient that the crisis, while not at an end yet, may at least have an end. That' s why stocks are up broadly today -- but why are cruise line stocks up so much more than average?
Today it was reported that Saudi Arabia' s sovereign wealth fund has purchased an 8.2% stake in Carnival Corp. The fact that at least one investor doesn' t think cruise lines are doomed -- at least not this one -- appears to be spilling over to benefit other stocks in the industry, and so while Carnival is naturally the stock benefiting most from this headline, shares of rival cruise operators Royal Caribbean and Norwegian Cruise are enjoying strong gains as well.
Now what
Will the momentum last? With shares of Carnival stock still down 84% over the past year, Royal Caribbean down more than 79%, and Norwegian Cruise suffering an even bigger 85% drop, one could be forgiven for thinking there' s an awful lot of upside to these shares right now. After all, when valued on trailing earnings, Carnival stock is selling for just two times what investors might presume it could earn when things get back to " normal," while Norwegian and Royal Caribbean aren' t much more expensive at 2.2 times and 2.9 times 2019 earnings, respectively.
Granted, given the recession this industry is heading into, it' s unlikely any of these companies are going to earn a profit this year. The hope, though, is that 2021 (and subsequent years) will look a lot more like 2019 than 2020, earnings-wise.
Of course, before that happens, the cruise lines are going to have to convince travelers that it' s safe to sail on their cruise ships. Any volunteers?
Maybe genting hk should offer free cruise and membership for shares holders to make up for those cancelled and postpone cruise tourist
One word to describe the cruise industry , Lim KOK thay and genting hk , SICKENING.
Everything happen got to blame on trump , these guys was racist and most probably a kkk .
Observers ( Date: 12-Mar-2020 08:38) Posted:
| Cruise industry destroyed by Japan' s covid19 handling of diamond princess. Maybe they purposely one since Japan govt already started the bidding for casino licences in Japan, they want to destroy the floating competition. |
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Cruise industry destroyed by Japan' s covid19 handling of diamond princess. Maybe they purposely one since Japan govt already started the bidding for casino licences in Japan, they want to destroy the floating competition.
Kok thay `s son , eversince appointed deputy CEO lim keong hui was a jinx to genting HK , whole year lost , no dividend payout , and this year dividend unlikely due to corona virus , over invest and over gearing ,no experiences and exposure to cruise business , share prices plunge .
Lim kok thay being chairman and CEO , his deputy and directors of getting hk should take full responsibility and to have voluntarily withdrawn from receiving all directors fee and remuneration for this year 2020 , inview of the coronavirus issue and the total stoppages of the cruise business .We may have to question his integrity when he has request the senior hk staff to take a pay cut , when he never lead by examples and refused to do so in the next agm .
Worst of all was Kim kok thay shareholding are mostly over gearing to the limits , and most fund are shuffling between one company to another's
Genting HK shares maybe affected by the China wuhan virus news
