sharemarket21 1852 posts | Posted by sharemarket21 > Sep 19, 2022 9:59 PM | Report Abuse The share price is stabilizing and holding up well compared to others. Let's wait for one of the biggest tourism opening up soon or just a matter of time. Let's hope and see the Macao casino venturing saga. There is no loss if they failed to clinch the deal but what if the odds come true. Anything below 3 and from 2.70 is worth to consider. Keep your dividends safe first. |
Agjl 5463 posts | Posted by Agjl > Sep 20, 2022 12:53 AM | Report Abuse The last hour submission all seems very suspicious…my feelings is GENM got the blessing to submit the bid in the last hour from someone top in mainland. Dont forget Prest Xi os grateful for GEN LKT effort for the succes of the winter games in one of Snow field develop by LKT. GENM is definitely a dark horse for the bid |
Olivergamble0281 63 posts | Posted by Olivergamble0281 > Sep 20, 2022 10:30 AM | Report Abuse GENM drop below 2.5 then ready for next all in |
sharemarket21 1852 posts | Posted by sharemarket21 > Sep 20, 2022 11:41 AM | Report Abuse Yes if it can go much lower and why not. Just don't miss the opportunity in this trying time in Bursa. The first signal will come from RM reversing the US currency trend prior to any positive general sentiment like tourism and one of the world leader opening up their economy in full force. Last but not least slim jackpot chance on the international casino bidding. Hopefully it will spill over. |
Agjl 5463 posts | Posted by Agjl > Sep 20, 2022 12:10 PM | Report Abuse Dificult to drop below 2.50 at least for the time being. Anytime below 2.80 will see interested parties buying in |
WinBigOrLoseAll 1273 posts | Posted by WinBigOrLoseAll > Sep 20, 2022 5:37 PM | Report Abuse it is good to setup the new casino in Macau, might consider to shut down the Casino Malaysia as you know the biz is not welcomed here and the tax will become ridiculous higher and higher. Just focus on the theme park and tourism in Malaysia better |
DestinyL 4714 posts | Posted by DestinyL > Sep 20, 2022 10:15 PM | Report Abuse ??? lol |
DestinyL 4714 posts | Posted by DestinyL > Sep 20, 2022 10:16 PM | Report Abuse You better change your nick to LoseAllAndWinNothing |
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DestinyL 4714 posts | Posted by DestinyL > Sep 20, 2022 10:17 PM | Report Abuse https://nodepositnow.com/genting-might-help-struggling-macau-concessionaire/ This post does seem logical, bailing out an existing operator in dire condition (SJM) |
DestinyL 4714 posts | Posted by DestinyL > Sep 20, 2022 10:22 PM | Report Abuse Or maybe this was the undoing for MGM who might kinda have provoked LKT by trying to offer him a takeover offer for GenS, by putting a feet in Macau gaming, lol who knows? |
WongGK92 192 posts | Posted by WongGK92 > Sep 21, 2022 12:55 PM | Report Abuse Gambling business is not easy to manage. Have to tackle local government as well as local 'gang'... |
Agjl 5463 posts | Posted by Agjl > Sep 21, 2022 3:31 PM | Report Abuse Like i said few days ago ehen everyone is skeptical price will move up. Insiders knows better |
DestinyL 4714 posts | Posted by DestinyL > Sep 21, 2022 3:51 PM | Report Abuse That's why you only buy the share, let the experts run the show |
Agjl 5463 posts | Posted by Agjl > Sep 21, 2022 4:15 PM | Report Abuse Analysts commenting even if got the locense for Macau its still a sour deal…i think getting a foothold in the business and a piece of action is a prelude to many good thing to come. Someone mentioned klt may exit local gambling and just focus on theme park which i do think there is a possibility looking at how toxic is the policies here towards one of the buggestvtax payer to the country |
Agjl 5463 posts | Posted by Agjl > Sep 21, 2022 4:16 PM | Report Abuse Somehow its very fishy how genm can submit tender in the very last hour. It has to be well connected and well informed from the top level in China. |
Agjl 5463 posts | Posted by Agjl > Sep 21, 2022 4:18 PM | Report Abuse Winter olympics held in a world standard snow field has won some brownies point from president Xi. Anyway things can go either side. Macau license is just one of the few deals that is in the pipeline |
DestinyL 4714 posts | Posted by DestinyL > Sep 21, 2022 4:20 PM | Report Abuse I'm more worried about short term cashflow again, possible dilution |
DestinyL 4714 posts | Posted by DestinyL > Sep 21, 2022 4:24 PM | Report Abuse If LKT keep pulling off new stints, all these are at the expense of most retail investors who aren't interested to be holding on for 10 year reward, while dividend might suffer in between |
DestinyL 4714 posts | Posted by DestinyL > Sep 21, 2022 4:25 PM | Report Abuse For LKT, he would happily getting heavenly reward while doing his job |
WinSSP 323 posts | Posted by WinSSP > Sep 21, 2022 5:00 PM | Report Abuse Things only started opening up since April this year, now only Sept, after 2 years of debilitating covid pandemic. I visited GenM, GenS, MbS…all good business mah. Must wait to see if results kept improving mah. This is not gloves counters la…not highly speculative. Those not confident of genting, can choose not to buy mah. Those want to bet for the future, let them hold lor. Happy? I look fwd to genting’s divvy payments soon |
WinSSP 323 posts | Posted by WinSSP > Sep 21, 2022 5:12 PM | Report Abuse Agree @Agjl. Genting snowpark’s investment in China bore fruit so far |
WinSSP 323 posts | Posted by WinSSP > Sep 21, 2022 5:31 PM | Report Abuse If macau’s licences not prestigious, why on earth those existing 6 casino groups still want to bid? |
Agjl 5463 posts | Posted by Agjl > Sep 21, 2022 6:44 PM | Report Abuse We have to face the reality now.. the years of quick bucks are over..at least for the time being. Its goodbto stay defensive at the moment and yet still investing. Agreed with destinyL, short term cash flow may be affected. But doing business always come with a cost..the question is how big is the cost and how big is the return.. |
Agjl 5463 posts | Posted by Agjl > Sep 21, 2022 6:45 PM | Report Abuse Macau gaming used to be very lucrative before the Chinese goverment clamping down on mainland high rollers |
DestinyL 4714 posts | Posted by DestinyL > Sep 21, 2022 8:33 PM | Report Abuse Agjl, I'm not too overly concerned about increasing gearing for new ventures It definitely is a good venture However, they ventures are just too frequent in too short time Skyworlds investment only just rolled out, and here we have another venture I'm not concerned with 1 investment in a year or two, but successive investments before the other investment gain footing is a bother. It is never ending growth on leverage. If Genting has big portion of the cash to spend on investment, I'm totally fine with it. But here we are gearing up and up Net gearing past 5 years: 1.57, 1.77, 1.83, 1.95, 2.29 (above 2 is already a warning sign) |
DestinyL 4714 posts | Posted by DestinyL > Sep 21, 2022 8:37 PM | Report Abuse New investment, sister company bail outs, personal bailouts, these are definitely not alien to Genting group of companies. And minority shareholders have basically no say! |
DestinyL 4714 posts | Posted by DestinyL > Sep 21, 2022 8:42 PM | Report Abuse Let's say GenM does manage to pull this off and Macau is now in Genting's portfolio Let's say something the scale of Yokohama IR just pulls up again at the front gates perhaps in early 2024 and LKT has to satisfy his ambitions again, how do you feel about that? You're not going to taste a piece of the pie, at least not for another few years perhaps (assuming his ambitions suddenly dies down). In between, we perhaps will get another recession maybe. Another muted year or two again! |
DestinyL 4714 posts | Posted by DestinyL > Sep 21, 2022 8:45 PM | Report Abuse Mind you, Genting gearing isn't like gearing for property developer or O&G, where the term could be 6 months to 2 years. For Genting, it would be far longer term to bring down the gearing. |
sharemarket21 1852 posts | Posted by sharemarket21 > Sep 21, 2022 10:23 PM | Report Abuse The Covid-19 strike out of no where and destroyed many conglomerates businesses. GenHK announced winding down and GenM was not spared either until last few months, momentum was back on track. The stock performance withheld one of the strongest resistance and overcame the difficult period of time simply because of the optimistic forward looking perception. Comparing to quick hype other sectors and now share price performance suffering to the max due to Bursa lacklustre, at least GenM and it's Group survived. This was also due to a group of strong fund managers who have strong faith towards their recovery process and obliged to support the stock. Let's be patient and wait for the full recovery be it in the tourism industry and economy back to full force, then one shall only gauge their actual performance. 15-20% return has to be the first target. |
bullmarket1628 3711 posts | Posted by bullmarket1628 > Sep 22, 2022 6:59 AM | Report Abuse Fed rate hike: US interest rates hit 14-year high in inflation battle * By Natalie Sherman * Business reporter, New York 21 September 2022, 19:01 BST https://www.bbc.com/news/business-62973376.amp The US central bank has pushed interest rates to the highest level in almost 15 years as it fights to rein in soaring prices in the world's largest economy. The Federal Reserve announced it was raising its key rate by another 0.75 percentage points, lifting the target range to 3% to 3.25%. Borrowing costs are expected to climb more - and remain high, the bank said. The move comes despite mounting concern that the cost of controlling inflation could be a harsh economic downturn… |
bullmarket1628 3711 posts | Posted by bullmarket1628 > Sep 22, 2022 7:07 AM | Report Abuse Wow, Fed Hikes Interest Rates 0.75 % lifting the target range to a record high of 3% to 3.25% Like that today GENM will be limit up already liao lah ! Heng ah, Ong ah, Huat ah ! |
PorridgeRice 54 posts | Posted by PorridgeRice > Sep 22, 2022 11:40 AM | Report Abuse i love love love love love to see those *expert* act smart and analysis the market and then keep saying it will rise rise rise and rise, but lastly when it goes down, i laughed so badly because those comment will suddenly gone, deleted |
WongGK92 192 posts | Posted by WongGK92 > Sep 22, 2022 12:03 PM | Report Abuse But Public Bank rise GENM's TP... |
WinBigOrLoseAll 1273 posts | Posted by WinBigOrLoseAll > Sep 23, 2022 3:29 PM | Report Abuse do you think mgmt simply bid for the license without considering on the funding? leave it to the mgmt lah, this is their job. certainly they already got the plan on how to get the fund if they win the license, you think playing masak ah, happily waste money go bid and when win then give up again because no money to execute, wanna let people laugh die you is it |
WinBigOrLoseAll 1273 posts | Posted by WinBigOrLoseAll > Sep 23, 2022 5:24 PM | Report Abuse the current downtrend must due to the coming Budget, very likely Gov will potong Genting again, sin tax is always the best income |
StartOfTheBull 7352 posts | Posted by StartOfTheBull > Sep 23, 2022 6:20 PM | Report Abuse Analysts predict no additional sin tax will be imposed this coming budget but investors may think otherwise. |
NatsukoMishima 6702 posts | Posted by NatsukoMishima > Sep 24, 2022 9:24 AM | Report Abuse Genm extra high debt will be a boom in high rate cycle n great recession ! Dont touch travel stock ! |
DestinyL 4714 posts | Posted by DestinyL > Sep 25, 2022 2:53 PM | Report Abuse Nobody (including noob) will think that management does not have the ability to raise fund for Macau. It is not a question of if, but how. |
DestinyL 4714 posts | Posted by DestinyL > Sep 25, 2022 2:54 PM | Report Abuse Which is why I already sold off all my stakes in GENM when I sniffed the news |
Tashan 129 posts | Posted by Tashan > Sep 26, 2022 7:38 AM | Report Abuse Many industrial sectors are leaving for elsewhere. They are smart investors and looking after shareholders' interest. Macau is at it's lowest level. Don't you wish you could buy at lowest level always? |
DestinyL 4714 posts | Posted by DestinyL > Sep 26, 2022 8:39 AM | Report Abuse Lowest doesn't equate good lol Even good company at wrong price is not a buy! |
Tashan 129 posts | Posted by Tashan > Sep 26, 2022 10:03 AM | Report Abuse Still here after selling out betrays a lack of confidence in your decision. |
DestinyL 4714 posts | Posted by DestinyL > Sep 26, 2022 10:22 AM | Report Abuse Oh I'm still vested in the parent GB, and I've been here for far too long to suddenly quit... Maybe 2 yrs+ Also my holdings in GenM is far lower, which makes it an easier call Hope they don't turn to GB for RPT |
DestinyL 4714 posts | Posted by DestinyL > Sep 26, 2022 11:19 AM | Report Abuse https://www.asgam.com/index.php/2022/09/24/china-to-resume-evisas-package-tours-for-mainland-visitors-to-macau/ Macau Casino industry is a boost, but at what cost? |
DestinyL 4714 posts | Posted by DestinyL > Sep 26, 2022 11:21 AM | Report Abuse The true opening for Macau will probably only come when there is no quarantine requirements at all |
Michael_chan2022 3254 posts | Posted by Michael_chan2022 > Sep 26, 2022 12:29 PM | Report Abuse wow... really red red everywhere |
PorridgeRice 54 posts | Posted by PorridgeRice > Sep 26, 2022 1:53 PM | Report Abuse haha, where is those *act smart* people who keep saying up up up? why suddenly so quiet? |
ivanlau 1317 posts | Posted by ivanlau > Sep 27, 2022 8:36 AM | Report Abuse sooner or later u will see socall - " first day " aka " last day" laosai guru post article ask you all this is long long long long term investment , don't panic ....... bla bla bla.......... |
DestinyL 4714 posts | Posted by DestinyL > Sep 27, 2022 9:54 PM | Report Abuse https://www.gaming.ny.gov/gaming/index.php?ID=5 Wow New York rules are so transparent, you can see month to month gaming win statistics |
DestinyL 4714 posts | Posted by DestinyL > Sep 27, 2022 9:56 PM | Report Abuse There is long way more to full recovery for RWNY, in terms of credits played |