LKT does not care about AGM or what investors think, as it has very little impact on his wealth generation as it also factored in the small price movement! If he worried about share price he would have taken action to promote share price! Like other ceos do.

@AngTayKor…..ok sir, no more complaints ….let’s be positive and hope Genting price settles above 5.20 at least. To be fair rally we had is from a very low base.we need a new price beating the 2023 high!

Waiting for this postive chart people are speaking about to take affect soon. A good rally is not 10 sen! A good rally should be at least 10%. Staying hopeful but also aware of the reality. 1st qtr Results are known by the insiders.

Business growth, Malaysian economy growth, high level of tourists visiting Malaysia, charts of all sorts mean nothing for this counter as it is manipulated big time ….problem m at the heart is CEO private entity and family own large chunk of shares in all Genting entities ….which is basically a conflict of interest with the listed company shareholders …..Genting is being used as private entity with the legal protection of a listed company ….with poor checks and balances in place.

All this tax business does not explain the performance of Genting group, it is a diversified business. In my opinion the damage is done by poor governance behaviour …..investment in Empire by a private entity owned by the boss and than realising it is incurring losses dumping to Genting ….dumping of shares to cover losses in Genting Cruise business,rewarding yourself highest pay, announcing business activity which never Haines and straight away dumping shares ….all these cause havoc with investors.

Most of global markets are in a bull run……but here and in particular Genting, is completely lost.

Choysun, let’s see. I see it differently, charts apply to companies who play it straight based on volume of trade. But here we have elephant in the room who can do unexpected things. Difficult to call. The results are known, I would have expected much more buying ahead of 25 May?

Best Qtr won’t make a difference. Let’s see, I may be wrong. People buy shares for income or and capital growth. Capital growth happens when net people buy the shares and not sell. In case of G there are net share sellers….

I can see chart action!

Special dividend? Share buy back to improve EPS? That’s what good companies are doing specially when share price is below valuation by a good margin I guess not as there is considerable debt in the books and poor performing and draining Empire resorts dumped on Genting.

Agree genting should be well north of 5.40. Let’s see. Luckily I make my money in US and recently UK markets.

Yes, sure charts are important, and I have been following them since 2011! Thinking the down trend is over. What charts don’t reveal is the behaviour of the owner as they are not based on business but liquidity needs elsewhere!

Genting, May go past 5 but won’t stay there as we know there are insiders selling ……if the results were so go good we would have seen some action ahead of 25 May. Let’s hope impairment tool is not used. Cost control is major issue with this group.

Foreign institutional investments are peanuts. Blackrock up, but what % holding! Also others are selling as the price has done nothing suggesting net redemption I.e more sellers than buyers.

Watch out for ParkView mgt holder of 45% of shares…..this is the private entity….who trade a lot in Genting group,of companies and the cause of some of the issues….in my humble,opinion. Proper institutions including international fund managers hold 23 % which is less than a normal for a good company…lot of these investors are passive long term …I wonder what they think of this continued under performance and governance issues. Even Yinson’s long time CEO has resigned …as new thinking is needed in this changing market, old strategy won’t do….!

Little rise and it is halted. All due to governance and behaviour issues of the owner and his side kicks. Nothing else. Everybody agrees about the value, but the institutions that matter don’t as they like to invest in companies that the major stock holders treats it as his personal
Bank account and a private entity.

It is obvious nobody trusts this counter

Don’t count the chickens too soon! GB results could be anything from sublime to ridiculous…remember a tool called impairment charges can be used. Also the business growth and recovery was never in doubt it is more about when share dumping would start by the stakeholders. Million dollar question. We should already be 5.75+ based on previous and nit current performance. Empire resorts and future offloading hopefully won’t be repeated? We live in hope,

Let’s see the upcoming results and subsequent AGM…I am travelling but will try attending electronically.

Neohts….unfortunately even if the business performance is good there is strong possibility price won’t rise as the share dumping will start …..as nobody has faith in the actions of the boss…party related transaction or dumping shares to invest in something else, etc…THIS IS IMPORTANT to UNDERSTAND FOR SHARES TO RISE CONSISTENT BUYING HAS TO EXCEED SELLERS…. this is why companies who think there share price is low opt for share buy back buy in the open market to cancel….shares resulting in share price rise and growth in EPS which in return attracts new buyers. Nothing like this happens with Genting only dumping of shares By key stakeholders Includingnthis thst May hold as collateral. INCLUDING THSOE THST MAY HOLD THE SHARES AS COLLATERAL. WHO KNOWS . Don’t forget boss private investment entity is run as business to make profit and is more proactive …then Genting the listed entity. That’s why management don’t care about Genting share price. From business viewpoint Genting valuation is 8+ RM using discounted cash flow method of valuation. So business is undervalued ….but share price lagging behind for the reasons stated.

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2024-01-11-story-h-210558657-Genting_Malaysia_More_Empire_Preference_Shares

Killed Genting …..very bad move

Genting is the worst performer in medium size companies in the Bursa for sure….management have no clue or incentive to deliver share price growth….boss only uses Genting shares for collateral ….no share buy backs or monetisation of assets …listing or selling of assets only announcements are dud announcements so that he can dump more shares.

Stampid….even if the results are excellent it does not translate into higher share price! That’s the problem with Genting. It has already recovered reasonable well…better than others whose share price has risen. It has to do with lack of trust and governance issues. It is run by the most useless folks and poor share performance has been since 2011.

Genting is not doomed for sure! Basically it is a useless Listed company, it essentially behaves like a private entity of LKT and family. Genting is not independent and certainly not governed independently. Boss has been ceo for ever and so. Deputy ceo! The independent board members are all yes men! Genting listed companies function as a cash cow for LkT private company. There is no incentive to do anything as boss is happy with his wealth generation using the listed entity, through share manipulation, party related transactions getting rid of loss making companies from his private investment to Genting. Makes losses on Genting cruises business and dumps large no of Genting shares to cover losses in open market. Pays high dividends even when company balance sheet does not justify it as he needs money for other things! This is the reality. Genting needs a western CEO or a foreign who is a professional manager from outside the industry! So on conclusion it a corrupt set not to serve the interest of listed company shareholders. Best hope for shareholders is selling of the business which can attest valuation of 8-10 RM at least. But this won’t happen. He won’t even try listing in US despite US business as listing won’t get approved and he wont be able to govern as he does now!

Meant to say, Not be allowed to be listed.

Genting is not doomed, for sure. It is simply useless lites company. It behaves like a private company and boss has dealing in his private company, hence party related transactions. Private entity of Boss uses listed Genting entities as cash cows …. No pressure or desire to do anything as they make money through share manpualtions, high salary, share dumping, party related transactions at disadvantage to Genting the listed entity. In fact they should be allowed to be listed… this my opinion. It Genting was to be sold it probably will get 8-12 RM per share assuming a buyer is there. This is a reality, Genting set up to serve the interests of its major shareholder and his family. Needs western educated professional CEo to run the business sadly I hate to say this! Totally corrupt set up.

Investors have lost confidence in Genting, after the getting The boss got Genting to buy Investment in Empire resorts from LKT private investment vehicle…at a profit when Empire is making losses! This is basically fraudlemt in my opinion ….or at least unprofessional and the investment ,emt should not have been approved but for significant share holding by the family. It does not end here, as Empire needed fresh funds for working capital further investment was made by Genting….this was picked up by Kenaga and May bank analysts and in my opinion Genting has continued to under performance since than. It shows the boss does not care and can use listed company as his piggy bank. Significant governance issue surprised this kind of behaviour is accepted by the Bursa.

Yes we all know Gentings operations have surpassed 2019 pre covid level….yet the share price which matters most is in doldrums…..why? Well we know why? There is trust deficit in the company is due to poor governance , know body trusts what will be dumped or invested in making it unpredictable and unreliable. No other reason. Has anybody noticed sale of parcel of land in Miami attracted lot of interest and share price reacted only to be a false alarm….this sort of thing make Genting very unpredictable. Stay alert.

Genting denies any mobile casino investment. WHat a relief ….otherwise more shareholder ripping …..party related transactions, discounted share placements etc etc!

To be honest i would not trust any of these tycoons who use listed companies to bleed money for shareholders….poor governance, no cost control, reward self high salaries, heavily discounted share placements, for their own benefit, party related transactions, dumping of shares, etc. casino business is old, need to move on

We are in this forum because we invest in Genting and want it to do well. However, it is frustrating we know it is undervalued theoretically based on book cost and fair valuation using cash flow, earnings per share etc metrics. The boss major shareholder is not interested in promoting the company to shareholders….as he has no incentive whats so ever, as he can generate profit / earnings just by doing
nothing, there are no roadshows to analysts in countries where they operate etc…very low key. Even TauRX, I am surprised Genting was used to invest rather than boss private investment vehicle? Reason, probability of success is low at least at the onset. For TauRX, the US scientists still don’t believe, there is sufficient end point data and the placebo issue to conclude on TauRX. I will remain invested despite all this. We need to be positive despite the tough reality.

Non Exec members on the Board are Yes men! Hence no real governance. Highest paid CEO and deputy CEO in Malaysia and beyond.

Just read the 2023 annual report. Couple of things stand out. On page 26 it clearly states investments held by chairman and ceo compete directly with Genting! Conflict of interest. This is no no! Secondly the deputy CEO is CEO’s son….so much for governance! I had not realised this, father and son and yet the report goes on about how governance is managed, risk management culture and so on, full of bull shit. This is why the wider investment community lack trust in Genting and this has been covered by some of the analysts as well.

By the way…..Genting is a classic shortlist counter as it is in long term downtrend since 2011 peaking around 11 + and it stages rally within a range….so please don’t be fooled investors who shorted have made money for sure ….Shortist is one who sells shares they don’t own …they hope to buy back cheaper ….so if you say there is a pattern between 4.40 and 5.20 than you would sell at 5.20 and buy back at 4.40 or any where between this range. Only Robles is a catalyst like TauRX can blow the shortist or a take over.

i think we should gather / formulate key pressing questions that would be useful to get answers to….from the AGM.

1qtr results are known…. internally, let’s see if we get a purposeful rally….otherwise more impairments will suddenly emerge from somewhere. Impairments by the way are arbitrary and subjective…most auditors don’t get too concerned as impairments reduces profits and can be seem as being conservative as opposed to lifting a provision or write back of impairments…..

OnTime…..I agree don’t like sell! I invest like many others because it is undervalued. Net asset value is around 8.60 and fair value any thing between 5.40 and 8.60 and with potential of TauRX making it an attractive investment….so I invest it! I am invested elsewhere so no big deal….what really get me is the apathy amongst sum folks in this forum and blind support for Genting…I suspect this due to bias by some. I see so many things wrong the way the company is run! Poor, governance etc. there folks here when the price collapses from 5.20 to 4.50 they keep quiet when it rallies to to 4.57 they say what a recovery! The down trend is from 11. Rm established in 2011….one of the poorest mid size companies in Malaysia. We will know doubt get a rally to possibly 5 and then back down again. Share Price is based on more people buying than selling…btw.

Goodguy88…..PMsupport for Hamas and Palestine the reason for outflow? Read the article properly, you will find region is impacted….inlcudes, Thailand, Vietnam, Indonesia! Me, I am very proud of Anwar…moral value and standing for the vulnerable is more important than being a slave!

Speak up…correct….trust deficit, due to past actions and governance issues. No action is taken to address this…most listed entities who have fiduciary duties to shareholders will take action to improve sentiment…Gentings cant be bothered. However, we are not forced to invest i guess, me only waiting for TAuRX which will happen for sure. Peak achieved in 2011 is long gone.

Another point worth noting and reflects how a business functions is how long it takes to report statutory results, MBS, is able to report within 3 after period end! Genting will report 8 weeks after! No urgency or desire to report as quickly as possible. Different culture and mind set.

Please don’t compare Genting to MBS! Completely different set up. Group CEO Goldstein is not family member. Main shareholder at least recognises and appoints independent CEO. Company is very well run, no insider dealing, no dumping of shares in open market no third party related doggy transactions, and finally use of impairment charges to manipulate bottom line. Overpayment ent of dividends when boss needs cash flow etc etc. no matter how much business prospects grow …bottom line improves will not necessarily translate into share price growth! Just few percentage here and there and dumping starts. All controlled. One of the worst in Bursa! Only saviour for a short period will be TAuRx. At least Taurx is above board….but is a private entity. Genting is carrying the investment at book cost.

Genting Group wont be allowed to list in US market as it won’t meet the regulators reporting requirements, and if it did it is more likely to get fined. If it really wants to make Genting attractive then it should look to list in US!

People just don’t get it! Genting share price has been underperforming since 2011 well before CV19! Why the underperformance? As i have highlighted, before there are many reasons. Poor governance generally, no change in CEO for last 20+ years despite poor performance. Highest remunerated CEO in Malaysia and other countries as well. Share dumping, in open market by key stakeholders, after dubious announcements, interested party related transactions where by poor performing investments held privately are sold to listed Genting entity, at inflated value, use of impairment charges to manipulate results as these charges often there is lot subjectivity, no promotion of company to generate interest via analysts meetings and holding capital markets day etc. Declaring high dividend when company cant afford it as owners needs cash to purchase other investments or to cover losses, eg like Genting Cruise. Only way price is going to rise any where near 8 RM is if TauRX becomes a reality! Otherwise Genting will continue to under perform even if sales and profits recover!

Good results improving results no impact on share price due to other company specific issues …this has been case for some time. Underperformance since 2011….unless there is a windfall giving a very short term opportunity to exit this performing company.

TonsilBasher…I hear you ironically….Chinese can gamble as much as possible but it probably will not translate into higher share price….for that you need more people,buying shares than dumping them them including the boss! Share price rise means more people,are buying than selling….that’s why good companies like in US market see tremendous returns for their shareholders unlike Malaysia. Lack of governance and insider dealimg

No wonder Empire City was making huge losses…and that’s why Genting boss sold it and passed it on to Genting berhad a listed company I am sure for a nice tax profit…..This is a an issue why Gentings will underperform….

Malaysia G promises 1B in taxes! Sounds very desperate way to do business …besides it can be seen as a bribe and unfair competition. Taxes are based on profits generated …or are they referring to sales tax …sin tax …..very strange business strategy

It is undervalued because investors are concerned with manipulation…
Yes it is undervalued fair valuation could be 8+ but share price is going no where when dumping starts. I invest in U.K. shares I don’t see this sort of behaviour private placements, selling own private investments to listed entities, timely write down of assets…dumping of shares in open market without much warning, no meaningful updates to shareholders….and yet some think it is led well🥹🥹🥹!

Can’t even present results and promote the company, cant face analysts as independent professional CEOs do. Just watch results presentation by say Rolls Royce of U.K., Aeronautical and not car business….the presentation is electric and informative… gives confidence to shareholders …and he is paid less than Genting!

I am afraid business growth does not always translate into share price growth for a simple reason, share price is determined by supply and demand. I agree normally share price will reflect business peformance, but sadly in Malaysia there are many founded owners from legacy …and these guys play havoc with share price quite often dumping shares in open market armed with inside information making stock market an uneven playing field. Case in point is Genting for example, one of many, this share is plagued with party related transactions, selling interests to listed entities from their private investments, write off of assets, promotion and dumping, private placements with heavy discount, bailing out private held investments etc etc…all,examples of poor governance