Reversing already

Still struggling to get over 5 mark! It’s incredible given that even before Taurx potential price should be 5.70 in any case. Suggests there are many investors bought above 5 looking to unload

This could be a false alarm again…but we are getting very close for a positive outcome if not now than later this year.

https://www.businesstoday.com.my/2024/03/05/all-eyes-on-gentings-taurx-alzheimer-phase-3-trial/
We know that approval update is not forthcoming at the conference, however the results of the extended test data will be revealed and discussed at the conference with industry experts. The outcome won which will indicate whether there is a strong probability for CA from the regulatory bodies in UAE, US and U.K. This should be sufficient cause excitement and rerating of Genting share price. Let’s see. Risk / reward on balance is to remain invested or increase investment!

I thought the results will be presented 2nd of the conference.

Get somebody like Tufan E Turkish CEO of Rolls Royce plc aeronautical company, I promise he will sort out Genting in 1 year….he is master of turn around and he is on GBP 1 m plus salary, share options. He is not demand …..the problem is he will find many things thst are being done not to make profit ….!

I honestly think Genting needs a new CEO perhaps from another country and industry….need a professional business manager and not shareholder. Pay should not be an issue as current incumbent earns top tier compared to international markets…in fact he is over paid, fresh blood will invigorate share price

I am sure people in this forum will be happy to learn that IAG (British Airways) made GBP 3b profit increasing by 600% from last year and yet the price fell 3.9% ! Annual profits made up 50% of the value of the business …Shockingly undervalued .We are not alone😀😀. The reason cited, management are very poor in communicating and strategy is also prone to surprises. Sounds very familiar.

Genting P also poor full year results like Sing! What are these guys doing when all other business are recovering Genting is all over over the place. Let’s see tomorrow what holds …

Closing of casinos means more impairment charges,😡in the pipeline.

Good move to close old casinos! Really, why was it not done earlier? Always chasing the game…quite obvious hoards of Chinese tourists have not materialised and further more those that have come are not going to casinos old or new. Makes you wonder how this business is being managed …had so much time during CV19 to review business model and strategy ….! Let’s see …the creating accounting n7menrs when they are presented nobody knows when..not even publised in their web site…these are annual results important ones and here were assuming that will be Thursday/ Friday. So unprofessional when you compare to modern businesses.

Lot of selling but being absorbed so there are buyers…which is encouraging…..sign ! Who is absorbing the sells?

Still looking on how to I’m feast impairment charges!

Such poorly managed company they can’t even state the date of the results on their web page under investors !

Sales are being absorbed that means there are buyers!

On same token of very bad there would have been lot of sales? Probably profitable but not in with expectations! Our expectations based on results to date is that the price should be 5.7 or thereabouts in any case. Unless sales slump across the business units.

No need to sell, it is just Singapore other results may be ok….also there may be certain announcement!

We know 2023 full year will generate higher profit than FY 2022, however the final quarter may show lower profitability …as was the issue with Singapore ..with no previous warning or indication ….as it should have been flagged during 3rd Qtr results! Also no update on Miami land sale. All gone quite which suggest to me there were really no real buyers in the first place just interest.

As a minority shareholder we need to be vigilant of big sell done followed by announcement on Taurx for example…this can happen in March or perhaps later. Public announcement as well trade suspension will controlled by Genting .. this is also a possibility, who knows.

Good discussion what the real issue is here. We are beginning to understand what is the cause of underperformance. The business post CV is recovering well, but the issue is the boss holding majority of shares and therefore minority shareholders are impotent. He can’t be removed as CEO and even business deals such Empire resorts transfer to Genting cannot be challenged nor can dividend payments …as the boss is in charge firmly in all business units as well Group company. This in itself is highly unusual. It is very frustrating being shareholder as we all want to make company from a business that has done well in the past. To make money we need Genting to operate as a listed company operating in open market conditions!

Sure they may be right, but these surprises are all too common with Genting …. This time it is impairment suddenly next time something else or as was few weeks back transferring more shares held privately in empire resorts to Genting! Company lacks governance and professionalism I would say …needs to CEO from outside to get credibility not a family member.

Good old dreaded impairment charges…these charges go up and own like yo yo. This is called Creative accounting ……let’s see what impact this has on the group as well as if other business also have elevated impairment charges …often referred to as black box!

Keep kicking the can down the road next quarter, the following quarter and next quarter after that and so on. Business is unstable …with poor cost control.

See the headline focus on full year results as opposed to last quarter. No explanation notes etc. when you watch major western companies results presentation, there is granular data explanation and the CEOs are so professional as they have to be otherwise they get sA ked by shareholders. I watched Rolls Royce live presentation including questions from analysts. It was absolutely brilliant . The CEO is brilliant…so is the CFzp we have monkeys ….there is no consistency from 1 quarter to another ..suddenly you find items written off in one period ….very difficult to read…..the results.

Excellent Genting Simgapore results $611 million net profit 80% higher y-o-y revenue up 40% to 1.5 b usda! Excellent well,done. Will it translate into higher Genting group,proce let’s see!

Never interviewed by TV channels like Bloomberg / CNBC etc …..as they not professional managers …and do t have a world perspective.

Poor snow no pressure results rally….Genting Sing also no activity …..very poor really. The management of these companies in Asia are not proactive…don’t know how to speak and market the company ….witht he exception of one or two ceos

Fair value using recognised valuation tools suggest the price should be 5.78 and the net asset value is 8.40 so this along with improving business environment and hopefully lowering of interest rates should mean share price rise. But as I said these positive metrics do not address owner disposing shares at will without warning ……or investing in poor assets…..this has created mistrust …only really good hope is Taurx as it will be potentially new income stream. Incidentally Miami land sale has gone quiet…when it was announced the price went up which followed by dumping of shares and then annocument that deal,was off! Very iffy.

Boss sells we do t get to hear about it until after case in point when Taurx news was announced, price shots up well into 5.30+ and it boss u loaded and we were told after the disposal ….too late ……price already collapsed. Boss gets advantage of first move ! Never real time! This happened on few occasions. Let’s see. Laws need to be changed for significant disposal …unloading 500 m USD is not small change when foreign inflows of 150m usd is regarded by Bursa as significant foreign inflow!

Genting S results close of business tomorrow. Genting following day ….price going no where …..results are known to insiders for sure ….yet price is neutral. Anything can happen …who knows

2023 full year results will be much better than 2022 is what I meant!

Michael - Chan, i disagree with your notion that we are lucky price could fallen below 4 in 2023! Remember 2023 results where way better than 2022 and price was higher! Makes no sense. According business recovery share price should be around 5.60 + for sure only reason is these wretched purchase of additional investment in empire resorts and other party related transactions ….this has caused immense distrust ….and is the main reason for under performance ….! We need to be honest about all this. The results will be better than 2023 unless there unforeseen charge in P&L such as degraded assets!

Huge selling pressure as soon as price rises …..it is is being absorbed ….makes you wonder.

Slow and steady more like reverse and steady. Even Dialog after reasonable performance has shot up.

Buy volume is almost 97% and yet price has just moved to 4.94…it is being held

Dumping of large shares in open market by boss is really very bad governance ..this has happened few times. Bursa announces such transactions after the event. The right way to sell large number of shares by boss is to do it out of market this way it is less of a shock and is controlled.

StevenChua….correct this is the risk which is keeping the Genting share price checked …as well party surprise party related transactions …which can come out of the blue like Getting Genting to buy privately held Empire Resorts investments at inflated price….this is the main issue. This lack of good governance is what is stopping Genting and reason for underperformance which began before CV 19 some 7 years ago. But you never know things may change. Shareholders Need to be vigilant when announcements are made in relation Taurx..big selling could be followed by acquisition of shares before an market update

Significant Resistance at 5.0 and all the way beyond….however sells get absorbed

Sing gent flyers results should be out soon? Perhaps today or early next week. Most probably next week as people are still on extended holiday.

Businesses of course are different …I was referring to shareholders …one has significant ownership by one individual / family as well as known poor governance standards which create uncertainty as at any time shares may be dumped in open market or some related party transaction can be made ..which causes havoc to share price. It does not mean Genting share price may not perform it is just that the risks from these actions are high and consequently we are seeing share price being held in a tight pattern.

Huge difference between Gamuda and Genting and for that matter CIMB in relation to shareholding and lack of independent governance. Genting suffers from owners share dealing and party related transactions.

Makes no difference to Genting B if Genting Sing is up or down…!

KooSan….well done. One very important principle in closed funds ( limited to No of shares issued) is that the share price is dependent on demand (buys) and supply (sells) …more buys will result in rise in share price and vice versa….totally independent of net asset value or business growth. Hence, share price can be manipulated by big shareholders particularly founding family. Governance is also an issue with a single large shareholder who often controls the company and the board. That’s why you need strong regulators and auditors!

Genting lost out from a big gambler from Singapore getting arrested causing havoc in the highway and could not spend big bucks at the resort! 😀😀 This could be a reason why the price has not gone up! Just a joke…moral of the story we all find excuses for share price underperformance …some have a case others jsut a fantasy!

We are getting into realms of fantasy if current owners will sell GB at this price! People don’t get it they can hold Gb price at this level and make money by buying and selling shares or buying poor assets from their non listed private entity and selling them for higher price to GB. It is big game. I feel people, really don’t know how share prices works and how a listed company should be run. The Bursa needs to do a better job to protect minority shareholders ….by being vigilant in share transactions or transferring of assets …than again there is conflict of interest as Bursa promotes activity and high volume ! That’s is a conundrum

All those expecting a price rally after CNY must be disappointed whilst index is up. All excuses can be found but the bare facts remain

Gamuda and Cimb motoring along …different type shareholders and of course better governance altogether …! We still have some hope with but it is not in the laps of ordinary shareholder but those who own 40% of the stock! They control the destiny of the where the price goes. If they need money for new private adventures we had it …they may source funds by disposing of large chunks of shares or pay themselves very high dividend instead of paying off debt …these are challenges with this stock.

Damp squib

Look at Gamuda go despite being Xd! Good governance company and clean.

I do believe in myself but that confidence does not extend to Genting however. But still we hope that we can make a return in a tight band …..share price totally controlled ….despite many Singaporeans rushing up to Genting resort driving like maniacs makes no difference. Watch out for big correction as that may be the moment when sudden uptick comes.