Very good Q1 2023 results. Tomorrow fly high.

up down very fast.
Anytime could free fall.

RM2.50 coming soon

Breaking 4.00 soon

Will go down to 3.50 end of the month.

Can everyone share with me why MoneyMakers hated Genting so much ?
1) Could it be he has loss a lot of money in Genting Casino ?
2)
3)
Please add on.

Taurx launching could push Genting share price up by how many %

Taurx - waited for so long ?
When can start ?

https://www.thestar.com.my/news/nation/2023/05/17/more-direct-flights-to-china-will-help-35-million-target

‘More direct flights to China will help 3.5 million target’

PUTRAJAYA: Malaysia is hoping to have more direct and chartered flights from China via strategic collaborations with airlines to achieve its target of 3.5 million Chinese tourist arrivals this year, says Datuk Seri Tiong King Sing.

The Tourism, Arts and Culture Minister said as of now, there are 175 weekly flights from China to Malaysia.

He was met by reporters at the launch of Xiamen Airlines’ inaugural flight from Chongqing to Kuala Lumpur yesterday.

Tiong said the flight marked an important milestone in boosting tourist traffic between the two destinations.

https://www.thestar.com.my/business/business-news/2023/05/16/singapore-airlines-swings-to-annual-profit-sees-robust-air-travel-demand

Singapore Airlines swings to annual profit, sees robust air travel demand
SINGAPORE Airlines Ltd (SIA) on Tuesday posted its first annual profit since 2020 and projected robust demand for the next year as it saw strong demand in bookings to China, Japan and South Korea, after pandemic-related restrictions fell away across the world.

James_Bond,
Pahang this year no state election.
Another 5 years lah.
If you wanted to push price lower to buy cheap, say so.

Hero vs Coward.
Hero is missing. Coward is selling.
All Luck and timing.

LKT know Q1 2023 result.
We don't know.
Bet BIG or SMALL ?

https://www.nst.com.my/business/2023/05/909465/kenanga-research-remains-upbeat-regarding-gentings-prospects

KUALA LUMPUR: Kenanga Research continued optimism on the future of Genting Bhd backed by the reopening of China's early this year and the opening of international borders.

Genting Singapore Ltd.'s (GenS) first quarter financial year 2023 (Q123) results, according to the research firm, exceeded market expectations, with its core earnings tripling year over year (y-o-y) as tourists flocked back in large numbers.

It said that the core net profit for Q123, which came in at S$131.2 million, was barely 20 per cent of the consensus projection for the entire year.

"However, we consider the results as within market expectation as we expect stronger quarters ahead for GENS as tourist arrivals accelerate," it said.

"We maintain our forecasts, target price of RM5.86, and Outperform call for parent Genting," it added.

joker

https://www.thestar.com.my/business/business-news/2023/05/15/airasia-commences-three-routes-to-southern-china-cities

AirAsia commences three routes to southern China cities

Just wait for next week Q1 2023 result.
Could be positive or negative.
Sell if you have no confident.
Buy more if you can hold for longer term.
Q2 2023 result factor in with Big Gain in disposed of Land in US.
Can you wai for so long ?

Sell in May and walk away mostly apply to Technology Stocks like Greatec, Penta, Fronktn, Inari, Mi, Grotronic and Dufu. Cannot apply to Genting Berhad.

https://theedgemalaysia.com/node/666796

MoneyMakers, can you read english ?

Genting Singapore triples 1Q earnings to S$129.2m

Genting Singapore and Genting Plantation result should be out next week.
Expected very good result.
If Q1 2023 no more impairment, Genting Berhad should be positive result,

Why keep selling when GenB Net Asset more than RM8 ?

Why Selling ?
Are sellers making profit or cut loss ?
Force selling ?

Everyday got someone accumulating before closing in big volume.

Can we share something that is useful and related to GenB.

Opportunity to accumulate more before Q1 2023 result.
Q2 2023 result sure very good with the sale of US property and share price up

A lot of good news but share price can't go up ? Useless LKT.

Taurx ? when ? waited for so long.

https://klse.i3investor.com/web/blog/detail/dragon328/2023-04-28-story-h-272368074-Genting_Malaysia_Miami_Land_Sale_Hits_a_Home_Run_in_the_US

If Genm wins a full casino license in New York, then Empire Resorts valuation will jump up by another US$4.0 billion or RM18 billion or RM3.03 per share for Genm to a potential RM10.20.

https://www.theedgemarkets.com/node/664913

Genting Malaysia’s Miami land sale set to boost ammunition for New York casino bid.
KUALA LUMPUR (April 27): Genting Malaysia Bhd’s proposed US$1.225 billion (RM5.433 billion) land divestment in Miami is set to reinforce the group’s financial strength in its bid for a downstate New York gaming licence.

Although the casino-and-resort operator has made it clear that cash proceeds arising from the divestment are meant for “general corporate and investment purposes”, analysts seem upbeat on the latest deal, driven mainly by the prospect from the downstate New York gaming licence.

JPMorgan analysts Jeffrey Ng and Sigrid Qiu said the exercise not only unlocks value of non-core assets, but also signifies that Genting Malaysia is preparing capital for its bid for a downstate New York gaming licence.

A LARGE WINDFALL for Genting M and Genting B

https://www.theedgemarkets.com/node/664824

KUALA LUMPUR (April 27): Gains from Genting Malaysia Bhd’s (GenM) planned disposal of four parcels of land in Miami measuring 15.47 acres (Miami Herald Land) for US$1.225 billion (RM5.433 billion) represent a large windfall for the company, according to Nomura.
“This is a large windfall for the company, in our view, and will help improve the balance sheet for both Genting Malaysia and Genting after years of capex, Covid-19 related slowdown and generous dividends, which have resulted in its net debt-to-equity rising from 19% as of end-2019 to 71% as of end-2022.

“A rough calculation shows that Genting Malaysia’s net debt to equity will fall back sharply to 21% post the sale.

https://www.thestar.com.my/business/business-news/2023/04/27/genting-malaysia-proposes-sale-of-miami-land-for-rm54bil

KUALA LUMPUR: Genting Malaysia Bhd expects to realise a gain on disposal of US$966mil (RM4.29bil) from the sale of four parcels of land measuring about 15.47 acres in Miami for US$1.23bil (RM5.43bil) cash.

https://www.theedgemarkets.com/node/664779

Genting Malaysia expects to gain RM4.289b from Miami land sale.

KUALA LUMPUR (April 27): Genting Malaysia Bhd (GenM) expects to realise an estimated gain on disposal of US$967 million (RM4.289 billion) from the disposal of four parcels of land in Miami measuring 15.47 acres (Miami Herald land) for US$1.225 billion.

In a Bursa Malaysia filing on Thursday (April 27), GenM said its unit Resorts World Miami LLC had entered into a conditional sale and purchase agreement (SPA) with Smart Miami City LLC.
“Based on the disposal consideration of US$1.225 billion (equivalent to approximately RM5.433 billion), GenM expects to realise an estimated gain on disposal of US$967 million (equivalent to approximately RM4.289 billion),” it said.

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS GENTING MALAYSIA BERHAD ("GENM" OR "COMPANY") PROPOSED DISPOSAL OF FOUR PARCELS OF LAND IN MIAMI FOR A TOTAL CASH CONSIDERATION OF USD 1.225 BILLION ("PROPOSED DISPOSAL")

RM5.433 billion

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3347088

On behalf of the Board of Directors of GENM (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that GENM’s wholly-owned subsidiary, Resorts World Miami, LLC (“RW Miami”) had on 26 April 2023 (United States Eastern date/time) entered into a conditional sale and purchase agreement (“SPA”) with Smart Miami City, LLC (“Purchaser”) for the proposed disposal of four parcels of land in Miami measuring an aggregate land area of approximately 673,691 square feet (“sq. ft.”) or 15.47 acres (collectively known as “Miami Herald Land”), for a total cash consideration of USD1.225 billion (equivalent to approximately RM5.433 billion).

GenB is still a good company.
A lot of good news still pending announce and finalize.

Will accumulate more when receive dividend this week.

Opportunity to buy more now.
Accumulate before Q1 2023 result.

RUN in MAY 2023

RUN in MAY

RUN in May

ttps://www.thestar.com.my/news/nation/2023/04/14/tourism-ministry-signed-deal-to-lure-450000-tourists-from-china-during-pm039s-beijing-trip-says-tiong

KUALA LUMPUR The Tourism, Arts and Culture Ministry has successfully lured 450,000 tourists from China after the signing of two agreements during Prime Minister Datuk Seri Anwar Ibrahim's official visit to the country last month, says Datuk Seri Tiong King Sing (pic).

The minister said the success was the result of the promotion done by Tourism Malaysia in conjunction with the Prime Minister’s visit to Beijing, China on March 29.

Our investments in life sciences companies such Genting
TauRx Diagnostics Centre Sdn Bhd, TauRx Pharmaceuticals
Ltd (“TauRx”), Celularity Inc. and DNAe Group Holdings
Limited are at various stages of research and
development for new treatments and ways to improve our
health and lifestyle.
In October 2022, the 20.33% owned TauRx announced
encouraging top-line results from their Phase 3 Alzheimer’s
study, LUCIDITY, the only late-stage clinical trial specifically
targeting the tau pathology of Alzheimer’s disease.
Additional data analysis is ongoing. TauRx expects to
announce further data upon the completion of their 24-
month study by mid-2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3342340

STATEMENT IN RELATION TO THE PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY.
GENT is proposing to seek your approval for the renewal of the authority for GENT to purchase its own
shares of an amount, which, when aggregated with existing treasury shares, does not exceed 4% of its
prevailing total number of issued shares at any time within the time period stated in Section 2.2 below. Such
purchase is subject to compliance with Section 127 of the Act and any prevailing laws, rules, regulations,
orders, guidelines and requirements issued by the relevant authorities at the time of the purchase.

https://www.theedgemarkets.com/node/663207

Citing Bloomberg, the analyst said that Genting Malaysia Bhd's sale of its Miami assets is likely to be realised with a value of between US$1 billion (RM4.4 billion) and US$1.5 billion, and may be completed in the coming weeks.

https://www.theedgemarkets.com/node/663207

KUALA LUMPUR (April 13): Hong Leong Investment Bank Bhd (HLIB) has maintained its “buy” call on Genting Bhd, with an unchanged target price of RM6.75

https://www.theedgemarkets.com/node/663207

HLIB keeps ‘buy’ on Genting as it sees value in stock.

Does selling make you a winner or loser ?
Actually you are a coward with no balls.

Why do you sell when you have already been holding for so long.
GenB got more good news and basically no bad news.

Q1 2023 result end of May 2023.