I walk at GENM during this raya time. I can assure you that the amount of china fellows gambling in Casino is huge. the local has been replaced by china people
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
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….
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
The 1 bil in taxes is just a pledge for wining the casino licence, why huha huha now, upon getting the licence then say something about it is ok, but not now
RWLV already proven that US casino is business involved high investment but low return. In the past analysts predict over a billion of profits contribution. All this are just speculation for stimulate the stock price.
Nobody wins if Israel attacks Iran. Iran is the big brother in the Middle East. Biden knows it Iran is not Syria or Lebanon. Even US is very cautious when it comes to Iran.
Sell from first and buy back later. Option 1 hold if you have the means option 2 .last but not the least average down if you believed the company potential & long term growth. Risk is something you yourself can decide brothers
Sinking lower and lower. My goodness! I bought before dividend ex at 2.91. Should have gone up Genting to gamble instead. At least got fair chance to win
GENM (4715) 's share price has fallen recently, falling to EMA 200 (approximately RM2.60). The decline may have been driven by the fact that bidding for a New York casino license could increase annual tax bills to $1 billion, as well as the temporary closure of two casinos for renovations.
every time i receive dividend from this counter i will use it to gamble at Genting Sky Casino. I manage to win up to 10k. so ladies and gentlemen, gambling is good
The Empire is the albatross on the neck. Foreign investors shy away from this type of management. Local retailers all lost until pants dropped. Whole market no money
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
167697
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Posted by 167697 > 3 weeks ago | Report Abuse
can accumulate 2.64 to 2.66. Unlikely to go wrong at this price