Woo hoo bought back again......

Rest assured with theiré massive landbank in Iskandar Putri where I m living the value has been climbing up yearly that even before any effect from RTS or HSR ...

Good morning folks ....except sour grapes and lowballers who suddenly went disappear or hiding .....shame 2 on you.... Genting Cruise waits for no one .....hv u bought yr tickets yet? Lolzzzzz

https://youtu.be/l52MLXpKKfA

Waaaa my friend said Genting Hotel fully hooked ...Casino side bets as usual.

Haha ...if cannot afford Gent Bhd why not consider GenM .....? No need waste your time wait TP RM 2.50

Lowballers or Sour Grapes not welcome here .....cheapskates ppl

Hellooo will all the earlier Sour grapes pls stand up- pls stand up ! Tp 2.5 T.p 3.0 wait long long ...now chasing higher ..the longer the higher it will costs em to buy ...lolz

Genting empire keeps dividends even as casino, resorts stung
Bloomberg -August 28, 2020 7:44 AM
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The Covid-19 pandemic has severely impacted casinos, cruises and resorts in the Genting group. (Reuters pic)
KUALA LUMPUR: Companies in the Genting group are keeping up dividend payments despite the conglomerate facing its gravest challenge yet as the Covid-19 pandemic roils its collection of casinos, cruises and resorts.

Genting Bhd and Genting Malaysia Bhd are keeping their interim dividend payments of 6.5 sen and six sen a share, respectively, the same as in 2019, according to stock exchange filings.

Genting Bhd reported its worst quarter in records going back to 1999, while Genting Malaysia’s net loss was the biggest since 2000.

For the rest of the year, the group “remains pessimistic about the overall financial performance as global travel remains highly restrictive”, it said in a statement.


Cracks were already starting to show even before cruise operator Genting Hong Kong Ltd said it would suspend payments to creditors. The group had to shut casinos and resorts around the world as countries imposed lockdowns to curb the spread of Covid-19.

Earnings estimates for 2020

Genting Bhd’s net income seen shrinking 75% from a year ago to RM515 million in 2020.
Genting Malaysia Bhd set to swing into RM227 million net loss this year, from RM.5 billion profit in 2019.
Genting Singapore Ltd seen reporting S$128 million net loss for 2020, from S$678 million net income last year.
Genting adds to a growing list of global business empires whose reliance on travel and leisure made them vulnerable to border closures and restrictions imposed by countries seeking to curb the spread of Covid-19.

The conglomerate has resorted to unprecedented moves to adapt, including embarking on its first group-wide pay cuts and shrinking its workforce at its Malaysian unit.


“There’s a risk, of course, of a related party transaction with one of the Genting group bailing out Genting HK and if that happens, then clearly the group can be hurt,” said Mak Yuen Teen, associate professor at the National University of Singapore Business School, who specialises in corporate governance.

While Genting Hong Kong is a separate entity and defaults at that level will not trigger cross defaults on the group’s debt, group chairman Lim Kok Thay’s role as a common shareholder has sent jitters across the conglomerate.


It is likely that Lim will be able to work out a deal with creditors considering the family name and their reputation, said Banny Lam, head of research at CEB International Investment Corp. The cruise operator may have deliberately slipped into a technical default to force creditors to work with them, he said.

“The message to creditors is clear: If you insist on a default, we may declare bankruptcy and you lose everything,” Lam said. “They’re pushing creditors and banks for a restructuring and more time.”

Sour Grapes waiting to chase high.......hold on to your GEMS

6.5 sen minimun DIV payout that is for sure

Buy on FEAR , Sell only when it reach rm8 one day ......lolzzzz..treat like FD make profits or no profits DIV is surely guarantee!!!

KLCI down -29.57 pts...bluechips all down

Genting group expects slow recovery

CORPORATE NEWS
Friday, 28 Aug 2020

Slow And Steady Punpipi .....i like

Fair value base on 10 years track record ....you think like I do above rm8

Chasing higher the longer you WAIT....Genting Dreams Cruise once depart wait for no man ....kakaka....

6.5 sens bonus dividen paid on 10 Sept ....Apa tunggu lagi Bossku ? 3.00 ? 2.50? lolz .......

Worst is over next QR will be BETTER ...common sense ttells me this

oversold few days back due to QR.... now covering shorts BUY IN again by BIG BOYS

Sour Grapes Plan A failed now end up chasing HIGHER as I mentioned earlier ...shame 2

SOUR GRAPES LIMIT DOWN ....

Waaa so many prediction ...better predict toto next week why waste yr time here talk c .

Sour grapes add salt to the wound ...lolz

1 QR Lost billions all sour grapes comes out shout limit down , but when profits billions all sour grapes disappear ...yes you know who you are ...shame shame

Haha tmr all ready to ALL IN !!! Ini kalilah !!

Nta rm8.89 ..losses within expectation

Announcement Date : 27/08/2020 Ent. in % : 0.000%
EX-Date : 10/09/2020 Ent. in Sen : 6.500

Oledi drop from rm7 to rm3.5x ...still want drop more ! ? Better drop below Genm ...sour grapes ..when later rebound all chasing higher ....

Avg GENTING BHD share price rm10 from 2010 to 2019 ...now 3.5x can buy, keep and hold

come support support 3.54

cheap sales ending soon .....once QR results out...better than expected

3.55 support level for past few days

MyHSR launches HSR tenders | The Star

House always wins no matter when ..and that is so true

Mega sales price ending soon

Undies and Bras too ...throw .to LKT face to face ...lolzzz

Haha today 3.53 done ....Q more at 3.50....anyway seems like support st one at 3.55

Genting Hong Kong held its first creditors meeting Monday as it pursues a restructuring. Leading up to the virtual meeting, the company paid bank fees that were due last week

No brainer investment .....only sour grapes miss out hoping to buy lower....who doesn't however end up chasing higher

today Q at 3.50 and 3.53 cannot get...ooff

Genting HK to hold first creditors’ meeting to restructure debts

Mana ada bailout ???

from rm10 to rm3.xx still wanna lowball ...better PN17 ...lolzzzz

those sold last 2 days will be buying back in the game again

FOMOS will rush in to push up the price ...lolzzzz

Genting Hong Kong Ltd
HKG: 0678
0.36 HKD +0.045 (14.29%)

LKT and partners keeps buying Genting Bhd shares lately..APA takut bossku? Beli sjalar

Analysts said Genting Bhd and its subsidiaries are not immediately affected by Genting Hong Kong's decision to suspend payments to creditors.

S&P Global Ratings analyst Sandy Lim wrote in a note yesterday saying this was because S&P Global Ratings believed Genting Bhd did not have any material relationship with Genting Hong Kong besides a common brand name.

"Based on our understanding from Genting Bhd, the Genting Bhd group does not have a cross-share ownership with Genting Hong Kong, and no cross-default clause, guarantee, or keepwell structures that would affect a direct financial obligation on Genting Bhd group.

Fomo will come in next week ....APA tunggu lagi bosku,,!?

haha ...sugar daddy

Be thankful for buying in at a low price rather than being sour grapes

Of all the property stocks, UEMS has the highest exposure in Johor; about 77% of its land bank is in this region.

We believe management’s move to diversify its land bank beyond Nusajaya — with an immediate focus on landed homes in Puteri Harbour and Gerbang Nusajaya — is a step in the right direction.

We also feel the same about its successful maiden launch of Nusajaya Tech Park (joint venture with Singapore-based Ascendas Pte Ltd).