Good night man, u went from economist to banker to now lawyer so u can back ur argument that u know Genting m forex agreement with bank. If u wont get good then i dont really have any reason to entertain u, i dont argue with kids that cant understand QR& advance monetary policies maybe u can challenge me when u get a good standing on the subjects. By the way the kind of people that calls other Orang kampung when he cant read a QR tends to be the orang kampung, u are basically projecting urself and ur insecurities onto others so u dont feel bad.

either way feel free to throw ur insults at me man, like i said time will tell. U lost on QR, lost on yeild effects to MYR/USD, lost to genting forex game plan, u even tried to double down and say u know their loan due date. As far as credibility wise i think u are burning through it with gasoline. So feel free to scroll up and cherry pick my comments for faults i am sure it will never reach ur level of disdain

i might have exagerated abit but its 68.44 but its close to 70% i can see it hitting by Q4

read again man 70% is for GENTING not GENTING m

Either way talking to u its like talking to a wall, at this point i am seriously doubting if u even have a play in place. U cant do QR, u dont know anything about monetary policy, U B.S every chance u get to make urself look smart but in reality those that see through it can tell u are just a joker. The worse of all is that u dont even bother looking urself in the mirror and revaluate ur gameplan as if u dont have chips on the table. I can honestly see why u have 14000+ post now, u are just chasing for clout feeding bs to the newbie and bullying those newbie that know abit but is not sure entirely.

Either way goodday feel free cope around believing that i am wrong and u are right every single comment. At the end time will tell

U seriously dumb enuf to point urself out. How would u know they need to do early repayment by Q3, the banks wont say since its confidential, Genting dint announce the detail of their loan. So by some miracle u just know Genting need to pay soon? U basically said u B.S ur way into thinking Q3 is the deadline if u really knew the date they need to pay, to which bank, and the amount and clause, that info is worth millions to hedge funds everywhere.

honestly the moment u tried to say u have gentings due date and confidential details ur creditability on banks and their loan alrd went out the window. U can try to salvage ur reputation by saying i am just imagining things and dont know how loan work but deep down we all know u lost this topic alrd. Gv it up man, next time maybe exempt urself from saying u know confidential details that is worth millions on the open market.

Listen to me sit this one down, go cool off for the night. Come back at me in a month after u advance ur finance knowledge be it understanding monetary system, treasury yeilds, DXY, fed funds rate and its impact and so on. I will be here untill my stock takes off so u will have ur chance, i was in WSB when BTC and tech stock were at ATL and everyone bashed me for buying guess what i made a killing they died. Now i will be here for genting i either make another killing or i die by my sword so skill up and come back at me. If u can show me another way of seeing things i would gladly converse with u, but pls dont gv me half baked views like what u have been doing over and over again. If u lose a arguement just suck it up and learn more about it, no need to spourt BS Senarios which is wrong then double down burning ur creditbility. We are all aiming to make money only 1 view will be correct, the more u see the flaw in ur view the easier u survive for another day.

Listen to me sit this one down, go cool off for the night. Come back at me in a month after u advance ur finance knowledge be it understanding monetary system, treasury yeilds, DXY, fed funds rate and its impact and so on. I will be here untill my stock takes off so u will have ur chance, i was in WSB when BTC and tech stock were at ATL and everyone bashed me for buying guess what i made a killing they died. Now i will be here for genting i either make another killing or i die by my sword so skill up and come back at me. If u can show me another way of seeing things i would gladly converse with u, but pls dont gv me half baked views.

Ya the dude that tried to explain 1000s of million of Genting forex like his own forex account with margin has a foreign currency agreement and just so happen to know genting is close to their due date. Like dude stop digging la, just sit this one down. U just tried to tell us u know gentings loan detail and due dates even though its strictly confidential everything u say after that is just burning ur credibility over and over again.

Just sit down, accept defeat then look urself in the mirror and ask urself what the fk are u doing with ur life. 14612 post and u cant understand how yeild affect MYR/USD, cant see the fallacy of ur view that USD loan must be paid with said profit from USD loan and worse of all be a self proclaim trader with suger mommy but cant read QR.

I initially only wanted to rebute ur misinformation cuz i saw alot of newbie being harrass by u eventhough their point holds merit but u just bash them as orang kampung like u are a pro, yet now u keep digging deeper and deeper

again another subject changed by the dude that cant read QR report, that loan agreement is confidential, not sure where u got this info maybe from ur kopitiam uncle and auntie but if u somehow get a copy of GentingM forex loan agreement and their repayment deadline u would basicly be holding a confidential agreement between parties thats worth millions to the correct buyer. i tried looking for it before and u cant even find which bank the loan is with so i doubt u can find the specifics inside, pls stop trying to change the subject after being smack in the face after saying genting can only pay with their gains from the USD loan.

by the way i don't really mind ur insults, i have been through worse in WSB. however no matter how dumb their game plan and logic is they always back it up with their theory be it completely off the mark or 300iq that even i cant understand. With u, its like conversing to a child that just finish high school economic and is quoting economist left and right but cant even read a QR report. Like i said time will tell feel free to insult others as Orang kampung when u cant even read QR report even though u keep sporting fear with it,14611 post but cant read QR is telling of your character& reliability

honestly if this is the way u do business u would be bankrupt the 1st year. But from what ur words being so half baked i dont really blame u since everything u spourt is half full.

U borrow USD to pay for a venture when USD is worth alot

When USD is down, the USD u borrow is still stuck in those venture

U take cash (MYR), convert it into USD then u pay the loan at a discount.

The reason why u are having such a hard time is becuz u are looking at those hundred million $ loan like its ur portfolio, sell everything then pay back and keep the profit. In genting case it doesnt work that way, the hundreds of million they borrow is turned iliquid then they use cash to clear the debt once USD fall hence profiting on it, Hence my point it isnt USD VS USD if its USD VS USD no matter how u see they lose money for sure cuz they need to fire sale 100s of million worth of asset to cover their loan. Its USD vs MYR when USD dies that is the gameplan as long as they confirm 100% USD will die this will be a no brainer MNC, they tend to borrow when money is money and repay when money is toilet paper

time will tell man, currently the options I am seeing is u a random dude on the internet that cant read a QR report properly, believe LKT is dumb and he cant hold out his forex gamble even though he has 2billion in cash and all while preaching Genting will be bankrupt in 4y

VS

LKT a man at the helm of a 30billion empire with multiple financial team that's advising him& his board members to bet on the fall of USD like all the big corporations are doing. With DXY, US02Y, FED FUNDS RATE all showing reoccurring signs that US yield will crash the USD soon.

I dont know man the signs are clear i am staying with LKT cuz no matter how it seems, following the dude that cant read a QR report is "suicidaire"

either way time will tell, spending so much time conversing to the guy that cant read a QR report and see 9month and 3 month has really taken a toll on me. Its hard to believe u made 14k comment with this kind of level, alas i hope u dont gamble all ur shit shorting the market cuz u think they will go bankrupt and word of advice if u have time to chat with a glass half full and copy quotes from economist u might as well use that time to learn about Federal monetary and how they work, once u understand how they work u will look back to ur current comment with doubt.

U sir are truly regarded. ask urself this what is forex and where is GenM based in.

They borrow USD spend said USD on stuff (we dont know what), then they clear their books based on MYR. When USD eventually drop they just convert MYR to USD to pay said loan. Its simple as that what the heck are u talking about USD VS USD like u cant get USD from anywhere else.

https://www.tradingview.com/chart/fqwA94vo/?symbol=TVC%3ADXY

here is a link to DXY (dollar strength index with a fed funds overlay), i dont know if u understand advance monetary policy but once u look at this u should understand LKT end game.

Bro what are u on about we are not talking about future and past u think we are gambling on taurex, past approval = future approval meh. We are talking about bonds and yield here, if u know u know, if u don't know then u can only say 3% = -14% negative, it has inverted. Of course its reverted, DXY tend to go up during the initial rate cut look at 01, 08, 20 and now 24. The point of his trade is that as long as he can cover he will be profitable at the end cuz the initial reaction of the fed cut will be risk asset going ham, yield and DXY rebounding then suddenly everything dump and market return to normal after the wipeout.

By the way u know what forex is or not? Forex in retail = shifu tell u to buy USD with margin then u get wipe out. Forex in business is dif, they take out loan of a nomination they know will depreciate then repay the loan when it depreciate in this case the nomination is USD. They borrow USD when USD its valuable spend it then repay it when its toilet paper (after it crash).

I normally tend to converse with others so i can get their side of the view but with u its like talking to a self proclaim trader that cant read financial statements and understand how yeild affect everything. I get that u are defensive but man at least have some gut in admitting u are out of depth rather than joking with quotes and misleading statements. Lean to read balance sheet again look at their cash reserve 3,516million in cash and cash equivalent how did u come to the conclusion No money only loses even the net foreign exchange differences close to being covered after u include Q4 results. Worse case scenario they end with slight profit after covering net foreign exchange with Q4 profit, best case scenario yields crash Q1 next year and his pays back 30%-40% less than what he borrowed.

Hence to my point, i am betting on "genting" not gentingm. Genting M might be a lotto ticket when LKT bet comes to fruition. However as of now its the vessel for this play and its a retail stock so those that doesnt understand his play will panic sell like most uncle and auntie that dont understand bond do. (They see forex gamble they scare then create rumour so their friend sell with them). In reality a lot of big funds like fidelity and black rock have been increasing their holding Genting (mother stock) quietly day since early Q3 of 2023. Genting might be hit when the blackswan that cause everyone to find safe haven happens but it beats being in stocks like 99smart that will surely crash to oblivion when the blackswan hits.

Just to gv u a view on how profitable this trade will become when USD eventually crash with the US 02y tbill.

april 2024 peak was 5% by the time we reach sep 2024 it was 3.51%, we went from 1usd=4.79myr to 1usd= 4.12myr. thats a whoping 14% risk free move in a few month. Now all of us know yeilds are going down no matter what be it 0.25% like my guess or 2% if u believe in the fed a 1.5% move devalue the USD by 14% what would another 3% devalue it? rough guess is around another 25% making it to rm3=1usd. (THIS MIGHT LOOK LIKE EXAGERATION BUT IF U OPEN UP MYR/USD chart and look at 08 and 20 u will see it happen "1999 data is incomplete cuz malaysia pegged to USD")

Again this comes back to the fed policy, its simple RM/USD is the aftermath of bond yields. It will be hard to for u to understand if u are not familiar with bond, US rate cycles and how the fed and treasury affects everything.

For those that are familiar with bond yields they will tell u, LKT play is actually really smart as he is banking on a high return trade as long as he has enough fund to cover his position. The current cycle is that the fed is reducing rates to ease the US credit crunch that's happening behind the scene. In this scenario USD will depreciate and MYR will appreciate this happened in 2000s and 08 , however on the initial fed rate cuts US funds will OPT to skip treasury and head for high risk stocks like russell and tech. In this senario the demand for bonds go down and the yield goes up hence the 1 oct 2024 MYR return to deprecating against USD. This senario will keep on going untill the black swan happens and funds run back to yeilds for safe haven after than USD will crash with the FED panic cutting.

its a lot of cause and effect but once u understand this line of cause and effect u will understand how his trade will be super profitable.
FED- YEILD- TREASURY- HEDGE FUND- BOND- MARKET RISK

Typo: They are - 256mil at 2024 Q3

As at
30.09.2024 : 31.12.2023
RM’000 RM’000
TOTAL EQUITY 10,905,623 : 12,012,111

NET ASSETS PER SHARE (RM) 2.06 : 2.26

Did anyone notice why the total equity and NAPS droping while GENM reported profit?

Net foreign finance cost eat up all the profit for 2024, currently gentingm still in the red for 2024 if business is good in Q4 then genting m end with slight green. Basicly 2023 year gentingm eneded with 837mil at 2023 Q3 now they are - 256mil at 2024 Q4. However big funds have been slowly buying into genting their holding almost 70% alrd

For real i seriously dont understand how they keep spourting gentingm gonna go into bankrupcy narrative over and over again.

Q1-Q3 EPS went from 3. 48 in 2023 to 12. 51 in Q1-Q4 in 2024 with gentingm being stack with cash and all US, UK, EGYPT, BAHAMAS and so on all making equal/ slightly more profit over last year. I seriously cant fathom how they calculate genting going bankrupt cuz of 1off expensese like net foreign exchange, finance cost, joint finance cost and write off.

No matter how u count after everything genting m still making slight profit while sitting on a stack of cash.

"short the shit out of genting cuz u think it will go bankrupt"

Sry typo

If u look back at their QR report u will see that compared to 2023 total intrest paid went down by 20mil so in reality gen m is actually lowering their finance debt. On the other hand i have been contemplating what u said about PN17 i concede that genting m have had it rough this 3 year with their annual asset/liability being around 56%-60%. However thats still considered the norm for a hospitality company that just got hit by 2ratehike cycle and covid. Ur thesis that they will go bankrupt is basicly faulty cuz u misinterpret their QR report i seriously hope u havent made short the shit of genting cuz u think i will go bankrupt.

It might face a blackswan headwind but as of know they are still not at bankrupcy and sell everything to cover level.

Balian bro. I seriously hope u dont make a play base on ur assumption that 416 million intrest paid is for 3month. Thats for Q1-Q3 not Q3 alone if u read the header u will see its a unaudited 9 month ended. Lol if u read financial statement like this no wonder u think gen m is going to be PN17

Honestly i am seriously doubting your source of information, its the same as the uncle from the kopitiam.

The best place to see if they are doing QE or QT is just by looking at their bond yeild they went from 2.5% in 2020 to 3.3% in 2021. This was the time they started to dump US treasury intesively to bail out their own economy. Today the China 10y is at 2% and still dropping while their US bond holding is back at 08 levels. This is the real data that they are lowering rates to bail the economy out, its better than the news u mention that make anouncement then not doing anything.

Next the big spenders have never been the kids, its the VIP and the higher ups that go out and spend lavishly. (hence the term slush fund)

Next debt to asset, genting have been playing around a 45% - 50% asset to liability ratio since 2019 they held out the 1st rate hike cycle then covid then the 2nd ratr hike cycle and ur main worry is equity when rate cut comes?

Genting plantation just got a target raise by a few banks recently, stop looking at the data from Q3 its 2month old now 3 aggresive fed cuts had alrd happen. The only thing i would focus on is how bad will the black swan be for fed to cut back down to lower rates and how much genting will fall since its was alrd in a downtrend when everything else is near bubble territory.

By the way the reason why i am in this ticker is simple, 2 catalyst not mentioned here.

Fed rates and its effect on genting

China stimulus and the hidden slush fund.

The 2 will be the big catalyst for genting since genting has been in a high rate cycle from 2016-2024. In reality genting never had a chance to get a breather like the other stocks since business were suffering from 16-19 rising rates, 20-21 business was shut due to covid, 21-24 rising rates. A long term low rate enviroment + china stimulus spending spree will start 09-16 rising spree

Ya after they said inflation is transitory when inflation 1st started then they started hiking after things gone up 2x - 3x untill the labour sector is in a recession. Then they proceed to change their official definition of recession and revamp their way to calculate CPI, then proceed to cut rates after a few bank went down and a few more are on the brink of credit crunch.

In reality the fed is always late and wrong they tend to act tough untill they get hit in the face then proceeds to bail everyone out and keep rates low. U can argue 2% but i am going with 0.25 cuz they fked up after hiking in 08 and 18 and in both case they lowered to 0.25 cuz the banks and treasury couldnt handle a 2% enviroment.

But what would i know, the "shifu" here are conversing with us like they are the second coming of charlie munger and pavlov. We are lucky genting dint invest in nuclear, if not u guys will turn into the 2nd coming of oppheimer talking about how atoms create energy.

Honestly just take word from the "shifu" here like the advice of a uncle that talks about stock in the koptiam. I lurk here from time to time and his arguement always macam yes. Quoting idiom left and right, explaining the composition of alzheimer drugs then disect qr report like he is mr market. Like chill dude genting has been range bound for years now u can pray it goes to 0.8-0.9 due to bad QR but its not realistic cuz that QR is 2month old by the time u get it market alrd priced it.

Genting moves based on FED rates just overlay the chart and u will see the corelation high rates = genting suffer, steady low rates = genting rebound. 2009-2016 is a good example, genting strives when monetary policy is loose it will be loose next year so stop looking at the 2 month old micro data and focus on macro genting will get their turn when rates goes back to 0. 25-1%.