Riaz1954

Riaz1954 | Joined since 2019-02-14

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6 hours ago | Report Abuse

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 …

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11 hours ago | Report Abuse

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

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11 hours ago | Report Abuse

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.

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1 day ago | Report Abuse

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

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2 days ago | Report Abuse

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

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2 days ago | Report Abuse

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

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2 days ago | Report Abuse

Sales are being absorbed that means there are buyers!

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2 days ago | Report Abuse

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.

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4 days ago | Report Abuse

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

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4 days ago | Report Abuse

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.

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4 days ago | Report Abuse

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.

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4 days ago | Report Abuse

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!

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5 days ago | Report Abuse

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.

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5 days ago | Report Abuse

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!

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5 days ago | Report Abuse

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.

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5 days ago | Report Abuse

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.

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6 days ago | Report Abuse

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!

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6 days ago | Report Abuse

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

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6 days ago | Report Abuse

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

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6 days ago | Report Abuse

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.

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1 week ago | Report Abuse

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!

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1 week ago | Report Abuse

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

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1 week ago | Report Abuse

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

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1 week ago | Report Abuse

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!

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1 week ago | Report Abuse

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

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1 week ago | Report Abuse

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

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1 week ago | Report Abuse

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

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1 week ago | Report Abuse

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.

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1 week ago | Report Abuse

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

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1 week ago | Report Abuse

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

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1 week ago | Report Abuse

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.

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1 week ago | Report Abuse

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.

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1 week ago | Report Abuse

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.

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1 week ago | Report Abuse

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

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1 week ago | Report Abuse

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!

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2 weeks ago | Report Abuse

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!

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2 weeks ago | Report Abuse

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

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2 weeks ago | Report Abuse

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

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2 weeks ago | Report Abuse

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.

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2 weeks ago | Report Abuse

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

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2 weeks ago | Report Abuse

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.

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2 weeks ago | Report Abuse

500*0.06=300 /4.43 =67.72 shares

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2 weeks ago | Report Abuse

Sorry for the typos! Auto correction or auto typos😀

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2 weeks ago | Report Abuse

By this time the full year results are known internal both at individual business as well as at group level…any disposal of shares may be sign of weak results or below expectations …this can happen as Genting can suddenly out of the blue have significant increase in impairment charges…catching the most seasoned analyst by surprise…not to mention shares being dumped in open market ….the regulators are suppose to keep an eye on all this but they dint as there is cmflcit of interest as abuses makes money from trading. Also the auditors are pretty useless not only here but worldwide…as there is conflict of interest. Many auditor firms have been fined for not picking up simple irregularities…case in point Serba Dinamik…Serba we’re guilty of very archaic fraud …simplest by increasing debtors receivables! I had forewarned on this forum before fraud was discovered. Governance is critically important for listed companies otherwise they must not be listed Simple.

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2 weeks ago | Report Abuse

@Peaches….Thanks…I already have the update on conference to be held in Portugal….I was referring to update from Taurx AGM….whether they had any specific information on regulatory submission and level of confidence on approval.

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2 weeks ago | Report Abuse

Soon9913…result out even good ceo and other internal parties sell more shares….good result / bad result makes no difference! Share price movement depends on number of shares sold and bought …more sold share price goes down even if profits increase by 1000%!

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2 weeks ago | Report Abuse

On every correction people shout buying opportunity…..CAPITAL IS NOT UNLIMITED ALSO THERE ARE OTHER ALTERNATIVE CAPITAL COMPETES AGAINST.

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2 weeks ago | Report Abuse

Anybody can provide update from Taurx agm? I suspect if anything significant we would have known? Watch out for trade suspension …..due to announcement followed by dumping of share by you know who, all a possibility with this counter.

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2 weeks ago | Report Abuse

Ha watch the programmed trades this will keep happening as I suggested! Share price is Nothing to do with business fundamentals….unless insiders know that more write offs ( creative accounting impairment losses!) are coming through next results or perhaps key stakeholders are creating selling to buy back before Taurx news is announced!