To be honest i would not trust any of these tycoons who use listed companies to bleed money for shareholders….poor governance, no cost control, reward self high salaries, heavily discounted share placements, for their own benefit, party related transactions, dumping of shares, etc. casino business is old, need to move on

We are in this forum because we invest in Genting and want it to do well. However, it is frustrating we know it is undervalued theoretically based on book cost and fair valuation using cash flow, earnings per share etc metrics. The boss major shareholder is not interested in promoting the company to shareholders….as he has no incentive whats so ever, as he can generate profit / earnings just by doing
nothing, there are no roadshows to analysts in countries where they operate etc…very low key. Even TauRX, I am surprised Genting was used to invest rather than boss private investment vehicle? Reason, probability of success is low at least at the onset. For TauRX, the US scientists still don’t believe, there is sufficient end point data and the placebo issue to conclude on TauRX. I will remain invested despite all this. We need to be positive despite the tough reality.

Non Exec members on the Board are Yes men! Hence no real governance. Highest paid CEO and deputy CEO in Malaysia and beyond.

Just read the 2023 annual report. Couple of things stand out. On page 26 it clearly states investments held by chairman and ceo compete directly with Genting! Conflict of interest. This is no no! Secondly the deputy CEO is CEO’s son….so much for governance! I had not realised this, father and son and yet the report goes on about how governance is managed, risk management culture and so on, full of bull shit. This is why the wider investment community lack trust in Genting and this has been covered by some of the analysts as well.

By the way…..Genting is a classic shortlist counter as it is in long term downtrend since 2011 peaking around 11 + and it stages rally within a range….so please don’t be fooled investors who shorted have made money for sure ….Shortist is one who sells shares they don’t own …they hope to buy back cheaper ….so if you say there is a pattern between 4.40 and 5.20 than you would sell at 5.20 and buy back at 4.40 or any where between this range. Only Robles is a catalyst like TauRX can blow the shortist or a take over.

i think we should gather / formulate key pressing questions that would be useful to get answers to….from the AGM.

1qtr results are known…. internally, let’s see if we get a purposeful rally….otherwise more impairments will suddenly emerge from somewhere. Impairments by the way are arbitrary and subjective…most auditors don’t get too concerned as impairments reduces profits and can be seem as being conservative as opposed to lifting a provision or write back of impairments…..

OnTime…..I agree don’t like sell! I invest like many others because it is undervalued. Net asset value is around 8.60 and fair value any thing between 5.40 and 8.60 and with potential of TauRX making it an attractive investment….so I invest it! I am invested elsewhere so no big deal….what really get me is the apathy amongst sum folks in this forum and blind support for Genting…I suspect this due to bias by some. I see so many things wrong the way the company is run! Poor, governance etc. there folks here when the price collapses from 5.20 to 4.50 they keep quiet when it rallies to to 4.57 they say what a recovery! The down trend is from 11. Rm established in 2011….one of the poorest mid size companies in Malaysia. We will know doubt get a rally to possibly 5 and then back down again. Share Price is based on more people buying than selling…btw.

Goodguy88…..PMsupport for Hamas and Palestine the reason for outflow? Read the article properly, you will find region is impacted….inlcudes, Thailand, Vietnam, Indonesia! Me, I am very proud of Anwar…moral value and standing for the vulnerable is more important than being a slave!

Speak up…correct….trust deficit, due to past actions and governance issues. No action is taken to address this…most listed entities who have fiduciary duties to shareholders will take action to improve sentiment…Gentings cant be bothered. However, we are not forced to invest i guess, me only waiting for TAuRX which will happen for sure. Peak achieved in 2011 is long gone.

Another point worth noting and reflects how a business functions is how long it takes to report statutory results, MBS, is able to report within 3 after period end! Genting will report 8 weeks after! No urgency or desire to report as quickly as possible. Different culture and mind set.

Please don’t compare Genting to MBS! Completely different set up. Group CEO Goldstein is not family member. Main shareholder at least recognises and appoints independent CEO. Company is very well run, no insider dealing, no dumping of shares in open market no third party related doggy transactions, and finally use of impairment charges to manipulate bottom line. Overpayment ent of dividends when boss needs cash flow etc etc. no matter how much business prospects grow …bottom line improves will not necessarily translate into share price growth! Just few percentage here and there and dumping starts. All controlled. One of the worst in Bursa! Only saviour for a short period will be TAuRx. At least Taurx is above board….but is a private entity. Genting is carrying the investment at book cost.

Genting Group wont be allowed to list in US market as it won’t meet the regulators reporting requirements, and if it did it is more likely to get fined. If it really wants to make Genting attractive then it should look to list in US!

People just don’t get it! Genting share price has been underperforming since 2011 well before CV19! Why the underperformance? As i have highlighted, before there are many reasons. Poor governance generally, no change in CEO for last 20+ years despite poor performance. Highest remunerated CEO in Malaysia and other countries as well. Share dumping, in open market by key stakeholders, after dubious announcements, interested party related transactions where by poor performing investments held privately are sold to listed Genting entity, at inflated value, use of impairment charges to manipulate results as these charges often there is lot subjectivity, no promotion of company to generate interest via analysts meetings and holding capital markets day etc. Declaring high dividend when company cant afford it as owners needs cash to purchase other investments or to cover losses, eg like Genting Cruise. Only way price is going to rise any where near 8 RM is if TauRX becomes a reality! Otherwise Genting will continue to under perform even if sales and profits recover!

Good results improving results no impact on share price due to other company specific issues …this has been case for some time. Underperformance since 2011….unless there is a windfall giving a very short term opportunity to exit this performing company.

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

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….

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

It is undervalued because investors are concerned with manipulation…
Yes it is undervalued fair valuation could be 8+ but share price is going no where when dumping starts. I invest in U.K. shares I don’t see this sort of behaviour private placements, selling own private investments to listed entities, timely write down of assets…dumping of shares in open market without much warning, no meaningful updates to shareholders….and yet some think it is led well🥹🥹🥹!

Can’t even present results and promote the company, cant face analysts as independent professional CEOs do. Just watch results presentation by say Rolls Royce of U.K., Aeronautical and not car business….the presentation is electric and informative… gives confidence to shareholders …and he is paid less than Genting!

I am afraid business growth does not always translate into share price growth for a simple reason, share price is determined by supply and demand. I agree normally share price will reflect business peformance, but sadly in Malaysia there are many founded owners from legacy …and these guys play havoc with share price quite often dumping shares in open market armed with inside information making stock market an uneven playing field. Case in point is Genting for example, one of many, this share is plagued with party related transactions, selling interests to listed entities from their private investments, write off of assets, promotion and dumping, private placements with heavy discount, bailing out private held investments etc etc…all,examples of poor governance

Put it another way if you invested in 2011 you would not have made any money ….or should I say capital gain. That is a long period of under performance ….!

How do judge CEO’s performance? Business sales, profitability or share price growth and total returns to shareholders? Genting has been performing very poorly since 2011 when share prices peaked. Since than it has drifted downwards …..so in my assessment CEO has not delivered …look at leading companies CEO they deliver share price growth or they are removed or resign.on top of this he is highest paid CEO by some distance. So I am afraid you cannot say he is ok and has done well? Based on what metrics, just favouritism.

I am confident we will hear about regulatory approval of TauRx by August / September 2024. So worth remain invested in 2024….meanwhile take the dividends a they come. Not convinced about Genting business strategy though …willing to pay high taxes …….not many foreign companies make money in US particularly old business like gambling ….for boss it is ok as he can make money other way by dealing in shares and TP transactions etc

Genting boss behaviour, poor governance and poor marketing of the company are the main issues that has impacted Genting. Party related transactions, dumping of shares in open market and not really focussed on delivering shareholder returns are the main reason. Most companies with such under performance would fire the CEO…but they can’t as CEO owns 40% + shares of the company so nobody can fire him, the independent directors are toothless and part of the poor governance culture. There is open insider trading in these shares…the only opportunity I see in Genting share price is TauRX …even then shareholders will have to be fleet footed…I think as there will be dumping of shares prior to major positive news coming out of TauRX such as likelihood of imminent approval,from regulators…. Followed by big investment flows! This is my conclusion. Incidentally sale of parcel of land in Miami was announced and price went up only later to correct and since than we hear whomever the buyer was has pulled out! How convenient! Think about it there is a pattern.

https://youtu.be/KyrK3mm4zE0?feature=shared
Believe in TauRX….it will happen for sure …..this year.

https://finance.yahoo.com/news/rm4-70-time-put-genting-040427642.html

https://finance.yahoo.com/news/rm4-70-time-put-genting-040427642.html

Back to Taurx….from my sources …TauRX is definitely coming sooner than acclaimed…what immediate immediate it has on Genting share price and allowed by its manipulating major shareholder I am not and 100 % sure. To me the quickest result for general body of shareholders would be acquisition of TauRX by a big Pharma rather than listing etc ….which again be manipulated. This way the value will flow immediately.

Thailand very popular for Europeans and we know why. You see them walking around with young boys and girls….do you really want such a society …..god less and totally immoral …! You have a choice. I rather build a society with good values and respect for all …I rather work on that.

Some people here are promoting money versus standing for moral values. Of course you can be prostitutes desperate for money with no self respect. That’s why only certain section of the community stands by Palestine. I rather be principled person than beg for money and kiss ass!

I can assure you Taurx is bigger than influx of Chinese / Indian tourist numbers visiting Singapore / Malaysia or even Chinese officials warning its citizens against gambling touted in this forum! All latter nonsense has minimal impact on Genting!

https://www.pharmaceutical-technology.com/analyst-comment/ad-pd-2024-taurxs-hmtm-promising-despite-lacking-primary-endpoint-data/ very promising …..July To September 2024 ..could be the time…but we may see action before than as the news begins to leak

More and more research i conduct on TauRX I am pretty confident approval will be given either by MHRA or FDA or both within 5- 6 months of providing final data which I assume is sometime this year probably Jan or February which suggests any time between July and September 2024. There are risks of course particularly due to Placebo, issue ..but not all drugs use an placebo. 2nd half results are due in August and run up to this will be very interesting time I reckon.

Couple of positives from PP of shares is that it is cheaper way to fund growth compared to borrowing which reduces profits, and the fact that the shares were not heavily discounted suggests those who prescribed would not have invested if they don’t believe the price will move up and 2.36 should be the floor and we know the profitability will grow rapidly over next 2 -3 years when FPSO come to production and debt is settled…at this point the company may deliver higher dividends in line with of reduction of debt.

Folks at TauRX have the up to date news…I wonder if there is activity within the privately held shares of TauRX which would be the real indicator…if there is no sales means the investors are positive of the outcome and are holding to realise when the company is listed or taken over by big Pharma company.

The problem is epf they effectively control the price so they milk it …that’s why they buy and sell and make a margin from variations in price without actually seeing the price grow….this is pretty much true of the bursa where epf have invested…..that’s is the conclusion I am drawing …we need good spread of investors in particular foreign investment

Good company results , very ambitious highly geared. Problem is people don’t understand it’s business it is generating high profit growth but taking high risks in doing so. Is it managing risks well…yes so far it has…it needs to roll out remaining FPSO quickly and not take on more contracts at the same time. It should begun to maximise its position some in 2027The ceo needs to market the company more to make the shares attractive. As it stands it is not delivering returns to shareholders either in form of price growth or dividends …it can’t give high dividends as it is a growth company with high debts so it has to market its shares…more effectively.

there was a big buy que Friday close. Let’s see what Monday has in store for us before stock goes Xd n 20

Make up your own mind.

https://youtu.be/EALCmZgVibY?feature=shared

https://taurx.com/news-insights/meet-the-taurx-team

Genting Dream Cruise nothing to do with Genting Group or Genting Malaysia! Just in case there is confusion. It emerged bankrupt and rescued.

Big sale triggered after hitting 2.56

Very educational info by OTB. Yinson is no doubt a complex business …with very few capable providers. They essentially provide working capital for their clients.

Yinson has so many buys yet the price is on hold! Manipulation…..big increase before results on the cards.

Consider options or warrants if one is confident about Taurx outcome …possibly with end of year time expiry

Wagering revenue 500,000 USD, this is petty cash ..the big boys who bet on UFC draft Kings have billions in revenue this income is insignificant and volatile ..i some how feel Genting income model is archaic….I think las Vegas resort is good business with good prospects but Catskills is one of the places which has had its time in 1960-70’s….Any way my 2 pennies worth. TauRX however is another ball game if big boss is able and will8mg to allow other shareholders to benefit!

I wonder what target price boss or his close aliens have set to trigger sales…!

Let’s see what holds tomorrow …if stays above 5 than good sign plus 9 sen div ……all counts …next 2 weeks vital as price stabilises and investors will start investing for good news. 1 Qtr will be engineered to be better quarter…..which ends in fortnight ….people already know how of this impairment charge will be out through ..all creative accounting no Impact on cash flow