@Koosan, no need to be rude! We are investors wanting the company to do well and generate returns to the shareholders… nothing else! Sometimes you have to accept the truth no matter how bitter. I remain invested because I want Genting to move away from the past and get investors confidence! Confidence current and future shareholders os important if we want share price to rise and provide returns to shareholders who are patiently waiting!

Let’s see some
Postive momentum! Last of the significant counters to have a good rally! 3rd Qtr could do it!

We need to see new year high to be on up trend, then only, can we be confident of sentiment change. As to Taurus, definitely we should hear something during the 3rd or early 4th qtr of this year particularly from U.K. regulatory body.

Need to see 5.20 plus to be on uptrend!

Watch out for usual trick suspension of trades when announcing new projects!

Just a reminder to some who think we are very critical of LKT and Genting! Look at the facts, it has been in drown trend basically from 2011 onwards price peaked than. That is many years of under performance! Reason, is well publicised. We hope the worst is over. Countries do have generally have leaders for more to 10 years. Here we have ceo who has been head for many many years. I like to think new blood and vision is needed and good for company. Also famiky appointnents
Big issue. If you want US listing all this needs to change. Meanwhile we wait for TAuRX

You have to really ask why this counter does not go up compared to others! It is nothing to do with actual business as but more about past behaviours and governance issues. Simple as that!

All possibilities but no substance

If Genting is successful in listing in US, it better sort out governance issues! Risk of fines will be very higher but also for shareholders to take action against improper behaviour

Non event

Approval of Eli Lilly,’s drug approval nothing shot of corruption. This is the way with FDA. They promote and protect their own. You evidence this with all the trade embargoes and tariffs they impose on China! So called free world!

Having AGM online is indefensible! It shows the business and management are hiding from shareholders. Very sad!

There is no denying Genting is undervalued in region of 38% using price earnings ratio as valuation metrics. The peer average is 26 compared to 12.8 Genting PER. The reason for this valuation deficit is lack of trust of owner and independence of the management team from the owner. No attempt to address this issue most companies will be proactive in communicating and having analysts meetings and also share buy back etc. here the guys are asleep very old style 20 century living in digital AI world!

Small modular reactors is the way forward compared to fossil based hydrogen energy.

Corruption plain and simple.

I can guess the race of save Malaysia author belongs to? Very often they are quiet on Western and Modhi’s excesses! I will take you more seriously if you covered the actions of the mentioned parties as well!

Author should also write against Islamophobia exercised in western countries most notably UK, Europe, Australia, Canada and US. It seems to me boycotting Israeli connected businesses is fully justified and few demonstrators going beyond simple boycotting is no comparison to what is happening in the western countries mentioned where quite often Muslims are attacked and abused physically and verbally with impunity!

Genting is poorly managed by old family connected farts! Plain to see why Empire Resorts were passed on to Genting from LKT’s private portfolio. This is a disgrace and fraudulent to be honest.

People on this forum should know my gripe! I have been like a parrot repeating the issues. It is called Governance lack of it. The listed entity is being run like LKT private entity providing cash flow to his private investment entity and funding his investment losses and not to forget pay himself exhoribant salary and other benefits for sure. I would love to audit this company! I am
Sure it fall s foul of basic listed business ethics not looking after shareholders worthy of Bursa look! Basic protection of and promotion of shareholders interests are flouted! He controls the I dependent board of directors they are all yes men!

What a joke that people have to guess when results will be out no financial diary on web? That’s Genting for u!

Well @Choysun, quite simple as an investor I want to make profit and I think Genting is materially undervalued. There is of course no guarantee that the valuation gap will shrink nor that past owner behaviour improves along with investor sentiment in Genting. Let’s hope and pray!

LKT meets his KPI, someone suggested? What KpI, in particular? Maxims cash flows, maximise sales , revenue, return on capital, EPS, distribution of growth / dividends to Shareholders? I would say none of these!

Please don’t compare Genting with other companies as it run by monoliths, legacy mindset with low appetite for governance and business ethics. If Empire was such good investment Genting should have bought directly and not through LKT private investment vehicle! It does not make sense! Yet folks here think that’s perfectly ok! Nobody on the Board questioned the ethics of this and at what price the investments were sold…..? I bet you at profit to private entity! This is the issue whether we like it or not.

LKT does not care about AGM or what investors think, as it has very little impact on his wealth generation as it also factored in the small price movement! If he worried about share price he would have taken action to promote share price! Like other ceos do.

@AngTayKor…..ok sir, no more complaints ….let’s be positive and hope Genting price settles above 5.20 at least. To be fair rally we had is from a very low base.we need a new price beating the 2023 high!

Waiting for this postive chart people are speaking about to take affect soon. A good rally is not 10 sen! A good rally should be at least 10%. Staying hopeful but also aware of the reality. 1st qtr Results are known by the insiders.

Business growth, Malaysian economy growth, high level of tourists visiting Malaysia, charts of all sorts mean nothing for this counter as it is manipulated big time ….problem m at the heart is CEO private entity and family own large chunk of shares in all Genting entities ….which is basically a conflict of interest with the listed company shareholders …..Genting is being used as private entity with the legal protection of a listed company ….with poor checks and balances in place.

All this tax business does not explain the performance of Genting group, it is a diversified business. In my opinion the damage is done by poor governance behaviour …..investment in Empire by a private entity owned by the boss and than realising it is incurring losses dumping to Genting ….dumping of shares to cover losses in Genting Cruise business,rewarding yourself highest pay, announcing business activity which never Haines and straight away dumping shares ….all these cause havoc with investors.

Most of global markets are in a bull run……but here and in particular Genting, is completely lost.

Choysun, let’s see. I see it differently, charts apply to companies who play it straight based on volume of trade. But here we have elephant in the room who can do unexpected things. Difficult to call. The results are known, I would have expected much more buying ahead of 25 May?

Best Qtr won’t make a difference. Let’s see, I may be wrong. People buy shares for income or and capital growth. Capital growth happens when net people buy the shares and not sell. In case of G there are net share sellers….

I can see chart action!

Special dividend? Share buy back to improve EPS? That’s what good companies are doing specially when share price is below valuation by a good margin I guess not as there is considerable debt in the books and poor performing and draining Empire resorts dumped on Genting.

Agree genting should be well north of 5.40. Let’s see. Luckily I make my money in US and recently UK markets.

Yes, sure charts are important, and I have been following them since 2011! Thinking the down trend is over. What charts don’t reveal is the behaviour of the owner as they are not based on business but liquidity needs elsewhere!

Genting, May go past 5 but won’t stay there as we know there are insiders selling ……if the results were so go good we would have seen some action ahead of 25 May. Let’s hope impairment tool is not used. Cost control is major issue with this group.

Foreign institutional investments are peanuts. Blackrock up, but what % holding! Also others are selling as the price has done nothing suggesting net redemption I.e more sellers than buyers.

Watch out for ParkView mgt holder of 45% of shares…..this is the private entity….who trade a lot in Genting group,of companies and the cause of some of the issues….in my humble,opinion. Proper institutions including international fund managers hold 23 % which is less than a normal for a good company…lot of these investors are passive long term …I wonder what they think of this continued under performance and governance issues. Even Yinson’s long time CEO has resigned …as new thinking is needed in this changing market, old strategy won’t do….!

Little rise and it is halted. All due to governance and behaviour issues of the owner and his side kicks. Nothing else. Everybody agrees about the value, but the institutions that matter don’t as they like to invest in companies that the major stock holders treats it as his personal
Bank account and a private entity.

It is obvious nobody trusts this counter

Don’t count the chickens too soon! GB results could be anything from sublime to ridiculous…remember a tool called impairment charges can be used. Also the business growth and recovery was never in doubt it is more about when share dumping would start by the stakeholders. Million dollar question. We should already be 5.75+ based on previous and nit current performance. Empire resorts and future offloading hopefully won’t be repeated? We live in hope,

Let’s see the upcoming results and subsequent AGM…I am travelling but will try attending electronically.

Neohts….unfortunately even if the business performance is good there is strong possibility price won’t rise as the share dumping will start …..as nobody has faith in the actions of the boss…party related transaction or dumping shares to invest in something else, etc…THIS IS IMPORTANT to UNDERSTAND FOR SHARES TO RISE CONSISTENT BUYING HAS TO EXCEED SELLERS…. this is why companies who think there share price is low opt for share buy back buy in the open market to cancel….shares resulting in share price rise and growth in EPS which in return attracts new buyers. Nothing like this happens with Genting only dumping of shares By key stakeholders Includingnthis thst May hold as collateral. INCLUDING THSOE THST MAY HOLD THE SHARES AS COLLATERAL. WHO KNOWS . Don’t forget boss private investment entity is run as business to make profit and is more proactive …then Genting the listed entity. That’s why management don’t care about Genting share price. From business viewpoint Genting valuation is 8+ RM using discounted cash flow method of valuation. So business is undervalued ….but share price lagging behind for the reasons stated.

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2024-01-11-story-h-210558657-Genting_Malaysia_More_Empire_Preference_Shares

Killed Genting …..very bad move

Genting is the worst performer in medium size companies in the Bursa for sure….management have no clue or incentive to deliver share price growth….boss only uses Genting shares for collateral ….no share buy backs or monetisation of assets …listing or selling of assets only announcements are dud announcements so that he can dump more shares.

Stampid….even if the results are excellent it does not translate into higher share price! That’s the problem with Genting. It has already recovered reasonable well…better than others whose share price has risen. It has to do with lack of trust and governance issues. It is run by the most useless folks and poor share performance has been since 2011.

Genting is not doomed for sure! Basically it is a useless Listed company, it essentially behaves like a private entity of LKT and family. Genting is not independent and certainly not governed independently. Boss has been ceo for ever and so. Deputy ceo! The independent board members are all yes men! Genting listed companies function as a cash cow for LkT private company. There is no incentive to do anything as boss is happy with his wealth generation using the listed entity, through share manipulation, party related transactions getting rid of loss making companies from his private investment to Genting. Makes losses on Genting cruises business and dumps large no of Genting shares to cover losses in open market. Pays high dividends even when company balance sheet does not justify it as he needs money for other things! This is the reality. Genting needs a western CEO or a foreign who is a professional manager from outside the industry! So on conclusion it a corrupt set not to serve the interest of listed company shareholders. Best hope for shareholders is selling of the business which can attest valuation of 8-10 RM at least. But this won’t happen. He won’t even try listing in US despite US business as listing won’t get approved and he wont be able to govern as he does now!

Meant to say, Not be allowed to be listed.

Genting is not doomed, for sure. It is simply useless lites company. It behaves like a private company and boss has dealing in his private company, hence party related transactions. Private entity of Boss uses listed Genting entities as cash cows …. No pressure or desire to do anything as they make money through share manpualtions, high salary, share dumping, party related transactions at disadvantage to Genting the listed entity. In fact they should be allowed to be listed… this my opinion. It Genting was to be sold it probably will get 8-12 RM per share assuming a buyer is there. This is a reality, Genting set up to serve the interests of its major shareholder and his family. Needs western educated professional CEo to run the business sadly I hate to say this! Totally corrupt set up.

Investors have lost confidence in Genting, after the getting The boss got Genting to buy Investment in Empire resorts from LKT private investment vehicle…at a profit when Empire is making losses! This is basically fraudlemt in my opinion ….or at least unprofessional and the investment ,emt should not have been approved but for significant share holding by the family. It does not end here, as Empire needed fresh funds for working capital further investment was made by Genting….this was picked up by Kenaga and May bank analysts and in my opinion Genting has continued to under performance since than. It shows the boss does not care and can use listed company as his piggy bank. Significant governance issue surprised this kind of behaviour is accepted by the Bursa.