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.

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!

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

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

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!

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

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

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

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.

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

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

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.

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.

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.

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

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!

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!

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

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

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.

Damp squib

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

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.

500*0.06=300 /4.43 =67.72 shares

Sorry for the typos! Auto correction or auto typos😀

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.

@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.

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%!

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

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.

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!

Save…..it is not weak holders …..that is a common explanation, it has been like this for over 7-8 years…weak holders would have gone by now. Programmed trading …I do t want to repeat what I have been saying.

More important I wonder what was said at the Taurx AGM? Any hint as to status of application and general confidence level?

No need to worry just be realistic in your expectations is my message with regard to Genting. Some people are happy to make 5 % profit others like to make at least 25-30% return over a year ….to make up for the risk.

ChloeTai, you get my drift. It may not be so obvious us that but the fact is the owner of big shareholding such as CEO through private company has many tools to control and manipulate share price of listed company. Other companies who were in similar recovery situation have done very well for example Rolls Royce the aeronautical engine manufacture has delivered over 800 % return because it does not have a major shareholder (original owner) who can trade in its shares. He can also influence others to trade buy and sell based on inside info. Generally the governance is very poor case in point is dumping shares in open market to pay for cruise line business losses or awarding yourself highest ceo salary even compared to very technical and complex western businesses. The fundamentals of the business may be sound going forward but share price people are expecting is in the hands of the owner and other close stakeholders. Investors can still make money but it is a very tight band compared to investing in other stocks. Party related transactions are a constant threat. I am still invested as I feel a catalyst may change the pattern, but one needs to be fleet footed.

Turning out to be damp squib…..! We need AMG power

All very positive, for Genting, let’s hope and pray all our wishes and goals are realised. Perhaps year of the Dragon is Gentings shareholders year?

Taurx is looking promising and the sharing of 24 month trial data to support the approval from FDA and U.K. regulators is a critical step in the process. 2024 could be the year!

Best hope for quick uptick is Taurx ….even then it will be followed by big dumping …need to be fleet footed

If Genting share price was based on business recovery the price should be in high 6.40+ for sure ….this is why it is not level playing field as share performance is not based on fundamentals! Companies that don’t have founder shareholder holding over 40% do much better and governance is much better…..eg awarding yourself biggest salary

Hng33 what you are saying is logical …. but share price is determined by shares sold and bought …ad not necessarily by fundamentals……..sadly! Also the company owner is heavily involved in share transactions via private company as well as party related transactions from time to time….so nobody k owns who will dump shares at what point and what other party related transactions will be put through and not to mention charge profit and loss account with unpredictable expenses …

Genting underperformance continues this is entirely due to dumping of shares after small gains …no other explanation…

I guess Minority shareholders have to be nimble to make profits.

Somebody in this forum the boss is a clever business man….I beg to differ he is no Musk or Zuckerberg ….the company has massively underperformed under his reign…..he is a master of making money from other shareholders in his company…..if this company was in developed markets no doubt the share dealings would have been investigated…….that’s why little rise leads to massive sales of shares….. the management are not independent …..of ceo the major shareholder

Piss poor

Share price is not correlated with Chinese folks spending on holidays …..when will people realise this!

Let’s hope boss does not entertain creative share dealing! That is the main risk we all know tourists numbers are up, revenue is up actual business is in full recovery ……etc etc share price is determined by acquisition and disposal of shares!

Slow so slow…..compare Genting to CIMB which is motoring along…was in deep trouble when covid hit with significant write offs….the difference in performance is mainly because Cimb does nit have party related transactions and single major owner like Genting has who dumps shares and buys them back or entertains party related transactions…..from time to time ….whilst business itself is recovering the share dealing is an issue. Most CEO don't actively trade in their own shares and get listed entities to bail out their private investments. No matter how the business is doing and recovering this is the issue which is impacting the share price. To be honest the regulators need to look at these transactions as it has negative impact on shareholders which they should be protecting….! Sorry for repeating the point …I am confident the business results will improve …significantly.

All,I know from my U.K. contact is that the approval process is well advanced …subject to more data from extended trial….the data over 24 month period is being analysed ..and to be presented….that’s what I heard what it actually means no Idea! I feel we will know definitely this year.

We know the results will be good despite empire resorts. However the risk is not from bad performance but share dealing and party related transactions. What we need is a positive update from Taurx to really lift the share price which should be in the region of 5.70 plus ….given the improvement in trading revenue

Taurx looks increasingly encouraging ….but major shareholder behaviour is worrying …I suspect we may see dumping of shares before any positive news is received….need to be vigilant ….2024 is definitely when we may hear some positive news …