AngTaykor the best person to replace lim
Too bad nobody have more share than lim.

They push down the price so next week with dividend money they could buy more.
Then later they will push up even higher.

Let's wait until next Friday.
The best thing to do now is Don't do anything.

https://www.nst.com.my/business/corporate/2024/04/1036993/genting-malaysia-strong-contender-new-york-city-new-casino

Genting Malaysia strong contender for New York City new casino license

Johnchew123
6 months I can wait.
Q1 results TP 5.40 ? Let 's pray hard hard. Good luck

Sime Darby got the Xpeng distribution in HK ?

TauRX next action item ?
TauRX dateline for approval?
When?

Friday 19 April 2024 Dividend day.
One week later CEO and Directors all cash rich buy low and sell high again.

https://www.nst.com.my/business/corporate/2024/03/1021303/maybank-ib-advises-investors-look-genting-given-its-involvement

Maybank IB advises investors to look at Genting given its involvement in life sciences

KUALA LUMPUR: Maybank Investment Bank (Maybank IB) is advising investors to explore opportunities in Genting Bhd's involvement in the life sciences sector via TauRx Pharmaceuticals Ltd.

This recommendation precedes TauRx Pharmaceuticals' unveiling of complete findings from its Phase 3 LUCIDITY trial of hydromethylthionine mesylate (HMTM), aimed at tackling Alzheimer's disease, scheduled for March 7.

"The company has started discussions with regulators in the UK and the US for product approval.

"In an optimistic scenario where the product is approved and TauRx is valued at US$15 billion with no discount, the target price for Genting could increase to RM9.40.

"Our estimates and RM5.73 target price remain the same, but we advise investors to buy now to position themselves early," it said.

However, TauRx claims that HMTM is effective in slowing cognitive decline and reducing brain atrophy, is safe without causing brain bleeding, and will be more affordable if approved because it can be taken orally instead of intravenously.

The life sciences company will present the 24-month data from its Phase 3 LUCIDITY trial of HMTM at the AD/PD 2024 Alzheimer's and Parkinson's Diseases Conference on March 7 in Lisbon, Portugal.

This presentation will include details of the final 12-month open-label phase of the trial, following the initial results reported throughout 2022.

Target price for Genting could increase to RM9.40.

https://theedgemalaysia.com/node/707281

Genting Malaysia pledges US$1b in taxes to win New York City casino licence.

April 8): The owner of the Resorts World casino in New York City said an expansion of its gambling offering there would lift its tax payment to the state to more than US$1 billion (RM4.75 billion) annually.

Genting Malaysia Bhd, which operates the resort in Queens, is seeking one of the three new casino licences officials are considering for the New York City area. The property paid more than US$600 million in taxes last year, according to a spokesman for the casino giant.

Genting Malaysia is pledging to continue paying the state about 67% of its slot machine revenue in taxes, an amount that includes administrative fees and other expenses. The share paid for table games like blackjack would be lower, but enough to get the overall annual tax contribution over the US$1 billion mark.

Genting Malaysia, which operates next to the Aqueduct race track, and MGM Resorts International, which runs the Empire City Casino in Yonkers, are considered strong contenders, because they already have facilities there. The new licences would allow them to expand their offerings, including blackjack, roulette and other table games.
New York has some of the country’s highest casino taxes with an effective 55% rate on electronic devices, according to the American Gaming Association trade group. Casinos in Nevada — where Genting Malaysia has a Las Vegas resort — pay 6.8%.

The progress of TauRX is too slow. No time line and no update on status and progress.

Every time MayBank analysis said something good about TauRX, they will push the price upsell at high price, then game over. I think MayBank got something to do with syndicate. The progress of TauRX is too slow, I will give GenB another 1 year. If still no progress, may sell all.

Just monitor TauRX progress.

AngTayKor, please provide us once you received any update on TauRX.
Very important. Do or die.

19 April Dividend. Reinvest.
End of May 2024 Q1 2024 result.

Bought 4.70. Good luck.

Set buy at 4.70.
Accumulate for long term.

Closing selling down. WTF sellers.

I really don't understand all this medical term.
I just wanted to know should I buy more, hold or sell all.

If the deal with M.E SWFs n SOE pharmas achieved. Do you think GenB share price could break RM6 ?

AngTayKor....thanks for the update.

TauRX ?
No more update and follow-up ?

https://www.thestar.com.my/news/nation/2024/04/01/tourism-malaysia-confident-of-hitting-five-million-target-for-tourist-arrivals-from-china

Tourism Malaysia confident of hitting five million target for tourist arrivals from China.

Genting Berhad every month should update shareholders the status of TauRX and Timeline.

It's good to have less trading volume.
Clear off all force selling and contra player and slowly move up again.

https://www.thestar.com.my/business/business-news/2024/03/29/thailand-presses-case-for-casinos-to-boost-revenues-tourism-and-jobs

Thailand presses case for casinos to boost revenues, tourism and jobs

"We have to admit that there is illegal gambling in the country, we are trying to get rid of (it) but it cannot be wiped out, so we have to rethink and see that it is time for this," Deputy Finance Minister Julapun Amornvivat told reporters, adding Singapore would be a model to emulate.

https://theedgemalaysia.com/node/696471

Genting Singapore may bid for Thailand casino — Maybank IB
KUALA LUMPUR (Jan 7): Genting Singapore may bid for a casino and integrated resort licence in Thailand, should the Thai government open up the industry, according to Maybank Investment Bank Research (Maybank IB).

Citing the research house, industry magazine Inside Asian Gaming (IAG) said the company would look to form a joint venture for a Thai IR licence, based on its previous exploits in Korea and Japan.

https://www.thestar.com.my/aseanplus/aseanplus-news/2024/03/27/thailand-can-lift-tourism-revenue-by-legalising-casinos-study

Thailand can lift tourism revenue by legalising casinos ?
I remember Genting Singapore apply for Casino license in Thailand ?

Bought 480

Still washing plate and slowly accumulating before next move. Time Will come and be patient.
Sooner or later TauRX going to approve and we will be laughing all the way to the bank.

Once TauRX approve, Genting Berhad going to Limit up.
I am not joking. If you sell now you are going the regret the rest of your life.

Why selling when there are a lots of good news to be announce soon ?

It's normal after Dividend EX date.
Next week or Next month it will go back to 4.90 or 5.00.

4.92 closing before 5 pm eat all.

So much effort have been done on TauRX and Genting will try their best to push for approval.
Just wait for good news. Hold and don't sell.

Holding power will win.
TauRX shouldn't be a problem getting approved.

Good support at RM5.
Next week all the best.

Still washing.
Washing until water is very clear then start moving up.

Just hold or buy more. No need to do anything. Just wait for TauRX. Heng Ah, Ong Ah, Huat Ah.

GenP and GenM dividend will contribute to GenB CASH on hand.

A very good close. Washing all weak holders. Continue washing for another few days. Next target price will be 5.30, then 5.50 then 6.00. keep washing and continue go higher.

Washing before go higher.

https://theedgemalaysia.com/node/704256

Genting’s Resorts World Bet achieved US$500,000 wagering revenue in February — report

KUALA LUMPUR (March 12): Resorts World Bet, an offshoot of the Genting group, achieved US$500,000 (RM2.34 million) in wagering revenue, as online sports wagering revenue in the New York state rose 21% in February, with a hold percentage of 7.4%, slightly lower than industry standards.

In a report on Sunday, North America's gambling industry news source CDC Gaming said handle (money bets) was also up 21%, at almost US$1.8 billion wagered.

The report said revenue before taxes was US$131.4 million.
One operator, Fanatics Sportsbet, participated in the market for only one day, having launched on Feb 29.

Although substantially increased handle was seen at DraftKings (up 24%), FanDuel (22%), and BetMGM (20%), only the first two increased revenue.

BetMGM lost ground in revenue, while Caesars Sportsbook ceded both handle and revenue alike.

DraftKings grossed US$53.4 million on US$608 million in handle, a 59% surge.
FanDuel led in both handle (US$720 million) and revenue (US$63.4 million), the latter a 19% increase.

BetMGM booked US$130 million in wagers, but realised revenue of only US$600,000.

Washing before go higher.

https://theedgemalaysia.com/node/704204

According to Bloomberg, of the 16 analysts covering the stock, 14 have “buy” calls on Genting while two recommended “hold”.

Worth noting is that Genting’s share price rally comes after Maybank Investment Bank Research said its target price for the group could be revised upward to RM9.40 under the blue sky scenario where TauRx’s hydromethylthionine mesylate (HMTM) drug is approved and the pharmaceutical company is valued at US$15 billion (RM70.23 billion), up from US$1 billion currently.

HLIB has upgraded its target price for Genting to RM7.12, from RM6.96 previously, due to the group being undervalued as it does not sufficiently capture the potential recovery of both its subsidiaries, Genting Singapore Ltd and Genting Malaysia Bhd.

Genting Berhad management is very confident they will be getting TauRX approval. That is reason insiders pushing the share price up before announcement.

Waiting for TauRX announcement. Once approved. Maybank TP 9.40.

AngTayKor....I support you. Buy more and laughing all the way to the Bank.

GenM got nothing to do with TauRX. Only GenB.

I think Genting Berhad insider already know the good news. Pending official announcement.

Continue holding. Turbo Engine just started.