Blog: Problems at cruise operators Genting Hong Kong could cause major financial trouble for three Malaysian banks

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5 comment(s). Last comment by Serious 2022-01-25 13:36

calvintaneng

53,197 posts

Posted by calvintaneng > 2022-01-24 08:35 | Report Abuse

After the collapse of gloves due to Asp discount and total glut by China glove price war

After the collapse of Tech due to Fed withdraws from money printing and raise interest rate that pricked the Tech superbubble

Next will be the collapse of banks due high Npl turning into bad debts which will cut dividend and result in price falling

Glove = Tech = Banks

Their turn to go down imminent

firehawk

4,771 posts

Posted by firehawk > 2022-01-24 08:39 | Report Abuse

Malayan Banking (Maybank)+ CIMB + RHB + .... with a combined exposure of US$600 million (RM2.5 billion) = RM2,500,000,000 only!

Plantermen

2,094 posts

Posted by Plantermen > 2022-01-24 10:01 | Report Abuse

Banks bottomline will be hit by the unsecured loans to Genting HK

sensonic

690 posts

Posted by sensonic > 2022-01-24 16:02 |

Post removed.Why?

Serious

174 posts

Posted by Serious > 2022-01-25 13:36 | Report Abuse

Maybank denies financial woe imminent due to Genting HK exposure
Monday, 24 Jan 2022 02:54 PM MYT

https://www.malaymail.com/news/malaysia/2022/01/24/maybank-denies-it-will-face-financial-trouble-on-genting-hong-kong-exposure/2037185

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