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4 comment(s). Last comment by bang_miskin 2022-02-04 20:26
Posted by Tobby > 2022-02-04 20:16 | Report Abuse
Dumbass Anwar! Genting Hong Kong assets are more that the debts! Eventually our local banks will get their unsecured loans! Our local banks gave them because of Director Lim reputation! Nobody saw Covid coming! Just down it! GHK is already under liquidation! Getting repayment will take some time but it's not going to be bad debts afterall!
Posted by Tobby > 2022-02-04 20:18 | Report Abuse
Instead Anwar should look at his blunders as MOF! Made the dumbass moves! Bankrupt so many companies by hiking the highest rate in history! Helped Mahathir bailout his children companies!
Posted by bang_miskin > 2022-02-04 20:26 | Report Abuse
Much ago about nothing. Echoing @Michael Kwok's second point. If the three banks involved were in financial trouble based on this unsecured loan, you really have to question their risk management practices. Moreover when those loans are made, nobody can foresee covid's impact on the global tourism industry. It is almost like blaming investors for holding Genting and Airasia's shares before the pandemic.
When you have politicians/oppositions like this, you can start to understand how the incumbent government can maintain power for so long...because oppositions are not necessarily better (maybe worse)!
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CS Tan
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Michael Kwok
6,421 posts
Posted by Michael Kwok > 2022-02-04 20:13 | Report Abuse
My answer to anwar.
I)No people foreseen covid coming and last tht long.
II)1-2 billion as provision wont bankcrupt the country and maybank
III)At first place,genting hong kong is a sure bet due to robust china economy.