Posted by WinSSP > 2022-07-15 15:42 | Report Abuse

if no speak thai, siapa dare do biz in thailand with current govt structure? Nanti lesen kena tarik balik, all investments down the drain. That’s why GB chose to do biz in SG, in US & UK…. outside Msia

Posted by nicholas99 > 2022-07-15 15:49 | Report Abuse

it proved what i mentioned is right .... genting lose big in las vegas.

KUALA LUMPUR (Feb 24): Genting Bhd slipped into the red in the fourth quarter ended Dec 31, 2021 (4QFY21), posting a net loss of RM129.81 million — its fourth straight quarterly loss — compared to a net profit of RM24.98 million a year ago, on higher depreciation and net finance costs arising mainly from Resorts World Las Vegas’ commencement of operations.

The group's quarterly performance was also dragged down by the higher share of losses in joint ventures and associates, mainly due to a share of loss from the Meizhou Wan power plant in China as a result of higher coal costs despite better generation.

Posted by nicholas99 > 2022-07-15 15:49 | Report Abuse

That's why they want to sell one of their golden egg in Genting Singapore.

Posted by nicholas99 > 2022-07-15 15:50 | Report Abuse

Bloomberg is reporting that MGM recently approached the Lim family to gauge interest in a deal and although no such agreement was reached, MGM “could resume its pursuit of the company.” The report suggests that other potential suitors are also studying Genting Singapore, which has traditionally been Genting Group’s most profitable entity since RWS – one of only two integrated resorts in Singapore alongside Marina Bay Sands – opened in 2010.

It was also one of the group’s few businesses to remain profitable through much of the COVID-19 pandemic, having most recently reported a 13% year-on-year increase in revenues to SG$315 million (US$225 million) and 17% increase in net profit to SG$40 million (US$29 million) in 1Q22.

Genting Singapore’s Malaysian-listed parent, Genting Berhad, owns 53% of the business.

Posted by nicholas99 > 2022-07-15 15:50 | Report Abuse

bad deal if goes through.

Posted by nicholas99 > 2022-07-15 15:51 | Report Abuse

should sell the LAS vegas casino to fund thailand casino

Posted by Goldgent > 2022-07-15 16:07 | Report Abuse

Shhh..............
Don't guess & speculate, wait for Genting Singapore announcement.

Posted by RWG > 2022-07-15 16:15 | Report Abuse

sorry gens is not for sale

Posted by RWG > 2022-07-15 16:38 | Report Abuse

sell everything in KLCI , looks like going to collapse slowly slowly

Posted by KooSan > 2022-07-15 16:58 | Report Abuse

Trading Halt means something is brewing. Genting Berhad the parent co already control 52% of Genting Sg

Posted by WinSSP > 2022-07-15 17:13 | Report Abuse

https://www.theedgemarkets.com/article/genting-malaysia-warns-website-imitations

Posted by 1invest1 > 2022-07-15 17:17 | Report Abuse

RWS is profitable & not for sale.
Operator using talk to PLAY w price
After talk, side effect price up 1 - 2 days
Just a 1 - 2 days affair ONLY, then drop
After few days price DROP back.
Maybe DROP MUCH MORE.
US economy & finance leads stk mkts
INFLATION, MORE RATE HIKES.
Mkts & stks may still fall further.
It's not even close to the bottom yet.

Posted by ImCK > 2022-07-15 17:22 | Report Abuse

nicholas99 dont know accounting diam diam la higher depreciation do you know what is this means? if dont know go check youtube or google . depreciation no relate with business only for business NTA calculation

Posted by OnTime > 2022-07-15 17:48 | Report Abuse

a good businessman will sell if the price is very right (nothing is forever)

Posted by BradonOoi > 2022-07-15 17:49 | Report Abuse

Nice. Steadily up is good enough during this kind of market condition

Posted by WinSSP > 2022-07-15 17:49 | Report Abuse

Agree @OnTime

Posted by mem_pool > 2022-07-15 17:49 | Report Abuse

they wont sell lor, keep on dreaming please

Posted by emsvsi > 2022-07-15 17:59 | Report Abuse

YES TODAY FRIDAY GO GENTING GREEN FORUM SO HAPPENING ITS ALL COMING BACK TO ME NOWWW

Posted by emsvsi > 2022-07-15 18:01 | Report Abuse

GET MGM TO BUY GENTING AT 2X P/B STILL BELOW US CASINO P/B 3X HOOT9EEE

Posted by RWG > 2022-07-15 18:42 | Report Abuse

genting name so famous around the world,

Posted by OnTime > 2022-07-15 19:17 | Report Abuse

except genting hong kong

Posted by RWG > 2022-07-15 21:27 | Report Abuse

us future up 400++

Posted by newbie2019 > 2022-07-15 21:29 | Report Abuse

so any solid news?

Posted by DestinyL > 2022-07-15 21:45 | Report Abuse

I agree nothing is forever
Hopefully MGM bids really good price for this golden goose lo, like maybe capital return of RM5 for each Genting Berhad share? lol

Posted by DestinyL > 2022-07-15 21:48 | Report Abuse

Maybe RM3 is also good lol, TP RM3!

Posted by choysun > 2022-07-15 21:56 | Report Abuse

Err, maybe nego a JV so that Genting has JV stake in Osaka, Japan as well? Hmm...

Posted by DestinyL > 2022-07-15 21:59 | Report Abuse

That may be a trap leh

Posted by choysun > 2022-07-15 22:02 | Report Abuse

Yeah, but I don't like selling golden goose leh.

Posted by DestinyL > 2022-07-15 22:05 | Report Abuse

If MGM pays SGD1 per share, means price is SGD12b
Assuming Genting owns 50%, that would be worth SGD6b, or roughly MYR19b
GB has about 3.9b issued shares, so about MYR4.85 per share lol
Power of dreams

Posted by DestinyL > 2022-07-15 22:07 | Report Abuse

GenS has about 12b issued shares

Posted by DestinyL > 2022-07-15 22:09 | Report Abuse

Doesn't seem like a good deal. Don't think LKT will give capital return of even RM1

Posted by DestinyL > 2022-07-15 22:10 | Report Abuse

After selling, GB price will be slashed too

Posted by Sunflower01 > 2022-07-16 09:31 | Report Abuse

yup

Posted by WinSSP > 2022-07-16 10:51 | Report Abuse

guess ideal situation wld be a joint branding with mgm with more dollars pumped into the Sg business, with a view to list RWLV. Next month look forward to Q2 results which would include 1st full year results for RWLV. Current president was ex-mgm ceo

Posted by WinSSP > 2022-07-16 11:14 | Report Abuse

correction… view to list its US businesses, not list RWLV….

Posted by WinSSP > 2022-07-16 11:19 |

Post removed.Why?

Posted by WinSSP > 2022-07-16 11:53 | Report Abuse

from Taurx website，

https://taurx.com/news-insights/trial-approval-in-china-supports-global-development-strategy-for-taurxs-oral-tau-aggregation-inhibitor

Posted by emsvsi > 2022-07-16 13:03 | Report Abuse

YES EVEN IN A POTENTIAL DOWNTURN, MGM WANTS TO BUY GENTING SINGAPORE THAT TELLS YOU GAMING IS FOREVER AND ETERNAL GENTSG BOOK VALUE SGD 0.65 SELL TO MGM 1.95 3 TIMES BOOK STILL CHEAP WHEN CHINA REOPENS

Posted by emsvsi > 2022-07-16 13:04 | Report Abuse

AS ALWAYS GENTING TO THE SKIES AND BEYONDDD

Posted by Casual_Analyst > 2022-07-17 00:30 | Report Abuse

@emsvisi I think if GENS can sell at 1.0x to 1.5x PB is good for Genting Berhad to unlock its value, and hopefully got Special Dividend too.

Majority of IBs value GENS at RM4.00 per share for GENT (at avg 8x EV/EBITDA), but gave a steep discount of 40% ~ 50% Holding Co. discount.

Posted by emsvsi > 2022-07-17 12:22 | Report Abuse

WHO CARES WHAT ANALYSTS THINK JUST ASK ALBUKHARY AND MMC'S PRIVATISATION

Posted by DestinyL > 2022-07-17 12:29 | Report Abuse

IMO selling GenS at RM4 per share is not a good deal to minorities
GB NTA may grow to RM12, but any capital returns that LKT would approve, will not be worth the share price reduction post sales of GenS
Unless of course, MGM pays a big premium of say RM8 per share, then there is hope capital return of >RM1, while GB share price will reduce by only say RM0.50

Posted by Calafate > 2022-07-17 15:50 | Report Abuse

Hehe, our i3 members point of views might be too amateur. Let's read what the experts says.
'JP Morgan analyst opinion on Genting Singapore rumors'.
https://agbrief.com/news/singapore/15/07/2022/genting-singapore-stock-suspended-following-mgm-investment-reports/

Posted by Income > 2022-07-17 16:38 | Report Abuse

Sleepy Zzzzzzzzzzz

Posted by WinSSP > 2022-07-17 18:53 | Report Abuse

Thanks so much @Calafate for sharing very useful info

Posted by JBond007 > 2022-07-17 20:34 | Report Abuse

Back to normal. GENS resume trading tomorrow.
https://links.sgx.com/1.0.0/corporate-announcements/JMISLC4XMGVMC5IT/e94ab511372397bfa76b3f46d883f480cf1706190b3b0eb266363c72a9a904b6
https://links.sgx.com/1.0.0/corporate-announcements/ZM4XCDBWYFPUC624/72c5deda32b4e129b3a83951d315223bd85cbf89609ec714f09d318dbd0d4d01

Posted by JBond007 > 2022-07-17 21:11 | Report Abuse

Excerpts from GENS announcement:
Further to enquiries made by the Company of its Directors and senior management pursuant
to the queries from the SGX-ST, Tan Sri Lim Kok Thay, the Executive Chairman and indirect
controlling shareholder of the Company, has informed the Company that he is aware, by
virtue of his position as Executive Chairman and Chief Executive of Genting Berhad, that
Genting Berhad had received an unsolicited approach for its shareholding in the Company,
which has not been pursued.
Save in respect of the foregoing media reports and the information provided by Tan Sri Lim
Kok Thay, the Company is not aware of any information not previously announced
concerning the Company, its subsidiaries or associated companies which might explain the
trading on 15 July 2022. The Company will, in compliance with the Corporate Disclosure
Policy of the SGX-ST Listing Manual, make the necessary disclosures (if any) at the
appropriate time.

Posted by emsvsi > 2022-07-17 21:42 | Report Abuse

YES LOOKING FORWARD TO MGM MAKING AN UNSOLICITED TAKEOVER OFFER OF SGD $1.85 GENTS EVEN MGM CAN SEE THE POTENTIAL WHEN CHINA REOPENS HOOT9EEE

Posted by DestinyL > 2022-07-18 08:10 | Report Abuse

SGD 1.85 is quite close to RM8/GB share lol

Posted by DestinyL > 2022-07-18 08:12 | Report Abuse

Hope this isn't another private placement