Destiny, thanks very much for educating me! Much appreciated, will read during bed time! The fact remains Genting Nwrhad is behind the curve. Market is usually ahead of the share price action, but not in the case of Genting, which if the market was looking ahead it would be around 5.37 plus! By the way I don’t drive Rolls I invest in their shares, which excludes cars which is another company altogether. With your excellent investment knowledge you must be investing internationally?
Let’s hope GB breaks through RM 5, and stays above before CNY. In my reckoning meaningful rally in price should take the price beyond 5.37 and the catalyst could be the full year results, on February 23. There will be profit takers along the way as we have witnessed so far. Foreign institutional investment is the key.
UOB Kay Hian analysts said that Genting’s Malaysian list, Genting Malaysia and Genting Berhad, are “conspicuous laggards”, held back by Genting Malaysia’s ill-timed related-party transaction and the lack of foreign interest in Malaysian equities.
Laggard ?....is ok. I don't mind holding on for 1- 2 years
Michael Chan, thanks for sharing UOB analysts insight on Genting underperformance in relative terms. We all agree on this forum that Genting is a very good recovery story and has very good prospects given its leveraged position. I am heavily invested, but my concern is with related party transactions as well make up of shareholder base, which has no doubt impacted the performance. Let’s hope CNY, brings robust share performance matching Gentings undoubted prospects.
Related party transaction some time is good for shareholders! with Tuhan tolong! Remember years back, Genm used to be the major shareholders of Genting HK, LKT forsaw Cruise Business will be running well in future and wallop shares owned by Genm. LKT reshuffled and moved the direct shares owned by Genm to his Kien Huat holding co and subsequently distributed extra ordinary gain of such disposal as special dividend to Genm shareholders. At that particular time, A lot of Genm Shareholders were annoyed and got out of Genm. Who knows, blessing in disguise, due to Covid 19, Genting HK faced liquidity and ended up winding, Genm is not affected at all.
GUYS DONT BE LIKE THE BORING BANK PROMOTERS WHO BUYS SHARES FOR DIVIDENDS AND COMES TO GENTING'S (3182) FORUM ! REMEMBER GENTING BERHAD IS A CULT STOCK LIKE TESLA IS A CULT STOCK CAPITAL GAINS TO DA MOON !
YES BUY GENTING (3182) FOR DEEP VALUE (NTA=RM8.41 THAT HAS NOT BEEN REVALUED) AND FREE TAURX AND US IPO
WE KNOW FOR SURE THAT IS COMING BECAUSE LKT NEEDS THE FUNDS
NOW THAT KIEN HUAT HAS SOLD EMPIRE THERE IS NOTHING LEFT AND SO...AS MINORITY SHAREHOLDERS WE RIDE TOGETHER WITH THE MAJOR SHAREHOLDERS TO THE SKIES AND BEYOND
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....
SHQuah
5,363 posts
Posted by SHQuah > 2023-01-13 17:46 | Report Abuse
Beautiful close.