Posted by BobAxelrod33 > 2023-03-20 18:48 | Report Abuse

James darling, didn't I tell you not to use your 180 million RUPPIAH and flush all at once on this??? LOL

Posted by BobAxelrod33 > 2023-03-20 18:49 | Report Abuse

James is now cutting all losses at MyEg to cover his position at Genting.......later might even cutkuku.......

Posted by prudentinvestor > 2023-03-21 11:04 | Report Abuse

Those who are scared of bank failures should withdraw all their money from the banks and keep cash at home. I have full faith in our local banks.

Posted by neohts > 2023-03-21 13:32 | Report Abuse

No update and news on GenB ?

Posted by DestinyL > 2023-03-21 13:37 | Report Abuse

So far I only see bad news, RWNY and Catskills reduced gross profit
Need to checkout Gens and GenM performance

Posted by BILLC > 2023-03-21 15:52 | Report Abuse

Yes bad news everywhere,,,better runnn for your life,,,boh chow siiiiiiiiii,,,,,,

Posted by choysun > 2023-03-21 16:30 | Report Abuse

Be patient, accumulate :)

Posted by ClaraChan94 > 2023-03-21 17:13 | Report Abuse

Can wait for 52 weeks low then collect again I guess...

Posted by 1invest1 > 2023-03-21 17:19 | Report Abuse

Sister stock GM down today.

GB stockist playing pump to dump game again?

Posted by choysun > 2023-03-21 18:22 | Report Abuse

52 weeks low is a big ask. Maybe closer to state elections there may be some negative sentiments but Q1 results should be out then and likely to be good.

Posted by stkoay > 2023-03-21 21:49 | Report Abuse

@choysun, how is the US market tonight?

Posted by RWG > 2023-03-21 22:16 | Report Abuse

very good

Posted by stkoay > 2023-03-22 11:07 | Report Abuse

So quiet, many already cut loss ?

Posted by thurston > 2023-03-22 11:10 | Report Abuse

Genting Singapore share price is now SGD 1.10, 20% above pre-pandemic level.

Genting Berhad owns 52.5% of Genting Singapore. This shall reflect to its value below,

1.10 x 3.34 x 52.5% x 12B (GenS share number) / 3.85B (GenB share number) = rm 6.00.

Please note this value has not included Genting Malaysia, Genting Plantation, Genting Energy, Resort World Las Vegas and Taurx.

Posted by dragon328 > 2023-03-22 11:36 | Report Abuse

Genting Singapore share price rally is well expected for reasons explained in my earlier article.

Maybank research yesterday upgraded Genting Singapore to a BUY with tp of S$1.18, an 23% uplift citing similar reasons. To note that its projected EBITDA of S$1.307 billion for FY2024 is not too far off from my earlier projection of S$1.4 billion.

I expect Genting Singapore share price to continue upwards trend to beyond S$1.20 in coming months. This will create another 60 sen in value to Genting Bhd.

Posted by stkoay > 2023-03-22 12:34 | Report Abuse

Two retail favorite ....Genting n PBB are down.
One institution favorite, the Big Blue is up.

May be, retailers are selling ahead of FOMC announcement on rates

Posted by DestinyL > 2023-03-22 12:45 | Report Abuse

NTA doesn't mean much for conglomerate shareholders
The cake is yours but not for your eating, how?
Unless there is high dividend payout from Gens, and GenB other entities are not negating the profits

Posted by DestinyL > 2023-03-22 12:47 | Report Abuse

As usual, another big impact is when your subsidiaries gives you the equivalent high dividend, and you squander the profits via RPTs

Posted by stkoay > 2023-03-22 14:10 | Report Abuse

Posted by DestinyL > 1 hour ago | Report Abuse

NTA doesn't mean much for conglomerate shareholders
The cake is yours but not for your eating, how?
Unless there is high dividend payout from Gens, and GenB other entities are not negating the profits

____________________________________________________________________

Agree !

Posted by 1invest1 > 2023-03-22 14:48 | Report Abuse

Simple, park some $ in MBB.

Posted by stkoay > 2023-03-22 14:58 | Report Abuse

https://www.theedgemarkets.com/node/659583

KUALA LUMPUR (March 17): Rakuten Trade said it will not be surprised if foreign funds make a U-turn back into the Asia market over the next couple of months, amid the erratic US market and the recent banking debacle.

Rakuten Trade head of research Kenny Yee said that investors are getting more risk-averse, seeing that the volatility in the US and Europe is increasing, and will shift their attention back to Asia, which they have been ignoring since the 2020 pandemic period.

“With their abundance of liquidity, they have been comfortable trading within their own market, but now with high risks there, I think they have no choice but to start looking at Asia again,” Yee said in the firm’s virtual media briefing on Friday (March 17) regarding Malaysia's second-quarter market outlook.

“There will certainly be a realignment of their portfolios. Some foreign funds will look to diversify their portfolios, especially for the financial sector. I think they are selling Western banks to look at Asia banks which, I say, are more stable and better capitalised.”

Posted by Michael_chan2022 > 2023-03-22 15:10 | Report Abuse

Why banks?
Never see Sembcorp U96 in full action meh?

Posted by Michael_chan2022 > 2023-03-22 15:11 | Report Abuse

But GenB is still the best recovery stock to hold. Cheers!

Posted by Michael_chan2022 > 2023-03-22 15:18 | Report Abuse

STI green green.. chiong 50 pts up

Posted by prudentinvestor > 2023-03-22 21:56 | Report Abuse

"Once bank crisis start, gov immediately takeover (delisted) - shareholder total loss
Basically 100% loss within days - somemore without warning (nobody know bank trouble until too late)"
@MoneyMakers, Can you give one example of bank failures which occurred in Malaysia over the past 40 years and which resulted in shareholders losing all their money?

Posted by Michael_chan2022 > 2023-03-23 07:35 | Report Abuse

https://www.cnbc.com/2023/03/22/treasury-will-do-whatever-it-takes-to-ensure-savings-remain-safe-yellen-to-tell-senators-.html

Ang mohs rushing to withdraw money from the banks.. safer to put under their pillows

Posted by Michael_chan2022 > 2023-03-23 07:41 | Report Abuse

https://www.bloomberg.com/opinion/articles/2023-03-22/silicon-valley-bank-ran-out-of-money#xj4y7vzkg

https://www.cnbc.com/2023/03/22/live-updates-fed-rate-march.html

Banking stocks are safe meh?

Posted by neohts > 2023-03-23 07:58 | Report Abuse

Genting Bhd got nothing to do with US bank.

Posted by Michael_chan2022 > 2023-03-23 08:23 | Report Abuse

Of course GenB is still the best... many are quietly accumulating

Posted by Michael_chan2022 > 2023-03-23 09:18 | Report Abuse

GenB.. go..go

Posted by DestinyL > 2023-03-23 12:18 | Report Abuse

I have stated my intention long time ago to switch Genting to Aji
Should've made more switching when GB shot up to around 5+ but decided to wait for the QR for bulk switching
Aji was around 13.80 at the time

Posted by DestinyL > 2023-03-23 12:26 | Report Abuse

Instead, I was bombarded to talk good on Aji here in GB forum, and the die hard investor with seemingly bottomless fund says MSG is dying lol
I didn't know forums were for good news only, and I still pity those who thinks so lol

Posted by Michael_chan2022 > 2023-03-23 12:56 | Report Abuse

Good. This is the stock I added the inv. funds because of the higher than expected impairment losses declared in 2022. Many sti listed companies have done it in 2021

Posted by Michael_chan2022 > 2023-03-23 12:58 | Report Abuse

GenB ..go go

Posted by prudentinvestor > 2023-03-23 12:59 | Report Abuse

"@Prudentinv No use see history
Credit Suisse (170 yrs) / SVB (40 yrs) / silvergate bank (30 yrs) / signature bank (20 yrs) - all sudden collapse no warning (shareholder 100% loss)
Switz gov even bypass ‘shareholder vote’ - forcesell credit suisse"
@MoneyMakers, I asked you if there was any collapse of Malaysian banks which resulted in shareholders losing all their money in the past 40 years. Why did you keeping harping about foreign banks? Don't avoid my question.

Posted by 1invest1 > 2023-03-23 13:09 | Report Abuse

DestinyL
GB $4.26 Oct '22 $4.53 now
Aji $11.00 Oct '22 $14.76 now
DestinyL you are right.
GB not as profitable stk trade as Aji

Posted by neohts > 2023-03-23 13:12 | Report Abuse

https://www.theedgemarkets.com/node/660347

“Going forward, consensus is projecting the group to make [a] net profit of RM1 billion for FY December 2023 and RM1.27b for FY December 2024, translating to forward PERs of 14.5x and 11.4x respectively,” it said.

Posted by Michael_chan2022 > 2023-03-23 14:13 | Report Abuse

Good. GenM's directors are buying own company shares .. what does this imply

Posted by Michael_chan2022 > 2023-03-23 14:17 | Report Abuse

Lai lai.. don't miss this best recovery stock in 2023

Posted by ClaraChan94 > 2023-03-23 14:29 | Report Abuse

One of the best recovery stocks, but taken over by AAX which shot up from 60 cents to RM1.60...

Posted by Michael_chan2022 > 2023-03-23 14:38 | Report Abuse

Buy...GenB to follow suit

Posted by prudentinvestor > 2023-03-23 15:03 | Report Abuse

@MoneyMakers
"@Prudentinv MY got many failed bank in 1997 crisis - merged under MBB/PBB/CIMB"
There was no bank failure per se in Malaysia during the 1997 financial crisis. After the crisis, Bank Negara directed big banks like MBB to take over/merge with smaller banks so that the merged banks were stronger and more efficient and hence more competitive.
"Coming bank crisis - gov takeover everything like in US/Switz (shareholder 100% loss)"
I won't say it would never happen but is highly unlikely. Do you think the government would allow ASB to lose all its money? You are highly imaginative.

Posted by MoneyMakers > 2023-03-23 17:00 | Report Abuse

Aiyoyo bank negara force merger means bank fail lo

Dont compare urself to ASB - they easily survive even if bank stock collapse

Now riskiest time to own banks (high interest rate destroy banks balance sheet) - anytime can total 100% loss no warning

Posted by prudentinvestor > 2023-03-23 17:46 | Report Abuse

@MoneyMakers
"Aiyoyo bank negara force merger means bank fail lo"
No bank had failed. It is your warped opinion. Name me one bank in which the shareholders lost all their investments. In fact smaller bank shareholders had been offered prices higher than their banks' net book values.
With political uncertainty and PN gaining support, the riskiest time is to own a casino counter. Banks are very, very unlikely to fail in this country but casinos/gaming outlets can be closed anytime.

Posted by prudentinvestor > 2023-03-23 18:00 | Report Abuse

I bought Maybank at around RM8.50 a share and Genting at RM5.15 just over 3 years ago. To date, Maybank has already paid me RM1.77 a share in dividends and another 30 sen would be paid tomorrow. I disposed of Genting over a year ago for a small loss and switched to Maybank. I don't know how much Genting has rewarded its shareholders but it should be less than 25% of what Maybank pays its shareholders. It should be very obvious to everyone which counter is a better investment.

Posted by James_Bond > 2023-03-23 18:15 | Report Abuse

Congratulations comrades! Hv faith in Genting Berhad and you will be rewarded greatly! Mark my words! Cheers!

Posted by prudentinvestor > 2023-03-23 20:55 | Report Abuse

@MoneyMakers
"Gdluck lo hodl banks"
I don't invest in Maybank and then pray that luck would be with me. I have 100% faith in my investment. You should pray that PN doesn't win the next GE, meaning your investment is risky. Don't worry about bank failures in Malaysia, let alone Maybank failure. It is a figment of your imagination. Instead worry about Genting, worry when it can earn over 70 sen a share and pays 60 sen a share in dividend yearly.

Posted by prudentinvestor > 2023-03-23 22:04 | Report Abuse

@MoneyMakers
"wont save u when bank crisis hit (high interest rate = bad 4 banks)"
Banks are benefiting from higher interest rates. DBS Bank has seen its profits surge from higher interest rates. Wonder where you studied economics.
"Wait & see lo if bank collapse this yr - very high risk"
Don't worry about bank collapse. Genting has a much, much higher chance of collapsing.
https://www.reuters.com/business/finance/singapore-bank-dbs-q4-profit-soars-68-flags-robust-outlook-2023-02-12/

Posted by MoneyMakers > 2023-03-23 22:45 | Report Abuse

@Prudentinv Got old saying - ‘high interest rate good 4 banks until they’re not’

Go learn higher level economics & will understand how high interest rates destroy/collapse bank

Posted by James_Bond > 2023-03-24 07:33 | Report Abuse

Real facts as below:-

1. Genting Berhad is a net cash company with cash/ total current liability of 2.70! 



2. No Prosperity tax will impose to Genting Berhad because for the past few years Genting Berhad in huge loss. 



3. Tourism is the best way to move forward now to increase Gov revenue without spending a single coin from government.



4. Genting Berhad has lucky 7 turbocharged engines. 



Turbocharged Engine 1: Genting Singapore, transforming to RW 2.0, one of the world best resorts for tourists. Recent QR showed that revenue and profit improved tremendously! 




Turbocharged Engine 2: Genting Malaysia, holding the monopoly casino business in Malaysia. With the opening of the new Sky-world theme park + higher rental fees + higher hotel rate per night, definitely will generate more profits to Genting. 

 


Turbocharged engine 3: High palm oil price, depreciating ringgit, will bringing more profits to Genting Plantation and Genting Berhad. 

 



Turbocharged Engine 4: High turnover of visitors to Genting premium outlets with higher parking rate and rental fees will bring higher profits to Genting Plantation/ Genting Berhad. 

 



Turbocharged Engine 5: High oil and gas price will bring more profits to Genting berhad! 

 



Turbocharged Engine 6: TauRx, awaiting FDA approval for Alzheimer treatment. 
 



Turbocharged Engine 7: Genting Berhad is going to auction off Miami property, which it acquired in 2011 for US$236 million. This Miami property worth more than US$1000 million at current market value. 



All in all, Genting is your Best of the best investment in 2023. Creme de la creme. 



To all Genting shareholders, I wish you all, Happy Investing in Genting Berhad with glamorous returns! 



Best Wishes,

-James_Bond-