Rate hikes are their weapons to manipulate the market, dont be fool by them, after mkt throw, it will up again do you see the mkt tanked after so many announcements ?
Genting’s Resorts World Sentosa set to benefit from return of Chinese travellers — report
KUALA LUMPUR (Aug 18): Genting Group’s Resorts World Sentosa (RWS) is set to benefit from the return of Chinese travellers, according to industry magazine Inside Asian Gaming (IAG).
In a report on Thursday (Aug 17), IAG cited analysts as saying that the influx of Chinese tourists bodes well for Singapore’s two integrated resorts — Marina Bay Sands and RWS — after each booked strong financial results for the June 2023 quarter.
Malaysia outperforms regional peers in 2022 tourism recovery, says StanChart
By Chester Tay / theedgemarkets.com 25 Apr 2023, 01:36 pm
KUALA LUMPUR (April 25): Malaysia had the quickest tourism recovery among its regional peers last year, recovering 92% of tourist arrivals compared to 2019 levels, driven by visitors from Singapore, according to a report by StanChart Global Research.
Six decades on, Malaysia’s revamped Genting Highlands sports new look to woo tourists....
This article appeared on the Singapore Business Times on Saturday, 18 Aug2023 ·
On Top of the Hill No longer just a casino destination, the mountain top resort now known as Resorts World Genting draws well over 22 million visitors a year
Rooms in Genting Highlands are selling like hotcakes.... The majority of those who can't secure a room have no choice but to just do a day trip or stay at other areas such as mid-hill
I am sadly predicting half year performance below expectation, you see selling pressure as insiders being to load….normally you should see price rising even though overall market sentiment is pretty bad. Genting has been poor in managing costs and this will filter through lower profitability. The only big catalyst I see is Taurx.
Good point @Riaz1954. There are also numerous scenarios where stock prices rise before a financial report, but then the company announces disappointing results and the stock price tanks. Let's hope for the best outcome for Genting. Cheers!
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_chan2022
3,349 posts
Posted by Michael_chan2022 > 2023-08-17 10:28 | Report Abuse
Betul...will strengthen its support. Sifu said 是第二隻腳