Posted by keyman > 2 months ago | Report Abuse

See tired to average down if you bought at high. So lucky with holding cash... @ Sifu michael 补货补到手软了吗

Posted by Balian de Ibelin > 2 months ago | Report Abuse

3.90 is new Short Seller target

Posted by Balian de Ibelin > 2 months ago | Report Abuse

At this rate 2.50 will be achievable

Posted by KooSan > 2 months ago | Report Abuse

I think GB kena fine for money laundering.....rumours....

Posted by Balian de Ibelin > 2 months ago | Report Abuse

Small issue
Lucky the Gaming Commission did not force him to transfer casino to Trump or Najib@ Sungei Buloh

Posted by Balian de Ibelin > 2 months ago | Report Abuse

Fines are peanuts
Have a cookie 🍪

Posted by MoneyMakers > 2 months ago | Report Abuse

BREAKING - RAV Bahamas filed a law suit with Florida federal court on Monday demanding Genting pay more than $600 Mil in damages for allegedly turning the project into a “financial wasteland” via a near-billion dollar liability “dump”.

Resorts World Bimini’s 2022 financials showed that the company was effectively insolvent - with $191 Mil in assets dwarfed by $885 Mil in liabilities

Posted by neohts > 2 months ago | Report Abuse

Why there are no official announcement from Genting management to explain situation.
I can't find any latest GENB news in Bursa and local new paper.

Posted by AngTayKor > 2 months ago | Report Abuse

Posted by hng33 > 3 hours ago | Report Abuse
RESORTS World Bimini’s original developer is demanding its Genting partner pay more than $600m in damages for allegedly turning the project into a “financial wasteland” via a near-billion dollar liability “dump”.
---------------


This one can be quite serious. The amt involved is very big US$600m = MYR2.5B. RWLV duno will kena summon how much + kena black mark. NYC casino licence chances getting slimmer and slimmer. If no NYC casino full licence, USA IPO plan hungkan liow. Better be cautious here, the company's fundamentals could be affected by these American cousins problems.

Posted by AngTayKor > 2 months ago | Report Abuse

Posted by neohts > 4 minutes ago | Report Abuse
Why there are no official announcement from Genting management to explain situation.
I can't find any latest GENB news in Bursa and local new paper.
-------------

I think this news is true. Case already filed to court liow. Last time RWLV money laundry case also no Bursa announcement. Price action last week already giving warning, insiders could be selling last week hence safer to "Sell At Rebound".

Posted by neohts > 2 months ago | Report Abuse

All the passed year losses or write off should be accounted for in quarterly report.
If not auditors won't sign and approved the financial report.

Posted by eagleye > 2 months ago | Report Abuse

This one may become a big case.

May affect NYC's license bid &
May end up getting into Gaming Commission of Nevada
(even though outside Nevada jurisdiction) or
if there's any
Gaming Commission of Federal Govt, US.

May affect multiple fronts of its US businesses, especially license bid of NYC with this issue in
bad image & in litigation.

Wonder if would hit GB price down to 3.70+
with all the Bad, Negative, Terrible probable & possible consequences.

Posted by eagleye > 2 months ago | Report Abuse

This alleged case may be filed in Miami a few days ago.

Do your homework to access the source of information.

This is breaking new news today.
It unfolds and unravels just today.

Posted by Janus Mun > 2 months ago | Report Abuse

4.05-4.06 will be the support?lets wait and see these few weeks....

Posted by keyman > 2 months ago | Report Abuse

Do any one count how many incident happened on genting this few years? Really bad karma... Siapa tumbang Siapa kena.... Keep far away...

Posted by Janus Mun > 2 months ago | Report Abuse

have faith in GB....capital A price also can rebound for a bloody losing company......90% said capA will go below 60c...now?it was 1.03 last week or so ago.....

Posted by mushimushi > 2 months ago | Report Abuse

The music is about to stop
It's 30 seconds till midnight
AngayKlown had sarked the 99th men's DK out of 100

Posted by newbie2019 > 2 months ago | Report Abuse

walao
so extreme forum

Posted by MoneyMakers > 2 months ago | Report Abuse

Normal here many dont like AngTKlown

Empty tin milo bang loudest + attitude/mental prob

Posted by eagleye > 2 months ago | Report Abuse

Nxt wk may be more coverage of news.

i3 forumers first to get news today, Fri.
Nxt wk more ppl become aware.
Nxt wk many shareholders become aware.

More excitement to buy or panic to sell ?

This is only beginning of alleged case !

Posted by Janus Mun > 2 months ago | Report Abuse

steady.....GB is not a penny stock ya

Posted by keyman > 2 months ago | Report Abuse

Yes as from 4. 00to 1.xx jialat also no penny but rubbish lo...

Posted by Janus Mun > 2 months ago | Report Abuse

today GB price bounced from the trend line from 3.39 to 3.88 to now 4.05....wait and see next week,broke lower than 4.05.....trend super bearish

Posted by AngTayKor > 2 months ago | Report Abuse

MM ah, check old posts la. Trader sold at rebound locked in meagre profit, also advised people here to "Sell at Rebound" since last week. Got skill no skill people will know la. You spinning BS only out of extreme jealousy people also know la. Go and learn some real TA skill la.




Posted by AngTayKor > 1 week ago | Report Abuse

Share price is now caught between rocks and hard place.

Multiple tens of millions shares were bought cheap at 4.11 and 4.12 from 11/9 to 27/9 (including trader here). The rally has stalled, price reversed back down together with KLCI. These group of low priced buyers may choose to cut-win with minor profits. Any rally higher will be a good bonus.

Likewise, multiple tens of millions shares were also bought at 4.30 zone during 5/8 to 3/9, after 6 sen exdiv price will be 4.24 zone. These group of buyers were trapped at higher price with some waiting for better price to cut loss. Any rally will attract some from these group to cut loss.

Tough spot now. Savvy traders will lighten trading positions, safety always comes first. Anything can happen in the stock market.
-------------------


@neohts, price trading at tight range for now. KLCI has been drifting down, foreigners have been big sellers recently at Bursa (-rm322m on 04/10/2024), probably to lock in profit and switching out of ringgit which has been depreciating over the past week. Traders tend to adopt "sell at rebound" strategy under such scenario.

Posted by MoneyMakers > 2 months ago | Report Abuse

Aiyoo AngTKlown give bad TA (buy 4.25++)

Suddenly show ‘trading record’ (profit) how to believe leh kikiki

Posted by MoneyMakers > 2 months ago | Report Abuse

AngTKlown - bad qtr end TA (buy 4.25++) / suddenly magic ‘profit’ / after heavy drop say ‘sell rebound’ (hindsight report)

MM - Perfect TA breakdown under 4.30 / reversal 4.09-4.2 / breakdown under 4.10

AngTKlown See difference between amateur vs expert (accuracy/precision)

Ur nowhere near my level leh..u dont even have any level (hindsight report = level 0) kikiki

Posted by AngTayKor > 2 months ago | Report Abuse

Posted by MoneyMakers > 8 minutes ago | Report Abuse
Aiyoo AngTKlown give bad TA (buy 4.25++)
Suddenly show ‘trading record’ (profit) how to believe leh kikiki
-----------

2 weeks ago when MM fear mongering at 4.10 zone, trader bought at 4.11 n 4.12 then. Bad karma MM missed the big rally to 4.31. After Iran bombing, trader sold at rebound everyday thereafter. Price never went below my entry price last week. How not to make meagre trading profit? MM's math fail? Continue to eat your sour grapes MM. You fear monger some more hoping you can buy cheaper, you will kena more bad karma. You have to believe in karma MM. Karma is real.





Posted by MoneyMakers > | Report Abuse
Dont trust GB longterm with such terrible QR
Strong MYR not good for SG/US biz..rate cut savings also wont see in coming Q3 QR
---------
Just matter of time break under 4.10 - might take few days (slow week)
---------
Walao touch 4.10 again - looking good
------------
Only want see divergence under 4.10 by Friday kikiki
------------
Bearish closing 4.12 - gonna challenge 4.10 again nxt week
========================
PRICE IMMEDIATELY ROCKET TO 4.31
========================

MM ah, you are the one and only Tin Kosong here la. WAHAHAHA..... 🤣🤣🤣

Posted by mushimushi > 2 months ago | Report Abuse

The music is about to stop
It's 30 seconds till midnight
AngayKlown had sarked the 99th men's DK out of 100

Expecting black Monday, Israel to retaliate on Iran soon, or declare war on UNFIL instead?

Posted by neohts > 2 months ago | Report Abuse

I do not see any news related to GenB in Bursa today. Meaning No news is good news.

Posted by ImCK > 2 months ago | Report Abuse

next year will be good this year boss rabbit 犯太岁

Posted by Ytl2023 > 2 months ago | Report Abuse

Almost like ytl power case. News leaking everywhere on net on genting. Monday sure below 4.

Posted by Janus Mun > 2 months ago | Report Abuse

ytl and ytl power the trend was over months ago,the correction for both of those counters was way over dued and was just riding the good news of NVDA bull run....their elliot wave count plus fibo also over,way way overbought on all time frames....its not the same with GB

Posted by Balian de Ibelin > 2 months ago | Report Abuse

Of course Black Monday
Limit Down?
Trading Suspended?😁

Posted by choysun > 2 months ago | Report Abuse

Short position reduced. At 4.44m. Short sellers don't want to play liao?

Posted by prudentinvestor > 2 months ago | Report Abuse

"Genting Berhad (3182) - From Downtrend to Breakout"
We saw this piece of news on 1 Oct. Exactly the opposite is happening! No breakout, only continuous downtrend.

Posted by Balian de Ibelin > 2 months ago | Report Abuse

It was a typo.
The underpaid sexytary purposely changed the write up from breakdown to breakout.

That's the Truth from Occam's Razor.
After the Truth comes reconciliation with your massive losses.

Posted by AngTayKor > 2 months ago | Report Abuse

False breakout. Pump to dump. Many retailers kena trapped. Insiders knew this news earlier n started selling first. Its not because of iran bombing but due to this latest USD600M RW Bimini bomb. Lucky follow price action n own trading instinct something must be wrong quickly sold at rebound else now lose money. Knn this LKT, biz partner also want to makan. Pooi!

Posted by Balian de Ibelin > 2 months ago | Report Abuse

In reality => Writeups are always 100% done when somebody wants to dump their shares.

When Lay Hong dumping occurred, beautiful charts and pie charts and statistics were wrote up for Whales to dump to Bilis.

Same thing occurred in Lonbisc where a famous i3 Blogger and book author gave beautiful comments to get Bilis to buy up Lonbisc

Posted by Balian de Ibelin > 2 months ago | Report Abuse

Going back to History.
Early days of casino was losing money.
So some Koreans were hired. These Koreans made profit using maths and Statistics.
So Genting has its own proprietary Casino Management Software to charge royalty etc etc to "others".
However the charge out must be proportional to Bimini Revenue of usd22 million.
Someone must have made a mistake somewhere to charge out usd 600 million.

Posted by prudentinvestor > 2 months ago | Report Abuse

Lonbisc and Harnlen are under the same group of people. Don't have faith in their management. Held Lonbisc and Harnlen shares years ago, didn't make any money, so disposed of without incurring any losses.

Posted by AngTayKor > 2 months ago | Report Abuse

The RWLV case I believe was a sabo by competitors vying for NYC licence. This RWB case is LKT's own doing. Own biz partner also want to scam. NYC licence probability chance getting slimmer. LKT's reputation in USA gaming circle chao liow. How to IPO in USA next time?

Posted by chamlo > 2 months ago | Report Abuse

Budget 2025 coming soon. Will there gaming tax increase or inheritance tax?

Posted by AngTayKor > 2 months ago | Report Abuse

Anything is possible. But any small increment is small change compared to usd600m RWB bomb. Really unexpected. LKT ah LKT biz partner also want to scam.

Posted by MoneyMakers > 2 months ago | Report Abuse

“1 week ago
MM use some FA la. Already over 50% discount to NTA for an index stock with forward PE slightly over 10. Miami land n Taurx investment each sitting on multi-billion gains, what more you want? Aiyoyo must see over 60% discount to NTA then buy meh? Mr Market is not your lovely uncle or grandfather offering you buy 1 get 2 free type of deal la so dont try to push your luck too far la. Geeeez....”
=============

Went back see AngTKlown bullish call last week

Unfortunately all deleted except this kikiki

Posted by MoneyMakers > 2 months ago | Report Abuse

“2 weeks ago
Just matter of time break under 4.10”
==============

Ding3 4.09 new low closing - knock 4.10 door many times eventually sure break

Posted by Balian de Ibelin > 2 months ago | Report Abuse

I did not get 4.05.

Posted by MoneyMakers > 2 months ago | Report Abuse

‘Ask & u shall receive’

Like choysun everyday ask - finally get 4.10

Posted by Balian de Ibelin > 2 months ago | Report Abuse

I got 4.10
and dumped the hot potato 4.14 the day before

Posted by kent9988 > 2 months ago | Report Abuse

简单来说
genm和rav合资bb Entertainment’s genm 78% rav 22%
2012到2022 一共亏了700m usd
rav认为账目不清楚 不爽亏了那么多钱 所以sue genm要求600m usd赔偿。
这个新闻都是rav一方面的说法。
genm没有包输这个600m 除非账目真的有问题 而且要赔多少钱还是要法官判
如果账目没有问题，genm把bb卖了只要输700m的78%。这些输的钱早在以前的账目已经记录了。 对未来的账目不会有影响。

#做生意本来都没有包赢的 rav要包赢。
#纯属看了新闻后的看法 有错请更正

Posted by KooSan > 2 months ago | Report Abuse

No need to worry. Genting got deep pocket. Can hire 10 lawyers to defend...