Replacing the two Genting stocks in the index could be Gamuda Bhd (KL:GAMUDA), ranked 17th, and 99 Speed Mart Retail Holdings Bhd (KL:99SMART), ranked 26th, in market capitalisation on Wednesday.
@ImCK, if tht’s d concern, I believe we shud send a constructive criticism across to management during next AGM to get a direct response from them as to wat cud b done to improve financial performance in concerned areas and, future direction of d company moving forward with high capex low returns dilemma. Possible?
hospitality is not low return you can see ebitda is very strong hospitality dont need produce something to earn its can be unlimited like theme park i can sell unlimited ticket until it flood flood until you cant stand is your problem then just get vip ticket vip ticket flood then just go vvip ticket earn several time from 1 customer
Also the trend had changed after covid. All this while tourists travel budget. Businessmen are the ones who throws away company money because its free money.
Nowadays with Doom, Zoom and Boom, its all done virtually. So the business market shrank noticeably. End Result => Genting & GenM results you see in QRs
ROE figures are available for free. and Hospitality and Airlines are just the pits and shits.
Do not complain if you are investing for pits and shits. If hospitality and airlines does not make your thingy erect, then you are in the wrong place and wrong forum to make money. Its that simple. 😁
Typical chinaman...lack of professionals to run properly. Lack of oversight and let the angmoh screw their ass. They think US is like our bolehland with tidak apa attitude?
1) Invest in sectors with high ROE otherwise do it for fun purposes. Genting was never in any sector with high ROE. Enough said.
2) If you do not invest in sectors with high ROE, you must invest in low ROE Sector Leaders. The high end Leaders of low ROE sectors can also make a reasonable return. Genting was never a sector leader in either gaming or hospitality. Enough said.
=> Do not complain if you screw yourself. => Be like MM who just comes here to toy with TAK => Be like TAK who just comes here to toy with MM 😁🤣
Group-wide, Genting Bhd reported Thursday a 5% sequential decline in revenue to MYR6.5 billion (US$1.46 billion) and a 15% decline in Adjusted EBITDA to MYR1.86 billion (US$418 million) on declines in Malaysia, Singapore and the US, partially offset by growth in its UK and Egypt resort segment.
Buy back genting and keep for 2 years. Bought it at this price during mco. Never say never in share market. Go back hiding and diam diam make money. Haha ha....
Gent and GenM are the only alien. Others generally performed better. At least do have glorious time now or before. Only Gent GenM still rubbish. And the boss seems to be proud of it.. I wonder where is Michael? No eyes see.. Coward liow? Come and fight for your 战国理论loh... Whats the biggest joke is this chat room 🤪🤪😁😁😁
No accountability. Big boss should solemnly declare that he would not draw a single cent of renumeration from the company unless its share price moves up to at least RM4.50 a share.
Posted by Michaelchan2024 > 2 months ago | Report Abuse 旧战国: 4.20 - 4.00 - 5.00 4.65 - 4.45 - 4.95 4.95 - 4.55 - 4.87 新战国: 4.87 - 4.65 - 4.18 - 4.50 - (5.50)? To me, it is of great significance; to those with ulterior motives, it is full of slander..
**************************** PRICE COLLAPSED TO 3.55 =================
Posted by Michaelchan2024 > 2024-08-21 10:25 | Report Abuse
很多事后諸葛亮嘛,吹起来谁不会? Haha, everyone can be a hindsight expert. He sold at 4.50...let’s see if he can actually buy back at ....4.40?? 😂🤣 and show his strategy in action. Making a 30-cent profit sounds good in theory, but we willl see if he can really achieve it!!! ============= COLLAPSED TO 3.55 =============
==> Broke below 4.00 key support to 3.55. It can be done. Trader was giving you 95 sen "profit". You didnt believe in trader's skill and prompt exit warning calls for year 2024, else could have easily exited at 5.20, 4.80+, 4.50 zones.
Primary down trends can go much much longer and lower than you expect or you remaining solvent. Many people who went totally broke, in debt / bankrupt punting the stock market. It is real
Posted by mushimushi > | Report Abuse I stand by LKT, he is not selling I'm not selling, unless the price hit my cut loss price of 3.60. ---------- Posted by mushimushi > | Report Abuse Only gay clowns post their fake trading records here. 🤣🤣🤣 ******************
Those were LKT's real trading records. He sold almost 30m shares at 5.30 zone, netting him over RM150m cash. If you still think its fake, you can check back historical Bursa company announcements.
Cunning LKT did not immediately declare to Bursa on the same day he sold. He only declared to Bursa over a week later, after he finished selling. Those 20m shares sold shares on 07/06/2022 were additional cumulative shares sold from 01/06/2022 to 07/06/2022 all lumped into one.
LKT is still drawing RM200m salary yearly even when company doing very badly over the past few years. LKT executed Related Party Transactions which the market felt are detrimental to the company hence stock price has been severely punished till today. LKT will quietly sell his shares before you know it, then declare to Bursa after he finished selling. Investors will sell off during price rebounds, not knowing when LKT will dump his next batch of 30m shares again. Rallies cannot be sustained, hence price always trending lower and lower.
Poor business performance aside, the above are some reasons related to LKT why Genting share price has been performing so badly + everyone in i3 f.arking LKT nonstop here. Jeepon clown want to stand by together with LKT??? You dont even know why you lost money investing into Genting after holding for years. Mushimushi The Jeepon Clown, you are really the biggest clown and joke here 🤣🤣🤣🤣🤣
“Trader always wait patiently for price to come to me. 4.00 please come soon” . “I hope he can buy more at 4.00 which trader also think its yummy price for a quick trade” . “Range bound now. 4.00 then wake up trader.”
Share prices take guidance from management actions. After the Empire Resorts fiasco, Genting had become the unwanted outcast. Investors believe that the ER episode will repeat and repeat unlimited times. End result many investors just dump when they manage to find a better alternative.
Many people had complained to me about, if profit you take but if loss you dump to public listed company, just looks bad. The optics is very bad. If ER was bought under PLC in the first place and then huge loss will still be better optics.
Even today, people still talk about this violent Red Wedding ER episode at wedding dinners. The huge dump of a loss making company. Reputation is now permanently damaged in this generation.
These few days/months many people cut loss to enter US market bull run. A repeat of the AFC but restricted to GenT and GenM so become a mini AFC by itself.
Many who had cut loss on GenT and GenM already made back their losses at US markets.
As long as there is a better alternative elsewhere especially US markets both GenT and GenM will suffer.
I believe US markets got some time to run so GenT and GenM sufferings are likely to continue. Nowadays, just a few clicks online or 10 minutes at Maybank branch and you can trade US markets. GenT and GenM just not pretty enough.
and of course as MM said, Syndicates saw the whole US markets thing and deployed their Scammers to GenT forum to successfully scalp suckers.
Aiya trader sold at 4.07 then n made some small kopi money. Where got so goondu buy back at 4.00 meh? Those advice were specially for you la MM. Now 3.00 then trader will consider to buy back lo...
MM ah trader already posted numerous replies to you liow, why MM likes to repost n repost the same old posts? Why MM didn't take trader's advice immediately cut loss at 3.95 + Sell At Rebound 3.90? Those posts were meant to be a small booby trap to teach MM a small bad karma lesson, why MM held on all the way and make your losses become so big??? MM ah, enjoy your bad karma ride to abyss lo.... 🤣🤣🤣
Posted by AngTayKor >1 week ago | Report Abuse
Aiyo this the the 6th time MM recycling the same old slandering:
Posted by AngTayKor > 2 days ago | Report Abuse
Posted by AngTayKor > 1 day ago | Report Abuse
Posted by AngTayKor > 2 days ago | Report Abuse
Posted by MoneyMakers > | Report Abuse All 3 weeks ago “Trader always wait patiently for price to come to me. 4.00 please come soon” “I hope he can buy more at 4.00 which trader also think its yummy price for a quick trade” “Range bound now. 4.00 then wake up trader.” ========= AngTKlown better worry own loss @ 4.0 ****************
Those posts were actually meant for you la MM. Trader just sold at 4.07 then, hoping MM will buy and enjoy the ride down to abyss. Trader will always take "special care" of MM mah.... 🤣🤣🤣
MM ah, @ytl2023 is referring to this Jeepon Clown la. He tried to do some Bushido stunt bet n bet again to average down and fight against Mr Market n strong downtrend. Now in ICU liow.
Posted by mushimushi > 2024-08-14 18:41 | Report Abuse Tomorrow confirm gap up!! Tomorrow 4.8 ----------------------- COLLAPSED TO 3.55 =============
Posted by mushimushi > 6 days ago | Report Abuse No chance to buy low tomorrow. Opening at least RM 4 tomorrow. Frankly, I think CNY 2025, we might see RM 5.50. if Taurx approved RM 8 easy. **************
We heard such delusions from you 3 months ago. It obviously didnt turn out well
Now back to the stock market. For defensive trading strategy, a trader has to first decide on the cutloss price level even before he executes his buy order. Staying very disciplined and sticking firmly to this predetermind cutloss price is very important, no excuses, no changing of mind halfway thru, no emotions or indecisiveness especially when nasty things happen. I have encountered some involuntary long term investors here, some bought at 9.00, 8.00, 6.00, 5.00, 4.80, 4.50, etc. Had their cutloss rules been in place, what is a 5 sen or 10 sen small loss compared to losing 5.00, 4.00, 2.00, 1.00? If a trader decides to buy this stock at say 4.00/4.01, his cutloss level must first be decided beforehand. In this case, I think its prudent have a predetermined cutloss level at 3.95 or lower because if price happens to hit 3.95, the stock is in a very weak position having just made a new low with all support levels already broken (3.96 was the recent low).
Traders stay very very disciplined to their cutloss rules regardless of whatever false hope fantasies that may suddenly conjure inside their fickle mind halfway thru. The trade has obviously gone wrong, a small loss is the best loss. Decisions made beforehand when in a clear state of mind are usually much more prudent. Decisions made in an emotional mental state during market trading time when prices are constantly moving usually dont turn out well. This is how traders trade without stress, survive in the stock market and preserve their trading capital (top priority). Anything can happen in the stock market. Trade entries, position sizing, cutloss level and exit points all already predetermined. Keep the actual trading, execution of buy/sell orders very mechanical without emotions. The stock market will always be there for a trader to make the next winning trade....... only if you still have liquid funds to buy again and not be stuck/buried. Some very useful parts of my long earlier posts I cut them out here:
<Of course trader was wrong before but trader's quick cutloss strategy always in place. Safety First. Defence strategy is more important than attack strategy. You guys should practice defence strategy, then wont end up as an "Involuntary Long Term Investor">
<I do get rejected by her before, but I quickly cut my losses short with no emotions attached.>
management really need think again of KPI put the right leader to lead company cannot one man show overload . if not thailand casino how to bid ? how you convience thailand goverment give you lisense if you cannot bring more tax to them .
really sad to see genting from sky drop to ground now . so many resources so many good card in hand but still loser lol ASEAN the only one casino brand can easily get bid thailand and UAE lisense if they really work hard and agressively create income learn china company stragegy like MI XUE , HAIDILAO , BYD all is selling cheap than competitor 1st grab the market share then only start filter customer by increase price
SPEED99 MRDIY AIRASIA all using lower price stragegy grab market share in compeitivie market boost the growth but GENTING still learning western branding stragegy look at BMW MERCEZ all die already
ImCK that shows you do not understand the casino business The House Edge is forever fixed. You cannot change it. Casinos are very sensitive to inflation. The latest 3Q24 showed how inflation ate up the GP
BYD can increase car prices to vary GP Casino pricing is fixed. Can only reduce expenses.
Take example of a roadside casino kiosk. The pricing and GP for roadside jackpot casino is still the same as any other luxury casinos worldwide. The only thing different is reduced overheads from low staff, rental etc
Studies show that luxury casinos make more money that low cost casino. Pricing and GP between luxury casino and low cost casino is exactly same. [exact same House Edge] Only difference is more wealthy people go to luxury casino compared with low cost casino.
There is no such thing as a low cost casino due to exact same House Edge. All this just says you have no idea what is a casino actually.
I believe MM will soon start to take notice of you and make the usual accusations about you being a Syndicate Member.
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....
mf
29,392 posts
Posted by mf > 2 weeks ago | Report Abuse
Replacing the two Genting stocks in the index could be Gamuda Bhd (KL:GAMUDA), ranked 17th, and 99 Speed Mart Retail Holdings Bhd (KL:99SMART), ranked 26th, in market capitalisation on Wednesday.