Posted by NatsukoMishima > 1 week ago | Report Abuse

@carilembu

1,215 posts

Posted by carilembu > 1 week ago | Report Abuse

Those who bought during pandemic had high expectations that it will go back to RM4 or higher, when price then was RM 3+. Well, the pandemic is almost over, businesses have open up, China has open up. Yet, price still in a doldrums even with consistent dividends. Look like a long term investment until we have political stability without the threat of the green wave!
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The price will drop to around 1.80 - 2 .20 , all the banks will start to chase debt loan soon , genm cash flow is a bomb ! Better leave right now all , perfect storm is at the corner !

Posted by NatsukoMishima > 1 week ago | Report Abuse

Genm , genting already became typical value trap stocks which u will get dividen but lose capital every year !

Posted by NatsukoMishima > 1 week ago | Report Abuse

I was a genm die hard fan before but now i will never never touch again !

Posted by nicholas99 > 1 week ago | Report Abuse

rain or shine. there will always be dividend

Posted by marshallT > 1 week ago | Report Abuse

New Real Estate project JV with Aset Kayamas launching near Gohtong Jaya

Posted by RonnyWu > 1 week ago | Report Abuse

One of the economy recovery stocks but hit hard by the new sin tax...

Posted by Cansandra > 1 week ago | Report Abuse

Hi Apple =)

Posted by NatsukoMishima > 1 week ago | Report Abuse

Just look at aax , capitalA debts u will know y u all were just a vege plant to be cut when FOMO jump in these 2 kosong stocks , all bankers starting to chase debts already ,GENM also will be in big trouble !

Posted by StartOfTheBull > 1 week ago | Report Abuse

Where is Dnex RM4 at end of December 2022 as promoted target price since last year? LOL

Posted by TonsilBasher > 1 week ago | Report Abuse

No need look at other counters la. Look at Genting Casino. You must go into Sky Casino. See those addicted gambler pressing the slot machine and lose their pants actually make me happy. you cant get a better business than this counter

Posted by bisonbull > 1 week ago | Report Abuse

Why after Div-Ex, GenM red and GenB Green?

Posted by bisonbull > 1 week ago | Report Abuse

Luxury Tax looming in GenM?

Posted by RonnyWu > 6 days ago | Report Abuse

Those taxes will pull down GenM net profit this year...

Posted by TonsilBasher > 6 days ago | Report Abuse

I went to theme park with my family. total paid 1k for the theme park. Not include money spent on food inside the theme park.

Posted by wallstreetrookieNEW > 6 days ago | Report Abuse

@TonsilBasher stop lying. you are also an addicted gambler yourself. You literally posted this a month ago and you are laughing at these poor gamblers?

Stock: [GENM]: GENTING MALAYSIA BERHAD
1 month ago | Report Abuse
Huat ahh.. today i go gamble at SkyCasino Genting Pahang. So many people at the casino. too many indeed today as KL is holiday. I saw one uncle losing 100k per bet at bacarat. overall its good for genting M. Huat ah

Posted by wallstreetrookieNEW > 6 days ago | Report Abuse

Posted by TonsilBasher

Stock: [GENM]: GENTING MALAYSIA BERHAD
2021-10-15 10:50 | Report Abuse
I am currently gambling at blackjack table. the business in casino is better than pre pandemic time.

Posted by marshallT > 5 days ago | Report Abuse

chairman acquired share before div ex-date

Posted by bisonbull > 5 days ago | Report Abuse

https://www.theedgemarkets.com/node/660347
GenM’s share price is on verge of overcoming a negative sloping trendline, says Kenanga

Posted by RonnyWu > 5 days ago | Report Abuse

Chairman came out to give people's faith by buying back the share. Nice

Posted by Good123 > 5 days ago | Report Abuse

sykt judi pun buang treasury syer. takda wang haha

4715 GENM GENTING MALAYSIA BERHAD
Notice of Sale or Cancellation of Treasury Shares (Section 127 of CA 2016)
Date of Shares Sold : 16/03/2023
Date of Shares Cancelled :
No. of Treasury Shares Sold : 2,535,144 shares
Treasury Shares Were Sold Through : -
Total No. of Shares Still in Treasury : 270,302,915 shares
Total Issued Capital as Diminished :
Date Lodged With Registrar of Company : 20/03/2023
Lodged By : Genting Malaysia Berhad
Remarks:
A total of 2,535,144 ordinary shares were transferred pursuant to Section
127(7)(c) of the Companies Act 2016.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:

20/03/2023 07:00 AM


Ref Code: 202303204600230

Posted by marshallT > 5 days ago | Report Abuse

if you refer to announcement with ref num SB4-13032023-00001. The 2,535,144 shares were transferred at price 2.64 via employee share scheme.

Posted by TonsilBasher > 4 days ago | Report Abuse

I went to Genting M in Pahang. really encouraged to see such a happy place filled to the max. Imaging the small first world tower 1 room can be sold at rm 400 and above. the profit is really strong. more and more table are open now

Posted by ubudayah888 > 4 days ago | Report Abuse

patience......

Posted by kl_guy > 4 days ago | Report Abuse

genm is cheap . will worth more when earning increases in next 6 month.

Posted by wallstreetrookieNEW > 3 days ago | Report Abuse

@TonsilBasher gambling addict

Posted by Michael_chan2022 > 3 days ago | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2023/03/25/gentings-prime-miami-waterfront-property-attracts-5-bids-topping-us1bil/

Hello... are you ready? Big bull is coming..

Posted by loyalok > 3 days ago | Report Abuse

hold tight and let go after met target price

Posted by Michael_chan2022 > 3 days ago | Report Abuse

願2023，
一切美好都如期而至... cheers!

Posted by Havefun > 2 days ago | Report Abuse

The land belongs to Genting Berhad or Genting Malaysia?

Posted by posby > 2 days ago | Report Abuse

https://www.theborneopost.com/2023/03/25/sagah-no-harm-in-having-casino-in-borneo-highlands-can-spur-sarawaks-economy/

Posted by Nepo > 2 days ago | Report Abuse

Extract from Genting Malaysia Bhd 2011 Annual Report:-
"Our plans for Miami took form in May 2011 when we
acquired the Miami Herald properties for US$236 million. In
November 2011, we also secured ownership of the adjacent
property, Omni Center – comprising a shopping mall, office
space and a hotel operated by Hilton. Together with other
nearby properties, we assembled a contiguous 30-acre
prime waterfront site overlooking Biscayne Bay in the heart
of Miami. We are currently developing plans for a mixed-use
development which include hotel, residential, commercial
with retail offerings. The development will occupy the fiveacre site currently occupied by the Miami Herald building,
inclusive of an 800-foot waterfront promenade along
Biscayne Bay"

Posted by Nepo > 2 days ago | Report Abuse

"Genting Malaysia bought the old Miami Herald site in 2011 for US$236 million (about RM961 million), according to Miami Herald's report."
=====..======
The land in Miami belongs to Genting Malaysia Bhd NOT Genting Bhd

Posted by davidkkw79 > 1 day ago | Report Abuse

Wow... previously said can sell at 1 billions, then now change to can sell at 1.5 billions !

Posted by bowman > 1 day ago | Report Abuse

That's Genting Berhad - Genting Malaysia is only sharing this small profit being a subsidiary. Why are people still ignoring the share price drop since 2.90?

Posted by Havefun > 1 day ago | Report Abuse

@bowman, you sure or not?

Posted by Michael_chan2022 > 1 day ago | Report Abuse

机会总是留给有准备的人..

Posted by bowman > 1 day ago | Report Abuse

Who owns Genting Malaysia? If Parent Company is Genting Berhad, then the press statement is correct

"A 16-acre parcel of prime Miami real estate recently put up for sale by Malaysian gaming giant Genting Berhad has attracted five offers of over US$1 billion, including one of almost US$1.5 billion, according to a report by Bloomberg."

I dont see Genting Malaysia? Can someone confirm?

Posted by Michael_chan2022 > 1 day ago | Report Abuse

https://youtu.be/MjvJMz4RTI0

Read here..

Posted by Michael_chan2022 > 1 day ago | Report Abuse

The land in Miami belongs to Genting Malaysia Bhd

Posted by kl_guy > 1 day ago | Report Abuse

0207 GMT - Genting Malaysia's sale of a plot of land in Florida could strengthen its financial position as it bids for a casino license in New York, Maybank Investment Bank analyst Yin Shao Yang says in a note. Citing a broker, Bloomberg has reported that the Miami waterfront property has attracted five offers of more than $1 billion each, he notes. That means that the Malaysian company could recognize a gain of over MYR2.9 billion on the sale, Yin says. He doesn't expect Genting to declare any special dividends, but thinks it will fortify its balance sheet instead in view of its bid for the lucrative casino license. Maybank maintains a buy rating on the stock with a MYR2.97 target. Shares rise 2.4% to MYR2.61.(yingxian.wong@wsj.com)

(END) Dow Jones Newswires

March 26, 2023 22:09 ET (02:09 GMT)

Posted by kl_guy > 1 day ago | Report Abuse

really hidden gem . worth holding genting and genm.

Posted by kl_guy > 1 day ago | Report Abuse

if really materialize the land sale , RSS and IDSS sure will cover their short.

Posted by RonnyWu > 1 day ago | Report Abuse

only Genting platation was shorted in the market based on Bursa...

https://www.bursamalaysia.com/misc/missftp/sblnt/NetShortPosition20230324.pdf?t=1679899367

Posted by fudoudou > 1 day ago | Report Abuse

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Posted by NatsukoMishima > 21 hours ago | Report Abuse

Bankers chasing debts loan loh , more to sell to pay debts , cash flow problem , becareful all my friends !

Posted by Michael_chan2022 > 20 hours ago | Report Abuse

You should worry about Japan..as of Dec2022, the Japanese public debt is est. to be 9.8 trillion $US (1.29 quadrillion yen), or 263% of GDP,..., the highest of any developed nation... don't need to worry about us

Posted by Shines > 4 hours ago | Report Abuse

Yes chan2022, you got the right point, lots of people are over worry about the incidents that will hardly affect here

Posted by dragon328 > 30 minutes ago | Report Abuse

If the indicative offers in this expression of interests are genuine, I think Genm should just quickly close the deal at anything above US$1.0 billion.

If it can close it within next few weeks or 3 months, then the timing would be very good. Genm will then have the US$500 million cash necessary to support its bid for a full fledged casino licence in New York, and extra few hundred million dollars potentially for special dividend.