@Sogbashen Why drop leh? If one of your business starting to show potential, wouldn't you put money in? And I'm sure there are grand plans behind the scene that we don't know about yet :p
choysun,if base on previous historical evidence, once announce empire resort related news, Genm will have selling pressure. But looking at today genm price still seem solids which is good … good uptrend chart, and might really break 3.3 soon
It is worth noting that Genting Malaysia Bhd had owned a 16.87% stake in Genting HK but sold it to the Lim family in 2016, pocketing a whopping divestment gain of RM1.71 billion.
Ha ha @Sogbashen, GenM already earning USD, GBP & now more MYR expected.
This is why shares are exciting….some interpret as gpod news, some as bad news ha ha. Nornal la parent show shareholder’s support, bankers want to see this.
If parent no money to give shareholder’s support, I would panic man… Glover shareinvestor88 no understand basic corporate world la, only throll same thing for more than 1 year
I only have 20% park in Genm but i sold 10% today and shift to Genting! So now i have 70% of my investment in Genting and only 10% in Genm! Reason, i believe Genting will have much much higher returns as precedent quarters will be a huge bonanza given oil and palm high price! As for latest Empire Resort capital injection, it's actually already talked about in April and long term debt has been issued to cover the latest 150 million injection! Fitch even gave positive outlook for Empire Resort as business has been profitable of late!
Actually Empire Resort need to clear 350 million short term debt but only 150 milion was injected! Meaning, things are turning around faster than expected! So yeah, still need injection every now and then but if things goes well, i don't think there's need for further injection! Bare in mind, Newsburgh gaming should be open by early next year! Another cash cow for Genm!
The proposed equity injection will be funded through proceeds from GenM's US$1 billion bond issuance completed on April 20.
"With this proposed equity injection, GenM would have invested a total of up to US$524.4 million in Empire," the group said.
Over the last three years, GenM has injected US$210 million into Empire Resorts, with US$40 million in March 2019, US$150 million in September 2020 and US$20 million in March 2021.
Esok sudah pasti confirm break RM3.20, Genting will make announcement for theme park soon, especially now closing to weekend already. Selepas all the staffs quarantine and negative, Genting will arrange their duty position of new theme park already
Genting should just go ahead and do soft opening! Please give malaysians some reward for their patrotism! I mean, for goodness sake, 95% vaccination rate is world benchmark!
GENM should soft launch SkyWorld's to selected parties initially....charging millions for a private party for say some VVIP's kids' birthday party etc...ha ha ha ha ha
Bila theme park buka rezeki tentu banyak melimpah ruah am I right RezekiBanyak ha ha ha
Posted by RezekiBanyak > Oct 13, 2021 4:59 PM | Report Abuse Esok sudah pasti confirm break RM3.20, Genting will make announcement for theme park soon, especially now closing to weekend already. Selepas all the staffs quarantine and negative, Genting will arrange their duty position of new theme park already
Today share88 didnt work hard enough ir rather her okd boring technique didnt work. GHK, catskill empire, dogskill empires, no job, people no money, go to the ground, lost touch bla bla bla. All seems like noises with no echos ….mana itu fear factors shre88 trying to instill? I m so dispointed thought that last nite news might be darn good oportunity for her to cone shout run run run but instead at ard 4:50pn i saw eat eat eat at the end ….apa hal share88? People sudah gila lost touch kah? 3.20 pun makan tak henti henti?
Wakakakakakakakj. Cheers all genm and genting comrades!
What financial knowledge? That is about how good is your financial knowledge by holding a loss making for the past one and a half years company although it is the only licenced casino in the country.
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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....
RevenueStock
31 posts
Posted by RevenueStock > 2021-10-13 07:25 | Report Abuse
I waiting 3.5..don't worry can wait..