There wont be any single cent dividend for coming 5 years atleat , dont fall in love with a stock is the most important thing when investment , genting huge debts will be snowed ball , they cant tahan anymore , if another new variant emerge will hit genting spore , malaysia soon !
Russia Issues Subtle Threats More Far-Reaching Than a Ukraine Invasion
If the West fails to meet its security demands, Moscow could take measures like placing nuclear missiles close to the U.S. coastline, Russian officials have hinted.
Genting Bhd, Genting Malaysia and Genting Singapore are insulated from their beleaguered sister company in Hong Kong and investors should focus on the upside in the group from reopenings and the ramp up of Resorts World Las Vegas, J.P. Morgan said in a note.
WHO says omicron won’t be last Covid variant as global cases surge by 20% in a week
Dr. Bruce Aylward, a senior WHO official, warned high levels of transmission give the virus more opportunity to replicate and mutate, raising the risk that another variant will emerge.
New infections have increased by 20% globally over the past week with nearly 19 million total reported cases.
“This pandemic is nowhere near over,” WHO Director-General Tedros Adhanom Ghebreysus said.
There wont be any single cents dividend pay out within the next 5 years ! China will continue zero tolerence covid cases policy until western countries clear their covid cases ! Worst case is PN 17 !
Cruise operator Genting Hong Kong files to wind up company
(Jan 19): Genting Hong Kong Ltd has filed to wind up the company in one of the biggest stumbles by a cruise operator globally after the pandemic ravaged the industry and drove its German shipbuilding subsidiary into insolvency.
The worry is whether Lim would tap other parts of his Genting empire to help with any bailout or provide financial help. And he has a history of taking such steps.
He has used Genting Malaysia to conduct related party transactions previously. One example: Genting Malaysia said in 2019 that it was buying a 46% stake in Empire Resorts in New York from him. This deal caused a slump in Genting Malaysia shares. The Malaysia firm now owns a 49% stake in Empire Resorts.
What are the risks then? The worry is whether Lim would tap other parts of his Genting empire to help with any bailout or provide financial help. And he has a history of taking such steps.
He has used Genting Malaysia to conduct related party transactions previously. One example: Genting Malaysia said in 2019 that it was buying a 46% stake in Empire Resorts in New York from him. This deal caused a slump in Genting Malaysia shares. The Malaysia firm now owns a 49% stake in Empire Resorts.
Another concern is that Lim pledged almost his entire stake in Genting Hong Kong as collateral for loans to keep the Hong Kong firm going.
When the forest wild fire is still 1km away people are feeling impossible that their houses will be burned but when their bodies start feel the hot it s too late to get out of the wood in forest !
Genting fortune started become bad to worse few years ago till now , just dont know why ??
On day one, we’ll be able to hire and train hundreds of new union members, generate significant additional revenue for public schools, and drive economic activity for local small businesses and the Queens community.” Sure win-Win-Win :)
Due to repeated abuse posts, this account has been suspended from posting to the i3investor portal until 27/01/2022. Please refer to the Terms and Conditions of Use and Community Standards of this portal.
LKT sibek powerful hor... confirmed Genting HK will file for bankruptcy but at the same time said it will continue to run the Dream Cruises...why worry hari..hari Enjoy your lunch..
Unpaid fuel bill since 2017... Already cruising to holland before the covid 19 pandemic..still want to operate a bleeding business...can drag all the sister's company to holland...
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....
NatsukoMishima
8,273 posts
Posted by NatsukoMishima > 2022-01-18 11:06 | Report Abuse
There wont be any single cent dividend for coming 5 years atleat , dont fall in love with a stock is the most important thing when investment , genting huge debts will be snowed ball , they cant tahan anymore , if another new variant emerge will hit genting spore , malaysia soon !