That’s why. Genm is monopoly in Malaysia. Now they go fight with 40casinos in Macau. Are they able to stay competitive? How long is needed to see profit for the new resort. Big big question mark. Plus genm is full of debts in high interest rate environment. Better stay away or reduce your holdings.
aiyoyo, angmo just sour grape China wanna give 1 Macau license to GenM. nothing to worry about the spending as long as it is profitable, and Genting has been doing the casino biz for decades, so why do you need to doubt on their capabilities??? take a look at GenS, is it profitable or not when fighting with other big fishes
As usual, alwaysblots of doubters and supporters. Do ur own research and make your own decision. Its your monies anyway.
Bear in mind, nobody in this forum will tell u what is the real good and real bad. Remember nobody here is so kind to inform u the real thing let alone helping u to make monies or helping u to get out. Its that simple. Good luck all
I am quite surprise nobody realise that Genting Malaysia new gaming outlet in Newburgh Mall, Hudson Valley, New York has been completed and due to be open very soon! I mean, this is Genting Malaysia latest cash cow for sure!
Agjl, don't be naive and think that all negative feedback are scare mongers Like you said yourself, its our own money, so why fret when ppl post negative news? This is not a positive-only forum. At least they are not fake news. GenM gearing as of Q4 2021 was 2.29x.
Sure, we could be wrong, and surely some are fear mongers, but that's why forums exist
Hahaha i may be naive like u said but fret is certainly non event to me:). As you can read i never said people has to saybpositives and not negatives…and i said posiyives and negatives are common in this forum and its us that decide. Probably you are so megative that u mistook what i said fo against you.. whatever it is, i m notbhwre to prive anything be it i m naive or i m damn smart. Just give my humble 2 sen. By tge way smart people will never call others naive of any names.. but i wont argue with you and i have no problem submit to your own proclaimed superiority… :) and also i never once disagree with your high debt high gearings as facts are facts and there is nothing to argue…. I wish you luck
Nothing to be alarmed about. 20+ cents off from 3 in line with KLCI plunged below 1500 and world market correction. Covid-19 normalizing and post impact expected. However this gonna be a different story if 20% off from 3 and the stock itself down without specific reason. If you do not have any position, get some if this is a good bargain hunting. Aiming for 15-20% return as immediate target from your entry price. Be resilient. Bursa value is no where to be seen yet. MYR is taking a breather. Let's wait for the few key indicators like Bursa value 2B above, MYR strengthening, oil price normalizing and of course pre and post election sentiment. Not forget to mention China opening up their economy in full force. We shall only see the actual investment result and price direction.
Agjl, time will tell my friend But I'm not sure why you say that I've proclaimed superiority? All I'm saying is there IS actually some ppl who is kind enough to tell the true story (at least from my own honest context) and not everything posted is made up.
The Macau casino players will continue to bleed until 2023. Macau, the world's biggest gaming hub raked in $36 B. in gambling revenues in 2019 - six times the Las Vegas Strip, before COVID decimated it to $10.8 billion in 2021.
Currently Macau issued 6 licences with many satellite casinos using same licence. Many satellite casinos already shut down or ask to within 3 yrs in new law. Also, new gaming law do not allow more 5% crossholdings between concessionaires. The Ho siblings own and run MGM China, Melco and SJM.
If GMM gets licence, it will start to build an integrated resort in 2023 that will add more revenues starting in 2024 or 2025. Genting's biggest draw is the fact that the Genting runs Asia’s two largest theme parks. It's a sensible growth plan for the next 5 years. GENM is a GEM!
U think president Xi so fool let china tourists splurging money at oversea ? Instead he will use coved curb as an excuse to push USA n europe inflation to higher n higher !
Abidjan, 2025? So who pays the bill before 2025? 10 year license is not free and has a dateline Even if it is free, the whole sector is not making money What is shocking is business in 2022 was actually worse than 2021 Of course, this can be easily reversed with the poke of a simple button, question is when?
It is possible GMM may partner an existing operator, or rent an existing site to operate May not need to construct from grounds up Not much is known this moment All these questions are probably inconsequential compared to end of zero covid
PENDANG: Perikatan Nasional (PN) sedia melantik pemimpin PAS menjadi Menteri Besar di Perlis dan Pahang sekiranya gabungan itu berjaya menang di dua negeri berkenaan pada Pilihan Raya Umum Ke-15 (PRU15).
Pengerusinya, Tan Sri Muhyiddin Yassin, berkata pihaknya akan memberi sokongan penuh kepada PAS bagi menerajui dua negeri itu.
Utama Kenyataan Media Pusat Negeri Khas SKIMPAS PAS Sebenarnya Berita Parti Islam Se Malaysia (PAS) Home Berita PAS Pahang PAHANGBERITA PAS PAHANG Tamatkan Operasi Judi Di Genting
KERAJAAN Perikatan Nasional (PN) perlu menyusun kerangka ke arah menamatkan sepenuhnya aktiviti berteraskan perjudian dari terus beroperasi di dalam negara ini. Ianya dapat dilaksanakan dengan tidak lagi diberi sambungan untuk melanjutkan perlesenan setelah tamat tempohnya yang akan datang.
Untuk merealisasikannya kerajaan mesti memiliki iltizam politik untuk tidak menjadikan cukai dari sektor tersebut sebagai perolehan hasil kewangan negara. Biarpun memberi nilai sangat besar berbilion ringgit, hakikatnya ia tidak harus menjadi sumber pendapatan apatah lagi sebagai kebergantungan.
Jangan kerana ‘pulangan lumayan’, kerajaan bersikap ‘menutup mulut’ atau ragu-ragu dari kebenaran bahawa perjudian sama ada berlesen atau tidak, ianya tetap haram di sisi Islam. Malah yakinlah, ketegasan ini akan mendapat sokongan moral rakyat, sekali gus membersihkan kantung negara.
Setiap tahun cukai sektor perjudian semakin bertambah, tidak termasuk dari perjudian tanpa lesen yang bererti terlalu besar sebenarnya jika ia dapat dicukaikan. Namun, kerajaan tidak seharusnya untuk merasa ‘kehilangan dan kekesalan’ kerana tidak memperolehinya.
Wang perjudian tidak lain memberikan kos melepas kepada tanggungjawab yang diabaikan atau pembayaran tidak dilunaskan. Bahkan tidak mustahil menjadi pemicu munculnya jenayah oleh mereka yang terdesak. Hitungkan semua kitaran ini, berapa ramai yang menjadi mangsa?
Kerajaan jangan dilihat sebaris tauke atau syarikat perjudian ‘berdiri sama tinggi, duduk sama rendah’ atau atau ‘cubit paha kanan, paha kiri terasa’. Kerajaan wajib melindungi dan menyelamatkan rakyat, bukan membina kekayaan seperti tauke atau syarikat perjudian atas merananya rakyat.
ALOR SETAR - Kerajaan negeri bersetuju supaya semua lesen premis perjudian iaitu Ejen Agensi Nombor Ramalan (NFO) dan kelab persatuan (judi) di Kedah ditamatkan pada 31 Disember 2022.
Exco Kesihatan dan Kerajaan Tempatan Kedah, Datuk Dr Mohd Hayati Othman berkata, ia sebagaimana kelulusan oleh Kementerian Kewangan
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....
alvin5588
474 posts
Posted by alvin5588 > 2022-10-27 10:47 | Report Abuse
Time to move up...