Posted by StakesAreHigh > 2024-01-11 02:31 | Report Abuse

Why does Bursa continuously allow that old man to use Genm's money to bail out his failed investments ?

Posted by Activetrader > 2024-01-11 09:23 | Report Abuse

Please bear in mind that genm has a cash pile of close to rm3.7bil where if were to compare the 400mil injection is relatively small and i strongly believe it will not affect their cash flow position. Total asset 29.6bil vs total liabilities at 17.7bil. What a healthy balance sheet they have. So no worries guys. Nyc casino license is almost in their hand. This injection is part of the expenses thereafter for the new licensing use. US to US. They cant tell you now but instead they use this news to for their own accumulation.

Posted by Hong9933 > 2024-01-11 10:27 | Report Abuse

来吧 再来2.5吧

Posted by Activetrader > 2024-01-11 11:07 | Report Abuse

Dividend will still declare for final quarter. No worries guys. Dont have to panic sell it. Genm is now on the right position for overall group restructurng. MIAMI land sales one concluded will jump the share price. Stay tune.

Posted by Plantermen > 2024-01-11 11:16 | Report Abuse

Any long term investor will not be happy with LK T to pump in additional USD 100 million in the Empire resort by subscribing thru preferred stock options with 2038 as the maturity date { with an option to convert the shares in 2030} Genting is holding 49% and the balance 51% is owned by Kien Huat { LKT family owned Co. } in short Genting as the minorities is shouldering the Empire Resort cash call

Posted by lloydlim > 2024-01-11 11:19 | Report Abuse

Price correction now!

Posted by Activetrader > 2024-01-11 12:43 | Report Abuse

Lloydlim. Obviously This is not price correction. Is panic selling. The market cant digest the injection. Even without injection, the management also wont give u special dividend what. There must be somehow some potential over empire thats why the injection occur. They could have take more loans instead. Simply bcuz they want to reap the maximum income when the potential fully unlocked. Via injection from internal fund u can save alot of interest.

Posted by Activetrader > 2024-01-11 12:44 | Report Abuse

Calm down la market 400m vs 3.7bil aduhai

Posted by Activetrader > 2024-01-11 12:44 | Report Abuse

One quarter profit is close to home.

Posted by punpipi > 2024-01-11 13:31 | Report Abuse

Shorting kuat kuat.

Posted by AdCool > 2024-01-11 13:42 | Report Abuse

This is a repeated trend in 2019 when such injection happened.

Posted by RonnyWu > 2024-01-11 13:52 | Report Abuse

Sell on good news today? https://theedgemalaysia.com/node/696947

Posted by Jonathan Keung > 2024-01-11 14:23 | Report Abuse

What's was reported out USD 100 Million. 56 -58 Million is earmark for Bank borrowings. The balance is to deploy for working capital. Indirectly meaning the cash generated thru the preferred shares subscribe by Genting Malaysia is a cash advance given to Empire resort without any interest. Only with the right to convert into ordinary shares in year 2030. Smart accounting using Genting as a cash cow

Posted by facsc118 > 2024-01-11 15:06 | Report Abuse

as a shareholder, whatever injection also we not welcoming

Posted by AdCool > 2024-01-11 15:36 | Report Abuse

in few weeks time when GenM reports higher profit and reverse impairments, then all kena washed kaw kaw already.

Posted by Donator > 2024-01-11 16:50 | Report Abuse

dont panic la, just a investment

Posted by ImCK > 2024-01-11 17:11 | Report Abuse

https://www.gaming.ny.gov/ resorts world is doing good past few month so how will market react in next quater if positive to empire resorts ?

Posted by ImCK > 2024-01-11 17:12 | Report Abuse

https://www.gaming.ny.gov/gaming/index.php?ID=2 continous growthing in u.s market gaming revenue data showing every week and month

Posted by DestinyL > 2024-01-11 17:19 | Report Abuse

What are you talking about? Hudson Valley revenue is stable, but Catskills GGR dropped

Posted by DestinyL > 2024-01-11 17:22 | Report Abuse

Look at monthly PDF, April - Dec 2023 GGR total 158m
April - Dec 2022 GGR total 178.8m (deduct 2022 Jan - Mar from 2022 total GGR)

Posted by ImCK > 2024-01-11 17:23 | Report Abuse

destiny u forget resortsworld bet ? hudson valley revenue breaking record

Posted by ImCK > 2024-01-11 17:27 | Report Abuse

empire resorts is including resorts world bet hudson valley revenue and catskill

Posted by NatsukoMishima > 2024-01-11 17:28 | Report Abuse

Bottomless hole for genting group to step into , pity for share holder !

Posted by DestinyL > 2024-01-11 17:32 | Report Abuse

What you comparing in Hudson Valley? Only 1 year in operation, no comparison base
Figure only tells you the GGR, nothing about the expenses

Posted by ImCK > 2024-01-11 17:33 | Report Abuse

yes no but that is portfolio of empire resorts you shouldnt see 1 you have to see both
previous only 1 catskill now 3 portfolio included

Posted by DestinyL > 2024-01-11 17:35 | Report Abuse

GGR or net win only tells you how much they collect after payout to winners
GGR of 10m may translate to net loss of 1m after deducting operating expenses, before even talking about paying loan interest

Posted by ImCK > 2024-01-11 17:36 | Report Abuse

yes Empire eventually reported positive EBITDA in 1QFY21 but continued to report net losses till 3QFY23. already in ebitda positive after inject to repay loan should be more positive to its P&L

Posted by DestinyL > 2024-01-11 17:38 | Report Abuse

And how is that ebitda positivity going to sustain with dropping GGR?
Unless suddenly Genting is so prudent in their spending

Posted by ImCK > 2024-01-11 17:44 | Report Abuse

DESTINYL you still need included non gaming revenue and cover by other portfolio like hudson valley & resorts world bet . somemore the inejct is to help settle the loan interest so after this the P&L should be more better

Posted by hhhiii123 > 2024-01-11 17:47 | Report Abuse

Seem like I out early is right, can parking at lower price, wkaka

Posted by ImCK > 2024-01-11 17:48 | Report Abuse

but total portfolio gaming revenue compare to 2022 is growthing
you should not focus on catskill only because thier stragegy is to increase new york gaming market share . some of catskill income sharing to hudson valley both is nearby new york

Posted by Plantermen > 2024-01-11 17:49 | Report Abuse

Genting stake in Empire resort stake consist of RW Catskills, RW Hudson Valley and the soon to be open RW New Yoke City site. What's worrying RWCatskill and RW Hudson is only 1-2 hours from RW New York

Posted by ImCK > 2024-01-11 17:52 | Report Abuse

you re right when you understand thier stragegy then you will understand why is important
no matter new york player go hudson valley or go catskill or go resorts world also benefit to genting should look at total gaming revenue growth instead of 1

Posted by hhhiii123 > 2024-01-11 18:23 | Report Abuse

Kenanga give genting tp 2.90 while pbb give genm tp 3.00, so it mean genm tp should be 1.80, wakaka

Posted by ivanlau > 2024-01-11 18:37 | Report Abuse

天哥 now hiding in the cave......... this half boiled egg guru bring a lot of follower goes to holland............

Posted by ImCK > 2024-01-11 18:43 | Report Abuse

ivanlau got problem ? genting malaysia do you know how much net cash flow generating ? 1,346,936 billion net cashflow generating

Posted by ImCK > 2024-01-11 18:52 | Report Abuse

if you based on share price to determine then you forever cant hold ytl this kind stock

Posted by ImCK > 2024-01-11 18:52 | Report Abuse

every difficult time is testing your confidence to company

Posted by Cheah5555 > 2024-01-11 19:05 | Report Abuse

It should be a short term hiccup, just that the market could not accept sudden fund injection to a subsidiary, a negative news caused fund managers to sell down. However it is not a loss but a strategic injection of fund. Base on GEM business recovery, more and more tourists will visit genting highland, the positive outlook not affected at all as well as profits !

Posted by LilasIkuta > 2024-01-11 19:16 | Report Abuse

chill la guys... 2024 confirm will hit RM3.00 edi ok.. dont fight liao

Posted by Michael_chan2022 > 2024-01-11 19:35 | Report Abuse

https://youtu.be/gpi9H8wEk1Y?si=x2YsT5l1oCKm9IY2

GenM 大跌，哪里能上車？

Posted by TonsilBasher > 2024-01-11 21:45 | Report Abuse

天哥 what happen ah 天哥 ?? I really need 天哥 to come out and explain lo

Posted by StakesAreHigh > 2024-01-11 21:52 | Report Abuse

@TonsilBasher
Nothing to explain. You got played by Mr Lim Kok Thay

Posted by hhhiii123 > 2024-01-11 22:46 | Report Abuse

2.40 is the best offer price, need operator keep push down it, wakaak

Posted by Riaz1954 > 2024-01-11 22:56 | Report Abuse

People don’t get it….short term hiccup etc ….this kind of action is not the first time …it is happening time and time again….the guys are crooks with very poor governance ……sure it will recover but the management are involved in manipulating the price by actions they are taking simple! LKT is getting a listed company to make poor investment and bear the losses in a private companies assets which he owns ……. and he does by being a CEO. He should be disqualified to be the CEO….that is the answer …also he pays himself the highest salary paid by any of the listed companies not only here in Malaysia but higher than very reputable complex western companies!m

Posted by Riaz1954 > 2024-01-11 22:59 | Report Abuse

No doubt he will get insiders to buy shares in Genting when full correction has happened! That’s the game which is repeated ….time and time again.

Posted by ChloeTai > 2024-01-12 07:40 | Report Abuse

Ugly US CPI numbers. Unexpectedly rose from 3.1% to 3.4%. The hope for an interest rate cut dashed. Expecting another waves of selling pressure today.

Posted by Bullbursa > 2024-01-12 08:56 | Report Abuse

Buy OWG for tourism recovery..GENM boss treat shareholders like water fish

Posted by Bullbursa > 2024-01-12 09:00 | Report Abuse

If you think more people will go genting, then buy OWG, they have many f&b outlets there. People go genting not necessary go casino but sure spend money on food & drinks

Posted by Michael_chan2022 > 2024-01-12 14:01 | Report Abuse

Good volume...有人賣，有人買。Very good sign