GENTING (3182): Company Shares Registrar

OnTime…..I agree don’t like sell! I invest like many others because it is undervalued. Net asset value is around 8.60 and fair value any thing between 5.40 and 8.60 and with potential of TauRX making it an attractive investment….so I invest it! I am invested elsewhere so no big deal….what really get me is the apathy amongst sum folks in this forum and blind support for Genting…I suspect this due to bias by some. I see so many things wrong the way the company is run! Poor, governance etc. there folks here when the price collapses from 5.20 to 4.50 they keep quiet when it rallies to to 4.57 they say what a recovery! The down trend is from 11. Rm established in 2011….one of the poorest mid size companies in Malaysia. We will know doubt get a rally to possibly 5 and then back down again. Share Price is based on more people buying than selling…btw.

2 days ago

1qtr results are known…. internally, let’s see if we get a purposeful rally….otherwise more impairments will suddenly emerge from somewhere. Impairments by the way are arbitrary and subjective…most auditors don’t get too concerned as impairments reduces profits and can be seem as being conservative as opposed to lifting a provision or write back of impairments…..

2 days ago

i think we should gather / formulate key pressing questions that would be useful to get answers to….from the AGM.

2 days ago

By the way…..Genting is a classic shortlist counter as it is in long term downtrend since 2011 peaking around 11 + and it stages rally within a range….so please don’t be fooled investors who shorted have made money for sure ….Shortist is one who sells shares they don’t own …they hope to buy back cheaper ….so if you say there is a pattern between 4.40 and 5.20 than you would sell at 5.20 and buy back at 4.40 or any where between this range. Only Robles is a catalyst like TauRX can blow the shortist or a take over.

2 days ago

AKT, if TauRX next year only can approve, then I will sell first if price above 5.20. buy back when price drop below 4.70.

2 days ago

choysun

@Riaz1954 They wouldn't keep their position open for so long, likely already made their money along the way. But at the expense of someone else. Will the someone else be enticed to buy again? :p

2 days ago

Hopefully Genting Singapore Q1 results very good. Follow will Genting Plantation and Genting Berhad. 5.20 sell all.

2 days ago

@neohts, i traded wrongly before also. The stock market is designed to fool most of the people most of the time. Your own money you decide.

2 days ago

newbie2019

4.5 to 5
damn…. so many rounds…. dont want to be trapped again….. i would buy hari hari mau

2 days ago

Just read the 2023 annual report. Couple of things stand out. On page 26 it clearly states investments held by chairman and ceo compete directly with Genting! Conflict of interest. This is no no! Secondly the deputy CEO is CEO’s son….so much for governance! I had not realised this, father and son and yet the report goes on about how governance is managed, risk management culture and so on, full of bull shit. This is why the wider investment community lack trust in Genting and this has been covered by some of the analysts as well.

2 days ago

speakup

Fundamentally Genting is undervalued due to investor distrust in it's management

1 day ago

Non Exec members on the Board are Yes men! Hence no real governance. Highest paid CEO and deputy CEO in Malaysia and beyond.

1 day ago

stampid54

Chairman cum CEO is Uncle Lim KT and deputy CEO is his son. There is nothing wrong with this as Lim KT's father founded the Genting Empire and passed it on to his son. Now Lim KT is preparing and training his son to take it over

1 day ago

OnTime

keeping the chinese tradition alive and well.

1 day ago

TauRx was founded in 2002 in Singapore, with primary research facilities and operation based in Aberdeen, UK. The company has dedicated the past two decades to developing treatments and diagnostics for Alzheimer's and other neurodegenerative diseases due to protein aggregation pathology.

22 years is a very long time. Still pending

1 day ago

Initial investment during series B fundraising round has been compounding at 16% annually for the past 20 yrs. I really cannot complain here. I can liquidate some shares now, but will miss out more upside coming.

@neohts if you can investment in something that can give you 16% compounding annually, you wont complain while waiting for grand jackpot also. Only warren buffett/ peter lynch class of investors can beat this type of return.

1 day ago

What is the compound return of Berkshire Hathaway?

Today, it owns several private companies and 47 publicly traded securities. Berkshire stock has delivered a compound annual return of 19.8% since Buffett took the helm in 1965, which is twice the return of the S&P 500 index.

2 Mar 2024

1 day ago

At age 33, Peter Lynch was appointed to manage the legendary Magellan Fund at Fidelity. The fund earned an annualized return of 29.2% during his time running it, more than twice what the S&P 500 earned during that time. After 13 years managing the Magellan Fund, Lynch retired in 1990 at age 46.

1 day ago

speakup

Unlike some ppl here in i3 who promote their stock when already up 20% 30% 50% or more, speakup admit bought Genting at 4.80. Speakup sitting on paper loss. Who want to buy cheaper than speakup? This is Your chance!

1 day ago

Comparing west & east.
West, less fathers appoint son to takeover
West, less corrupt ceos.
West, more open, regulated, transparent.
West, shareholders more rights.
West, can exercise rights, > vocal, > powerful.

West innovated & invented most prod/svcs.

That's why west higher std living, richer, etc.

That's why west stk mkt leads Asia.
West leads, Asia follows.
Dow, S&P, Nasdaq higher than Asia indices.

1 day ago

Taurx will take quite some time to happen.
No point asking every few days, again & again.
It won't happen even if you ask 1,000 times.
Buy-wait patiently or else sell, buy back later.
If so easy to make money, everybody buy GB.

GB not a good stk bcos reasons you know.
But Taurx is good & GB owns part of Taurx.
So, that makes GB worth buying.
Only problem is you have wait a few years.
Can't wait, don't ask, don't buy, don't complain.

1,000+ stk in Bursa.
Many stks offer higher capital gains.
Many stks offer higher dividends.
Many stks offers both.

So, why buy GB when it's clearly not good.
Buy GB only bcos Taurx is jewel in crown.

If can't wait patiently for some yrs for Taurx
Then buy other stks now to make more $$$.

1 day ago

rickygiam

suddenly so many sellers @ 4.52???

15 hours ago

Wait for 4 lah... Aduhai

15 hours ago

Shines

New casino licence in Johor?

15 hours ago

Those optimists on this stock all gone now... New casino? How you think?

15 hours ago

一轮鸡飞狗跳后又一轮鸡飞狗跳，还顶的顺吗？
买的便宜？放心若是真有开新赌场有的是便宜货好买。问题是还有钱吗

15 hours ago

choysun

Wah, opportunity again ah :)

14 hours ago

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=232297&name=EA_DS_ATTACHMENTS

From Annual Report.

Our investments in life sciences companies such as
Genting TauRx Diagnostics Centre Sdn Bhd
(“GT Diagnostics”), TauRx Pharmaceuticals Ltd (“TauRx”),
Celularity Inc and DNAe Group Holdings Limited are at
various stages of research and development for new
treatments and ways to improve our health and lifestyle.
TauRx is pursuing regulatory interactions and submissions
for its oral anti-tau product, hydromethylthionine mesylate
to seek regulatory approval in the US, UK and other
territories.
GT Diagnostics announced in July 2023, the release of
HiPAL, a well-being app that empowers people to
conveniently monitor their cognitive health in the comfort
of their home. HiPAL is downloadable via Apple Store or
Google Play and is available in the US, UK, Malaysia, EU,
Singapore and Australia.
HiPAL Pro was released in August 2023 and is available
in the US market. This is a self-administered assessment
tool that aids the diagnosis and monitoring of dementia
in particular, Alzheimer's disease. HiPAL Pro was officially
listed with the US Food and Drug Administration as a
computerised cognitive assessment aid in July 2023.

14 hours ago

From Annual Report.

The recent formalisation of the Johor-Singapore Special
Economic Zone and the revival of the High-Speed Rail
project augur well for the property market in Johor and
present good opportunities for our Group to further
realise the value of strategically located landbank
through well-executed property development activities.

14 hours ago

https://theedgemalaysia.com/node/709317

SINGAPORE/KUALA LUMPUR (April 25): Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.

Prime Minister Datuk Seri Anwar Ibrahim met Berjaya Corp Bhd founder Tan Sri Vincent Tan and Genting Group’s Tan Sri Lim Kok Thay last week at the development on the southern coast of Malaysia near Singapore, the people said, asking not to be identified because the information is private. His Majesty Sultan Ibrahim, King of Malaysia, was also represented, the people said.

13 hours ago

keng88

PUTRAJAYA: Prime Minister Anwar Ibrahim today denied any plans to open a casino in Forest City, Johor.

“Not true, not true. Casino licence… That’s a lie,” he told reporters while holding out his arms in an X sign.

12 hours ago

Don't have Casino in Johor is better for Genting. Less debt.
Genting have a lot of land in Johor. Good for Genting property.

12 hours ago

OnTime

pas always threaten to shut down genting highland. an extra casino may not be a bad idea. well, it's just vaporware for now.

11 hours ago

5354_

Genting Highland still got land for expansion?

11 hours ago

Government cannot close down Genting Berhad because Genting paying more than RM5 billion annually.

https://theedgemalaysia.com/node/709317

11 hours ago

5354_

No 2nd casino-stock market drop like today?

11 hours ago

choysun

So... Which poor soul panicked today.... Hmm

11 hours ago

Gambling Tax RM5 billion annually is more than the profit.
This RM5 billion is very important to Malaysia in order to pay minister gaji.

11 hours ago

New casinos means more cap investment.
GB will use its cash to finance expansion.
Will take years to build.
Will take years to recoup investment.
ROI take take years to reflect.
Share price uptick take years to reflect.

All these take years bef you enjoy high profits.

Boss can wait bcos he's majority shareholder
He handover to son when game over.
Son handover to grandson when game over.
Continue generation after generation.
Retailers don't have this privilege.

4 hours ago

Where is GB price going ?
Down.
No matter what good news,
No matter what new developments,
No matter what new casino licenses,
No change.
No new continued stable growth in stk price.

Bcos boss
Highest paid plc CEO in Asia.
Impairments,
Insider trading
Manipulation
RPT,
etc.

3 hours ago

New trend.
Buy high - stuck in penthouse

Keep posting non-stop every day good news.
Bcos bought high - now stuck in penthouse.
Now keep buy lower & lower to avg down.
Keep posting non-stop good news to influence others to buy.
Hope others buy to share burden, pain, sorrow
Hope others buy enough to push up price.

This tactic to get others to buy to loose money and suffer together won't work.

3 hours ago

Should have listened to expert stock trader and investor
@AngTayKor

A real, sincere, and true expert.

3 hours ago

Ask those Lkt believers to buy. I dont think Lkt and his family will buy, most of the days he will sell if the price get higher...

3 hours ago

Where that boy who is laughing at the shortists before? Masuk hutan lagi? Hello!!! Is time to show your loyalty to Lkt... Where are you🤭

3 hours ago

@choysun and
@Riaz1954

are realistic & reasonable with their sharing.
They have good grounding & understanding.
They know abt GB.

3 hours ago

If it is worth to buy. It is the time for Lkt to show his muscle. But btw he do nothing.🤭

3 hours ago

@keyman,
you are right.
He bought high, so, keep promoting hoping to influence others to buy. And hoping that others buying could push up prices. But alas, retailers here are so few and volume bought also too low to push up prices.
Never mind, they have an excellent view from the penthouse.

3 hours ago