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In order for Genting to return to glorious day most probably to divest non-core assets such as selling of Miami assets, UK and Egypt gaming which may raise around US1.5 billion to reduce debts level and focus on high growth market like Singapore, Malaysia, Las Vegas and New York will do. Then possible to achieve operation efficiency, cost optimisation and enhance value and attraction in core markets like upgrading and etc. Expand online and digital gaming, green power and oil and gas operations.
Genting's KLCI constituents status will be announced by FTSE on the 5th of Dec. GenM on the other hand will be replaced by Gamuda based on the market cap position at the close of 25th Nov and the changes will be effective 23rd Dec.
哈哈 Cheng 哥, just simply ask ask for fun. Its also stated its forward PE of 8.64 suggests investors expect growth or improvements in profitability potential undervalued by on current price. Risk still debt if economic conditions of world worsen. If its able to manage debt better and improve its capital allocation possible can make a comeback.
No decision make just hold tight my current stocks in hand and hopefully we all gain big big in future... we are small retails and up to LKT to lead us to heaven or holland.. haha..
Kyory, the price almost plunge to 30% since Feb 5.20... LKT still doing ntg... He should announce share buy back or other good news to support the price
If he wanna open casino whole world also can but my 2 cents opinion if can focus on Malaysia, Singapore and US (Las Vegas and New York) sold off Miami, Egypt and UK. Earn good cash and wait for next opportunity to enter China in future maybe better. With itd financial strength can easily expand the LNG oil and gas, power and who know can do explore semiconductors which is very important for US and China for the next decade.
Share buyback I don't think gua need cash for operations.. pay off debt save hundred of million and billion of interest ady increase earning no need so 烦.. hehe
There is no limits when it comes to sentiments, Vin. Most of us should have seen how share price fell like bottomless or going up without limits driven by news and speculations; sentiments if you will, fomo or flight to safety. We just need to look at our plans and adjust accordingly considering this.
Who can tell me know what the happen now ? Why good qr also drop ? I dont know really what happen their say NTA drop no good already what affect to share price with this NTA ? Just need earn ! why their scare NTA low ?
Cheng.. Let say once genting remove from klci component... Some of the foreign investment company will force sell... And our msia investment epf.. Pnb. Kwsp.. Cant buy genting too right...
Index funds will have to sell as its no longer part of KLCI index. As for other funds/insti, its up to their fund managers/strategies - whether its income / growth portfolios and their risk management strategies.
you are welcome, Vin. There's also value and thematic investing portfolios :) the recent example of thematic investing was last year - ytl/ytlpowr. Lots of funds/insti participated and mostly would have rebalanced their positions by now.
RMLV disposition plan should be available as early as 24th Jan once the official response is filed. The board and commission typically meets in early of the month and end of the month respectively. Can keep an eye on the agenda when it is published. As for HMTM, the UK MHRA decision will be available either by end of this month or Jan'25 which is per the 150 days approval process announced by TauRx.
Overall trend look's pessimistic o Sebastian.. down like Las Vegas cancelled casino license, PAS won election, Singapore don't wish extend license liao and another pandemic coming. Haha..
court Case make its goodwill plus performance drop , And facing Many problem including license And so on at near future . Those keep short sell will keep untung more and more until 2.3
Genting needs a smart business strategist to map out their global investments wisely. What we saw was they simply expand for the sake of expanding without much thoughts.
LAS VEGAS, Dec. 5, 2024 /PRNewswire/ -- Resorts World Las Vegas LLC announced today the formation of a Board of Directors, with industry veteran Jim Murren as the Chairman, and the appointment of Alex Dixon as its Chief Executive Officer as a key part of the Company's plan to deepen and strengthen its leadership. The new team, with a combined 130 years of experience in the gaming industry, will accelerate the Company's growth strategy and continue its mission to remain Las Vegas's premier resort
slowly but surely, Kyory :) RMLV complaints disposition decision should be available once the official response is filed. Can look ahead for the board/commission agenda in Jan'25 onwards.
Thanks for updates Cheng. Don't know future Genting will expand to Semiconductors, AI, Healthcare and Education mou, since when LKT take over from father initial only a Genting Resorts then expand to plantations, oil and gas, power, biotech and properties. Although chances are low but is good future on their financial strength.. hehe
I think its more than enough on its plate now, Kyory :) Leisure and hospitality is the cash cow for Genting's group. They should continue to use the cash generated from leisure and hospitality to scale up the other segments. Oil and gas is making good progress with first drop of LNG in 2026. Biotech investments relatively small but yet to see significant returns yet. This is expected due to the nature of the industry - extensive in R&D research followed by regulatory compliance. Once these two are completed, the returns will kick in. Thats what we are seeing with HMTM by TauRx which is at the regulatory compliance phase - marketing authorization. As for the stem cell facility in Indonesia, its a good start and you can refer to the summary here on the industry https://www.metatechinsights.com/industry-insights/stem-cell-therapy-market-1210