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Buy at 1.80? Even 1.50 also consdider expensive.
1. Genm is a sunset industry espcially in Msia.
2. Govt policy going forward will either restrict business or add additional cost to Genm.
3. The Nons population is going to reduce going forward. Chinese population also decreasing. Don't talk about growth - how can Genm maintain even current revenue if customer base is decreasing.
4. Highly geared. 8b net debt.
Hi Jane, hi everyone,The real issue with Genting Malaysia (GenM) is that gambling debt is legally unenforceable in Malaysia and China. In the past, a portion of the company’s revenue likely included high-roller gamblers who wagered with borrowed money. Moving forward, junket operators will stop lending money to gamblers, which will result in lower revenue for GenM in the coming months.(myguess)