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Index supported by EPF and local insti, Vin. Lets see how Genting performs in the quarter end rebalancing. Genting is still part of the MSCI emerging market index after all; visibility from the foreign funds. And LKT is still buying aggressively.
GenM has been removed from the MSCI emerging market index and coupled with lower dividend, Vin. I personally think GenM has a bit more downside to go. Just my personal opinions, could be wrong.
That's the job of the new CEO, COO and CFO, Vin :) Higher operating expenses seems to be culprit rather than the revenue as the ebitda margins dropped a lot.
It is also important to keep track of IB's analysis, ratings and TPs, Vin. Their ratings have significant impact since the top shareholders are mostly funds/insti. The pessimistic and optimistic funds/insti are the driving force and not retailers. It will be big/small if your average price is way higher than IB's ratings.
Measures to reduce the high operating expenses. Hope to see more aggressive actions on GenM's US assets too - LAS VEGAS, Nev. (FOX5) - A major Strip casino announced Wednesday that less than 50 full-time employees have been laid off. Resorts World Las Vegas sent out a statement to FOX5 that the “decision is part of our ongoing efforts to optimize efficiency and maximize the exceptional experience we seek to deliver to our guests.” Full statement from Resorts World:
“To best position the company, we have made the difficult decision to restructure a portion of our operations by less than 50 full-time team members. We appreciate the contributions all affected team members have made. This decision is part of our ongoing efforts to optimize efficiency and maximize the exceptional experience we seek to deliver to our guests.”
Thx for the update! :-)
Hope this is a good start for genting since the cases solved..
And today is a Quadruple witching day... Price will be volatile when closing..
No. I only hold genting..
I sold genm long time ago.. During the sue case between Disney.
But cheng, if genm keep plunge... Will effect genting share as well right..
Since alot investor less confident to lkt...
First genhk bankrupt then empire.. Now seem like genm soon..
I am ready to add on if it breaks below RM3.00 though it is unlikely, Vin. Market is bad due to tech and AI overvaluations and it will continue until it reaches attractive pricing. Tariffs are helping to speed up the corrections and DeepSeek helps to speed up the AI bubble :) Its safe in here as its neither a penny stock nor a tech stock.
Agreed, Vin. RWLV complaints closure is a big thing bcos sin stocks are sensitive to regulatory & taxes. Two events to watch out for in May (1) Q1'25 financial report - US segment performance (2) MSCI emerging market index review - it's important for Genting to stay in there; foreign funds visibility.
Ya. Really hope rwlv will improve in next qe... I Believe gens non gaming will spike... Coz of minion land... And wait for the 3Q Hotel reopen which replaced hard rock hotel
The stage has been setup by Trump to get Xi on board. However, Xi is not interested at all :) Xi's body language is pretty obvious as Xi did not attend Trump's inauguration ceremony :) So, Trump can only flex his muscles on other countries. He has increased the tariff on China to 20% and Xi hit back with 15% on US agriculture products. Trump repeatedly mention Xi is coming to China to negotiate but nothing from Xi's side on going to US to meet Trump :)
Seriously.. This trump keep take advantage from other country... Tariff everywhere..
Other country PM can't do anything...
Hope fed will cut more rate coming June...
Ya.. But for me... Most of the stock already priced in... Look at genting today... If this few days 3.20 still got support... Mostly already the bottom..
Need Trump's tariff to hit the market big time to the extend of confirmation of downturns and sin stocks historically outperform the broader market during this period :) at the back of consistent dividend and demand, without regulatory or higher taxes
Our discussion in previous post by jk was price impact ranging between 3.15 to 3.00 due to the cut in dividend from the qr. That's done deal and funds/insti would have bought it there. I agreed with Vin the bottom should not be lowered further as long as there is no negative/downside rerating for Gent.
This few days genting recover back after hit below 3.20... Genm same too...
1.63...- 1.66.
Cheng, possible the taurx will drag til end of June? Only know the result?
That day i read one article... They mentioned between April - June...
Not sure on the exact timing, Vin. The previous articles I read from UK are pointing to possible decision in Apr. My personal opinion is that it makes no difference for the regulators to wait until Jun if they have gotten the additional information from TauRx back in Feb'25.
Cheng..what do you think the percentage of approval?
Others two brand of alzheimer just rejected from UK... This is the final one... TAURX!! :-)
Last time during the month before the taurx decision... Sure alot taurx news mention on social media.. And alot analysis gv higher tp... But this month seem like quite...
Tough call, Vin. Two main objectives from clinical trials - safety and efficacy. The biggest advantage of HMTM is that it is oral medication instead of IV and the safety part of it (no adverse events reported comparing to the other two). The regulators will have to decide whether they are happy with the data provided from the efficacy perspective. If yes, it should be approved accordingly. If no, they will still have to make a decision :)
There is no strong case to totally reject it in my personal opinion, Vin. The worst possible outcome could be exceptional circumstances / conditional marketing authorization instead of full marketing authorization given the needs in the UK market. Nevertheless, I will be eyeing to buy some if market sentiment pulls it down to below 3.15 before the decision.
Conditional approval is as good as full approval. The latter is quite rare over the history of trend of approval. In condition approval, the company will have to submit further evidence/studies during the period of selling the drug. At that time, it'll be very unlikely that the drug will be pull off the shelf
yes, 1.5 for genm is scary. all hell breaks loose. discounting for future events if you will. hopefully new CEO will provide clarity on GenM's interest on Thailand's IR. Going for both NYC full casino license and Thailand IR at the same time is too much given its previous track records of investment outside of Malaysia.
its better for GenM to increase the return to shareholders and focus on upgrading MY segment instead of going for both NYC and Thailand at the same time.
btw, some US stocks have corrected to decent price :) time to update your watchlist including your HK stocks, Nick. Unlikely foreign funds will come back to KLCI blue chip stocks unless it corrected lower.
The two upcoming launch from GenS will be key to its earnings recovery - luxury all suite hotel and Oceanarium. Better still if it is in time to meet the usual Jul-Aug peak tourist arrival season.
Those day recession times genm is real really cash cow and cash rich..... Now if recession... No eyes see.... Huge pile of loan and debt interest need to serve...
indeed, Jack. If I may - two consecutive investment failure - mashpee wampanoag and followed by increasing stakes in Empire from Kien Huat Realty. While the numbers from the latest qr showing it is still manageable, I am skeptical with GenM going for both Thailand and RWNYC at the same time. I will rather sit out and wait for clarity unless it becomes really cheap.
ermm... not a good idea to have LKT to own such a significant shareholding percentage, Vin. Anything above 49% is less ideal for minority shareholders.
There hasn't been any good news for GENT since the pandemic. Cautiously optimistic. While I hope for the good news, the long period of bad news has made believing in the coming of good news less believeable
to be cautiously optimistic is the right thing to do, jiashen. Managing your own liquidity is equally important. The rest - monitoring its business progress and possible risks that could result in upward/downward revision.
exactly Cheng. the final marketing authorisation of the drug will be a major catalyst and pave the road for more marketing authorisation in more countries, and hopefully US. But I doubt US FDA will approve it due to political play
Haha... Our boss heard us... :-)
Yeah.. I got saw the news.. This coming May... I will visit gens...
Will update u guys.. How's the business there.. ^^ and minion land too
Thanks, Vin. It's open for bookings in May :) 180+ rooms compared to 380+ previously. Half the number of rooms, double the size and quadruple the room rates - sense of luxury.
I just reached the gens last Saturday and donate 20sgd there, it's my last time to go, coz I got my PR, have to pay the levy in future. There still stable, compared with my last time , abit better than half years ago, harry porter still there. The expansion is on going , can see the building shape edy. The food court was closed for renovation.
thanks for sharing, love pets. Weave (previously known as the Forum, double the size of the Forum) will be opened second half of this year joining the Laurus and Oceanarium.
Np, for casino wise, I think for low-middle income level no affected. A lot sg retired persons to spend their entertainment time in casino. But I have no idea for high income level, that we can't see, they play in VIP room.