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@cheng NTA Rm8++ and with the secure of NY casino license and settlement of some of the fines in US, instead of moving up to rm4++ -rm5 which were the intrinsic value back in 2023-2024, it cont to erodes in price even though the boss own almost 50% of the outstanding shares. and this trend has cont since 2017 from rm10++. possibly the boss is manipulating and would privatize Genting Berhad in 2-3 years time for a low valuation once he delisted GenM.
next he may list Genting America and pocket all the gains for himself leaving all other minority shareholders absorbing all the losses for the last 12 years.
the longer it takes to list GenUS and reduce the leverage, the lower the share price will go as US assets will continue to drag and consume the earnings from MY and SG assets. Continued US expansion leading to rising assets but negative substance.
it's hard to say... IOIpg downtrend for so many years since the first day listed in klse until the big Boss had passed away yet it still continuing downtrend during that time...