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genting is a gone case for now and may go below 2.60 in the next few months until more clarity on its GenM takeover in June. when there s no dividends for the rest of 2026, easily it could fall below rm2.30 n continue to rm2 in 2027. by that time, the boss would be happy to delist Genting Berhad at 2.35 instead of delisting GenM.
Mrs xlg, your later could be after June when there s more clarity on the privatization. if by then still now news and update, then it would definitely below 2.50. in saying this, there s still one more wildcard which is taurx. by June, there should be decision on the hmtm drug. if MHRA rejects it. then jialat, easily down below rm2.
in conclusion, if you enter now, you are looking at rm0.2-0.3 gain by June or you could at risk of losing 0.4-0.5 by June too if it down below rm2.50 due to all the negative news that I have stated.
the only positive news is taurx approval and the market could just react like in Oct and pushed the price up to 3.50 below dropping back again. but Taurx should be able to hold genting above rm3 for years to come due to additional 1 billion income from the drug sales.
Marina Bay Sands in Singapore was the standout performer, delivering exceptional results with adjusted property EBITDA of $806 million, a 50.1% increase from $537 million in Q4 2024. The property achieved an impressive EBITDA margin of 50.3%, up from 47.2% in the prior-year period.
The strong performance was driven by significant growth in both mass gaming and VIP segments. Mass win reached $951 million, up 27% from Q4 2024, while rolling volume increased 66% to $13.4 billion. These results reflect the successful completion of the suite renovation and refurbishment program in Q2 2025, which upgraded the resort to feature 1,844 keys, including 775 suites.
Persistent Losses: Empire Resorts, which operates Resorts World Catskills and Resorts World Hudson in New York, has been in a loss-making position for more than 20 years, with significant annual losses.
for the past 3 years it reported around USD53-57 mil losses per year. more than 20 years and still making losses. such biz isn't sustainable and yet the boss kept pumping money in. if it can't make profit in early 2000, what would make it to be profitable in 2026 now with such volatile economy and high inflation? this would just cont to bleed Genting rm200-250 millions yearly for nothing but the own boss pride
now the only viable business is the new NY casino license which most analysts believe would only turnaround the US biz in 2027. so 2026 gonna be ugly for Genting as its capex would be extremely high for both New York and Singapore. the wildcard would be Taurx which still pending approval after 1.5 years now which most believe the latest decision should come by June 2026 as the authority must decide by then and can't delay it any further.