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Every stock also die la. Good stock die , bad stock like Genting die more . Buy now is good price . Macam 50% discount . But be prepared to hold it for 5 more years.See you in 2030.
Relief incoming next week and fight again next year? - Iran's president says some countries have begun mediation efforts to end war. Masoud Pezeshkian says any talks must address ‘those who underestimated the Iranian people and ignited this conflict’
The conglomerate discount of Gent (current market cap) versus the sum of its shareholdings of the market cap for each listed subsidiaries is showing extreme pessimism; >50% and unbelievable if you will. There are only two outcome (1) the boss to trigger privatisation, possible but not easy. (2) min 20% rebound to narrow the conglomerate discount to 30% first
it becomes attractive for the boss to privatise Gent when the conglomerate discount is at more than 50%. There is still at least 30% discount even if the boss makes an offer at 20% higher than the market. Not gonna be easy though as he has yet to complete privatisation of GenM. He will probably make a move on GenM first.
that's where the same outcome of not fair and not reasonable will be issued by independent advisor if the boss attempted to privatise Gent at low price, Vin. Not gonna be easy.
if other competitors want to take a cut of Genting, this is the best time to acquire and buy up Genting shares and get a BOD seat. never know what Genting would attract at such low valuation
mr. market took out my 5% sl last week. Will consider long term position again if mr market pushes the price up back to 2.60. Else, will just chillax first.
indeed, 仙 黄大. capital misallocation instead of returning value to shareholders. Shareholders have been attacking and putting each other down in the forum over the past two years due to persistent pessimism about the share price and its prolonged downtrend. That speaks volumes of how much Gent is hated :)
when June comes, if both the news of NY casino opening with 100-200 tables and taurx drug approval still can't increase the price of this Genting share, then we'll know how rot genting is and probably would be delisted for listing in NYSE.
I can imagine how the boss may look forward to delist Gent for RM7-8 billion for the remaining 50% outstanding shares and next list Getting America for USD10 bil for a 51% share offered. easily pocket back RM40 bil for himself and family by just spending rm8 billions here. not to forget he still own 49% of Genting America via his 100% Genting group ownership.
by that time both GenM n Gent would be delisted.
we will get to see the performance of SG and MY assets during the festive season before that; whether it will recover from the blip in q4'25. I am looking at qoq instead of yoy.
first attempt by mr. market to test 2.60. nothing much going on from the external headlines or commentaries by analysts. 6 buy calls 5 hold calls with median tp of 3.44; cautious and boring ratings :) Looking ahead - SG assets: not doing well on VIP gaming and all eyes will be watching whether The Laurus will be able to bring back the VIPs. Tourist arrivals is strong and bodes well for mass gaming and non-gaming segment. MY assets - a blip in q4'25 and all eyes on Visit Malaysia 2026 with the target of 43mil visitors. US assets - RWLV the biggest swing factor due to its volatility, a blip as commented by CEO, the ball is on the new board's court to deliver the results, no news on Empire's non-gaming assets sale to Sullivan County, RWNYC - all eyes on the execution plan to deliver Phase 1 launch by mid of 2026. Share price wise - hope (going up), disappointment (going down), sideway and the cycle repeats again since 2024 :) Will 2026 follow the same cycle?
Gent cannot make another offer within 6 months, Vin. However, Gent can accumulate from the market as long as it is below the offer price. And the previous offer closed at 73.13% shareholdings. Less than 2% short from violating the 25% public shareholding spread.
First is for GenM to make an announcement that it is no longer meeting the 25% public shareholding spread requirement. Two options from here: (1) plans to meet the 25% req (2) propose delisting of GenM. Delisting will have to go for votes and etc.
Delisting of GenM is the best way forward if the boss wanted to unlock the value of US assets given the huge capital commitments for RWNYC. After all, the previous MGO has stated that the intention is not to continue with GenM listing.
Yeah, that will be good. Now, we have to be prepared for all the different possibilities too. Meaning - option 1 which is to meet the 25% requirement. Unlikely for the boss to sell their stakes to meet 25% req. So, the other option is then to do a pp exercise.
for 3 months plus, the boss was silent and did nothing although he can easily acquired the remaining 1.7% from the market. possible it s time to make his next move?