Riaz1954

Riaz1954 | Joined since 2019-02-14

Investing Experience -
Risk Profile -

Followers

2

Following

0

Blog Posts

0

Threads

1,320

Blogs

Threads

Portfolio

Follower

Following

Summary
Total comments
1,320
Past 30 days
21
Past 7 days
4
Today
0

User Comments
Stock

2024-03-08 11:23 | Report Abuse

As I said Genting governance is very poor. Last time june 2022 if I remember correctly share price was suspended pending announcement of results which were still effectively in progress until additional 12 month was added to open label. This time the extended test results are even more conclusive and yet no suspension! These things and May Banks timely article needs to be questioned. Foreign investors will keep out due to poor governance. It all stems from owner / CEO …..should be independent western professional CEO …sorry to say that!

Stock

2024-03-08 09:55 | Report Abuse

JK…yes Taurx, is a private company. The real action and potential will be reflected in share price of TauRX

Stock

2024-03-08 09:46 | Report Abuse

Genting investors had been bitten too many times and are shy ow when it matters….2024 will be defining year unless boss unloads to invest in mars. I wonder what the price trend is with Taurx share price

Stock

2024-03-08 06:53 | Report Abuse

Jack Khan fair value before Taurx was 5.70!

Stock

2024-03-08 06:52 | Report Abuse

Panel discussion today will further cement the outcome and success of the drug. New investors will pile in perhaps foreign flows when market opens later this afternoon. It will take time for news to filter through and ultimate possibilities will run for while. With 1qtr showing uptick things will look better.

Stock

2024-03-08 06:36 | Report Abuse

Once approval is given or even just before some big pharma company may make an offer to JV or similar to manufacture market and distribute the product. What ever happens 2024 promises to be an exciting year. Remember markets look ahead. Those who sell early may miss out on ultimate gains.

Stock

2024-03-07 10:09 | Report Abuse

We already know the past results were positive, and were promising, the additional data is being presented can only be positive, otherwise they would not go through this process of expense to present inclusive data! Simple logic…and don’t forget they have already applied for CA ….in my opinion it is already case of When and not of If…..the process to marketing the product and generating revenue is a fairly long one. That said the market is forward looking and investors will begin to make the move early, as suggested by Maybank the strategy could be to invest early or have a good position early …given that Genting is below valuation in May case without Taurx it makes sense to invest at this pricing point. Some folks will trade but the better option is to invest and wait surely,….it is a gamble worth taking ….all stock investment is a gamble.

Stock

2024-03-06 10:07 | Report Abuse

Actual presentation of test data and results are on 7 March, one should form own opinion on the test data and discussion by the experts to work out probability of CA. Don’t rely on May bank or my other analysts as they are all crooks…playing a double game.

Stock

2024-03-06 09:26 | Report Abuse

Maybank customers unloading

Stock

2024-03-06 09:26 | Report Abuse

Reversing already

Stock

2024-03-06 09:16 | Report Abuse

Still struggling to get over 5 mark! It’s incredible given that even before Taurx potential price should be 5.70 in any case. Suggests there are many investors bought above 5 looking to unload

Stock

2024-03-05 20:52 | Report Abuse

This could be a false alarm again…but we are getting very close for a positive outcome if not now than later this year.

Stock

2024-03-05 20:50 | Report Abuse

https://www.businesstoday.com.my/2024/03/05/all-eyes-on-gentings-taurx-alzheimer-phase-3-trial/
We know that approval update is not forthcoming at the conference, however the results of the extended test data will be revealed and discussed at the conference with industry experts. The outcome won which will indicate whether there is a strong probability for CA from the regulatory bodies in UAE, US and U.K. This should be sufficient cause excitement and rerating of Genting share price. Let’s see. Risk / reward on balance is to remain invested or increase investment!

Stock

2024-03-05 15:55 | Report Abuse

I thought the results will be presented 2nd of the conference.

Stock

2024-03-01 08:43 | Report Abuse

Get somebody like Tufan E Turkish CEO of Rolls Royce plc aeronautical company, I promise he will sort out Genting in 1 year….he is master of turn around and he is on GBP 1 m plus salary, share options. He is not demand …..the problem is he will find many things thst are being done not to make profit ….!

Stock

2024-03-01 08:26 | Report Abuse

I honestly think Genting needs a new CEO perhaps from another country and industry….need a professional business manager and not shareholder. Pay should not be an issue as current incumbent earns top tier compared to international markets…in fact he is over paid, fresh blood will invigorate share price

Stock

2024-03-01 08:24 | Report Abuse

I am sure people in this forum will be happy to learn that IAG (British Airways) made GBP 3b profit increasing by 600% from last year and yet the price fell 3.9% ! Annual profits made up 50% of the value of the business …Shockingly undervalued .We are not alone😀😀. The reason cited, management are very poor in communicating and strategy is also prone to surprises. Sounds very familiar.

Stock

2024-02-28 20:56 | Report Abuse

Genting P also poor full year results like Sing! What are these guys doing when all other business are recovering Genting is all over over the place. Let’s see tomorrow what holds …

Stock

2024-02-28 16:39 | Report Abuse

Closing of casinos means more impairment charges,😡in the pipeline.

Stock

2024-02-28 16:38 | Report Abuse

Good move to close old casinos! Really, why was it not done earlier? Always chasing the game…quite obvious hoards of Chinese tourists have not materialised and further more those that have come are not going to casinos old or new. Makes you wonder how this business is being managed …had so much time during CV19 to review business model and strategy ….! Let’s see …the creating accounting n7menrs when they are presented nobody knows when..not even publised in their web site…these are annual results important ones and here were assuming that will be Thursday/ Friday. So unprofessional when you compare to modern businesses.

Stock

2024-02-27 09:49 | Report Abuse

Lot of selling but being absorbed so there are buyers…which is encouraging…..sign ! Who is absorbing the sells?

Stock

2024-02-27 01:21 | Report Abuse

Still looking on how to I’m feast impairment charges!

Stock

2024-02-27 01:20 | Report Abuse

Such poorly managed company they can’t even state the date of the results on their web page under investors !

Stock

2024-02-26 09:38 | Report Abuse

Sales are being absorbed that means there are buyers!

Stock

2024-02-26 09:37 | Report Abuse

On same token of very bad there would have been lot of sales? Probably profitable but not in with expectations! Our expectations based on results to date is that the price should be 5.7 or thereabouts in any case. Unless sales slump across the business units.

Stock

2024-02-24 14:18 | Report Abuse

No need to sell, it is just Singapore other results may be ok….also there may be certain announcement!

Stock

2024-02-24 12:25 | Report Abuse

We know 2023 full year will generate higher profit than FY 2022, however the final quarter may show lower profitability …as was the issue with Singapore ..with no previous warning or indication ….as it should have been flagged during 3rd Qtr results! Also no update on Miami land sale. All gone quite which suggest to me there were really no real buyers in the first place just interest.

Stock

2024-02-24 12:20 | Report Abuse

As a minority shareholder we need to be vigilant of big sell done followed by announcement on Taurx for example…this can happen in March or perhaps later. Public announcement as well trade suspension will controlled by Genting .. this is also a possibility, who knows.

Stock

2024-02-24 12:07 | Report Abuse

Good discussion what the real issue is here. We are beginning to understand what is the cause of underperformance. The business post CV is recovering well, but the issue is the boss holding majority of shares and therefore minority shareholders are impotent. He can’t be removed as CEO and even business deals such Empire resorts transfer to Genting cannot be challenged nor can dividend payments …as the boss is in charge firmly in all business units as well Group company. This in itself is highly unusual. It is very frustrating being shareholder as we all want to make company from a business that has done well in the past. To make money we need Genting to operate as a listed company operating in open market conditions!

Stock

2024-02-23 20:12 | Report Abuse

Sure they may be right, but these surprises are all too common with Genting …. This time it is impairment suddenly next time something else or as was few weeks back transferring more shares held privately in empire resorts to Genting! Company lacks governance and professionalism I would say …needs to CEO from outside to get credibility not a family member.

Stock

2024-02-23 17:36 | Report Abuse

Good old dreaded impairment charges…these charges go up and own like yo yo. This is called Creative accounting ……let’s see what impact this has on the group as well as if other business also have elevated impairment charges …often referred to as black box!

Stock

2024-02-23 10:22 | Report Abuse

Keep kicking the can down the road next quarter, the following quarter and next quarter after that and so on. Business is unstable …with poor cost control.

Stock

2024-02-23 10:17 | Report Abuse

See the headline focus on full year results as opposed to last quarter. No explanation notes etc. when you watch major western companies results presentation, there is granular data explanation and the CEOs are so professional as they have to be otherwise they get sA ked by shareholders. I watched Rolls Royce live presentation including questions from analysts. It was absolutely brilliant . The CEO is brilliant…so is the CFzp we have monkeys ….there is no consistency from 1 quarter to another ..suddenly you find items written off in one period ….very difficult to read…..the results.

Stock

2024-02-22 18:27 | Report Abuse

Excellent Genting Simgapore results $611 million net profit 80% higher y-o-y revenue up 40% to 1.5 b usda! Excellent well,done. Will it translate into higher Genting group,proce let’s see!

Stock

2024-02-22 16:41 | Report Abuse

Never interviewed by TV channels like Bloomberg / CNBC etc …..as they not professional managers …and do t have a world perspective.

Stock

2024-02-22 16:39 | Report Abuse

Poor snow no pressure results rally….Genting Sing also no activity …..very poor really. The management of these companies in Asia are not proactive…don’t know how to speak and market the company ….witht he exception of one or two ceos

Stock

2024-02-22 10:05 | Report Abuse

Fair value using recognised valuation tools suggest the price should be 5.78 and the net asset value is 8.40 so this along with improving business environment and hopefully lowering of interest rates should mean share price rise. But as I said these positive metrics do not address owner disposing shares at will without warning ……or investing in poor assets…..this has created mistrust …only really good hope is Taurx as it will be potentially new income stream. Incidentally Miami land sale has gone quiet…when it was announced the price went up which followed by dumping of shares and then annocument that deal,was off! Very iffy.

Stock

2024-02-21 20:11 | Report Abuse

Boss sells we do t get to hear about it until after case in point when Taurx news was announced, price shots up well into 5.30+ and it boss u loaded and we were told after the disposal ….too late ……price already collapsed. Boss gets advantage of first move ! Never real time! This happened on few occasions. Let’s see. Laws need to be changed for significant disposal …unloading 500 m USD is not small change when foreign inflows of 150m usd is regarded by Bursa as significant foreign inflow!

Stock

2024-02-21 10:44 | Report Abuse

Genting S results close of business tomorrow. Genting following day ….price going no where …..results are known to insiders for sure ….yet price is neutral. Anything can happen …who knows

Stock

2024-02-20 15:54 | Report Abuse

2023 full year results will be much better than 2022 is what I meant!

Stock

2024-02-20 15:52 | Report Abuse

Michael - Chan, i disagree with your notion that we are lucky price could fallen below 4 in 2023! Remember 2023 results where way better than 2022 and price was higher! Makes no sense. According business recovery share price should be around 5.60 + for sure only reason is these wretched purchase of additional investment in empire resorts and other party related transactions ….this has caused immense distrust ….and is the main reason for under performance ….! We need to be honest about all this. The results will be better than 2023 unless there unforeseen charge in P&L such as degraded assets!

Stock

2024-02-20 15:46 | Report Abuse

Huge selling pressure as soon as price rises …..it is is being absorbed ….makes you wonder.

Stock

2024-02-20 11:05 | Report Abuse

Slow and steady more like reverse and steady. Even Dialog after reasonable performance has shot up.

Stock

2024-02-20 09:20 | Report Abuse

Buy volume is almost 97% and yet price has just moved to 4.94…it is being held

Stock

2024-02-20 08:18 | Report Abuse

Dumping of large shares in open market by boss is really very bad governance ..this has happened few times. Bursa announces such transactions after the event. The right way to sell large number of shares by boss is to do it out of market this way it is less of a shock and is controlled.

Stock

2024-02-20 08:15 | Report Abuse

StevenChua….correct this is the risk which is keeping the Genting share price checked …as well party surprise party related transactions …which can come out of the blue like Getting Genting to buy privately held Empire Resorts investments at inflated price….this is the main issue. This lack of good governance is what is stopping Genting and reason for underperformance which began before CV 19 some 7 years ago. But you never know things may change. Shareholders Need to be vigilant when announcements are made in relation Taurx..big selling could be followed by acquisition of shares before an market update

Stock

2024-02-19 09:32 | Report Abuse

Significant Resistance at 5.0 and all the way beyond….however sells get absorbed

Stock

2024-02-16 13:07 | Report Abuse

Sing gent flyers results should be out soon? Perhaps today or early next week. Most probably next week as people are still on extended holiday.

Stock

2024-02-16 11:55 | Report Abuse

Businesses of course are different …I was referring to shareholders …one has significant ownership by one individual / family as well as known poor governance standards which create uncertainty as at any time shares may be dumped in open market or some related party transaction can be made ..which causes havoc to share price. It does not mean Genting share price may not perform it is just that the risks from these actions are high and consequently we are seeing share price being held in a tight pattern.

Stock

2024-02-16 10:43 | Report Abuse

Huge difference between Gamuda and Genting and for that matter CIMB in relation to shareholding and lack of independent governance. Genting suffers from owners share dealing and party related transactions.