Don’t get carried away we have group very strange investors…the price should rally strongly but small and insider investor behaviour is strange unless foreign i institutions come in big numbers including US funds! But they have great investment choice locally.

Results show significant improvement but share price may not necessarily perform the same way because of the nature of investors …strictly speaking the share price should be around 5.60 in my opinion given the growth momentum.

Genting share performance is frustrating as it was 5 plus when it was loss making and now it is struggling to get to 5, when it has become profitable, just does make sense. A big catalyst is needed. Any small rises are neutralised by selling ….sadly there is no marketing of the company or capital even to promote and disclose company strategy and progress etc. the management are sleeping and this down to share ownership.

The main problem is the underperforming Malaysian business unit. Can’t control operational costs business model is struggling ….need new management at the helm.

Genting share is like no other very strange dealing pattern lot of small holders who keep disposing with small gains probably day traders. Also cannot see Genting Malaysia business outperforming as its cost base is high and is not efficiently run. You have to look at the management staff most are related with no outside people …it is a family business working within their community not based on capability I suspect! It is is family business and not a typical public listed company …only chance of outperformance is Taurx!

The price was 5.45 plus when the group was making losses. Now it is just profitable the price has depreciated by more than 25% ….reason macroeconomic and political conditions….even though is see improvements in revenue and profitability other factors will keep lid on the price, this is despite the fact the book value Is 8.45. In addition there are unique set of factors which impact Genting which is share dealing by insiders. These are factors are not addressed by brokers….only catalyst i see is Taurx.

Look at two broker recommendations …HLG and Kenaga …a huge variance in price target. Shows how useless these guys are….both are wrong by a long shot. How can they write this drivel!

Genting m is poorly managed….. in terms of costs and resourcing. This is the main reason for share price lagging behind

Too many sellers surface when price moves slightly….suggesting investors are by in large day traders in absence of meaningful volumes…. A catalyst is needed…such Taurx approval can’t see any other catalysts other than perhaps new additional gambling licenses

Hefty impairment provisions will no doubt hit the bottom line. Pretty sure impairments are used to reduce taxable profits.

Let’s see what the results are…I am very sure the drop in price has to do with interested parties becoming aware of the results…..I am sure impairments will douse the net profit…..creative accounting to reduce tax charge

KYY….I suggest you keep to your area of expertise. You seem to suggest that only Muslims wage wars! Your assertion is too simplistic and grossly bias almost to the extent of having anti Muslim bent in your thoughts! Need to be careful. How do you explain:

1 The first 2 world wars were fought by Europeans who were essentially Christians! These two wars have chalked up most deaths than all previous wars in total.
2. How would account for US initiated wars in Vietnam, Korea, Laos, Cambodia?
3. How about extreme hatred between Protestants and Catholics …particularly in Ireland and U.K..resulting in terrier activities!
4. How about extreme rivalry and next huge conflict between China and Taiwan? Same group of people!
5. How about war between india and China in the 1960’s and another major area of conflict in the future?
As you can see Muslims were not the cause in the above conflicts!
6. US and the west has invaded Iraq, Libya, Afghanistan ….and is the main reason for conflict as they have tried to defend their territory. The Afghans unlike many other Asian countries including China and Japan has not defeated US militarily …..yet the brave Taliban have done so, as they did against the Russians!
7. Muslim countries have been at the receiving end of Western aggression…the same which took Hong Kong from China!
8. Israelis which are agents of US have stolen and occupied Palestine lands ….and have committed genocide for last 75 years….but then you probably don’t care and blame Muslims. By the way Palestinians are Christians as well!
9. Indians with help,of Israel, US and West are terrorising

Based on info floating around in certain circles in U.K, Taurx is likely to receive approval ….very soon. When announcement is made price will hike….

Taurx U.K. approval imminent from U.K. source.

U.K. Approval imminent for TauRx.

The same battle is being fought by the US to discredit Chinese businesses like Ali Baba, HuaWei and others….t there is a tion in Europe against Ali baba for spying! All western companies employ spies in Asia. All of them ..beleive me. They are called liaison officers etc

US and it’s western cohorts are the real terrorists of the world …U.K. Israel imported Europeans migrant Jews to present day Israel, as Palestians Arabs were 95% of population of area…these Europeans have nothing in common with local Arab Jews…Zionist state was created …..Orthodox Jews are not supportive of Zionist Israel…as they are no different to Nazis of Germany! Shame on them..world sits and watches silently. See how west responded to Ukraine call….US is next purge is China / Iran….US is the worlds most active terrorist. Many Israeli / US spies in Malaysia …looking to cause trouble in this part of the world inlcuding Indonesia

There are some rumours floating around in U.K. re Taurx progress on regulatory approval! What I hear is that some positive news is around the corner! Let’s see.

Well run bank now better t management than poorly governed companies like Genting family run rubbish highest paid ceo etc etc some Malaysians go on and on about Genting.Why? Who are they?

Keep blaming green wave …some in this forum blamed talibination …..as the reason for Genting underperformance. The fact is some guys don’t want to swallow the truth and look for excuses! The simple truth is Genting is company with legacy mind set very old archaic thinking …with incompetent overpaid CEO who does not know how to revive the company. We have examples of many better CEO’s in Malaysia….but recognised by bias , racists basically of their capability eg CEO of CIMB who has turned the company around. Where as Genting this family owned dinosaur of a company needs new blood and professional CEO to take charge ….perhaps from the west to bring governance and cost control and shafting of shareholders!

Genting shares has small traders who continuously sell on small movememtw. I am beginning to think it is dead stock …until there is catalyst like, big sale of properties or businesses or listing ….or Drug approval! Otherwise the management are sleeping with no incentive do anything this happens when CEO is the highest paid despite poor strategy and governance! Need professional management….like in US companies.

Re dividend..I rather Genting focus on improving its EPS, so that the price recovers. Until EPS grows there will be no uplift in price. They need use cash genrated to reduce interest payment. They did pay not high dividend due to boss not needing the extra cash flow probably for tax reasons!😀This is an issue with large shareholder who runs business as family business as opposed to running for the Shareholders. Their presentations and market up dates awful or simply don’t done, CFO is not active etc etc….that’s why it is stuck for some time.

I guess reasonable progress in terms of revenue generation but the bottom line is impacted by interest on loan as well poor management of cost including CEO pay. The loan issue can be partially resolved by sale of property, monetising businesses or rights issue as opposed to private placement. Unless these actions are taken profitability will remain subdued.

One of the worst run companies …..around. Sorry to say that …no control over cost or business strategy for that matter……evidence the highest paid CEO….for business that generates losses….he get paid more than CEO of Rolls Royce, IAG, Ali Baba, and so on ………all perform better than Genting why….. because they have professional qualified leaders…..not family members…..than we have party related transactions ….now and than to dilute investors …..even more. Only way to make money is to watch out for any party related event…..

One of the most undervalued shares has to be Ali Baba….for sure ….dogged mostly by political issues and now China slow down…..it’s rival Amazon despite correct in its price is valued 7 times more just because it is a US company.

Drug research, development and approval process does take long time. So 15-20 year wait is not extraordinary event. If there was no hope than Taurx won’t be supported and would have been ditched long time ago. The question is whether the long wait will be fruitful? Agree nobody would buy Genting for Taurx….but it does add some spice.

Most Indians here pay homage to Modhi and not local,leaders and same can be said about the other lot who look to Singapore…. Singapore is what it is Becuase of West. Have you wondered if people are so capable why you need western CEO’s and CFO’s? Think about it …Singapore has been given f35 for what? To fight China…!

Usual racists refer to Taliban …as some negative ! I tell these little cowards are you small fellows able to beat US…militarily! US invaded Afghanistan and Taliban were created to fight US and previously Russia. Are you capable of doing that! Sit behind a computer and throw garbage at other people is not very decent ….look at your self before commenting

All points to poor earnings ……I am afraid. Inside info is quite telling.

Paying a dividend when you have large debt is not sensible, short term pleasure and long term disaster. Good financial management is needed where costs are brought under control. This has sadly not been the case. Sale of Miami is needed and perhaps selling or listing of Las Vegas business to generate value…unfortunately climate is not right for that either.

Shares and warrants worth a punt. Particularly the exercise price for warrants is 1 RM….they will surely motor once PN17 is removed and business recovery accelerates.

Fines on CIMB will be immaterial ….unlike the bad loan write off few years back….

CIMB again caught out in Singapore. Singapore business for CIMB is an issue….worst loan write off and now money laundering….we all know despite MAS having a reputation for strict regulation officially has been found out ….lot of the money which comes in from China, Russia, India, U.K. etc is black money ….they let it through as it helps the economy, asset prices etc ….

I am sadly predicting half year performance below expectation, you see selling pressure as insiders being to load….normally you should see price rising even though overall market sentiment is pretty bad. Genting has been poor in managing costs and this will filter through lower profitability. The only big catalyst I see is Taurx.

Genting we all know is undervalued ……however the market is bad and Malaysian market has been very bad for some time. Let’s see if the results are much better and if management have been able control costs.

I think I know the valuation method based on more than 20% equity investment in Taurx would be % share of Taurx profits….which would be a loss!

How is Genting B valuing its 20% exposure in investment in Taurx? Is it at book cost or mark to market? Surely it can’t be mark to market as Genting would have much higher valuation!

There is much talk about foreign investors…sadly there are many more suitable better propose than companies out there in the global market than Genting, which fraught with insider dealing or should I say related party transactions ….we need more local medium term investors.

Thank you AngTaylor….interesting article. We know the whole drug approval process is fraught with corruption and power politics particularly in the US. There is conflict of interest for sure. I visited a Well known cardiologist in KL, he suddenly wanted me to try a new medicine…..questionable given I had no changes ….he was being paid by the pharmaceutical company to push this new medicine,which was a US company. Yes, the behaviour outlined in the article is prevalent. In case of Taurx, have they got the financial budget to pay somebody to get the regulatory approval? I would say they are more likely to get approval in U.K. than US, NHS, is struggling and looking for cheaper options than those in the market currently. NHS is simply not geared up to support patients that require invasive treatment and on going monitoring. Let’s see! Hope for the best.

Patience is a virtue. Let’s see what happens.

According to friend of mine associated with Medscape U.K. a medical journal. U.K. regulatory approval for Taurx is very likely this year! TAURX have accelerated pathway for approval. The question is when they get approval what will Genting share price do? A 20-30% pop is possible. Then usual profit takers would sell and this will be followed by another up lift from institutional investors when true impact is known. Being overweight in Genting is not a bad strategy.

Poor performance and rate of return is due to poor governance …..and related party transactions over th E years …leading to mistrust by the investing community. In addition there is never forward looking statements by the company …totally nit interested driven by single large owner of shares who is responsible for running the company …hence no incentive

Ha ha usual Genting….shareholders. It may time to sink in….but many lunch merchants will sell as it goes up for sure….if you believe in the strategy then hold as benefits of Taurx investment makes sense, perhaps for all,those patient investors we may have perfect lining …with other parts of Genting business

I wonder how Genting Berhad are currently valuing their investment in Taurx? At book cost or market value?

Very promising …indeed ….based in this regulatory approvals should be on the cards. However, we know FDA are funny bunch ….and lot of money is at stake…so unless willing to pay an handsome sum, getting approval may take some time …let’s hope TAURx team have insider connection.

Results are probably not good….impairments remember are creative accounting to get manage results. There is no interest in the management to let the price rise….no effort is being made….in fact quite the contrary, yes, market sentiments are poor, but if you look around globally the recovery stocks have recovered well….Genting is a very strange counter ….lot of small sellers may be acting in syndicate ….that what it looks like!

Insiders know the results and therefore are selling?

Sorry paying dividends alone does not mean it is blue chip! The dividend yield is relatively low compared to its sector…most people invested in the shares are hoping for good capital return.

Generally to stock suffers from poor governance. CEO salary is a classic example as well as share transactions mostly dumping following random announcements. Yet there is lot of foreign institutional shareholding. Wish Genting was US listed it would be forced to be more transparent and abide by good governance. Not that US is capital of good governance!

Please note …..both maybank and Genting group unlikely to collapse! Maybank is not an investment bank per se like US and some western banks. Investment exposure is limited and complex product manufacturing is pretty much zero. Only risk is bad debts. But it has plenty of cushion and governance is pretty good. Genting group is also low risk from being bankrupt given it is diversification and attractive portfolio. So please do t waste time talkimg about failing…this is an investment forum focus on the positive side. Maybank is income stock and Genting has the potential for significant capital growth …in the medium term…assuming the owner does not dump shares.