Looks like the tax effect only about 7 to 10% on the profit,does this justify the drop from 5.90 to 3.04,nearly 50%

Tomorrow 3.30

Q to Q 282 mil to 476 mil ,up nearly 70% the profit ,bear in mind ,there queter also affected by increase of tax,6 % very diveden

Qr released tomorrow.... tomorrow up another 8 cents,,,let everyone digest the good results next 3 days , Tues up another 20 cents to 3.40

Still not out ?results too good

Please post it if results is out

Sudden jump ,good results

Mother profit drop?

Genp declare 3.5 cents div

Why the report not out?this Friday 30/8?

Stocks - U.S. Futures Jump After Trump Says China Wants to Restart Trade Talks
Stocks - U.S. Futures Jump After Trump Says China Wants to Restart Trade Talks
Investing.com | Aug 26, 2019 07:04AM ET

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Stocks - U.S. Futures Jump After Trump Says China Wants to Restart Trade Talks
Investing.com - U.S. futures pointed to a surge on Wall Street on Monday after U.S. President Donald Trump said China wanted to reopen trade talks.

Speaking at the G7 summit in Biarritz, France, on Monday, Trump said that he had received two phone calls from Chinese officials over the weekend urging new talks.

“This is the first time I’ve seen them where they really do want to make a deal, and I think that’s a very positive step,” Trump said.


The Chinese Foreign Ministry said it was not aware of any phone calls between the two nations but Vice Premier Liu He said he wanted to solve their trade differences as calmly as possible. Tensions escalated on Friday after both the U.S. and China announced new tariff measures and Trump appeared to threaten to use emergency powers to force U.S. companies to stop making goods in China.

Nasdaq 100 futures rose 60 points or 0.8% by 6:40 AM ET (10:40 GMT), while Dow Jones 30 Futures gained 163 points or 0.6% and S&P 500 futures were up 13 points or 0.5%.

Technology stocks surged, with Apple (NASDAQ:AAPL) up 2.1%, Advanced Micro Devices (NASDAQ:AMD) rising 3.3% and Tesla (NASDAQ:TSLA) jumping 1.7%. However, those gains weren't even half of the losses that all three companies sustained on Friday.

Walt Disney (NYSE:DIS) gained 0.9% after reports that it is collaborating with Target (NYSE:TGT) to open stores in 25 Target locations across the U.S., with another 40 planned by October 2020. Target rose 0.6%.

Elsewhere, Amgen (NASDAQ:AMGN) said it would buy Celgene's (NASDAQ:CELG) psoriasis treatment Otzela for $11.4 billion net of tax considerations. The asset is being sold off as part of Bristol-Myers Squibb's (NYSE:BMY) acquisition of Celgene.

On the economic front, durable goods orders for July come out at 8:30 AM ET (12:30 GMT).

In commodities, crude oil rose 0.8% to $54.58 a barrel. Gold futures gained 0.2% to $1,540.25 a troy ounce, while the U.S. dollar index, which measures the greenback against a basket of six major currencies, was up 0.3% to 97.847

Down future down 260 initially but now up 100

3.20 easily ,may go higher

Open at 3.13

DJ future up another 250 ... tomorrow GENM start to move

DJ up 300 .. sentiment better ,will go up to 3.30 soon

It will never drop below rm3,
If yes ,it will be only a short while , better grab it ,

Buy at 3.12 to 3.14. 30%,. If drop to 3.02/4 buy another 25% if drop to 2.90 buy another 20%.if drop to 2.80 sapu with all your balance 25%
Instead of waiting for it to go to 3.40/60 ,then only buy,it is better to buy now in stages...no need to listen to all unnecessary comments and affected your emotions

3.10 is the lowest....waiting for any good news to shoot up, TP 3.65

I never posted any comments,busy monitoring ,bought at the lowest 3.11

If file bankruptcy is aggod news because GENM will not get involved and the deal will be called off ,the price will go back 3.85 before the announcement of the bad news

Very dull today , consolidate for next week

About 3 percent of the total value of GENM

That day total value was only rm700 million done

Sell by foreign fund not only retailer

Now opening 3.26

Opening 3.25?

DJ up 300++

Very comprehensive analysis,tqvm,today will up ,how much I DK , hope to 3.35 at least

Why no query from bursa and reply from Gem

Looks like everyone is waiting for Bursa qeury and clarification from LKT....normally today after 5pm is the reply .

From my observation of the movement of the price,the worse is over but will consolidate at 3.35 to 3.50 in next 3 weeks unless the result is too bad end of month

Flying today ,to close at 3.40

Alan how do you know opening 3.20

So much seller at 3.20

RHB maintain buy.rm4.40

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TOPICS#AnakAnakMalaysia2019 | SOBA 2019 | Export Excellence Awards 2019 | Asean+ | True or Not | Do You Know | Star Golden Hearts Award
Quick take: Genting Malaysia tumbles 10% on shareholders fret over Empire acquisition
STOCK ON THE MOVE
Wednesday, 07 Aug 2019 10:10 AM MYT
image: https://apicms.thestar.com.my/uploads/images/2019/08/07/198304.png


KUALA LUMPUR: Genting Malaysia Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

’s (GenM) shares tumbled by over 10% in early trade Wednesday, after announcing that it would acquire Empire Resorts Inc, from Tan Sri Lim Kok Thay, via Kien Huat Realty III Ltd.

The gaming stock fell 10.25%, or 37% to RM3.24, making it the top losers on Bursa Malaysia with 148.55 million shares done. Separately, Genting fell 3.61%, 24 sen to RM6.41.


GenM said its wholly owned Genting (USA) Ltd has proposed to acquire 13.2 million shares in Nasdaq-listed Empire Resorts Inc from its single largest shareholder Kien Huat Realty III (KH) for US$128.6mil (RM538.8mil).

It is further proposing a joint venture between GENM and KH to gain full control of Empire Resorts.

The 13.2 million shares currently represents approximately 46% of the shares of common stock held by KH and which also represents approximately 35% of the outstanding voting power of Empire on a fully diluted basis after conversion of all preferred stock currently outstanding into common stock.

KH is currently the largest shareholder of Empire, owning approximately 28.91 million shares or 84% of common stock.

The company owns and operates Resorts World Catskills (RWC), a casino resort situated on a 1,700-acre site in Sullivan County, New York in America. Empire also owns and operates Monticello Casino and Raceway.

On the rationale for this move, GENM said that this would better position the Resorts World brand in the northeastern US gaming market through more effective cross marketing with Resorts World Casino New York City.

RHB Research is neutral on the proposals and believed that the total acquisition price of US$180mil (RM754mil) for GenM to own 49% of ER via the proposed JV was insignificant, at c.3.5% and 4.3% of GenM’s market cap and net assets.

“While the acquisitions are not value accretive (at 1.9x P/BVvs GENM’s current P/BVof 1.2x) and may negatively affect our earnings forecasts, the acquisition price appears to be fair compared to the potential GGR of over USS$200mil and US$1bil cost to construct RWC,” it said.

The research house added that undertaking a similar greenfield expansion of such a scale (along with a licence) would likely cost more, based on its estimates.

RHB has reiterated its “buy” call on GenM with an unchanged SOP-derived target price of RM4.40, 22% upside plus 4.4% FY19F yield.


Read more at https://www.thestar.com.my/business/2019/08/07/quick-take-genting-malaysia-tumbles-10-on-shareholders-fret-over-empire-acquisition#lmfdr7DX2qsoX7hh.99

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TOPICS#AnakAnakMalaysia2019 | SOBA 2019 | Export Excellence Awards 2019 | Asean+ | True or Not | Do You Know | Star Golden Hearts Award
Quick take: Genting Malaysia tumbles 10% on shareholders fret over Empire acquisition
STOCK ON THE MOVE
Wednesday, 07 Aug 2019 10:10 AM MYT
image: https://apicms.thestar.com.my/uploads/images/2019/08/07/198304.png


KUALA LUMPUR: Genting Malaysia Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

’s (GenM) shares tumbled by over 10% in early trade Wednesday, after announcing that it would acquire Empire Resorts Inc, from Tan Sri Lim Kok Thay, via Kien Huat Realty III Ltd.

The gaming stock fell 10.25%, or 37% to RM3.24, making it the top losers on Bursa Malaysia with 148.55 million shares done. Separately, Genting fell 3.61%, 24 sen to RM6.41.


GenM said its wholly owned Genting (USA) Ltd has proposed to acquire 13.2 million shares in Nasdaq-listed Empire Resorts Inc from its single largest shareholder Kien Huat Realty III (KH) for US$128.6mil (RM538.8mil).

It is further proposing a joint venture between GENM and KH to gain full control of Empire Resorts.

The 13.2 million shares currently represents approximately 46% of the shares of common stock held by KH and which also represents approximately 35% of the outstanding voting power of Empire on a fully diluted basis after conversion of all preferred stock currently outstanding into common stock.

KH is currently the largest shareholder of Empire, owning approximately 28.91 million shares or 84% of common stock.

The company owns and operates Resorts World Catskills (RWC), a casino resort situated on a 1,700-acre site in Sullivan County, New York in America. Empire also owns and operates Monticello Casino and Raceway.

On the rationale for this move, GENM said that this would better position the Resorts World brand in the northeastern US gaming market through more effective cross marketing with Resorts World Casino New York City.

RHB Research is neutral on the proposals and believed that the total acquisition price of US$180mil (RM754mil) for GenM to own 49% of ER via the proposed JV was insignificant, at c.3.5% and 4.3% of GenM’s market cap and net assets.

“While the acquisitions are not value accretive (at 1.9x P/BVvs GENM’s current P/BVof 1.2x) and may negatively affect our earnings forecasts, the acquisition price appears to be fair compared to the potential GGR of over USS$200mil and US$1bil cost to construct RWC,” it said.

The research house added that undertaking a similar greenfield expansion of such a scale (along with a licence) would likely cost more, based on its estimates.

RHB has reiterated its “buy” call on GenM with an unchanged SOP-derived target price of RM4.40, 22% upside plus 4.4% FY19F yield.


Read more at https://www.thestar.com.my/business/2019/08/07/quick-take-genting-malaysia-tumbles-10-on-shareholders-fret-over-empire-acquisition#lmfdr7DX2qsoX7hh.99

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TOPICS#AnakAnakMalaysia2019 | SOBA 2019 | Export Excellence Awards 2019 | Asean+ | True or Not | Do You Know | Star Golden Hearts Award
Quick take: Genting Malaysia tumbles 10% on shareholders fret over Empire acquisition
STOCK ON THE MOVE
Wednesday, 07 Aug 2019 10:10 AM MYT
image: https://apicms.thestar.com.my/uploads/images/2019/08/07/198304.png


KUALA LUMPUR: Genting Malaysia Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

’s (GenM) shares tumbled by over 10% in early trade Wednesday, after announcing that it would acquire Empire Resorts Inc, from Tan Sri Lim Kok Thay, via Kien Huat Realty III Ltd.

The gaming stock fell 10.25%, or 37% to RM3.24, making it the top losers on Bursa Malaysia with 148.55 million shares done. Separately, Genting fell 3.61%, 24 sen to RM6.41.


GenM said its wholly owned Genting (USA) Ltd has proposed to acquire 13.2 million shares in Nasdaq-listed Empire Resorts Inc from its single largest shareholder Kien Huat Realty III (KH) for US$128.6mil (RM538.8mil).

It is further proposing a joint venture between GENM and KH to gain full control of Empire Resorts.

The 13.2 million shares currently represents approximately 46% of the shares of common stock held by KH and which also represents approximately 35% of the outstanding voting power of Empire on a fully diluted basis after conversion of all preferred stock currently outstanding into common stock.

KH is currently the largest shareholder of Empire, owning approximately 28.91 million shares or 84% of common stock.

The company owns and operates Resorts World Catskills (RWC), a casino resort situated on a 1,700-acre site in Sullivan County, New York in America. Empire also owns and operates Monticello Casino and Raceway.

On the rationale for this move, GENM said that this would better position the Resorts World brand in the northeastern US gaming market through more effective cross marketing with Resorts World Casino New York City.

RHB Research is neutral on the proposals and believed that the total acquisition price of US$180mil (RM754mil) for GenM to own 49% of ER via the proposed JV was insignificant, at c.3.5% and 4.3% of GenM’s market cap and net assets.

“While the acquisitions are not value accretive (at 1.9x P/BVvs GENM’s current P/BVof 1.2x) and may negatively affect our earnings forecasts, the acquisition price appears to be fair compared to the potential GGR of over USS$200mil and US$1bil cost to construct RWC,” it said.

The research house added that undertaking a similar greenfield expansion of such a scale (along with a licence) would likely cost more, based on its estimates.

RHB has reiterated its “buy” call on GenM with an unchanged SOP-derived target price of RM4.40, 22% upside plus 4.4% FY19F yield.


Read more at https://www.thestar.com.my/business/2019/08/07/quick-take-genting-malaysia-tumbles-10-on-shareholders-fret-over-empire-acquisition#lmfdr7DX2qsoX7hh.99

If a related party transaction is (i) a material transaction or (ii) not in the ordinary course of business, or not at arm’s length price and exceeds certain thresholds prescribed under the Companies Act, 2013, it shall require shareholders’ approval by a special resolution. In such a case, any member of the Company who is a related party shall not vote on resolution passed for approving such related party transaction.

D. Reporting of related party transactions

Every contract or arrangement, which is required to be approved by the Board/shareholders under this Policy, shall be referred to in the Board’s report to the shareholders along with the justification for entering into such contract or arrangem

Wall St climbs more than 1% after China moves on yuan - Reuters News
07-Aug-2019 04:24:39 AM
• Tech stocks biggest boost to S&P 500
• Take-Two jumps after FY revenue forecast raise
• Indexes up: Dow 1.2%, S&P 500 1.3%, Nasdaq 1.4%
NEW YORK, Aug 6 (Reuters) - U.S. stocks jumped more than 1 percent on Tuesday, bouncing back from a sharp sell-off the previous day as China stepped in to stabilize the yuan, easing concerns that currencies would be the next weapon in the U.S.-China trade war.
China's overnight intervention came after the U.S. Treasury Department labeled Beijing a currency manipulator as it let the yuan slide to a more than decade low on Monday.
The gains came a day after U.S. stocks' biggest percentage drop of the year and a sharp fall in the Chinese currency.
China's move to fix the yuan at a slightly stronger rate and White House economic adviser Larry Kudlow's comment that President Donald Trump was planning to host a Chinese delegation for talks in September allayed fears of a further escalation in the trade war.
The S&P technology index, which includes companies that have a big exposure to China and were at the heart of Monday's sell-off, provided the biggest boost to the S&P index, rising 1.61%.
The Dow Jones Industrial Average rose 311.78 points, or 1.21%, to 26,029.52, the S&P 500 gained 37.03 points, or 1.30%, to 2,881.77 and the Nasdaq Composite added 107.23 points, or 1.39%, to 7,833.27.
The S&P 500 and Nasdaq each snapped a six-day losing streak. Stocks had been reeling from last week's shock when Trump vowed to slap a 10% tariff on a further $300 billion in imports from China.
After the bell, shares of Walt Disney fell 2.6% following the release of its quarterly results.
During the regular session, Apple Inc gained 1.9% after recent heavy losses, while the Philadelphia Semiconductor index edged 1.28% higher.
Among other stocks, Take-Two Interactive Software Inc jumped 8.0% after the videogame publisher raised its full-year revenue forecast.

Haha

In the dream ,we may get 2.9

Future up 150 but we won't know until the end,depend on the DT comments

Not buying ,this morning bought was for lobster dinner...I still keep my old stock ,average price 3.00....if above rm4 will sell

Now green 3.63

Sold at 3.59 ,10 lots ,earned rm630 ,enough for lobster lunch or dinner for 2

Bought 3.52

Bull bursa
Alan can and give opinion but please trade at your own risk,even Warren Buffet cannot give you 100% opinion to make money

Free fall and break 3.67