US market Friday up 288 points.
Hopefully Monday Malaysia Bursa will follow.

I hope next week could go back to RM4. Pray 🙏🙏🙏

https://www.nytimes.com/2024/10/31/technology/intel-earnings-loss.html

Not sure this news affect local technical stocks as most company support INTEL.

Let's go to Genting highland LGT temple praying for Genting Berhad good Q3 2024 results and year end TauRX don't become Taufu.

https://www.nytimes.com/2024/10/31/technology/intel-earnings-loss.html

INTEL loss US$16.6 billions in Q3 2024. Technology stocks is going to be affected.

Based on today closing, I got a feeling results not good. People sell before announcement.

I queue buy 3.51 blocking you. Wait long long.

Result should be out soon.
Good luck.

Negara Ku
Malaysia tak beloh

22 November 2024 - Q3 2024 result.
What is your prediction ? Profit or loss ?

At Current share price. Dividend 3.8% . higher than bank FD

Everyday still a lot of people selling down at 4.50 pm. Are they making profit or selling at a loss ? Why ?
No team work.

Another disappointed day.
If you see LKT in Genting highland, let him know he is the most useless CEO in Malaysia. Ask him to step down.

https://klse.i3investor.com/web/stock/overview/3182

Resorts World Sentosa seen outperforming Singapore rival Marina Bay Sands in 3Q24
Genting Singapore’s Resorts World Sentosa should outperform its local rival Marina Bay Sands (MBS) for the September 2024 quarter, according to Nomura analysts, citing the latter’s subdued Q3 results announcement last week.

MBS parent Las Vegas Sands revealed during its 3Q24 earnings call that revenues at the iconic property had declined 10% year-on-year to US$919 million, affected by ongoing renovations in Tower 3, and Adjusted EBITDA by 17% to US$406 million, impacted by low VIP hold.
“We reiterate our ‘Buy’ rating on Genting Singapore after MBS’s announcement, as we think investors are likely to look beyond to a 2H24 recovery and expected positive tailwinds from China stimulus,” they wrote. As such, rolling chip volume, mass table drop and slot handle are all expected to show year-on-year growth in FY24 “as we expect progressive improvement in overseas visitor arrivals from China.”

Also maintaining its “Buy” rating on Genting Singapore is Citigroup, noting that it expects RWS to be one of the major beneficiaries from the Singapore-China visa-free arrangement and a solid event line-up in Singapore.”

https://klse.i3investor.com/web/stock/overview/3182

KUALA LUMPUR (Oct 28): Genting Bhd (KL:GENTING) has awarded two contracts worth a collective RM1.36 billion to Indonesian and Chinese contractors to complete the onshore gas processing plant, connecting pipelines and supporting facilities for its floating liquefied natural gas (FLNG) facility that will be deployed in West Papua, Indonesia.

In a press release on Monday, Genting said its 95%-owned indirect subsidiary PT Layar Nusantara Gas (PTLNG) has entered into a definitive agreement with China National Machinery Import & Export Corporation (CMEC) and Shandong Kerui Energy Development Co Ltd (Kerui) for the design, engineering and procurement activities for the onshore gas processing plant, connecting pipelines and supporting facilities (midstream infrastructure). The award is worth US$182.87 million (about RM793.22 million).
PTLNG has also entered into a separate contract for the construction, installation and commissioning of the midstream infrastructure with a local Indonesian company, PT China Construction Yangtze River Indonesia, for a fixed lump sum contract price of IDR2.05 trillion (approximately RM566.79 million).

https://asgam.com/2024/10/28/resorts-world-sentosa-seen-outperforming-singapore-rival-marina-bay-sands-in-3q24/

https://theedgemalaysia.com/node/731909

GenB NTA RM8.94.
Now 3.99 half price.
There is no way the company go PN17.

I hope tomorrow could close above RM4.

no Hero but a lot of coward selling down.
Why willing selling at a loss ?

Who to blame. It's all LKT fault.
Useless CEO. Making too many mistakes. Never take care of shareholders. No update on projects and future plans.

I will sell all after TauRX announcement next year.

This year is not a good year for most of the company including tech stocks. Only banking stocks doing well.

Overall market down. Not just Genting Berhad.

the best thing to do now is don't do anything.
Just wait for Q3 2024 result and TauRX.

There is a saying, if family is peaceful, then everyone in the family will enjoy prosperity.
If everyone stop writing bad comments. Genting Berhad share will go up.

ATK....thanks for sharing.
We have submitted our drug pricing to NICE, and NICE has reverted back to us on their initial assessment. P&C so I shall not elaborate too much here. I do have HMTM's NICE decision date which is has a scheduled meeting that falls on 12/02/2025. So we can expect MHRA decision to be the same date based on lecanemab and donanemab's MHRA + NICE decisions both fall on the same day for both cases. Lets hope for CNY angpow.

https://www.nice.org.uk/guidance/indevelopment/gid-ta11379

Our PM 2 years didn't take his salary. LKT and son should also cut their pay by half since they didn't achieve their KPI.

If TauRx could approved by before Chinese New year, we still can forgive LKT.
If TauRx become Taufu. Then he is really hopeless and useless CEO.

His son worse, taking big salary but no action. Basically doing nothing.
LGT above RM10
LKT around RM4
LKT son PN17

LKT useless CEO.

https://focusmalaysia.my/genting-dream-cruise-to-boosts-melakas-tourism-industry-encore-melaka-sets-to-derive-benefit/

Please kill all the traders.

https://theedgemalaysia.com/node/730872

Foreign investors turned net buyers, with inflow of RM404m last week — MIDF

TauRX waiting for you.
Good day coming soon.
Christmas gift and big Chinese new year Ang Pow.
Buy now before too late.

No SIN tax, Monday should go up.

Normally after budget, GENB will go up if no SIN tax increase.

My projection only, do you own home work. TauRX or Taufu
If approve TP 6.50
If not approved 4.80

Syndicates is collecting at current price daily with big volume up and down a few cents.
Reason why ? because of TauRX.
When the train start moving, there is no cheap ticket.

TauRX under GenB not GenM.
So invest in GenB for better future.
Christmas gift and Chinese new year Ang Pow.

https://theedgemalaysia.com/node/730625

GenM says US$600m Bimini lawsuit won't impact its financial results, operations.

UALA LUMPUR (Oct 17): Genting Malaysia Bhd (KL:GENM) said the lawsuit filed by RAV Bahamas Ltd, seeking over US$600 million (RM2.57 billion) in damages related to Resorts World Bimini's operations, will not materially impact the group's financial results or operations.

“There are no expected losses, other than the cost of defence, on the basis that GAI [Genting Americas Inc] firmly believes that the complaint is entirely baseless and without merit,” GenM said on Thursday in a reply to queries by Bursa Malaysia regarding the circumstances behind the lawsuit.
The casino operator said the group is currently preparing a comprehensive legal response, which will be filed with the court in the coming weeks.
GenM described the claims as "malicious and baseless", and contended that RAV Bahamas and its principals are attempting to extract an unjustified payment and inflict reputational harm.
GenM also responded to Bursa’s queries on the issue by saying that GAI, which is incorporated in Delaware, is not classified as a major subsidiary under the Bursa Malaysia Main Market listing requirements.

GenM said the total cost of investment in GAI is consolidated within the group financial statements, and is “not publicly available on a standalone basis”, being merged under one account with its operations in the US and the Bahamas.

The combined operations in the US and the Bahamas contributed RM1.88 million to the group's total revenue in the financial year ended Dec 31, 2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3492340

5. The financial and operational impact of the Complaint on the GENM Group.

As the Complaint is entirely baseless and without merit, we do not expect there to be any material impact on the financial results or operations of the GENM Group from such claims.

6. The expected losses, if any, arising from the Complaint.

There are no expected losses, other than the cost of defence, on the basis that GAI firmly believes that the Complaint is entirely baseless and without merit.

7. The steps taken and proposed to be taken by GENM in respect of the Complaint.

GAI is preparing a comprehensive response to the Complaint, which will be filed with the Court in the coming weeks.



This announcement is dated 17 October 2024.

Yesterday closing big volume buy up to 4.05.
Today closing big volume selling down 3.99.
How to explain? Who is buying and why ? Who is selling and why ?

Still hoping for Santa Clause and Chinese new year Chai Sin.

Today if can close above 4 then beautiful.
Court case could take many years. No impact to current year result and projects.
If close below 3.96 then very bad.

LGT above RM10
LKT below RM4
LKT son PN17
Shame on LKT. Tak malu.

WTF......LKT

https://www.thestar.com.my/business/business-news/2024/10/15/genting-faces-rm26bil-fraud-lawsuit-in-the-us

In a filing with Bursa Malaysia, Genting Malaysia has labelled the lawsuit as “baseless and totally without merit”.

“(Genting Malaysia) will vigorously defend against the complaint.”

TA Research senior analyst Tan Kam Meng agrees that the accusations are baseless, on the basis that Genting Malaysia’s accounts are audited by PwC Malaysia.

“I will give the benefit of the doubt to Genting Malaysia at this juncture. If there is fraud, the auditors would not certify the accounts.

“Genting Malaysia also thinks that it has a strong case looking at its filing in Bursa Malaysia. Hence, I would not change my earnings projections at this moment,” he said.

Before TauRX approver, now GenB already become TauFu.
LKT please step down. Tak malu.
LGT looking at you also malu.

LKT hopeless CEO.
The worse and useless CEO in Malaysia.