Can an 2 years ago insolvent company effect this year financial results? I don't think so.
Mostly no case.

Now October 2024.
2022 account already close and losses already accounted for and write off.
So it won't impact this year financial statement.

https://theedgemalaysia.com/node/730081

GenM US unit says RAV Bahamas’ complaint baseless in US$600 mil lawsuit

“Genting Americas is of the view that the complaint is baseless and totally without merit and will vigorously defend against the complaint,” GenM said.
BB Entertainment’s auditor Ernst & Young (EY) has also expressed its material uncertainty related to the group's ability to continue as a going concern, as the group incurred a net loss of US$151.28 million during the year ended Dec 31, 2022.

GAI (Genting Americas Inc.) is of the view that the Complaint is baseless and totally without merit and will vigorously defend against the Complaint

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3491364

GAI (Genting Americas Inc.) is of the view that the Complaint is baseless and totally without merit and will vigorously defend against the Complaint

GenB cannot die. Still got heartbeat and breathing. Not in ICU.
Can discharge from hospital soon and celebrate Christmas and Chinese New Year.
Don't worry.

23 Nov 2024 - Q3 2024 financial result ?

I do not see any news related to GenB in Bursa today. Meaning No news is good news.

All the passed year losses or write off should be accounted for in quarterly report.
If not auditors won't sign and approved the financial report.

Why there are no official announcement from Genting management to explain situation.
I can't find any latest GENB news in Bursa and local new paper.

Current price half of NTA ( net tangible Assets). I don't think can go below RM4.
So far RM4.10 is the good support.level.
Waiting for Q3 2024 results. Total 3 quarters should be better than last year.
Tomorrow received dividend. My advice to collect when price between 4.1 to 4.2.
Future plan listing of US casinos may take another 2 years.

No matter how, by end of December 2024, Genting Berhad management still need to update all shareholder the approval status of TauRX. Let just wait.
Once approved, I am sure the share price will recover. Cross our fingers.

Tomorrow dividend day.

Singapore dollar and US dollar up against RM. It's good for Genting Berhad.

the few cents range is too small and too risky for Shorties to make profit.
It's more like transfer of share between syndicates. Share change hands.
4.10 is still a good support.
I don't think anyone can get below 4.

Give me the name of your shining stocks?

Genting Berhad is better than a lot of Technology stocks. Technology stocks down more than GenB.

Need to break 4.30 this week.

US dollars and Singapore dollar U turn. Good for Genting Berhad.

Christmas another 3 months.
Chinese new year another 5 months.

Sharing is good.
A few cents up and down very hard to sell and buy back.
Very hard to play. Just hold but don't know for how long.

Need to break 4.20 first before can going up higher.
We need a stronger team.

Stay healthy. As long as you are healthy, you still have time to recover and make a lot of money. Learn from mistake. Never too late.
We still have TauRX.
Waiting for Christmas gifts or Chinese new year Ang Pow.

Most of the stocks is down. So that is nothing to do with GenB.

I am still hoping for my Christmas gift and Chinese New Year Ang Pow from Genting TauRX.
Cross my fingers.

It's either Christmas gifts or Chinese New Year big Ang Pow. TP RM7 to 8.

I am a regular Genting customer. Always got free stay.
Christmas Gifts, either TauFu or TauRX.

Genting Berhad will give all shareholder a special Christmas gift.

I always received phone message from Genting group giving me free stay in Genting Hotel.

We can't stop the WAR, we can't prevent market crash. Not within our control. But we can looking forward to year end TauRX approver. Accumulate more and stop selling.

Count down to December 2024 TauRX approver date.

I will be very happy if every week could go up by more than 10 cents.

Currently price below market value.
Half of NTA (net tangible Assets value)
Estimated Fair value without TauRX TP 5.20
Estimated Fair value with TauRX between TP 7.00 - 8.00
Good Luck.

Quite confident GenB share price will move up very high before year end after TauRX approved. Buy now before too late.

Banking stocks mostly down, rotation play. Money move over to Genting Berhad ?

Maybe got some good announcement this week ?
Good luck.

If you believe in TauRX, buy more. Don't tell me by December TauRX approved. GenB still cannot break RM5 ? From 4.12 to 5, almost 20% gain. Better than EPF.
As per Maybank analyst, TauRX approved could break RM8. Almost 100% gain. Good luck.

A lot of Technology stocks down more than GenB.
Quite disappointed with GenB. Half of NTA.

I hope the date and day closer to TauRX approver in December, Genting Berhad share slowly going up accordingly to around RM7.

TauRX cannot afford to fail. Must approve before Christmas. If not become Taufu.

3 months that so long. why time cannot go faster.
Taufu - TP 3.50
TauRX -- TP7.00
Place your bet. Big or Small. Do or die.
Good Luck.

https://www.thestar.com.my/business/business-news/2024/09/27/bullish-outlook-for-coming-quarter

Bullish outlook for coming quarter

4.10 to 4.13 best buy Price. Don't wait for too long. Next time you won't have to chance anymore.

The person collecting at current price by end of the year is going to be very happy and laughing all the way to the bank.

So obvious got investors collecting between 4.10 to 4.13 daily at huge volume.
They control the and won't let the price go up so they could accumulate more and more before end of the year TauRX approval.
Taufu - TP 3.50
TauRX -- TP7.00
Place your bet. Big or Small.
Good Luck.

Good support 4.10.
Got investors accumulate before Taufu become TauRX.

Who want to eat Taufu.....TP 3.50
Who want to bet on TauRX....TP 7.00

Place you bet....... BIG or SMALL. Betting will open in December 2024. Merry Christmas.
Good luck.

Support level 4.10.
With 1 or 2 cents margin very hard to play short selling.

Whether LKT is selling Taufu or TauRX, another 3 months we will know.
If Taufu.....TP 3.50
If TauRX....TP 7.00
Place you bet. Big or small.
Good luck.

With the support level at 4.10. I don't think short sellers can make a lot of money by doing short selling.
The may even force to buy back at higher price.

Anyone in this group involve in short selling ?