No way that now they hv invested so much in the resort, then let the price slide to say 2.5, then ikan bilis like me collect, and in the future reap good dividends..better ROI then the group itself. So the only sensible thing is to take it private, enjoy the return from its huge investment for themselve instead of sharing with ikan bilis who hope to buy at let say 2.5...then years later..where earnings visibility reached maximum, relist GenM for another round of killing

GenM is one counter that no local operators/shark dare to manipulate, trust me, coz if they do, they are against one of the most cash rich parent, Genting Bhd

Genting Bhd, mother, has so much excess cash reserves, that they now know where to put. Slowly buy back GenM shares to a point, where they can privatise and reap future dividends ALL to the mother, since the market is not able to value its full potential, then later..relist it fro another round of handsome profit

Past example, magnum, astro or is ti maxis ?, the coming QSR ( previously KFC)

Mother Genting Bhd, has been steadily buying it back from 4.9, and not stopping if you check the record. Friday sudden push up, before the huge drop today is to allow certain funds or individual to exit, so not to tangle up or cause inconvenient with the pending privatisation exercise.
I have seen the same pattern with previous magnum, KFC..etc.

So the million dollar question is what price are they going to take it private that you should worry, my guess would be RM4.1 to 4.2, they would give some premium to the fair value given by IB. RM4.5 if they want to appear very generous and reward shareholders

They have invested such huge sums in the resort now, and all the upcoming returns and dividends, they are not going to share with the public...so this tax hit thing is one opportunity for them to press down the price and do a cheap privatisation...haha what better time to do then NOW where the price is do depressed

Genting Bhd is going to privatise GenM...4.20 based on discounted FV

To save the country, the spirit of the law must be upheld, even though previous administration screwed up, you cannot simple use this to wriggle out of a bad deal, honouring a deal, though a bad deal, is a matter of establishing credibility

Flip flopping will destroy the country's credibility internationally.

Imagine you sign a contract with a company but later the company say contract terminated because it now has a new CEO, contract not valid as it was signed during the tenor of the previous CEO, unless there is elements of fraud proven, the spirit of contractual law must be upheld

I flip flopping is allowed, then very easy to get out of contract, just change CEO or govt, then no need to honour contract.

beware of upcoming sin tax hike, that will hit NFO and casino operators. real threat

Institutional investors are slowly disposing gaming stock, including Genting , after consultation with Budget think tank under the new Govt, in view of the upcoming Budget with high chance of increasing sin tax, i.e. gaming tax, where Genting and NFOs will be badly hit. My advise, is go in after the sin tax is announced where the counter will nose dive, for bottom fishing.

Extract from Kenanga Research today, note the lack of transparency on Supermax, this is what institutional investor dislike most, hence throwing the stock and opt for other glove counters :

"Mixed set of 2QCY18 results. Results of the glove makers under our coverage saw a mixed bag of results. In the just concluded 2QCY18 reporting season, Hartalega Holdings’ results were above our expectation due to higher-than-expected volume sales. Kossan Rubber’s results appear to be within expectations in anticipation of higher subsequent quarterly earnings following the commercial production of Plant 16 in July 2018. Supermax missed expectations due to higher-than-expected cost of which we are unable to ascertain as it was not explained in the quarterly results’ note"

According to the Edge, Vietnam plant was put on hold or temporary scrapped. So how can you factor that in with Viet cheap labour ?

What price and volume dun lie, they also know very well, and this has become a tool for them to manipulate to their advantage

if you think the big guys dunno TA concept, hahaha, they are the masters of TA, they will manipulate the price to fit any TA chart or classic pattern, to lure the ikan bilis for the kill.

Resistance is them, support also them ...just like God also them, ghost also them

Gusen enter 500lots at 3.19 and wait for 3.30 to sell...to make RM5000+...u really got balls bro..hope u get ur ptofit.

High risk...cos may not reach 3.30 but can further slide to RM3

OMG it is getting uglier..going down to RM3

The moral of the story is :-
Do not pissed off the funds managers or the govt that control the funds like EPF, otherwise supermax despite a good co. with fundamentals and good potential, will only remain UNDERvalued for a long time. That why it has the lowest PE amongst its peers

Unless you have long long holding power, to wait until one day some funds decide to promote it, but highly doubtful as the funds magmt is a small circle, and in the near term no funds will come close to this counter as Stanley and dotter have a reputation of pissing off funds managers, and they are well known for it now. What a waste ...PR and investor relationship wise..they screwed up big time

Pathetic dead cat bounce...5 cents bounce only..those trying to catch and curi ayam on dead cat bounce..got trapped

Heard the management Stanley and daughter cheesed off those funds manager..and the end result is their share prices GOT punished

This Stanley and team like to piss off relevant people...first the govt, then the fund managers...YES they have a solid business and good potential..but if the funds left you and no more coverage..your counter can only REMAIN AS a undervalued stock for a long long long time

Unless they hook up with local operators..the big sharks to goreng..otherwise whatever you hold will only look good on PAPER..low PE..blah blah blah..and remains undervalued for a long long long time

Many counters in bursa is like this..so become long long long term investment

Big fire damage at factory, insider trading court case, contact lens numbers not transparent, funds dumping...going down fast...run run run

Strong strong shoot for Spermax

Superbull 11 ...you hv wrongly predicted. Hope your loss in this round is not that huge. All the best

trap my ass

good news coming soon

What happened ??? Window dressing ??

Any updates

Dead cat bounce

spermax is shooting now

benefit adventa boss only, not adventa the co. and the other shareholder of adventa

not likely 100% mahal...way more than 1 bil budgeted...may be around 30% to 50%...to exercise significant control ...and absorb share of investee income

Top glove wants double digit growth, fastest way is acquisition...no need acquire 100% to consol equity income of acquiree...so still possible i guess if look at it from this angle

before topglove announcement supermax mkt cap is already 1.2bil, if topglove want to take over, then must pay some premium let say min 20%, then must pay 1.4 to 1.5 bil, over their budget by 50%...not likely loh

But who knows, may be some combo of cash & share swap

To skliew

I don't believe your source, at the same time, I don't even fully believe my own source ...on a scale of 1 to 10 (with 1 being utter bs and 10 being horses mouth)...i give it a 6.


This is just for sharing, who knows.....

Just for your info, haha

Yes....look at Notes 14 & 15 of the audited accounts

Placements, deposits, cash balances....You believe Grant Thornton or not ? its up to you

According to one source, the company is waiting for major deposits in Non Syariah compliant institution to mature, somewhere in 1st Q of 2018, exact date not revealed, then withdraw in place in some Islamic Bank to regain Syariah complaint status. The reason they waited out till maturity of the said deposit is :-

1. to avoid pre-mature withdrawal and loss of interest accrued from the said deposit

2. to create selling pressure and press down price in the interim..so some insider can collect, then when regain Syariah status can goreng

Believe or not...up to you.

Guys..dun get me wrong..Magni is a good stock...in fact i profited from it

I sell coz need some money to go for vacation and also look for other opportunities and i am not a long term investor..only a medium term player

if u hv staying power, worth holding

@alexfoo

6 to 12 month horizon

potential 8% return or higher

medium risk

Lock in profit, gone for now

Lesser money in pocket is always better than higher profit on paper - my philosophy

Nevermind it it goes up higher later..got decent profit and thats good for me. Bursa is always gonna be there

Now scanning for other good counters to reinvest, any good counters to recommend ? thanks

Sorry its HK developer

Strategy..controlling holder first buy from market at 1.78n 1.79...so they accumulate..then left some stubborn minority holders that still dun sell or accept..then offer higher for the remaiming lesser lots...save cost..just like UK developers offer to take over OLD buildings for rebuild..offer starts small..then final higher offer to remaining stubborn holder

Rumour higher offer coming...today some lots are done at 1.81

GenM is a foreign fund favourite..they stared accumulating around 4 to 4.50 level and pushing it up to 6+...now they are exiting ...clearing their position before the coming election...nothing to do with the fundamentals of GenM...expect more downside

Pushing up price..stock split with free warrants coming ??

Malaysian election is coming Q3, lots of funds will flow into the country, foreign funds, rich people will also bring back their money coz they believe smooth continuity and stable win by the incumbent...RM will strengthen to 3.5 and prolexus will decrease in earnings as they mainly export in USD. So better throw NOW

May be defective product...potential lawsuit coming from user who get STDs..or could it be intense competition from Japanese imports like Okamoto, Sagami brands which is now available at local pharmacy outlets like Watson..they even claim " it has a nothing is on" feeling...i.e got wear but feel like not wearing..super shiok for the users..check them out at your local pharma store..hehehe

But why down today when most counters up...insider throwing ??

Why MAGNI down...everything else is up....even the smaller scale Plexus is up

Agree with Dolly..

Fundamentally a good stock, undervalued as well but weighted down for the time being. if you have the holding power, can really consider.

Chairman statement in annual report most of the time optimistic ones...using words like "expected", projected, believed, confident........blah blah blah...and if things did not turn out as expected, always tons of excuses like ...due to unforeseen circumstances,,,or can blame on global economy lah..Trump policy lah...blah blahb lah

pressed down for accumlation

one of the most misleading myth is that everyone believes a market crash will be always be preceded by a euphoric climax..but in reality the game has changed nowadays.

A crash can happen anytime and it may not be always preceded by a euphoric buy climax . It can happens in mid-way to a climax or any point along the curve. And if you are waiting for a euphoric climax before exit, you may be caught mid-air with pants down.

The game has evolved and no longer follows past module or past preset pattern. Anytime, shit can happen.

This reminds me of the many binary trading ads....this video will be removed in no time...the millionaires best kept secret...the world rich people is trying to block this info...etc..etc..etc

EPF throwing recently...whatever left in their portfolio..must do year end window dressing...after that ...back to dead again

its not I aim or miss or like or dislike....how the Ringgit trend is so many factors beyond me such as Fundamentals of the country, supply, demand, BNM measures, US Trump policy, Feds rates hike, oil price, China inflow, outflow to US, coming election, fx speculators....etc etc etc

It gave some traders heart attack

Wow...4.17..is it a typo error or real case