It is good to to be optimistic but not at the cost of being unreasonable. I am supporter of Genting but feel the management are simply not with it ……the downturn began from 2010 …and since has been hit by external events like CV. But the downturn began much earlier. Why? Simple, the company is nit run like a proper shareholder company as the owner still holds large chuck over 40%! Therefore company is own by account, rewards himself with highest CEO payouts despite huge under performance ….his pay is more than some of the big international business ..eg take for example Rolls Royce U.K. aero engine manufacturer …a very technical company….yet the brilliant ceo earns less than half of Gentin ceo! Also buying companies such as Empire with suspect valuation….these are serious Governace issues nobody is willing to tackle! Let’s hope we remain lucky woth TauRx as I can’t see these guys marketing the company.
Given the underperformance of share price ..you would think a change in management is warranted! Shareholders simply are sheep…sLeepy…foreign holding is minuscule and they are not active shareholders if they were they would address the governance issues.
RISK 8888 there is a reason….it is private brokerage company! 44 % plus holdings and friends who don’t question anything …is a major governance issue…..share price is not driven by performance of the company but demand / supply of shares in the market …these can be controlled of you hav every big shareholding. Companies generally with small ownership holdings do much better ….than ones with large holdings and same management! No new blood or thinking ..personal,bank account.
Michael Chan …..44% is owned by ParkView Mgt which I believe is boss holding, actual 24 other main insituional investors account for only 13 % …of which Vangaurd holds 2.5% and Blackrock 1.8% otjers make up,the balance! Remaining 43 % are small investors including private companies ……..the problem to me is the 44% holding ….. this holding info is published.
Pang72…Genting has been in downtrend since 2010 ….it all depends on how you view the trend line and over what period! At its peak the price was 11+ and has come down before CV struck and ofcourse CV hit hard we know that….but the poor management performance precedes that….let’s hope we can turn the trend and benefit from business growth in the newer markets and the casino bet on Taurx! Let’s hope that sooner rather than later …!
Genting finally breaks up RM4.70, patience has paid off.
Singapore dollars surged to a high of RM3.5897 yesterday before settling at RM3.5016 making a new record high against the ringgit.
If this momentum continues to the end of this month, we can expect a record profit contribution from Genting Singapore for this Dec quarter which is seasonally a strong quarter
Its shareholdings in GenS alone already worth more than Rm5. Other biz entities have not counted yet. Still considered cheap. Super cheap. Keep going pls. 😉
Of course, the key driver for Genting today is the interest rate pause by US Fed yesterday and the projected 3 interest rate cuts for 2024 as signaled by Powell.
Nothing much to shout about my record. I did suffer paper losses with Genting earlier this year and cut loss on AEON. What I do is just to hold longer than others.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Michael_chan2022
3,349 posts
Posted by Michael_chan2022 > 2023-12-13 07:37 | Report Abuse
Huat ar!