Posted by stampid54 > 2024-01-10 20:00 | Report Abuse

It was climbing up from RM4.01 alrdy and for this small correction, doesn't matter at all

Posted by MG9231 > 2024-01-10 20:17 | Report Abuse

Different scenario compared with early 2023, back then worried about 6 states election n instability of Unity Government.
now free visit visa from China, India n others, New M2home policy, new Agong installation...etc

Posted by enigmatic [bamboo investing style] > 2024-01-10 20:19 | Report Abuse

@Fabien _the efficient capital allocator,

Thanks for your valuable input. Very rare to see insightful comments in i3investor nowadays.

Posted by newbie2019 > 2024-01-10 20:22 | Report Abuse

2 more days to stay above 4.95-5.00
60% will get this my guess

Posted by Michael_chan2022 > 2024-01-10 20:36 | Report Abuse

https://www.klsescreener.com/v2/news/view/1260763/%E4%BA%91%E9%A1%B6%E5%A4%A7%E9%A9%AC%E5%86%8D%E6%B3%A8%E8%B5%844-65%E4%BA%BF-%E5%A2%9E%E5%BC%BA%E5%B8%9D%E5%9B%BD%E5%BA%A6%E5%81%87%E6%9D%91%E8%90%A5%E8%BF%90

云顶大马再注资4.65亿 增强帝国度假村营运

No wonder 🤔

Posted by newbie2019 > 2024-01-10 20:40 | Report Abuse

when this news expects GenM to drop… will it goes the other way up?

Posted by Havefun > 2024-01-10 21:19 | Report Abuse

Empire Resort again! 😢

Posted by choysun > 2024-01-10 21:20 | Report Abuse

Time to aim for some GenM :)

Posted by Michael_chan2022 > 2024-01-10 22:19 | Report Abuse

https://www.thestar.com.my/business/business-news/2024/01/10/genting-malaysia-plans-us100mil-equity-injection-into-empire-resorts

Genting Malaysia plans US$100mil equity injection into Empire Resorts

Posted by DestinyL > 2024-01-10 22:27 | Report Abuse

Avoid GenM but likely GenB will also be hit at lesser degree. Dividend from GenM might also be impacted moving forward

Posted by ImCK > 2024-01-11 01:35 | Report Abuse

CASH AND CASH EQUIVALENTS AT END OF FINANCIAL PERIOD 3,687,832
100m USD = 600M ringgit lol like that also impact to dividen ? after loan full settle save a lot financial cost become profit

Posted by ChloeTai > 2024-01-11 06:29 | Report Abuse

Thank you very much SAVE, STAMPID54 & MG9231 for your positive comments.

Posted by ChloeTai > 2024-01-11 06:30 | Report Abuse

@Riaz1954: I have the same opinion as you. It is better to shut off the computer screen and open it back on 25 February 2024.

Posted by choysun > 2024-01-11 08:48 | Report Abuse

Time for some action :)

Posted by neohts > 2024-01-11 09:16 | Report Abuse

Very interesting discovery by the Maybank IB team.

16,908 ha freehold land worth more than its mkt cap
GENP is one of the largest freehold land owner in Peninsular Malaysia (PM)
with 16,908 ha, with 61% located in Johor, 18% in Malacca & Negeri
Sembilan, 18% in Kedah & Perak, and 3% in Selangor (ie. Sepang). GENP
continues to carry these valuable assets at their book values. As these
lands were amassed progressively since 1981, and strategically located on
highly populated areas of the west coast of PM, we estimate these freehold
land to be worth MYR7.25b or 1.5x GENP’s current market cap.

Its 10,397 ha Johor land is worth MYR5,656m
GENP has remaining 10,397 ha of freehold land in Johor, of which 2,555 ha
(or 6,311 acres) are located in the Iskandar region, making GENP one of
the largest landowner in Iskandar. GENP has two active township projects
in Johor - at Kulai and Batu Pahat. Since the 1990s, GENP has been
monetising some of its prime estate land via property developments.
Its freehold landbank offers good inflationary hedge
GENP has focused on aggressively growing its oil palm planted area from
48,710 ha in 2003 to 138,301 ha in 2022, translating to a CAGR of 5.4%. As
land values in Malaysia appreciate, most of GENP’s oil palm expansion over
the last two decades shifted to Indonesia. Naturally, the oil palm division
is the larger profit contributor, accounting for 67%-95% of its yearly group
core PBIT over the past 10 years, with the balance contributed by the
property division. In the past, the property division has helped to weather
the earnings of the group during periods of low oil palm profits.

Posted by DestinyL > 2024-01-11 10:02 | Report Abuse

Both worst index performer :(

Posted by TheProInvestor > 2024-01-11 10:14 | Report Abuse

rubbish

Posted by Havefun > 2024-01-11 10:18 | Report Abuse

The history repeat itself. It was the same injection of Empire Resort that spoil the party previously. Unless if this baby turnaround start making profit and self sustaining otherwise expect the same to happen again 🥲

Posted by choysun > 2024-01-11 10:27 | Report Abuse

Enjoy and capitalise when you can la. Why complain :p

Posted by troy88 > 2024-01-11 10:39 | Report Abuse

PMX still can't get KLCI to go into bull market. Is 1500 about the best he can do?

Posted by curiousq > 2024-01-11 10:42 | Report Abuse

is OK lah ... sold some in last few days, just buy back if drops more 😋

Posted by DestinyL > 2024-01-11 10:56 | Report Abuse

Market where got straight line up one

Posted by Dragonboy > 2024-01-11 10:59 | Report Abuse

Just a small correction and i'm sure there will be good news coming very soon. The price will be above 5 and keep on moving upward. FF will thanks those who sell bcoz they need more cheap ticket. Cheers ; P

Posted by neohts > 2024-01-11 11:17 | Report Abuse

Healthy correction before moving up to RM5 again.
Q4 result end of February 2024. TP RM5.50

Posted by keyman > 2024-01-11 11:17 | Report Abuse

No comment today. Tired already. Like dancing bon cha cha.. forward one step, backward two steps...

Posted by Riaz1954 > 2024-01-11 11:41 | Report Abuse

Ha ha I had said this biggest risk is from funding other business….owned by major shareholder. This is a GOVERNANCE ISSUE…….IN A PROPER RUN COMPANY THIS WOULD NOT HAPPEN. INDEPENDENT MEMBERS OF THE BOARD ARE NOT INDEPENDENT OR STRONG ENOUGH …

Posted by RISK8888 > 2024-01-11 11:49 | Report Abuse

habis lor, profit all use to cover management backside.

Posted by Riaz1954 > 2024-01-11 11:51 | Report Abuse

I am pretty sure that there is no cost control Empire Resorts…they pay themselves exorbitant salaries and ask other independent company to pick up cost …quite shameful actually.

Posted by Riaz1954 > 2024-01-11 11:56 | Report Abuse

Run by crooks….can’t put it any other way. In companies that have good governance investment is only made if it is going to be beneficial to shareholders ….in this company the ceo and directors are not independent…that why we have the highest paid CEO….in an underperforming company that has delivered negativd shareholder returns over a considerable period …not withstanding CV19

Posted by Gnanasong > 2024-01-11 12:07 | Report Abuse

Attackers from Kenanga 🤔

https://klse.i3investor.com/web/pricetarget/research/70059

Posted by stevenchua5 > 2024-01-11 12:12 | Report Abuse

no future .sell all

Posted by Havefun > 2024-01-11 12:15 | Report Abuse

4.75 is the previous resistance before the breakout and turned support now. Hopefully this hold.

Posted by rickygiam > 2024-01-11 12:28 | Report Abuse

RUUNNNN....

Posted by Riaz1954 > 2024-01-11 12:29 | Report Abuse

Insiders pushed the price to above 5 and than dumped it knowing this announcement will be made …..there is lot,of insider dealing in this counter as there is lack of governance. This is not the first time! We had with Taurx …price shot up and there was massive selling of share in relation to cruise business not owned by Genting)

Posted by choysun > 2024-01-11 12:56 | Report Abuse

@Riaz Can join and play the game. It will get to our TP. :)

Posted by ks5S > 2024-01-11 13:09 | Report Abuse

can slow slow buy and keep.

Posted by Riaz1954 > 2024-01-11 13:23 | Report Abuse

On the positive side ….think of the psychological side of this action particularly the timing….. price was rallying in anticipation of the results so best time to correct the price is now. Insiders will buy the shares the results are likely to be very good and price will rally again …..this time perhaps after 25 Feb! What the foreign investors make of this game who knows some of the institutions are very touchy on governance matters and this action may be costly. We also have Taurx in all this which big boss can use to activate price rise! The game goes on. Just sharing my thoughts!

Posted by Riaz1954 > 2024-01-11 13:26 | Report Abuse

On all this nice to have solid counters like Gamuda and Yinson to name a couple …with good governance ethics on the polar opposite we had Serba who pretty much had discounted share placements when the CEO wanted funding for his expensive holidays 😂😂

Posted by Riaz1954 > 2024-01-11 13:41 | Report Abuse

In the context of things this equity investment by GenM sends the wrong optics and the financial cost of it is not too significant ….as some will be used to pay bank loan and GenM will see some benefit of this. The key driver still worth watching how Empire Resort is performing …..Can anyone in this forum shed some light ? Is it improving and likely to be profitable in 2023?

Posted by Riaz1954 > 2024-01-11 13:42 | Report Abuse

No other bank analyst has commented on this as yet?

Posted by asiagamingmyr > 2024-01-11 14:06 | Report Abuse

Great post!
Visit for more: https://www.asiagamingmyr.com/baccarat

Posted by ks5S > 2024-01-11 14:09 | Report Abuse

YEAR OF THE DRAGON COMING
Genting will turn into dragon soon. Flying .

Posted by lamkin > 2024-01-11 14:53 | Report Abuse

From paper-profit turn lost now, well done LKT

Posted by Riaz1954 > 2024-01-11 15:28 | Report Abuse

Run by crooks

Posted by prudentinvestor > 2024-01-11 15:35 | Report Abuse

Up very fast, down also equally fast. Those who bought at around RM5 a piece are now trapped.

Posted by rickygiam > 2024-01-11 15:35 | Report Abuse

Back to rm4.4x....haiz

Posted by keyman > 2024-01-11 16:02 | Report Abuse

If can reach kenanga tp. 2.90, I really will 训身家. Those IB just telling non sense. 🤮🤮

Posted by prudentinvestor > 2024-01-11 16:18 | Report Abuse

I think it is a mistake. The tp should have been RM4.90 and not RM2.90. If it was RM2.90, the recommendation should be "SELL" not "HOLD".

Posted by Riaz1954 > 2024-01-11 16:22 | Report Abuse

Keyman….the Kenanga are referring to Genting Malaysia price discount 0f 5% from 3.07 to 2.90 and not Genting ….! It is a mistake ….GenM is the investor and not Genting

Posted by rickygiam > 2024-01-11 16:24 | Report Abuse

Tmrw 4.4x, must top some. Wait for quarter results... US100 million is small sum compare the profits GenB making...