I hope so….license should make a difference but it still does not address the fundamental issue of party related transactions …even though the options for this are reducing. The irony is business itself can flourish and break new revenue records, ultimately the share price is factor of supply and demand and if some fool who owns 40% May decide to dump shares the share price will suffer or bail out his private company.
The other fact about US for those who have n it travelled to US, it is not what it use to be in 1960’s and through to 1980’s ……lot of places in the US are in permanent decline …..falling wages you have just drive out to the suburbs and see the depravation. What worked in the 1970’s will not make it now ….lot of foreign businesses with lot more capable management teams have failed in the US big time. May be Malaysia tycoon of 1970s style may be different and more capable. The local reports on Empire resorts are not too good the local analysts are saying the management are not aligned with the shareholders …..and there is no cost control.
Both YTL & YTLPowr, which I fortunately still own shares in, have massively larger mkt cap than Genting...huge LimCo(kTAHI mismanagement/plundering discount!🤣
@ Michael_chan2022: Hong Kong and China share markets crash to the record low in history. China GDP below expectation. I am afraid it is going to be a long term bear market with low volume.
@@ChloeTai, I never worry about China and Hong Kong. China is the only country in the world that 'doesn't print money' during the covid pandemic.. In the West, they refer to it as Quantitative Easing..QE. it didn't rely heavily on the QE
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....
ImCK
3,251 posts
Posted by ImCK > 2024-01-15 19:37 | Report Abuse
thi project will generate genting every quater 270m profit total project value is 16billion 1 year earn 1.1billion