Posted by neohts > 2 hours ago | Report Abuse Just monitor TauRX progress. AngTayKor, please provide us once you received any update on TauRX. Very important. Do or die. -------------
@Neohts, no doubt Taurx is the only hope for this stock to cross above rm10. HMTM confirm can work very well safely but there is "active placebo issue" under double-blinded trial environment. Taurx's success depends on other factors like the corrupted FDA's approval, etc. We may be proven right eventually abt Taurx's true potential in future but an investor can still lose money buying this stock along the way (price dropping back to 4.50, 4.30, 4.00 etc during bad selldowns). Currently, there are many investors that dont believe in the real potential of Taurx and view Taurx as a very small catalyst only. The stock market is a weighing machine in short term with stock price moving up and down. The market is always right so dont try to fight against the market.
The U.S. Federal Reserve will likely cut interest rates by a cumulative 0.75 percentage points to 1 point in 2024, investment strategists said Wednesday.
If Genting can go up almost everyday, price will reach $20 in no time. Everyone will buy this share only. All the other plcs will have no buyers. Stock mkt doesn't behave & work this way. Some more got foreign & local factors AND
1) insider trading, 2) manipulation, 3) RPT 4) etc. What do you expect of Genting then ?
Genting boss behaviour, poor governance and poor marketing of the company are the main issues that has impacted Genting. Party related transactions, dumping of shares in open market and not really focussed on delivering shareholder returns are the main reason. Most companies with such under performance would fire the CEO…but they can’t as CEO owns 40% + shares of the company so nobody can fire him, the independent directors are toothless and part of the poor governance culture. There is open insider trading in these shares…the only opportunity I see in Genting share price is TauRX …even then shareholders will have to be fleet footed…I think as there will be dumping of shares prior to major positive news coming out of TauRX such as likelihood of imminent approval,from regulators…. Followed by big investment flows! This is my conclusion. Incidentally sale of parcel of land in Miami was announced and price went up only later to correct and since than we hear whomever the buyer was has pulled out! How convenient! Think about it there is a pattern.
Every time MayBank analysis said something good about TauRX, they will push the price upsell at high price, then game over. I think MayBank got something to do with syndicate. The progress of TauRX is too slow, I will give GenB another 1 year. If still no progress, may sell all.
Yes, fluctuations in stock prices are a natural part of the market cycle. Investors often experience highs and lows as stock prices rise and fall due to various factors such as - economic conditions (status: improving) - company performance (status: improving) - investor sentiment (status: many watching sidelines and kepo, kepo)
@neohts, I have been holding my first batch of taurx shares since 20 yrs ago. Price for this first batch is compounding at 16% annually for the past 20 yrs. Not bad at all. I can liquidate all my Taurx shares n lead a very comfortable life but i choose conviction n patience 🙏
TauRx has potential, but wait Long Time. Genting has potential, but boss *x@#. Options: 1) Invest, hold & wait Long Time or 2) Sell or don't buy - invest in other stks & buy Genting when good news start. No perfect answer.
#neohts, GB Group has a free cashflow/EBITDA of 10B or more going forward annually. Less minority interest ie 49% of GS and 49% of GM it may be 4B annually. thats RM1.00 per share. ie GB value should increase by 1.00 annually..RWLA is 100% owned by GB and it's growing. that is the growth for GB. The icing is TuaRx. Enjoy the ride.
GBs debt is all in RWLA. it's cash is mostly in GS and GM. Hang on and don't see the share price daily. even no TauRx, GB will be 6.00+ by end of 2025. isn't that a good return.
Go buy stks with faster & higher upside. Sell later, realize gains, return buy more GB. This way, make money short & long term. There are risks whichever way you take. At least, you may secure one or both wins.
Money comes and money goes... currently, 70% of STI component stocks are still below their pre-COVID share prices, with 50% of them hitting new lows in the past few months. Genting has outperformed many of the STI component stocks
Genting Malaysia pledges US$1b in taxes to win New York City casino licence.
April 8): The owner of the Resorts World casino in New York City said an expansion of its gambling offering there would lift its tax payment to the state to more than US$1 billion (RM4.75 billion) annually.
Genting Malaysia Bhd, which operates the resort in Queens, is seeking one of the three new casino licences officials are considering for the New York City area. The property paid more than US$600 million in taxes last year, according to a spokesman for the casino giant.
Genting Malaysia is pledging to continue paying the state about 67% of its slot machine revenue in taxes, an amount that includes administrative fees and other expenses. The share paid for table games like blackjack would be lower, but enough to get the overall annual tax contribution over the US$1 billion mark.
Genting Malaysia, which operates next to the Aqueduct race track, and MGM Resorts International, which runs the Empire City Casino in Yonkers, are considered strong contenders, because they already have facilities there. The new licences would allow them to expand their offerings, including blackjack, roulette and other table games. New York has some of the country’s highest casino taxes with an effective 55% rate on electronic devices, according to the American Gaming Association trade group. Casinos in Nevada — where Genting Malaysia has a Las Vegas resort — pay 6.8%.
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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....
neohts
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Posted by neohts > 2024-04-03 16:02 | Report Abuse
Bought 4.70. Good luck.