“Only selected planters with the right estate location may benefit from this solar potential should they choose to capitalise on this opportunity,” Maybank said.
Actual strong support is 4.65-4.68 where Genting make a gap up after Genting Singapore released favorable results. this price range is currently supported by MAV20 and MAV50 if not mistaken. 4.75 is currently mav100, already support ed twice recently ( Posted by BryanW > 54 minutes ago | Report Abuse RM 4.75 is a good support place, long term ftw.)
Selling pressure seems ease below 4.80, which is a good sign. After foreign fund become nett seller more than 1 week in Bursa last week to restructure thier portfolio , yesterday is 1st day Foreign fund become nett buyer, let's monitor if the momentum continue.
Genting is poorly managed by old family connected farts! Plain to see why Empire Resorts were passed on to Genting from LKT’s private portfolio. This is a disgrace and fraudulent to be honest.
How the hell did the Board approve this ER RPT? All board kakis "Yes men" agree along with LKT so they can continue to milk director fees? Was there an EGM shareholders vote on this RPT (with Lim family abstained from this EGM vote)?
its not corruption.... thats for small timers, this here its called Being on the Payroll.... everyone is on LKT's payroll except for members of Genting i3investor forum :-) heeeee peace
Small modular reactors present a compelling alternative to fossil based hydrogen energy due to its potential for clean, reliable and efficient power generation... Meanwhile, the investment can be expensive
SG has been exploring the potential of nuclear energy, including small modular reactors as part of its strategy to diversify its energy sources and reduce carbon emissions. However, no significant public investments or deployment projects have been officially announced
What happened? I took a break from cursing then some cheerleaders took over. Now people came out from the woodwork parroting what I said for the past week?
Aiya, you all save your breath wait till AGM, just fak the management face to face lah, you all shy is it or no balls to say what you wrote here? Nobody will laugh at you lah, you are shareholders as well, some invested hundreds of thousands and some even millions. You are the boss, that's why even LKT need to meet and explain the company performance.
That SOB cjb is 1 big So Hi, injecting more cash to sinking Empire resort merely just want to save face. Typical Chinese family behaviour, don't want to lose face in front of white people. Don't want white people to say china man, poor, stingy and no money.
Last time I heard a Chinese company spent the 100k USD just to entertain some nobody white counterparts or potential business partner, the company went bankrupt after that
Hiding it doesn't do any good or change it. Only exposing it and face the truth will have chance to change this reality. Look at what needed to to change the Japanese? 2 nukes, that's all it takes, it is better that we give ourselves the lesson with whatever it takes, in this case, just educating our next gen the truth, and educate them not to repeat such evils deeds, rather than the lesson comes from outsiders.
@Raymandro ….not doing your professional fiduciary duties when you are somebodies payroll in my tantamount to corruption. Corruption takes many forms…..this behaviour is one of them. Non exec board members have fiduciary responsibilities and suppose to be independent and to protect shareholders interests.
I understand you are frustrated with the 'criminal' activities some people are involved ...but it's important not to blame an entire group for the actions of a few
Tomolo closing if break 4.73 , 20 MA cannot sustain , SELL all n get lost , wait another round 4.45 again reneter , 4.73 important , Ikan bilis play , price cannot move above RM 5 , hLG , CGS-CIMB , TA , Philip capital , Maybank all upgrade Genting TP price , fuxxx off , this IB report all have a lot their own trust fund n mutual fund ,share no move at all
Ikan bilis power only can push to 4.94 only Let play between 4.45 to 4.94 , 50 sen in n out until further notice Local fund no interested the report , fuxxxx Du Maybank ,HLG , CGS -CIMB got a lot mutual fund ,why no ask them go in accumulate for long term ? If no go in , no need write report , for who see , for Ikan bilis see ? Ikan bilis cannot push up Only local fund have power to push above RM 5 Situpid + useless + rubbish IB report
There is no denying Genting is undervalued in region of 38% using price earnings ratio as valuation metrics. The peer average is 26 compared to 12.8 Genting PER. The reason for this valuation deficit is lack of trust of owner and independence of the management team from the owner. No attempt to address this issue most companies will be proactive in communicating and having analysts meetings and also share buy back etc. here the guys are asleep very old style 20 century living in digital AI world!
I think many of us already pointed the out the problem with the management, excessive salaries, operating costs, insisting on holding on to lost making entitiesz unnecessary borrowing. In AGM the management need to address all this issues, see what is their respond, then those who attend will be first to hear and write about it. You will know if the share price will rise or continue to fall after AGM. So it is important to confront them on all the questions that you have.
@Riaz54 .... i do understand of the fiduciary duties of the independent directors, but what do you expect them to do? they are hired by the co called executive directors, who are owners of the company..... the company is cash rich and making profits how can they question the salary and on what grounds? lets say they quesion.... well then next agm they are voted out.... next new director comes in. As for the decision of empire city.... well i guess they could have stopped it but the matter was voted.... i think its too easy to blame others for the low share price, and not blame the market for perceiving the low perception..... dont u think? genting just announced close to RM1billion profit in a qtr !!!! isnt that good enough? :-)
Still doesn't justify the excessive salary. It is just stealing really. Imagine 1 day, "if" Genting somehow can not repay the debts. Do you think the boss will put in his savings to help pay off the debts? It will be like "Ever Grande", that boss has a plan to escape, but the Chinese government is too quick and smart to stop him from ever leaving the mess behind. Home buyers ends up holding the bags, just another example of G bye Chinese cheating hard working Chinese.
@raymondroy…record profits means nothing if it does not translate into share price rise. The fact remains more people sell the shares than buy. The reason is simple, shareholder returns have been falling since 2011, where as the owner has other means to take returns / benefits from the company which is well published. The owner owns 40 % of shares in the company and this is problematic as there is no incentive to do anything as he gets his Deserts! Putting it simply.
What happen to my Genting Hong Kong? Anyone has ? The cruise ships already taken over by LKT? Genting HK still no news. Bankrupt ???????? What should I do ?? Will Genting Bhd ended like this too ???? Poor Management !!!!!!
His annual remuneration stood at RM284. 61 Mn (US$68.6 million) and came from his two positions as Head of Genting Bhd and Head of Genting Malaysia Bhd. While he is probably the richest CEO in Malaysia, he is the world's 436th richest man and Malaysia's seventh richest man, with a total wealth of US$4.4 Bn -LKT
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....
Michaelchan2024
1,174 posts
Posted by Michaelchan2024 > 2024-06-04 18:24 | Report Abuse
https://theedgemalaysia.com/node/714041
Solar power could generate 54X more profits than palm oil — Maybank
“Only selected planters with the right estate location may benefit from this solar potential should they choose to capitalise on this opportunity,” Maybank said.
Please ignore this, don't be misled