@neohts, someone posted d MBS’ subdued Q3 results earlier and predicted RWS would oso show similar poor results as well. And now, tht post has been deleted after seeing yr news article. How opportunistic tht person cud be trying to spread fear hoping to buy in cheap. Hahaha… 😂
KUALA LUMPUR (Oct 28): Genting Bhd (KL:GENTING) has awarded two contracts worth a collective RM1.36 billion to Indonesian and Chinese contractors to complete the onshore gas processing plant, connecting pipelines and supporting facilities for its floating liquefied natural gas (FLNG) facility that will be deployed in West Papua, Indonesia.
In a press release on Monday, Genting said its 95%-owned indirect subsidiary PT Layar Nusantara Gas (PTLNG) has entered into a definitive agreement with China National Machinery Import & Export Corporation (CMEC) and Shandong Kerui Energy Development Co Ltd (Kerui) for the design, engineering and procurement activities for the onshore gas processing plant, connecting pipelines and supporting facilities (midstream infrastructure). The award is worth US$182.87 million (about RM793.22 million). PTLNG has also entered into a separate contract for the construction, installation and commissioning of the midstream infrastructure with a local Indonesian company, PT China Construction Yangtze River Indonesia, for a fixed lump sum contract price of IDR2.05 trillion (approximately RM566.79 million).
Resorts World Sentosa seen outperforming Singapore rival Marina Bay Sands in 3Q24 Genting Singapore’s Resorts World Sentosa should outperform its local rival Marina Bay Sands (MBS) for the September 2024 quarter, according to Nomura analysts, citing the latter’s subdued Q3 results announcement last week.
MBS parent Las Vegas Sands revealed during its 3Q24 earnings call that revenues at the iconic property had declined 10% year-on-year to US$919 million, affected by ongoing renovations in Tower 3, and Adjusted EBITDA by 17% to US$406 million, impacted by low VIP hold. “We reiterate our ‘Buy’ rating on Genting Singapore after MBS’s announcement, as we think investors are likely to look beyond to a 2H24 recovery and expected positive tailwinds from China stimulus,” they wrote. As such, rolling chip volume, mass table drop and slot handle are all expected to show year-on-year growth in FY24 “as we expect progressive improvement in overseas visitor arrivals from China.”
Also maintaining its “Buy” rating on Genting Singapore is Citigroup, noting that it expects RWS to be one of the major beneficiaries from the Singapore-China visa-free arrangement and a solid event line-up in Singapore.”
There should be potential listing in the Bursa Malaysia of the following Genting Subsidiaries Genting Energy Limited Genting Power Holdings Limited Genting Oil and Gas Limited
Genting is worst performing share counter in its peer group. Most have achieved 40-90% returns ….whilst this ugly duck has struggled despite revenue recovering and valuation metrics suggesting 50% undervalued. So why? Well we know it’s down to CEO, first as an inept leader completely lacking in foresight and unwilling to hand over reigns to professional independent manager. Secondly he is ethical and his focus is to make money from the company structure by dumping shares from time to time and to exercise party related transaction….passing over is owned assets to company at unreasonable value and also to pass on expenses etc….which I beleive is partly why the US associate is complaint about. All consistent with poor shareholder governance. Any way on the positive side at the current price shares are being snapped up….watch out of TauRX news we may see some bad needs further drop the price before the good news! With this counter all is a possibility.
Aiya price at 3.99 everyone here GG also la. Traders very mechanical abt trading if 3.95 break, chop without emotions no problem live to fight another day 😎
Useless old folk management that why i said empire fallen they also not interesting in creative offer fintech solution partner with paylater / bank offer installment combo package so make thier luxury hotel room more attractive and more demand
Trader already gave best presents here via prompt exit warnings at 5.20, 4.80+ , 4.50 zones FOC. Jealous detractors of course no fate to receive these precious free gifts la. Still can do non-stop attacks on trader. If 财神爷 bless trader with huat power, trader will kowtow + promise to do more good deeds. If you are 财神爷,will you bless @MC / Jeepon clown or trader?
MM ah, lets not spoil mood for all readers. Here post stock market + latest news + FA +TA etc. @Riaz is a senior member here already complaining abt us liow, other users also complaining. Lets be automatic ya.
Peace out ✌ -----------
Mushi ah for the sake of the readers here, lets be automatic ya.
All eyes on US election, if trump lose then civil war, if trump won, he will end the wars, drop interest 1%, but the stock market will still going to crash as new black swan in the making. Could it be his assassination? Could it be war with Iran? Could it be war with China? or Could it be the collapse of United States?
Frankly no one gives a Damn whether you buy or sell. It's your own money.
Even Serba, I never ever said, do not buy. For Serba, I just said satellite images showed empty land.
For Genting I just said HMTM is a mass chemical mass produced jn China. Plus...... prion proteins are only detectable more than 20 years after synaptic failure are detectable. A simple sea salt like mass chemical like HMTM does not address breach of Hayflick Limit and Stem Cell deactivation.
Repeat for zillion times. When share prices drop. Whales expect earnings loss and dividend loss. There might be temporary timing differences, the share characteristics are expected to converge in the future to a "normal rate" for earnings and dividends.
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....
choysun
4,398 posts
Posted by choysun > 2 weeks ago | Report Abuse
Short position up again. 8.98m now.