GENTING MALAYSIA BERHAD

KLSE (MYR): GENM (4715)

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Last Price

2.12

Today's Change

-0.01 (0.47%)

Day's Change

2.12 - 2.14

Trading Volume

4,981,900


32 people like this.

43,594 comment(s). Last comment by tuosqxd9730 9 minutes ago

cheeseburger

2,870 posts

Posted by cheeseburger > 2022-01-11 19:26 | Report Abuse

If the timing is right, the new theme park shall be ready anytime to greet first customer by 1st day of CNY. Tiger is ready to roar..

Posted by NatsukoMishima > 2022-01-11 20:49 | Report Abuse

(新加坡11日讯)新加坡两大综合度假胜地(IR)赌场独家经营权延长至2030年12月31日,从3月起赌场必须为来自贵宾赌客的营收支付高达12%的赌场税,一般赌客营收则需支付高达22%的赌场税。

新加坡赌博税法案昨日在国会三读通过。法案的一部分涉及修订赌场管制法令相关条文,以阐明赌场独家经营权延长至2030年12月31日。

圣淘沙名胜世界和滨海湾金沙于2019年宣布将投入约90亿新元(约270亿令吉),发展赌场以外的设施,包括打造世界级的娱乐景点和会展设施。新加坡政府当时表示会延长名胜世界和滨海湾金沙赌场的独家经营权到2030年底。

受疫情影响,两座综合娱乐城扩建工程也延误,新项目预计会在原本宣布的2025年之后才竣工。

新加坡贸工部政务部长陈圣辉表示,由于建筑业受疫情影响,两家集团表示项目完工日期预计将延误。两家集团早前表示新项目原定2025年竣工。

“由于冠病疫情局势还在演变,而且综合娱乐城的扩建工程是复杂并需要多年完成的项目,具体的延误细节还不明确。

Posted by NatsukoMishima > 2022-01-12 08:56 | Report Abuse

Frankfurt: Asian tourism and casinos giant Genting’s shipbuilding subsidiaries in Germany filed for bankruptcy on Monday, which one union leader described as a “dark day” for the country’s dockyards.

cheeseburger

2,870 posts

Posted by cheeseburger > 2022-01-12 09:16 | Report Abuse

the shipyard bankrupt will not much affect genting. Limited liability.

wehcant

1,259 posts

Posted by wehcant > 2022-01-12 10:25 | Report Abuse

Here scouting for recovery play counters.

fongam

20 posts

Posted by fongam > 2022-01-12 13:27 | Report Abuse

Luckily, the shipyard is not related to Genting


In October 2016, Genting Hong Kong was entirely sold to the Lim Kok Thay's family-owned unit trust Golden Hope Limited as part of a family business restructuring exercise, separating it from Genting Group but retaining it under ownership of Lim Kok Thay's family

alvin5588

474 posts

Posted by alvin5588 > 2022-01-12 13:43 | Report Abuse

Going to up soon..

LALA

5,395 posts

Posted by LALA > 2022-01-12 14:39 | Report Abuse

I mesti work hard like our Founder LGT

Posted by NatsukoMishima > 2022-01-12 17:35 | Report Abuse

Last last LKT is the person need to settle this shipyard bankruptcy in order to maintain Genting good image right ??

cheeseburger

2,870 posts

Posted by cheeseburger > 2022-01-12 21:13 | Report Abuse

Limited liability means a private company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested.
So in business sense there are times you make profit and there are times you lose money. Regardless what is the outcome the liability is limited.
As long as the company will retrench accordingly to local labor law and follow bankruptcy regulation, there is nothing bad will affect to group image.

LALA

5,395 posts

Posted by LALA > 2022-01-13 05:34 | Report Abuse

Terus berusaha demi kejayaan Genting and me

Posted by Michael_chan2022 > 2022-01-13 07:29 | Report Abuse

3.20 coming..

onlyhuat

103 posts

Posted by onlyhuat > 2022-01-13 11:06 | Report Abuse

will revenue contribution from theme park

OnTime

2,188 posts

Posted by OnTime > 2022-01-13 16:21 | Report Abuse

this Jap like to keep beating a dead horse!

LALA

5,395 posts

Posted by LALA > 2022-01-13 17:16 | Report Abuse

Good Genting

limkokthye

6,039 posts

Posted by limkokthye > 2022-01-13 18:13 | Report Abuse

lkt cant sleep well, to much biz have to manage

Posted by MorningGlory123 > 2022-01-14 08:21 | Report Abuse

Shares of cruise operator Genting Hong Kong plunge more than 50% as it warns of defaults

https://www.cnbc.com/2022/01/13/cruise-operator-genting-hong-kong-shares-plunge-after-default-warning.html

++

Germany points finger at Genting group over shipyard collapse

https://www.theedgemarkets.com/article/germany-points-finger-genting-group-over-shipyard-collapse

++

Genting Hong Kong subsidiary teetering on insolvency amid protracted talks on German aid

https://www.theedgemarkets.com/article/genting-hong-kong-subsidiary-teetering-insolvency-amid-protracted-talks-german-aid-%E2%80%94-report

++

Covid in Hong Kong: Here’s a list of everything that will be shut down starting tomorrow

https://www.cnbc.com/2022/01/06/hong-kong-covid-what-will-be-shut-down-starting-jan-7.html


*During 2008 no any investors and global fund institutions can predict Lehman Brother(about 161 years operating) can file bankruptcy. Nowadays no any business or organisation can guarantee able to sustain growth during current virus pandemic and virus variant tsunami season.

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2022-01-14 08:55 | Report Abuse

Die cock standing !

Posted by NatsukoMishima > 2022-01-14 09:22 | Report Abuse

Air asia PN 17 !

Posted by NatsukoMishima > 2022-01-14 10:46 | Report Abuse

Will genm n genting PN 17 if any black swan hits global economic growth , China will never open boarder until other countries achieve zero tolerence in daily covid cases especially western countries !!

M2

1,240 posts

Posted by M2 > 2022-01-14 14:35 | Report Abuse

Even yr whole reported to heaven, Genting is still there. lol

cheeseburger

2,870 posts

Posted by cheeseburger > 2022-01-14 17:21 | Report Abuse

@NatsukoMishima Genting group will not PN17 because they have already diversified their business into other non-gambling industry long time ago, eg. plantation, power energy, holdings..etc and they are cash rich company sitting on tons of cash.
unlike Airasia where the AA food delivery, AA ride hailing, just started, is burning cash every day and their core business is still airline which most of the planes still grounded that is why trigger the PN17.

Understand the business you are investing in. :)

kaitan

175 posts

Posted by kaitan > 2022-01-14 20:59 | Report Abuse

PN17 cannot la. The question is, when got divvy again... divvy would be nice...

Tobby333

27 posts

Posted by Tobby333 > 2022-01-14 21:06 | Report Abuse

Need to wait until Skyworld is open before Genm moves up! Unfortunately the best time to open which is early December was not met! So many investors were left dissapointed! So now Genting is telling us that Skyworld will be opened before CNY! I have my doubts! In fact i gave up! Fortunately i bought Genting instead of Genm! So yeah, Genm will only move if Skyworld is open!

emsvsi

3,519 posts

Posted by emsvsi > 2022-01-14 21:24 | Report Abuse

WHO IS THIS NUTSAKAIMISHIMA

Goldgent

1,348 posts

Posted by Goldgent > 2022-01-15 08:00 | Report Abuse

Just compare expert statements with kopitiam uncle (NutsuckoMishima).

a) Genting Group companies not at risk from Genting H.K. woes: JP Morgan
https://agbrief.com/news/hong-kong/13/01/2022/genting-group-companies-not-at-risk-from-genting-h-k-woes-jp-morgan/
b) Genting Hong Kong’s shipbuilder insolvency has no direct impact on sister companies, says RAM Ratings
https://www.theedgemarkets.com/article/genting-hong-kongs-shipbuilder-insolvency-has-no-direct-impact-sister-companies-says-ram

Posted by Michael_chan2022 > 2022-01-15 08:32 | Report Abuse

外面風大雨大,要遮风挡雨,GenM还容的下..

Posted by Michael_chan2022 > 2022-01-15 09:04 | Report Abuse

3.20 風雨無阻..

LALA

5,395 posts

Posted by LALA > 2022-01-15 09:10 | Report Abuse

Nuts ialah analyst Kopitiam lah. Haha

LALA

5,395 posts

Posted by LALA > 2022-01-15 09:11 | Report Abuse

I must berkerja keras seperti Founder LGT

cheeseburger

2,870 posts

Posted by cheeseburger > 2022-01-15 09:59 | Report Abuse

https://www.theedgemarkets.com/article/genting-hong-kongs-shipbuilder-insolvency-has-no-direct-impact-sister-companies-says-ram

Genting Hong Kong’s shipbuilder insolvency has no direct impact on sister companies, says RAM Ratings

Armanhashim

1,558 posts

Posted by Armanhashim > 2022-01-15 13:02 | Report Abuse

Limit down ?

Posted by MorningGlory123 > 2022-01-15 18:02 | Report Abuse

U.S. intelligence agencies point to potential Russian invasion of Ukraine within a month’s time

Russia’s cyberwar campaign against Ukraine exploded in December, a pattern that U.S. intelligence agencies believe could signal a ground invasion within a month’s time.

The new time frame was one of several details that White House press secretary Jen Psaki shared Friday about Russia’s intentions toward Ukraine, a longtime U.S. ally.

Some American military analysts believe Russia has “prepositioned a group of operatives to conduct a false flag operation in eastern Ukraine,” Psaki said.


https://www.cnbc.com/2022/01/14/russia-could-invade-ukraine-within-next-month-us-intelligence.html


*Global market facing uncertainty on the political tensions

Posted by MorningGlory123 > 2022-01-15 18:18 | Report Abuse

Covid global report: Omicron alert in southern Chinese city bordering Macau

The southern Chinese city of Zhuhai has suspended public bus routes after announcing it had detected at least seven cases of the highly transmissible Omicron coronavirus variant there and warning residents not to leave the city.

The coastal city, which borders the gambling hub Macau, said late on Friday that Omicron had been detected in one mildly ill and six asymptomatic patients, after mass testing due to a case in a neighbouring city.


https://www.theguardian.com/world/2022/jan/15/covid-global-report-omicron-alert-in-southern-chinese-city-bordering-macau


*More restrictions will be imposed by countries administration since virus infections unstoppable spiking

Posted by MorningGlory123 > 2022-01-15 18:27 | Report Abuse

Omicron's not the last variant we'll see. Will the next one be bad?

Experts say it wouldn't be surprising if another concerning variant cropped up this year.

The new year rode in on a wave of omicron cases, but will this be the last of the variants, or will a brand-new "variant of concern" emerge in 2022?

Experts told Live Science that they wouldn't be surprised if a troublesome new coronavirus variant crops up this year — but that it's difficult to predict how quickly that variant would spread, how well it would evade the human immune system or whether it would cause more severe disease than prior versions of the virus.


https://www.livescience.com/coronavirus-variants-after-omicron-2022


*Let the experts preview what is the next possible of virus variants

kyliew

1,397 posts

Posted by kyliew > 2022-01-15 21:10 | Report Abuse

AA alrdy 10 consecutive QR making losses, Genm 7 QR losses... Will PN17?

LALA

5,395 posts

Posted by LALA > 2022-01-15 22:02 | Report Abuse

Nut Is Nuts.
haha

willee2

1,089 posts

Posted by willee2 > 2022-01-15 23:17 | Report Abuse

NUT IS NUTS! HAHHAHAHA

OnTime

2,188 posts

Posted by OnTime > 2022-01-16 14:25 | Report Abuse

Meanwhile, RAM Ratings noted that Genting’s Malaysian operations have registered strong business volumes since the interstate travel ban was lifted in November 2021 while its overseas operations in New York and the UK have continued to outperform expectations.

Posted by MorningGlory123 > 2022-01-16 19:30 | Report Abuse

Expect more worrisome variants after Omicron, scientists say

Get ready to learn more Greek letters. Scientists warn that Omicron's whirlwind advance practically ensures it won't be the last version of the coronavirus to worry the world.

Every infection provides a chance for the virus to mutate, and Omicron has an edge over its predecessors: It spreads way faster despite emerging on a planet with a stronger patchwork of immunity from vaccines and prior illness.


https://www.ctvnews.ca/health/coronavirus/expect-more-worrisome-variants-after-omicron-scientists-say-1.5741464


*More virus variants will impact global economy

Posted by MorningGlory123 > 2022-01-16 19:39 | Report Abuse

COVID-19: UK records 81,713 cases and 287 deaths in last 24 hours

The UK Health Security Agency believes England's R number now stands between 1.1 and 1.5 - meaning that every 10 people infected with coronavirus will on average pass the disease to between 11 and 15 other people.


https://news.sky.com/story/covid-19-uk-records-81-713-cases-and-287-deaths-in-last-24-hours-12516686


*virus infections still unstoppable spiking until forcing countries administration to impose more curfew

LALA

5,395 posts

Posted by LALA > 2022-01-16 19:59 | Report Abuse

I must berkerja keras seperti Founder LGT

Posted by MorningGlory123 > 2022-01-17 07:45 | Report Abuse

What do we know about the 175,000 people who died of Covid in the UK?

Two startlingly different figures for what is ostensibly the same count have been released within days of each other: the government reported 150,000 Covid-19 deaths days before the UK’s lead statistical agency reported a death toll of more than 175,000.

The difference between the two figures is stark but easily explained: the government’s figures count only those deaths that are known to have occurred within 28 days of a positive coronavirus test. The Office for National Statistics, on the other hand, counts all deaths where the virus was mentioned on the death certificate.


https://www.theguardian.com/world/2022/jan/16/what-do-we-know-about-people-who-died-covid-uk


*Unstoppable virus spiking & unavoidable virus variants to impact business environment

Serious

177 posts

Posted by Serious > 2022-01-17 08:28 | Report Abuse

Covid in the UK: Reported cases at lowest level for a month
(Published1 day ago)

https://www.bbc.com/news/uk-59973659

Posted by MorningGlory123 > 2022-01-17 13:06 | Report Abuse

Tougher COVID-19 restrictions needed in WA amid Omicron spread in Perth outbtreak, AMA warns


WA's peak medical body is calling for the state government to immediately ramp up social restrictions in the wake of an apparent spread of Omicron cases across Perth.

WA has recorded 18 cases of COVID-19 in the past week, including five cases announced on Sunday that triggered the return of a mask mandate in Perth and the Mandurah region.


https://www.abc.net.au/news/2022-01-17/ama-wa-calls-for-stricter-covid19-restrictions-in-perth/100760564


*Unavoidable government will impose more restrictions since virus infection still spiking

Posted by MorningGlory123 > 2022-01-17 13:52 | Report Abuse

The U.S. surgeon general warns that Omicron has not yet peaked.

Dr. Vivek Murthy, the U.S. surgeon general, warned on Sunday that the Omicron surge of coronavirus cases had not yet peaked nationally, saying that the next few weeks would be very difficult in many parts of the country as hospitalizations and deaths rise.


https://www.nytimes.com/2022/01/16/health/omicron-peak.html



*Medical expert had warned virus infections will further spiking

OnTime

2,188 posts

Posted by OnTime > 2022-01-17 14:56 | Report Abuse

HONG KONG -- Macao casino stocks bounced higher on Monday with investors seeing draft gaming law amendments unveiled by the city late Friday as good news after two years of COVID-induced gloom.

Sands China led the rally, rising 15.4% during the morning session in Hong Kong, while MGM China gained 12.1%. Wynn Macau, Galaxy Entertainment Group and Melco International Development each rose between 7.2% and 8.2%, while SJM Holdings trailed with a 5% bump. The parent companies of Sands, MGM and Wynn also posted strong gains in New York on Friday, alongside Melco's casino unit.

Posted by MorningGlory123 > 2022-01-18 10:40 | Report Abuse

Genting Hong Kong May File for Liquidation as Funding Dries Up

Says appointment of provisional liquidators is essential

Shares of Genting Hong Kong halted from trade in the Asian hub


Genting Hong Kong Ltd. may file for provisional liquidation as soon as Tuesday after it wasn’t able to secure funds to help it stay afloat following an insolvency at its German shipbuilding subsidiary.

The troubled cruise operator plans to file for provisional liquidation with courts in Bermuda unless it receives “credible proposals for a solvent, consensual and inter-conditional restructuring solution,” Genting Hong Kong said in a filing to the Asian financial hub’s exchange. Trading of the company’s shares has also been suspended.


https://www.bloomberg.com/news/articles/2022-01-18/genting-hong-kong-may-file-for-liquidation-as-funding-dries-up


*Unexpected file for liquidation for one of the local darling stock

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