Posted by Tobby > 2022-01-25 15:55 | Report Abuse

Genting and Genm have no cross shareholdings nor hold any GHK debts! So GHK fallout does not effect Genting and Genm at all!
But investors are worried Director Lim will use Genting and Genm to bailout GHK!
I hope he won't! Empire resort was the latest one! Fortunately Empire Resort is viable business! Worth saving! And now Empire Resort is back in black with bright potentials in gaming!
However GHK is dying business! Not worth saving! Hence Director Lim walking away from GHK by resigning! It's a clear signal he won't bailout GHK!
But the fear is there! What if he change his mind and use Genting and Genm to bailout his dear GHK! At this point, he can't as he official resign from GHK! But we don't really know!
So for the next 2 weeks or so, investors are nervous! That's why we see the extreme knee jerk reaction!
I don't know how low Genting and Genm will go! Until then, we can only watch from sideline!

Posted by Tobby > 2022-01-25 15:56 | Report Abuse

What we do know is that EPF and PNB will suffer big losses from GHK fallout! So do our local banks that gave unsecured loans! However, it's tiny compare to overall investment of EPF and PNB!

Posted by OnTime > 2022-01-25 16:02 | Report Abuse

would be nice if management comes out and says it out loud to assure investors!

Posted by Tobby > 2022-01-25 16:03 | Report Abuse

Ontime! Yeah, they should!

Posted by Tobby > 2022-01-25 16:04 | Report Abuse

Just by stating through press that Genting and Genm won't bailout GHK should do the trick!

Posted by BILLC > 2022-01-25 16:17 | Report Abuse

Then who is going to foot those billions of debt??

Posted by Tobby > 2022-01-25 16:18 | Report Abuse

Bankrupt GHK will then be liquidated and proceeds go to creditors!

Posted by Junichiro > 2022-01-25 20:26 | Report Abuse

Posted by Tobby > Jan 25, 2022 3:56 PM | Report Abuse

What we do know is that EPF and PNB will suffer big losses from GHK fallout! So do our local banks that gave unsecured loans! However, it's tiny compare to overall investment of EPF and PNB!

Hi Tobby, I assume you are saying EPF n PNB hold shares in Genting HK. With all the experts inside EPF n PNB, why did they not cut loss earlier ? Cutting loss early is part n parcel of investment in the stock market.