Relax, bro...
Generally I think Genting and Resort are good company. The reason being the conservative management and sustainability of their business.
Genting have lower dividend yield but their business is more diversified than Resort (Resort is one of their subsidiaries after all). Both sitting on pile of cash, especially Resort (but Genting have direct control over it anyway).
If you are looking into more stable company, Genting is the choice as their business risk is lower (due to diversification). But Resort is more profitable than Genting as their business is mainly cash cow now.
Just my 2 cent.

wait and see..

i bought in at 2.72....now 2.82..

i don't see why can not invest... coz i earning money now...hehe!!!

I believe Genting can up to RM8.00 by Dec 09. What's ur say?

Genting PE = 2x
GenM PE = 1x

It is a good thing they call it off. Basically, Walker Digital is an investment mistake made by the Lim family private arm Kien Huat Realty. But, in order to reduce the loss from this mistake, they do a related party transaction and sell the failed investment to GENM to recoup the mistake. Burried deep into GENM financial statement for this period is an impairment loss for Walker Digital worth RM108million. They bought the firm at RM 227 million (at current USD-MYR exchange rate). It is about 50% write off in less than one and a half year when there is an uptick in casino business and gaming business globally.The timing of such a write off is very suspicious. These just shows that the family know it is a bad business all this while. They are waiting for a right time to write off the thing without creating much fuss i.e. a time when GENM result improve significant enough to cover the loss from Impairment Loss so that the YOY change do not look that different. Investors tend to look at the bottom line figure, when it does not fall or change too much, they would not ask "why?".The improving result in GENM give this quarter give them just the right opportunity to do so. Basically, GENM just bail out the Lim family from a bad mistake.

GENM and Genting is basically a company with a good business(Genting Highland and Sentosa) but with an incompetent and overpaid CEO that do not know what to do with the cash and put his own interest over that of the minority shareholders. It has been a long time we heard that they are looking for opportunity for acquisition, but they seem to be unable to find anything to buy or perhaps are saying that to appease the shareholder. With the current management track record in Star Cruise(Genting HK) and Genting UK, it is better for them to return the cash.

It is ok to buy into a company with bad management and sound and defensive business, but your entry price need to be low and must realize that GENM and Genting would not be able to fulfill their full potential with the current management in place. Do take note of the intensifying competition of casinos in SEA, there are new ones coming up at Phil and Vietnam. Genting Highland will largely be shielded but Sentosa will face some pressure.