Great point on the cash flow.
Many fails to realise this issue.
All they see is 'how much cash' in their balance sheet and they would then proclaim the company as cash rich without considering the fact that the company debts had increased a lot too.
It's like a guy having lots of cash FD but on the same hand, he has lots and lots of borrowing too.
How cash rich is the fella?

The other MASSIVE sticky point... recent HIGH.
People cement their believes on these recent HIGHS.
Genm used to be around 5.8 or so.
Now at around 2.90, it's half.
So it's cast in stone that this represents the discount in their 'investing'...
Big name blue dropped 50% wo.
Genting wo.
How to chap lap?
Hence they discount the real issue om why the stock dropped like crazy in the first place...

With the increased taxes, perhaps the FV should be around 3.20 to about 3.60. G
Give or take here and there.
Now with this theme park issue... the sticky issue is whether the expected future visitor will be hit... if so, what are you looking?
still 3.20 to 3.60?
isn't that a bit too optimistic?

How about 3.00?
Fair?


and next, the other sticky point is the theme park again...
now what are they going to do with it?
Any potential substitute theme?
Any risks of write downs?
There were some mentions of some food operators operating in Genting solely because they were sold on the idea a FOX theme park will be there.
Now it tak jadi.
What will they do?
Any potential lawsuits?




People talk about winning streaks and losing streaks (or bad lucks)...
So far, in my opinion Genting group is not ONG at all....


anyway, I think people tends to over react in investing....
yes sometimes, they can win but when luck is not there...
they can be caught in a big big hole .....
remember the oil crash?


There might be a positive...
assuming IF the dividends hold...
the current price SUGGEST a fairly decent dy...


just sharing some 3 sens

And who is Genting M buying this loss making from?

Think about it...

Could this why the market dumped the stock?

And this is not the first time such thing happened...

Hello.

Let's think about it..

You and LKT are both shareholders in this company. One day LKT comes out and tells you that he wants this company to buy his stake in his other company which is loss making.

Is this ok with you?

If not, does the market capital even matter?

For your info, this not the first time, blatant lopsided rpt has happened before. Not the first time. Do some research.

Imo, the sell down is justifiable and it is best to avoid such company.

I raise the same question to you...

Let's think about it..

You and LKT are both shareholders in this company. One day LKT, who is the major shareholder comes out and tells you that he wants this company to buy his stake in his other company which is loss making.

Is this ok with you?

Genting is famous for its RPT lah.

Calling them selfish or greedy is rather pointless. One should have known better and factored in this risk.

And here lies the other common risk. Whenever a big name stock falls, all the heroes dives in looking for gold....

Pbbank is falling too.
And yeah, the nonsensical 52 weeks low yardstick....