Sleep on it and hope they don't do another silly related party transaction again

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Added on April 22, 2009, 3:51 pmBoth Genting and Resorts are good bets. Probably we've heard that they were the bluest of blue chips. I wouldn't call them that after the son took over the reins, but they're still amongst the best in my books.

This post has been edited by Starbucki: Apr 22 2009, 03:51 PM

I believe Resorts and Genting's first quarter will be better than 4Q 2008 due to the chinese new year crowd and fairly good CPO prices (for Genting's subsidiary, Asiatic). Please let us know if you feel otherwise.

I'm more of a long term investor, so I try not to let short term price pullbacks affect me.

20 is too far-fetch d kua..considering the stock has split. Who knows you have better luck than me

Just wait for whatever level of holding we have do wonders for us. We took the risks we are comfortable with, and now we reap the rewards. Of course not necessarily harvesting them yet.

Yes, can accumulate more RESORTS if it dips below 2.45

It's 2.40 now..hehe

Resorts at 2.28 now on opening, dropped 2 sen.

Back to 2.28. Looks like the fear has abated some since it didn't drop like a brick today.

The haemorrhage will start again if WHO ups the alert level one more notch.

Else, the wound would dry up; the flies move on to other fresh wounds; and beanstalks would sprout from the dry wound. Hohoho..

Yes, swine flu is old news already.

2.38 as of lunch break. Still a good price to hold.

It's going to renamed Genting Malaysia. Sounds like good news to me.

Look at Axiata. It's prices went up almost immediately after it was renamed from TMI. I know this is purely anecdotal, but Genting Malaysia does send out good vibes (i.e. better brand recognition) compared to Resorts World.

Hope it is for the better. Resorts is quite a laggard. Hope the new name energises.

KUALA LUMPUR: Resorts World Bhd has proposed for a change of name to Genting Malaysia Bhd, its deputy chairman Tun Mohammed Hanif Omar said.

In a statement to Bursa Malaysia, he said the approval of shareholders for the change of name would be sought at a general meeting to be convened.

“The proposed corporate name change is to reflect the company’s country of listing, origin and current operations. As the company is a key subsidiary of Genting Bhd, the proposed change of name is also to reflect the direct relationship between the two entities,” he said.

He added the Companies Commission of Malaysia (CCM) had approved the name change, and the change, if approved by shareholders, would be effective from the date of issuance of the certificate of incorporation on change of name by the CCM.

Meanwhile, another Genting group company, Asiatic Development Bhd, has also proposed to change its name, to Genting Plantation Bhd, its chairman Tan Sri Amin Mohd Osman said.

The company would also convene a general meeting to seek shareholder approval for the name change, he said.

“The proposed corporate name change is to reflect the principal activities of the company, which is primarily engaged in the commercial cultivation of oil palm and processing of palm products. As the company is a 54.7%-owned subsidiary of Genting Bhd, the proposed change of name is also to reflect the direct relationship with the holding company,” he said.

The CCM had also given its nod for the proposed name change, he said.


This article appeared in The Edge Financial Daily, May 13, 2009.

http://www.theedgemalaysia.com/business-ne...ame-change.html

Should be ok I suppose. Lion, YTL etc all also the same..

Actually they should change the name since long time ago.

People always erroneously calls Resort Hotel (a hotel at Genting Highlands) as Resort World; while people (especially aunties and uncles) who bought RWB shares says that they have Genting shares.

Too much confusion might as well unify everything under a common name, for better or for worse.

Resorts will hit RM3 in no time.

Yeah, but worse is using the cash for related party transactions.