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GENM could be over, but not Genting! I am not asking anyone to buy that stock. I (myself only) will watch carefully the next two years whether a 100-year opportunity knocks -- if not, okay as well:) There are three possible turbulent world events -- a new Fed Chair in 2026, a drastic appreciation of ringgits, and the US great depression!
someone already analyse, what happened in GEMN going to repeat in GENTING. pushing the price down and privatize. seems possible as GENTING price have drop until MCO price now
Warren Buffett sold his shares for cash -- indirectly voting for a US stock crash -- everything is possible with the crazy Trump. Also, I only invest when an extraordinary event occurs -- if not, no problem, as I always think how I could lose before the profit! I bought both Gentings because I predicted Pfizer would be successful, and Covid-19 would be over then, mind you?
Although the RM3 Genting is not expensive now, it could dip further due to possible bad events in the US before getting better. For example, the US economy and stock markets may not be stable in the near future -- indirectly affecting the valuation of Genting, especially after the heavy investment in NY state.
"Genting is the single largest shareholder in GenS, which commands a market capitalisation of S$9 billion (RM30 billion). At the same time, Genting’s 52.6% stake in GenS is worth RM15.8 billion — more than the company’s entire market capitalisation of around RM12.8 billion. This effectively means that the market has not ascribed any value to Genting’s majority stake in GenS." https://theedgemalaysia.com/node/746522
