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if you want to cont your investment in GenM, the logical step is to move your fund to Genting Berhad. alternatively, can just exit and move to Genting Singapore for the similar biz exposure.
more than 3 weeks of AGM and approval for SBB but not a single share was purchased by the company. now you know it s all for mere announcement and show but no concrete action. that s how the BOD try to con the public. best is to give dividends.
well don't expect the BOD to do anything. the most they just resigned and wash hand. there are so many hanky panky listed companies in Bursa that just come and go for the financial gain thru the open market.
majority privatization and delisting usually won't be fair. the management would privatize and delist when the valuation is at the bottom and relist when the valuation is much higher.
with the full casino license, conservative calculation on net profit would be around usd500 mil per year. that s y they going full force to secure the license. in the first 5 years, Genting would be the only casino operating until the two competitors completes their development. so conservatively is usd500mil x 5 = 2.5 bil from gaming alone. yet to factor the rooms, fnb, events, etc once the facility is developed fully. now the question is would genting secured the ROI by 10th year?
