That seems a bit early, John. I will wait for GenM privatization/delisting completion first.

The next downgrade will be considered junk. So, if there is a negative ratings outlook in the future, run for your life first.

Downgraded by Moody as per previous downgrade watch back in Oct - https://www.moodys.com/researchandratings/region/asia-pacific/-/004000/00500000C000

lets see how day1 IPO listing looks like. curious.

Rolling in the deep again

Frankly Speaking: The Edge or other media can definitely do a better job in investigative journalism to keep companies accountable, protect investors, and identifying potential risks. Deep dive into the information available and publish "Frankly Speaking" report out earlier instead of post market actions.

ooh noted, adama. I have no idea then :)

interesting stock within the chemicals sub-sector. IPO priced at 1.75. If we were to compare with FY24 which is part of the baseline taken into consideration during pricing at 1.75, then, latest 3Q performance in FY25 and current market price seems to be a bit optimistic. Q3FY25 numbers were mixed and not as optimistic as market price.

Definitely not kyy though he is also from Perak, adama. Uncle Koon is already 90+ years old.

debt is not a bad thing but too much debt is really bad. In the case of Genting, its at the borderline without the debt financing for GenM privatization. It has caught the attention of ratings agency and potentially being downgraded. Being downgraded is a big thing - it means higher risk of default and guess what will the banks/lenders ask for in return? higher interest rates for the higher risk of default. and this will lead to higher interest expense / finance cost and lowering pbt/pat. well, of course Genting can then sell Miami land, US listing to pare down the debt. Is the debt being used to increase the value of the company or destroys firm value? And it destroys shareholder value faster as more cash goes to interest payment. We have seen dividend halted and the company did not even start share buyback. SG and MY assets are performing well and I can understand if more capital being allocated to these assets. But US assets - hmmm, the results over the years are not convincing though.