Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Understood Genting business are badly affected by this pandemic especially during MCO. However, operation have started saw some improvement although still need time to back to before pandemic results and based on the cash burn rates which Genting group have more than RM30 billion in cash, the largest among all listed company in Malaysia that can sustain up to years even casino do not open and don't say its have started operation.
Depend your intention Chriss, if you are looking for dividend than GenM is better than Genting but if you are looking for more diversify portfolio not only focus on casino business than Genting is one which u may consider. GenM hold Resort World Genting, US and UK casino. Whereas Genting hold both GenM and GenS as well as plantation, oil and gas, power and property (premium outlets and etc)
If based on chart now is not timing to enter as MACD and SMA is on down trend but should u wait chart to confirm up trend then maybe not at lower price but less risky and we do not know what is the lowest its may go. The next support seen at RM3.43 and if break then bext support is at RM2.91
hi, Kyory...thanks for your advice...ya..I m looking for long terms investment... bought GenM @ price 3...don know when can up to this price.... sad...
Most welcome Chriss, RM3 still fair unless you bought GenM several years ago above RM4 or RM5. As long as company fundamental still remain intact the short term price movement you do not have to worry too much especially the dividend is good. During 2008 even very good manage company like Carlsberg stop dividend payment but after a year or 2 the they did even better. Time will tell
Hi Chriss, just to clarify that although GenM is holding US casino New York business but Resort World Las Vegas that under construction and target opening mid 2021 will be 100% under Genting Berhad ya. Thanks
hi Kyory.... hope the covid pandemic will be ended soon...or else... opening also price won increase much....beside Genting teampark will open end of this year?
