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That will be nice if Mr. Market willing to provide quotation at that price. The biggest threat to Genting now is RMLV complaints. My personal opinion is that it will be just a monetary fines plus revamp of its AML policies. Its a question of how much is the settlement. The worst case which is unlikely - RMLV license revoked.
Ok, Andy. Better not, Nick. Well, unless HMTM is approved in Dec/Jan'25 which will then provide the booster to this warrant. Else, it will be worthless.
GenS earnings recovery timing and the expiry of this warrant makes me think that this is a risky trade. Well, Ah Choon knows better since he has been trading warrants for some time now.
takes time - GenS hotel capacity to recover with all-suite luxury hotel by early 2025; previous hard rock hotel; first drop of LNG in 2026. Near term - RWNYC full casino license bidding and HMTM marketing authorization approval.
wait for reversal signal at the minimum if you are trading. support and resistance strategy is still risky with influx of negative news :) waiting for the last piece of news for the year for Genting - KLCI constituent status. Should be announced by FTSE before end of the day.
