yeah, i noticed that too. Not sure whether it has anything to do with the recent Singapore's GRA report - stated that the number of citizens and permanent residents who visited casinos in 2024 totalled 94,000. That’s a decrease of 5.3 per cent year-over-year.

It's currently hovering close to myr 800mil ebitda for GenS. The Laurus launched in Oct, so, realistically Q4 results is a better measure of its recovery. Not expecting much from Q3 apart from seasonally higher tourists arrivals into Singapore in Jul and Aug.

3.0 Situations which may warrant suspension
3.1 The Exchange may approve a listed issuer’s request for suspension where -
(a) the listed issuer requires time to prepare and release an announcement relating to a
material transaction, such as -
(i) a very substantial transaction as defined in Chapter 10 of the Listing
Requirements;
(ii) a significant change in the business direction or policy of a listed corporation;
or(iii) any other corporate exercise which the Exchange considers to be material;
(b) the listed issuer intends to -
(i) make a material announcement, including one that falls within paragraph 3.2
below (“Very Material Announcement”); or
(ii) hold a press conference to make a Very Material Announcement,
before the close of trading; or
(c) any other reason which, in the opinion of the Exchange, justifies a suspension.
3.2 Without limiting the above, an announcement relating to any of the following matters will be
regarded as a Very Material Announcement:
(a) an interim financial report;
(b) a bonus issue or fund raising exercise;
(c) a transaction as defined under paragraph 10.02(l) of the Listing Requirements, where the percentage ratio calculated in accordance with Chapter 10 of the Listing Requirements is 25% or more;
(d) a notice of take-over being served on a listed issuer which the public has no prior
knowledge of; or
(e) any other corporate exercise.

I am not sure whether its a good idea to sell land for GenM. GenM's credit ratings is not good (mainly due to Empire Resorts) and it will be tough to secure loans without pledging collaterals. Genting's credit ratings is better than GenM. We will have to wait until market closing for the announcement perhaps.

Lol, privatization of GenM up to including delisting of GenM. CONDITIONAL VOLUNTARY TAKE-OVER OFFER BY GENT TO ACQUIRE ALL THE REMAINING ORDINARY SHARES IN GENTING MALAYSIA BERHAD (EXCLUDING TREASURY SHARES) NOT ALREADY HELD BY GENT FOR A CASH OFFER PRICE OF RM2.35 PER OFFER SHARE (“OFFER”).

NTA 2.07 for GenM. in principle, they are offering higher takeover price. but in terms of future valuation and potential, not included in the pricing. for those who hold genm shares for years, they been wiped out by such low takeover price.

42b debt, 22b cash, now need pay 6.7b to privatise. Genting probably facing cash flow later. Their bond rate is 6% above, if pay dividen just 4% max, don't know why they want privatise. Though genm is good business but the cash flow really become problem later, considering their bond rate is higher than dividen paid to shareholder. GenM shareholder untung, totally bailed out of this sinking ship (if buy cheaper than RM2.35)

Cheng,genting big chance go up one………….i still got 288,293,288,293,294…….but...g that day I sell all my 283 at 290………..genting need funding one,the boss will not private genting………..private company not easy to borrow big money from bank especially not esg company………..genting gogogo………..

Ermm. Not exactly true. You are not the first one to mention dividend paid from borrowings and it's understandable. The confusion probably came from seeing net income figure lower than dividend payout? If that's the case, that's not how it works.

When previous GenM QRs in losses, attractive quarterly dividends continued to be paid out when earnings should be used to fund CAPEX, investments etc. Excess monies not required for CAPEX and investments should only then be paid out as dividends. It is always prudent to continue as a cash rich company and not to resort to high borrowings, unless absolutely necessary.

ermm... capex particularly on US assets are not doing well thus far; high capex low returns. nothing much can be done for GenM shareholders. Some if not all, may sell GenM and convert to Gent while some will never touch Genting group's stocks again.

GenM shareholders with high average cost will need to convert to Genting. However, upon recovery, like you said, some will never touch Genting group stocks again as US assets are not doing well. Let’s see Institutional Funds reaction from Vanguard etc.

that would mean higher chance for Genting to secure license in NY but facing higher risk and competition as highlighted by MGM. Genting has an advantage as it already operating a partial casino and easier to upgrade to full fledge casino within 6 months.

congrats, fb. sounds good as long as you have the nerve of steel :) You may want to keep an eye on what happens after GenM privatization. May take a year or two though and you will have to manage it until then :)