Eddy Khoo's comment on GENTING. All Comments

Eddy Khoo
3 Like · Reply
genting has become the sick man of Bursa.
cheng
post fear phase and currently in anger/depression phase; the emotional cycle if you will. gonna take awhile before entering hope/recovery phase
Like · 1 week · translate
Eddy Khoo
that would probably in June when it announce the opening of NY casino and also decision on Taurx drug.
Like · 1 week · translate
Eddy Khoo
meanwhile still have 4 more months of getting sick
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Vin Vin
I think genting will privatise Genm first before start moving...
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cheng
Spin off US assets as GenUS instead of dragging SG and MY assets. Use the gains from the US listing to pare down the debt and future capex needs.
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Vin Vin
I hope this coming FLNG will bring gent more profit...
Like · 1 week · translate
cheng
first drop of LNG targeted by second half of this year, Vin. And, more capex needed along the way for O&G segment. LKT needs to sort out the mess with regards to the US assets asap - high investment low returns; less than 20% ebitda margins is horrible
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Like · 1 week · translate
Eddy Khoo
wonder if the same approach of Feb 2025 would occur again by declaring big losses for both GenM and Genting after CNY.
Like · 4 days · translate
cheng
Unlikely, Eddy. foreign exchange rates trending in q4'25 is favorable compared to q4'24.
Like · Yesterday · translate
cheng
You can use the following link to get a feel on the overall situation at Las Vegas Strip area where RWLV is located. Retrieve Dec ggr report and go to page 12 and look at the 3 months and 12 months yoy pc change. Its flattish and not worsening. Retrieve the Sep ggr report if you are comparing q4 and q3. https://www.gaming.nv.gov/about-us/gaming-revenue-information-gri/
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2 Like · Yesterday · translate
Eddy Khoo
I'm not that optimistic that the genting boss would let the share price to appreciate for now until the end of Q2 when he could propose the take over again for GenM.
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cheng
we will know the shareholdings of GenM when the annual report is released. Most funds/institutions would have exited GenM given Gent's 73+ pc shareholdings.
4 Like · Yesterday · translate
cheng
Not much news or updates on the Sullivan County purchase of non-gaming assets of Resorts World Catskills. This purchase has to go through in order for Empire Resorts to redeem the 300mil bond due end of this year.
Like · 2 hours · translate
Eddy Khoo
don't expect much just as like what happened with Miami land sales. claimed to have a lot of interests and some even willing to bid for high price..after 3 years, nothing happened.
Like · 41 minutes · translate