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GENM's local revenue has increased, and the net profit is one of the best in recent quarters -- the doubters of course would not buy at any price:) Gaming is one of the few business models to generate positive cash flows consistently -- hence, any mismanagement can be overcome!
GENM is expected to be stable since the Malaysian revenue would not be a surprise and stronger ringgit is a plus! But, overambitious Genting could be heading to another loss with mostly foreign-currency incomes (like Genting Singapore) -- after depreciation from the bad-income quarter, Genting could be attractive especially for causing another panic:)
To be fair, the 3rd/4th biggest "shark" (AKA Morgan Stanley, holding the margin shares for small Lambo sharks) was not prepared for the 0.5¢ mothers as well despite holding them within the past 2-3 years!
Not all "shark" counters are equal. E.g., LKL is depreciated 141 times from its height around that time. Almost all of them were not making money (in terms of gross margins) except Focus. And thankfully 0.5¢ PA were resulted from the slaughtering by the "big shark"; otherwise, how could you get 0.5¢? I am still in the not-losing-money phase -- so, impatient investors should not hold any Focus mother or daughter! Nor would they ever be prepared for the 0.5¢ mothers!
PA resources is 17¢ (up 1¢) now, so all in? I was asked to comment on this stock when aluminum was in hot demand and it was hovering around 39¢. I replied why investing that when everyone was "optimistic," and the long-term cash flows were not guaranteed! I told the investor to think about "not losing first"! And 0.5¢ Focus PA then would not be depreciated further -- little chance of losing:)
The real and biggest "cut-loss expert" is one of the "sharks" called "Morgan Stanley" (with most Focus shares >= 4¢) that represents an unknown client, which is probably related to Lambo! "Sharks" or not, they should know better not to open a margin account at the bank! https://theedgemalaysia.com/node/765239
