Expected and it should go down more particularly tech stocks - AI and semiconductors, Vin. Not a surprise due to overvaluations. Value and dividend stocks will be preferred. As for HMTM from TauRx, there are no adverse events reported from the clinical trials which is a big plus point. 2nd plus point is its oral meds in pill forms compared to the other two approved by UK MHRA which is IV meds and with known adverse event such as ARIA.

Strong safety profile + oral meds + no adverse events comparing to the two approved drugs - need a strong justification to reject it :) there's a strong demand for the drugs in UK and the link above is not the only channel reporting it in UK. It's understandable as the previous two approved drugs is not available for NHS :)

You are welcome, Vin. Probably not a good idea to reenter into KLCI constituents yet in June. The market makers for large cap stock are the funds/insti and not retail. While financial performance will improve over time, the sustainability piece is something that the BODs need to work on to entice the funds/insti. Index funds exited and other funds bought back in late Nov/early Dec.

Understand :-)
Let's wait for tmr again..
DJ plunge almost 700 point...hope klci maintain above 1600...
Gens doesn't look good as well...
0.75...but seem like opportunities to buy now

It's an overdue corrections for US techs :) not even near to where it should be yet. As for Genting, it should be in accumulation mode given the Apr timeframe for HMTM. If it is approved, it will be a double theme second half of 2025 - GenS earnings recovery + monetization of TauRx stakes.

Hopefully RWLVS complaints disposition plan will be finalized before Apr too. As for shareholders dispute between GAI and RAV Bahamas court case, that will probably take a long time similar to litigation cases that we have seen in Malaysia; unless out of court settlement, back to boardroom. Safe to assume one to two years process at least.

Cheng, seem like need very patient on this stock...
Hold 1 year plus... Portfolio still red...
Quite hati sakit..
Let's hold everything fine...
Next month rws minion land open ady .. :-)

Lol, Vin. I am used to investing in undervalued / stock beaten down by the market irrationally. Still enjoying it until today :) If you have been doing well in the past, just have faith and continue with it. Maybe you can consider (1) risk management (2) liquidity in your plans before initiating position.

GenS happenings in 2025 - The spokesperson added: “Visitors can look forward to a wave of exciting new offerings this year, such as Illumination’s Minion Land at Universal Studios Singapore; a transformed retail and dining biophilic enclave at the Forum; a reimagined boutique and all-suites luxury hotel; the much-anticipated Singapore Oceanarium, and much more. These exciting new-to-market thematic concepts set us apart as a premier resort destination that boldly pushes the tourism boundaries of possibilities. https://www.ttgasia.com/2025/01/23/resorts-world-sentosa-to-welcome-high-profile-chinese-entertainment-awards-gala-rolls-out-packages-for-fans/

That's the RWNYC full casino license plan, Vin. Meaning, the expansion plan will proceed ONLY if RWNYC secure the full license. No full license no expansion plan :) As for funding, it can be asset sales, corporate bonds, loans or other means of funding.

Nicole Bowyer, wife of illegal bookmaker Mathew Bowyer and a registered independent agent at Resorts World, was named in a Nevada Gaming Control Board complaint in mid-August that said she received payment from Resorts World despite knowing that her husband’s source of funds derived, at least in part, from illegal activity.
Mathew Bowyer pleaded guilty to federal criminal charges for running an illegal gambling business that took in unlawful sports bets from several current and former professional athletes, as well as the former interpreter for Los Angeles Dodgers star Shohei Ohtani. https://gaming.nv.gov/gaming/complaints/stipulations/

No rush. As KLCI enters correction mode, I presumed funds/insti will reallocate/rebalance their portfolio to Genting as long as Q1FY25 showing signs of earnings recovery with gradual opening of the attractions in GenS and partial reopening of GenM's gaming facility.

2nd half selling today is probably driven by market reaction on tariffs and futures pointing to lower opening in the US market, Vin. Not surprising as US market's correction mode need to pick up pace a bit more in order to go higher in the future :) China will then react accordingly for the tariffs - tit for tat. Just enjoy the drama and pick up some good deals along the way :)

The first and likely only tribal casino within Massachusetts’ borders appears to be finally moving ahead after multiple delays spanning nearly a decade. A representative of the Mashpee Wampanoag Tribe has shared that plans for the gaming facility will be shared with the public “in early 2025.”
The planning for the enterprise, dubbed First Light Resort and Casino, will involve city leaders in Taunton, Massachusetts and involve phases of development. The Mashpee Wampanoag are already moving forward with a non-gaming project on the land the casino will occupy. The Taunton Gazette reported on Monday that leaders in the city and from the Mashpee Wampanoag will soon join to pour over plans for development of the 321-acre site that the Tribe owns. Those plans should become available for public scrutiny in the near future.
Mashpee Wampanoag Tribal Council Chair Brian Weeden stated in the article:
Over the coming months, we are thrilled to announce we will be working with the city to develop our phased plan for the future First Light Resort and Casino. We are working toward presenting these plans to the public in early 2025.
The Mashpee Wampanoag have already announced that they will construct a welcome center on the site. According to Emma Rindlisbacher of the Taunton Gazette, that work currently involves clearing the site of what Taunton mayor Shaunna O’Connell called “illegal dumping, loose fence posts, and other blight.”

Although the Mashpee Wampanoag have been working on First Light Resort and Casino since it acquired the land in 2015, there is still no timeline for when the facility may open. That could be part of the forthcoming public updates in early 2025.
If the Mashpee Wampanoag Tribe does move forward with casino development in 2025, it will represent the culmination of years of legal wrangling to get to that point.

Unfortunately, its the impact on the gaming industry, Vin. Its not only Genting. Just look at Macau, Philippines and Korea - all the gaming stocks are down by similar range; worst in Philippines. China: Galaxy Entertainment Group 31% down from the peak in 2024, Sands China 30% down, Wynn Macau 35% down, Malaysia: Genting 31% down, GenM 26% down, Philippines: Bloomberry Resorts Corp 67% down, Korea: Paradise Co Ltd 36% down. The only silver lining here is that no new low for now and no major negative headwinds in these regions.

You are welcome, Vin. Market expectation is that Q4 will be flattish again due to earnings disruptions from RWS2.0 upgrades activities. I am only interested in the cash generated from its ops; 5bil+ as of Q3 and hopefully at 6 to 7 bil range in Q4'24 report.

indeed. should be resolved soon as the new BODs in actions and reading in between the lines the recent message from the new RWLVS CEO :) - Dixon said his new responsibilities include having proactive discussions with regulators to resolve the matter while also taking steps to improve internal operations and prevent future problems.
“What we’re doing here today is acknowledging the issues of the past, taking account for them and making sure that we put the policies in place to make sure that the issues that have been widely talked about never happen again,” Dixon said. “We are infusing our culture with compliance, and we are turning the page.”

Bet on us
In writing the next chapter in the Resorts World story, Dixon said he hopes to have buy-in from stakeholders across the board, including guests, locals, employees, regulators and shareholders. To that end, he is pushing a new mantra at Resorts World — bet on us.
“I think it’s important that we take a long-term view of this story, because that’s what our ownership group is doing. They’re taking the long-term view that owning 85 acres on the Las Vegas Strip,” is a smart play, he said.

You are welcome, Vin. There isnt much volume recently though. Lots of things going on this year; lined up all the way until 2026. Leisure and hospitality segment - GenS, GenM, RWLVS, RWNYC, Biotech segment - UK MHRA marketing authorization for HMTM by TauRx, O&G segment - first drop of LNG.