Hopefully the new native CEO and COO of Las Vegas able to improve operations and GenM get New York casino license and better off sell Miami land and Empire then I believe Genting and GenM will reflect fair value.. Egypt operations indeed also not really give much future value especially so near Israel and Palestian..

Agreed. RWLV is one of the 3 main anchor for leisure hospitality segment. MY asset and SG asset. GenM's top US asset is RWNYC followed by Hudson Valley. Catskills is not making enough and inconsistent. Can't do much on Bahamas segment until next year due to the shareholder dispute.

IBs are now aligned to potential MAA decision in Apr too :) Genting Bhd's $10.5 million settlement with Nevada regulators on a compliance complaint could encourage gamblers to return to Resorts World Las Vegas, Maybank IB analyst Yin Shao Yang notes. The company retains its license, and the fine represents less than 5% of its 2025 expected earnings, he notes. A rebound in gambler traffic could lift RWLV average quarterly Ebitda to $37.5 million going forward, compared with about $1.5 million in 4Q 2024, he reckons. The Lim family and CEO increasing their stake recently also signals confidence in Genting's long-term value, he says. A potential Alzheimer's drug approval for its associate TauRx Pharmaceuticals in April or May remains a key upside catalyst, he adds. Maybank maintains a buy rating on Genting and keeps target price at MYR3.98. Shares are unchanged at MYR3.32. (yingxian.wong@wsj.com)

unlikely, Vin. The process typically involves the attorney general representing the Gaming Board and Gent (RWLV board/lawyer/counsel) to discuss the settlement discussions. Once settlements have been agreed upon by both parties, it goes to next step; stipulation for settlement and order. I didnt notice any violent objections from Genting for the proposed settlements.

You can open up the document link I sent on Friday. Its stated as Stipulation for Settlement and Order. Its showing pending bcos the next step is to have it approved by the Gaming Commission. And it has been scheduled for the commission approval on 27th Mar; page 2 agenda #5 :) https://gaming.nv.gov/uploadedFiles/gamingnvgov/content/about/agenda-disposition/March%202025%20NGC%20Agenda%20(1).pdf

You are welcome, Vin. The market sentiment is poor. KLCI is in correction territory and yet to enter technical bear though. Most of the sectors are already in bear market with tech sector being the worst due to overvaluations and DeepSeek adding salt to the AI wound. Gent was beaten irrationally starting back in Aug'24 due to the fear of license being revoked and temporary earnings disruptions from GenS. The former is considered done deal and looking forward to the super luxury all suite hotel and Oceanarium opening in Q3 for the latter.

LKT is indeed buying aggressively, Vin. Its end of Mar now and the USD strength has cooled down from the recent peak back in q4'24. There should not be surprises from forex. The US segment performance will be the deciding factor for Gent's performance. SG and MY performance should be decent due to festive season. News wise - possible MAA decision in Apr, openings in Q3 for GenS, and possible rate cut second half of the year.

I dont have the exact RWLV performance in January as Nevada Gaming Board did not publish individual casino performance. However, you can get a feel how the industry is doing by looking at the numbers from statewide and the strip area where RWLV is located. Page 1 %change for Jan'25 showing total gaming 12.5% increase yoy statewide while page 12 %change for Jan'25 showing total gaming 22.5% increase yoy for the strip area. Pretty good numbers if you will. https://gaming.nv.gov/uploadedFiles/gamingnvgov/content/about/gaming-revenue/2025Jan-gri.pdf

You are welcome, Vin. We have no controls over the market force. I guessed many are disappointed with the lack of positive headwinds in Malaysia stock market. S&P500 will be closely watched as it is not going to be easy to make a new high for 2025; coupled with tariffs and fiscal/monetary policies uncertainties. S&P500 has just rebounded from correction territory recently and giving a breather from sentiment perspective. I am still in the opinion that buying/selling for the short term will be difficult comparing to the last two years. One day sunny and the next day stormy if you will. Volatility will be high with violent ups and downs.

Index supported by EPF and local insti, Vin. Lets see how Genting performs in the quarter end rebalancing. Genting is still part of the MSCI emerging market index after all; visibility from the foreign funds. And LKT is still buying aggressively.

It is also important to keep track of IB's analysis, ratings and TPs, Vin. Their ratings have significant impact since the top shareholders are mostly funds/insti. The pessimistic and optimistic funds/insti are the driving force and not retailers. It will be big/small if your average price is way higher than IB's ratings.

Measures to reduce the high operating expenses. Hope to see more aggressive actions on GenM's US assets too - LAS VEGAS, Nev. (FOX5) - A major Strip casino announced Wednesday that less than 50 full-time employees have been laid off. Resorts World Las Vegas sent out a statement to FOX5 that the “decision is part of our ongoing efforts to optimize efficiency and maximize the exceptional experience we seek to deliver to our guests.” Full statement from Resorts World:
“To best position the company, we have made the difficult decision to restructure a portion of our operations by less than 50 full-time team members. We appreciate the contributions all affected team members have made. This decision is part of our ongoing efforts to optimize efficiency and maximize the exceptional experience we seek to deliver to our guests.”

No. I only hold genting..
I sold genm long time ago.. During the sue case between Disney.
But cheng, if genm keep plunge... Will effect genting share as well right..
Since alot investor less confident to lkt...
First genhk bankrupt then empire.. Now seem like genm soon..

I am ready to add on if it breaks below RM3.00 though it is unlikely, Vin. Market is bad due to tech and AI overvaluations and it will continue until it reaches attractive pricing. Tariffs are helping to speed up the corrections and DeepSeek helps to speed up the AI bubble :) Its safe in here as its neither a penny stock nor a tech stock.

Agreed, Vin. RWLV complaints closure is a big thing bcos sin stocks are sensitive to regulatory & taxes. Two events to watch out for in May (1) Q1'25 financial report - US segment performance (2) MSCI emerging market index review - it's important for Genting to stay in there; foreign funds visibility.

The stage has been setup by Trump to get Xi on board. However, Xi is not interested at all :) Xi's body language is pretty obvious as Xi did not attend Trump's inauguration ceremony :) So, Trump can only flex his muscles on other countries. He has increased the tariff on China to 20% and Xi hit back with 15% on US agriculture products. Trump repeatedly mention Xi is coming to China to negotiate but nothing from Xi's side on going to US to meet Trump :)

Need Trump's tariff to hit the market big time to the extend of confirmation of downturns and sin stocks historically outperform the broader market during this period :) at the back of consistent dividend and demand, without regulatory or higher taxes

Our discussion in previous post by jk was price impact ranging between 3.15 to 3.00 due to the cut in dividend from the qr. That's done deal and funds/insti would have bought it there. I agreed with Vin the bottom should not be lowered further as long as there is no negative/downside rerating for Gent.

Not sure on the exact timing, Vin. The previous articles I read from UK are pointing to possible decision in Apr. My personal opinion is that it makes no difference for the regulators to wait until Jun if they have gotten the additional information from TauRx back in Feb'25.

Cheng..what do you think the percentage of approval?
Others two brand of alzheimer just rejected from UK... This is the final one... TAURX!! :-)
Last time during the month before the taurx decision... Sure alot taurx news mention on social media.. And alot analysis gv higher tp... But this month seem like quite...

Tough call, Vin. Two main objectives from clinical trials - safety and efficacy. The biggest advantage of HMTM is that it is oral medication instead of IV and the safety part of it (no adverse events reported comparing to the other two). The regulators will have to decide whether they are happy with the data provided from the efficacy perspective. If yes, it should be approved accordingly. If no, they will still have to make a decision :)

There is no strong case to totally reject it in my personal opinion, Vin. The worst possible outcome could be exceptional circumstances / conditional marketing authorization instead of full marketing authorization given the needs in the UK market. Nevertheless, I will be eyeing to buy some if market sentiment pulls it down to below 3.15 before the decision.

Conditional approval is as good as full approval. The latter is quite rare over the history of trend of approval. In condition approval, the company will have to submit further evidence/studies during the period of selling the drug. At that time, it'll be very unlikely that the drug will be pull off the shelf

yes, 1.5 for genm is scary. all hell breaks loose. discounting for future events if you will. hopefully new CEO will provide clarity on GenM's interest on Thailand's IR. Going for both NYC full casino license and Thailand IR at the same time is too much given its previous track records of investment outside of Malaysia.

indeed, Jack. If I may - two consecutive investment failure - mashpee wampanoag and followed by increasing stakes in Empire from Kien Huat Realty. While the numbers from the latest qr showing it is still manageable, I am skeptical with GenM going for both Thailand and RWNYC at the same time. I will rather sit out and wait for clarity unless it becomes really cheap.