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The client (whether financially troubled Lambo/Cheetah) of Morgan Stanley bought expensive Focus mothers and held them for a few years -- at 2¢ about 1-2 years ago, and at least 4¢ and above for the rest. The client was forced to let go due to a margin call -- so, the "shark" must think Focus had a future:)
By purchasing the 0.5¢ mothers (not a lot of money, compared to Genting), I am a top-30 shareholder! It is selling very expensive spirits and having quaterly cash flow since at least 2019 -- the CEO was/is good in his role -- hence, no point attending the AGM!
Did I mention dividends? Also, GENM is mainly depending on local tourism (no tariffs), and a stronger Ringgit will help as well, including favorable currency gains!
Yes, because I bought them before during the MCO period, RM2 (GENM) and RM3 (Genting), the lowest then:) Hence, the RM3.05 Genting now is not expensive at all! I only buy them if they are in distress but good fundamentally.
AI Overview:
Lambo Group Bhd (formerly known as Accsoft Technology Bhd) is a public listed company on the Bursa Malaysia, and therefore, it does not have a single owner. It is owned by its shareholders. The major shareholders include Cheetah Holdings, with a stake of 19.64%, and previously, Morgan Stanley had a significant stake of 12.26% before selling off their entire shareholding. Koo Kien Yoon is the Executive Director and a substantial shareholder.
