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"Kuala Lumpur (Dec 8): Moody’s Ratings has downgraded the issuer ratings of Genting Bhd (KL:GENTING) and two of its subsidiaries — Genting Overseas Holdings Ltd (GOHL) and Genting Singapore Ltd (GENS) — following the group’s planned RM6.3 billion debt-funded acquisition of the remaining 50.6% stake it does not own in Genting Malaysia Bhd (KL:GENM)." https://theedgemalaysia.com/node/785277
"He did not bother to read the Chinese translations to realize the comment today is proving his extremely low IQ. What had happened last Friday? If you had 117,722,000 0.5¢ mothers (8 days ago), you could sell all for 1¢ -- 100% return in a day! So, how dumb is this 'old goreng hand'? I was hoping he would make a similar comment like today's, hahaha:)"
"Its share price has fallen after the news. CreditSights, a research outfit under Fitch, has pointed out that GENM and its parent Genting are facing increased risks of rating downgrades, given the latter’s high debt and weak cash flow." https://theedgemalaysia.com/node/785148
Although Xenomorphs may have advanced technologies to foresee future events, this one is super dumb, haha:) My sympathy for those who switched (under his spell) to GENT at RM3.52 or similar prices!
