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yukata, people who invested in genting is looking for long term and don't expect profit before covid settled. they just wan to buy at lowest possible price to maximize the profit say 2 yrs later hopefully?
Tourism got a long. long. long way to go for recovery. and with little to no money in the reserve (soon i believe)...genting will be very vulnerable. so..catch the rebound, it's ok if you miss out making some money during the bounce back. we don't know the company's actual position. Genting haven't faced a challenge like this.
Hope will not be the next “Empire” for GenM...i really dont like this practices...shall invest in money making company please...dont buy this kind of “empire”...
Edwin, unlucky for Genting. I think this is first time they facing even last time SARS and H1N1 also not serious until this level. Actually long way to go for them to recover. If bad luck a little bit, global economic crisis, then will be another way round. I'm already in GENM, for those yet to in, pls calculate ur own risk whether can keep for next few year.
Jack, actually GENM is tender for this New York casino last time, but not success. unfortunately, Kien Huat major shareholders empire resort win the bid. that time actually is a good deal with ready casino, with cheaper price for genm to invest. actually for first Q1 Resort world Catskill did a good job. after that facing covid 19 case close until now. with this current condition Genm more difficult to turn around RWC already.
