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the glove industry no longer like pre COVID time. now it s more on R&D and see who could produce quality gloves with lower cost since there are more supplies than demands. in fact, china own domestic gloves consumption is so low. until china own domestic consumption becomes higher like EU, they would cont to dump the gloves to non US market.
well Michael, Genting share is like that Big small game. when we bet big, it open small, when we bet small it open big. when we bet big and small, it opens triple 6. don't need to see its financial or rationale much, it s all under the mercy of the boss and what he wanna open next. I entered and exited Genting for 3 years and it never made biz sense to me since then.
worst case scenario...best case, boss offered higher price for privatization, all the non casino assets in US suddenly completed and disposed off, Miami land suddenly comes with high bidder, Taurx HMTM gets approval by June 2026. then Genting fly up to rm5+++. would this sound better? haha
another big impairment will come next month to push down both Genting and GenM price. just wait and see. that s how the lim boss play and empty everyone pockets for himself.
possible another 100mil ++ losses. it means something is really wrong with the management as all other gloves companies already broke even and making small profits for the past 4 quarters.
