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alanchee Senior	17-Oct-2024 13:57        alanchee About Contact  Quote this Post!
x 0   x 0  Alert Admin	attractive yield alanchee      ( Date: 17-Oct-2024 13:56) Posted: Very safe stock with strong earnings and attractive. Quietly confident that sp will rise above $1, only matter of time Delvyss      ( Date: 17-Oct-2024 11:04) Posted: Component stocks are moving in tandem with market sentiment. I believe this one will not be left behind
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alanchee Senior	17-Oct-2024 13:56        alanchee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very safe stock with strong earnings and attractive. Quietly confident that sp will rise above $1, only matter of time Delvyss      ( Date: 17-Oct-2024 11:04) Posted: Component stocks are moving in tandem with market sentiment. I believe this one will not be left behind. alanchee      ( Date: 17-Oct-2024 10:51) Posted: just added more at this price yesterda
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Delvyss Elite	17-Oct-2024 11:04        Delvyss About Contact  Quote this Post!
x 0   x 0  Alert Admin	Component stocks are moving in tandem with market sentiment. I believe this one will not be left behind. alanchee      ( Date: 17-Oct-2024 10:51) Posted: just added more at this price yesterday Delvyss      ( Date: 17-Oct-2024 09:17) Posted: Interesting.  Hit high of 90 just few sessions ago. Now 85, no takers ?
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alanchee Senior	17-Oct-2024 10:51        alanchee About Contact  Quote this Post!
x 0   x 0  Alert Admin	just added more at this price yesterday Delvyss      ( Date: 17-Oct-2024 09:17) Posted: Interesting.  Hit high of 90 just few sessions ago. Now 85, no takers ?
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fuzzyshares Veteran	17-Oct-2024 09:59        fuzzyshares About Contact  Quote this Post!
x 0   x 0  Alert Admin	Different family but same father. (Bloomberg) -- Genting Malaysia shares decline after its US-based unit was named in a complaint filed by RAV Bahamas Ltd., which is seeking damages of more than $600 million. The shares slide as much as 3.1% to the lowest since November 2020 trading volume is 1.4x of a three-month, full-day average The stock fell 3.4% on Monday
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Delvyss Elite	17-Oct-2024 09:17        Delvyss About Contact  Quote this Post!
x 0   x 0  Alert Admin	Interesting.  Hit high of 90 just few sessions ago. Now 85, no takers ?
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Delvyss Elite	16-Oct-2024 13:49        Delvyss About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ok, I see, different entity.  Thought just some kind of indirect link, like they are both part of Genting Group. pursuer76      ( Date: 16-Oct-2024 13:36) Posted: Different legal entity. Also don' t know this joker post the news for what. Delvyss      ( Date: 16-Oct-2024 13:17) Posted: Just curious, can share how is this link to Genting Singapore
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pursuer76 Veteran	16-Oct-2024 13:36        pursuer76 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Different legal entity. Also don' t know this joker post the news for what. Delvyss      ( Date: 16-Oct-2024 13:17) Posted: Just curious, can share how is this link to Genting Singapore? Aceking      ( Date: 15-Oct-2024 16:57) Posted: Blogs Headlines CEO Morning Brief GenM US Unit Says RAV Bahamas? Complaint Baseless in US$600 Mil Lawsuit edgeinvest Publish date: Tue, 15 Oct 2024, 10:09 AM RAV Bahamas Ltd is suing Genting Malaysia Bhd?s indirect wholly owned subsidiary Genting Americas Inc for damages of more than US$600 million (RM2.57 billion) in the US District Court Southern District of Florida over its operations of Resorts World Bimini (RW Bimini) in the Bahamas. KUALA LUMPUR (Oct 14): Genting Malaysia Bhd (KL:GENM) said its unit in the US has been named in a complaint filed by RAV Bahamas Ltd in the US District Court Southern District of Florida. The complaint, filed on Oct 7, named GenM?s indirect wholly owned subsidiary Genting Americas Inc, which is involved in the operations of Resorts World Bimini (RW Bimini) in the Bahamas, of which RAV Bahamas is seeking damages of more than US$600 million (RM2.57 billion), according to its filing to Bursa Malaysia on Monday. The casino operator, however, did not elaborate on the damages that were filed by the plaintiff. RW Bimini is owned and operated by BB Entertainment Ltd, in which GenM indirectly holds a 78% stake, while RAV Bahamas holds the remaining 22% stake. Genting Americas, which is incorporated in Delaware in the US, is an affiliate company of BB Entertainment. ?Genting Americas is of the view that the complaint is baseless and totally without merit and will vigorously defend against the complaint,? GenM said. GenM said that it will make further announcements when there are material developments on the above matter, it added. RAV Bahamas in its lawsuit claimed that Genting Americas has turned the RW Bimini project into a ?financial wasteland? by dumping onto it almost a billion dollars in debt, Bahamas? news portal The Tribune reported on Oct 9. ?To date, BB Entertainment has not distributed any profits to RAV from this venture because Genting Americas, who controls BB Entertainment?s finances, has used BB Entertainment as its financial wasteland,? the report said, citing the lawsuit filed by RAV Bahamas. ?Through its stranglehold over BB Entertainment and its finances, Genting Americas has used BB Entertainment to conceal a medley of fraudulent activities,? it said. RW Bimini has consistently incurred annual losses amounting to tens of millions of dollars since RAV Bahamas partnered with Genting Americas in 2012, the news portal said, citing BB Entertainment?s financial statements. Meanwhile, BB Entertainment?s auditor Ernst & Young (EY) has also expressed its material uncertainty related to the group's ability to continue as a going concern, as the group incurred a net loss of US$151.28 million during the year ended Dec 31, 2022. BB Entertainment also recorded a US$114.2 million loss in 2021 and US$105.6 million loss in 2020. By end-2022 the operating entity had accrued liabilities of US$885.2 million. Shares of GenM were traded eight sen or 3.4% lower at RM2.27 at 3.38pm, valuing the group at RM13.48 billion. Source: TheEdge - 15 Oct 2024
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Delvyss Elite	16-Oct-2024 13:17        Delvyss About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just curious, can share how is this link to Genting Singapore? Aceking      ( Date: 15-Oct-2024 16:57) Posted: Blogs Headlines CEO Morning Brief GenM US Unit Says RAV Bahamas? Complaint Baseless in US$600 Mil Lawsuit edgeinvest Publish date: Tue, 15 Oct 2024, 10:09 AM RAV Bahamas Ltd is suing Genting Malaysia Bhd?s indirect wholly owned subsidiary Genting Americas Inc for damages of more than US$600 million (RM2.57 billion) in the US District Court Southern District of Florida over its operations of Resorts World Bimini (RW Bimini) in the Bahamas. KUALA LUMPUR (Oct 14): Genting Malaysia Bhd (KL:GENM) said its unit in the US has been named in a complaint filed by RAV Bahamas Ltd in the US District Court Southern District of Florida. The complaint, filed on Oct 7, named GenM?s indirect wholly owned subsidiary Genting Americas Inc, which is involved in the operations of Resorts World Bimini (RW Bimini) in the Bahamas, of which RAV Bahamas is seeking damages of more than US$600 million (RM2.57 billion), according to its filing to Bursa Malaysia on Monday. The casino operator, however, did not elaborate on the damages that were filed by the plaintiff. RW Bimini is owned and operated by BB Entertainment Ltd, in which GenM indirectly holds a 78% stake, while RAV Bahamas holds the remaining 22% stake. Genting Americas, which is incorporated in Delaware in the US, is an affiliate company of BB Entertainment. ?Genting Americas is of the view that the complaint is baseless and totally without merit and will vigorously defend against the complaint,? GenM said. GenM said that it will make further announcements when there are material developments on the above matter, it added. RAV Bahamas in its lawsuit claimed that Genting Americas has turned the RW Bimini project into a ?financial wasteland? by dumping onto it almost a billion dollars in debt, Bahamas? news portal The Tribune reported on Oct 9. ?To date, BB Entertainment has not distributed any profits to RAV from this venture because Genting Americas, who controls BB Entertainment?s finances, has used BB Entertainment as its financial wasteland,? the report said, citing the lawsuit filed by RAV Bahamas. ?Through its stranglehold over BB Entertainment and its finances, Genting Americas has used BB Entertainment to conceal a medley of fraudulent activities,? it said. RW Bimini has consistently incurred annual losses amounting to tens of millions of dollars since RAV Bahamas partnered with Genting Americas in 2012, the news portal said, citing BB Entertainment?s financial statements. Meanwhile, BB Entertainment?s auditor Ernst & Young (EY) has also expressed its material uncertainty related to the group's ability to continue as a going concern, as the group incurred a net loss of US$151.28 million during the year ended Dec 31, 2022. BB Entertainment also recorded a US$114.2 million loss in 2021 and US$105.6 million loss in 2020. By end-2022 the operating entity had accrued liabilities of US$885.2 million. Shares of GenM were traded eight sen or 3.4% lower at RM2.27 at 3.38pm, valuing the group at RM13.48 billion. Source: TheEdge - 15 Oct 2024
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pursuer76 Veteran	16-Oct-2024 13:12        pursuer76 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seems like SS is trying to break 0.85 support level. Been sliding after hitting 0.90. Sad!
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Mark001 Veteran	16-Oct-2024 11:22        Mark001 About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Nothing to do with Genting SP. Aceking      ( Date: 15-Oct-2024 16:57) Posted: Blogs Headlines CEO Morning Brief GenM US Unit Says RAV Bahamas? Complaint Baseless in US$600 Mil Lawsuit edgeinvest Publish date: Tue, 15 Oct 2024, 10:09 AM RAV Bahamas Ltd is suing Genting Malaysia Bhd?s indirect wholly owned subsidiary Genting Americas Inc for damages of more than US$600 million (RM2.57 billion) in the US District Court Southern District of Florida over its operations of Resorts World Bimini (RW Bimini) in the Bahamas. KUALA LUMPUR (Oct 14): Genting Malaysia Bhd (KL:GENM) said its unit in the US has been named in a complaint filed by RAV Bahamas Ltd in the US District Court Southern District of Florida. The complaint, filed on Oct 7, named GenM?s indirect wholly owned subsidiary Genting Americas Inc, which is involved in the operations of Resorts World Bimini (RW Bimini) in the Bahamas, of which RAV Bahamas is seeking damages of more than US$600 million (RM2.57 billion), according to its filing to Bursa Malaysia on Monday. The casino operator, however, did not elaborate on the damages that were filed by the plaintiff. RW Bimini is owned and operated by BB Entertainment Ltd, in which GenM indirectly holds a 78% stake, while RAV Bahamas holds the remaining 22% stake. Genting Americas, which is incorporated in Delaware in the US, is an affiliate company of BB Entertainment. ?Genting Americas is of the view that the complaint is baseless and totally without merit and will vigorously defend against the complaint,? GenM said. GenM said that it will make further announcements when there are material developments on the above matter, it added. RAV Bahamas in its lawsuit claimed that Genting Americas has turned the RW Bimini project into a ?financial wasteland? by dumping onto it almost a billion dollars in debt, Bahamas? news portal The Tribune reported on Oct 9. ?To date, BB Entertainment has not distributed any profits to RAV from this venture because Genting Americas, who controls BB Entertainment?s finances, has used BB Entertainment as its financial wasteland,? the report said, citing the lawsuit filed by RAV Bahamas. ?Through its stranglehold over BB Entertainment and its finances, Genting Americas has used BB Entertainment to conceal a medley of fraudulent activities,? it said. RW Bimini has consistently incurred annual losses amounting to tens of millions of dollars since RAV Bahamas partnered with Genting Americas in 2012, the news portal said, citing BB Entertainment?s financial statements. Meanwhile, BB Entertainment?s auditor Ernst & Young (EY) has also expressed its material uncertainty related to the group's ability to continue as a going concern, as the group incurred a net loss of US$151.28 million during the year ended Dec 31, 2022. BB Entertainment also recorded a US$114.2 million loss in 2021 and US$105.6 million loss in 2020. By end-2022 the operating entity had accrued liabilities of US$885.2 million. Shares of GenM were traded eight sen or 3.4% lower at RM2.27 at 3.38pm, valuing the group at RM13.48 billion. Source: TheEdge - 15 Oct 2024
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Alignment Elite	15-Oct-2024 20:06        Alignment About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	This does not seem to be relevant to Genting SIngapore.
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Aceking Member	15-Oct-2024 16:57        Aceking About Contact  Quote this Post!
x 0   x 0  Alert Admin	Blogs Headlines CEO Morning Brief GenM US Unit Says RAV Bahamas? Complaint Baseless in US$600 Mil Lawsuit edgeinvest Publish date: Tue, 15 Oct 2024, 10:09 AM RAV Bahamas Ltd is suing Genting Malaysia Bhd?s indirect wholly owned subsidiary Genting Americas Inc for damages of more than US$600 million (RM2.57 billion) in the US District Court Southern District of Florida over its operations of Resorts World Bimini (RW Bimini) in the Bahamas. KUALA LUMPUR (Oct 14): Genting Malaysia Bhd (KL:GENM) said its unit in the US has been named in a complaint filed by RAV Bahamas Ltd in the US District Court Southern District of Florida. The complaint, filed on Oct 7, named GenM?s indirect wholly owned subsidiary Genting Americas Inc, which is involved in the operations of Resorts World Bimini (RW Bimini) in the Bahamas, of which RAV Bahamas is seeking damages of more than US$600 million (RM2.57 billion), according to its filing to Bursa Malaysia on Monday. The casino operator, however, did not elaborate on the damages that were filed by the plaintiff. RW Bimini is owned and operated by BB Entertainment Ltd, in which GenM indirectly holds a 78% stake, while RAV Bahamas holds the remaining 22% stake. Genting Americas, which is incorporated in Delaware in the US, is an affiliate company of BB Entertainment. ?Genting Americas is of the view that the complaint is baseless and totally without merit and will vigorously defend against the complaint,? GenM said. GenM said that it will make further announcements when there are material developments on the above matter, it added. RAV Bahamas in its lawsuit claimed that Genting Americas has turned the RW Bimini project into a ?financial wasteland? by dumping onto it almost a billion dollars in debt, Bahamas? news portal The Tribune reported on Oct 9. ?To date, BB Entertainment has not distributed any profits to RAV from this venture because Genting Americas, who controls BB Entertainment?s finances, has used BB Entertainment as its financial wasteland,? the report said, citing the lawsuit filed by RAV Bahamas. ?Through its stranglehold over BB Entertainment and its finances, Genting Americas has used BB Entertainment to conceal a medley of fraudulent activities,? it said. RW Bimini has consistently incurred annual losses amounting to tens of millions of dollars since RAV Bahamas partnered with Genting Americas in 2012, the news portal said, citing BB Entertainment?s financial statements. Meanwhile, BB Entertainment?s auditor Ernst & Young (EY) has also expressed its material uncertainty related to the group's ability to continue as a going concern, as the group incurred a net loss of US$151.28 million during the year ended Dec 31, 2022. BB Entertainment also recorded a US$114.2 million loss in 2021 and US$105.6 million loss in 2020. By end-2022 the operating entity had accrued liabilities of US$885.2 million. Shares of GenM were traded eight sen or 3.4% lower at RM2.27 at 3.38pm, valuing the group at RM13.48 billion. Source: TheEdge - 15 Oct 2024
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n3wbie Elite	13-Oct-2024 15:58        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Was referencing its 2012 prospectus when this was issued, it was primarily for financing of RWS. Dont recall that they raised any perps or bonds for Japan casino. As of now, they dont have any outstanding perps or bonds Goldfinger      ( Date: 13-Oct-2024 14:53) Posted: Do you recall if this was for the Japan Casino, and if they reduced dividend payments to pay down the PERPS? n3wbie      ( Date: 13-Oct-2024 14:17) Posted: Hi, I believe you are referring to the $1.8b and $500m perps issued at 5.125% but these were already called and redeemed in 2017. https://www.bondsupermart.com/main/file-depository/download-file?paramCategory=bondCorpDocument& paramDocumentNo=91
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Goldfinger Supreme	13-Oct-2024 14:53        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Do you recall if this was for the Japan Casino, and if they reduced dividend payments to pay down the PERPS? n3wbie      ( Date: 13-Oct-2024 14:17) Posted: Hi, I believe you are referring to the $1.8b and $500m perps issued at 5.125% but these were already called and redeemed in 2017. https://www.bondsupermart.com/main/file-depository/download-file?paramCategory=bondCorpDocument& paramDocumentNo=91 Goldfinger      ( Date: 13-Oct-2024 11:41) Posted: I am a long term holder. But, IIRC they issued a big sum of PERPS at high interest rates to raise money for the Japan casino project and withheld dividends some years. So now that Japan is aborted, and there are no other concrete plans for new overseas casinos, and they are still sitting on the huge pile of cash, over SGD 3 billion. -  they should now return that gradually to minority shareholders. Otherwise is this really fair???  I think they are funding the RWS 2.0 through operating revenues...
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n3wbie Elite	13-Oct-2024 14:17        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Hi, I believe you are referring to the $1.8b and $500m perps issued at 5.125% but these were already called and redeemed in 2017. https://www.bondsupermart.com/main/file-depository/download-file?paramCategory=bondCorpDocument& paramDocumentNo=91 Goldfinger      ( Date: 13-Oct-2024 11:41) Posted: I am a long term holder. But, IIRC they issued a big sum of PERPS at high interest rates to raise money for the Japan casino project and withheld dividends some years. So now that Japan is aborted, and there are no other concrete plans for new overseas casinos, and they are still sitting on the huge pile of cash, over SGD 3 billion. -  they should now return that gradually to minority shareholders. Otherwise is this really fair???  I think they are funding the RWS 2.0 through operating revenues... n3wbie      ( Date: 13-Oct-2024 10:01) Posted: Agreed with your thesis. From a downside protection perspective, dividends are a good stopper. 1H24 divs increased to 2c/share from 1.5c/share in 1H23 and even if we use a base assumption that 2H24 maintains at 2c/share, a total of 4c gives a yield of 4.6% presently. This outperforms our t-bills with a spread of ~100bps. Yes, there may be equity risk but company has no debt and $3.8b net cash on its balance sheet so that caps downside risks and exposure. From a growth perspective, there are few openings in 2H24 and then 1H25 so depending on your investment horizon, it is a matter of time that these translate to EPS growth. Would be keen to learn of the footfall and performance of golden week holidays and if GENS drew in the Chinese visitors during that period but the company is going into its seasonally strong 4Q with holiday season coming up.   Happy Sunday everyone
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Goldfinger Supreme	13-Oct-2024 11:41        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am a long term holder. But, IIRC they issued a big sum of PERPS at high interest rates to raise money for the Japan casino project and withheld dividends some years. So now that Japan is aborted, and there are no other concrete plans for new overseas casinos, and they are still sitting on the huge pile of cash, over SGD 3 billion. -  they should now return that gradually to minority shareholders. Otherwise is this really fair???  I think they are funding the RWS 2.0 through operating revenues... n3wbie      ( Date: 13-Oct-2024 10:01) Posted: Agreed with your thesis. From a downside protection perspective, dividends are a good stopper. 1H24 divs increased to 2c/share from 1.5c/share in 1H23 and even if we use a base assumption that 2H24 maintains at 2c/share, a total of 4c gives a yield of 4.6% presently. This outperforms our t-bills with a spread of ~100bps. Yes, there may be equity risk but company has no debt and $3.8b net cash on its balance sheet so that caps downside risks and exposure. From a growth perspective, there are few openings in 2H24 and then 1H25 so depending on your investment horizon, it is a matter of time that these translate to EPS growth. Would be keen to learn of the footfall and performance of golden week holidays and if GENS drew in the Chinese visitors during that period but the company is going into its seasonally strong 4Q with holiday season coming up.   Happy Sunday everyone! Nippon72      ( Date: 13-Oct-2024 09:49) Posted: From a purist angle, peasant investors like us can only infer from charts, insider sharing or co news or results how a shares will likely perform. We with our thin pockets cannot affect the prices if the big buyers decide otherwise.  So we can only follow the trend. The only advantage we have is being nimble thats all. I have treated GenSP mainly as my divvy counter + abit of cap growth stock.  So long it beats the CPF SA returns by 1.5 - 2x I am happy.  Vested for the long haul.
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n3wbie Elite	13-Oct-2024 10:01        n3wbie About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Agreed with your thesis. From a downside protection perspective, dividends are a good stopper. 1H24 divs increased to 2c/share from 1.5c/share in 1H23 and even if we use a base assumption that 2H24 maintains at 2c/share, a total of 4c gives a yield of 4.6% presently. This outperforms our t-bills with a spread of ~100bps. Yes, there may be equity risk but company has no debt and $3.8b net cash on its balance sheet so that caps downside risks and exposure. From a growth perspective, there are few openings in 2H24 and then 1H25 so depending on your investment horizon, it is a matter of time that these translate to EPS growth. Would be keen to learn of the footfall and performance of golden week holidays and if GENS drew in the Chinese visitors during that period but the company is going into its seasonally strong 4Q with holiday season coming up.   Happy Sunday everyone! Nippon72      ( Date: 13-Oct-2024 09:49) Posted: From a purist angle, peasant investors like us can only infer from charts, insider sharing or co news or results how a shares will likely perform. We with our thin pockets cannot affect the prices if the big buyers decide otherwise.  So we can only follow the trend. The only advantage we have is being nimble thats all. I have treated GenSP mainly as my divvy counter + abit of cap growth stock.  So long it beats the CPF SA returns by 1.5 - 2x I am happy.  Vested for the long haul.
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Nippon72 Veteran	13-Oct-2024 09:49        Nippon72 About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Dude, is ALWAYS Time in the market than Timing the market! "
x 0   x 0  Alert Admin	From a purist angle, peasant investors like us can only infer from charts, insider sharing or co news or results how a shares will likely perform. We with our thin pockets cannot affect the prices if the big buyers decide otherwise.  So we can only follow the trend. The only advantage we have is being nimble thats all. I have treated GenSP mainly as my divvy counter + abit of cap growth stock.  So long it beats the CPF SA returns by 1.5 - 2x I am happy.  Vested for the long haul.
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Mark001 Veteran	11-Oct-2024 12:46        Mark001 About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Ya, the power of Institutions can affect stock price.As a retail investor, we have to follow the trend. Genting SP' s divident is still good and worth looking forward to. My own opinion. fuzzyshares      ( Date: 11-Oct-2024 12:03) Posted: My thoughts on the power of institutions. Before the announcement of the excellent 1st quarter 2024 results it was institutional selling that brought GS down from above a dollar to the low 90s'. Even with the excellent results, GS could not maintain the momentum and more selling ensued until the decent but good 2nd quarter 2024 results saved it, but only after hitting 52-week low. GS is a gaming stock so expect more plays.
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