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Genting Sing
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Giant collapse soon
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uiop1223
Supreme |
28-Aug-2020 09:07
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Short if Genting sg give loan to Genting Hk.. just like SCI to SMM previously. If not, no pt shorting atm | |||
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1963411
Senior |
28-Aug-2020 08:58
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thanks for sharing. Are  you vested/ shorting?
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wait4opp
Master |
27-Aug-2020 14:36
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Genting Business Empire Founded on Breezy Malaysian Hilltop Is Stumbling    (Bloomberg) -- One of Southeast Asia&rsquo s biggest conglomerates faces its gravest challenge yet as the pandemic roils Genting group&rsquo s collection of casinos, cruises and resorts. Cracks were already starting to show even before cruise operator Genting Hong Kong Ltd. said it would suspend payments to creditors. This week, the group holding company and a Malaysian unit could show some of their worst declines to earnings as second-quarter results are due.  
Earnings Estimates for 2020
Genting adds to a growing list of global business empires whose reliance on travel and leisure made them vulnerable to border closures and restrictions imposed by countries seeking to curb the spread of the coronavirus. The conglomerate has resorted to unprecedented moves to adapt, including embarking on its first group-wide pay cuts and shrinking its workforce at its Malaysian unit. &ldquo There&rsquo s a risk of course of a related party transaction with one of the Genting group bailing out Genting HK and if that happens, then clearly the group can be hurt,&rdquo said Mak Yuen Teen, associate professor at the National University of Singapore Business School, who specializes in corporate governance. |
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