Eddy Khoo's comment on GENTING. All Comments

Eddy Khoo
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genting has become the sick man of Bursa.
cheng
post fear phase and currently in anger/depression phase; the emotional cycle if you will. gonna take awhile before entering hope/recovery phase
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Eddy Khoo
that would probably in June when it announce the opening of NY casino and also decision on Taurx drug.
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Eddy Khoo
meanwhile still have 4 more months of getting sick
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Vin Vin
I think genting will privatise Genm first before start moving...
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cheng
Spin off US assets as GenUS instead of dragging SG and MY assets. Use the gains from the US listing to pare down the debt and future capex needs.
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Vin Vin
I hope this coming FLNG will bring gent more profit...
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cheng
first drop of LNG targeted by second half of this year, Vin. And, more capex needed along the way for O&G segment. LKT needs to sort out the mess with regards to the US assets asap - high investment low returns; less than 20% ebitda margins is horrible
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Eddy Khoo
wonder if the same approach of Feb 2025 would occur again by declaring big losses for both GenM and Genting after CNY.
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cheng
Unlikely, Eddy. foreign exchange rates trending in q4'25 is favorable compared to q4'24.
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cheng
You can use the following link to get a feel on the overall situation at Las Vegas Strip area where RWLV is located. Retrieve Dec ggr report and go to page 12 and look at the 3 months and 12 months yoy pc change. Its flattish and not worsening. Retrieve the Sep ggr report if you are comparing q4 and q3. https://www.gaming.nv.gov/about-us/gaming-revenue-information-gri/
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2 Like · 4 days · translate
Eddy Khoo
I'm not that optimistic that the genting boss would let the share price to appreciate for now until the end of Q2 when he could propose the take over again for GenM.
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cheng
we will know the shareholdings of GenM when the annual report is released. Most funds/institutions would have exited GenM given Gent's 73+ pc shareholdings.
4 Like · 4 days · translate
cheng
Not much news or updates on the Sullivan County purchase of non-gaming assets of Resorts World Catskills. This purchase has to go through in order for Empire Resorts to redeem the 300mil bond due end of this year.
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Eddy Khoo
don't expect much just as like what happened with Miami land sales. claimed to have a lot of interests and some even willing to bid for high price..after 3 years, nothing happened.
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cheng
understandable, Eddy. following are my perspectives - I believed the emotional cycle for Gent is at anger/depression phase which means market is at the bottom. I am looking for transition/start of hope/recovery phase. The recent rating agencies downgrade of Gent did not push it to a new low; sep'25 double bottom. It seems to me the following (1) price no longer making lower lows (2) downgrades/bad news unable to push it lower (3) currently developing - low volatility, sellers exhausted, buyers defending double bottom. Technical seems to show hope phase is underway. This has to be supported by fundamentals and in this case; the performance of US assets - the earnings of US assets are weak/poor ebitda margins in the past and I am looking for signs that its stabilizing and not making lower ebitda margins / higher losses to confirm the bottom if you will.
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cheng
Genting Singapore is expected to sharpen its operational performance at Resorts World Sentosa (RWS) following a series of senior management appointments and the completion of major renovations, according to an assessment by DBS Bank.
The report highlights the arrival of Si Chen as Chief Operating Officer in November 2025. Chen, formerly head of INSPIRE Entertainment in South Korea, is credited with steering that resort to profitability within its first year.
DBS said the executive’s experience and network could help RWS attract international events and high-value customers from markets including Russia, Taiwan and Japan. ‘We believe Chen’s appointment will help RWS to strengthen its international appeal and broaden its customer base,’ the bank noted.
Other hires, such as Lena Lee – who joined as Executive Vice President for Attractions and Destination Experience in January are expected to boost the property’s attractiveness. Previously with Universal Studios Japan, Lee is expected to reinvigorate Universal Studios Singapore, which has struggled to maintain visitor momentum.
DBS wrote: ‘Lee’s track record in revitalizing attractions is encouraging, and her leadership could be pivotal in refreshing the destination experience at RWS.’
The bank added that Genting Singapore’s renovations at RWS are largely complete, positioning the resort to defend and potentially expand market share in 2026.
It also pointed to strong Chinese New Year tourism and increased flight capacity from China as factors likely to boost gaming volumes in the first quarter. ‘With the bulk of renovations behind them, RWS is better placed to capture incremental demand,’ the report stated.
Industry trends also appear supportive. While Genting Singapore has ceded some market share to rival Marina Bay Sands, DBS said the broader gaming environment remains constructive, reducing concerns of a repeat of the sharp volume decline seen in late 2024.
The bank expects Genting Singapore’s EBITDA to rise modestly this year, driven by stronger gaming contributions, though softer hotel room rates may weigh on profitability.
‘Operational improvement is required to sustain higher performance, but early signs are encouraging,’ DBS concluded.
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cheng
RAV Bahamas's legal team quit and stop representing them - PAPERLESS ORDER granting153 Motion to Withdraw as Attorney. It is hereby ORDEREDAttorneys Alexander Esteban, Robert Gallinar, Javier Angel Reyes, Armando Rosquete, Veronica Maria Vicente, and Bell Rosquete Reyes Esteban, PLLC are hereby withdrawn as counsel for Plaintiff in this case.
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