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1.88 or 1.82 will be nice numbers :-| Notwithstanding additional revenue, cost structure will be very high and competition stiff for RWNYC and Genting should have known from their previous foray into Empire Inc. Only an US asset listing can reduce overall risks and quickly pare down on the hefty company borrowings and finance costs.
psychological support price at rm2. if this is broken this week, easily rm1.70-1.80 soon. just wondering why still no margin calls on the boss pledged shares.
tis LKT has no luck in betting BIG, not like his late father. No more feng shui for their family coz his biz has destroyed a lot of ppl & families. Now, they need to repay back all the monies to innocent ppl...hahaha
Fitch Ratings lowered credit ratings of gaming giant Genting Bhd and its two subsidiaries, citing elevated debt levels amid heavy capital spending. Borrowings cost will get even more expensive.
this genting has lot of assets it could sell to par down the debts. instead it chose not to even there are buyers such as for the Miami land and also the latest non gaming assets in US.