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you're right Steven. but whenever I raised this up, no one seems willing to address this directly. it's a real risk until proven otherwise. those ppl are crazy
Agree Daniel. GENT could have easily branch out into Data center and hospital business. both are profitable and fetch high attention, which can better boost share price than more casinos
Daniel. The question for GENT is about derisking and survival. They have no choice but to move out despite heavy cost and high risk. As you know the gambling business in Malaysia is always under threat of closure. Look at Toto and Magnum.
in fact, i feel that GENT doesn't want it's share price to be high as to not attract attention from the religious bigot. You can imagine the spin in media by a certain bigotry politicians on how can Malaysia allows a "gambling" company to play a significant role in Bursa
That'll be even worse. I can tell GENT doesn't care about the share price now. it's goal is to expand outside regardless of the cost to guard against the possible morality police in Malaysia if a certain party came to power. This is a real risk. Pahang is at borderline losing ground. Selangor isn't that safe too. Not sure the current Malaysia casino is at which state
As I said, GENT is severely lacking of impactful and undisputed good results. Notwithstanding the analysis by Cheng, the improvement is marginal and not significant. At the end of the day, the fact is net profit drops 55%. In my opinion, harping on EBITDA is also not good enough. You may have improving or high EBITDA, but the moment you reported low net profit, that's the undisputed poor performance indicator. If looking beyond the surface number is helpful to share price, will not be at rm2.5
Good resilience shown by GENT share price despite poor showing of GENS result. If this is sustainable, it means the share price has effectively bottomed out. not much downside and plenty of upside awaits
