in the short term genting may go up I believe lah, in the long
term I doubt. If they get the IR it means they have to construct
the casino, constructing it cost billions of dollars that means the
money the got from the IPO and mebbe have to issue some more rights
shares to fund it, if you take money out from a company what
happens to the share price?
it goes down not up.
after constructing and commence operation then only they start to
earn back that outlay of few billion dollar investment. That may
take few years to recover, + the few years it takes to construct
the casino we toking abt close to 6-7yrs before they become clear
and really profitable?
In the meantime my money can rolling elsewhere, c u in 6 years
time.