Posted by pangolin > 2 weeks ago | Report Abuse

2.81 cost price , still long long way to go..25c more to go

Posted by PassionateInvestor > 2 weeks ago | Report Abuse

https://hype.my/2023/348848/video-visitors-at-genting-skyworlds-theme-park-stranded-mid-ride-due-to-technical-issues/
If GenM is really serious about improving their bottom-line then they seriously need to get the house in order.

Posted by hng33 > 2 weeks ago | Report Abuse

bought genm at 2.51

Posted by facsc118 > 2 weeks ago | Report Abuse

some one last minute selling

Posted by speakup > 2 weeks ago | Report Abuse

Someone in Genting gonna get fired for the park mishap

Posted by i3lurker > 2 weeks ago | Report Abuse

they did it to get free publicity mah

just like HK movie stars crash cars and take drugs to appear on newspaper

Posted by Income > 1 week ago | Report Abuse

Wasting money to crash your car to get movies star’s free publicity.

Celebrities Just need to fake divorce to get free publicity la. Blink Blink



i3lurker
they did it to get free publicity mah

just like HK movie stars crash cars and take drugs to appear on newspaper
15/09/2023 6:40 PM

Posted by Income > 1 week ago | Report Abuse

This is the darling b4 Covid. Now, look a bit further into other stocks

Posted by Income > 1 week ago | Report Abuse

Play computer games

Posted by Income > 1 week ago | Report Abuse

What happened here…

Posted by DividendGuy67 > 1 week ago | Report Abuse

@nepo, thanks for sharing. However Maybank IB may be working alone and not have the support of others yet. Still hasn't seen signs of accumulation by the market. This one must be patient.

The real question mark for dividend investors is the next dividend that's usually paid in April. Will earnings be good enough to support 9 sen like last year? If earnings are not good enough to support 9 sen dividend, then, there will be a dividend cut and notwitstanding all the good news promoted by Maybank IB, if it cuts dividends, it means something is wrong. By right good news should give good dividends, not cutting dividends.

I still accumulate at lower prices (subject to maximum portfolio limits) but with no signs of accumulation, this one can be a long wait.

Posted by DividendGuy67 > 1 week ago | Report Abuse

When analyzing GENM, one must remember to subtract the huge depreciation and amortization which is not a real loss in the current year, but refers to the past. In H1/23, the depreciation is 618m, larger than total dividend bill of 510m (6 sen). So, as GENM turns to profit in Q2/23, it means its cash should grow i.e. 6 sen is clearly supportable.

If it sustains/improve its performance by year end, then, the 9 sen appears supportable but it will have to dip into its growing cash in H1, to pay the 9 sen for H2.

And if I keep getting 15 sen per year, the dividend yield of 6% (at current price of 2.51) is good enough for me to keep in my drawer. Still beats EPF, albeit at potentially higher risk (but also higher potential reward later), notwitstanding it is still not showing any signs of accumulations.

Professional investors can't afford to accumulate stocks that sits still. But individual investors can. I don't mind getting paid 6% p.a. returns whilst waiting.

IMHO, this company is solid enough to keep adding when price goes lower.

Posted by DividendGuy67 > 1 week ago | Report Abuse

For disclosure, my holding is still underweighted, at 2.1% of my portfolio.

Posted by Bmw X5 > 1 week ago | Report Abuse

https://fortune.com/2023/09/16/casino-cyber-attacks-leave-visitors-unsettled-slot-machines-dark/

Posted by Bmw X5 > 1 week ago | Report Abuse

casino greatess fear has happpened in Vegas now

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 week ago | Report Abuse

YEAR .. DPS(SEN) .. EPS(SEN) .. YEPX
2009 .. 5.25 .. 23.42 .. 2.81
2010 .. 5.93 .. 23.77 .. 3.39
2011 .. 6.15 .. 26.32 .. 3.83
2012 .. 6.45 .. 27.03 .. 3.55
2013 .. 6.98 .. 27.38 .. 4.38
2014 .. 6.9 .. 20.02 .. 4.07
2015 .. 6.3 .. 17.87 .. 4.38
2016 .. 7.3 .. 27.01 .. 4.58
2017 .. 17.5 .. 22.99 .. 5.63
2018 .. 19 .. 31.83 .. 3.02
2019 .. 19 .. 20.35 .. 3.29
2020 .. 20 .. -38.36 .. 2.69
2021 .. 8.5 .. -17.46 .. 2.88
2022 .. 15 .. 2.6 .. 2.69

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 1 week ago | Report Abuse

GENM

Year EBITDA (million)
2022 2,288
2021 551
2020 314
2019 2,593
2018 2,766

Posted by speakup > 1 week ago | Report Abuse

https://theedgemalaysia.com/node/681995
interesting development

Posted by Income > 1 week ago | Report Abuse

Speakup, wow.

Posted by Michael_chan2022 > 1 week ago | Report Abuse

https://www.channelnewsasia.com/singapore/air-travel-singapore-china-strong-recovery-more-time-reach-pre-covid-19-levels-changi-airport-3779331?cid=internal_sharetool_androidphone_19092023_cna

Air travel between Singapore and China takes off again,

but may need time to reach pre-COVID heights

Posted by Michael_chan2022 > 1 week ago | Report Abuse

8月份新中航班增至2600趟次 恢复到疫前76%
https://www.zaobao.com.sg/realtime/singapore/story20230917-1434273

Posted by hng33 > 1 week ago | Report Abuse

cut at 2.52

Posted by Shines > 1 week ago | Report Abuse

@hng33 too fast you cut

Posted by Riaz1954 > 1 week ago | Report Abuse

There are some rumours floating around in U.K. re Taurx progress on regulatory approval! What I hear is that some positive news is around the corner! Let’s see.

Posted by speakup > 1 week ago | Report Abuse

Taurx is Genting lah, not GenM

Posted by Cryptolover > 1 week ago | Report Abuse

https://theedgemalaysia.com/node/683199

TA Securities bets on no gaming tax hike in Budget 2024, top pick Genting

Posted by Income > 1 week ago | Report Abuse

KUALA LUMPUR (Sept 20): CGS-CIMB Research estimated that Genting Malaysia Bhd's (GenM) fair value could rise 8%-14% to RM4.32-RM4.55, if its wholly-owned subsidiary Resorts World New York City's (RWNYC) bid for a US casino licence is successful.
The New York State Gaming Commission has resumed the bidding process for three downstate commercial casino licences, which is seen as an important catalyst for GenM's reassessment, given that RWNYC is among the front runners.
“We believe that should RWNYC win a licence in 2024, the minimum required capital of US$1 billion (RM4.69 billion) could be funded by the potential sales proceeds of its Miami land, for which it has received an offer in excess of US$1.23 billion.

“As such, we estimate this could lift our fair value by 8%-14% to RM4.32-RM4.55,” said the research house in a note on Wednesday.

Posted by Income > 1 week ago | Report Abuse

It’s kambinggggg

Posted by speakup > 1 week ago | Report Abuse

This is super undervalued but cannot fly

Posted by Shines > 1 week ago | Report Abuse

All say only, no action

Posted by Michael_chan2022 > 1 week ago | Report Abuse

Certainly! It will shine soon.

Posted by luckyman > 1 week ago | Report Abuse

US casino licence bid could lift Genting Malaysia’s fair value by 8%-14% to RM4.32-RM4.55, says CGS-CIMB
https://theedgemalaysia.com/node/683222

Posted by speakup > 1 week ago | Report Abuse

this old gem never regain it's shine after pandemic. most company already dah recover, this one still impotent

Posted by Shines > 1 week ago | Report Abuse

Got some good news it will move up abit only, once tge news of the casino licence in hand then all rushing in

Posted by Lilian723 > 1 week ago | Report Abuse

Kindly refrain frm posting unrelated matters. Thks

Posted by Michael_chan2022 > 1 week ago | Report Abuse

https://www.sinchew.com.my/?p=5001994

即接任国家元首 柔苏丹：准备好履行国家义务

Next Agong of Malaysia.
Good for Anwar.
Good for PH.

Posted by speakup > 1 week ago | Report Abuse

Good for Saddiq

Posted by 8u29song > 1 week ago | Report Abuse

already sold land in US to standby.....good chances

Posted by Michael_chan2022 > 1 week ago | Report Abuse

Already sold...? but no news lei

Posted by Shines > 1 week ago | Report Abuse

@8u29 sold already meh?

Posted by DividendGuy67 > 1 week ago | Report Abuse

Patience. GENM dividend yield is nice. I am still expecting next dividend to be 9 sen ex div Mar paid Apr 2024. If true, then, total DPS 15 sen is decent. On current price 2.56, that's 5.9% dividend yield, which have good odds to beat EPF.

Which means I don't need the price to run up so soon. It can stay flat for years and I am okay with that as the DPS alone is already likely to beat EPF. Any price gain is a bonus. I can live with 5.9% DY for ever.

Posted by DividendGuy67 > 1 week ago | Report Abuse

According to Ringgit Plus, today 12 months Term Deposit rates for the major banks like Maybank, Public Bank, CIMB bank, etc. is around 2.8% excluding special promotions. So, why put 100% monies in FD when some could be spread around like GENM to earn more than double in Dividend yield? It's backed by a decent underlying business.

Diversify and put a little bit of your FD into GENM. GENM is now 2.7% of my portfolio - I added more at 2.51 earlier this week. It feels about right.

Posted by DividendGuy67 > 1 week ago | Report Abuse

Personally, I wouldn't chase this stock. I am not expecting price to run up fast. If one is patient and willing to wait 3 months, it is possible with very good odds to own at 2.51. This stock is unlikely to run up very fast, hence, just wait, key in a GTC buy order at 2.51 and don't watch the market.

For past 4 years, there is a soft sideways trading range between say 2 to 3.5. So, if price goes lower below 2.5 like 2.25, that's another accumulation zone for me. If it goes down to around 2, that's another acccumulation zone for me. If it goes down to around 1.75, it should still be another accumulation zone for me. Maybe by this stage, I get to 5% portfolio and then, I will forget about this stock.

otherwise, look forward to get paid in dividends long term.

Price gain is a bonus, but not necessary.

Posted by Michael_chan2022 > 1 week ago | Report Abuse

https://theedgemalaysia.com/node/683523

HLIB sees potential inclusion of YTL Corp, YTL Power into KLCI in November review

Price must rise and will move up soon

Posted by Michael_chan2022 > 6 days ago | Report Abuse

Genting Malaysia financial performance:
- In 2022, Resorts World Genting welcomed 22 million tourists.
- The company has 5.67b outstanding shares.

More details breakdown below:
Revenue,
2022 full year, rm8.60b
4q2022, rm2.40b
1q2023, rm2.28b
2q2023, rm2.47b

Profit/ loss,
2022 full year, rm667.4m loss
4q2022, rm393.96m loss
1q2023, rm27.38m loss
2q2023, rm47.12m profit
3q2023, 👍👍👍

Posted by Michael_chan2022 > 6 days ago | Report Abuse

GenM q32023 的業绩:
- 開大有 280 mln
- 開小有 250 mln

Posted by Michael_chan2022 > 6 days ago | Report Abuse

Even if GenM makes an average of 280m in each of the next 4 quarters, the total profit will only be 1.12b... 唉! 生意做大大，profit 卻少少。

Posted by 123eztrade > 4 days ago | Report Abuse

this generation of LIM is way worst than LGT....Karma??

Posted by Shines > 3 days ago | Report Abuse

I would say it is the call warrants issuers to be blame. 6 Call Warrants 2 expiry soonest 29 Sep, 2 in Nov and 2 in Dec 2023. Do you think the issuers will let the mother share price up for the holders to convert?

Posted by kyliew > 2 days ago | Report Abuse

X disease is coming, better run now