GENTING MALAYSIA BERHAD
KLSE (MYR): GENM (4715)
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Last Price
2.56
Today's Change
0.00 (0.00%)
Day's Change
2.55 - 2.58
Trading Volume
3,318,000
Changes
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Discussions
30 people like this. Showing 50 of 41,824 comments
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.
1 week ago
they did it to get free publicity mah
just like HK movie stars crash cars and take drugs to appear on newspaper
1 week ago
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
1 week ago
@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.
6 days ago
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.
6 days ago
For disclosure, my holding is still underweighted, at 2.1% of my portfolio.
6 days ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
YEAR .. DPS(SEN) .. EPS(SEN) .. YEPX
2009 .. 5.25 .. 23.42 .. 2.81
2010 .. 5.93 .. 23.77 .. 3.39
2011 .. 6.15 .. 26.32 .. 3.83
2012 .. 6.45 .. 27.03 .. 3.55
2013 .. 6.98 .. 27.38 .. 4.38
2014 .. 6.9 .. 20.02 .. 4.07
2015 .. 6.3 .. 17.87 .. 4.38
2016 .. 7.3 .. 27.01 .. 4.58
2017 .. 17.5 .. 22.99 .. 5.63
2018 .. 19 .. 31.83 .. 3.02
2019 .. 19 .. 20.35 .. 3.29
2020 .. 20 .. -38.36 .. 2.69
2021 .. 8.5 .. -17.46 .. 2.88
2022 .. 15 .. 2.6 .. 2.69
5 days ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
GENM
Year EBITDA (million)
2022 2,288
2021 551
2020 314
2019 2,593
2018 2,766
5 days ago
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
5 days ago
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
5 days ago
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.
4 days ago
https://theedgemalaysia.com/node/683199
TA Securities bets on no gaming tax hike in Budget 2024, top pick Genting
4 days ago
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.
3 days ago
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
3 days ago
this old gem never regain it's shine after pandemic. most company already dah recover, this one still impotent
3 days ago
Got some good news it will move up abit only, once tge news of the casino licence in hand then all rushing in
3 days ago
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.
1 day ago
Our therapist can also be used to treat specific conditions, such as back pain, migraines, and sports injuries. https://www.sutramassage.com/
1 day ago
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.
1 day ago
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.
1 day ago
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.
1 day ago
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
1 day ago
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, 👍👍👍
1 day ago
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。
22 hours ago
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1 week ago