DividendGuy67

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.

2 weeks ago

DividendGuy67

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

2 weeks ago

Bmw X5

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

2 weeks ago

Bmw X5

casino greatess fear has happpened in Vegas now

2 weeks ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

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

2 weeks ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

GENM

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

2 weeks ago

speakup

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

2 weeks ago

Income

Speakup, wow.

2 weeks ago

Michael_chan2022

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

2 weeks ago

Michael_chan2022

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

2 weeks ago

hng33

cut at 2.52

2 weeks ago

Shines

@hng33 too fast you cut

1 week ago

Riaz1954

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.

1 week ago

speakup

Taurx is Genting lah, not GenM

1 week ago

Cryptolover

https://theedgemalaysia.com/node/683199

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

1 week ago

Income

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.

1 week ago

Income

It’s kambinggggg

1 week ago

speakup

This is super undervalued but cannot fly

1 week ago

Shines

All say only, no action

1 week ago

Michael_chan2022

Certainly! It will shine soon.

1 week ago

luckyman

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

1 week ago

speakup

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

1 week ago

Shines

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

1 week ago

Lilian723

Kindly refrain frm posting unrelated matters. Thks

1 week ago

Michael_chan2022

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 week ago

speakup

Good for Saddiq

1 week ago

8u29song

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

1 week ago

Michael_chan2022

Already sold...? but no news lei

1 week ago

Shines

@8u29 sold already meh?

1 week ago

DividendGuy67

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 week ago

DividendGuy67

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 week ago

DividendGuy67

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 week ago

Michael_chan2022

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 week ago

Michael_chan2022

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 week ago

Michael_chan2022

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

1 week ago

Michael_chan2022

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。

1 week ago

123eztrade

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

1 week ago

Shines

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?

1 week ago

kyliew

X disease is coming, better run now

6 days ago

speakup

https://www.channelnewsasia.com/asia/malaysia-gambling-probe-slot-machine-operators-alleged-money-laundering-politics-3808181
Crackdown on illegal gambling! Monday Genting limit up

3 days ago

Michael_chan2022

https://www.bloomberg.com/news/articles/2023-09-24/millions-to-take-to-skies-as-china-gears-up-for-long-golden-week#xj4y7vzkg

Millions to Take to Skies as China Gears Up for Long Golden Week

Popular overseas destinations include Thailand, UK, Singapore

2 days ago

Michael_chan2022

https://www.businesstimes.com.sg/international/global/chinas-travel-recovery-picks-pace-golden-week-holiday

China’s travel recovery picks up pace with Golden Week holiday

Outbound bookings for international travel between Sep 23 and Oct 8 were at 61 per cent of pre-pandemic levels

2 days ago

Michael_chan2022

https://edition.cnn.com/travel/article/china-thailand-october-golden-week-tourism-intl-hnk/index.html

Millions of Chinese tourists are going on holiday again. Many of them are headed for Thailand

2 days ago

Michael_chan2022

https://www.theedgesingapore.com/news/tourism/singapore-among-top-destinations-china-gears-golden-week-holiday

Singapore among top destinations as China gears up for Golden Week holiday

2 days ago

Michael_chan2022

https://www.thestar.com.my/news/nation/2023/10/01/where-are-the-chinese-visitors

Crowd is nowhere to be seen despite it being the ‘Golden Week’ in China

GEORGE TOWN: Chinese tourists are conspicuously missing here in Penang this time even though it is the “Golden Week” back in China now.Angel Tours Sdn Bhd Director Peter Leong said the number of tourists from China visiting Malaysia has dropped lately

2 days ago

Zuliana

Good kah?

2 days ago

loyalok

how is Genting Highland crowd ?

2 days ago

Shines

See tge crowd also knows that futures would be steady

1 day ago

AnndyYSYong

Price no up

1 day ago

vicha7

i was there last week....crowd is aloot less compared 10 yrs ago

7 hours ago