GENTING MALAYSIA BERHAD
KLSE (MYR): GENM (4715)
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Last Price
2.63
Today's Change
-0.01 (0.38%)
Day's Change
2.63 - 2.65
Trading Volume
6,337,600
Financial
T4Q
31-Mar-2021
2020
31-Mar-2021
2019
31-Mar-2021
2018
31-Mar-2021
2017
31-Mar-2021
Discussions
32 people like this. Showing 50 of 42,888 comments
GenM results..... PBT 116m, YoY 41m, but QoQ 294m, PBT drop by 178m or 61% compared to QoQ.... not up to expectation :-(
6 days ago
net earnings impacted mainly due to unrealized FX losses on their USD borrowing (130 mil this Q1 vs 40 mil preceding quarter). otherwise EBITDA grew 24% qoq.
6 days ago
Last qr FX gain 130mil. So this qr actually very much better than last qr if FX excluded
6 days ago
Genm registered improved performance from all three regions: Malaysia, UK and US with adjusted EBITDA totalling RM810 million.
It was impacted by a non-core forex loss of RM130m in this quarter, hopefully non recurring.
US division (Resorts World New York City and Bahamas) registered improved EBITDA of RM153 million in Q1 FY2024, annualised to RM612 million.
Genm had total USD loan of about RM8.0 billion as of 31 Mar 2024. Assuming average interest rate of 4.5%, I estimate annual interest expenses to be RM360 million. Cash tax expense would be minimal given that the US divisions were at pretax loss after depreciation charge. So operating cashflows for US division would be about RM612m - RM360m = RM252 million a year.
This reaffirms my earlier view that RWNYC was cashflow positive to the tune of US$50m a year.
True that Genm had a higher loss from share of results from associates (mainly from US Empire Resorts), the loss was only RM5.8m higher for a much larger equity stake of 89.6% from 76.3% earlier. If we add back non-cash depreciation charge, EMpire Resorts was indeed EBITDA positive and most probably cashflow positive too. This also strengthens my earlier claim that the latest injection of US$100m by Genm into Empire Resorts would not be a bad thing. That would have helped Empire Resorts to save interest expenses and to break even sooner.
Though Genm had a higher loss from
6 days ago
Thanks dragon328 for the detailed explanation about GenM's performance in Q1 2024
6 days ago
https://agbrief.com/intel/deep-dive/31/05/2024/genting-malaysia-sees-profit-revenue-up-as-resorts-world-genting-improves/
Genting Malaysia sees profit, revenue up as Resorts World Genting improves
6 days ago
https://www.asgam.com/index.php/2024/05/31/genting-malaysia-revenues-profit-up-in-1q24-on-growth-in-malaysia-and-us-gaming-markets/
Genting Malaysia revenues, profit up in 1Q24 on growth in Malaysia and US gaming markets
6 days ago
Good news out! SELL. Just like in Casino Genting, when baccarat trend points to banker and everyone bets on banker, the card goes the other way!
6 days ago
limit down better.... channel profit somewhere else.... this counter should be sold down to $2
6 days ago
难看咯。平时不拉一拉股价，现在等report出来，本来是要庆祝的GenB 被逼拿来顶Genm. LGT 知道现在的Genm股价都会想起来kam 9你和你的Operator. 看在之前在GENM有赚过钱才来说你，不然都懒得理你。真的难看至极
6 days ago
I am waiting sor-chai 天哥 post article ask his all followers hold tight tight, this is long long long term investment, be patient, it will back to rm 4 or 5 in one day ........ hahahaha
6 days ago
Wonder half boiled egg 天哥 still hold GENM ? If yes, he will ask his 1/4 boiled egg followers be patient , this is long long long term investment, GENM will come back rm 4 in one day . hold long long long term really a good excuse to cover their failure stock pick ........ hahaha
5 days ago
Moving forward, GenM said the operating environment for the regional gaming market is expected to continue improving, supported by an optimistic outlook on international tourism amid ongoing restoration in global capacity and air connectivity.
https://theedgemalaysia.com/node/713734
5 days ago
Genting Malaysia raises RM1.3b from medium-term notes issuances
https://theedgemalaysia.com/node/713864
5 days ago
Good results but price falls maybe due to unscrupulous professionals such as company secretaries, auditors, accountants or key mgt leaked out information of good results to their friends or relatives to buy on their behalf. These insiders then dump after announcement of good results to make quick and easy profits.
5 days ago
Why GenM got dumped and bashed like this ?. Funds not happy that no dividends was announced in the QR ?
4 days ago
Good news Europe start cut interest rate, USA will soon announce, maybe this fed meeting or next one. Genm can get small relieve from loan cost.
3 days ago
No more hope for Genting Malaysia under the leadership of 3rd generation, he likes nightlife more than GenM.
3 days ago
https://theedgemalaysia.com/node/713985
Phillip Capital starts coverage of Malaysian gaming, GenM top pick
2 days ago
Despite most analysis is a "buy" call, foreign fund just ignored as they are still wary of LKT's family self interest instead of the company. No amount of conjuring able to kick start the price higher. Perhaps it's time put a number of queries in this coming AGM. Why is the AGM still carrying online since economy already opened up? Are the directors just collecting remuneration blindly without check & balance? Do they deserve the directors' remuneration if they do not act independently & only acted as yesman to LKT?
1 day ago
Why share price still lower than during pandemic? Despite substantial increase in revenue and profit after pandemic. Poor governance? Looks like foreign funds ignoring both Genting and GenM.
1 day ago
we need HK to produce again movies like Gamble God, Gamble Boy, Gamble Man, Gamble Queen, Gamble Mama, Gamble Papa, Gamble Son, Gamble Daughter, Gamble Ah Beng, Gamble Ah Kau then only GenM will be shine again
2 hours ago
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
choong18
Nett profit 57m only, not good as expected.
6 days ago