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Overview
Financial Highlight
HeadlinesBusiness Background Genting Malaysia is a resorts and casino company and is a subsidiary of the holdings company Genting. The company has two primary business segments: Leisure & Hospitality and Properties. The Leisure & Hospitality segment operates numerous resorts, many of which include casinos, theme parks, concerts, restaurants, and retail shopping locations. The flagship resort operates five hotels, an amusement park, and entertainment venues. The Properties segment controls and leases real estate. The company generates the vast majority of its revenue in Malaysia.
  patient_invest boostmy, the first quarter revenue is 1.9b. Is 1.9b before or after Casino tax? thx 24/05/2019 9:04 AM boostmy After casino tax. Management attributed the good quarter due to 'higher win rate' or 'luck factor'. Don't have to be a genius to know that luck, played out over thousands and thousands of hands is dissipated. The variance over a large quantity of sample size becomes insignificant. 24/05/2019 9:14 AM patient_invest boost, do you think the "higher win rate" was due to --- reduction in under-table money paid to Najib government? 24/05/2019 9:27 AM patient_invest there's no way to track casino revenue. unless the government put 1 person to stand beside every single table, 24 hours a day right? somemore all the transactions are in Cash. How to track cash? 24/05/2019 9:28 AM boostmy I won't speculate on that. What I am sure of is that the company was able to grow out of higher taxes. Or was not impacted much by higher taxes. Either possibility is good. 24/05/2019 9:36 AM patient_invest Is there any part in the report that says: Revenue is net of Casino tax ? I am trying to find, but couldn't. Please help 24/05/2019 9:38 AM boostmy Please read my articles. There is an example by customs on how to calculate. 24/05/2019 9:41 AM skyu very disappointing and quite suspicious results. if not of the genting UK disposal, the lost will be worst. 24/05/2019 9:50 AM akupolitikkk The price will hanging RM3-3.20, wont go from this circle unless something brewing 24/05/2019 9:56 AM patient_invest Got it boost EBITDA up 22% Net profit flat Net cash from Operation up 8.5% To be conservative, how much do you think the company's actual net profit has grown As the reported net profit may include certain items like aggressive depreciation, or one-off items. 24/05/2019 9:56 AM qps999 wow...going down, SELL slot on time book profit as Money Life Research suggest to point tgt la..save money..it will jump agaiin.. 24/05/2019 10:04 AM boostmy Patient_invest, one quarter doesn't really mean much unless you are just buying for a few days or weeks. The most important takeaway from the report is that the company is not that badly hurt by the higher Casino Duty and hence the value will recover over time. 24/05/2019 10:10 AM patient_invest boost, thanks for the advice for long term, how much do you estimate the per share earning & what's a reasonable price for this company? 24/05/2019 10:36 AM RainT investment banker target price u also can trust ke? there is no meaning at all on their target price 24/05/2019 2:06 PM RainT as LIM GUAN ENG see the GENTING profit still good with gaming duty hike next budget he will propose higher gaming duty for GENTING ….lol most idiot and useless Finance Minister ever 24/05/2019 2:08 PM jiunn Hello Jr. Lim...Strongly feel threatening now from Cambodia, Philippine & Vietnamese Casino right now LOL!! Better do something before TOO LATE! https://youtu.be/O57U3O-DeHA 24/05/2019 2:31 PM  stingray_ea stingray( 100% Candlestick,simple,fast,high accuratecy No Trendline, UpDown,Z,M,N,W Reverse lines, U,F,O turns. No Indicator No News No FA / TA Go deep into operator mind and read their steps Go deep into retailer mind and read their steps after operator actions ) genm 3.09 now. VERY Bearish…Big fund is selling. Get ready to test 2.68 again.... Mar 22, 2019 9:12 PM | Report Abuse genm closed at 3.38. Remember I mentioned before " bear is here 3.39 " and " bear is here 3.47 ". Take note genm closing above or below 3.39 is two very different things. bear and bull border. Like a country border. You cross I kill you 24/05/2019 3:51 PM stingray_ea stingray_ea( 100% Candlestick,simple,fast,high accuratecy No Trendline, UpDown,Z,M,N,W Reverse lines, U,F,O turns. No Indicator No News No FA / TA Go deep into operator mind and read their steps Go deep into retailer mind and read their steps after operator actions ) large volume queue is attract buyers for distribution purpose. 24/05/2019 4:10 PM Sifu Wang after reading all the so call analyst report, i have not seen any figures on the 500million equanimity yacths. i suspect the figure will be deducted from the upcoming quarter result . lets say the upcoming profit is same 250million. after deduct equanimity expenses, the coming qr maybe -250million. another thing on the gambling tax on slot machine and licenses. these will tax maybe calculated by yearly basis. that mean the end quarter result will be hardly hit by the overall gambling tax 24/05/2019 7:29 PM Tyre220069 The purchase of tranquility is not impairment loss and they can use the cash reserve to purchase it. So it should not be deducted from the net profit. This is my limited opinion,any accountant can verify this? 24/05/2019 7:40 PM Tyre220069 Today only dropped 4 cents.where us the to 2.50. Cannot even drop below 3.07 as you noticed for the pass few months.bear in mind we have collected 8 cents and the coming 6 cents total 14 cents. So effectively the share price 3.23 ,those who bought 2.80 still earn 43 cents 24/05/2019 7:43 PM FinEx The purchase of Tranquility is the capital expenditure instead of operating expenditure. The purchase cost will not be deduct against the net profit. Only the depreciation and maintenance cost of the Tranquility will be deducted against the net profit. 24/05/2019 8:24 PM siswati what a diverse range of opinions we have here. I think this bode well for liquidity provision at every price level.. 24/05/2019 10:58 PM NESARAJAH1 Tyre220069. Correction special div is 5cts for GENM and 6cts for GENT. Total 13 cts each 24/05/2019 11:42 PM NESARAJAH1 I m holding 30 lots of each and I LOL reading contradicting comments. I m for long term. Doesnt amuse me 24/05/2019 11:43 PM NESARAJAH1 Sleep tight if u are a investor and if u are speculator keep on boggling your mind and end up not enough sleep 24/05/2019 11:46 PM happy123 I started buying after the huge sold down, I bought from 2.80 and added more all the way to 3.20, I have a total of 200k shares now and might buy more 25/05/2019 8:32 AM Alan Wong Happy123 can I know your exit strategy for in terms of target holding duration and price wise ? Thank you for sharing ya 25/05/2019 9:26 AM skyu happy123, let me tell u the target price. the target price by fund house is 3.43 averagely. so , u take 20% as discount to the target price , we looking at 2.7 target price. now 3.10, is time for you to cut lost. 2.7 will be your cut lost exit. 25/05/2019 7:26 PM InvestsucessTrader Different IB has different TP, last week one IB TP is 4.26. Sometime our outlook is better than IB, 25/05/2019 7:38 PM skyu just sell the genm. don't hold, let me be the one that lost on behalf of u guys. 25/05/2019 7:50 PM InvestsucessTrader Don't worry, you can sell, we are accumulating, its one of the best stock in KLSE, 25/05/2019 7:53 PM skyu aiseh, don't la bro, u better don't buy too much, later list too much in genm. gua believe in apple168. his words is certain 25/05/2019 9:45 PM happy123 I am a patient guy, I bought Genting Singapore > 10 years ago before it was awarded casino license. My guess is the theme park will be settled out of court and Genting will be compensated, as for the Mashpee bill, is probably 50/50 chance, but that has already been factored in, a win is bonus. I will hold till it hits 3.5 and decide what to do next 25/05/2019 11:36 PM patient_invest happy123, side track to talk to about Gen Sg. Do you think it has already reach max potential? Sg government seems to force to it make poor ROI investment to feed the local economy, in exchange for 10 more year license. 10 years later, the gov may extort another $5b from Genting. This will greatly harm the return of shareholders. 26/05/2019 8:35 AM happy123 Lim KT said is cheap for the extra 5bil to get such exclusive deal for the Rws expansion. Genting Singapore stock has gone down by > 20% since then, I don't know how low will it go but I will at least get the dividend paid out and just hold on to it. 26/05/2019 10:44 AM sell Profit drop 25% YOY. That yet to include Equanmity purchase recently after Mar'19 QR. Expect equally bad Q2 2019 QR. 26/05/2019 10:59 AM sell Maintain Underperform. We believe the on-going lawsuit between GENM and the Twenty-First Century Fox group of companies would delay the opening of GENM’s outdoor theme park that was initially scheduled to take place by 1H2019. The theme park is deemed to be the crowd puller to Resorts World Genting. Without it, we reckon visitor arrival growth rate would be affected. Meanwhile, the amendment to tax incentives granted to GITP previously could effectively prolong the utilization period of the tax allowances. However, at this juncture, GENM has been granted leave to commence judicial review of the Ministry of Finance’s decision to amend the terms of the tax incentives. Hence, it remains uncertain if GENM’s earnings would be adversely affected as the impact is dependent on the result of the judiciary review. https://klse.i3investor.com/servlets/ptres/50462.jsp 26/05/2019 11:01 AM InvestsucessTrader Those who want to sell can sell, those who want to buy can buy, up to your own opinion, 26/05/2019 11:22 AM  |
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