disney as the new owner shall honour the agreement already signed by the acquired company, namely, fox.... This is a Fox theme park, not disney.... although fox is a wholly own subsidiary of disney...... before disney purchased fox... the whole world understood.. not part of disney strategy to partner gaming co :)

:)



Recent Prices



Date Open Range Close Change Volume

27/11/2018 3.00 2.93 - 3.22 3.00 -0.60 (16.67%) 276,301,400
26/11/2018 3.59 3.56 - 3.60 3.60 +0.01 (0.28%) 10,747,900
23/11/2018 3.60 3.58 - 3.60 3.59 0.00 (0.00%) 8,274,500
22/11/2018 3.60 3.59 - 3.61 3.59 -0.01 (0.28%) 8,648,400
21/11/2018 3.57 3.56 - 3.61 3.60 -0.01 (0.28%) 10,328,800
19/11/2018 3.63 3.58 - 3.65 3.61 -0.02 (0.55%) 11,617,100
16/11/2018 3.64 3.61 - 3.65 3.63 0.00 (0.00%) 9,723,300
15/11/2018 3.60 3.59 - 3.65 3.63 +0.01 (0.28%) 9,682,300
14/11/2018 3.55 3.53 - 3.63 3.62 +0.06 (1.69%) 12,921,300
13/11/2018 3.55 3.52 - 3.60 3.56 -0.04 (1.11%) 17,873,500
12/11/2018 3.57 3.54 - 3.62 3.60 +0.02 (0.56%) 17,429,700
09/11/2018 3.59 3.52 - 3.60 3.58 -0.02 (0.56%) 15,534,400
08/11/2018 3.69 3.57 - 3.69 3.60 -0.04 (1.10%) 31,616,300
07/11/2018 3.72 3.62 - 3.77 3.64 +0.03 (0.83%) 79,298,500
05/11/2018 3.60 3.18 - 3.72 3.61 -0.93 (20.48%) 379,035,000
02/11/2018 4.54 4.52 - 4.77 4.54 +0.01 (0.22%) 13,094,900
01/11/2018 4.50 4.47 - 4.54 4.53 +0.04 (0.89%) 4,723,900
31/10/2018 4.50 4.47 - 4.52 4.49 +0.03 (0.67%) 9,577,500

dont let pending outdoor theme park clouded your analysis, fear, etc. :)

1st half of 2018 made more money than 1st half of 2017 also :)


CONDENSED CONSOLIDATED INCOME STATEMENT
FOR THE SIX MONTHS ENDED 30 JUNE 2018
UNAUDITED INDIVIDUAL


QUARTER
UNAUDITED CUMULATIVE
PERIOD
Second quarter ended
30 June
Six months ended
30 June
2018 2017 2018 2017

RM’000 RM’000 RM’000 RM’000
Revenue 2,422,126 2,291,982 4,821,624 4,516,200
Cost of sales (1,784,090) (1,762,663) (3,567,746) (3,446,764)
Gross profit 638,036 529,319 1,253,878 1,069,436
Other income 128,457 123,179 272,217 253,702
Other expenses (229,765) (337,737) (556,927) (644,565)
Profit from operations before impairment
losses 536,728 314,761 969,168 678,573
Impairment losses (33,300) (36,776) (33,300) (36,776)
Profit from operations 503,428 277,985 935,868 641,797
Finance costs (38,300) (30,798) (73,227) (49,884)
Profit before taxation 465,128 247,187 862,641 591,913
Taxation (86,862) (73,212) (142,309) (122,652)
Profit for the financial period 378,266 173,975 720,332 469,261

Last year 2017 & 2016 results... takda new outdoor or indoor theme park.. :)

Financial Snapshot in 2017
REVENUE
RM9.3 billion
(RM8.9 billion in 2016)

ADJUSTED EBITDA
RM2.2 billion
(RM2.4 billion in 2016)

Many activities up there nowadays :)

Recreation and adventure for all ages



Skytropolis Funland (Coming soon)
Expect laughter, thrills and family fun at our refurbished Funland!

Level 1, 2, 3, First World Plaza



The VOID (Coming soon)
Join the rebellion’s mission in the fiery planet of Mustafar in this whole-body, fully immersive adventure by The VOID and ILMXLAB.

Level 1, First World Plaza



SnowWorld
Dash through the snow and take in the full wonder of the European-inspired winter wonderland.

Level 2, First World Plaza



The Ripley’s Believe It Or Not! Odditorium
Leave the normal existence that you’re used to and experience the truly extraordinary mysteries that our odditorium has to offer.

Level 4, SkyAvenue



Jungle Gym
The perfect place for your kids to run, climb, slide and tumble! A visit to this attraction promises hours of endless fun.

Level 4, SkyAvenue



More than 300 retail stores to suit every budget and need



Genting Highlands Premium Outlets®
Enjoy savings up to 65% every day from more than 150 designer brands and outlet stores.



SkyAvenue
Eat, play and shop till you drop at this contemporary lifestyle mall which houses more than 100 retail stores.



First World Plaza
Catch the return of our iconic destination, now with more than 25 new outlets to discover.



Over 170 dining outlets including homegrown names and international favourites



High Line Roof Top Market
Enjoy al fresco dining in the cool air at our latest casual dining street market.

Level 4, SkyAvenue



Burger & Lobster
Put on your lobster bib and tuck into fresh lobsters transported all the way from deep Atlantic waters.

Level 1, SkyAvenue



Malaysian Food Street
Join in a celebration of local flavours, featuring signature favourites from all over Malaysia!

Level 4, SkyAvenue



Beauty in the Pot
Reap all the nourishing benefits of our signature soups to fuel you through the night.

Rooftop, SkyAvenue



Seasonal events and shows to lift the holiday spirit



Nickelodeon’s Dora the Explorer LIVE!
Meet-and-Greet Session
Nickelodeon
Get into a new adventure with your favourite explorer and meet Dora in person!

Genting International Showroom



Jungle Jam
Dance to the rhythm with the rainforest animals in our latest show at SkySymphony, Asia’s largest kinetic winch attraction.

Level 1, SkyAvenue



Genting Pokémon Festival
01.12.2018 - 28.02.2019
Catch ‘em all at a variety of games, activities and promotions available only at the festival!



Bona Cinemas IMAX & Gold Class (Coming soon)
Enjoy the ultimate audio and visual experience with IMAX and the first Gold Class hall with D-BOX motion technology.

Level 1, SkyAvenue

you can ask all tourists who arrived whether they would visit genting or not... surely yes for 90%+

genting msia is liked a bank, tak rugi, hanya untung.... how much only... sure make money... :)

with the new indoor theme park next month, impact mitigated... after Q3 results, expect the mgmt to announce positive things regarding the outdoor theme park probably.. then investors would start to chase up the price. fingers crossed

dulu genting theme park pun ok juga... asalkan menyeronokkan.. haha

We will still be able to see improvements in its operations in Genting in the upcoming quarters stemming from the expected opening of Genting’s indoor theme park by end-2018. We believe foot traffic will still improve. :)

probably good set of results to be announced.... they announced the lawsuit first.. then release the good results for rebound, etc... fingers crossed

macam geely car, modify a bit jadi proton haha

if genm creates its own brand even better, look at Lotte themepark in korea.... one of the top theme parks in the world

dah bina, tukar brand aje... maybe, a blessing in disguise... tak payah pay any royalty haha

genm gets 80%+ of its profits from gaming.... outdoor theme park not so much... this theme park was closed but genm still making RM1bil+ yearly :)

hampir siap dah, tukar logo, brand... modify sikit,,, dah boleh open :)

theme park open juga + USD1bil+ compensation .. :)

esok, umumkan theme park juga akan open in 2019... naik semula :)

contra players jangan main jika takut.... :)

cimb target price is still RM4.85 :)

Meanwhile, CIMB Equities Research said Genting Malaysia had already invested US$750mil in the theme park.

“This news is a major negative surprise to us. GM’s theme park was supposed to open in end-2017 but the date has been delayed to 1H2019. Due to potential legal complications, we are concerned if GM could still open the theme park in 1H2019.

“Due to the opening of the new theme park in 2019F, we had earlier forecast visitor arrivals to rise 14-15% in 2019/2020F. Now, it looks like our forecasts could be too optimistic.

“We are maintaining our EPS forecasts and our Hold call pending the conference call with management this Friday on its 3QFY18 results. A re-rating catalyst is the opening of the new theme park in mid-2019 while a de-rating catalyst is the theme park failing to open in 2019. Our target price remains pegged to its RNAV of RM4.85,” it said.

GentingM, Genting see RM4.89b erased from market cap over US$1b suit
TheStarTue, Nov 27, 2018 - 32 minutes ago


KUALA LUMPUR: Genting Malaysia Bhd and Genting Bhd saw a combined RM4.89bil erased from their market capitalisation at midday on Tuesday following the fallpout about its US$1bil suit against Walt Disney Co and Twenty-First Century Fox Inc.

At midday, Genting Malaysia had fallen 53 sen to RM3.07 with 186.18 million shares done.

This saw RM3.147bil erased from its market capitalisation based on the drop in share price by 53 sen and the paid-up of 5.938 billion shares. The market capitalisation was reduced to RM18.229bil.

Genting Bhd fell 45 sen to RM6.45 with 11.39 million shares done.

A total of RM1.74bil was wiped out from its market capitalisation. This was based on the drop in share price by 45 sen and the paid-up of 3.876 billion shares.

The selling was triggered by Genting Malaysia's move to sue Walt Disney Co and Twenty-First Century Fox Inc for more than US$1 billion on Monday.

Genting Malaysia which accused them of abandoning a contract related to its planned construction of the first Fox-branded theme park.

It said "seller's remorse" induced Fox, with Disney's help, to breach its 2013 contract with Fox Entertainment Group to licence intellectual property for Fox World, a proposed addition to its Resorts World Genting complex.

In a statement issued before market opened on Tuesday, Genting Malaysia denied that Fox had ground to terminate the memorandum of agreement dated June 1, 2013. The MoW was between it and Twentieth Century Fox Licensing & Merchandising, a division of Fox Entertainment Group, Inc.

Genting Malaysia was granted a licence to utilise certain intellectual property rights associated with Fox theatrical motion pictures in connection with the design, development, construction and operation of what was to be called the Twentieth Century Fox World theme park under the Genting Integrated Tourism Plan.

The MOA was subsequently amended on June 10, 2014 and June 9, 2017.

Genting Malaysia said in had on Monday file dlegal proceedings in California against Fox Entertainment Group, LLC, Twentieth Century Fox Film Corporation, FoxNext, LLC, Twenty First Century Fox, Inc. (21CF) and The Walt Disney Company.

The suit was in response to a notice issued by FOX in which it terminated the MoA and claimed about US$46.2mil (or RM193.6mil) in accelerated payments.

“Genting Malaysia denies that FOX had grounds to terminate the MoA, denies any liability resulting therefrom, and has pursued cause of action against FOX for breach of contract, and breach of the implied covenant of good faith and fair dealing, among others. GENM has also pursued cause of action against Disney and 21CF for inducing breach of contract and for interference with contract.

“Genting Malaysia intends to fully enforce its rights under the MoA, claim for the cost of its investments and consequential and punitive damages that in total will exceed US$1bil (or RM4.2bil) and such other reliefs to be determined by the court,” it said.

Genting Malaysia said the litigation was not expected to impact its current business operations.

Meanwhile, CIMB Equities Research said Genting Malaysia had already invested US$750mil in the theme park.

“This news is a major negative surprise to us. GM’s theme park was supposed to open in end-2017 but the date has been delayed to 1H2019. Due to potential legal complications, we are concerned if GM could still open the theme park in 1H2019.

“Due to the opening of the new theme park in 2019F, we had earlier forecast visitor arrivals to rise 14-15% in 2019/2020F. Now, it looks like our forecasts could be too optimistic.

“We are maintaining our EPS forecasts and our Hold call pending the conference call with management this Friday on its 3QFY18 results. A re-rating catalyst is the opening of the new theme park in mid-2019 while a de-rating catalyst is the theme park failing to open in 2019. Our target price remains pegged to its RNAV of RM4.85,” it said.

later, the casino tycoons in macau might buy a strategic stake in genm , who knows, his buddies :)

possible to rebound like 5 nov after the announcement of the increase in gaming tax? :)

05/11/2018 3.60 3.18 - 3.72 3.61 -0.93 (20.48%) 379,035,000
02/11/2018 4.54 4.52 - 4.77 4.54 +0.01 (0.22%) 13,094,900

wait for other analysts haha

27/11/2018 3.41 HLG
30/08/2018 5.22 5.40 +0.18 (3.45%) HOLD PUBLIC BANK
30/08/2018 5.22 5.75 +0.53 (10.15%) BUY KENANGA
30/08/2018 5.22 5.80 +0.58 (11.11%) BUY HLG
30/08/2018 5.22 5.45 +0.23 (4.41%) HOLD AmInvest
30/08/2018 5.22 6.00 +0.78 (14.94%) BUY Affin Hwang Capital

many online gambling startups in philippines targeting China, but they flooded macau casinos pulak haha

net assets per share is RM3.37 now.... with the usd1bil+, it should rise a lot.

genm would announce new theme park soon... get usd1bil+ from 21st century as bonus :)

https://www.nst.com.my/world/2017/12/314208/disney-deal-set-value-fox-more-75-billion#cxrecs_s pay usd1bil compensation to genm.... peanut4them :)

lowest price for Genm since 2010 :)

Fox, Disney Get Sued for Backing Out of Theme Park Deal
By Edvard Pettersson
and Christopher Palmeri
November 27, 2018, 4:46 AM GMT+8 Updated on November 27, 2018, 9:13 AM GMT+8

Genting says Disney is avoiding association with gambling
Fox World was to be key attraction out Kuala Lumpur resort


Walt Disney Co. and 21st Century Fox Inc. were sued by the owner of Malaysia’s only casino resort for pulling out of an agreement to sponsor a Fox World theme park outside Kuala Lumpur.

Genting Malaysia Bhd. seeks more than $1 billion in damages, claiming Disney doesn’t want to be associated with its gambling business as the Hollywood giant moves to finalize its acquisition of 21st Century Fox’s entertainment assets. Genting Malaysia’s shares plunged to the lowest in eight years.

“Unlike Fox, which was perfectly happy to have the park situated a stone’s throw from the casinos of Resorts World Genting so long as it could continue to extract financial concessions,” Disney wanted no ties to a gambling company because of its “family-friendly” brand strategy, Genting said in a complaint filed Monday in federal court in Los Angeles.

Fox declined to comment on the lawsuit and representatives of Disney didn’t respond to a request for comment.

Genting Malaysia’s shares fell as much as 19 percent to 2.93 ringgit, the lowest level since August 2010. Its parent Genting Bhd. followed suit, losing 7.5 percent.

Fox World was to be a key attraction at Genting’s resort located about an hour’s drive from Kuala Lumpur. It was expected to help broaden the casino resort’s appeal to the nation’s 60 percent-Muslim population and achieve a target of 30 million annual visitors by 2020. Gambling is considered unethical and therefore forbidden under Islam.

Fox entered into a licensing agreement in 2013 with Genting for the development of what would be the first Fox-branded theme park in the world. Unlike Disney, which owns its parks in part or in whole, Genting would own and finance the park completely, with Fox getting a cut of the revenue from retail, food and beverages. Genting has invested $750 million in the park, which was due to open next year, according to the complaint.

Fox had been trying to renegotiate the agreement in various times over delays in the park’s completion and had sought to get a share of the gate revenue as well, according to Genting. Once Disney started calling the shots this year, the objective was no longer renegotiation but termination, Genting said.

The case is Genting Malaysia Berhad v. Fox Entertainment Group LLC, 18-cv-09866, U.S. District Court, Central District of California (Los Angeles).

just wait for announcement from genm such as found another outdoor theme park operator and waiting for compensation from 21st century :)

without the outdoor theme park for several quarters, genm also pays decent dividend... delay in opening the outdoor theme park will only delay more profits... with the compensation from disney/21st century, maybe, genm could pay a big one-off special dividend later. fingers crossed :)

Universal studio at resorts world singapore does not have all the themes a.... Worst scenario, do other themes of universal studio at resorts world malaysia , wont die.... complement one another :)

Choose others :)

World's most popular amusement and theme parks
1. Magic Kingdom at Walt Disney World, Lake Buena Vista, Florida, US
2. Disneyland, Anaheim, California, US
3. Tokyo Disneyland, Tokyo, Japan
4. Universal Studios Japan, Osaka, Japan
5. Tokyo Disney Sea, Tokyo, Japan
6. Epcot at Walt Disney World, Lake Buena Vista, Florida, US
7. Disney's Animal Kingdom at Walt Disney World, Lake Buena Vista, Florida
8. Disney's Hollywood Studios at Walt Disney World, Lake Buena Vista, Florida, US
9. Universal Studios at Universal Orlando, Florida, US
10. Islands of Adventure at Universal Orlando, Florida, US
11. Disney's California Adventure, Anaheim, California, US
12. Chimelong Ocean Kingdom, Hengqin, China
13. Disneyland Park at Disneyland Paris, Marne-la-Vallee, France
14. Lotte World, Seoul, South Korea
15. Universal Studios Hollywood, Universal City, California, US
16. Everland, Gyeonggi-Do, South Korea
17. Hong Kong Disneyland, Hong Kong
18. Ocean Park, Hong Kong
19. Nagashima Spa Land, Kuwana, Japan
20. Europa-Park, Rust, Germany
21. Shanghai Disneyland, Shanghai, China
22. Walt Disney Studios Park at Disneyland Paris, France
23. Efteling, Kaatsheuvel, The Netherlands
24. Tivoli Gardens, Copenhagen, Denmark
25. SeaWorld Florida, Orlando, Florida, US

many new malls or retail space, genm has emerged as a mall player too up there.... maybe, GENM REITS one day Rental income is getting higher and higher for genm :)

buy rate 53%, WEIGHTED average price so far, 3.12 :)

with the new govt emphasising tourism and the weakening ringgit, all visitors would visit it if they come...

good weather up there... explore retirement villages up there for both foreigners and local people :)

net assets per share was RM3.37, many properties have not been revalued yet... Malaysia is becoming an aging country soon... good potential for retirement village up there too... retirees stay up there and probably visit casino frequently too ... haha

human behaviour.... fearful... news came out...

soon, above 3.50 again... sama as the announcement of the increase in gaming tax :)

Quarterly results without theme park, seem ok too :)

Financial Year: 31-Dec-2018
29-Aug-2018 30-Jun-2018 2,422,126 465,128 378,266 395,706 15.62% 2.08% 6.99 6.00 3.3700 10.46% 104.58%
24-May-2018 31-Mar-2018 2,399,498 397,513 342,066 358,237 14.26% 1.90% 6.33 0.00 3.3400 -20.28% 10.60%
Financial Year: 31-Dec-2017
27-Feb-2018 31-Dec-2017 2,544,008 477,321 430,320 449,387 16.92% 29.33% 7.94 13.00 3.4100 132.40% -73.35%
23-Nov-2017 30-Sep-2017 2,269,300 249,823 172,256 193,372 7.59% 1.00% 3.41 0.00 3.4000 -0.03% -65.20%
24-Aug-2017 30-Jun-2017 2,291,583 246,788 173,576 193,423 7.57% 1.00% 3.42 4.00 3.4100 -40.29% -59.40%
29-May-2017 31-Mar-2017 2,224,218 344,726 295,286 323,915 13.28% 1.57% 5.73 0.00 3.4800 -80.79% 100.48%

surely genm has backup plan... :)

:)

Market Cap: 18,824 Million
NOSH: 5,938 Million
Avg Volume (4 weeks): 36,336,361
4 Weeks Range: 2.93 - 4.77
4 Weeks Price Volatility (%):
13.04%
52 Weeks Range: 2.93 - 5.82
52 Weeks Price Volatility (%):
8.30%
Average Price Target: 5.40
Price Target Upside/Downside: +2.23

should sue for more ... opportunity cost, USD1bil is not a big deal :)

Now, below net assets per share of Rm3.37,,,, many properties at resorts world malaysia not revalued yet, right? haha

GENM Financial Information

Market Capital (RM)
: 18.883b
Number of Share
: 5.938b
EPS (cent)
: 23.52 *
P/E Ratio
: 13.52
ROE (%)
: 6.98
Dividend (cent)
: 17.000 ^
Dividend Yield (%)
: 5.35
Dividend Policy (%)
: 0
NTA (RM)
: 3.370
Par Value (RM)
: 0.100

* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.
^ Total dividend amount declared for financial year ended 2017-12-31.

wait for share buyback also haha

18-Oct-2018 18-Oct-2018 Buyback 1,100,000 4.500 4.500 View Detail
16-Oct-2018 16-Oct-2018 Buyback 1,000,000 4.320 4.370 View Detail
15-Oct-2018 18-Oct-2018 Buyback 2,950,000 4.300 4.500 View Detail
15-Oct-2018 15-Oct-2018 Buyback 850,000 4.300 4.400 View Detail
27-Jun-2018 27-Jun-2018 Buyback 500,000 4.810 4.880 View Detail
26-Jun-2018 26-Jun-2018 Buyback 500,000 4.840 4.900 View Detail
25-Jun-2018 27-Jun-2018 Buyback 2,000,000 4.810 4.950 View Detail
25-Jun-2018 25-Jun-2018 Buyback 1,000,000 4.880 4.950 View Detail
26-Mar-2018 26-Mar-2018 Cancel 21,100 - - View Detail
21-Mar-2018 21-Mar-2018 Cancel 6,758,915 - - View Detail
15-Mar-2018 15-Mar-2018 Buyback 2,400,000 5.220 5.400 View Detail
14-Mar-2018 14-Mar-2018 Buyback 1,500,000 5.210 5.270 View Detail
13-Mar-2018 13-Mar-2018 Buyback 1,100,000 5.190 5.250 View Detail
12-Mar-2018 15-Mar-2018 Buyback 7,000,000 5.100 5.400 View Detail
12-Mar-2018 12-Mar-2018 Buyback 2,000,000 5.100 5.300 View Detail
09-Feb-2018 09-Feb-2018 Buyback 2,275,000 5.230 5.260 View Detail
08-Feb-2018 08-Feb-2018 Buyback 325,000 5.430 5.450 View Detail
06-Feb-2018 06-Feb-2018 Buyback 1,700,000 5.190 5.340 View Detail
05-Feb-2018 05-Feb-2018 Buyback 950,000 5.440 5.480 View Detail
30-Jan-2018 09-Feb-2018 Buyback 5,350,000 5.190 5.500 View Detail
30-Jan-2018 30-Jan-2018 Buyback 100,000 5.470 5.500 View Detail
25-Jan-2018 25-Jan-2018 Buyback 1,750,000 5.490 5.600 View Detail
23-Jan-2018 23-Jan-2018 Buyback 1,200,000 5.450 5.480 View Detail
22-Jan-2018 25-Jan-2018 Buyback 4,250,000 5.450 5.600 View Detail
22-Jan-2018 22-Jan-2018 Buyback 1,300,000 5.470 5.510 View Detail

from opening hour till now, average price was about 3.11................ still have plenty of room to rebound :)

disney & 21st century should honour its agreement... in biz, trust is of utmost importance.... hope they change their decisions

worse scenario, sign with the same theme park operator in singapore resorts world.. get compensation also :)