I guess today will close at 4.71

GTfun
Most Foreign institutions holding is <1% /0.3-0.7%, of total stake, not like old days. Date show foreign fund Sold rm167m worth of value in may, and rm251m this year, I believe Vanguard is selling, and switching to tenage, Airport, myeg, inari

Once in decade, we can <10x PE,

Time to collect

Lack of Taylor swift effect for the rest of the year, Many believe 24Q1 is the peak performance for GentS

I think following are the reasons share price going south today 1) foreign fund is dumping concern about inflation date release tonight 2)insider who know the q1 result taking profit (hit and run), 3) Genm q1 report revenue flated compare 23q4, this mean increase in visitors/ Visa free policy doesn’t benefit to Genm at all, and for the rest on the year. Most IB expect revenue increases same quantum as GentS performed

Empire is just the beginning, next Rwlv will sell to genm or list together in us

Management already give up genm, distributes dividends as much as they can, borrowed as much as money, every single sen they make transfers to overseas, stop investing (even road also dont wanted to fix, maintenance of building just let go). Sooner or later will restructure, transfer out assets wanted, tranfer in rubbish assets, after sell it 49.1% stake. Gambling sector, no hop in Malaysia

Genm report revenue flat, many doubts about it abilities to recover since heavy tax be implied in 2018, gaming tax 20% +10%+(6%+2%), 18% increased from 20% to 38% direct tax revenue around 1600x18%=288m every quarter. In other word can almost close down, thank to mr Lim Guan Eng.

Turn red

May turn from green to red

This is not genting, no impairment lose, furthermore 138m +35m gain in others and others investment

Yes 588m

@mushimushi, 42m increased in revenue compare to 23q4, = not increased

U should consider/ calculate all key criteria to estimate when bet quarter report

No increase in revenue compare 23Q4, higher winning rate, very high losses from us, empire , 166 m from other investment, not big surprise

Fully within my expectation, but not market expectations

Genm 57.78m

@Mtrade, profit too many, need time to load

4.85 not bad

Betting Genm net Profit likely to be 60-85m

@ Havefun, 450m+, no boom, consider good already

If 430pm to 4.45pm share price can move from 4.83 to 4.86/4.88, then tomorrow sure got show

But recent Genm share price very resistantly moving up, i guess Genm Malaysia operation revenue may jump like20% from 1800m to 2160m. Or winning rate is higher then usual since non-vip gamers usually has better winning rate

A Big bug is that, GenM has currency lose Rm135m compare Rm110m gain in 2023Q4, 245m swing. noted Genm has 5bil usd debts not being hedged.

@ Michaelchan2024 , most likely

@keyman this is genting, no impairment lose?

Eventually 2025 june, price will be like 6/7+, even this quarter may see 350-400m+ Net in coming report, due to following reasons, 1) eventually us must cut rate early 2025, foreign fund need to be returned, turbo will be on gent, 2) currency gain on gem if us cut rate, 8% appreciation in RM translation 400m profit on genm 3) market need 3-4 sustainable quarter 500m+ net to let price back to 12-15x PE, 4) 3th-4th quarter is seasonally strong, 5) travelers haven’t full recover, 25-26 still bullies.

Let bet how many net profit will be reported after 5pm today, i bet 478m

Don’t translate Ebitda as profit, interest, depreciation are running as high as 380-450m and 1050m every quarter. Furthermore impairment lose, investment lose, currency lose,loss in disposal assets.other lose…etc

Provisional for bad debt is very high in GenSing q1 24,(I estimate $70m). could see even 30-50% high in q2,

@AngTayKor, 100% sure, RWLV Is running a loss now and at least in next the 3 years, although there is some EBITDA, depreciation/ financing cost is as high as 400m every quarter. on the other hand, power plant in india and meizhou wan china, always running net lose(almost never got net profit), almost all other business is making a net loss, except small profit for banten Indonesia and petro production in Chengdaoxi Block, plantation. This is the reason why genting Sing 52.6% stake worth more the GenS+Genm+RwLV+Genp+++++, and research home apply 45-50-60% discount on it projected price

Gt fun mean genting fun. Dec 24 to may 25, will be the big bull run for genting for many reason, may 2025 targeted price eps60x12-14pe=rm7.20-8.40. This june will be around 5-5.80

Genting and Genm Qtr report, Always last Thursday of the quarter, (but not the last day), if Thursday is the last day, then one day before. 29 may genP, 30 may Gent/ GenM

But with genS rm235m improved in profit, genting Q1 is very safe 150m+235-90+30+70=395m(30 power done with outage, 70 being lose in disposal of asset)

500m is possible with no impairment loses, but is impossible because this is genting, hopefully have something gain on dispose assets/ similar to contra it,

It before Q1, market bet good quarter, prices at 4.85-4.95, then after announcement above 5 is possible, or q1 profit above 500m

Genting will rise by 8-15sen

After gemn q1 out i think gemn will drop 3-7sen

I estimated genting 24q1 around 420-480m

Dont be scared, 235m swing will only effect genting profit by around 90m, calculation as below235x0.471=110, assuming , Genm increased by 180mx0.08% management charged by gen to genm, 14.4, effect in genting around80-95m

190m-130m =60-higher empire impairment lose charge + better revenue, i estimated 60-10+30=90m

Genm 23q4 core profit only 190m if excluding 104 m gain in foreign exchange gain

31 march 2024 usd/rm=4.71, 31 dec 2023=4.605, 2.7% drop in usd, x 5000m exposed in usd debt=130m lose in foreign exchange. Compare to 2.2% gain in 23Q4, 4.7%x5000m=235m swing , or 235m lower then 23q4

Q1 will post Thursday 30 may

Genm will face foreign exchange currency lose of 110m in this Q1, compare rm150m gain in 2024 q4, rm260m swing. Genm q1 profit may just under rm50 m

Don’t know, GenM had good evidence of Fox causing delay or not, and also Disney are the one who kill the deal

Originally complained filed by GenM in California court

https://assets.documentcloud.org/documents/5280571/GENM-Complaint.pdf

Happy birthday to u