if exclude non cash expenses item the earning is 848.2 million

while depreciate to the ebitda is 29.8%

at latest quater Finance costs 201.1 million - interest income 33.4 million = net interest cost is only 167.7 million . 167.7 million / 1,048.0 biillion EBITDA just 16% piece of nut

the net interest only take 12% of ebitda only
net interest is really not a big issue many without CFA anlysis skill is unable to understand the true sistuation

demand is there waiting for cost effective drug right now

https://www.governor.ny.gov/news/governor-hochul-announces-new-york-state-landmarks-be-lit-teal-commencement-alzheimers

i think only solution for them is IPO listing in U.S
energy , lifesciene bring down depreciation

gross profit margin only 29.00% +++ all benchmark showing their management is not very efficiency SLEEPING N SLEEPING only

thier main problem is depreciation to operating profit is fxxcking high 41.83%

conclusion is management KPI is suck non efficiency
low returns relative to the capital spent

EBITDA/EBIT ratio of 1.72 means that Genting's earnings before interest, taxes, depreciation, and amortization (EBITDA) is significantly higher than its operating profit (EBIT). This implies that a large portion of Genting’s operating profit is eaten up by depreciation and amortization.
Depreciation and amortization typically reflect the costs associated with capital-intensive investments (such as hotels, resorts, and entertainment facilities).
A high depreciation expense can indicate high levels of capital expenditure (CapEx) on physical assets, but if the return on those assets isn't as high as expected, it could suggest low returns relative to the capital spent.

Mainly is due to
Depreciation to Operating Profit (71.9%):

This higher ratio shows that depreciation has a larger impact when administrative and other operational costs are included. It’s ideal for assessing overall operational efficiency.

while net interest margin to gross profit only 17%
cashflow still strong

actually cant said net loss should be performance not hit KPI
because thier Depreciation-to-Gross Profit Ratio nearly 50%

This the problem net interest expenses to gross profit only 14% haiz management really no KPI

The depreciation to gross profit ratio is approximately 47.89%.

For the nine months ending September 30, 2024:

Depreciation and Amortization = RM 2,971.4 million
Sales Revenue = RM 20,835.7 million
Depreciation-to-Sales Ratio

This means that 14.3% of Genting's sales revenue is consumed by depreciation and amortization expenses.

A high ratio is common in asset-heavy industries such as hospitality, energy, and manufacturing, where significant investments in fixed assets (e.g., buildings, machinery) lead to higher depreciation.

Asset Utilization: The ratio indicates how effectively the company is generating sales from its capital investments. A rising ratio over time might signal underutilization or excessive asset investment.

only can said that management is not enough efficiency dont have KPI
so many good card in hand they re not aggressive to do business

for this kind high asset growth company we use ebidta or EBDA will more accurate

Return of investment bad depreciate of item is half of profit
lol means their new project earning return is low than Depreciation and amortisation in account standard

The RM (258.0) million loss under "Others" in the financial report represents a miscellaneous expense category, which is often influenced by non-operational or non-recurring items. weird what kind thing

wow usd depreciate help so much genm unrealise gain

use EBITDA as benchmark will more accurate to see all performance

I TOLD YOU I TOLD YOU already !!!! GENM sure have gain but look like too much

GOOD QR SIME DARBY will increase dividen

now only left last card is drug
diagnose and follow method even treatment already completely standby ready

many dont know genting https://www.cortechs.ai/ is the 1st Quantitative imaging insights for neurological disease NeuroQuant Brain Tumor in Action
Transform brain tumor management with reliable quantification and monitoring of tumor volumes. NeuroQuant Brain Tumor is an FDA 510k-cleared, AI solution that provides automated, image-based 3D volumetric analyses of diagnosed brain tumors straight to a physician’s fingertips in PACS.

market will reflect from result always investing is not game
is LOGIC

forex gain not sure will gain how much because got hedge
but asset depreciate in USD comfirm will less as management mention that empire resorts is POSITIVE EBITDA as long as dont affect to malaysia contribution then should be nice excite to see genm result should be significate when other get hit by usd depreciate

this is positive when other experiencing suffer depreciate of USD
but genting is the one benefit because thier U.S operation like empire resorts if net profit is loss then become less loss . less loss = more earn

GENM expect got at least 50m forex gain
based on annual report show The following table demonstrates the sensitivity of the Group’s and the Company’s profit/(loss) after tax and equity to 4.6%
(2022: 6%) strengthening of the respective foreign currency in USD, EUR, HKD, SGD and GBP against RM USD against PBT RM (144.0) Equity (144.0)

most of debt & depreciate item is in USD
exciting to see when QR out

i think they will have forex on USD depreciate aganist MYR

白痴文章 不知道什么叫监管 赔钱赔到你傻 pdpda

waiting for YTL data centre complete generate stable recurring income

YTL qr seem better if without unrealise loss YTl break new record

maybank need faster adopt AI digitalize to cut down staff cost and cut agency outsource reduce expenses increase margin

non interest and takuful growthing up

99smart cannot go in klci because at least need 2 year for new listing share

1.8b to Mashpee Wampanoag Tribe also so now the project can start and
cannot be appeal again dont know when genting want to reflect this in account
since project no more legal issue

The Mashpee Wampanoag Tribe of Massachusetts has borrowed more than $90 million from its gaming partner, money that must be repaid with 16.5 percent interest,

ATK i dont think so because they got state once the project can be continue then can be anytime recover back impaire

ATK here https://www.capeandislands.org/local-news/2024-04-03/mashpee-wampanoag-tribe-celebrates-legal-victory-over-land-in-trust but dont know when they want reflect in account only

ATK i had check mashpee land already settle this year the court case but dont know when the write back recover back

i have check genting malaysia 19 year gross profit
from 2005 41.08% drop until now left 25%

compare to sands mgm maintain consistently at 40% above
wynn at 35% above

genting malaysia management having big problem
gross profit margin is a good benchmark to measure thier performance
in gaming industry

Group President & Executive Director
Dato’ Sri Lee trained as a chartered accountant in London with an international accounting firm of chartered accountants following which he joined their offices in Hong Kong and worked in their audit and corporate advisory practices. He subsequently embarked on a career in investment banking where he specialised in the areas of corporate finance and the equity capital markets before joining the Genting Group in 1997.

https://industri.kontan.co.id/news/genting-berhad-investasi-klinik-stem-cell-di-kek-sanur another life sciene company CELU . why dont put in singapore RWS high tech medical tourism

very curious why malaysia ebitda margin only 37% ( MONOPOLY ) the management team is highly professional, with strong educational backgrounds. cant even get 50% with monopoly ? Singapore duopoly also can 40% +++ above

Management no time go survey onsite go see google review la

UK EBITDA MARGIN 17%
U.S EBIDTA MARGIN 23%
Malaysia EBITDA 37% ( MONOPOLY ) monopoly cant even 50% ? BIG PROBLEM !!!
SINGAPORE EBIDTA 43.5% ( DUAPOLY ) WHILE MARINA BAY SANDS IS 50%

management should feel shame on them self this kind result thier professional is not matching even singapore goverment also give warning Bimini partner also complaint .
this is tourism business easy game most simple business how come manage like SAI

agm tell shareholder we cannot change management because all the management come with full experience of regulation and compliance knowledge matter then few month later U.S side slap management face happen compliance issue so still got what excuse dont want change the management ?