ATK depreciation amortisation is non cash item we can only said thier KPI problem under performance . depreciation amortisation will only getting less time by time

yes good dixon and murren have past good track record

JIM MURREN is a ticket to UAE RESORTS maybe ? all of this vvip have position then IPO in U.S listing should no problem

second powerful is A.G. Burnett served as Chairman of the Nevada Gaming Control Board (“GCB”) from 2012 to 2017.

ya i share earlier LO BEFORE NEWS OUT 。
who is JIM MURREN ？ GO CHECK HIS BACNKGROUND YOU WILL KNOW HOW POWERFUL UAE top gaming regulator UAW invite him go be chairman help set rule

Jim Murren is the chairman of a gaming regulatory authority established by the United Arab Emirates. will genting got ticket develop IR in UAE ?

got so many vvip 四大护法 in RWLV now
should goreng those below KPI and no OKR management replace with new

Jim Murren is the chairman of a gaming regulatory authority established by the United Arab Emirates.

mid cap fund rush to buy from bottom ?

genting should know the problem is from management KPI and OKR .
they re too relax

why dont do it earlier hiring professional help operate . next hope can change is genting malaysia management lack of innovative . OKR failed KPI failed

KNN now genting management only show king card work seriously appoint new four-member board VVIP manage resorts world las vegas

so many vvip on board now Murren, who was CEO and chairman of MGM Resorts International from 2008 to 2020, will be joined on the part-time board by former Nevada Gaming Control Board Chairman A.G. Burnett, now a partner at the McDonald Carano law firm, longtime gaming industry human resources executive Michelle DiTondo and Genting Berhad President Kong Han Tan.

that why i said annual pass is very important to them because it will bring more parent put genting as priority holiday trip kids can play thier own in theme park whole day parent can go thier adult gaming play whole day

not low cost casino is use non gaming offer and convert them to gaming income
like theme park we offer free entry but we can earn from f&b income this is how china company they well play they lure traffic to thier properties 1st then only play convert game

SPEED99 MRDIY AIRASIA all using lower price stragegy grab market share in compeitivie market boost the growth but GENTING still learning western branding stragegy look at BMW MERCEZ all die already

really sad to see genting from sky drop to ground now . so many resources so many good card in hand but still loser lol ASEAN the only one casino brand can easily get bid thailand and UAE lisense if they really work hard and agressively create income learn china company stragegy like MI XUE , HAIDILAO , BYD all is selling cheap than competitor 1st grab the market share then only start filter customer by increase price

management really need think again of KPI put the right leader to lead company
cannot one man show overload . if not thailand casino how to bid ? how you convience thailand goverment give you lisense if you cannot bring more tax to them .

that why company cannot hire accountant background director because their mindset like robot

noob hai management accountant background really noob shit
3-1= 2 thier mindset they never think 3-1 can become 4

every traveller will not because of saving money to lose the experience
because for them time is cost thier holiday is very limited

hospitality is not low return you can see ebitda is very strong
hospitality dont need produce something to earn its can be unlimited like theme park i can sell unlimited ticket until it flood flood until you cant stand is your problem then just get vip ticket
vip ticket flood then just go vvip ticket earn several time from 1 customer

need fire the old school management because they re road blocking to genting do better
people sell annual pass + vip ticket stragegy they still aiming selling normal ticket in live
really BODOH sales & marketing team . should promote more annual pass let the theme park flood then promote vip ticket double earn

they need go haidilao and go sunway lagoon survey how is the trend all famous theme park only genting dont have night ticket sell gamuda sunway icity also got night park ticket .

you cannot blame thier profit no growth in fact profit & revenue is growthing but profit growth slower than CAPEX so nearly 50% of EBITDA is in non cash item
they re best of the best management but the result quite dissapointed
for REINVEST KPI is failure

the problem is still BIG CAPEX low return
management keep focus EBITD growth but never have someone told them the main problem is the ROA return is very weak showing their performance problem is BIG CAPEX low return .

if look at ebitda genting is growthing if you want shoot you only can shoot why capex invest not match with return depreciate to EBITDA is nearly half 50% when 2019 was 33% depreciate to EBITDA this 10% of increase = 800m reflect in net profit

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