Do not need to speculate now.

Q3 results to be announced this Friday. According to CIMB, there will be a conference call. Do need to speculate now.

The asset owner is still GenM n operator of theme park is still GenM. If Fox is the operator of theme park, then u have a lot to worry abt.

The children of the 60s grew up with Disney but the new generation doesn't. Without Disney is not a disaster.

Posted by trulyinvest > Nov 27, 2018 11:12 AM | Report Abuse

should boycott Disney hk, shanghai n tokyo

I have been to Disney HK n Shanghai. Nothing special. Probably a out of trend business.

Fox theme park is only one of the components. Other components are already in operation. Other entertainment companies can rush in to fill the void.

GenM is entitled to compensation as Fox broke the contract. Fox would likely to settle the compensation behind while the court case goes on. It would make GenM agree that it will not claim loss of profit later if Fox keep licensing other resorts with casinos elsewhere.

In summer, theme parks are usually does not have much traffic but Genting is all year round with its cool weather.

Nov 27): Genting Malaysia Bershad sued 21st Century Fox and its soon-to-be new owner, the Walt Disney Co., for pulling out of an agreement for a Fox World theme park at its casino resort outside Kuala Lumpur.

Genting is seeking more than $1 billion in damages, according to a complaint filed Monday in federal court in Los Angeles. The reason Fox terminated the deal, according to Genting, is that Disney doesn’t want to be associated with a gaming business.

“Disney wanted no association with a gaming company like GENM due to Disney’s ‘family-friendly’ brand strategy,” Genting said.


The new owner of 20th Century fox pulled out of the contract which means they must pay compensation to GenM

My main duty to voice consumer complaints, not boost telco share price, says Gobind
Read more at https://www.thestar.com.my/news/nation/2018/11/21/my-main-duty-to-voice-consumer-complaints-not-boost-telco-share-price/#0MD2Rg5THSZohAWe.99

Posted by hollandking > Nov 21, 2018 11:30 AM | Report Abuse

think is not TM's staff, the petition likely came from someone burnt in the stock market holding TM. LOL

Most of the time when someone get burnt badly in the market, he doesn't think logically anymore. U can see the logic issue.

I agree with u totally.

The petition is even not worth reading. Where is his concern when Jibby raised spectrum fees that saw Digi n Maxis fell ??

Echos of Lay Hong in TM.

Who are these "third-party contractors" n what the hell are they doing.

PETALING JAYA: Telekom Malaysia Berhad (TM) has announced that its Internet services have been down since Saturday (Nov 17) night due to multiple fibre cable cut incidents by third-party contractors in Sentul and Sabak Bernam.

What a joke!

(Nov 19): UOB Kay Hian analyst Vincent Khoo upgraded the recommendation on Genting Malaysia Bhd to "buy" from "hold".

* Price target (PT) raised to RM4.30 from RM3.95, implies 19% increase. Genting Malaysia average PT is RM4.57.

To a certain extent, that concern has been mitigated by the "screening process" by TheEdge team.

Thanks for highlighting this, Dali.

The scale of the crisis already tells u what to expect. Which bet will u take. I sold off all my shares n bought back in Sept 1998.

Diversification increase the risk. In a big downturn, u will lose even if u diversify.
Take 1997 as an example. U will still be affected even if u diversify. The winners are those who sold all these shares n bought back in 1998.

All these call warrants are issued by investment banks and have nothing to do with the companies themselves.

It is legal n sanctioned by Bursa. The investment banks then invites u place yr bet. If the mother share falls n these warrants go out of the money like toilet roll, the investment banks will laugh all their way to the bank.

U should be complaining to the Securities Commission.

US today is all abt US First policy. Put it bluntly, US today is about "Whites First " policy.

The second is to study the history of credit and credit card debt, There was a point in time when americans were net savers.

But these good times of 1950s n 60s are already long gone.

Genting is on the right course with GITP. Without it, Genting will not be able to attract visitors.

I visited Macao when they are still building the Parisan. After the completion of Parisan, I went there again. Tourist would come back again n again if there are new attractions. Macao is building the MRT n when it is in operation, I will visit Macao again.

LKY certainly knew what he was doing when he approved building casinos in S'pore. Protectionism, trade barriers etc means making a living is never easy for the nation state. Now Japan n S.Korea is following suit.

Posted by Jonathan Keung > Nov 7, 2018 11:28 AM | Report Abuse

pakatan hits hard at casino ! good or bad ( depends which side you are sitting )

IT only means winter in M'sia is coming. Bn raided the telcommunications sector, PH, the gaming sector. The signs that M'sia debt laden with no money.

Next budget, which sector to raid ? ... I remember one Carlsburg...

Posted by Victor Yong > Nov 5, 2018 06:43 PM | Report Abuse

Revised target price today:


Average target price should be RM4.6+
CIMB RM4.85
MAybank Rm4.40

Why they keep revising?

How IBs calculate, I don't know. We have to ask them. If u lump up its local n overseas profit today n assume local casino operations contribute 100% to its earnings, u get a terrific figure

I think someone has already posted. Casino operations (M'sia only -excluding US, UK, Bahamas..) contribute 40% to is earnings, the rest from leisure operations.

Banks all fully or overvalued. If u buy a fully or overvalued stock, u have less chance to profit.

How to regret? Jibby took step 1. Now we are at step 2.

If there is no step 1, there is no step 2.

Gomen can announce increase in tax on these counters after budget. BN had done this before. I won't touch them. This situation speaks much about the state of the country's finances.

If gomen start raiding private sector blue chips, winter is coming.
First, Jibby raided telecomunications sector by hiking spectrum fees. Now Ph is raiding the gaming sector.

If u look at the KLCI components, there is nothing worth buying. Those investment banks are still talking abut 1800 points at year end. I do not buy this.

Better to spend time charting how low KLCI would go.

The damage is more widespread. Most Unit Trust have these 2 counters. Luckily, I did not buy any unit trust despite receiving phone calls from those bank sales person.

Investment banks are most happy. All these call warrants out of the money.

limit down

Harmonic support at 3.70

A sign of the times : When the gomen raid the profitable blue chips, winter is probably coming. It started with Jibby raising hefty spectrum fees which kill off the telecommunication sector to bury his hole. Then PH now raids another profitable blue chip to make things right.

Be investment light. Just play play for fun. Keep your cash.

Read this posting by a forumer who holds shares in Galaxy n Sands Macao in GenM blog

quote
Posted by Kpin Yeoh > Nov 3, 2018 11:42 PM | Report Abuse

Previous gaming tax is 25% gross + 25% cooperate tax,
Current gaming tax 25% gross +25% cooperate tax 43.75%
2019 gaming 35% gross + 25% cooperate tax is 51.25%
Total addition tax impose is 7.5%

Base on the recent year financial result profit from Gaming vs Other ( Hotel, F&B, Amusement and Etc) is 40/60 ( not consider income from UK and US), so the total addition tax impose could be 4% or less.
Regarding the re-newer license yearly addition on 30 million or 7.5million/ Quarter.
Currently GenM made 465million gross profit/ quarter compare with 7.5mil is not significant.

Since indoor theme park and Fox Century theme park is opening soon, the profit from Amusement will be more compare to gaming and not forget GENM still have tax incentive of GITP, which can easily offset the addition tax in 2019.

I happened to queue on Friday at 4.54 to buy, someone sold out big block to me, I am unsure whether is good or bad news but for me I will keep this counter for a while. Lets see

I own some other gaming stock for Galaxy Entertainment and Sand, I feel that GENM still a bargain compare to both Galaxy and Sand. Macau have total 6 gaming licenses (fierce competition) while Malaysia have only 1 gaming licenses with no competition. I might consider to realize the profit from both Galaxy and Sand to switch to GenM if have bargain price on Monday.
unquote

Reporters always opt for drama. The increase in gross collection tax is 7.5%. Taking into account that casino contribution to Genm's profit is 40%, the additional tax is actually abt 4%. One Nomura analyst has written that the market has already price in almost a 10% increase.

A lesson for long term players. Keynes said: "In the long term, we are all dead".

I have already stopped applying IPOs. Those golden days are already dead n gone with the wind.

(normal day are very low win rate alr)

Try playing after midnight. I went to Venetian Macao casino after midnight n play their slot machine n money kept pouring out.

With so many KLCI component stocks hit, how low will KLCI go ?? Telcos hit, Leisure companies hit, Construction Cos hit ...

Better stay out of the market.

Do not trust investment banks. when they participate in the IPO, the say it is fairly priced. Then they will give comparisons like "this IPO is priced at PE of 13 while the average PE for the industry is 14 ..."

What is the difference between PE 13 n PE 14 ? There is no margin of safety at all.

But share price from RM5 kena rumour said naik tax, ady drop to this level. But after all the impact still okok, will drop some more meh?

Exactly. Most probably sold after 4.45 when they got the news. Sell first, ask later.

Casino business in M'sia is under GenM but GenM also owns casinos in UK, US, Bahamas etc..

Ph govt taking 1bil out of pocket for fiberisatoon.

Probably to help TM.

BN dug a huge deep hole. When they are desperate, they will also keep raising taxes. At least, PH wants to stop this rot.

after PH took over, I don't know how to invest anymore. buy blue chips all down like shitting. I aldy said earlier if BN won, the market really favour us. now.. all regret right?

Gomen all alike. I am sure u remember, BN was the first to hit the telecommunications sector by raising hefty spectrum fees. Maxis dropped from its high of 7++ to 5.65 in a knee jerk reaction.BN gomen not angels.

The only negative is Genting is still in its correction mode.

Most of these expectations already priced in. Most sellers who got the news probably sold after 5.45 by selling lower than the last buyer's offer. Sell first, ask later strategy.

should be 4.45 n not 5.45 as stated.

Genting is the holding company of all its gaming n leisure companies world wide. It is probably not much affected. But share prices are based on sentiments in the short term.

Most of these expectations already priced in. Most sellers who got the news probably sold after 5.45 by selling lower than the last buyer's offer. Sell first, ask later strategy.

license fee is paid by Genting. Gaming tax on patrons ?

FLASH: Annual gaming licence fee for casinos to be raised from RM120m to RM150m; gaming tax on casinos to be raised to 35% of GGR