Group accounts are all artificial. Since all Genting's subsidiary companies are limited companies, Genting does not have the means to touch their cash unless these companies declare dividends to Genting or pay licensing fees, management fees to Genting. All limited companies are separate legal entities. So the tax is actually on the dividends, fees... Genting receives. That is the reason why the law requires it to show also their results at company levels. It is the same for all other companies.

"As for 2021, I can guess that at company level, it has probably made over 1 billion before tax. Its revenue is from dividend income from all its subsidaries n management fees from all its subisidaries."

Correction:-

I would like to correct the above posting. Unless, its subsidaries increase their dividend payment, the profit at company level is probably the same as that in 2020.

Sori, an error in the last posting. In 2019 Genting , at company level, made a profit of 1.2 billion taxed 150 million leaving a profit of 1 billion.

As a comparison, in 2019 Genting, at company level profit is 1.8 billion.

Genting's 2020 annual report shows that : at company level, Genting actually made a profit of 741.8 million taxed 60.7 million leaving a profit of 681.1 million.

That is for 2020. As for 2021, I can guess that at company level, it has probably made over 1 billion before tax. Its revenue is from dividend income from all its subsidaries n management fees from all its subisidaries.

That is why Genting is financially sound.

Qtr results only shows results at group level. But tax is based at company level not at group level

I looked into the chart from Elliott Wave lens.

Hiap Teik has already its 5 wave uptrend that started in 2020. The last wave 5, with all its overlaps, is an ending diagonal. An ending diagonal means "the train is returning to its station". The top of the last wave 5 is not able to go past the last wave 3 high, indicating a failed wave 5.
The ensuing correction is bound to be deep.

Dealing in shares by principal officers means they are selling

Evergrande crisis is nowhere near Lehman. The 2009 crisis in US is caused by sub prime. There is no sub prime in China. The western media is crying because a lot of their investors bought Evergrande bonds. Maybe those investors may lose. Every investor is responsible for his investment decisions.
Like the 1997 Asian crisis, those western funds which lost complained that laws in SEA countries are not good. They look at the markets solely from the western perspective. They kept buying while the Japanese are actually selling.

How practical is tax on share trading? If profits on share trading can be taxed, losses on share trading can also be offset.

How many individuals can make huge capital gains? It is those funds, ASN KWSP KWAP ........

Wall Street’s Message on Evergrande: China Has It Under Control
Stock Markets3 hours ago (Sep 21, 2021 05:18AM ET)

Posted by Tobby > Sep 21, 2021 1:02 PM | Report Abuse

Juliana! Exactly! That's why China prevent this from happening! In a way, i think China did right by declaring atheism!

China is practising true secularism. That are lots of places of worship in China. The only difference is the state does not bring religion into its administration. The state does not propagate religion.
But ppl are free to worship since religion is private.

The building of places of worship needs approval from the state.Ppl cannot worship on the streets. No road side shrines are allowed.

I myself have been to places of worship in China. I also saw locals praying inside.

"dealings in securities by a principal officer" means this man is selling.

The writing is already on the wall for gloves some time ago. The players fixated themselves on the qtr EPS as if it is cast in stone.

as it is C89 is now out of the money.So those Investment bankers who issued the call warrants can sleep well.

I perused the strike price of TNB call warrants expiring in Sept

C84 maturity 27 Sep-strike price 11.44

C89 maturity 30 Sep-strike price 10.59

TG is roughly $9.81 before bonus based on this price now.

Why worry? US has lots of vaccines. Pfizer is now asking for 3rd jab or 4th jab.

Posted by whytwocare > Aug 12, 2021 9:51 AM | Report Abuse

check out the latest analysis for Maybank here: https://www.youtube.com/watch?v=y9LClhHnuXk

If you use Tradingview , after adjustment for dividend etc.. the chart does not look the same as that in Investing.com.

Posted by calvintaneng > Aug 10, 2021 6:39 PM | Report Abuse

The answer is obvious lah

Top glove wanted to be in Fortune 500 the exclusive club of US domination. Even huawei also got kicked out

Supermax is still relatively unknown so little threat

As for Esg on gloves and palm oil US should banned its cigarrete and weapons export

Gloves protect lives and palm oil is food while cigarrete cause cancer and pollution and weapons kill people

I totally agree with you. US economist, Richard Wolff, said there is no such thing as free trade. 'Free trade' is only used by US for PR purposes. The US uses other weapons such as 'human rights', 'ESG'..etc against others when they cannot compete.
Maybe, TG boss thought US is a beacon for 'free trade'.

osted by wallstreetrookie > Aug 4, 2021 12:59 PM | Report Abuse

It’s fibre optic Internet. Not fixed line duh. What year were you all born?

This is what I read from an analyst from AmInvestment Bank

"To some extent, Goh opined that TIME dotCom Bhd could also experience some heightened competition given that the company does not have any mobile options at this juncture."

Maybe you should ask him.

Government regulations affects the business sector. Now, here comes fixed line numbers portability. How would this affect Time?

Posted by RainT > Jul 26, 2021 9:23 AM | Report Abuse

DIGI or MAXIS

Never hold long term for Msia stocks

cannot play long term in Msia stocks , you will loss money or back to square 1 after many years holding

MSIA & USA is different

Msia dont have competitive advantage

Agree! As I look back, I am happy that I sold all my entire holdings of Maxis at 6.35 even though I should have sold at 6.85. But I was blinded by their dividends until Jibby gave the telcos his ultimate shock treatment. Like Keynes said: "in the long term, we are all dead".

Essentially, the US n UK are saying all countries must comply with UN rulings but they themselves would not comply any UN rulings.

Posted by kotatatata > Jul 8, 2021 5:57 PM | Report Abuse

They already knew August sales will be very bad so they keep selling ? Selling like mad everyday?-?

In a sense, you are correct. All their branches are closed since 10 May 2021 till now. Some of my friends asked me if I have any idea on when they are reopening. Other insurance companies are open.

All its branches are closed for business whereas other insurance companies are still open.

EU bans palm oil. That is why the merger between between n Celcom n Digi left out Celcom's Indonesia unit. Indonesia said they will not approve the merger due to EU banning palm oil.

The greatest threat to Europe is from Africa not China or Russia. China is not a threat to them due to geography. The reason being the West did not help Africa to develop. The West deliberately kept Africa poor. Ship loads of migrants from Africa will ultimately overwhelm the European population in the future. Every now and then, we hear Europe talking about BRI, a debt trap. If they are smart, they should thank China for helping Africa develop.

Posted by arv18 > May 28, 2021 2:07 PM | Report Abuse

Let me break it down for you dummies.

There is no drums of war.

Agree! Who wants to send their sons n daughters to the frontlines fighting another country's war ?

previous close : 5.91 today : 6.10 close : 5.90 -- a gain of 19 cts during the day but lost back 0.20 cts at closing. A gains erased at close.

The Edgemarkets today :

(May 12): Sinovac Biotech Ltd.’s vaccine is wiping out Covid-19 among health workers in Indonesia, an encouraging sign for the dozens of developing countries reliant on the controversial Chinese shot, which performed far worse than western vaccines in clinical trials.

Indonesia tracked 25,374 health workers in capital city Jakarta for 28 days after they received their second dose and found that the vaccine protected 100% of them from death and 96% from hospitalization as soon as seven days after, said Health Minister Budi Gunadi Sadikin in an interview on Tuesday. The workers were tracked until late February.

Sadikin also said that 94% of the workers had been protected against infection — an extraordinary result that goes beyond what was measured in the shot’s numerous clinical trials — though it’s unclear if the workers were uniformly screened to detect asymptomatic carriers.

I suppose they are setting up a new co to take over the listing status of Digi n Celcom. The question is what is the exchange ratio for those who hold Axiata n Digi ?

Lots of ppl who bought their advance plane tickets now submitting proof of debt to the Receiver of AAX

Competition will be on price since network quality is the same. The obvious bene is Umobile. It will be a volume game with low margins. And then again gomen will come in to regulate the price like Mr Singh did to TM

In the past, each telco build their own, so some have better networks. Now, with gomen in the pic, this advantage is gone. So, every telco's network quality is the same. Super normal profits are long gone.

They said abt synergy but 5 g is now build by gomem n every telco will have equal access.

Whatever Fed says, it is already a foregone conclusion. It is QE infinity in US. Normalisation of interest rates is not possible even before covid.

"The business combination is expected to be completed in the second quarter of 2021, whereupon GX Acquisition Corp will be renamed Celularity Inc and the shares of the combined company will be listed on Nasdaq," he said.

The last time they failed to merge cos the merger includes Axiata's Indonesia arm. Indonesia objected to the merger because EU banned palm oil.
I wonder this time around if the merger is exclusively its Malaysia operations.

If yesterday's red wave could not bring Gent below 5.00, it means the correction is already over.

From Elliott wave perspective, we are now on the start of wave 5 of a one degree higher wave which could end at 6.00

Good luck!

There is no forced labour in M'sia. All workers are paid. We only have a useless minister.
Bangla workers are free to leave M'sia if they wanted to. Nobody point a gun at their heads.

Posted by Stocksafeplayer > Mar 31, 2021 4:32 PM | Report Abuse

If my husband say he will give me this or that after he’s gone, I won’t believe one word of his cos wills can be contested by unknown external parties.

I would only believe my him if everything he has is transferred to my name :)

You are wise.

Useless minster. So, did Felda tarnish M'sia's image ???

Posted by 888Cheng > Mar 31, 2021 2:18 PM | Report Abuse

Long established giant Glove Company overlooked on risk management. Yet, this is the very basic market and industrial risk that can be prevented.
What kind of HR strategy the corporate has? Lousy Management.
Should I pray the share price to go down further to do averaging??

Agree. Just google Prof Richard Wolff in Utube. This US professor said there is no such thing as 'free trade". "Free Trade" mantra is just a US PR to the outside world. They use other means to stifle a competitor even if it is a US ally. That is what they did to Japan.

"seize" means they are getting it for free.

Our media should interview those Bangla workers to ask them if they are forced to work in TG.

That is why businesses must diversify their export markets n trade with every country. Don't just rely on one market.

Essentially, US is saying Bangla workers are forced to work in TG.

Posted by Live2Win > Mar 30, 2021 12:19 PM | Report Abuse

I am wondering how US treats their Mexican and other migrant workers from other poorer South American countries. Are they provided with 5-star comfort hotel and better salary or on par with the local American counterparts? Please be honest with us...

Everyone knows this. They are exploited. The authorities just close one eye for the cheap labour. If u have friends living in the US, you will know.

They are saying Bangla workers are forced labourers. They are saying Uihger actors n actress are forced to act. These allegations does not have any credibility at all.
If your company's export market is just the US market, I would say it is high risk.