read the 7th paragraph carefully

PETALING JAYA: The legal proceedings between Genting Malaysia Bhd and Twenty-First Century Fox Inc and The Walt Disney Co are likely to affect visitor arrivals at Genting Highlands, according to Public Investment Bank Research (PublicInvest).

The research house noted that the legal tussle will take time to conclude and in the meantime, the opening of the theme park is likely to be further delayed.

In light of this, it has slashed visitor arrival growth rate forecast from 8-9% to 3% (based on 10-year historical average) for FY19-20F, which in turn also resulted in a cut in earnings forecasts by 9-16%.

“We have also ascribed a lower PE multiple for the Malaysian gaming operations in our SOTP valuation (from 14x to 9x), given the uncertainties surrounding its GITP (Genting Integrated Tourism Plan) project,” the research house said in a note.

The project could still remain in a limbo without a key attraction even in the event of Genting Malaysia winning the legal proceeding and receiving the US$1 billion (RM4.2 billion) compensation.

PublicInvest is of the view that seeking an alternative intellectual property licensing would be a challenge.

“We would like to highlight that there is also a potential impairment risk on GENM’s (Genting Malaysia) investment in promissory notes for the financing of the Mashpee Wampanoag Tribe’s development of an integrated resort in the US. Its total investment (including accrued interest) in the promissory notes as at June 30 amounted to US$426.3 million,” it added.

The US Department of Interior is reviewing the Tribe’s rights to the land which is subject to a legislation being introduced and passed in the US Congress.

Genting Malaysia said on Tuesday that it is suing Twenty-First Century Fox and The Walt Disney for more than US$1 billion for terminating their contract to develop a Fox-branded theme park at Resorts World Genting in Malaysia.

The Fox theme park is a key selling point of the Malaysian casino resort group’s multi-billion ringgit Genting Integrated Tourism Plan.

The Walt Disney Co is in the process of acquiring Twenty-First Century Fox.

Walt Disney and Twenty-First Century Fox had reportedly rejected claims in the lawsuit accusing them of abandoning a licensing contract tied to the planned construction of a Fox-branded theme park.

Disney and Fox said Genting Malaysia Bhd’s respective claims against them were “without merit.”

PETALING JAYA: The legal proceedings between Genting Malaysia Bhd and Twenty-First Century Fox Inc and The Walt Disney Co are likely to affect visitor arrivals at Genting Highlands, according to Public Investment Bank Research (PublicInvest).

The research house noted that the legal tussle will take time to conclude and in the meantime, the opening of the theme park is likely to be further delayed.

In light of this, it has slashed visitor arrival growth rate forecast from 8-9% to 3% (based on 10-year historical average) for FY19-20F, which in turn also resulted in a cut in earnings forecasts by 9-16%.

“We have also ascribed a lower PE multiple for the Malaysian gaming operations in our SOTP valuation (from 14x to 9x), given the uncertainties surrounding its GITP (Genting Integrated Tourism Plan) project,” the research house said in a note.

The project could still remain in a limbo without a key attraction even in the event of Genting Malaysia winning the legal proceeding and receiving the US$1 billion (RM4.2 billion) compensation.

PublicInvest is of the view that seeking an alternative intellectual property licensing would be a challenge.

“We would like to highlight that there is also a potential impairment risk on GENM’s (Genting Malaysia) investment in promissory notes for the financing of the Mashpee Wampanoag Tribe’s development of an integrated resort in the US. Its total investment (including accrued interest) in the promissory notes as at June 30 amounted to US$426.3 million,” it added.

The US Department of Interior is reviewing the Tribe’s rights to the land which is subject to a legislation being introduced and passed in the US Congress.

Genting Malaysia said on Tuesday that it is suing Twenty-First Century Fox and The Walt Disney for more than US$1 billion for terminating their contract to develop a Fox-branded theme park at Resorts World Genting in Malaysia.

The Fox theme park is a key selling point of the Malaysian casino resort group’s multi-billion ringgit Genting Integrated Tourism Plan.

The Walt Disney Co is in the process of acquiring Twenty-First Century Fox.

Walt Disney and Twenty-First Century Fox had reportedly rejected claims in the lawsuit accusing them of abandoning a licensing contract tied to the planned construction of a Fox-branded theme park.

Disney and Fox said Genting Malaysia Bhd’s respective claims against them were “without merit.”

@feimah, they will average down the cost and sell when ikan bilis are ready.

nope, I retire next month.

I cut loss this.counter because hor, they might not be able to modify or change the theme before the lawsuit concluded. wasted years of waiting and waiting again now and in future. jialat

we got info damn late lah

the assessment about how the taxes revised could impact genm also not yet come out, got fox's termination also din announce earlier until lawsuit. some more, lawsuit against Disney in US. really want ikan bilis die meh? I suspect one large batch ran away liao with insider info. what you guys say? why no signal at all earlier before the lawsuit? like today terminate, today I sue you, are everything happened on same day?

you see!!! see!!! management don't even come out to say something to restore confident. do they care many uncles and aunties going to retire next month with their money invested in genm at 4.55 earlier?!!!

I admit this morning and afternoon I got terkejut, the price dropped so much and fast suddenly, I thought something bad happens like genm. mana tau just because profits drop due to the slow construction business in medium term. really heart attack

net asset value = 1.60, best buy lower than this value. especially now. discount gao gao. sooner later I go in board

haha, challenging good stock. diamond in my eyes

one word, tp5.80

@ Amei, amei ah. now u baru ask this question, late bo late ah?

kesm hengyuan = become kesm heng, I also don't want to buy.

golden opportunity ah, in hand don hv at least 0.5m, macam mana play pun tak excited.

hopefully, can raise ngam ngam 100k for tomorrow trading alone.

I ngam ngam raise 30k from someone plus my leftover 30k, tomorrow all in.

if this company drops to 0.01, I buyout it. Mark my word

sure rebound, experience investors know that.

我吃定定这粒股，hold it like my baby.

however, we can gamble on ihh, fgv and tm also to make some quick money.

nowadays, the companies which got positive earnings. 谢天谢地d

diu, petronas has been forced to vomit out 50b SD, even it's account soon in negative.

counter sue is normal if they got solid evidence. luckily my AA got good news to wash away my miserable in this stock.

I see the positive profits as good signal to stay in industry.

LGE said give ph 3 years

property related segment needs 3 years to recover. invest or cut loss at own risk.

make me terkejut only, if did not see clearly, I might dump the stock also from my portfolio. 想害死长期投资者吗？

apparently, the Accounting dept is no good at matching job, please average the expenses across the quarters lah, wth.

I can see the growth in its revenue, will do more study for what expenses cause the negative.

however, beware on the trend if you want to average down your cost.

yup, this stock is still worthy in my analysis. i am positive towards it.
no wonder today.dropped so much lab, so panic meh?

tomorrow I sure all in

if all my stocks in portfolio are like AA, I don't need to worry day and night liao.

this airline I really like it in my portfolio

after TM, then topglove liao. haha, thanks AA for years.

TM 烂铁还有三寸钉

I tell u ah, I never let go AA, scientx and time. mai xiao xiao these 3 stocks. now I need to find money to pump in TM

AA in my portfolio for don't know how many years liao, really save my portfolio from the mess.

AA always never let me down, last time dropped to 1.3, I also bought in.

don't care, tomorrow I sapu another 5k shares

all companies which have net profits in year 2018 is good like hell liao, can't demand much

pukimak ihh, I missed the train today. up so much even huge loss. niasing, woke up late liao.

good job air asia!!!! I satisfy with this net profit and dividend.

gg stock, run....

tomorrow 6.11

your money is at stake.

genm is now in the casino game itself. kakaka

consumer segment is better than other industry, very safe kind of the stock.