Investing Experience -
Risk Profile -
Followers
0
Following
1
Blog Posts
0
Threads
264
Blogs
Threads
Portfolio
Follower
Following
Summary
Total comments
264
Past 30 days
1
Past 7 days
0
Today
0
User Comments
Stock
Stock
2024-09-17 22:59 | Report Abuse
（吉隆坡17日讯）大马货运代理联合会（FMFF）与MyEG（MYEG，0138，主板贸服股），今日签署了解备忘录（MOU），以期向前者会员推广采用ZTrade平台。
去年6月面市的ZTrade，是MyEG旗下的首层公共区块链平台Zetrix所搭建的跨境贸易便利化服务平台。
成立以来动作频频的ZTrade，目前已覆盖投资、贸易及工业部，还有中国海关总署（GACC），签署的原产地证书（COO）数字认证。
另外，采用ZTrade的贸易商借此平台，还能取得农业与粮食安全部颁发的植物检疫及其他产品证书的数字认证，从而实现双向跨境数字化贸易文件管理。
今午，上述双方在吉隆坡举行了备忘录签署仪式，并由投资、贸易及工业部长东姑扎夫鲁亲莅现场见证并致辞。
扎夫鲁致辞时称：“自2022年12月，大马2030新工业大蓝图（NIMP 2030）出台，配合团结政府落实的政策，都刺激了本地投资者与商人的信心。”
增强马中贸易
“因此，我国7月份贸易额才会年增逾18%，缔造近两年来最佳的贸易表现。”
他续称，中国已连续15年成为我国主要贸易伙伴，去年（2023）的马中贸易总额，更上看4510亿令吉左右，占我国贸易总额17.1%份额。
“中国总理李强今年访马，还启动了新一轮的马中贸易周期，即从今年起持续至2028年为止。”
而MyEG旗下的Zetrix，此前还跟中国海关旗下全资机构——东方物通科技有限公司（East Logistics Link），缔结了独家合作关系，拟共建东盟成员国单一贸易窗口。
大马货运代理联合会，与MyEG签署了解备忘录后，旗下会员便能采用ZTrade，以国家单一贸易窗口的形式，迎合数字化并简化程序，改善国际贸易的便利。
完善生态系统
MyEG联合创办人兼董事经理黄天顺称：“其实跟FMFF合作不仅限于技术，因为MyEG一直力求携手行业及利益相关者，让ZTrade满足本国独特的贸易需求。”
他期待ZTrade能够成长为一套完善的生态系统，以供行业与利益相关者全面的数字化和简化服务，从而彻底改变国际贸易形式。
大马货运代理联合会总会长拿督谢汉廷表示：“本会一向致力促进本地货运代理的竞争力，因此，很高兴能跟MyEG合作，我们也会确保会员们采用ZTrade平台。”
视频推荐 ：
Stock
2024-09-07 11:25 | Report Abuse
KUALA LUMPUR (Sept 6): MyEG Services Bhd said it has teamed up with an agency of China's customs in a bid to secure the Royal Malaysian Customs's “single window” project.
The government e-service provider has signed a heads of agreement (HOA) with East Logistics Link Co Ltd (ELLC) to work exclusively together on securing and operating the project.
ELLC is a wholly owned agency of the General Administration of Customs of the People’s Republic of China.
Advertisement
Inpage Mrec Ad
Under the HOA, the parties will collaborate on implementing the project, defining its structure, obtaining regulatory approvals, developing a business plan, securing funding, and pitching to the relevant Malaysian agencies.
The project will proceed only if a legally binding definitive agreement is negotiated and signed by the parties and all necessary regulatory or third-party approvals are obtained.
In a separate statement, MyEG said the initiative enhances the partnership between MyEG and ELLC, building on their existing collaboration on ZTrade — a Web 3 service for verifying and exchanging digital trade documents on the Zetrix blockchain platform.
MyEG said this collaboration combines its expertise in e-government services and Web 3 technology with East Logistics' experience in China’s international trade systems, including the development and maintenance of cross-border trade e-commerce platforms.
The company added that the parties also aim for the project to be developed on the Zetrix blockchain, further advancing the adoption of Web 3 technology in Malaysia and across the Asean region.
Shares of MyEG closed unchanged at 91.5 sen on Friday, giving the company a market capitalisation of RM6.88 billion.
Stock
2024-08-29 20:43 | Report Abuse
吉隆坡29日讯）云顶（GENTING，3182，主板消费股）公布2024财政年次季业绩（截至6月30日止），净赚2亿3966万令吉，按年增升49.27%，上年同期为1亿6055万令吉；营收为68亿5943万令吉，按年上升3.01%，上年同期为66亿5915万令吉。
云顶上半年净赚8亿2852万令吉，较上年同期的2亿5858万令吉激增220.41%；上半年营收为142亿9076万令吉，较上年同期的124亿8166万令吉，上扬14.49%。
董事局宣布派发每股6仙首次中期股息，除权日为9月17日。
与此同时，云顶大马（GENM，4715，主板消费股）公布2024财政年次季业绩（截至6月30日止），净赚8224万令吉，按年上涨74.52%，上年同期为4712万令吉；营收为26亿6945万令吉，按年上升7.88%，上年同期为24亿7453万令吉。
云顶大马上半年净赚1亿4002万令吉，较上年同期的1974万令吉激增609.18%；上半年营收为54亿3436万令吉，较上年同期的47亿5802万令吉上扬14.21%。
董事局宣布派发每股6仙首次中期股息，除权日为9月17日。
云顶大马通过新闻稿指出，云顶世界（Resorts World Genting）的赌场与非赌场业务表现出色，推动休闲和酒店业务的营收增长5%，至16亿1510万令吉。
此外，英国与埃及的业务营收录得20%增长，而美国与巴哈马业务的营收亦成长11%。
与此同时，虽然联号公司--帝国度假村（Empire Resorts）赌场--卡斯基名胜世界（Resorts World Catskills）的营收有所下降，但哈德逊河谷名胜世界（Resorts World Hudson Valley）业务的贡献有所提升。
展望未来，云顶大马对休闲和酒店领域的短期前景仍持谨慎态度，但乐观看待长期前景。
Stock
2024-08-29 20:40 | Report Abuse
HY EPS 21.51 compare to last year's 6.72 consider improve alot
Can someone explain? (looks like everyone not satisfied with the Q2 results)
Stock
2024-08-12 20:52 | Report Abuse
这两年市场热烈拥戴人工智能（AI）相关课题，在2019年曾入选十大流行语的区块链（Blockchain）似乎黯然失色，逐渐消失在大众的视野里。
不过，人工智能和区块链并不是互不干涉的两个赛道，退居幕后的区块链也不意味着未来跟普通人毫不相干。
MYEG服务（MYEG，0138，主要板科技）集团创办人兼董事经理黄天顺认为，区块链和人工制互相不能取代，两者的互补将在下一代数码生态系统带来颠覆性发展。
区块链与AI各自具有独特的优势，区块链以其去中心化、安全透明和不可篡改的特性，为数据管理带来可信的基础；而AI通过学习和模拟人类智能，为各种应用场景提供了强大的决策支持。
黄天顺接受《中国报》电邮访问时指出，由于全球热烈炒作AI相关课题，目前围绕在区块链和加密货币的关注确实较少，但“区分炒作和现实”很重要。
“现实是，区块链和加密货币在现实世界的应用，仍在积极开发中。”
他强调，当全球迈向完全数码化的时代时，所有资产都需要进行数码化，而区块链便是担任这个平台，让人们拥有数码资产之余，也能主张个人的所有权。
“区块链在实现数码资产所有权方面发挥着关键作用，这是AI无法取代的功能。”
Tech先知｜AI将取代区块链？黄天顺：两者非竞争关系
黄天顺认为，区块链在日常生活中的开发依然有很大的发展潜力。
增强安全性的基石
黄天顺认为，AI和区块链实际上是互补科技，若成功将AI整合到区块链中，将提高去中心化系统的功能和效率，让操作变得更简易，并且能实现个性化用户体验。
同时，区块链也能在这方面将担任数据隐私、增强安全性和预测性维护的重要基石。
多年来，MYEG服务透过第一层区块链平台Zetrix站在区块链实际应用的前沿，另外ZTrade则利用Web 3技术，提供一个可靠的方案，达到安全、高效的贸易通关管理数码化。
MYEG服务长远目标是引领全球过渡至去中心化、安全、高效的数码生态系统，因此多年来致力于提供创新的解决方案，解决各行各业的挑战。
推动3大应用成主流
黄天顺指出，MYEG服务迄今仍致力透过推行数码ID、贸易数码化和央行数码货币，将区块链技术推向主流，真正的地运用在现实世界。
“这三种项目需要对广泛的资产进行数码化，因此需要区块链技术的帮助；这些资产不仅仅是金钱，还包括所有有价值的事物。”
此外，该公司目前正与马来亚大学和和中国资讯通信研究院（CAICT）携手研究，探讨将AI整合到区块链技术中，以与中国携手开发的ZTrade为例，透过融合AI技术，料能提高跨境交易的速度和便利性。
随着Zetrix与中国的国家级区块链——星火（Xinghuo）的整合，加上中国作为全球贸易强国的角色，Zetrix在推动跨境贸易数码转型方面占据优势。
他说，公司还会继续将AI整合到现有业务产品中，如旗下线上平台Compare，AI演算法可以分析用户偏好和行为模式，为各种保险产品提供个性化建议，简化用户的决策过程。
积极扩张东协市场
MYEG服务在中国的业务版图持续扩大，但黄天顺指出，公司的重点并不只在中国，也在积极扩展在东协国家和区域全面经济伙伴关系协定（RCEP）的国家。
“除了在大马和中国采用ZTrade，我们也与菲律宾海管局和货物资料交换中心合作，在菲律宾采用ZTrade，方便该国加速出口到中国所需的线上清关服务。”
此外，目前被中国公民广泛使用的数码凭证平台ZCert，未来也将扩展至其他国家范围，以支持政府机构实施数码化转型的举措。
ZCert可让用户将身分证或驾驶执照数码化，然后以可验证凭证（VC）的形式，储存星火上，而通过与星火区块链集成的Zetrix，国民身份证或驾照可验证凭证可以在国外展示，以供验证用途。
大马方面，在成功进行针对自动培训和驾驶测试系统的试点测试后，MYEG服务目前在进行的驾驶测试系统（MYDTS）研发也进展顺利。
Zetrix仍有极大潜力
MYEG服务在区块链的征途多年，黄天顺认为，公司目前已一步步接近当年所设下的愿景，即寻找可能重塑日常生活的颠覆性技术。
“考虑到这个愿景，我们率先开发自家区块链平台，将自己定位为Web3技术早期采用这，特别是在我们的区域，而这项愿景已透过Zetrix的开发而得以实现。”
他强调，Zetrix仍有很大的潜力；除了将其服务扩展至其他国家，公司也在考虑引入额外服务来提升ZTrade的功能，例如增强跨境贸易的供应链融资。
他相信，这项功能推介后将进一步提升MYEG服务在全球的影响力，减少依赖任何单一国家或特定服务领域。
Stock
Stock
2024-07-12 23:58 | Report Abuse
Zetrix区块链公司隶属于MyEG。（MyEG提供）
（吉隆坡12日讯）MyEG（MYEG，0138，主板科技股）透过马中贸易平台ZTrade，目前正扩大覆盖范围，其中涵盖中国海关总署（GACC）签发的原产地证书（COO）数字认证，好实现双向跨境数字化贸易文件管理。
该公司周五发文告指出，透过这项服务，能使ZTrade利用Zetrix区块链提供数字化验证和交换服务，成为真正意义上的双向跨境服务。
用户在使用时，利用该平台以数字化的方式，提交大马出口相关文件，将得到中国海关总署的认可，且能以绿色通道、加快贸易和清关方式铺平道路。
相同，从中国进口的国家，也能享用这些便利，如航运货贸易融资机构，同时，还能利用该系统启用智能合约，以自动化贸易流程和交易。
Stock
2024-05-29 20:26 | Report Abuse
KUALA LUMPUR: MY E.G. Services Bhd's (MYEG) net profit rose 47.09 per cent to RM155.83 million in the first quarter (Q1) ended March 31, 2024 from RM105.94 million a year ago on contribution from its Zetrix blockchain platform services and sale of Zetrix tokens.
The company's revenue rose 34.49 per cent to RM232.96 million in Q1 2024 from RM173.22 million last year.
"The increased was primarily due to revenue derived from the sale of Zetrix tokens," it said in a filing today.
No dividends were paid during the current financial quarter under review.
On its prospects, MYEG said for the financial year ending December 31, 2024 (FY24), it expects to continue introducing innovative services by leveraging on new technologies, specifically blockchain or Web 3.0 in Malaysia as well as globally, to drive its organic growth for FY24.
With its Layer 1 blockchain platform namely Zetrix coming online, MYEG continues to commercialise innovative services as Web 3.0 becomes widely adopted.
"Furthermore, Zetrix has also been integrated with China's national blockchain platform, namely "Xing Huo" which will allow ease of cross border trade to take place and it will be the company's foray into the global market. "Barring any unforeseen circumstances, the board is cautiously optimistic that the long-term outlook for MYEG remains positive as we continue to introduce innovative services in Malaysia as well as globally," it added. Ends
Stock
2024-04-08 22:14 | Report Abuse
分析：银河国际证券
目标价：1.15令吉
最新进展：
MyEG（MYEG，0138，主板科技股）有意继续推动Zetrix代币业务，其中放眼每季度推出100万个代币。
与此同时，公司放眼能在今年5月推出马中贸易平台ZTrade，而时间点也恰逢落在马中建交50周年。
尽管运输解决方案业务表现有所下滑，但是，伴随着外籍劳工招聘活动火热，相信会带动移民业务走强。
MyEG MYEG
行家建议：
在与MyEG管理层对话后，了解到公司的前景走势和目标。
进入2024财年，我们预计公司的Zetrix代币业务将增至1亿4300万令吉，占总营收的18%。
至于马中贸易平台ZTrade，无疑是个重要里程碑，因为超越其他国家率先推出平台。
此外，随着公司的当前平台已经开始营运，预计2024年的发展开销将降至1亿5000万令吉，有助于提振公司的现金流和改善债务水平。
另外，随着传统更新服务削弱，预计会拖累运输解决方案的表现，不过，移民业务将继续受益于活跃的招聘活动，推动许可更新和工作匹配业务。
我们将公司今明财年的每股净利预测，分别提高5%和7%，同时推出2026财年的每股净利预测。
综合以上，我们重申“增持”评级，目标价提高从原先的1.10令吉，提高至1.15令吉。
Stock
2024-03-12 19:02 | Report Abuse
吉隆坡12日讯）MyEG（MYEG，0138，主板科技股）收购海德（HTPADU，5028，主板科技股）股权备受市场瞩目，带动股价继续走高，而分析员看好双方合作能在电子政府服务方面有强大协同效益，继续喊买MyEG。
MyEG在3月11日宣布，于同月7日以共3125万令吉，透过公开市场和场外交易，收购海德14.40%股权。
BIMB投行研究分析员指出，实际上海德活跃于信息通信技术（ICT）领域，同时也提供广泛服务，包括系统集成、应用程式开发和托管基础设施服务等。
分析员表示，这一战略举措，无疑是在促进双方在电子政府服务方面的合作，同时能利用双方的专业知识推动创新。
分析员续指，就收购价格而言，整体对MyEG的财务影响，预计可以忽略不计。
值得注意的是，海德、迪耐（DNEX，4456，主板科技股）和铁达（THETA，9075，主板科技股）已从10家竞标者当中脱颖而出，入选全国移民综合系统项目（NIISe）项目的最终遴选。
与此同时，海德在过去6个月还多次获得政府颁发项目。
“有鉴于此，我们对此次的收购持乐观态度，因为看好双方能在特定领域上，产生显著的协同效益。”
分析员表示，就整体而言，相信MyEG将加强利用Zetrix区块链平台作为增长引擎，推动增长前景。
“放眼到了2026至2027财年，Zetrix平台的贡献将占营收的40%至50%左右。”
现阶段，分析员将MyEG在2024至2026财年的净利预测，分别提升43%、98%和108%。
“总的来说，我们重申‘买入’评级，目标价维持在1.15令吉。”
海德一度走高5%
自MyEG大举购入海德股权后，市场就跟着大举买入，推高海德股价走高，今日更是一度走高5.35%，至3.15令吉。
海德周二开在3.03令吉，股价犹如过山车般起起落落，一开市便迎来强劲买气，推高公司股价，不过，随之而来的便是套利观望情绪，股价一度滑落至2.60令吉，跌13.04%。
庆幸的是，期间有投资者进场扶盘，中午12.30休市时回升至3.05令吉，起2.00%或0.6仙。
值得注意的是，海德自2月份走出小股风暴之后，即展现出强劲的上涨势头。过去两周，该股已经暴涨了超过一倍。
至于MyEG，股价则没太大起伏，股价在78仙至79仙之间徘徊。
周二闭市时，海德收报在2.95令吉，跌4仙或1.34%，成交量497万4000股。
闭市时，MyEG收报在78.5仙，起0.5仙或0.64%，成交量3095万1800股。
Stock
Stock
2023-10-13 18:36 | Report Abuse
隆坡13日讯）政府将大马旅游年推迟至2026年，并为此拨出3亿5000万令吉促进旅游业；以及拨款1亿2000万令吉，维护及改善国内旅游景点。
财政部长拿督斯里安华指出，多元文化和遗产是我国特色，而我国也可为游客带来多样化的旅游特色，包括生态旅游、潜水、高尔夫及医疗旅游团等。
“我们应进一步发挥现有的旅游活动，以重振本地旅游业，使其成为国家经济成长的引擎。”
政府已将原定于2025年的大马旅游年将展延至2026年，放眼通过该项目吸引2610万名海外游客，并将在国内消费约976亿令吉。
为此，政府将拨款3亿5000万令吉以促进旅游行业，放眼将大马打造成世界顶级旅游胜地。
该款项将用于2026年访问大马活动、推广活动、为文艺业者提供资金主办艺术和文化活动、及向回教旅游中心拨款。
此外，旅游景点的美观、安全及清洁亦不可忽略；政府将拨款总计1亿2000万令吉维护及改善国内旅游景点。
其中的2000万令吉将用于玻璃市、彭亨州及森美兰州的景点维护资金；8000万令吉用于被联合国教科文组织（UNESCO）认可的文化遗产；2000万令吉则于吉隆坡文化资金。
同时，大马自由签证计划下将推出新措施，其中包括简化主要领域投资就业审批、延长国际学生滞留期限、和改善签证优惠，以鼓励更多海外投资者和游客入境，尤其是印度和中国游客。
大马也会放宽第二家园申请，以吸引更多外国游客和投资者，预计将有助提振大马金融市场和房产行业的投资活动。
调降娱乐税
安华也指出，政府现有25%的娱乐税将有所调整，其中本地艺术家的演出将被豁免娱乐税、海外艺术家的娱乐税则是10%、主题公园等的利率减低至5%，以激励本地艺术活动发展，促进国家旅游活动。
Stock
2023-03-10 11:34 | Report Abuse
KUALA LUMPUR (March 10): Kenanga Research has maintained its “Overweight” rating on the gaming sector and said casino operators disappointed in the recent 4QCY22 results season largely due to unfavourable forex movements, and for Genting Bhd (OP; TP: RM5.86) which was affected by weak plantation profits, while their casino operations saw improved performance across geographical areas.
In a note on Friday (March 10), the research house said that meanwhile, number forecast operators (NFOs) beat expectations with tickets sales returning to 69% to 82% of pre-pandemic levels.
“Our sector top picks are Genting, being a proxy to the recovery in the tourism activities both in Malaysia and Singapore, backed by the return of Chinese tourists, and Sports Toto Bhd (OP; TP: RM1.95) by virtue of its attractive dividend yield of circa 11%.
“We expect visitors arrivals at integrated resorts for both Genting Malaysia Bhd (GenM) and Genting Singapore to continue to recover in 2023, particularly with China’s reopening early this year.
“With this, Genting remains our top pick over GenM as the former is a proxy to the recovery of tourism activities in both Malaysia and Singapore, and has a more diversified earnings base that includes plantation,” it said.
Stock
Stock
2023-02-20 20:24 | Report Abuse
Genting Singapore has reported net profit of $340.1 million for FY2022 ended December, 85% higher y-o-y, as profit before tax more than doubled during the year.
Revenue grew 62% y-o-y during the period to $1.7 billion, while cost of sales grew 52% y-o-y to $1.1 billion.
The Directors have proposed a final dividend of 2 cents per ordinary share, double the final dividend paid the year prior. Together with the 1 cent per share interim dividend declared in 1HFY2022, Genting Singapore’s full-year dividend for FY2022 is 3 cents per share.
On a fully diluted basis, earnings per share as at Dec 31, 2022 stood at 2.82 cents, up from 1.51 cents the year prior.
The Group’s cash and cash equivalents stood at $3.6 billion as at Dec 31, 2022, up from $3.4 billion the year prior.
Total assets less current liabilities stood at $8.2 billion as at Dec 31, 2022, up from $8.1 billion the year prior.
Stock
2023-02-09 20:13 | Report Abuse
（吉隆坡9日讯）摩根大通认为，目前云顶（GENTING，3182，主板消费股）和云顶大马（GENM,，4715，主板消费股）在估值上具吸引力，是比云顶新加坡更值得投资的对象。
摩根大通大马分析员指出，云顶大马并不仅仅只是一家复苏主题股，除了当前估值偏低，其耗费100亿令吉资本开销的云顶综合旅游发展计划（GITP），也仍未充分发挥出增长动力的潜能。
“尽管业绩复苏的前景强劲，云顶大马目前的股价，只相当于2023财政年（12月杪结账）预测企业价值（EV）的8倍。”
他同时称，云顶大马的海外盈利，不止在封锁解除后回升了将近40%，其纽约赌场还可能赢获新的赌桌执照，有潜力为其除息税折旧及摊销前盈利（EBITDA）增加10%至15%。
“不仅于此，云顶大马或可从Mashpee投资项目和迈阿密资产脱售活动中，回拨价值10亿令吉的款项，是另一项潜在利好。”
此外，该分析员指出，云顶相比云顶新加坡，是个估值更低的选项，同时，云顶还掌握着TauRx失智症药物这个利好。
“云顶所持有的53%云顶新加坡股权，目前就已经比云顶自家的市值高出13%。”
他同时表示，云顶持股20%的TauRx公司，正向英国和美国政府寻求批准，已在今年上半年内向市场推出其失智症药物。
“一旦药物面市申请获批，TauRx的价值可能相当于云顶市值的70%左右。”
总体而言，摩根大通维持云顶和云顶大马的“买入”评级，但目标价双双下调。
云顶目标价从7令吉减至6.30令吉，而云顶大马目标价由4.70令吉，降至4令吉。
截至今日午间休市，云顶报5.07令吉，跌1仙或0.20%，而云顶大马报2.87令吉，跌1仙或0.35%。
闭市时，云顶报5.08令吉，无起落，成交量422万2400股。
至于云顶大马，则以2.85令吉挂收，跌3仙或1.04%，成交量592万500股。
Stock
2023-02-09 20:13 | Report Abuse
（吉隆坡9日讯）摩根大通认为，目前云顶（GENTING，3182，主板消费股）和云顶大马（GENM,，4715，主板消费股）在估值上具吸引力，是比云顶新加坡更值得投资的对象。
摩根大通大马分析员指出，云顶大马并不仅仅只是一家复苏主题股，除了当前估值偏低，其耗费100亿令吉资本开销的云顶综合旅游发展计划（GITP），也仍未充分发挥出增长动力的潜能。
“尽管业绩复苏的前景强劲，云顶大马目前的股价，只相当于2023财政年（12月杪结账）预测企业价值（EV）的8倍。”
他同时称，云顶大马的海外盈利，不止在封锁解除后回升了将近40%，其纽约赌场还可能赢获新的赌桌执照，有潜力为其除息税折旧及摊销前盈利（EBITDA）增加10%至15%。
“不仅于此，云顶大马或可从Mashpee投资项目和迈阿密资产脱售活动中，回拨价值10亿令吉的款项，是另一项潜在利好。”
此外，该分析员指出，云顶相比云顶新加坡，是个估值更低的选项，同时，云顶还掌握着TauRx失智症药物这个利好。
“云顶所持有的53%云顶新加坡股权，目前就已经比云顶自家的市值高出13%。”
他同时表示，云顶持股20%的TauRx公司，正向英国和美国政府寻求批准，已在今年上半年内向市场推出其失智症药物。
“一旦药物面市申请获批，TauRx的价值可能相当于云顶市值的70%左右。”
总体而言，摩根大通维持云顶和云顶大马的“买入”评级，但目标价双双下调。
云顶目标价从7令吉减至6.30令吉，而云顶大马目标价由4.70令吉，降至4令吉。
截至今日午间休市，云顶报5.07令吉，跌1仙或0.20%，而云顶大马报2.87令吉，跌1仙或0.35%。
闭市时，云顶报5.08令吉，无起落，成交量422万2400股。
至于云顶大马，则以2.85令吉挂收，跌3仙或1.04%，成交量592万500股。
Stock
2023-02-08 19:11 | Report Abuse
KUALA LUMPUR: British American Tobacco (Malaysia) Bhd's (BAT) net profit fell 6.7 per cent to RM262.52 million for the financial year ended December 31, 2022 (FY22) from RM284.86 million last year.
The company's revenue also fell 13.6 per cent to RM61.73 million in FY22 from RM71.46 million a year ago.
To deliver on the strategy to simplify the portfolio, the company saw a planned decline in overall market share of 0.8 per cent compared with last year, primarily due to the delisting of Kent and Pall Mall brands.
"Annual volume fell slightly by two per cent compared with 2021, where a one-off benefit in volume was observed during the Route-to-market model transition," it said.
In line with the downtrading trend observed in the market, BAT Malaysia's value-for-money (VFM) brands, KYO and Rothmans, captured an additional one per cent market share.
Despite the contraction of the industry's overall share of the premium segment by one per cent during the year, BAT Malaysia's Dunhill brand secured growth of 1.1 per cent share in this segment, indicating the premium brand's strong foothold.
For FY22, the board of directors has declared a fourth interim dividend of 21 sen per ordinary share, amounting to RM60 million, payable on March 7, 2023, to shareholders.
For the fourth quarter (Q4) ended December 31, 2022, BAT Malaysia's net profit fell to RM61.73 million from RM71.46 million, while its revenue decreased to RM770.66 million from RM861.89 million.
BAT Malaysia managing director Nedal Salem said that despite the economic headwinds, the company are optimistic about the prospects for 2023.
Salem said that with the launch of its tobacco-heated product, glo, which hit the market in February 2023, BAT Malaysia can now offer a choice with reduced risk potential to adult Malaysian smokers.
"We are also encouraged by the new government's priority to implement economic reforms to stimulate growth and strengthen the foundations of the country.
"In the November 2022 Budget tabling, various measures were announced to reduce the levels of the black tobacco market, including introducing a single-entry point policy in the northern region, enhanced controls at landing points including private jetties and a special rewards scheme for enforcement to stop smuggling activities.
"We strongly encourage the new government to maintain these measures in the February 2023 Budget tabling while also exploring science and evidence-based regulations to legalise the vapour market," he said.
Stock
2023-02-07 18:54 | Report Abuse
（吉隆坡7日讯）随着移民局表示所有与移民相关服务料在2025年回归该局后，将痛失重大移民局外包合约的MYEG服务（MYEG,0138,主板科技组）首当其冲，股价遭受重创，今早开盘即狂泻至跌停板价位，在沉重卖压下登热门股榜之冠。
15年最大跌幅
MYEG服务今日开盘即插水，狂泻30仙或31.41%，至65.5仙迎市，为2008年3月以来的15年来最大跌幅及跌至2020年9月杪以来最低价位。
该股较后稍微收窄跌幅，闭市报70仙，劲挫25.5仙或26.70%，为第六大下跌股，以10亿1536万零400股交投量热爆全场。
由于股价暴跌超过15%，MYEG服务的即日卖空（IDSS）及专属交易员单日卖空（PDT）被暂停，直至明天才恢复。
移民局总监拿督斯里凯鲁再米是在接受《新海峡时报》专访时指出，所有与移民局相关的事务，包括现在外包给MYEG服务的业务，预计会在2025年回归该局，包括更新与护照申请及签证申请，外籍员工签证申请与更新、女佣准证申请等都会由该局新的NIISe系统取代。
MYEG澄清：没和内部或移民局会议
MYEG服务今日针对《新海峡时报》该报道发文告澄清，公司并没有和内政部或移民局进行任何会议，以针对NIISe系统进行讨论。
“如果有任何重大信息，董事部将及时向大马交易所发布必要的公告。”
艾芬黄氏研究分析员指出，该消息大大影响了投资者情绪，并冲击MYEG服务长期收益前景，预计与移民相关服务的收入占公司总收入40至50%，包括外籍工人工作许可证的续签（占总收入10至15%）及其他辅助和商业服务，例如外籍工人保险的续签和外籍工人工作匹配（30至35%）。
政府在2020年5月宣布延长MYEG服务的合约3年至2023年5月，以管理外劳临时工作准证的在线更新。倘若依照移民局的计划，公司将失去该服务，使得公司长期收入减少20%。
在与多名同行交谈及看了主要承包商艾力斯（IRIS,0010,创业板科技组）的财报后，分析员认为，移民局要在2025年完成NIISe系统的部署是非常艰难的任务，该发展与部署可能会有所改变，这可能会为该公司和同行带来一些商机。
考虑到移民相关业务对营业额带来实质贡献，预计将影响投资者对MYEG服务的购兴，该行维持收益预测，但将评级从“买进”下调至“持有”，目标价也从1令吉23仙下调至93仙。不过，仍然有不少分析员对该股保持乐观看法和维持“买进”评级。
大华继显认为，MYEG服务在移民相关服务仍扮演着重要角色，加上外国劳工部份逐步归来、推出的Zetrix区块链可促进与中国的区域贸易、可能获得新政府合同、汽车驾驶执照测试模拟等催化剂。
逢低买入良机
该行认为，这是逢低买入该股的良机，维持“买入”评级，目标价为1令吉30仙。
另外，MYEG服务已采用资本管理政策，让股东可直接从其对大马和中国科技初创公司的长期和高价值投资中受益。首先，该公司分两次投资AGMO控股（AGMO,0258,创业板科技组）25.8%的股份，并且投资各种国内和中国的初创企业，这些投资价值或超过10亿令吉，到2025年可能会创造可观的市值收益。
MYEG服务也在去年11月21日开始自动驾驶测试和培训系统（e-Testing）的概念验证（POC），这将为公司带来每年5000万至6000万令吉的利润。但鉴于发布延迟，该行保守预测仅做出适度的贡献。
MIDF研究维持MYEG服务盈利预测与“买入”评级，将目标价从1令吉23仙下调至1令吉，新目标价是基于每股盈利5.4仙，本益比从20.9倍降低至19倍。
该行认为，政策风险可能会阻止投资者买进该股，尤其是考虑到移民相关服务对其收入的重大贡献。然而，该公司2022至2023财政年的稳定盈利预测、道路运输业务的稳定销售及NIISe和陆路交通局（JPJ）电子测试系统和区块链项目等举措的潜在新商机，可能会支撑股价。
Stock
Stock
Stock
Stock
2022-07-23 14:18 | Report Abuse
分析：大华继显研究
目标价：16.05令吉
最新进展
英美烟草（BAT，4162，主板消费股）2022财年次季净利年增2.28%，至7324万9000令吉，并派息每股25仙。次季营业额报6亿3745万7000令吉，较去年同期增长6.99%。
首半年计，营业额仍微跌0.29%，至11亿5901万6000令吉；净利报1亿2553万7000令吉，跌6.82%。
英美烟草 BAT
行家建议
英美烟草2022财年次季核心净利7300万令吉，使首半年核心净利达1亿2600万令吉，占我们和市场全年预测的48%和49%，符合预期。
尽管次季销售按季强劲反弹，增长22.2%，主要是首季受到疫情影响。
但随着我国进入地方病阶段、重开国门、放宽限制，旅游业持续复苏将进一步提振销售，预计本财年剩余时间，净利将与次季不相上下。
该公司次季的市占率按季跌0.4个百分点至51.5%，主要是低端市场跌0.2个百分点至34.8%所致，高端市场则持续增长至62.1%，提振赚幅1.5个百分点至26.3%。
由于繁荣税的影响，英美烟草上半年的税率提高到30.4%。
另外，鉴于电子烟市场规模巨大，一旦合法化，我们认为尼古丁电子烟的贡献会很大，保守估计将占公司今明财年产品组合3%和10%，并已纳入盈利预测当中。
我们维持盈利预测、“买入”评级、及16.05令吉目标价。
英美烟草股价走势22/07/22
Stock
2022-07-09 17:13 | Report Abuse
KUALA LUMPUR (July 9): The country’s economy is expected to have continued to strengthen in the second quarter of this year (2Q22) following the encouraging gross domestic product growth of 5% in the first quarter, including continued improvement in wholesale and retail trade, according to Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
According to him, the economy is gradually improving and has started to expand based on various indicators for May 2022.
To accelerate the recovery momentum, the Ministry of Finance has kick-started engagement sessions in an effort to establish measures that take into account the needs of various stakeholders, according to the minister.
“Budget 2023 will emphasise structural reforms and boosting economic resilience. With its theme of ‘Strengthening Recovery, Facilitating Reforms Towards Sustainability of Economic Resilience and Well-Being of Keluarga Malaysia’ (the Malaysian Family), the government will continue to focus on the well-being of the people, businesses and economy,” he said in a statement on Saturday (July 9).
Based on the latest developments, he said, the country is set to achieve the forecast growth of 5.3% to 6.3% in 2022, in line with the projections made by the International Monetary Fund (a 5.75% growth) and World Bank (5.5%).
Among the May 2022 indicators that pointed to an improvement in the country’s economy was a drop in the number of unemployed people to 637,700 from 649,300 in the preceding month, with the national unemployment rate remaining at 3.9%.
He also noted that labour market recovery continued to stabilise in May 2022 in tandem with higher demand for goods and services.
“This has also given more opportunities for businesses to generate revenue once more as reflected in recent retail and wholesale trade figures,” he said.
The finance minister also said that the Industrial Production Index for May was up by 4.1% year-on-year (y-o-y), driven by electrical and electronics products (up 15.5%).
“This was in line with manufacturing sales amounting to RM142 billion [in May], a 15.7% y-o-y increase,” Tengku Zafrul said.
The country’s trade performance has also remained resilient and maintained its growth momentum. Trade increased 33.6% y-o-y to to RM228.4 billion in May, the 16th consecutive month of double-digit growth since February 2021, he noted.
Moreover, he said, May 2022 data showed wholesale and retail trade recording the highest sales since 2013, growing 19.9% y-o-y to RM129.8 billion.
“This showed a recovery in domestic demand which continued to strengthen,” he added.
Stock
2022-07-09 11:17 | Report Abuse
（吉隆坡8日讯）云顶大马（GENM,4715,主板消费产品服务组）虽未能在2022财政年首季重返获利，但分析员看好，国内疫情好转、国门重开、马币走软、云顶天城世界（Genting SkyWorlds）开业，及公积金特别提款等5大利好，有望在本财政年录得盈利，维持“买进”投资评级，目标价3令吉91仙。
该公司5月底公佈截至今年3月底的首季财报，仅将亏损收窄至近1.3亿令吉，且逊于市场及丰隆研究预期。
丰隆研究分析员今日在报告指出，云顶大马未能转亏为盈的最大原因，在于云顶名胜世界（RWG）供应与需求错置，即在变种病毒奥秘克戎（Omicron）肆虐时，加大业务运作。
“虽然如此，但还是有许多利好能在接下来的时间，带动云顶大马在本财政年复苏，这些利好包括疫情过渡至地方性流行病、国门重开、马币走软加大吸引国际遊客到访、云顶天城世界开业可吸引新消费群，及公积金特别提款可刺激休闲旅遊消费。”
截至今年3月底，云顶名胜世界已开放5200间酒店房间（占整体酒店房间1万零500间的一半容量），平均入住率达88%，而云顶大马表明，将会继续在次季加大诸如酒店、赌场及主题乐园的业务运作。
“据我们的管道查询，随着赌桌对赌客人数的限制解除，赌场客流量已增加，且相当鼓舞人心。撇开国门重开及放宽疫情限制，我们相信，奥秘克戎疫情趋缓有助鼓励遊客回归，加上公积金局4月的特别提款、开斋节长假及天城世界主题乐园完整季度贡献，相信云顶名胜世界次季的客流量将取得显着改善。”
分析员看好，云顶名胜世界的复苏动力可稳定持续至今年下半年，因更多酒店房间恢复运作，加上旅客加长度假天数，将能提振酒店营业额。
“截至今年6月21日，大马已达致全年到访遊客目标，即迎来200万遊客到访。虽然这仅佔2019年（疫情前）到访遊客人数的约17%，但我们认为这已相当鼓舞人心，毕竟现在仅是开放初期。”
丰隆研究认为，随着越来越多国家重开国门，接下来到访我国的遊客将进一步增加，且马币目前走贬也提振云顶名胜世界业务员，即外国遊客与大众赌客增加，因比起区域同业如新加坡，云顶名胜世界无疑是更为便宜的博彩与旅遊目的地。
“除了国际遊客，马币走软也让本地人倾向国内旅遊。”
财测不变
该行仍维持云顶大马财测不变，除了酒店及赌场业务改善，看好云顶天城世界开业，可吸引之前未有的穆斯林市场；穆斯林占我国总人口的63%。
“在云顶天城世界开业前，云顶名胜世界主要还是吸引非穆斯林赌客为主，随着这项新业务投运，我们相信，云顶大马可在下半年完全释放云顶天城世界的潜能，包括开放所有的景点，而随着这个主题乐园人流增加，料也能为云顶名胜世界其他业务带来溢出效应。”
大型资本开销周期结束
另一方面，分析员认为，云顶天城世界竣工也标示云顶大马大型资本开销周期结束，意即2022财政年或不会再有大型举债与筹资活动，且净利潜在复苏也能为公司带来稳定现金流。
“因此，这（业务恢复并创造现金流）也能改善净负债水平（截至今年3月底为68.9%），且现在时机正好，在升息周期大环境有助减缓财政负担。”
云顶大马首季虽亏损，但仍获丰隆研究维持“买进”投资建议，相信投资者将会正视云顶名胜世界前景转佳。
“我们还是喜欢云顶大马，主要看好在国门重开利好发酵，云顶名胜世界将是优先获利者，尤其新的主题乐园开业，能吸引各阶层人流。”
谈及目前股价是否还有上涨空间，分析员指出，以云顶大马目前的股价，投资者或更为关注估值会否太高，毕竟已接近疫情前水平（比2019年股价中值水平高出103.2%）。
“不过，我们要强调的是，该公司2019年的股价受到几个负面因素，比如赌场税从25%调高至35%，及斥资收购亏损的云顶帝国度假村（Genting Empire Resorts LLC）等影响，且云顶大马现在有云顶天城世界、美国及英国业务逐步改善，及云顶帝国度假村亏损收窄等利好。”
Stock
Stock
2022-06-13 12:52 | Report Abuse
KUALA LUMPUR: Merger and acquisition (M&A) of Genting Bhd's 20.3 per cent-owned research and development (R&D) associate TauRx Pharmaceuticals Ltd could allow for faster monetisation versus initial public offering (IPO), RHB Research said.
The firm said while Genting did not comment on its strategy with regards to its TauRx stake, any option of value realisation or monetisation was definitely a positive after having invested in the firm since November 2012.
"For TauRx to IPO, it would need to first commercialise its lead investigative oral drug, HMTM, in 2023 and undertake listing in 2024 or later.
"Conversely, we think M&A or in-licensing agreements may allow for earlier monetisation of Genting's stake, given that large pharmaceutical firms may have M&A interest in TauRx in order to possess the world's only effective Alzheimer's treatment.
"As a plus, M&A could allow TauRx to leverage on such firms' resources to expedite HMTM speed to market," it said in a note today.
RHB Research said the HMTM drug would need to undergo 12 months of open-label trials – it could seek regulatory approvals for this Alzheimer's drug before the trial's conclusion.
RHB Research said TauRx could contribute RM1.3 billion-RM4.3 billion to Genting's financial year 2024 (FY24)-FY26 earnings, assuming a 10 per cent net margin.
"It could also fetch an upside of RM3.47-RM13.88 a share share based on 10x price to earnings ratio (P/E) on our base and bull cases for FY24 earnings," it said.
RHB said this could translates to hypothetical target price of RM9.84-RM20.25 for Genting.
"Because HMTM's path to market and TauRx's value remains uncertain, we elect not to include the latter in Genting's valuation for now," it added.
RHB Research has maintained its "Buy" call on Genting, with an unhanged target price of RM6.37.
"TauRx's value accretion aside, we believe Genting's entities' recoveries makes it an attractive value 'Buy' with significant upside.
"At the current share price, investors are essentially getting its non-listed assets (potentially 20 per cent of TauRx) for free. Key risks include a prolonged pandemic, decrease in luck factor, and regulatory risks," it said.
Stock
2022-06-09 10:09 | Report Abuse
KUALA LUMPUR (June 9): RHB Investment Bank Bhd research has maintained its “Overweight” rating on the gaming sector and said while casino operators’ earnings generally underperformed estimates due to a slower-than-expected rebound, their recovery continues to progress forward, as countries transition towards living with Covid-19.
In a note on Thursday (June 9), the research house said the recovery in number forecast operators’ (NFOs) ticket sales seems to be slower than anticipated, but the worst should be over – given the end of movement restrictions and the resumption of economic activity.
RHB said Genting Malaysia Bhd’s (GenM) numbers fell short of expectations mainly due to lower-than-expected 1Q22 revenue, amid a high number of Covid-19 cases and the hold percentage from Malaysia.
It said Genting Bhd also disappointed, as GenM and its power segment’s underperformance outweighed the outperformance of Genting Plantations (MP, Sell, TP: RM7.35) and its oil & gas segments.
RHB said Magnum Bhd missed expectations, as its revenue fell short, at 20% of our full year forecast.
“The disappointing earnings were mainly due to: i) Softer- than-expected ticket sales, and ii) higher-than-expected prize payouts,” it said.
Meanwhile, it said Sports Toto Bhd outperformed, mainly due to the stronger-than-expected contribution from its UK motor dealership segment.
“This, in turn, was due to stronger-than-expected used car profit margins, fuelled by strong demand and tight supply,” it said.
“Post results, we trimmed GenM’s FY22-24F earnings by 10-3%, Genting’s by 13-2%, and Magnum’s by 30-15%.
“We lifted Sports Toto’s FY22 earnings by 3% on stronger motor sales and margins.
“Despite a disappointing 1Q22, we maintain our Overweight rating on the sector, as the casinos’ recovery is still on track and they should see better future earnings, given the reopening of borders and resumption of tourism activities in key markets in 2Q22,” it said.
RHB said the NFOs’ ticket sales recovery may be slower than expected, as some punters are likely financially worse off and may continue relying on illegal operators. Nevertheless, the NFOs’ earnings and dividends should continue to recover in the subsequent quarters along with the economic recovery.
Stock
2022-06-09 10:08 | Report Abuse
KUALA LUMPUR (June 9): RHB Investment Bank Bhd research has maintained its “Overweight” rating on the gaming sector and said while casino operators’ earnings generally underperformed estimates due to a slower-than-expected rebound, their recovery continues to progress forward, as countries transition towards living with Covid-19.
In a note on Thursday (June 9), the research house said the recovery in number forecast operators’ (NFOs) ticket sales seems to be slower than anticipated, but the worst should be over – given the end of movement restrictions and the resumption of economic activity.
RHB said Genting Malaysia Bhd’s (GenM) numbers fell short of expectations mainly due to lower-than-expected 1Q22 revenue, amid a high number of Covid-19 cases and the hold percentage from Malaysia.
It said Genting Bhd also disappointed, as GenM and its power segment’s underperformance outweighed the outperformance of Genting Plantations (MP, Sell, TP: RM7.35) and its oil & gas segments.
RHB said Magnum Bhd missed expectations, as its revenue fell short, at 20% of our full year forecast.
“The disappointing earnings were mainly due to: i) Softer- than-expected ticket sales, and ii) higher-than-expected prize payouts,” it said.
Meanwhile, it said Sports Toto Bhd outperformed, mainly due to the stronger-than-expected contribution from its UK motor dealership segment.
“This, in turn, was due to stronger-than-expected used car profit margins, fuelled by strong demand and tight supply,” it said.
“Post results, we trimmed GenM’s FY22-24F earnings by 10-3%, Genting’s by 13-2%, and Magnum’s by 30-15%.
“We lifted Sports Toto’s FY22 earnings by 3% on stronger motor sales and margins.
“Despite a disappointing 1Q22, we maintain our Overweight rating on the sector, as the casinos’ recovery is still on track and they should see better future earnings, given the reopening of borders and resumption of tourism activities in key markets in 2Q22,” it said.
RHB said the NFOs’ ticket sales recovery may be slower than expected, as some punters are likely financially worse off and may continue relying on illegal operators. Nevertheless, the NFOs’ earnings and dividends should continue to recover in the subsequent quarters along with the economic recovery.
Stock
2022-06-05 07:51 | Report Abuse
Even without the TauRx valuation,genb still deep undervalued
Stock
2022-06-05 07:49 | Report Abuse
Earlier this week, Genting’s 20.3%-owned TauRx Pharmaceuticals said the initial phase three clinical trial data for its Alzheimer’s drug showed favourable results.
PETALING JAYA: The completion of clinical trials of an Alzheimer’s drug by Genting Bhd’s unit, TauRx Pharmaceuticals Ltd, will provide greater visibility to its path to profitability, according to analysts.
Earlier this week, Genting’s 20.3%-owned TauRx Pharmaceuticals said the initial phase three clinical trial data for its Alzheimer’s drug showed favourable results.
While TauRx said this did not represent positive top-line results for the clinical trial, analysts believe that it puts the drug in a favourable spot to receive the necessary regulatory approvals.
“If the trial shows positive top-line results, this could pave the way to accelerated regulatory review and approvals and the subsequent market launch of the drug, which could be by late-2023,” RHB Research said in a report yesterday.
Meanwhile, CGS-CIMB Research said the gaming group’s stake in TauRx may be worth RM848mil to RM2.23bil or 22 sen to 58 sen per share.
To recap, TauRx had been touted for an initial public offering (IPO) previously, but failed to meet its “coprimary endpoints” in its HMTM phase three trials in 2016. At the time, The Wall Street Journal had reported that TauRx’s possible Nasdaq IPO may have had a valuation of US$15bil (RM65.89bil).
In March 2018, according to DealStreetAsia, TauRx claimed it was worth about US$2.5bil (RM10.98bil).
More recently, the research firm noted that in its first quarter 2022 results, Dundee Corp, which owns a 3.7% stake in TauRx, had valued TauRx at US$949mil (RM4.17bil).
This is based on the pricing from its fully subscribed rights offering in November 2021.
“If we assume TauRx’s valuation ranges from US$949mil (RM4.17bil) to US$2.5bil (RM10.98bil), Genting’s stake in TauRx may be worth RM848mil to RM2.23bil,” it said.
The research firm said pending the final outcome of TauRx’s phase three clinical trial and regulatory approvals, it had “conservatively not ascribed any value to TauRx in its current sum-of-parts-based target price of RM6.95 for Genting, which is still derived after applying a 30% holding company discount. We keep our earnings forecasts and ‘add’ rating unchanged.
“Its financial year 2023 (FY23) forecast adjusted enterprise value (EV)/earnings before interest, taxes, depreciation and amortisation (Ebitda) of 6.9 times is 0.7 standard deviation below its 14-year mean, with decent FY22 to FY24 forecast yields of 2.9% to 4.2% per annum,” added the research firm.
The key potential rerating catalyst is full earnings recovery post-Covid-19.
The main downside risks, meanwhile, are the worse-than-expected Covid-19 impact and higher net losses from Resorts World Las Vegas.
Meanwhile, RHB Research has maintained a “buy” call on the stock for its attractive 6.4 times FY23 forecast EV/Ebitda valuation versus regional peers’ 11 times average.
Stock
Stock
2022-01-10 15:57 | Report Abuse
◤全球大流行◢ Omicron来去都快？ 科学家：大流行要终结了
https://www.chinapress.com.my/?p=2816520
Stock
2022-01-10 15:57 | Report Abuse
◤全球大流行◢ Omicron来去都快？ 科学家：大流行要终结了
https://www.chinapress.com.my/?p=2816520
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
2021-11-15 21:59 | Report Abuse
马新接种者旅游走廊计划 颜金勇：料本周内出炉
https://www.chinapress.com.my/?p=2748613
Stock
Stock
Stock: [GENTING]: GENTING BHD
3 weeks ago | Report Abuse
KUALA LUMPUR (Nov 28): Gaming-to-plantation conglomerate Genting Bhd (KL:GENTING) reported a 57% drop in its third-quarter net profit, as it was hit by higher property, plant and equipment (PPE) write-off totalling RM207.3 million, as opposed to RM1.3 million previously.
Net profit for the three months ended Sept 30, 2024 (3QFY2024) was RM223.8 million, compared with RM520.52 million for the same period a year earlier. Revenue fell 11.2% year-on-year to RM6.54 billion from RM7.37 billion due to declining contributions from its leisure and hospitality division.
The latest quarterly revenue was the lowest since 1QFY2023, when it logged revenue of RM5.82 billion.
Besides registering higher PPE write-off during the quarter under review, Genting’s earnings before interest, taxation, depreciation and amortisation (Ebitda) also came in lower at RM2.32 billion, compared with RM2.73 billion in the corresponding quarter last year.
The lower Ebitda was mainly dragged by its leisure and hospitality and power segments, according to Genting. The leisure and hospitality segment saw its profit before tax (PBT) fall 37% to RM1.5 billion during the quarter, while the power segment’s PBT declined 24% to RM100.6 million.
No dividend was declared for the latest quarter.
For the nine months of FY2024, the group’s net profit rose 35.1% year-on-year to RM1.05 billion from RM779.1 million, as revenue grew 5% to RM20.84 billion from RM19.85 billion.
Lower Ebitda across leisure and hospitality segment, except for the UK and Egypt
Under its leisure and hospitality segment, Resorts World Sentosa (RWS) in Singapore recorded lower revenue and Ebitda during the quarter, mainly driven by lower VIP rolling volume and win rate.
Meanwhile, its sister resort, Resorts World Genting (RWG), notched lower Ebitda primarily due to higher operating expenses.
Its UK and Egypt businesses saw higher revenue and Ebitda during the quarter due to higher volume of business. However, lower Ebitda was recorded in Resorts World New York City and Resorts World Bimini, mainly due to lower revenue and higher operating and payroll-related expenses.
“RWLV [Resorts World Las Vegas] remains focused on operations and profitability in 3Q24. Hotel occupancy and Average Daily Rate (“ADR”) in 3Q24 were 85.1% and USD244 respectively compared with 91.1% and USD246 in 3Q23,” said Genting in the results announcement.
An abnormally hot summer in Las Vegas and economic uncertainty in an election year impacted results in 3QFY2024.
Power, plantation disappoint, but investments and others rises to the occasion
Genting’s power division saw its PBT decline to RM100.6 million from RM132.9 million last year, affected by lower generation from the Banten plant in Indonesia following a longer outage period of 53 days for its first major scheduled maintenance, which took place between Dec 2023 and Feb 2024, and annual maintenance, which took place in July 2024.
Its plantation division’s PBT slipped 1% year-on-year to RM199.7 million in 3QFY2024 from RM202.3 million last year on lower sales volume of palm products, leading to higher inventory levels.
Meanwhile, its investments and others segment recorded PBT of RM418.9 million, compared with a pre-tax loss of RM85.6 million in the corresponding quarter last year, mainly attributable to recognition of net unrealised foreign exchange translation gains recorded by Genting Malaysia Bhd (KL:GENM) on its US dollar-denominated borrowings in 3QFY2024, compared with net unrealised foreign exchange loss last year.
Genting said the outlook for international tourism is expected to remain broadly positive, driven by strengthening global demand, improved air connectivity and ongoing recovery in key markets.
This positive momentum is expected to support the continued recovery of the regional gaming market, it said.
For Malaysia, Genting said it will continue to invest in innovative products and experiences, including new ecotourism attractions, which are expected to be rolled out in 2025.
In the United Kingdom, Genting said it will continue to focus on improving operational efficiency and productivity, whilst actively exploring opportunities to grow its market share.
In the US, the group will focus on reinforcing its market position by enhancing marketing efforts to drive visitation and expand its customer base.
Additionally, the group will continue to closely monitor developments surrounding the New York Gaming Facility Board’s Request for applications, which could lead to the introduction of up to three new commercial casinos in New York.
For Singapore, the group continued to accelerate its transformation to enhance its destination appeal and visitor experiences amidst a slower recovery of international visitor arrivals to the city-state.
As developments progress at Resorts World Sentosa 2.0 (RWS 2.0), Genting will be unveiling new and elevated visitor experiences progressively in phases, it said.
Shares of Genting fell one sen