Anyway, I will definitely buy Taurx to treat my dog dementia. If 100% improvements for my dog, I will get Vet to sell Taurx. Selling Taurx through Vet no need FDA approval. Easier that way.
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.
it’s normal for major shareholders to transfer their ownership from direct to indirect holdings and vice versa all d time. There’s nothing to b alarmed by it. On d hindsight, why wud u think someone wants to sell their biz away when they hv painstakingly built it for over 50 years and has taken it international and, everything is growing and bearing fruits?
@Income, After TauRx FDA application & New York casino bid, 'sawadeekap' time will come. So which Thailand city do you prefer to build a casino, Bangkok, Pattaya, Phuket. Hua Hin, Hat Yai or Chiang Mai???
nothing fishy in my view, only very tiny fraction of total shareholdings (direct/indirect). Read latest news shared by @DestinyL on their US biz performance.
Agree w DestinyL. Stock market is always Risky. Better sell if you feel no confidence, don’t wait for postings from those dodgy ah pek, auntie calling themselves Sifu in this public forum. Pay for genuine professional advice if you need them. Otherwise, read from trusted sources. Your own money, you decide for yourself.
Interesting to see that resorts world’s cruises is registered in Singapore & that genting snowpark is remained unlisted….I guess if any tycoon wanted to takeover genting group, probably their first target is GB, mother share….so, it’s good news for confident investors but bad news if investors are not confident.
Egypt is in North Africa lah. I said Genting can’t open Cashino in Arab countries lah. So I am still correct lah. Arab can’t betting… illegal… can’t enter paradise later.
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Posted by 1invest1 > Jun 9, 2022 12:52 PM | Report Abuse
If you know you are going to make more money, why sell now? Of course, they can sell for some other reasons. but i think we need to be cautious about what they said and what they do
Kincho, You must give some rooms for Diehards Genting to save their faces. Don’t condemn Diehards supporters endlessly. They are only diehards supporters. Certainly they are no fool lah.
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Posted by kincho > Jun 9, 2022 12:21 PM | Report Abuse
Syndicates already start selling where this bunch of die hard fools still sticking like glue to the titanic. The worst part is they keep up the rhetoric as if genting is totally foolproof.
Who control Bursa Cashino? Genting doesn’t control Bursa. Only Big Bank ers control Bursa… so only filthy rich bank ers can determine the prices of all the companies in Bursa. Got it? Bankers = Whales Syndicates = Sharks Bilis = Food for Sharks and Whales???
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Income
13,071 posts
Posted by Income > 2022-06-09 06:47 | Report Abuse
My Malay no bad lah. Makasih banyak banyak.