GEORGE TOWN: Penang is primed for a tourism rebound with the arrival of a second cruise ship at the Swettenham Pier Cruise Terminal (SPCT) today, a sight not seen for more than two years.Penang Port Commission chairman Datuk Tan Teik Cheng said Resorts World Cruises’ Genting Dream, carrying 3,325 tourists and 1,700 crew members, would call at Penang at 8am.
Last Saturday, Royal Caribbean’s Spectrum of the Seas docked at SPCT after two years of Covid-19 restrictions that prevented the arrival of large cruise ships to Malaysia.
“With the efforts of the Penang Port Commission and Penang Port Sdn Bhd, Genting Dream Cruise, will bring more than 5,000 visitors to Penang.
when did Genting Bhd make money from overseas casino? except Genting Singapore? lousy operators, less than 40% revenue share in Singapore for 10+years. today, GENM skyworld casino asks their VIP players to accumulate points at Mass market crowded table. what a fool. waste time operator.
Several exchanges in US alone. Even different types of exchanges. Biggest exchange in the world is US. Biggest, highest vol, most advanced World's biggest cos are all in the US World's top 5 richest are all in the US Biggest EV Co in world is Tesla in US The list goes on and on ... Aiyo, how to compare US & here.
But you can still buy/sell US stks here Go make millions quickly in US mkt. Then, come share yr success story
As of March 31, RWG had opened 5,200 hotel rooms with average occupancy rates at 88% in the first quarter ended March 31, 2022 (1Q22). Genting Malaysia indicated that it was progressively ramping up capacity for its hotels, casino and theme park in 2Q22.
According to HLIB Research’s ground checks, the casino capacity had increased as the restriction on the number of players per table had been lifted. The research house noted that the footfalls observed in the casino were also very encouraging.
1invest1......Macau got nothing to do with Genting Berhad. Malaysia now all open. Genting now is given free bus to Genting for June and July. Hotel room almost fully book. Theme Park open.
Q2 result going to be better than Q1 2022. Q3 onward could be even better. Just hoping for more Dividend.
There's some disruption for GenP profit btw, they have huge landbank in Indonesia Still, just a short term disruption and already reflected in the share price
BNM raises OPR by 25 bps to 2.25% TheEdge Wed, Jul 06, 2022 03:08pm - 5 hours View Original
KUALA LUMPUR (July 6): Bank Negara Malaysia (BNM) said on Wednesday (July 6) its Monetary Policy Committee (MPC) decided to increase the overnight policy rate (OPR) by 25 basis points (bps) to 2.25% as the unprecedented Covid-19-driven conditions that necessitated a historically low OPR continued to recede.
Why cry??? The formal answer has been provided during Genting AGM! Question: With high borrowings and current environment of increasing interest rates, please explain the impact of increasing interest rate to the profit/loss and the strategy in minimising the impact. Answer: The Group’s debt profile constitutes largely of fixed rate borrowings of around 79% of the total debt portfolio while the remainder is on floating basis. Hence, the impact from a rising interest rate environment is manageable and further allayed with the Group’s robust management of the interest rate exposures.
Genting - Anticipating a Broad-based Improvement Date: 2022-07-06 Firm: HLG Stock: GENTING Price Target: 6.50 Price Call: BUY Last Price: 4.52 Upside/Downside: +1.98 (43.81%) Although the gaming segment was off to a weaker start in 1Q22, we anticipate a strong recovery in subsequent quarters for the segment anchored by (i) RWG mainly from ramping up of capacity; (ii) RWS from the return of foreign visitors; and (iii) RWLV from the lifting of mask mandate as well as the return of foreign and convention visitors. Its other US and UK gaming assets are expected to sustain their strong performances. In addition, the current buoyant commodity prices should continue to benefit the group’s plantation as well as O&G segments. Maintain BUY with an unchanged TP of RM6.50.
Patiently waiting for 2nd QTR, results. There is of course possibility of further developments TauRx. I hear that application to seek regulatory approval is in the process.
When it comes it will move very quickly. My friend went to RWLV, the occupation is high and hotel is very busy....all this means the results will much better quarter gone. Does one sell on small gains or wait for the real gain?
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....
Michael_chan2022
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