Pick up in Genting Malaysia's ops reaffirms recovery KUALA LUMPUR: Genting Malaysia Bhd's key Malaysian operations are seeing the return of tourist arrivals, with operating capacity largely returning to pre-pandemic levels, says CGS-CIMB Research.
Following a weekend visit to Genting Malaysia's Resorts World Genting, the research firm said it reaffirmed its thesis that the continued recovery of the key Malaysian operations will drive a robust three-year earnings per share cumulative aggregate growth rate (CAGR) of 42% in FY22-25.
The Malaysian operations are key contributors to the group's revenue, accounting for 62% of total revenue in 1H23, said CGS-CIMB.
"We observed non-gaming activities, such as restaurant dining and indoor theme park (i.e. Skytropolis), were largely packed and the outdoor (SkyWorlds) theme park was busy with ongoing promotional campaigns.
On World's Alzheimers Day, the corrupted lobbying group Alzheimers Association is still promoting for amyloid drugs non-stop. These drugs are just symptomatic drugs that perform worse than old symptomatic drugs like Aricept. Totally no mention amyloid drug's brain bleeding capabilities, no decrease in NfL biomarker, accelerated brain shrinkage capabilities.
My view for GenB, If the quarterly earnings target is 500m. The projected earnings are, - 300m in Q2 (60% of 500m), Actual is 160.55m. - 300m in Q3 (60% of 500m), and - 350m in Q4 (70% of 500m).
In 2024, the projections are.. - 400m in Q1 (80% of 500m), - 450m in Q2 (90% of 500m), - 500m in Q3 and - over 500m from Q3 onwards.
I would say it is the call warrants issuers to be blame. 8 Call Warrants 2 expiry soonest 29 Sep, 2 in Oct, 2 in Nov and 2 in Dec 2023. Do you think the issuers will let the mother share price up for the holders to convert?
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
3,349 posts
Posted by Michael_chan2022 > 2023-09-19 16:09 | Report Abuse
GenB. Go..go