Michael Chan …..44% is owned by ParkView Mgt which I believe is boss holding, actual 24 other main insituional investors account for only 13 % …of which Vangaurd holds 2.5% and Blackrock 1.8% otjers make up,the balance! Remaining 43 % are small investors including private companies ……..the problem to me is the 44% holding ….. this holding info is published.
Pang72…Genting has been in downtrend since 2010 ….it all depends on how you view the trend line and over what period! At its peak the price was 11+ and has come down before CV struck and ofcourse CV hit hard we know that….but the poor management performance precedes that….let’s hope we can turn the trend and benefit from business growth in the newer markets and the casino bet on Taurx! Let’s hope that sooner rather than later …!
Genting finally breaks up RM4.70, patience has paid off.
Singapore dollars surged to a high of RM3.5897 yesterday before settling at RM3.5016 making a new record high against the ringgit.
If this momentum continues to the end of this month, we can expect a record profit contribution from Genting Singapore for this Dec quarter which is seasonally a strong quarter
Its shareholdings in GenS alone already worth more than Rm5. Other biz entities have not counted yet. Still considered cheap. Super cheap. Keep going pls. 😉
Of course, the key driver for Genting today is the interest rate pause by US Fed yesterday and the projected 3 interest rate cuts for 2024 as signaled by Powell.
Nothing much to shout about my record. I did suffer paper losses with Genting earlier this year and cut loss on AEON. What I do is just to hold longer than others.
In q2 2012, Genting Singapore made S$311 million ($250.03 million)in earnings before interest, tax, depreciation and amortisation (EBITDA), or core earnings, in the quarter
Genting Singapore Limited (SGX: G13) has really outdone itself this quarter! Their adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA), which is really a fancy way of saying their profit before certain expenses, reached S$345.4 million in Q3 2023.
Genting Singapore EBITDA exceeded SGD 350 million in the latest quarter ended Sept 2023, hence it has outperformed my earlier projection of yearly EBITDA of SGD1.4 billion (as stated in my earlier report in Jan 2023).
In the absence of any further lockdown, Genting Singapore earnings will only expand in coming years as it rolls out Sentosa 2.0 expansion till 2031. It is scheduled to add over 700 hotel rooms in next few years from current 1,600+ rooms, so a 43% expansion in next few years.
It achieved non-gaming revenue of SGD230 million in the latest quarter, annualised to SGD920 million. This non-gaming revenue is expected to increase by 40% or more in coming years due to the scheduled hotel room additions, or an increase of SGD400 million a year.
It achieved an EBITDA margin of 50% in the latest quarter, assuming the same EBITDA margin, its EBITDA is going to increase by another SGD200 million a year just from non-gaming segment alone.
If its gaming segment also increases by similar quantum, then total EBITDA may hit SGD1.8 billion in a few years time. Genting Singapore is still in net cash position with SGD3.3 billion of cash, so enterprise value would top easily 8 x SGD1.8b + 3.3 = SGD 17.7 billion.
At current share price of SGD0.99, Genting Singapore is worth 12.094b x SGD0.99 x 3.50 x 52.5% = RM22.0 billion to Genting. This is already higher than current market cap of Genting at RM18.22 billion.
This means investors are getting Genting Malaysia, Genting Plantation, Resorts World Las Vegas, and its oil & gas and power businesses for free!
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....
jackjason
172 posts
Posted by jackjason > 2023-12-13 20:26 | Report Abuse
真是烂泥扶不上壁,又要回调了。