GENTING MALAYSIA BERHAD

KLSE (MYR): GENM (4715)

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Last Price

2.13

Today's Change

-0.03 (1.39%)

Day's Change

2.12 - 2.16

Trading Volume

2,842,800


33 people like this.

43,677 comment(s). Last comment by Balian de Ibelin 7 hours ago

skyu

2,497 posts

Posted by skyu > 2021-08-24 22:16 | Report Abuse

lu people first time in genting relating stock and fear if what the PAS said ? come on , they said the same thing 20 years go.

Cakes Moon

6,930 posts

Posted by Cakes Moon > 2021-08-24 22:17 | Report Abuse

Graph looking good, now is the best time to accumulate Genting.

Tobby

7,397 posts

Posted by Tobby > 2021-08-24 22:19 | Report Abuse

Genting casino has super strict restriction for muslims! Muslims are strictly ban from entering, even workers are all non muslim!
If government close down Genting casino, our nation will see mushrooming of illegal casino! In fact you can find this 'family entertainment centre' all over Malaysia! There's even one arm bandit near my house operating even during MCO!
Imagine billions of tax slipping through government coffer! Likewise, 4D outlets too strict ban muslims from buying!
So what the heck is Pas fake holymen so worry about! Muslims cannot gambling in this license premise! Even if they want to, Genting casino and legal 4D outlets will be closed down immediately even if only one muslim gamble with them!

Tobby

7,397 posts

Posted by Tobby > 2021-08-24 22:22 | Report Abuse

Pas fake holymen have been preaching this nonsense for half a century already! But we all know that Kelantan has the highest HIV cases in Malaysia! We all know Kelantan has the highest divorce rate! We also know Kelantan has the highest drug addiction!
If Pas fake holymen can't even contain their own, why should we follow their hypocrisy!

Sogbashen

608 posts

Posted by Sogbashen > 2021-08-24 22:33 | Report Abuse

Just use brain to think la, will you sacrifice this money tree if you in the stance? Just use brain. How to invest without brains? Nowadays so many brainless investor

skyu

2,497 posts

Posted by skyu > 2021-08-24 23:01 | Report Abuse

genting stringent on scrutinizing entry? lu must've been a kucimiao gambler or never enter into vip room.

Sogbashen

608 posts

Posted by Sogbashen > 2021-08-24 23:02 | Report Abuse

Hahhahahah….ya bro. So many glove kaki come out here make jokes. Otak mana wey

BILLC

2,048 posts

Posted by BILLC > 2021-08-25 00:03 | Report Abuse

https://www.theedgemarkets.com/article/sp-downgrades-genting-group-sluggish-recovery-prospects-revises-outlook-stable-negative

Now already BBB-,,,,better runnnnnn before si si si coming,,,,,,

apple168

6,236 posts

Posted by apple168 > 2021-08-25 06:36 |

Post removed.Why?

skyu

2,497 posts

Posted by skyu > 2021-08-25 08:20 | Report Abuse

ly the time as vegas casino went busted, genting malaysia still, will stand tall dont bother what the kampung zai pas said what we should concern is , genting massive expansion in the usa.

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-08-25 08:35 |

Post removed.Why?

Posted by investmalaysia777 > 2021-08-25 11:46 | Report Abuse

people here talking about japan IR project, RWLV hahahahaha

Posted by Stocksafeplayer > 2021-08-25 11:52 | Report Abuse

Hahahahaha

Posted by risingstar21 > 2021-08-25 12:55 | Report Abuse

Relax, this is just the 1st half performance.

It will bounce back later.

JBond007

1,257 posts

Posted by JBond007 > 2021-08-25 15:20 | Report Abuse

Genting UK online gaming new platform, SkillOnNet
https://www.youtube.com/watch?v=v_PrWv8c0bA

JBond007

1,257 posts

Posted by JBond007 > 2021-08-25 15:22 | Report Abuse

Genting UK's online casino said to be marketed on new platform by Amazon.com unit
https://www.theedgemarkets.com/article/genting-uks-online-casino-said-be-marketed-new-platform-amazoncom-unit

Posted by jonathanlum > 2021-08-25 15:33 | Report Abuse

See u guys in genting 27th Aug 2021.

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-08-25 15:50 |

Post removed.Why?

Sogbashen

608 posts

Posted by Sogbashen > 2021-08-26 08:54 | Report Abuse

Might hit 3 today. If break 3. Then another 3.3 making

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-08-26 08:55 |

Post removed.Why?

Sogbashen

608 posts

Posted by Sogbashen > 2021-08-26 10:01 | Report Abuse

Going to pass 3 soon……. Wohooo…

Moc Nokin

222 posts

Posted by Moc Nokin > 2021-08-26 10:06 | Report Abuse

Genting 2.7 I buy all, buy until HAM KA CHAM also all in.

Posted by bullmarket1628 > 2021-08-26 10:07 |

Post removed.Why?

zanbini

383 posts

Posted by zanbini > 2021-08-26 10:21 |

Post removed.Why?

Keyman188

5,968 posts

Posted by Keyman188 > 2021-08-26 10:39 | Report Abuse

Are you sure cheap valuation !!!...

So we all here need to ask this so-hai + so-hem how to calculate cheap !!!...


wkwkwk...kekeke...hehehe...


Posted by zanbini > Aug 26, 2021 10:21 AM | Report Abuse

MRDIY is now cheap

Hurry up and buy

sapu sapu

trum

7,640 posts

Posted by trum > 2021-08-26 10:57 | Report Abuse

该股仍然很便宜。在今年年底之前,它将是一只热门股票。

masterus

3,606 posts

i3lurker

14,502 posts

Posted by i3lurker > 2021-08-26 11:47 | Report Abuse

these few days with gaji just out its a loan moratorium free cash fallout being pumped in to BURSA.

History will repeat itself later
and billions will be sucked out when loan moratorium fear sets it.

We had all seen it before.......

Sogbashen

608 posts

Posted by Sogbashen > 2021-08-26 17:12 | Report Abuse

Hahahahhahaa genm gonna overtake most of the glove soon. Do it have the chance to overtake harta as well hahahahahhahaha

PN17

321 posts

Posted by PN17 > 2021-08-26 20:10 | Report Abuse

26 August 2021 at 19:45

Genting Malaysia reported a net loss of MYR366.7 million (US$87.4 million) in the three months to 30 June 2021, improved from a loss of MYR923.2 million (US$220.1 million) in 2Q20 due to improved revenues in all of its key markets.

Despite operations in Malaysia, the United States and the UK and Egypt continuing to be interrupted by COVID-19 closures, Genting Malaysia recorded a 700% year-on-year increase in group-wide revenue to MYR817.9 million (US$195.0 million) in 2Q21, with Adjusted EBITDA of MYR45.6 million (US$10.9 million) versus an EBITDA loss of MYR486.2 million (US$115.9 million) a year earlier.

At Resorts World Genting in Malaysia, revenue increased from MYR82.2 million (US$19.6 million) to MYR237.9 million (US$56.7 million) despite the property suspending operations from 1 June.

In the US and Bahamas, revenue soared from a zero base to MYR352.9 million (US$84.1 million) with Adjusted EBITDA of MYR109.3 million (US$26.1 million).

“The improvement in earnings was also driven by the swift recovery registered at Resorts World Casino New York City (RWNYC), with the property achieving approximately the same level of gross gaming revenue this quarter as compared to the corresponding quarter in 2019,” the company said.

Revenue in the UK and Egypt grew five-fold to MYR185.3 million (US$44.2 million) with Adjusted EBITDA of MYR14.3 million (US$3.4 million) thanks to the reopening of Resorts World Birmingham and the Group’s land-based casinos in the UK as of 17 May 2021.

Genting Malaysia said it remains cautious as to its recovery prospects following a recent report from analysts suggesting Resorts World Genting will remain closed until November.

“Challenges to global growth persist given ongoing concerns surrounding the evolving COVID-19 situation worldwide and potential risks of heightened financial market volatility,” the company said.

“In Malaysia, economic recovery is expected to be delayed by the earlier re-imposition of containment measures nationwide and increased spread of COVID-19.

“While international travel has shown early signs of revival, the recent COVID-19 developments will continue to pose uncertainties to the outlook for the tourism, leisure, and hospitality sectors. The regional gaming market is expected to remain challenging in the short-term.

“The Group maintains its cautious stance on the near-term prospects of the leisure and hospitality industry.”

Posted by EatCoconutCanWin > 2021-08-26 20:12 | Report Abuse

Good results. You all need to see profit margin which contribute 44%. Gap up tomorrow. Bravo

i3lurker

14,502 posts

Posted by i3lurker > 2021-08-26 20:12 | Report Abuse

next QR might be worst instead of being better.

Brace for impact.

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-08-26 20:13 |

Post removed.Why?

stevenckheng

1,351 posts

Posted by stevenckheng > 2021-08-26 20:20 | Report Abuse

lost 3 billions since pandemic, how much cash left ?

Stock1

5 posts

Posted by Stock1 > 2021-08-26 20:32 | Report Abuse

got dividend ?

i3lurker

14,502 posts

Posted by i3lurker > 2021-08-26 22:44 | Report Abuse

to desperate lunatics spaced out people huge losses are impressive results.
You must understand their deluded mental problems...


Posted by shareinvestor88 > Aug 26, 2021 9:33 PM | Report Abuse

impressive results ?

Posted by Rateofreturn75 > 2021-08-26 22:53 | Report Abuse

Better result as compared to last year, it's improving. The recovery slowly coming. Price is slowly moving up, as an long term investor, what else do you want?? Just wait to enjoy a future gain when the price back to the peak at 5.5 or 6 in next 2-3years. Cheers!!

Posted by Rateofreturn75 > 2021-08-26 22:56 | Report Abuse

But for those who expected to see an immediate improvement will feel disappointed. So, it's depend on each of everyone expectation. Personally I'm satisfied with the result!

choysun

4,410 posts

Posted by choysun > 2021-08-27 00:15 | Report Abuse

@shareinvestor88 What can you say? Please don't spread panic lo. Remember or not? :p

newbie4444

1,264 posts

Posted by newbie4444 > 2021-08-27 04:11 | Report Abuse

Sifus how abt Q3 & Q4 QR? Covid19 just recorded 24,599 cases and 393 deaths yesterday.

newbie4444

1,264 posts

Posted by newbie4444 > 2021-08-27 04:12 | Report Abuse

Why October can lift?

Stocksafeplayer Impressive results despite entire almost 6 months forced to close in MY….. As long as 2Qtr was better than 1Qtr21.

That’s y price today much below JP Morgan’s TP 4.0 …

Genting in MY considered closed this entire year until now bcos of the covid pandemic in MY…

Luckily GenM could earn in USD & GBP now…

Just wait till MY interstate ban is lifted for good, hopefully by October!!!
26/08/2021 8:57 PM

Sogbashen

608 posts

Posted by Sogbashen > 2021-08-27 07:16 | Report Abuse

Because October tha vaccination rate would likely reach 60% -70. Which most ban will start to lift

Posted by EatCoconutCanWin > 2021-08-27 08:47 | Report Abuse

big sjark inside, nothing to worry, it totally cant down

Bgt 9963

7,445 posts

Posted by Bgt 9963 > 2021-08-27 08:51 |

Post removed.Why?

newbie4444

1,264 posts

Posted by newbie4444 > 2021-08-27 08:59 | Report Abuse

Who dare go to Genting with Covid-19 393 deaths yesterday? Possible new cluster from Genting then?

gogogolee

133 posts

Posted by gogogolee > 2021-08-27 09:44 | Report Abuse

now everywhere also got covid cluster, if genting reopen, many will dare to go, no worries la

emsvsi

3,519 posts

Posted by emsvsi > 2021-08-27 09:51 | Report Abuse

Those that died, over 80% have not completed their vaccinations. And you should go out and look at the roads and see the jam for yourself. For the fully vaccinated, and outside of the age group and without co-morbidities, the risk is low. Life goes on

Sogbashen

608 posts

Posted by Sogbashen > 2021-08-27 11:26 | Report Abuse

Kj is the new menteri Kesihatan. Hope he can control the covid cases in malaysia

Posted by Stocksafeplayer > 2021-08-27 11:28 | Report Abuse

Great news! Thanks @Sogbashen

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