JP Morgan: Genting Malaysia 1Q22 EBITDA to grow 26% Higher visitation and spending are expected to drive Genting Malaysia’s performance growth in 1Q22, with EBITDA pegged to grow 26 percent to RM450 million ($105.8 million). According to analysts at J.P. Morgan, the company’s flagship property, Resorts World Genting saw 4.8 million visitors in 4Q21, and spend/pax of RM240. Driven by reopening momentum, the analysts expect visitation to grow 13 percent quarter-on-quarter to 5.4 million, whilst spending per patron will expand by 17 percent to RM280. JPM said that visitation growth is being driven by growing overnight options around RWG, and spending should also rise due to RWG’s more expensive spending outlets. The company has also been able to improve its cost structure through the use of technology to reduce costs during lockdown. https://agbrief.com/news/malaysia/19/04/2022/genting-malaysia-1q22-ebi...
Holding on tight..tight. There will be days which it will be down but it will not be down a lot...More good things coming... but they (BB) will not showhand so fast
The chart technicals are starting to look a bit more interesting on a couple of indicators. It still looks like it needs volume to make that break of Rm3, which is also the upper Bollinger Band line. If it was to exceed yesterday's volume and there is a chance........but keep in mind that the market closes until next Thursday, after today's trading session.
Hemsley, not without increased volume. I think a break above Rm3 and to remain above there will eventually happen but I'm not too sure of the timing when I check out the chart. Just monitor the volume, imo.
Cuti2 panjang sudah mari, pelancung dan penjudi semua akan muncul nanti, harga saham GenM pasti akan naik lagi, sehingga sampai langit pasti akan jadi, melebihi RM3.00 tak akan jadi problem lagi.
Yesterday's total volume was 6.41 million. Not quite into two hours of today's trading and we are at 7.4 million.
That's what I meant when I said earlier this morning that it would move on higher volume. It was around 10am that we had the BIG BANG volume entering the building.
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Goldgent
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Posted by Goldgent > 2022-04-19 15:40 | Report Abuse
JP Morgan: Genting Malaysia 1Q22 EBITDA to grow 26%
Higher visitation and spending are expected to drive Genting Malaysia’s performance growth in 1Q22, with EBITDA pegged to grow 26 percent to RM450 million ($105.8 million).
According to analysts at J.P. Morgan, the company’s flagship property, Resorts World Genting saw 4.8 million visitors in 4Q21, and spend/pax of RM240. Driven by reopening momentum, the analysts expect visitation to grow 13 percent quarter-on-quarter to 5.4 million, whilst spending per patron will expand by 17 percent to RM280.
JPM said that visitation growth is being driven by growing overnight options around RWG, and spending should also rise due to RWG’s more expensive spending outlets. The company has also been able to improve its cost structure through the use of technology to reduce costs during lockdown.
https://agbrief.com/news/malaysia/19/04/2022/genting-malaysia-1q22-ebi...