Posted by kl_guy > 2023-04-27 10:13 | Report Abuse

25sen dividen will be good .

Posted by kl_guy > 2023-04-27 10:14 | Report Abuse

https://www.theedgemarkets.com/node/664779

gain rm4 billion

Posted by Cryptolover > 2023-04-27 10:18 | Report Abuse

hopefully got special dividend from sales

Posted by hazliros > 2023-04-27 10:30 | Report Abuse

dont gambling no good ...investlah

Posted by Icon 888 > 2023-04-27 11:09 | Report Abuse

Hehe..

Posted by Donator > 2023-04-27 11:40 | Report Abuse

ada dividend tak?

Posted by AdCool > 2023-04-27 11:53 | Report Abuse

First great news announced...second great news is reversal of impairments. 3rd good news is the Q1 results with profits. 4th good news is the potential bidding of casino and integrated resort in Sarawak.

Posted by kl_guy > 2023-04-27 12:00 | Report Abuse

When special dividen is announce , genm will spike up again . Just buy and hold ....more good news to come.

Posted by speakup > 2023-04-27 12:07 | Report Abuse

Deadlock at 2.71 2.72
Market undecided on whether this good enough news or not

Posted by speakup > 2023-04-27 12:09 | Report Abuse

Net debt will be halved after disposal, thereby increasing net profit

Posted by Donator > 2023-04-27 12:14 | Report Abuse

TP4.00

Posted by dragon328 > 2023-04-27 12:50 | Report Abuse

Genm had total debts of about RM12.1 billion and total cash of RM3.04 billion as of 31 Dec 2022, resulting in a net debt of about RM9.0 billion.

With the disposal of Miami land, Genm will get net disposal proceeds of RM5,433m - RM974m (disposal gain tax) = RM4,459 million.

So Genm net debt will be halved to RM4.6 billion.

Assuming average interest costs of 5%, Genm will be able to save RM220 million of interest expenses and will have almost 4.0 sen per share more for dividend distribution per year.

Posted by OnTime > 2023-04-27 13:25 | Report Abuse

go baby go!

Posted by goldenhope > 2023-04-27 13:43 | Report Abuse

Good to pare down the debt first

Posted by diamjela > 2023-04-27 14:22 | Report Abuse

proceed with cautious? or hoot9e?

Posted by AdCool > 2023-04-27 15:53 | Report Abuse

wont move until tomorrow (one warrant expiring tomorrow at 2.55) and mostly would blocked around 2.90 until it get released by warrants issuers expiring on 12th May. GenM wont fly so fast and still have time to accumulate

Posted by Michael_chan2022 > 2023-04-27 21:03 | Report Abuse

https://www.thestar.com.my/lifestyle/travel/2023/04/27/when-it-comes-to-travel-industry-rebound-south-east-asia-wins

When it comes to travel industry rebound, South-East Asia wins, and Kuala Lumpur stands strong as one of the most-visited cities in the region..

Posted by Michael_chan2022 > 2023-04-27 22:00 | Report Abuse

Heavy traffic likely at Woodlands, Tuas checkpoints over Labour Day long weekend
https://www.straitstimes.com/singapore/heavy-traffic-likely-at-woodlands-tuas-checkpoints-over-labour-day-long-weekend

Travellers entering Malaysia by car could face wait times of up to three hours during peak periods, said the Immigration and Checkpoints Authority (ICA) on Thursday, advising those travelling by car or bus to take into account a longer wait for immigration clearance.

Lai lai, all are welcome to Genting..

Posted by sembangman > 2023-04-27 22:01 | Report Abuse

in genm we trust, may is gonna be the month we watch and smile. Was reading monetary flow from bursa website dated 25th april and found that genm was one of the top outflow by foreign institutional investing firms. With news like this, they will more likely come back.

Posted by speakup > 2023-04-27 22:02 | Report Abuse

Why Genting Malaysia own properties in USA? Tot it is called Genting Malaysia cos it owns all the Malaysia biz only

Posted by dragon328 > 2023-04-28 07:06 | Report Abuse

https://klse.i3investor.com/web/blog/detail/dragon328/2023-04-28-story-h-272368074-Genting_Malaysia_Miami_Land_Sale_Hits_a_Home_Run_in_the_US

A major re-rating for Genm

Posted by TonsilBasher > 2023-04-28 08:11 | Report Abuse

What else you guys want huh??? PN lose power. GentingM's Miami Land sales. Big dividend coming. EVeryday genting full house. People are eager to lose money to genting. What are you waiting for?

Posted by Donator > 2023-04-28 10:41 | Report Abuse

ALL in..

Posted by Shines > 2023-04-28 17:43 | Report Abuse

The gain works out to be 50 sen per share, but dont even up 20 or 30 sen

Posted by Michael_chan2022 > 2023-04-28 18:34 | Report Abuse

https://www.klsescreener.com/v2/news/view/1146255/%E8%A1%8C%E5%AE%B6%E8%AE%BA%E8%82%A1-%E4%BA%91%E9%A1%B6%E5%A4%A7%E9%A9%AC-%E8%84%B1%E5%94%AE%E5%90%8E%E6%97%A0%E7%89%B9%E5%88%AB%E8%82%A1%E6%81%AF

云顶大马（GENM，4715，主板消费股）的迈阿密产业，成功以12.25亿美元（约54.33亿令吉）脱售。此次脱售在扣除2.59亿美元（约11.49亿令吉）的买入价后，云顶大马可以录得约9.67亿美元（约42.89亿令吉）的净收益。

交易一旦完成，该公司的企业价值对除息税折旧摊销前盈利（EV/EBITDA）估值将处在极低水平，仅为7.4倍，是10年历史低点附近。

现阶段，在完成交易前，我们先维持净利预测不变。综合以上，维持“买入”评级，但目标价则从原先的3.50令吉，提升至4.15令吉。

Posted by Michael_chan2022 > 2023-04-28 21:00 | Report Abuse

https://youtu.be/ULzRApic9-s

云頂大馬買土地...大賺.

Posted by speakup > 2023-04-28 21:01 | Report Abuse

Market sentiment no good. No matter how good how great the news, can hardly move in this type of market

Posted by Michael_chan2022 > 2023-04-28 21:21 | Report Abuse

Ya, you are right! No gostan will be good..

Posted by Shines > 2023-04-28 22:16 | Report Abuse

Already mentioned no Special Dividen.

Posted by Michael_chan2022 > 2023-04-29 11:03 | Report Abuse

https://www.fool.com/investing/2023/04/28/recovery-in-macao-could-help-lift-las-vegas-sands/

A powerful recovery in tourism could help lift Genting stock

Get ready ..GenM is back

Posted by OnTime > 2023-04-29 15:13 | Report Abuse

no special divvy is ok, just pump up the quarterly divvy!

Posted by Michael_chan2022 > 2023-04-29 21:11 | Report Abuse

https://youtu.be/1lAp7IWXnJk

訪新中国旅客翻倍..

Posted by dragon328 > 2023-05-02 09:47 | Report Abuse

UOB Kay Hian (UOBKH) Research says Genting Malaysia's proposed sale of its Maimi landbank is expected to generate net proceeds of RM4.47bil and theoretically increase its 2023 core profit before tax by 20% via lower interest payments.

The deal should see GenM realise a gain on disposal of about US$967mil (RM4.29bil) leaving the group with net proceeds of RM4.47bil or 79 sen per GenM share after the capital gains tax and transaction costs.

This is broadly inline with my earlier projections, except that UOB said GenM's US division had some US$700mil debt, higher than my figure of US$300mil (which was taken from Maybank research note).

Posted by dragon328 > 2023-05-02 09:50 | Report Abuse

Asuming GenM leaves aside US$500mil for bidding for New York casino licence, it would still have some US$700mil to retire the bulk of its US-dollar loans which were reported to carry an interest rate of 7.7% p.a.

Annual interest expense saving would come to US$700mil x 7.7% = US$53.9mil or RM238mil, which would be about 20% of the projected 2023 earnings of GenM

Posted by WongGK92 > 2023-05-02 10:25 | Report Abuse

Finance cost will be reduced significantly if GenM do so

Posted by dragon328 > 2023-05-02 10:49 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/05/02/genting-malaysias-proposed-miami-land-sale-a-win

Posted by dragon328 > 2023-05-02 10:56 | Report Abuse

I think GenM will naturally try to reduce its US-dollar debts which fetch high interest rates, right after it gets the disposal proceeds in next 2 months.

GenM will need US$500 million first as the bidding fee for the New York casino license bidding, and will only spend money to convert its existing facilities at Queens to a full casino after New York bidding committee awards the casino license to GenM sometimes in Q1 2024. Hence, I think it would be natural to use part of the disposal proceeds to first pare down the high-interest US-dollar debts and save interest expenses for the rest of 2023.

Should GenM win a full casino license in Q1 2024, then it can always raise new fund at a more competitive rates as it will have a full casino licence in the bag (which is very valuable) and US Fed is widely expected to start lowering interest rates from end 2023.

Posted by OnTime > 2023-05-02 12:33 | Report Abuse

yeah baby let's go!

Posted by speakup > 2023-05-02 12:37 | Report Abuse

Aduh. Only managed to buy 1st batch cheap. Tot got chance buy 2nd batch cheap, below 2.70. Someone knew speakup starting collecting

Posted by AdCool > 2023-05-02 15:47 | Report Abuse

Potential reversal of impairment in Q1 or Q2 results. Additional 1.6-1.8 billions impairment reversal.

Posted by dragon328 > 2023-05-02 16:37 | Report Abuse

@AdCool, this potential impairment reversal is from which impairment?

Posted by AdCool > 2023-05-03 01:06 | Report Abuse

@dragon328, the impairment reversal is for below impairment in 2018.

GentingM said on Friday it recorded an impairment loss of RM1. 834bil in relation to the group's total investment (including accrued interest) in the promissory notes issued by the Mashpee Wampanoag tribe.

Posted by sembangman > 2023-05-03 08:47 | Report Abuse

interesting advise. i believed its already priced in to current price. don't you think so?

Posted by dragon328 > 2023-05-03 08:48 | Report Abuse

@AdCool, thanks. I thought of that promissory notes too. I read a Maybank research report in 2020 that there was a chance for these promissory notes to be written back after Joe Biden became the US president, but things have not seemed to move since.

Any new progress on that front lately?

Posted by kl_guy > 2023-05-03 10:37 | Report Abuse

Yesterday volume 10million , today only 1 million.
Look like genm has strong buyer . it is good to share off the weak hand.

Posted by AdCool > 2023-05-03 11:05 | Report Abuse

@dragon328, the legal suit finally been settled after multiple rounds of court cases. It finalize in Feb that the land is indeed legal for the tribe to develop though now may have those smaller suits from the surrounding residents opposing the idea of casino and resort development. The main suits on the land validity have been won.

Posted by dragon328 > 2023-05-03 12:05 | Report Abuse

@AdCool, that is a fantastic news!

As long as the land validity issue has been legally settled for the tribe, Genm should be able to write back some or all of the earlier impairment. Whether or not Genm and the Mashpee Wampanaog tribe will proceed with developing a casino at the site is not crucial at the moment, the important thing is that the land validity is legalised and so there is value in the land and any building already built at the site.

Posted by dragon328 > 2023-05-03 12:08 | Report Abuse

If written back fully the entire RM1.83 billion impariment provision, Genm will add about 28 sen to its NTA. Who knows if this land has also appreciated in value by 400% in past few years like in the case of its Miami land.

Posted by AdCool > 2023-05-03 14:07 | Report Abuse

now the question is when GenM gonna reverse back such impairment.

Posted by kaitan > 2023-05-05 00:33 | Report Abuse

covid cases sharply on the rise. Reported today that govt looking to impose mask mandate again. Price may drop next week once news take hold.