All the number games & gambling operators will be on tenterhooks waiting anxiously for the 6 states outcome. In Perlis, Kedah, Kelantan & Terengganu all the numbers game operator have already ceased or pending closure. Genting is located in Selangor/Pahang.
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Walaoeh, Asian bourses spike up like mad ! Hang Seng => 19,902.49(+263.38)(+1.34%) Shanghai index=> 3,272.69(+56.02)(+1.74%) Singapore STI=> 3,368.43 (+31.01)(+0.93%) Taiwan index=> 17,292.83 (+51.11)(+0.30%)
KLSE is the lowest haven’t up one and now only around 1450++ points only , it should now already spike up to above 1,500 point ++ already !
why down? @purple70 because state election coming soon, later if PAS win, becareful NO ARAK, NO casino, NO cinema, No girl boy cut hair together even no prayer for non muslim.
@RonnyWu, caused it already dropped to 2.43 back in end June before it up back to 2.63 and now dropped back again. Look at 6 months chart and 12 months chart, you would see that GenM was breaching lower lows each time it dropped. This round if cont the trend, it may drop lower than 2.43.
The management of Genting Malaysia (GENM, 4715, a consumer stock on the main board) stated that the current hotel occupancy rate of its Genting World has exceeded 90%, and live event performances have also returned to pre-epidemic levels.
In addition, its subsidiary Genting New York may intend to bid for the full-scale gambling license in New York, and the issuance of the three gambling licenses is expected to be completed in the first half of next year.
Expert advice:
After contacting the management of Genting Malaysia, it is understood that foreign tourists are gradually returning, which can be confirmed by the increase in the number of package tours and buses to Resorts World Genting.
We believe that the gradual recovery of international flight seats means that the number of foreign tourists has also increased.
We expect Genting Malaysia to achieve a compound annual growth rate (CAGR) of 48% in earnings per share from 2022 to 2025. This is because we expect Resorts World Genting's revenue to grow by around 5% to 30% between fiscal years 2023 and 2025, while revenue in fiscal year 2024 is expected to exceed the level of fiscal year 2019.
In addition, we believe that Genting Skyworlds theme park (Genting Skyworlds) will attract crowds, and in the absence of dealers, Genting World has increased the availability of live gaming tables, which will help improve operating capacity and drive the recovery of net profit growth.
As for the full New York gaming license, we expect Genting Malaysia to be the frontrunner to win, and the required minimum capital threshold of US$1 billion (approximately RM4.5 billion) will be raised through the sale of the Miami land.
Based on the above, we continue to reiterate the "overweight" rating, and according to the higher valuation method, the target price will be changed from the original RM3.25...,
GenM's total assets and total liabilities are MYR28. 4B and MYR16. 9B respectively.
What is the debt of Genting Malaysia? Meanwhile, Genting's net debt of RM19.66bil as at end-December 2022 was lower than projected, buffered by improved earnings, operating cash flow generation and a slower capital expenditure outlay. Net debts, cushioned by improving cash flow generation, will not change significantly, RAM Ratings said.
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....
aadeem287
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