Look at the impact of gst increase in singapore to genting singapore share price. That is gst, where genting singapore can claim input tax credit.
SST there is no input tax credit. So, u bet RM100, previously RM6 goes to service tax, balance RM94 goes to cover cost and residual is profit. When service tax increase to 8%, RM8 goes to government, RM92 left to cover cost. Effectively, the profit will be down by RM2 for every RM100 revenue.
Other countries are all trying to attract tourist. Malaysia shut down concerts, shut down festivals. Only thing they know is asking for subsidy,bantuan and subsidy. Water is not coming in, how to provide drinks for rakyat? Genm 2.40 next 2.33 next 1.98
Without prejudice . The increased in SST rate from 6% to 8% have an impact on Genting bottom line. Previously the 6% tax is absorbed by the gaming Group. Whether the group continues to absorb the new tax rate of 8% is something to chew on. If they discontinue the practice. Customers may feel short changed when they patronised the gambling tables. From zero rate { the old 6% rate absorbed by Genting} outvof the blue 8% is suddenly imposed. The initial reaction will not be favourable or positive. Plus the so called toll levy on people driving up is a double whammy
know already la! Even the banker also can give u the formula: (gross gaming revenue – casino tax) x 8/108. Hit the bottom line gao gao lat! Just the ppl at here dont ever listen
Those that really intent to go genting, toll is the least of their worries. Genting will be able to cope with the increased sst tax. Our tax is still consider low in the region
JJPTR Other countries are all trying to attract tourist. Malaysia shut down concerts, shut down festivals. Only thing they know is asking for subsidy,bantuan and subsidy. Water is not coming in, how to provide drinks for rakyat? Genm 2.40 next 2.33 next 1.98
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genting singapore non gaming etidba stronger than marina bay sands this is good to see genting have good view keep investing in non gaming good portfolio to bid thailand casino lisence in future
other country try to attract tourist while malaysia our smartest human in the world which are (The Green Flag) you know i know ~~~ still want to shut concert, wear long sleeve at beach etc only make tourist running away, wheres the brain??
got green flag in malaysia, Theres a words saying buat malaysia maju, it won't happen if green flag still here, wanting to live in cave when people already living in city
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flyhub888
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Posted by flyhub888 > 2023-10-20 20:13 | Report Abuse
thr are more better stock out there