Posted by WinBigOrLoseAll > 2024-05-16 11:18 | Report Abuse

this is the day for GENM

Genting Malaysia hits limit down after Guan Eng announced higher casino tax
By Samantha Ho / theedgemarkets.com
05 Nov 2018, 10:14 am

KUALA LUMPUR (Nov 5): Genting Malaysia Bhd shares hit limit down today after the stock fell as much as RM1.36 or 30% to RM3.18. The stock fell today after Finance Minister Lim Guan Eng said during Malaysia's Budget 2019 tabling on Friday the country will raise the annual casino licence fee from RM120 million to RM150 million.

Lim also said casino tax will be increased to 35% of gross income. At Bursa Malaysia today, FBM KLCI-linked Genting Malaysia shares were traded at RM3.38 at 9:44am with some 170 million shares crossed.

Genting Malaysia, which was the bourse's top decliner, was also the most-active stock.


Today, CIMB Research analyst Nigel Foo wrote in a note: "Genting Malaysia's casino operations were hit with a 10% hike in casino duties in Budget 2019, the first rate hike in 20 years. Duties are 35% now."

"This was a negative surprise as we had expected a smaller casino duty rate hike. The rate was previously around 25%. The stock remains a Hold. We cut TP (target price) from RM5.25 to RM4.85," Foo said.

Posted by OnTime > 2024-05-16 11:39 | Report Abuse

those were the day, quite nostalgic.

Posted by Riaz1954 > 2024-05-16 17:05 | Report Abuse

All this tax business does not explain the performance of Genting group, it is a diversified business. In my opinion the damage is done by poor governance behaviour …..investment in Empire by a private entity owned by the boss and than realising it is incurring losses dumping to Genting ….dumping of shares to cover losses in Genting Cruise business,rewarding yourself highest pay, announcing business activity which never Haines and straight away dumping shares ….all these cause havoc with investors.

Posted by 8u29song > 2024-05-17 09:38 | Report Abuse

steady...be patient

Posted by Hong9933 > 2024-05-17 13:20 | Report Abuse

Zzzzzzzz

Posted by Michaelchan2024 > 2024-05-17 15:36 | Report Abuse

Oh! What happened?
Why is there a sudden surge in GenM share price..

Posted by StakesAreHigh > 2024-05-17 18:26 | Report Abuse

Micheal, because GenM and GenB are severely undervalued 😉

Posted by Michaelchan2024 > 2024-05-17 19:20 | Report Abuse

Yes, GenM and GenB are severely undervalued at the moment

Posted by Michaelchan2024 > 2024-05-17 19:21 | Report Abuse

Next week, if their quarterly earnings reports are good, the share prices will likely rise to where they should be

Posted by pangolin > 2024-05-17 22:18 | Report Abuse

previous qr 200m , if coming qr is much better or 300 m , with cystal ball or not ,rm3 is sap sap water

Posted by Hong9933 > 2024-05-17 23:16 | Report Abuse

等咗4年都冇见到rm3

Posted by pangolin > 2024-05-17 23:53 | Report Abuse

hong 9933, next month let u see rm3

Posted by Michaelchan2024 > 2024-05-19 09:47 | Report Abuse

Dragon Leong blog
Genting Malaysia - RWG Soaring High in the Year of Dragon

https://klse.i3investor.com/web/blog/detail/dragon328/2024-03-01-story-h-187411830-Genting_Malaysia_RWG_Soaring_High_in_the_Year_of_Dragon

Posted by OnTime > 2024-05-19 11:56 | Report Abuse

the only 'soaring high' is lkt's salary.

Posted by Michaelchan2024 > 2024-05-19 12:34 | Report Abuse

As of today, it is true. Six more months to go...

Posted by Michaelchan2024 > 2024-05-19 12:34 | Report Abuse

Let's see what the next six months bring..

Posted by Eddy365 > 2024-05-19 18:24 | Report Abuse

This stock no longer a bluechip stock. Is more like goreng stock. Sell on good news buy back on bad news. Good news are strong earning from Malaysia, Bad news mainly from US investment.

Maimi land sell could be another good news.

Posted by Hong9933 > 2024-05-20 09:14 | Report Abuse

Gogogo

Posted by 8u29song > 2024-05-20 09:18 | Report Abuse

steady...

Posted by 8u29song > 2024-05-20 09:19 | Report Abuse

sebelum QR 28x,,,selepas QR 3xx...

Posted by Eddy365 > 2024-05-20 20:43 | Report Abuse

Thus bought around 2.60 very happy now.

Posted by pangolin > 2024-05-21 07:29 | Report Abuse

those who bought in 2.5-2.60 last month, is a quick bucks for pocket money

Posted by hotsauce1924 > 2024-05-23 20:00 | Report Abuse

when is the earnings result release?

Posted by Eddy365 > 2024-05-24 18:20 | Report Abuse

杨忠礼双雄表演过了，几时轮到云顶双雄表演？

Posted by pangolin > 2024-05-25 00:14 | Report Abuse

I THOUGHT genting malaysia qr is out today , have to wait for next week , show time after YTL

Posted by Michaelchan2024 > 2024-05-25 11:00 | Report Abuse

https://youtu.be/GY_TyCgLBnQ?si=HVXhltaHOfPj5QQU
2024 最值得投资的股票，
GenM 誰与爭鋒..

Posted by StakesAreHigh > 2024-05-26 00:21 | Report Abuse

Monday will rally. Mark my words

Posted by Michaelchan2024 > 2024-05-26 14:59 | Report Abuse

https://theedgemalaysia.com/article/highlight-genting-malaysia-rolls-out-rm5b-tourism-plan
Genting Malaysia rolls out RM5b tourism plan

17 Dec 2013, 12:57 pm
Updated - 21 Aug 2014

https://www.edgeprop.my/content/genting-malaysia-doubles-its-investment-gitp#:~:text=KUALA%20LUMPUR%20(Feb%2024)%3A,30%20million%20visitors%20by%202020.
Genting Malaysia doubles its investment in GITP
February 24, 2016

Posted by Michaelchan2024 > 2024-05-26 15:04 | Report Abuse

https://www.marketing-interactive.com/genting-malaysias-aggressive-plan-attract-30-mln-visitors-2020
Genting Malaysia's aggressive plan to attract 30 mln visitors by 2020
Published
06 April 2016

https://theedgemalaysia.com/article/gitp-expected-be-genting-malaysias-new-focus
GITP expected to be Genting Malaysia’s new focus
07 Nov 2018, 10:13 am

Posted by Michaelchan2024 > 2024-05-26 15:10 | Report Abuse

How could we have missed these articles?

Posted by Husky78 > 2024-05-27 10:52 | Report Abuse

Such a good company ppl also scare to go in, this CEO really..

Posted by VincentTang > 2024-05-27 22:03 | Report Abuse

https://www.sinchew.com.my/news/20240527/finance/5639259
首季业绩料报喜 云顶双雄估值具吸引力

Posted by Michaelchan2024 > 2024-05-28 07:16 | Report Abuse

https://www.businesstoday.com.my/2024/05/27/tourist-arrivals-should-bring-a-good-1q24f-for-genting-malaysia/?utm_source=dable
Tourist Arrivals Should Bring A Good 1Q24F For Genting Malaysia

Posted by Michaelchan2024 > 2024-05-28 07:17 | Report Abuse

輪到老板耒画大饼...，越大越好，
把股价吹的高高的。老板加油，你是最棒的 !

Posted by Hong9933 > 2024-05-28 09:10 | Report Abuse

终于来啦

Posted by Hong9933 > 2024-05-28 09:11 | Report Abuse

快快破3 然后3. 5

Posted by Income > 2024-05-30 10:40 | Report Abuse

来 了

Posted by Income > 2024-05-30 10:41 | Report Abuse

出现

Posted by Income > 2024-05-30 10:43 | Report Abuse

向前充电

Posted by Income > 2024-05-30 10:44 | Report Abuse

来吧。继续飙升

Posted by LilasIkuta > 2024-05-30 11:27 | Report Abuse

once Break 2.83 will go to 3!!
Collect 2.79 - 2.83 !! TP 3

Posted by 8u29song > 2024-05-30 15:45 | Report Abuse

QR.....

Posted by AnndyYSYong > 2024-05-30 18:26 | Report Abuse

Consider good or no ?

Posted by Husky78 > 2024-05-30 18:28 | Report Abuse

Good la

Posted by choong18 > 2024-05-30 18:28 | Report Abuse

Nett profit 57m only, not good as expected.

Posted by Shines > 2024-05-30 18:32 | Report Abuse

Still not good ah. I will sleep well tonight

Posted by Pinky > 2024-05-30 18:36 | Report Abuse

WHAT A JOKE RESULT HAHAHAHAHA

Posted by raymondroy > 2024-05-30 18:37 | Report Abuse

GenM results..... PBT 116m, YoY 41m, but QoQ 294m, PBT drop by 178m or 61% compared to QoQ.... not up to expectation :-(

Posted by Hong9933 > 2024-05-30 18:51 | Report Abuse

fly fly fly

Posted by hotsauce1924 > 2024-05-30 19:06 | Report Abuse

net earnings impacted mainly due to unrealized FX losses on their USD borrowing (130 mil this Q1 vs 40 mil preceding quarter). otherwise EBITDA grew 24% qoq.