Posted by Balian de Ibelin > 1 month ago | Report Abuse

Companies normally seppuku die off when cash are tied up in non-income generating assets and ultra high PN17 debts are present.

Posted by StakesAreHigh > 1 month ago | Report Abuse

Balian make sure you get your facts right before you sputter nonsense. Its very common for companies to have more than 1.0x gearing. I'm not saying its healthy but many companies gear up to more than 1.0x to finance its working capital demands. PN17 is when the company is in a negative networth position, its totally different.

Posted by ScotFree > 1 month ago | Report Abuse

Lim Goh Tong's biography book is
required reading if
you want to know where this is going...lol

Posted by Income > 1 month ago | Report Abuse

Posted by ScotFree > Dec 1, 2024 2:21 AM | Report Abuse

Lim Goh Tong's biography book is
required reading if
you want to know where this is going...lol

？


LKT Anak kpd LGT, tak ikut nasihat bapanya。Take guna baca biography LGT。

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Never get drunk on beer or whisky other people had drunk and passed out from arsehole.

That's what reading a biography means.
My own personal biography is much more interesting than LGT's

Why should I read other people's biography?
Never believed in reading other people's biography even when I was a few years old. Had never read any. Have zero interest in what LGT did or did not do, totally nothing to do with me. Its not relevant at all 🤣.
=> You must be fooking bored with your own life to read what others did or didn't do.
=> Go get a life.
=> Go get your own life.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

While the interest bearing ratio is above 1.06
The classic debt to equity ratio is calculated as 17.1 / 10.9 = 1.57
That is considered extreme high for a mature company non-technology.

Posted by Income > 1 month ago | Report Abuse

Make Genting Great Again (MGGA)

Posted by Income > 1 month ago | Report Abuse

Posted by Balian de Ibelin > Dec 1, 2024 5:18 AM | Report Abuse

While the interest bearing ratio is above 1.06
The classic debt to equity ratio is calculated as 17.1 / 10.9 = 1.57
That is considered extreme high for a mature company non-technology.


？



Balian Sir, to be safe just invest in PBB laa。Sleep well and having a great bedtime stories without the interference of marblecat.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Income

Thanks
That's the best advice I had read from you so far.😁👍🤜

Posted by Balian de Ibelin > 1 month ago | Report Abuse

If really into stalking as a sex fetish.
These are the levels.

Stalking dead people => Read Biography.

Stalking => National Enquirer. Join millions of bored housewives.

Live Stalking => YouTube livecam

Real Stalking => This is a criminal offense arrestable under the Penal Code. From this fact you already know how despicable is stalking, even though stealth cloaked as biography.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

When the Debt to Equity ratio is very high.
This falls into another category that is called as: -
1) under capitalized
2) Over trading

We already know that the most common reason for company failures are:-
1) under capitalized
2) Over trading
3) Risky expansion entirely financed by debts.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

GenM interest as reported on latest QR is RM 416 million.
=> That's RM 1.6 Billion per year.

By itself that's OK.
On the overall picture this means GenM has no room for any unforeseen events like economic downturn, natural disasters, etc

Any affecting events and it's a Goodbye funeral event for GenM.

=> GenM is an extreme hyper high risk stock which Mr Market has valued correctly.

=> DO NOT FIGHT WITH MR MARKET.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Its not that extreme hopeless.
GenM must transition to a small boutique casino with zero debts.
Unable to provide funding to other Genting units.
Instead will be other way round sucking cash from other Genting units.
This is also the Main Reason other LV, NY and SG units failed to perform as expected from glorified silly unrealistic projections that sparked utter abandonment of capital investment spend without limits indexed to returns.

Obviously Income aka Ular is the Sifu when he correctly predicted that GenM share price will be below RM1.00
You have a 50% capital loss coming.
............................................................

fundamentalist6632
I'm not certain the offline casino business can even last another 20 years. These days I'm eyeing US listed companies that do online gambling.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

You may fantasize as you wish because I refuse to deny that fundamentalist6632 is NOT one of my 1,000s of fake id's. 🤣

Posted by kaitan > 1 month ago | Report Abuse

aiyah, xmas, cny, hari raya then divvy coming. Price going up lah.

Posted by Income > 1 month ago | Report Abuse

One can't step into the same river twice.

Posted by Income > 1 month ago | Report Abuse

人不能两次踏进同一条河流

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Yes crocodile 🐊 waiting for 2nd attempt.

Next level is around 2.00 or below. Tough cookie.
In order to make profit Whales will make it 1.90 because 2.00 not enough meat.
It's a mine trap

Posted by Flyinghorse > 1 month ago | Report Abuse

https://asgam.com/2024/12/01/genting-says-no-immediate-plans-to-reopen-shuttered-malaysian-casino-floors/

Posted by Flyinghorse > 1 month ago | Report Abuse

https://asgam.com/2024/11/29/gentings-resorts-world-las-vegas-reports-worst-quarter-in-two-years-on-abnormally-hot-summer-election-year-uncertainty/

Posted by Junkit Ng > 1 month ago | Report Abuse

Balian bro. I seriously hope u dont make a play base on ur assumption that 416 million intrest paid is for 3month. Thats for Q1-Q3 not Q3 alone if u read the header u will see its a unaudited 9 month ended. Lol if u read financial statement like this no wonder u think gen m is going to be PN17

Posted by Junkit Ng > 1 month ago | Report Abuse

If u look back at their QR report u will see that compared to 2023 total intrest paid went down by 20mil so in reality gen m is actually lowering their finance debt. On the other hand i have been contemplating what u said about PN17 i concede that genting m have had it rough this 3 year with their annual asset/liability being around 56%-60%. However thats still considered the norm for a hospitality company that just got hit by 2ratehike cycle and covid. Ur thesis that they will go bankrupt is basicly faulty cuz u misinterpret their QR report i seriously hope u havent made short the shit of genting cuz u think i will go bankrupt.

It might face a blackswan headwind but as of know they are still not at bankrupcy and sell everything to cover level.

Posted by Junkit Ng > 1 month ago | Report Abuse

"short the shit out of genting cuz u think it will go bankrupt"

Sry typo

Posted by ScotFree > 1 month ago | Report Abuse

Bailian, you are a
F U C K I NG piece of shit.

Posted by xiaoeh > 1 month ago | Report Abuse

Congrats i3Lucker
just received a highly affirmative and praise towards i3 society from your competitor
Salute🕴

Posted by ImCK > 1 month ago | Report Abuse

the net interest only take 12% of ebitda only
net interest is really not a big issue many without CFA anlysis skill is unable to understand the true sistuation

Posted by ImCK > 1 month ago | Report Abuse

at latest quater Finance costs 201.1 million - interest income 33.4 million = net interest cost is only 167.7 million . 167.7 million / 1,048.0 biillion EBITDA just 16% piece of nut

Posted by ImCK > 1 month ago | Report Abuse

while depreciate to the ebitda is 29.8%

Posted by ImCK > 1 month ago | Report Abuse

if exclude non cash expenses item the earning is 848.2 million

Posted by Junkit Ng > 1 month ago | Report Abuse

For real i seriously dont understand how they keep spourting gentingm gonna go into bankrupcy narrative over and over again.

Q1-Q3 EPS went from 3. 48 in 2023 to 12. 51 in Q1-Q4 in 2024 with gentingm being stack with cash and all US, UK, EGYPT, BAHAMAS and so on all making equal/ slightly more profit over last year. I seriously cant fathom how they calculate genting going bankrupt cuz of 1off expensese like net foreign exchange, finance cost, joint finance cost and write off.

No matter how u count after everything genting m still making slight profit while sitting on a stack of cash.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Congrats Xiaoeh
Yeah it's amazing.
Immediately after QR
I posted cashflow is very strong for GenM blah blah blah all very good.
I was strung up for beatings and I must had lots/lorryloads of GenM shares.

So I did a Turning Over Operasi on myself
and did/took the other side of the debate team.
Just for fun purposes. 🤣
Yawn 😴

____________________________


xiaoeh

Congrats i3Lucker
just received a highly affirmative and praise towards i3 society from your competitor
Salute🕴

2 hours ago

Posted by Income > 1 month ago | Report Abuse

I think xiaoeh = ular。
Welcome 2 genm。U ahmoing in Genm very long oredi.

Posted by Income > 1 month ago | Report Abuse

I think xiaoeh = ular。
Welcome 2 genm。U ahmoing in Genm very long oredi. Or
Xiaoeh = stockraider.
Ah Fah at JIn Puduraya becoming long term investor like warrant buffalo?

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Thunderstorms forecast for next 7 days.
What an exciting backdrop stage to sell GenM. 😂

Posted by Balian de Ibelin > 1 month ago | Report Abuse

BTW
MikeCheatYouCrazy claims I am sslee and Stockraider.

=> That means I am xiaoeh and Ular also. It's so confusing rite?

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Income
Thanks for the HeadsUp.

I already know MarbleCat is very vicious.
Likely GenM will go way down today.

Posted by Sslee > 1 month ago | Report Abuse

As at
30.09.2024 : 31.12.2023
RM’000 RM’000
TOTAL EQUITY 10,905,623 : 12,012,111

NET ASSETS PER SHARE (RM) 2.06 : 2.26

Did anyone notice why the total equity and NAPS droping while GENM reported profit?

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Gave out the blood to holding company GenT who is in serious trouble.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Likely GenM will continue to give out dividends for next 3 years.

Money laundering is perfect whereas ordinary people troubled by continuing share price drop from high dividend.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Income
Velesto is in serious play today.
Rumour is 1 guy got serious margin call on Fryday.
=> Buy at your own risk.
1 level up is shifting up and down mere seconds ago.
=> Should go Technical Rebound back to 19 sen. Time period uncertain.

Posted by turbochart > 1 month ago | Report Abuse

This boat too heavy.!!🤗 Too many crab 🦀😁😁

Posted by Income > 1 month ago | Report Abuse

Balian Sir, I no Rm for Velesto. TQVM for your info.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Understand.
Once you compare.
Velesto gearing only 10% compared with 105% for GenM
Velesto expected to be debt free very soon.

Posted by Income > 1 month ago | Report Abuse

人不能两次踏进同一条河流

Posted by Junkit Ng > 1 month ago | Report Abuse

As at
30.09.2024 : 31.12.2023
RM’000 RM’000
TOTAL EQUITY 10,905,623 : 12,012,111

NET ASSETS PER SHARE (RM) 2.06 : 2.26

Did anyone notice why the total equity and NAPS droping while GENM reported profit?

Net foreign finance cost eat up all the profit for 2024, currently gentingm still in the red for 2024 if business is good in Q4 then genting m end with slight green. Basicly 2023 year gentingm eneded with 837mil at 2023 Q3 now they are - 256mil at 2024 Q4. However big funds have been slowly buying into genting their holding almost 70% alrd

Posted by Junkit Ng > 1 month ago | Report Abuse

Typo: They are - 256mil at 2024 Q3

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Everybody knows GenT owns 49.3% of GenM and accounts are consolidated into GenT results at 49.3%

Posted by Balian de Ibelin > 1 month ago | Report Abuse

4Q24 is already known as a huge Forex loss todate.

Possibly fate of GenM might change in next 30 days but it's highly unlikely as FF are now doing AFC strategic moves to Malaysia again these past few days.
RM is expected to devalue if these AFC moves continue unabated.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

If you google or Bing the USD/RM chart you can see the rise and fall of RM and RM had started to devalue again.

Weirdly the rise started exactly on 1 Oct 2024.
So while 3Q24 is a huge forex gain. 4Q24 is a huge forex loss.
You can expect a 10% forex loss
So 10% of 6.75 Billion => RM675 million forex loss.

Is that a buy signal?

The NTA for 4Q24 is expected to drop further with the compulsory blood letting to GenT.
[Otherwise GenT will not survive.]

Posted by Junkit Ng > 1 month ago | Report Abuse

Again this comes back to the fed policy, its simple RM/USD is the aftermath of bond yields. It will be hard to for u to understand if u are not familiar with bond, US rate cycles and how the fed and treasury affects everything.

For those that are familiar with bond yields they will tell u, LKT play is actually really smart as he is banking on a high return trade as long as he has enough fund to cover his position. The current cycle is that the fed is reducing rates to ease the US credit crunch that's happening behind the scene. In this scenario USD will depreciate and MYR will appreciate this happened in 2000s and 08 , however on the initial fed rate cuts US funds will OPT to skip treasury and head for high risk stocks like russell and tech. In this senario the demand for bonds go down and the yield goes up hence the 1 oct 2024 MYR return to deprecating against USD. This senario will keep on going untill the black swan happens and funds run back to yeilds for safe haven after than USD will crash with the FED panic cutting.

its a lot of cause and effect but once u understand this line of cause and effect u will understand how his trade will be super profitable.
FED- YEILD- TREASURY- HEDGE FUND- BOND- MARKET RISK