GENM (4715): Trailing 4Q Financial Results

https://focusmalaysia.my/shell-launches-malaysias-largest-ev-charging-hub-at-genting/
Shell trust Genting

2 weeks ago

NatsukoMishima

https://www.orientaldaily.com.my/news/north/2024/07/11/664796

Just a matter of time

2 weeks ago

ocbc

Be greedy when others are fearful ! US is cutting rate soon...Cheers !

2 weeks ago

ykloh

Gambling will not stop by banning it. Look around one will find corruption is illegal but it still flourishes.

2 weeks ago

具体内容如下：

高庭裁决：亚罗士打高庭裁定吉打州政府之前实施的赌博禁令违宪。
影响：该禁令导致依赖合法赌博行业的家庭失去工作，面临经济困境。
税收贡献：合法赌博行业每年为国家带来巨额税收。例如，2022年赌博税每月为政府贡献约8000万令吉，云顶集团和马来西亚云顶的赌场和综合度假村在2022年首9个月为国家贡献了11亿8000万令吉的公司税，博彩公司如万能和多多缴纳的所得税总额达4999万令吉。
呼吁：莎莎敦促吉打州政府尊重各民族在州内自由选择生活方式的权利，而不是单方面实施违宪的赌博禁令，导致失业和合法企业运营受损。
总结来说，莎莎认为吉打州政府应尊重高庭的裁决，承认其赌博禁令违宪，并考虑到合法赌博行业对国家经济和就业的贡献。

if they ban gambling, where they can find these easy money, goverment is not dumb, just accumulate more

2 weeks ago

NatsukoMishima

Take money from here to save another company , very unhappy !

2 weeks ago

BenjaminSS14

I believe it will be bullish in the second half of 2024. TP RM4 (will not explain for now)

2 weeks ago

genm will fly soon guys, readyy

2 weeks ago

Shines

The court already says its unconsitutional to ban, why still harpping on it, get on to the next level.

1 week ago

malays no need Genting, NFO lah coz now got Halal Casino in CASINO DE BURSA!

1 week ago

ocbc

yes , ban bursa also bcu almost same like gambling also. Drink water chocalate kelantan will do !

1 week ago

Monitoring the indicators below can help you identify potential bullish periods for casino stocks. Current conditions:

1) The economy is growing or recovering from a downturn.
Rating: 🌟 🌟 🌟
(Rate cuts are expected to boost economic growth)
2) Interest rates are stable or declining.
Rating:
(Expected Fed interest rate cut in Sept 2024)
3) Consumer confidence is high.
Rating: 🌟 🌟 🌟
(Rate cut expect to boost consumer confidence)
4) Tourism is on the rise.
Rating: 🌟 🌟 🌟
(Rate cuts will boost consumer spending and tourism)
5) Favourable regulatory changes are in place.
Rating: 🌟
(No favourable regulatory)

1 week ago

A bullish period for casino stocks might occur if the Fed initiates a series of interest rate cuts until 2026. By the end of 2025:

1) The economy is growing or recovering from a downturn.
Rating: 🌟 🌟 🌟 🌟
(Rate cuts are expected to boost economic growth)
2) Interest rates are stable or declining.
Rating: 🌟 🌟 🌟 🌟 🌟
(Expected Fed interest rate cut to continue)
3) Consumer confidence is high.
Rating: 🌟 🌟 🌟 🌟
(Rate cuts are expected to boost consumer confidence)
4) Tourism is on the rise.
Rating: 🌟 🌟 🌟 🌟 🌟
(Rate cuts will boost consumer spending and tourism)
5) Favorable regulatory changes are in place.
Rating: 🌟

1 week ago

5) Favourable regulatory changes are in place:
- Visa-Free Travel Policy
- Visit Malaysia Year 2026
- MM2H system
Rating: 🌟 🌟 🌟 🌟

1 week ago

ImCK

ask GENM go for REIT la then can cut down a lot debt

1 week ago

guys its going back to RM3 pretty soon

1 week ago

DividendGuy67

IF GENM breaks above 2.68, we will be testing 2.85-2.90 over the next 1-3 months.
I followed my plan to buy at 2.50 which was duly executed 5 days ago.
I am now queueing to sell a significant % of my holdings near that range as I think it will continue to "ding dong" in the declining triangle that may converge in say 2026 before it breaks upwards.
I shared this idea over a month ago below.

Post #1
https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-06-12-story-h-159700553-GENM_queue_to_buy_at_2_50

Post #2
https://klse.i3investor.com/web/blog/detail/DividendGuy67/2024-07-06-story-h-157794984-GENM_Entering_Accumulation_Zone

1 week ago

Genting group is back
https://theedgemalaysia.com/node/718932

1 week ago

LossAversion

@ So "kitchi mai". Stop non-sense talk here plz

1 week ago

stncws

fake 1632,bursa, bear will hit you this month....crash is expected..

1 week ago

stncws

fake 1632,bursa, bear will hit you this month....crash is expected..

1 week ago

StakesAreHigh

Tomorrow rally

1 week ago

I guess Genm will retrace a bit to 2.57 - 2.59 tdy

1 week ago

Daulat Tuanku
https://www.mstar.com.my/lokal/semasa/2024/07/20/laungan-daulat-tuanku-bergema-sultan-ibrahim-ditabal-sebagai-yang-di-pertuan-agong-ke-17

6 days ago

The uncertainty around inflation, high interest rates, and the strong US dollar have made investors wary of casino stocks. The strong dollar, due to the Federal Reserve's interest rate hikes, has been tough on these stocks.

Now that inflation seems to have peaked and the Fed is considering cutting interest rates in Sept 2024, the US dollar is expected to weaken. This should reduce uncertainty and boost investor confidence, making casino stocks more appealing. A weaker dollar would benefit US based casinos with international revenue, likely leading investors to buy more casino stocks..

6 days ago

For GenM, the improving economic environment could also be beneficial.. As the US dollar weakens, the financial impact of any losses from its US operations will be less severe when converted to MYR. This will improve GenM's overall financial performance and attract more investors. Additionally, reduced market uncertainty and renewed investor confidence in the casino sector could further enhance GenM's stock appeal. Go go.. GenM!

6 days ago

https://www.thestar.com.my/news/focus/2024/07/21/a-new-takeoff-for-malaysias-economic-resurgence
A new takeoff for Malaysia’s economic resurgence

Malaysia's economy is bouncing back, with various sectors showing signs of recovery. Genting Malaysia, a major player in tourism and entertainment, is a key contributor to this resurgence.

Despite the challenges of the global pandemic, Genting Malaysia has remained resilient. Analysts predict a net income of 867 million for the company in 2024. With 57 million earned in Q1, it's expected to bring in around 270 million per quarter for the rest of the year.

Genting Malaysia's resorts, casinos, and entertainment complexes are attracting more visitors as travel restrictions ease. The company's ongoing projects and innovations are set to further boost Malaysia’s economy.

In summary, Genting Malaysia is playing a crucial role in Malaysia’s economic recovery, particularly in the tourism and entertainment sectors.

5 days ago

Historically, casino stocks have shown sensitivity to broader economic conditions, including interest rates, currency fluctuations, and investor sentiment.

Historical Context of Casino Stocks:

1) Economic Cycles: Casino stocks often perform well during periods of economic growth when discretionary spending increases. Conversely, they can struggle during economic downturns as consumers cut back on leisure activities.

Example: Extraordinary achievement in attaining 5.8% economic growth in Q2 2024.
👍👍👍👍👍
2) Interest Rates: Lower interest rates typically reduce borrowing costs, which can benefit casino companies that often carry significant debt. Additionally, lower rates can stimulate economic activity, leading to higher consumer spending, which is positive for the casino industry.

Example: The Federal Reserve is expected to cut interest rates in September 2024, which could help the casino industry by reducing borrowing costs and stimulating spending.
👍👍👍👍👍
3) Currency Fluctuations: A weaker US dollar can boost tourism as it makes travel to the US cheaper for international visitors, potentially increasing casino revenues.

Example: With the US Federal Reserve contemplating interest rate cuts in September 2024, the resulting depreciation of the US dollar is likely to reduce market uncertainty and restore investor confidence.
👍👍👍👍👍
4) Market Volatility: Reduced market uncertainty and lower volatility can enhance investor confidence, making stocks, including those in the casino industry, more attractive.

Example: The anticipated interest rate cuts and subsequent depreciation of the US dollar in September 2024 are expected to reduce market uncertainty and restore investor confidence.
👍👍👍👍👍

5 days ago

DickyMe

Whales bought 2.64
Whales now selling 2.56

-8 sen is profit?

Whales identified as Moby Dick?

4 days ago

Wow more tension in Middle East mean more foreign tourist come Malaysia instead of Middle East

4 days ago

Genting will Limit Up

4 days ago

Vincenzo888

GenM is my favourite stock for range-bound trading play. Don't be greedy, just claim 15% to 20% gain from Uncle Lim's son.

Suggest accumulate around 2.50, sell around 2.90.

Same pattern repeating for long period of time. See link below:

https://theedgemalaysia.com/node/684785

4 days ago

BuyWinSellAlsoWin

Went to Genting this Sunday.. more tables getting open now for gamblers..

4 days ago

CaoCao

Old man you got to prepare for knee jerk reaction when GenM delisted from KLCI component list. Don't cry papa cry mama ya. 🤣🤣🤣🤣

Posted by Balian de Ibelin > 3 hours ago | Report Abuse

Just bought 2.56

tomorrow buy again 2.50
coz Whales sold you 2.56 will want to buy below 2.50 🤣

4 days ago

https://www.channelnewsasia.com/asia/philippine-president-orders-shutdown-chinese-run-online-gambling-outfits-employing-thousands-south-china-sea-4496691?cid=internal_sharetool_androidphone_23072024_cna
Philippine president orders shutdown of Chinese-run online gambling outfits employing thousands

4 days ago

The ban on Philippine Offshore Gaming Operators (POGOs) might benefit Genting Malaysia in several ways:

1) More Visitors: With fewer online gaming options, people might visit physical casinos more.., including Genting Malaysia's facilities.

2) Market Shift: Players from POGOs might switch to Genting Malaysia, boosting its revenue.

3) Competition: Genting Malaysia needs to stay competitive to attract new customers from the POGO market.

In summary, the POGO ban could increase Genting Malaysia's visitor numbers and revenue, but they need to stay competitive to attract new customers from the POGO market.. and watch for regulatory changes.

4 days ago

Serious

Gamuda likely to replace Genting Malaysia as KLCI constituent - analyst
https://api.nst.com.my/business/corporate/2024/07/1079833/gamuda-likely-replace-genting-malaysia-klci-constituent-analyst

3 days ago

DickyMe

"Philippine president orders shutdown of Chinese-run online gambling outfits employing thousands"
=============================
Good decision by Pinoy government.
The Chinese boast about being business savvy but introspection into their businesses reveal highly toxic themed which manipulates human desire, addiction and greed.

3 days ago

massageinc

Body-to-body massages are offered only at <a href="https://www.massageinc.online/">body to body spa near me</a> centre, and this service is also female-to-male

3 days ago

Philippines orders foreign workers in offshore gaming hubs to leave in 2 months
https://www.straitstimes.com/asia/philippines-orders-foreign-workers-in-offshore-gaming-hubs-to-leave-in-2-months
Philippines orders foreign workers in offshore gaming hubs to leave in 2 months

2 days ago

Close low because Genting Malaysia will be replaced as KLCI constituent ... ?

2 days ago

Phillip Capital Research maintained its “buy” call on GenM, with an unchanged target price of RM3.45. “GenM remains our sector top pick, given the superior 6.8% dividend yield. We continue to advocate investors to accumulate on share price weakness, as GenM trades at an undemanding 6.6 times estimated 2025 enterprise value-to-Ebitda,” it explained.

1 day ago

close low because market going low

1 day ago

hodl Tp Rm3

1 day ago