GENTING (3182): Company Profile

100% will rate cut 0.20 ....but genting still dropping

23 hours ago

Nice bullish closing 4.11 - tonite wait good news (Fed rate cut) tomorrow rocket

22 hours ago

DonCandleone

How the hell is that a bullish closing MM? Are you viewing the right stock?

22 hours ago

@DonC Come share ur bearish TA - tomorrow lets see what happens

22 hours ago

AngTayKor

@DonC you are new here. But we have seen MM doing evil bad karma tactics here for years. His comments will depend on his position in this stock. Before buying, MM will do fear mongering this stock non-stop. After he bought, roti prata flip U-turn and start promoting non-stop.

Posted by MoneyMakers > | Report Abuse
No wonder soo cheap
US regulator sue RWLV (money laundering violation) + GenS QR terrible
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Dont bother with TauRx - got hundreds other alzheimer med under Phase 2/3 clinical trials
Current share price values TauRx at 0 - so TauRx failure only minimal affect share price
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Stuck even when bursa up 1650 pts
Feel people wait sell expecting bad QR soon
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2 more days margin call b4 bad QR (expected Thur) - lets see how low can go
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Late selloff continue ystrdy red
Seems people want exit b4 bad QR (GenS bad) out
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Crazy evening selloff - wait&see how bad QR later
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Woww big revenue drop + profit cut half..bad econ people no money travel??
Ystrdy Dollar General shares drop 30% after bad QR (weak consumer)
Economy soo bad..GB Q2 revenue alrdy drop 1st time - disaster if nxt QR more revenue drop
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2023 still ‘covid recovery’ so shouldnt compare y-o-y
Q2 suppose seasonally strong (raya holiday etc) but QR soo bad - Q3 later even worse??
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Everywhere weak economy - GenS/GenM alrdy affected Inflation destroy wealth
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Walao afternoon red alrdy - just need break under 4.30 then bye2
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If GB future soo good (look forward) - wouldnt be 4.3 now
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<Before MM buy, he will always do his evil bad karma tactics non-stop fear mongering here>

Posted by MoneyMakers > | Report Abuse
Will join hibernate 2weeks (mybe longer)
Gdluck all hodlers - nonhodler dont missout collect cheap
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Last chance collect cheap b4 nxt week rocket (div + Fed rate cut)
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@PrudentInv No leh rate cuts good 4 economy/stocks
See Dow alrdy up 300pts tonite - this week easily jump 1,000pts (power of rate cuts)
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Welcome to Fed rate cut week - hopefully GB follow US market huge rally
Fasten seatbelt & ready to rocket
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Boring/flat day..let it rest after 2 green day
Hopefully tomorrow Fed rate cut can refill rocket fuel
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Nice bullish closing 4.11 - tonite wait good news (Fed rate cut) tomorrow rocket
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After MM bought liow, he will roti prata U-turn encouraging others to buy. Its very predictable la happened many times already. Wishing all holders good luck (including to MM himself la since he just bought), then start encouraging those who have not bought to buy (dont miss collect while its "cheap").

22 hours ago

DonCandleone

Alamak...like that ah!

So it's not even the first time😮

That's not very ethical now, is it?😥

21 hours ago

@DonC Normal lo got red/green day - need see bigger TA picture

Today red looks bullish to me..just wait&see tomorrow lo

21 hours ago

DonCandleone

Posted by MoneyMakers > 53 seconds ago | Report Abuse

@DonC Normal lo got red/green day - need see bigger TA picture

Today red looks bullish to me..just wait&see tomorrow lo

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Bro there is no way you just said that, I think dont dig a deeper hole sia.

Still got time to delete this...

Red also bullish?😮

21 hours ago

DonC Aiyaa no need argue long2 - will take too long teach u TA

Just wait&see how GB closing this week

21 hours ago

Aiyoo DonC why delete ur ‘candlestick book’ post??

Was looking forward see u eat ur candlestick book tomorrow kikiki

21 hours ago

choysun

Short position increased to 9.04m as of yesterday. I suppose today increased again. Today hit 4.10 but still queue tak dapat. Tomorrow should get gua. :)

21 hours ago

kent9988

马币从7月开始起了10% 有没人可以estimate下个季度GB外汇盈利是多少

19 hours ago

9.04m…. damn… shortlist sot oledi

18 hours ago

Peaches L

US Fed rate cut by 0.5%

12 hours ago

choysun

Short position 8.39m. Covered more than 600k yesterday, so some sold coz of FED cut? Now 50 bps cut, good? Hmm.

6 hours ago

can buy oledi?

6 hours ago

not yet 4 leh

6 hours ago

prudentinvestor

Now trading at less than half its nta of RM8.94 a share. How much further can it fall?

6 hours ago

aiming 4 mah

6 hours ago

0.5 rate cut plus rebound of MYR. I think will boost or improve Genting earning and profit.

5 hours ago

Remember rate cut 0.5 is not huge because previously interest rates is 5.50%. So now is 5%.. still a lot for those companies who are borrowing money from the US. By the way rate cut still good for us as reducing the financing cost.

5 hours ago

ngwt

kent9988 : if GB hv 1 billion USD asset in USA, GB will value asset as RM 4.8 billion (1: 4.80). For example, our currency currently at 1:4.30, then, USD asset will reduce to RM4.3 billion when convert to our MYR currency. So, in this case, GB will be get forex gain or loss ?

5 hours ago

prudentinvestor

"aiming 4 mah"
I think the probability for Genting to consolidate at around this level for a short while before moving up is much higher than its probability of dropping to RM4.

4 hours ago

i3gambler

Base on latest quarterly result.
1) GENM's USD borrowings = RM8089m, i.e. RM3990m effectively belong to GENTING.
2) GENP's USD borrowings = RM955m, i.e. RM529m effectively belong to GENTING.
3) GENTING's USD borrowings = RM30872m, i.e. 30872-8089-955=RM21827m is GENTING own borrowings.

So total GENTING's USD borrowings = 3990+529+21827=RM26347m.
A 0.5% reduction in interest rate will save GENTING about 26347*0.005=RM132m.
Or EPS will increase by 3.4 sen, apply a PE of 8 times, GENTING fair value should go up by 27 sen.

4 hours ago

the loan or debts are fixed interest rate oledi la… unless refinancing happening soon else paying old rates kan???

4 hours ago

Asset revaluation does not show on P& L la... u are not going to sell it ...lol. let everyone know u are smart lol.
Only sell it just display on P&L.

4 hours ago

U better restudy ur acc knowledge...

4 hours ago

The Federal Reserve’s decision to cut interest rates by 0.5%..and signal further reductions over the next few years is generally positive for Genting Berhad in several ways...

Policymakers see the Fed’s benchmark rate falling by another half of a percentage point by the end of 2024, another full percentage point in 2025, and by a final half of a percentage point in 2026 to end in a 2.75 per cent to 3 per per cent range.

3 hours ago

Genting Berhad has substantial USD-denominated debt, amounting to about USD 6.53 billion. The Fed’s decision to lower rates reduces Genting’s interest expenses on its USD borrowings...leading to immediate savings on debt servicing (recurring benefits). As interest rates fall further over the next few years, these savings will likely continue to improve Genting’s cash flow.

3 hours ago

interest rates generally boost economic activity by encouraging borrowing and investment. Genting’s U.S. operations, such as RWLV, RWNYC and Empire Resorts, could benefit from increased consumer spending, driven by improved economic conditions and cheaper financing options for U.S. consumers.

3 hours ago

Genting Berhad holds significant assets in the U.S., Singapore and UK. These assets contribute to its NAV but are vulnerable to exchange rate fluctuations. When the USD, SGD weakens against the MYR, the value of U.S. assets in MYR terms decreases, affecting the company’s overall balance sheet and potentially its stock valuation.

3 hours ago

Since Genting Berhad is trading significantly below its NAV, the market may already be factoring in the risks and uncertainties surrounding these assets, including currency fluctuations and the performance of U.S. operations. As a result, further reductions in U.S. asset values due to a weaker USD may not have an immediate or substantial impact on the share price, as it is already deeply discounted.

3 hours ago

The Fed’s rate cuts provide a strong tailwind for Genting Berhad's potential U.S. IPO. The combination of lower borrowing costs, stronger consumer demand and improved equity valuations increases the likelihood of success for Genting’s IPO of RWLV, RWNYC and Empire Resorts..

3 hours ago

I won’t respond to comments..

2 hours ago

If the current USDMYR exchange rate of 4.3 is sustainable, then Genting will benefit from the lower cost of servicing its substantial USD debt on a recurring basis, for as long as this exchange rate remains stable..

2 hours ago

Fed cut 0.5% + more cuts coming

Just 1% rate cut (30Bil debt) get extra 300Mil/yr profit

2% rate cut = extra 600Mil profit..easy money

2 hours ago

Nice little morning rally - want see bigger jump evening later

2 hours ago

keyman

哎呦会买的就是会买... 就算是从5块... 一路亏着买到今天的 4块1 还是能自我安慰说, 你看nta 8.9喔半价喔... 不买就傻了.... 懂的... 我们当时就是这样走过来的咯.... 🤭

2 hours ago

马来西亚没有股买了

2 hours ago

keyman

But heartily, how many of us that are really gain profit from genting.... Dont tell me, at least I am not the one....

2 hours ago

Be patient rocket just start

Collect cheap sit back & enjoy the show

2 hours ago

usually blue-chip companies always higher than its NTA. Therefore, Genting can do it as well.

2 hours ago

With the decline in the USDMYR exchange rate from RM4.71 to RM4.3, Genting Berhad has effectively reduced its USD-denominated borrowings.. which total USD 6.53 billion, by approximately RM2.6 billion. Moreover, if the USDMYR exchange rate drops further to RM4.0 by 2025, an additional debt reduction of around RM1.9 billion is anticipated.

Analysts' net debt forecasts for Genting Berhad appear achievable:

2023: MYR 15,000 million
2024: MYR 13,157 million
2025: MYR 11,072 million
2026: MYR 8,978 million.

This progressive reduction strengthens the company's financial position and prospects.

2 hours ago