Genting's financial results last year should be much better than the previous two years but it would take at least another two years for it to recover to pre pandemic years.
Price is also far away from pre pandemic, mid Jan 2020 was around 6.
Whats more, skyworlds is now running, RWLV is now opened, RWS is going 2.0, RW Hudson is now open, RWNY is likely to convert to full license, and Taurx is now not too distant away
I'll talk about the bad too, ie 2 or 3 more RPTs along the way, which perhaps may negate half of what Skyworlds could bring.
We shouldn't be over optimistic. In case the earnings fail to meet our expectations, then we won't be too disappointed. It is a great achievement if earnings can improve by 100% over the previous quarter.
Considering that Genting's quarterly earnings only amounted to around 9 sen a share in 2018 and 2019, making 6.6 sen a share in the final quarter of last year is already a great achievement.
RPT IS SMALL CHANGE TO CASH COW GENM ! BESIDES THERES NOT MUCH TO RPT AFTER SO LONG ! SO WE RIDE WITH LKT BECAUSE HE'LL DISTRIBUTE THE RICHES WITH MINORITY SHAREHOLDERS HUAT AH!
Wow Moody expects Genting to achieve record EBITDA of RM8.9 billion for the 12 months to Sept 2023, from RM7.0 billion a year ago. There won't be much capex to be spent in Malaysia and the US, maybe some S$300-500 million capex to expand Genting Singapore Sentosa 2.0. Minus RM1.4b for interest expenses and RM1.0b for cash tax, free cashflows may come to RM8.9b - RM1.4b - RM1.0b - RM1.5b = RM5.0 billion minimum.
Moody’s revises Genting and subsidiaries’ outlook to ‘stable’ amid continued recovery in leisure and hospitality biz
As I have said earlier ..very strange behaviour, small moves selling starts. These are retailers selling either individually or as part of syndicate …..I can’t Imagine people are using algorithms, they are not that sophisticated…..but you never know. For algorithm to work it has to trade quickly and connected to stock market and low commission. I think it is small retailers making money for next meal!
Congrats, last week retailer net selling 18.2mil of GenB again and all mop up by Local nominees. As long as retailer is dumping mean good news to all. Enjoy the show.
All of us are retail investors. Even if one has RM5 million to invest but does the buying and selling himself, he is still considered a retail investor.
besides MOOdys, has any inst made any forecast about genb and genm qtr results? knowing a little will help in deciding to buy in early or not..... who here agrees to goin tom?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
prudentinvestor
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Posted by prudentinvestor > 2023-02-10 20:49 | Report Abuse
Genting's financial results last year should be much better than the previous two years but it would take at least another two years for it to recover to pre pandemic years.