1 ) If Q1 2023 no more impairment, result should be positive. 2) Reversal of Sin tax or Gambling Tax on impairment in Q4 2022 as one time extra ordinary gain in following quarter. 3) Chinese tourists 4) Listing of RWLV 5) Taurx
Taurx, has a real chance of being approved ….that’s what I have been told by a scientist in US who is responsible for one of the big Pharma’s trials…..given the exit of Billy Dunn, at the FDA, is also a big positive. Good news may come between 2-3rd quarter 2023. Shame Genting shares cannot be bought in US
Cash flow v profits! …..which is more important? Profits are hit by non cash items, …..for genting post launch of Las Vegas resort depreciation is high …the question is when does it peak? As to impairment …check what impairment actually covers are caused by. If any of assets are are left idle and not be used the values carried in the books are adjusted to the fact that the asset is not generating revenue, hence impairment. One would think if all Genting s business are working and nit left idle, than impairments costs should be lower going forward! The unrealised x currency loss, is not realised and they move with x rate. It would be useful to know when depreciation for LVR peaks!
Gambling is a significant public health issue in Australia; estimates suggest that Australians lost approximately $25 Billion on legal forms of gambling in 2018-2019, the largest per capita loss globally. Since 2009, NSW has seen an increase from $8 Billion to $10 Billion in total expenditure and losses (Australian Institute of Health and Welfare, 2021). While the industry claims that it is beneficial as it supports economic growth and generates revenue, it also causes significant economic and social harm to gamblers, families, and local communities (Paterson, M, Taylor, M, & Gray, M, 2020). Problem Gambling is any behaviour that inhibits and impact relationships, family, finances, employment and loss of control and addiction (Lifeline, 2021). People can gamble on electronic gaming machines, the lotto, scratch lotto tickets, card games, racing and other types of betting. The average problem gambler in Australia: • Loses approximately $21,000 per year • Six times more likely to get divorced • Four times more likely to suffer from alcohol abuse • Children of problem gamblers are ten times more likely to become gamblers • Whilst gambling was not found to increase intimate partner violence directly; it does intensify the severity and frequency of violence against women and increase the economic abuse of women in violent relationships (Australian Gambling Research Centre, 2020).
Genting Berhad is a Malaysian multinational conglomerate that operates in various industries, including leisure and hospitality, power generation, oil and gas, and plantations. In this fundamental analysis, we will examine the company's financial performance, growth prospects, and other factors that may impact its future stock price.
Financial Performance:
Genting Berhad has a strong financial position, with a market capitalization of approximately RM 38.6 billion as of March 2023. The company's revenue has been impacted by the COVID-19 pandemic, but it has been steadily recovering since the second half of 2021. In FY2021, the company's revenue was RM 15.38 billion, down by 17.6% from FY2019. The net profit attributable to shareholders was RM 2.54 billion in FY2021, compared to RM 4.49 billion in FY2019. The company's earnings per share (EPS) were RM 0.168 in FY2021.
Growth Prospects:
Genting Berhad operates in various industries, providing it with diversification and growth opportunities. The company's leisure and hospitality segment, which includes its casino and resort operations, is expected to recover gradually as travel restrictions ease and vaccination rates increase. The company's power generation segment has a strong track record and provides a stable source of revenue. Additionally, the company's oil and gas and plantation segments provide further diversification and growth opportunities.
Other Factors:
Genting Berhad's leisure and hospitality business is heavily reliant on its properties in Malaysia, which may create some near-term volatility. Additionally, the company faces competition in the industries in which it operates. However, the company has a strong track record of operating in these industries and has built a strong brand name.
Conclusion:
Genting Berhad has a strong financial position and operates in various industries, providing it with diversification and growth opportunities. The company's financial performance has been impacted by the COVID-19 pandemic, but it is expected to recover gradually. Potential investors in Genting Berhad should carefully consider the risks associated with the industries in which it operates, as well as the ongoing pandemic. Overall, Genting Berhad's diversification and strong brand name make it an attractive investment opportunity for long-term investors.
Remember that.. investing is a marathon and not a sprint.
In the short term, share prices can react to all manner of macroeconomic data and investor sentiment. Investors are, instead, should be keeping their eyes focused on the longer term..
Michael_chan2022 : "In FY2021, the company's revenue was RM 15.38 billion, down by 17.6% from FY2019. The net profit attributable to shareholders was RM 2.54 billion in FY2021, compared to RM 4.49 billion in FY2019." ..............net profit in FY2021 ????
Hello @ElGato my fellow Taurx kaki long time no hear from you. TAURX PHARMACEUTICALS LTD is an unlisted public company (need to be registered as a public company if there are over 50 shareholders) with abt 1500 shareholders. You are correct shares are either traded privately or new share issue via share placements etc by the company.
Posted by neohts > 7 minutes ago | Report Abuse Just wait for Q1 2023 result and collect 9 % Dividend first. ----------------------------------------------------
LOL... you using ChatGPT? 9 sen dividend become 9% :p
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....
choysun
4,403 posts
Posted by choysun > 2023-03-03 08:33 | Report Abuse
No prizes for guessing green or red today :p