Genting Singapore and Genting Plantation result should be out next week. Expected very good result. If Q1 2023 no more impairment, Genting Berhad should be positive result,
Results are probably not good….impairments remember are creative accounting to get manage results. There is no interest in the management to let the price rise….no effort is being made….in fact quite the contrary, yes, market sentiments are poor, but if you look around globally the recovery stocks have recovered well….Genting is a very strange counter ….lot of small sellers may be acting in syndicate ….that what it looks like!
Yes @Choysun, GenS still bringing in the dough strongly for GenB. If we multiply this Q1 result by 4 quarters, NPAT for GenS could be over S$500m (RM1,675m) for the year 2023. There was nothing wrong with my earlier analysis months ago abt GenS and Taurx. GenS has been bringing in strong profits for the past 11 quarters. *************************************
Posted by emsvsi > | Report Abuse YES ENOUGH OF INCOME COMPLAINTS REMINDS ME OF SINGAPOREANS ! -------------------
ATK: Hello don't bad mouth Singaporeans here. Genting Singapore is the one that is bringing in most of the dough for the past 2 years. If you want to see this stock above rm10, the only hope is not from Tiong tourists but from Singapore based Taurx Pharmaceuticals. --------------------
Posted by emsvsi > | Report Abuse KEEP QUIET ANGTAYKOR UNDERWEAR ! GENTING HIGHLANDS IS THE GRANDDADDY OF THEM ALL UNCLE LIM KNOW YOUR PLACE SINKALANPOREAN --------------------
ATK: Keep quiet EMPTYVESSELi. Proven again ATK is correct GenS is the one bring in most of the dough. EMPTYVESSELi likes to shut out good contributors while making a lot of noise to Skyrocket the naive to HOLLAND.
Genting Singapore reported its business updates after trading hours on Friday. Its excellent reports will likely lead its share price to higher level, the same goes to Genting Bhd.
Genm is run a resort hotel business....casino license issue , they have plan B if PAS come in power. US and outside msia is genM main focus . they going to open more casino and resort .
Sell in May and walk away mostly apply to Technology Stocks like Greatec, Penta, Fronktn, Inari, Mi, Grotronic and Dufu. Cannot apply to Genting Berhad.
Genting Singapore Q1 EBITDA is weaker than Q4 2022 mainly because of normalisation of VIP win rate and the fact that Q1 is seasonally the weakest quarter for non gaming revenue.
Furthermore, the arrival of Chinese tourists in Q1 was affected by low airline seat capacity (and hence high air ticket prices). Based on latest data, the airline seat capacity from China to Singapore in May 2023 only reached 51% of that of May 2019, so there is still a lot of room for the number of China tourists to Singapore to increase in coming months.
Just wait for next week Q1 2023 result. Could be positive or negative. Sell if you have no confident. Buy more if you can hold for longer term. Q2 2023 result factor in with Big Gain in disposed of Land in US. Can you wai for so long ?
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....
RWG
1,051 posts
Posted by RWG > 2023-05-10 19:13 | Report Abuse
ringgit,klci all drop, malaysia madani make the worst