Low profit because of high depreciation and high interest cost. Good thing is depreciation is non cash item, which means Genting is generating high cash and they can use it to pay debt to reduce interest cost, sooner will pay higher dividend.
Gent Divvy only 0.060 down 0.030 But why insiider pls Yr say Like jacjkson said Family need money give high divvy no need money give alittle all are cheaters
The Big Pharma Mafia. They control FDA and "non-profit" lobbying group the Alzheimer's Association. Using the same tactics like Mafia colluding with trade unions doing racketeering in the past.
I guess reasonable progress in terms of revenue generation but the bottom line is impacted by interest on loan as well poor management of cost including CEO pay. The loan issue can be partially resolved by sale of property, monetising businesses or rights issue as opposed to private placement. Unless these actions are taken profitability will remain subdued.
Re dividend..I rather Genting focus on improving its EPS, so that the price recovers. Until EPS grows there will be no uplift in price. They need use cash genrated to reduce interest payment. They did pay not high dividend due to boss not needing the extra cash flow probably for tax reasons!😀This is an issue with large shareholder who runs business as family business as opposed to running for the Shareholders. Their presentations and market up dates awful or simply don’t done, CFO is not active etc etc….that’s why it is stuck for some time.
Genting should enjoy improved sequential earnings in 2H, says Maybank IB
KUALA LUMPUR (Aug 28): Genting Bhd should enjoy improved sequential earnings in the second half of 2023, as visitation to its casinos in Singapore and Las Vegas improves on seasonality and major events, according to Maybank Investment Bank (Maybank IB).
Genting shares has small traders who continuously sell on small movememtw. I am beginning to think it is dead stock …until there is catalyst like, big sale of properties or businesses or listing ….or Drug approval! Otherwise the management are sleeping with no incentive do anything this happens when CEO is the highest paid despite poor strategy and governance! Need professional management….like in US companies.
Hello, Malaysia public tv broadcasting that PAS planning to topple Zahid and bring up someone to unit umno with perikatan nasional and reclaim as ruling party for federal government of Malaysia! Because of this, funds dumping Genting and stay away!
RGB share price crashing badly as investigated by SPRM for possibility linked to non-halal gambling political funds were used in last General Election. M not sure if other gambling businesses such as genting, Toto, magnum involving in such activities or not. That’s why market funds desperately pull out from Genting!
Keep blaming green wave …some in this forum blamed talibination …..as the reason for Genting underperformance. The fact is some guys don’t want to swallow the truth and look for excuses! The simple truth is Genting is company with legacy mind set very old archaic thinking …with incompetent overpaid CEO who does not know how to revive the company. We have examples of many better CEO’s in Malaysia….but recognised by bias , racists basically of their capability eg CEO of CIMB who has turned the company around. Where as Genting this family owned dinosaur of a company needs new blood and professional CEO to take charge ….perhaps from the west to bring governance and cost control and shafting of shareholders!
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....
Carlson Choo
63 posts
Posted by Carlson Choo > 2023-08-24 11:49 | Report Abuse
is this week report out or next week?