Genting Malaysia share price still ok. Genting Berhad force selling. If you don't have money to pick-up, please don't buy. It is very painful under force selling by broker.
Genting Singapore weak Q4 result was mainly due to kitchen sinking activities where the company booked in higher impairment for trade receivables, penalties and write-offs, and higher non-cash depreciation charges.
I see no alarm over Genting Singapore business as its cash balance ballooned to SGD3.9 billion as of 31 Dec 2023, and China tourists to Singapore are back to 100% pre-pandemic level. Maybank analyst expects the high impairment on trade receivables and penalties will not recur in 2024 and beyond.
I still see Genting Singapore to grow its EBITDA towards SGD1.4 billion by FY2025.
Good old dreaded impairment charges…these charges go up and own like yo yo. This is called Creative accounting ……let’s see what impact this has on the group as well as if other business also have elevated impairment charges …often referred to as black box!
Genting Singapore Slumps Most in Four Years After Earnings Miss
Citigroup noted, maintaining its buy rating on the stock.
“Notwithstanding a likely negative knee-jerk reaction, we don’t feel the equity story of Genting Singapore is changing,” JPMorgan Chase & Co. analysts including DS Kim wrote in a note. The brokerage remains overweight on the stock and asked clients to use any pull-back to “accumulate this quality asset at a good price.”
Sure they may be right, but these surprises are all too common with Genting …. This time it is impairment suddenly next time something else or as was few weeks back transferring more shares held privately in empire resorts to Genting! Company lacks governance and professionalism I would say …needs to CEO from outside to get credibility not a family member.
I think Riaz 1954 is right. We need a CEO from outside. Let's vote the family CEO out in our next general meeting. Pls turn up in full force. I sold mine all and wait for 4.50 and below cos i think results will look like shit. Spore Genting is a good example. Coming Monday once results out you will know what i mean. My sixth sense.
newbie2019, 15c div fat hope!!!!! Nothing more than 9 sen. With Gentung business so good and yet the price cant even maintain above 5.00. Better buy PBB, MBB, YTLpower, TNB and other blue chips
Genting Likely to Post 2023 Profit on Tourism Recovery-- Earnings Preview
Genting Berhad is expected to have swung to net profit of 1.34 billion ringgit ($280.5 million) for 2023, according to the median forecast in a FactSet survey of analysts.
Genting Likely to Post 2023 Profit on Tourism Recovery-- Earnings Preview
Genting Berhad is expected to have swung to net profit of 1.34 billion ringgit ($280.5 million) for 2023, according to the median forecast in a FactSet survey of analysts.
You sure it will reach 5 in short term? 5 is likely a curse to it. This time is impaired loss. Then inject fund to bailout ER. Maybe one day will do right issue. Asking $$ from us. This fellow...
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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....
keyman
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Posted by keyman > 2024-02-23 11:16 | Report Abuse
Better dont place great hopes on it. Just a bonus.