I honestly think Genting needs a new CEO perhaps from another country and industry….need a professional business manager and not shareholder. Pay should not be an issue as current incumbent earns top tier compared to international markets…in fact he is over paid, fresh blood will invigorate share price
Get somebody like Tufan E Turkish CEO of Rolls Royce plc aeronautical company, I promise he will sort out Genting in 1 year….he is master of turn around and he is on GBP 1 m plus salary, share options. He is not demand …..the problem is he will find many things thst are being done not to make profit ….!
Genting Bhd registered a net profit of RM929.20 million in the financial year ended Dec 31, 2023 (FY2023) compared to a net loss of RM299.90 million a year ago.
Its revenue jumped to RM27.12 billion from RM22.38 billion, boosted by the leisure and hospitality businesses in the United States, Bahamas, United Kingdom and Egypt
Genting Singapore dropped 9.7% on the first day after announcing its quarterly results due to poor market sentiment. Despite many SG blue-chip companies announcing good performance..their share prices continue to decline until today Nothing unusual la..
Selling pressure seems subsided, last leg to push KLCI to 1570 before correction......to let some foreign fund to exit. Hopefully after a good correction, there will be a small bull before Raya end of March......Food, chicken, eggs and plantation.....
The highest point of Jakarta Composite index (JKSE) was at 743 in 1993, the present JKSE is at 7,323 on 18/2/2024, an increase of 6,580 points or 886% in the last 30 years. Indonesian investors are super rich.
The highest point of FBMKLCI was at 1,332 in 1994, the present FBMKLCI is closed at 1,534 on 16/2/2024, an increase of 202 points or 15.3% in the last 30 years. Malaysian investors are very poor.
Very sad for Malaysian investors.
KLSE stock market is far ... far ... worse than other stock markets in the last 30 years.
Even the FBMKLCI Index moves up north to 2,000 points, it is still nothing to compare against other best performing stock markets. KLSE is still a laggard stock market in SEA. Thank you.
PETALING JAYA, Feb 27 — The local equity market is in a sweet spot for a prolonged bull market, on the back of improved external development, the expected rebound in China’s economy, coupled with cheap stocks and ringgit valuations, said Capital Dynamics Asset Management Sdn Bhd managing director Tan Teng Boo.
He expects the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to, at least, double its current level to hit between 2,500 and 3,000 over the next three to five years.
His second prediction is depanding on current government especially Anwar to do correct things! (He expects the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to, at least, double its current level to hit between 2,500 and 3,000 over the next three to five years.)
Angmoh still hold this stock? As I know, many Angmoh funds cash out already. Local funds cant buy bcoz of non syariah. Dont at last us ikan bilis the only party in the game. 😰
HLIB raises target price for Genting to RM7.12, sees sustained recovery momentum
the research house said the performance exceeded both house (108%) and consensus (+129%) estimates. It said the positive deviation was due to stronger-than-expected topline.
“On a full year basis, Genting’s performance continued to benefit from the overall increase in business volumes as international travel gradually recovers.
1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 20 Mar 2024 2) The last date of lodgment : 21 Mar 2024 3) Date Payable : 19 Apr 2024
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....
Riaz1954
1,321 posts
Posted by Riaz1954 > 2024-03-01 08:26 | Report Abuse
I honestly think Genting needs a new CEO perhaps from another country and industry….need a professional business manager and not shareholder. Pay should not be an issue as current incumbent earns top tier compared to international markets…in fact he is over paid, fresh blood will invigorate share price