Most, if not all, analysts, influences & promoters are false, untrue & wrong in any of their forecasts & predictions. If they are right, they will not & won't be doing these type of work. Why ? If they are so correct, they would have invested & reinvested and would have now become MULTI-MILLIONAIRES instead of posting & publishing fake & false info. Why work when you can invest & reinvest & become multi-millionaires. This shows they are just joking & jesting. If you believe in them, you better give them your money for them to invest for you. Hire them as your investment manager on performance basis.
As expected, GENP contributed less QoQ (about 2/3 QoQ), although profit up YoY (up 10%) due to low production season. My Short term target increase from 5.20 to 5.30.
GenB attributable net profit from GenS S$247m x 53% ownership= approx RM455m. If GenB Q1 result net profit rm300m, hungkan liow la that means all other subsi including GenP, RWG, Empire, RWLV etc running at attributable net loss of rm155m. GenS good result already priced in hence you get to see 4.70+ now. GenB's net profit need to be at least rm600m to show that attributable net profit from subsidiaries GenP, RWG, Empire, RWLV etc are giving rm145m. The bar is not high at all for Q1 NP rm600m. --------------- If GenP makes net profit rm60m for Q1, 55% ownership = approx rm33m of attributable to GenB. Combine GenS + GenP, both entities will be giving GenB attributable net profit of rm488m. If GenM + RWLV can just give another rm112m of attributable net profit to GenB, GenB's Q1 net profit rm600m liow. Its not difficult. Lucky we have the Singapore side to power up the group earnings. ++++++++++++
GenP's Q1 NP rm42.8m, @55% ownership = rm23.5m attributable to GenB. Both GenS and GenP are already giving GenB rm455m + rm23.5m = rm478.5m. Need another rm121.5m to hit rm600m Q1 net profit. Im confident RWG will perform well but the wild cards are always USA operations RWLV and Empire. If Empire is really so good, LKT wont be injecting it into GenM to save his own axx! 😀
@AngTayKor, 100% sure, RWLV Is running a loss now and at least in next the 3 years, although there is some EBITDA, depreciation/ financing cost is as high as 400m every quarter. on the other hand, power plant in india and meizhou wan china, always running net lose(almost never got net profit), almost all other business is making a net loss, except small profit for banten Indonesia and petro production in Chengdaoxi Block, plantation. This is the reason why genting Sing 52.6% stake worth more the GenS+Genm+RwLV+Genp+++++, and research home apply 45-50-60% discount on it projected price
Posted by rohank71 > 48 minutes ago | Report Abuse
hang on to GentB. will hit 7 to 9 just on current operations in 24 months. Taurx is just a bonus. ------------
Without Taurx, can't even smell rm6. Some day you will know the true power of Taurx. Trader can consistently extract 5 to 10% (sometimes even more) once every few months when trading this stock, but choose to bet showhand all into Taurx.
Don’t translate Ebitda as profit, interest, depreciation are running as high as 380-450m and 1050m every quarter. Furthermore impairment lose, investment lose, currency lose,loss in disposal assets.other lose…etc
1 day before results announcement and yet little interest in buying momentum.... any takes from anyone? ---------------
Look at Dow, HSI and KLCI today. How to expect this stock to be strong today? Betting on GenB result can be risky especially USA operations usually dragging overall group performance down. Just hope that Empire manage to secure NYC full casino licence, then quickly IPO off the USA operations including RWLV which is 100% debt financed. We are entering a higher interest rate environment so those USA debts will eventually be rolled over at much higher rate.
Genting back to pre pandemic profits, time to declare special dividends to celebrate, the king is back. Maybe the boss will organise Coachella at the AGM :D
Eventually 2025 june, price will be like 6/7+, even this quarter may see 350-400m+ Net in coming report, due to following reasons, 1) eventually us must cut rate early 2025, foreign fund need to be returned, turbo will be on gent, 2) currency gain on gem if us cut rate, 8% appreciation in RM translation 400m profit on genm 3) market need 3-4 sustainable quarter 500m+ net to let price back to 12-15x PE, 4) 3th-4th quarter is seasonally strong, 5) travelers haven’t full recover, 25-26 still bullies.
Everyone expects Genting to perform much better this quarter than the previous one. Got good results just inform small investors earlier. Why keep them in suspense?
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....
eagleye
194 posts
Posted by eagleye > 2024-05-29 17:53 | Report Abuse
Most, if not all, analysts, influences & promoters are false, untrue & wrong in any of their forecasts & predictions.
If they are right, they will not & won't be doing these type of work.
Why ?
If they are so correct, they would have invested & reinvested and would have now become MULTI-MILLIONAIRES instead of posting & publishing fake & false info.
Why work when you can invest & reinvest & become multi-millionaires.
This shows they are just joking & jesting.
If you believe in them, you better give them your money for them to invest for you. Hire them as your investment manager on performance basis.
They are pure bull shitters.