Posted by neohts > 2 months ago | Report Abuse

https://theedgemalaysia.com/node/724710

Genting Plantations’ 2Q net profit rises 20% on higher palm product prices
KUALA LUMPUR (Aug 28): Genting Plantations Bhd’s (KL:GENP) net profit for the second quarter ended June 30, 2024 (2QFY2024) rose 19.94% to RM85.12 million, compared to RM70.97 million over the same period a year earlier, due to higher palm product prices.

Earnings per share for the quarter rose to 9.49 sen from 7.91 sen, its bourse filing showed. Revenue dipped 6.05% to RM757.16 million from RM805.95 million, owing to lower sales volume at its downstream manufacturing business.

The group declared an interim single tier dividend of eight sen per share, to be paid on Sept 30.

Posted by RInvest > 2 months ago | Report Abuse

Fingers crossed for a good quarter

Posted by DonCandleone > 2 months ago | Report Abuse

Nvidia results beat expectations initially rose by 9% pre market but now down 6.89% already...results couldn't beat the highest analyst estimates hence the big drop also. Had some estimates going as high as $35-37 billion but end up only $30.5 billion revenue. And for results to impress 5 times in a row also very difficult, nothing new there liao past 4 results all same thing no power already.

Should see NASDAQ down big as well, NASDAQ and NVDA move closely in tandem.

Posted by ahbeng77 > 2 months ago | Report Abuse

what's next after banking counters? Genting and GenM both are still not move at all....

Posted by mushimushi > 2 months ago | Report Abuse

where is ATKlown? Arrested already for his whatz app business? I missed him already.

Posted by Pinky > 2 months ago | Report Abuse

Tech trade is started overcrowded. Time for rotation play.

Posted by choysun > 2 months ago | Report Abuse

Interesting to see where it swing end of day today. :)

Posted by KooSan > 2 months ago | Report Abuse

Christmas is 4 months away.......

Posted by RInvest > 2 months ago | Report Abuse

Will Christmas come early ? It’s sad situation where there is a cure and it’s being pressed down by some players to maintain their market share … so sad

Posted by DonCandleone > 2 months ago | Report Abuse

Posted by mushimushi > 1 hour ago | Report Abuse

where is ATKlown? Arrested already for his whatz app business? I missed him already.


People haven't even say anything yet, morning come and find trouble attack people already. Forum can see you are another one, like to jump on the bandwagon and attack people. Have your own opinions and stop blindly copying MM or Balian man.

Posted by DonCandleone > 2 months ago | Report Abuse

I'm not defending anyone here but I say things as it is. Constructive discussions about the mkt were taking place, have to go and say some rubbish like that start the war again, then whole day all argue non-stop. As ATK like to say some people really eat full no shxt to fart😵

Posted by DonCandleone > 2 months ago | Report Abuse

True mah...he was the one initiate and call people ATKlown first when all peaceful. I say things as they are. Lets just keep it to constructive discussions...agree right?

Posted by MoneyMakers > 2 months ago | Report Abuse

GenS Q2 prft only sgd109 Mil (Q1 sgd247 Mil) - GenP Q2 prft stagnant 80Mil

Need GenM save everything

Posted by Michaelchan2024 > 2 months ago | Report Abuse

Given the current exchange rates.., with
1 SGD = 3.31 MYR and
1 USD = 4.31 MYR
there might be potential for forex gains.

Posted by Michaelchan2024 > 2 months ago | Report Abuse

If q2 2024 doesn't show any forex gain, then no worries...we can always count on q3 to be the quarter overflowing with forex gains ..

Posted by Michaelchan2024 > 2 months ago | Report Abuse

Come Q4, expect to have a mysterious Christmas present for the year-end party. Why hesitate? Load now so we can celebrate the year-end party together!!! 🥳

Posted by Michaelchan2024 > 2 months ago | Report Abuse

Wishful thinking, I know.. but who doesn't enjoy a little festive daydreaming??

Posted by Michaelchan2024 > 2 months ago | Report Abuse

https://www.businesstimes.com.sg/opinion-features/how-fed-will-help-singapore-reits-outshine-banks?close=true
How the Fed will help Singapore Reits outshine banks

In the past 2 years, the share price of Genting has moved in tandem with the reits sector. With the Fed Cutting interest rates in Sept 2024, hooray! Genting is expected to outperform the banks.

Is it a snake oil scam?? You decide..

Posted by KooSan > 2 months ago | Report Abuse

RM 500 mil achievable?

Posted by kokhoor > 2 months ago | Report Abuse

Unbelievable...

Posted by KooSan > 2 months ago | Report Abuse

Yoyo....

Posted by keyman > 2 months ago | Report Abuse

Cash Ah Cash.... You are better than that rubbish genting share... 🤭

Posted by choysun > 2 months ago | Report Abuse

Anyone topped up before closing? 😝

Posted by newbie2019 > 2 months ago | Report Abuse

dump dump down

Posted by stampid54 > 2 months ago | Report Abuse

People throw before closing tody. Wonder why ... 😐

Posted by Peaches L > 2 months ago | Report Abuse

GENM PAT 82.237 mil and dividends 6 cents only

Posted by purple70 > 2 months ago | Report Abuse

got out w minimal profit this 12th round , all cos cash is needed.

Something funny w market lor! Crash coming ah

Posted by KooSan > 2 months ago | Report Abuse

GEN Bha 495 mil and dividends 6 cents. Close to 500 mil

Posted by Havefun > 2 months ago | Report Abuse

I think is 23xm not 495m

Posted by Save > 2 months ago | Report Abuse

Aiyo 239.7M, below expectation, 4.15 support

Posted by choysun > 2 months ago | Report Abuse

So, anyone can give a readout of the quarter report?

Posted by calvintaneng > 2 months ago | Report Abuse

Aiyoo

Sell and Switch to SOP better

SOP (5126) A FANTASTIC RESULT AND A ROCK SOLID BALANCE SHEET FROM THIS PALM OIL COMPANY, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-29-story-h-153176392-SOP_5126_A_FANTASTIC_RESULT_AND_A_ROCK_SOLID_BALANCE_SHEET_FROM_THIS_PA

Posted by Pinky > 2 months ago | Report Abuse

Not okay meh? Looks decent to me

Posted by Michaelchan2024 > 2 months ago | Report Abuse

It’s always refreshing to see Pinky's positivity!! RM496 million net profit in 2Q24 looks solid. GenB, keep it up!

Posted by MoneyMakers > 2 months ago | Report Abuse

Woww big revenue drop + profit cut half..bad econ people no money travel??

Hopefully big discount tomorrow

Posted by KooSan > 2 months ago | Report Abuse

Higher than last year....Decent result

Posted by Pinky > 2 months ago | Report Abuse

Leisure and hospitality biz is always seasonal, I'd not look so much into a single quarter

Cumulative year-to-date or rolling 4 quarters numbers are more meaningful

Posted by RInvest > 2 months ago | Report Abuse

Drop is also an opportunity

Posted by alextan5680 > 2 months ago | Report Abuse

HY EPS 21.51 compare to last year's 6.72 consider improve alot

Can someone explain? (looks like everyone not satisfied with the Q2 results)

Posted by alextan5680 > 2 months ago | Report Abuse

吉隆坡29日讯）云顶（GENTING，3182，主板消费股）公布2024财政年次季业绩（截至6月30日止），净赚2亿3966万令吉，按年增升49.27%，上年同期为1亿6055万令吉；营收为68亿5943万令吉，按年上升3.01%，上年同期为66亿5915万令吉。

云顶上半年净赚8亿2852万令吉，较上年同期的2亿5858万令吉激增220.41%；上半年营收为142亿9076万令吉，较上年同期的124亿8166万令吉，上扬14.49%。

董事局宣布派发每股6仙首次中期股息，除权日为9月17日。

与此同时，云顶大马（GENM，4715，主板消费股）公布2024财政年次季业绩（截至6月30日止），净赚8224万令吉，按年上涨74.52%，上年同期为4712万令吉；营收为26亿6945万令吉，按年上升7.88%，上年同期为24亿7453万令吉。

云顶大马上半年净赚1亿4002万令吉，较上年同期的1974万令吉激增609.18%；上半年营收为54亿3436万令吉，较上年同期的47亿5802万令吉上扬14.21%。

董事局宣布派发每股6仙首次中期股息，除权日为9月17日。

云顶大马通过新闻稿指出，云顶世界（Resorts World Genting）的赌场与非赌场业务表现出色，推动休闲和酒店业务的营收增长5%，至16亿1510万令吉。

此外，英国与埃及的业务营收录得20%增长，而美国与巴哈马业务的营收亦成长11%。

与此同时，虽然联号公司--帝国度假村（Empire Resorts）赌场--卡斯基名胜世界（Resorts World Catskills）的营收有所下降，但哈德逊河谷名胜世界（Resorts World Hudson Valley）业务的贡献有所提升。

展望未来，云顶大马对休闲和酒店领域的短期前景仍持谨慎态度，但乐观看待长期前景。

Posted by newbie2019 > 2 months ago | Report Abuse

genM div good

Posted by Michaelchan2024 > 2 months ago | Report Abuse

Is it time to consider buying Genting Berhad (KLSE)?
Those interested can Google this article..

In summary, Genting Berhad's lower PE ratio compared to the industry and its stable share price suggest that it might be undervalued and a good buying opportunity for investors looking for a relatively stable stock with growth potential.

Genting Berhad not only appears undervalued based on its current price, but its strong growth prospects make it an even more attractive investment. The anticipated profit growth and resulting higher cash flows could drive up the share price, offering potential gains for investors.

while Genting Berhad's low PE ratio and strong profit outlook suggest a good buying opportunity, investors should also take into account other elements like capital structure to make a well-informed decision.

Posted by Michaelchan2024 > 2 months ago | Report Abuse

Haha, it looks like sSimplWallStreet has gone full cheerleader mode for Genting Berhad this time.

Posted by MG9231 > 2 months ago | Report Abuse

Just notice ex-broker Chua Ma Yu , once one of the bosses of brokering firm, Rashid & Chua & Co, has increased his holding of 8,460,000 shares. Currently he holds 32,470,000 shares. He is number 6th major shareholders of Genting Bhd

Posted by ckwee168 > 2 months ago | Report Abuse

anyone can help to explain why is the taxation so high for Genting Malaysia operations? RM140 million tax charges against PBT of RM230 million? this is looking unusually high to me and dragging down the EPS ..

Posted by Michaelchan2024 > 2 months ago | Report Abuse

Oops, didn’t realize the info was too much 😁. Just saving it for my own records. Hope it’s not too distracting!

Posted by hhhiii123 > 2 months ago | Report Abuse

qr look good, and next Qr should be better with lower interest rate expected

Posted by hhhiii123 > 2 months ago | Report Abuse

@ckwee168, for you info the when come to tax calculation, it need to add back many non-cash expenses, thus increase the taxable income. So most of the time tax amount not simply equal to PBIT* %.

Posted by KooSan > 2 months ago | Report Abuse

@Havefun

I think is 23xm not 495m

A lot of people do not know how to read consolidated accounts

Posted by Michaelchan2024 > 2 months ago | Report Abuse

Whether it's referred to as profit attributable to the group level or equity holders of the company doesn't matter to long term investors. Just make sure to have the buying trolley cart ready for tomorrow or next week.