Don't carry high hopes for February special dividend coz they afford to pay as US & UK casino still be red. Special dividend reward after announcing 4th quarter results. I'm personally think it still not good. 11 cents dividend might still get if 2021 is positive. Cash reserves 6 billion drop to 3.7 billion in less than a year aren't good. Beside debts still needed to be paid on time. So view the stock as long-term play. 2022 should be fine if covid-19 under control.
1st quarter 2021(Jan-Feb) and 4th quarter result of 2020 all red. Second half 2021 if covid under control maybe small profit or else cash reserves will keep burning
Genting will refrain from giving dividend because high expenses. Cash reserves might further reduce below 3 billion even if they maintain zero dividend
Oops, loyal supporters Tedinvestor, stocksyndicate & skybursa all became opposition parties already. Today I reduced a quarter of my stake in GenM as well. Anyhow I think they will buyback when the share price becomes attractive again.
@limkokthye Even cmco or partially lock down enough impact to genm aldy. Opening of theme park will defer. opening border still ban. Furthermore, the situation on US and UK still havent mitigate even aldy start vaccination instead even worse nw. vaccine sound like good news but too many side effect and still need more time to monitor. few days bck a 56years old Doctor death after inject the vaccine. the case still under investigation. People too optimistic on vaccine.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
limkokthye
6,039 posts
Posted by limkokthye > 2021-01-08 16:36 | Report Abuse
fd ? fd good, get 1.5 % perannum lol