Posted by Ahmadahmad88 > 2021-02-25 13:34 | Report Abuse

people expect earn billions in 2022.

Posted by Calafate > 2021-02-25 13:37 | Report Abuse

@happy123.......Companies under Genting Malaysia are
a) Malaysia: RW Genting
b) USA & Bahamas: RW New York City, RW Catskills, RW Hudson Valley (in planning stage), RW Miami (in planning stage), RW Bimini
c) UK & Cairo: RW Birmingham, Genting casinos (42 in UK & 1 in Cairo), GentingBet.

Posted by JBond007 > 2021-02-25 13:41 | Report Abuse

Loan for a vacant land at RW New York City?
Most probably an expansion for full scale casino in the world largest city.
Hold tight tight & dumb dumb for the announcement.

Posted by shareinvestor88 > 2021-02-25 16:57 | Report Abuse

TheMeg why do you say losses 1b ? In this case better sell TP 2

Posted by ongth60 > 2021-02-25 17:10 | Report Abuse

Still got 1.9 trillion to go..

Posted by r8 > 2021-02-25 19:18 | Report Abuse

Dividend 0.085

Posted by Sweetchocalates > 2021-02-25 20:29 | Report Abuse

500 mil in dividens and cash holdings only 2.4b???

Wow.

Posted by emsvsi > 2021-02-25 20:31 | Report Abuse

Genting Malaysia gives out dividends in good times and bad, not just during supernormal profits :)

Posted by shearer202 > 2021-02-25 21:01 | Report Abuse

Genting and genm still the best stocks for dividend ! Suitable for uncle like me !

Posted by theidiotone > 2021-02-25 21:18 | Report Abuse

RM3.20 before the end of this ride, take good care of your profit ya guys

Posted by vanbasten9 > 2021-02-25 21:37 | Report Abuse

RM 3.3 still worth buying see touch n pancut all the way. Will reach RM 4.2 in 2021 baring ebola pandwmic

Posted by vanbasten9 > 2021-02-25 21:39 | Report Abuse

Like this in normal times EPS is 28 sen or RM 5.6 with PE of 20 so.....

Posted by twynstar > 2021-02-25 21:56 | Report Abuse

Postive key points from announcement today:

1)The Group achieved adjusted EBITDA of RM350.3 million, despite the Group recorded LBT and net loss of RM2,137.5 million and RM2,361.5 million respectively

2) For 4Q20, the impact to the Group’s earnings was mitigated by higher hold percentage in the mid to premium players segment, coupled with lower operating expenses as well as a reduction in payroll and related costs due to lower headcount. The Group registered adjusted EBITDA of RM130.8 million

3) Resorts World Casino New York City (RWNYC) had registered approximately the same level of gross gaming revenue as 4Q19

4) Genting SkyWorlds, is targeted to open by the middle of 2021. The theme park is a key growth initiative for the Group in Malaysia.

Posted by Philan008 > 2021-02-25 22:25 | Report Abuse

Wow GenM loss at its lowest for 2020 (even lower than Jan-March period)!!!

Posted by vanbasten9 > 2021-02-25 22:28 | Report Abuse

Airport c26 30 chase

Posted by themeg > 2021-02-25 23:11 | Report Abuse

From LKT perspective, if he keeps the cash in Genting, it will be burnt anyway. Might as well pay out dividend so he can bail out Genting Hong Kong ? At the end, shareholders might think they become richer because of the dividend, but in the fact the NTA and cash in the company which they owned, has dropped significantly.

Posted by themeg > 2021-02-25 23:14 | Report Abuse

Wah, the NTA is even lower than the share price. This rarely happen. 2021 can make good profits?

Posted by Moustache > 2021-02-25 23:35 | Report Abuse

Got dividend u also noise, no dividend u also noise. Really knn

Posted by vanbasten9 > 2021-02-25 23:35 | Report Abuse

Themeg double your money with cw

Posted by Goldgent > 2021-02-25 23:38 | Report Abuse

themeg was burnt in glove counters. Difficult to buy other shares already.

Posted by Albukhary > 2021-02-26 00:15 | Report Abuse

Loss making still pay dividend, because the bosses need cash for his own debt.

Posted by ongth60 > 2021-02-26 00:35 | Report Abuse

At least he pays out dividend, some of the cash rich companies keeps the money to themselves and do take over of the companies, these are typically value trap companies

Posted by ongth60 > 2021-02-26 00:36 | Report Abuse

We just need to be concern about the cash flow if its dwindling too fast, that's all

Posted by Sweetchocalates > 2021-02-26 01:03 | Report Abuse

Hartalega and supermax making record breaking profit did not give out any special dividends.. meanwhile stanley thai buys a new luxury condo in usa. Lol

Posted by hck1981 > 2021-02-26 01:05 | Report Abuse

please lah...no worry...have u all analyze detail GENM financial report ? so far Q4 revenue increase and loss decrease compare to previous quarter !

Posted by hck1981 > 2021-02-26 01:06 | Report Abuse

this is very good improvemt...as far next qtr will start profit loh...

Posted by hck1981 > 2021-02-26 01:07 | Report Abuse

GENM cash on hand can give 6 years dividend also have extra !...why want worry....big boss GENM also no worry, u all worry gor what ?

Posted by hck1981 > 2021-02-26 01:09 | Report Abuse

and the covid 19 caaes down to 1000 .....good down !...next week confirm no more MCO as can cross state due to Vacination stqrt ing

Posted by Sweetchocalates > 2021-02-26 01:09 | Report Abuse

Last quarter big loss because of taxes also

Posted by Sweetchocalates > 2021-02-26 01:10 | Report Abuse

Deferred tax

Posted by themeg > 2021-02-26 02:00 | Report Abuse

RM2.2bil loss in FY2020, NTA dropped 3.27 to 2.64, Cash balance dropped from RM6.5bil to RM2.4bil.

FY2021 = RM3bil loss?

Posted by themeg > 2021-02-26 02:04 | Report Abuse

How is Genting helping the world to keep pandemic under control? Did Genting contribute to Tabung Covid for the nation?

Posted by JBond007 > 2021-02-26 03:34 | Report Abuse

@themeg...u have been too excited on the prospect of the glove counters. I don't know why u continue to post condescending comments on CIMB, Air Asia, Genting & GenM for the past 5 months. But I think it's time to wake up from your self enthusiasm & self eagerness dream.

Posted by apprentice > 2021-02-26 06:52 | Report Abuse

Figures dont lie.

Some management bizness decisions are questionable. Closing the theme park and building new multi billion $ park without firm commitment from Disney was suicidal.

Dipping into cash reserves to pay dividend may be nice but worrisome to investors.

A company's strength is its management.

So far the man at the top is no where near what his uncle was.

BTW I hold GenT and GenM shares for 30yrs now and wish only the best for all investors. Hope the boss will too, not just himself.

Posted by investor9996 > 2021-02-26 07:13 | Report Abuse

today must allin genting!!! gogogo !!

Posted by investor9996 > 2021-02-26 07:16 | Report Abuse

after profit qr, no more below rm3 ticket

Posted by 752_michael_chan > 2021-02-26 07:44 | Report Abuse

Party to continue..long to enjoy !

Posted by Calafate > 2021-02-26 08:06 | Report Abuse

@apprentice....fake investor, laugh die me....you invested for 30 years & you don't know the relationship is father & son.

Posted by apprentice > Feb 26, 2021 6:52 AM | Report Abuse
Figures dont lie.

Some management bizness decisions are questionable. Closing the theme park and building new multi billion $ park without firm commitment from Disney was suicidal.

Dipping into cash reserves to pay dividend may be nice but worrisome to investors.

A company's strength is its management.

So far the man at the top is no where near what his uncle was.

BTW I hold GenT and GenM shares for 30yrs now and wish only the best for all investors. Hope the boss will too, not just himself.

Posted by Mytime > 2021-02-26 08:08 | Report Abuse

MASSIVE drop in casinos stocks in US. Hold tight

Posted by Goldgent > 2021-02-26 08:16 | Report Abuse

Adding time. Get the bullets ready.

Posted by Nepo > 2021-02-26 08:55 | Report Abuse

Bullet almost exhausted..how to do..?

Posted by Bgt 9963 > 2021-02-26 08:56 |

Post removed.Why?

Posted by OnTime > 2021-02-26 08:59 | Report Abuse

losing money also can give dividend.

Posted by gohkimhock > 2021-02-26 09:03 | Report Abuse

Dividends are from retained earnings, no need from the current FYE.

Posted by OnTime > 2021-02-26 09:03 | Report Abuse

strong company

Posted by Nepo > 2021-02-26 09:09 | Report Abuse

Distance to RM 3 only a stone throw away..
Once cross over RM3, then RM 3 is its footing..

Posted by Donator > 2021-02-26 09:27 | Report Abuse

Only Genting can keep give dividend...buy buy buy...

Posted by Sweetchocalates > 2021-02-26 09:31 | Report Abuse

@gohkimhock how can div from retained earninhs? Retained earnings are not necessarily cash. Dividends have to be paid in cash.

Posted by Donator > 2021-02-26 09:35 | Report Abuse

@Sweetchocalates he mean the COmpany can give dividend as long as retained earning still have balance...of course GENM still cash rich only can paid out the dividend...

Posted by Calafate > 2021-02-26 09:39 | Report Abuse

TA Securities raised GenM TP to RM3.56.

*Genting Malaysia Berhad (4715)*
*Target Price: RM3.56 (Buy)*
GENM’s core losses of RM1.4bn for FY20 came in lower than our loss expectation but within consensus forecast. The variance was largely due to lower-than-expected tax expense in 4Q20. For this quarter, the company declared a special single-tier dividend of 8.5sen/share. GENM’s 4Q20 core losses narrowed to RM180mn from RM418mn in the preceding quarter, despite a lower revenue of 26.5% QoQ. This was mainly due to turnaround of US operations with EBITDA of RM70.1mn (vs LBITDA of RM71.1mn in 3Q20), narrowed losses from Empire Resorts, and the cost savings from reduced operational headcount. No change to our FY21-23 earnings projections. Maintain Buy on GENM with higher target price of RM3.56/share.