Posted by alibiii > 2024-05-30 19:14 | Report Abuse

Last qr FX gain 130mil. So this qr actually very much better than last qr if FX excluded

Posted by 8u29song > 2024-05-30 20:15 | Report Abuse

no good....

Posted by Peaches L > 2024-05-30 20:29 | Report Abuse

GenT much better than GenM.

Posted by dragon328 > 2024-05-30 22:50 | Report Abuse

Genm registered improved performance from all three regions: Malaysia, UK and US with adjusted EBITDA totalling RM810 million.

It was impacted by a non-core forex loss of RM130m in this quarter, hopefully non recurring.

US division (Resorts World New York City and Bahamas) registered improved EBITDA of RM153 million in Q1 FY2024, annualised to RM612 million.

Genm had total USD loan of about RM8.0 billion as of 31 Mar 2024. Assuming average interest rate of 4.5%, I estimate annual interest expenses to be RM360 million. Cash tax expense would be minimal given that the US divisions were at pretax loss after depreciation charge. So operating cashflows for US division would be about RM612m - RM360m = RM252 million a year.

This reaffirms my earlier view that RWNYC was cashflow positive to the tune of US$50m a year.

True that Genm had a higher loss from share of results from associates (mainly from US Empire Resorts), the loss was only RM5.8m higher for a much larger equity stake of 89.6% from 76.3% earlier. If we add back non-cash depreciation charge, EMpire Resorts was indeed EBITDA positive and most probably cashflow positive too. This also strengthens my earlier claim that the latest injection of US$100m by Genm into Empire Resorts would not be a bad thing. That would have helped Empire Resorts to save interest expenses and to break even sooner.

Though Genm had a higher loss from

Posted by Michaelchan2024 > 2024-05-30 23:10 | Report Abuse

Thanks dragon328 for the detailed explanation about GenM's performance in Q1 2024

Posted by skyjet > 2024-05-30 23:58 | Report Abuse

Tomorrow Genm and Genting gap up and close higher.

Posted by Nepo > 2024-05-31 08:02 | Report Abuse

Thank dragon328 summarized the key main points

Posted by Michaelchan2024 > 2024-05-31 08:23 | Report Abuse

https://agbrief.com/intel/deep-dive/31/05/2024/genting-malaysia-sees-profit-revenue-up-as-resorts-world-genting-improves/
Genting Malaysia sees profit, revenue up as Resorts World Genting improves

Posted by Michaelchan2024 > 2024-05-31 08:24 | Report Abuse

https://www.asgam.com/index.php/2024/05/31/genting-malaysia-revenues-profit-up-in-1q24-on-growth-in-malaysia-and-us-gaming-markets/
Genting Malaysia revenues, profit up in 1Q24 on growth in Malaysia and US gaming markets

Posted by Hong9933 > 2024-05-31 09:08 | Report Abuse

Why down

Posted by LEE0516 > 2024-05-31 09:13 | Report Abuse

what happen?

Posted by kfliau > 2024-05-31 09:28 | Report Abuse

Got cash flow already so gotta pump more for Empire

Posted by yongyong88 > 2024-05-31 09:29 | Report Abuse

Good news out! SELL. Just like in Casino Genting, when baccarat trend points to banker and everyone bets on banker, the card goes the other way!

Posted by smurfbee > 2024-05-31 09:30 | Report Abuse

limit down better.... channel profit somewhere else.... this counter should be sold down to $2

Posted by profit profits > 2024-05-31 11:30 | Report Abuse

ta ib short sell genting ?

Posted by Chong (Buy Valuable Stocks) > 2024-05-31 11:37 | Report Abuse

Government need money....tax gau gau

Posted by faralenz77 > 2024-05-31 11:46 | Report Abuse

Genm results below expectation. Many trapped.

Posted by skyjet > 2024-05-31 12:14 | Report Abuse

Bought Genting at 4.79 and GENM at 2.67

Posted by Cansandra > 2024-05-31 12:18 | Report Abuse

难看咯。平时不拉一拉股价，现在等report出来，本来是要庆祝的GenB 被逼拿来顶Genm. LGT 知道现在的Genm股价都会想起来kam 9你和你的Operator. 看在之前在GENM有赚过钱才来说你，不然都懒得理你。真的难看至极

Posted by ivanlau > 2024-05-31 12:20 | Report Abuse

I am waiting sor-chai 天哥 post article ask his all followers hold tight tight, this is long long long term investment, be patient, it will back to rm 4 or 5 in one day ........ hahahaha

Posted by LilasIkuta > 2024-05-31 13:49 | Report Abuse

everything is under control guys, predump before pump

Posted by jocteh > 2024-05-31 17:03 | Report Abuse

Today drop 0.15...Qtr gained but market reacted like qtr loss

Posted by LilasIkuta > 2024-05-31 17:26 | Report Abuse

hahhahah

Posted by ivanlau > 2024-05-31 18:09 | Report Abuse

Wonder half boiled egg 天哥 still hold GENM ? If yes, he will ask his 1/4 boiled egg followers be patient , this is long long long term investment, GENM will come back rm 4 in one day . hold long long long term really a good excuse to cover their failure stock pick ........ hahaha

Posted by RonnyWu > 2024-05-31 18:12 | Report Abuse

Moving forward, GenM said the operating environment for the regional gaming market is expected to continue improving, supported by an optimistic outlook on international tourism amid ongoing restoration in global capacity and air connectivity.

https://theedgemalaysia.com/node/713734

Posted by khorzheng > 2024-05-31 20:05 | Report Abuse

Genting Malaysia raises RM1.3b from medium-term notes issuances

https://theedgemalaysia.com/node/713864

Posted by LilasIkuta > 2024-05-31 21:08 | Report Abuse

today dump too hard, monday back to 2.7

Posted by Uniglobe > 2024-06-01 10:37 | Report Abuse

Good results but price falls maybe due to unscrupulous professionals such as company secretaries, auditors, accountants or key mgt leaked out information of good results to their friends or relatives to buy on their behalf. These insiders then dump after announcement of good results to make quick and easy profits.

Posted by Michaelchan2024 > 2024-06-01 10:38 | Report Abuse

https://youtu.be/FsQQHI-Qj5I?si=qXc3iz7NiXPEFH8O
GENM: 行情總在絕望中誕生

Posted by BuySoLow SellEvenLower > 2024-06-01 15:43 | Report Abuse

Why GenM got dumped and bashed like this ?. Funds not happy that no dividends was announced in the QR ?

Posted by LilasIkuta > 2024-06-02 00:36 | Report Abuse

chill guys.. this this oversell situation, will up back soon

Posted by punpipi > 2024-06-02 19:09 | Report Abuse

Good news Europe start cut interest rate, USA will soon announce, maybe this fed meeting or next one. Genm can get small relieve from loan cost.

Posted by ctlimmy > 2024-06-03 03:24 | Report Abuse

No more hope for Genting Malaysia under the leadership of 3rd generation, he likes nightlife more than GenM.

Posted by ctlimmy > 2024-06-03 03:37 | Report Abuse

云顶大马已经没有希望，第三代领导人比较喜欢夜店，完全没能力领导云顶大马集团。

Posted by Michaelchan2024 > 2024-06-04 09:22 | Report Abuse

https://theedgemalaysia.com/node/713985
Phillip Capital starts coverage of Malaysian gaming, GenM top pick

Posted by bullrun2025 > 2024-06-04 12:13 | Report Abuse

Any hope for Genm?????

Posted by ncw1225 > 2024-06-04 13:34 | Report Abuse

no hope

Posted by jamestecs > 2024-06-04 15:29 | Report Abuse

yo, come on, waiting for it big drop, shortist bagi kuat sikit.

Posted by Joo1818 > 2024-06-04 17:02 | Report Abuse

Despite most analysis is a "buy" call, foreign fund just ignored as they are still wary of LKT's family self interest instead of the company. No amount of conjuring able to kick start the price higher. Perhaps it's time put a number of queries in this coming AGM. Why is the AGM still carrying online since economy already opened up? Are the directors just collecting remuneration blindly without check & balance? Do they deserve the directors' remuneration if they do not act independently & only acted as yesman to LKT?

Posted by LilasIkuta > 2024-06-04 19:53 | Report Abuse

comeback is real

Posted by yongyong88 > 2024-06-05 09:51 | Report Abuse

Why share price still lower than during pandemic? Despite substantial increase in revenue and profit after pandemic. Poor governance? Looks like foreign funds ignoring both Genting and GenM.

Posted by Agjl > 2024-06-05 14:27 | Report Abuse

The theme now is data center. Every tom dick and harry jump into the DC bandwagon

Posted by Agjl > 2024-06-05 14:27 | Report Abuse

Casino not popular anymore

Posted by WinBigOrLoseAll > 2024-06-06 10:29 | Report Abuse

we need HK to produce again movies like Gamble God, Gamble Boy, Gamble Man, Gamble Queen, Gamble Mama, Gamble Papa, Gamble Son, Gamble Daughter, Gamble Ah Beng, Gamble Ah Kau then only GenM will be shine again

Posted by RonnyWu > 2024-06-06 13:27 | Report Abuse

Sadly, HK movies no longer shine like they used to ... miss the good old time

Posted by drkelvin20 > 2024-06-06 16:27 | Report Abuse

after AI theme, now constructions + Property theme...soon GENM and GENTING gonna fall out of KLSE stock component list soon...

So much difference can make for a good competent CEO, and a CEO who just suck high salary and keep spending for own investement in US

Last time his father used to give high dividend...ended up his gen, really no eyes to see...the type of quality of this gen CEO, really kanasai...

just useless and not competent and capable.

Posted by LilasIkuta > 2024-06-06 17:39 | Report Abuse

how oh like this? sell ?

Posted by OnTime > 2024-06-06 18:18 | Report Abuse

gambling/theme park r consumer discretionary, currently out of favor.

Posted by speakup > 2024-06-06 18:55 | Report Abuse

At least Genting don't simply simply announce they venturing into the current hot theme
When gloves was hot, mahsing fast fast say they going into gloves
Now DC is hot, mahsing fast fast say they going into DC.

Posted by TonsilBasher > 2024-06-07 10:27 | Report Abuse

Where is Tian Ge? he should come out and explain