The ban on Philippine Offshore Gaming Operators (POGOs) might benefit Genting Malaysia in several ways:
1) More Visitors: With fewer online gaming options, people might visit physical casinos more.., including Genting Malaysia's facilities.
2) Market Shift: Players from POGOs might switch to Genting Malaysia, boosting its revenue.
3) Competition: Genting Malaysia needs to stay competitive to attract new customers from the POGO market.
In summary, the POGO ban could increase Genting Malaysia's visitor numbers and revenue, but they need to stay competitive to attract new customers from the POGO market.. and watch for regulatory changes.
"Philippine president orders shutdown of Chinese-run online gambling outfits employing thousands" ============================= Good decision by Pinoy government. The Chinese boast about being business savvy but introspection into their businesses reveal highly toxic themed which manipulates human desire, addiction and greed.
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Phillip Capital Research maintained its “buy” call on GenM, with an unchanged target price of RM3.45. “GenM remains our sector top pick, given the superior 6.8% dividend yield. We continue to advocate investors to accumulate on share price weakness, as GenM trades at an undemanding 6.6 times estimated 2025 enterprise value-to-Ebitda,” it explained.
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6c +9c = 15c div per year , if share price 2.70 ROI =5.5% per year, better than BANK fd la .... hopeless for share price , only expecting good div from genting m
hopefully can declare more than usual 6sen dividend end of month while waiting for price to rise. Hopefully doesn't give 6 sen dividend, price drop 30 sen.
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DickyMe
14,892 posts
Posted by DickyMe > 2024-07-22 12:09 | Report Abuse
Whales bought 2.64
Whales now selling 2.56
-8 sen is profit?
Whales identified as Moby Dick?