Posted by mesoan > 2 months ago | Report Abuse

none of the property is located in selangor, go see google map. everything in pahang

Posted by Income > 2 months ago | Report Abuse

Pahang is currently led by a Barisan Nasional-Pakatan Harapan unity government. It was formed after no coalition had the majority needed to form the state government following the outcome of the last general election (GE15) in November 2022.
BN secured 17 seats and PH won eight seats, while Perikatan Nasional also won 17 seats.
Andansura stressed that PAS intends to remove all actions that are detrimental to society and that it would be handled according to the law.
PN just need 8 more seat s in GE16．Very serious threat poses by PN pas.

Posted by Income > 2 months ago | Report Abuse

Pas, please don't kill Genting good which lays the golden eggs. My Rm trap here. Haizz

Posted by Income > 2 months ago | Report Abuse

Long time auntie anduncle trap ped here kah? Everyday pas nothing to do, just bombing Gen m.

Posted by Income > 2 months ago | Report Abuse

In GE16, PN pas will surely conquer more states. Because Green wave is very strong.

Posted by mesoan > 2 months ago | Report Abuse

but Pas need to wait till 2028 for next election to control Pahang?
why worry now?

Posted by LilasIkuta > 2 months ago | Report Abuse

lol...
genm is paying millions of tax everyyear to goverment, do u think they will shut down genm?

Posted by Income > 2 months ago | Report Abuse

Why worry now? Bcos Genting needs a few years to move out of Pahang. If not relocate early, no more business. Share prices drop to under Rm1.00. I think Genm needs to prepare for Pas threat… like what pas did in Kedah….

Posted by LilasIkuta > 2 months ago | Report Abuse

Because Green wave is very strong. << How STrong ?

Posted by boonwei98 > 2 months ago | Report Abuse

@Lilaslkuta...today is the ex date so yes...its after deduction of dividend.

Posted by Income > 2 months ago | Report Abuse

U shall see how strong green wave are at GE15。

Posted by Income > 2 months ago | Report Abuse

Posted by LilasIkuta > Sep 17, 2024 10:40 AM | Report Abuse

lol...
genm is paying millions of tax everyyear to goverment, do u think they will shut down genm?

？

Like in Kelante, Green wave doesn't care about economy or collecting tax
It cares about votes from its supporters to retain pwr。Religion is more important than economy in kelante，

Posted by chokra > 2 months ago | Report Abuse

In my opinion, if laymen like us make sweeping unreliable statements, it is just empty talk out of frustrations. But if a incumbent state assemblyman makes a political statement, it can have consequences. Sometimes positive and sometimes negative. If he is making statements for business people with vested interests then that is market manipulation. Genting Malaysia and its shareholders should consider to take a class action against this irresponsible Pas Assemblyman if the shares of Genting Malaysia plunge because of this threat by the Pas Assemblyman. What he said can cause turbulence in the share price. This can be considered as sabotage or economic mischief.

Posted by Donator > 2 months ago | Report Abuse

Dont worry about PAS, if money enuf, PAS will "halalize" casino

Posted by RonnyWu > 2 months ago | Report Abuse

PAS will give pass to casino business for sure when they run out of money 😁

Posted by hng33 > 2 months ago | Report Abuse

Very wrong timely issue debt worth USD 535m + USD 100m, at more expensive interest cost 7.25%, day before Fed rate cut 0.5%

Posted by taurus67 > 2 months ago | Report Abuse

Will the price go down to RM2?

Posted by TomYam > 2 months ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/09/17/fbm-klci-gamuda-set-to-join-as-genting-malaysia-faces-possible-exit

Posted by AdCool > 2 months ago | Report Abuse

Come Oct/Nov/Dec, it would up back to 2.80 as usual. It's just a cycle for GenM for the past few years. Up at end of the year to Feb and then down back to Nov for the boss to play long and short.

Posted by pangolin > 2 months ago | Report Abuse

adcool , let hope ur statement will come true coming oct - dec , 2.80 is kind enough to leave genting malaysia

Posted by pangolin > 2 months ago | Report Abuse

hot money in malaysia soon after us feb cut 50 basis points interest

Posted by ImCK > 2 months ago | Report Abuse

people do casino genting do casino why gross profit only 26.2%
compare to
sands gross profit 40% above
wynn gross profit 67.3%
mgm gross profit 40.5%
Caesars gross profit 50%

Posted by Income > 2 months ago | Report Abuse

ImCK
people do casino genting do casino why gross profit only 26.2%
compare to
sands gross profit 40% above
wynn gross profit 67.3%
mgm gross profit 40.5%
Caesars gross profit 50%
20/09/2024 10:00 PM

？

Can anyone ask this in the AGM?
The skeletons dugged out by ImCK

Posted by marshallT > 2 months ago |

Post removed.Why?

Posted by ImCK > 2 months ago | Report Abuse

should ask management in AGM impossible different from peer so much . They didnt do cost control well ?

Posted by Income > 2 months ago | Report Abuse

Management happy hour when controlling cost?

Posted by RonnyWu > 2 months ago | Report Abuse

Fitch Ratings has affirmed Genting Malaysia’s ‘Long-Term Issuer Default Rating (IDR)’ as ‘BBB/Stable’ while Genting New York was rated RWN due to uncertainties regarding its New York casino licence bid.

Fitch also maintained GENM's Standalone Credit Profile (SCP) at 'bbb-.'

“GENM's IDR is equalised with that of its stronger parent, Genting Berhad (GENT, BBB/Stable), which owns 49% of the company,” based on Fitch's assessment of Genting Berhad's high incentives to support GENM.

Key rating drives for GENM’s ratings included Malaysia’s robust performance, which made up 60% of GENM’s revenue. Revenue rose by 14% year-on-year in H1 2024 as domestic traffic rebounds and there is an increase in international tourists as regional travel continues to recover.

It was also expected for GENM's EBITDA net leverage to drop to around 3.0x by 2026, from about 4.0x in 2023 on higher EBITDA growth.

“We expect GENM's financial structure to improve from our previous forecast of below 4.0x net leverage by 2025,” stated Fitch.

Genting New York (GENNY) however was rated RWN because the evaluation also included the risk that it may not win the bidding process for a full-scale casino licence in New York.

While the bet, if successful, would “boost GENM's geographic diversification and potentially lower the tax on GENNY's gross gaming revenue from around 65%,” there wouldn’t be any impact on GENM's SCP or IDR, or on GENT.”

In its financial review in August, Genting Malaysia saw Q2 revenue rise to RM2.67bn ($0.62bn), while its H1 revenue was RM5.43bn.

Posted by Donator > 2 months ago | Report Abuse

Malaysia government tax Genting casino a lot, profit margin sure lower compare to other country casino

Posted by Reggie > 2 months ago | Report Abuse

DAP LIM Guang Eng is the one who proposed tax increased for local casino. C

Posted by ImCK > 2 months ago | Report Abuse

gross profit margin is before tax , interest , operating expenses

Posted by ImCK > 2 months ago | Report Abuse

before diector salary too

Posted by Income > 2 months ago | Report Abuse

ImCK
people do casino genting do casino why gross profit only 26.2%
compare to
sands gross profit 40% above
wynn gross profit 67.3%
mgm gross profit 40.5%
Caesars gross profit 50%
20/09/2024 10:00 PM

？


ImCK，
U making all under ＆aunties losing sleep。Don't be like that。 Bury this info under your pillow lah ImCK。

Posted by RonnyWu > 2 months ago | Report Abuse

Support Genting and avoid the state becomes Taliban-like
https://www.malaymail.com/news/malaysia/2024/09/25/gerakan-chief-raises-concerns-over-pas-genting-highlands-casino-remarks-party-reassures-no-taliban-state/151595

Posted by Income > 2 months ago | Report Abuse

https://youtube.com/shorts/LAHU8fQPYXA?si=PPn0g-R_DopGsI0O

Posted by pangolin > 2 months ago | Report Abuse

seat tight and waiting for my hard earn 6c div bah .....

Posted by jjohnchew > 2 months ago |

Post removed.Why?

Posted by jjohnchew > 2 months ago |

Post removed.Why?

Posted by nisah395 > 2 months ago | Report Abuse

Today moving up a bit.

Posted by Shines > 2 months ago | Report Abuse

Any hidden agenda? Maybe better qr results leaked. Haha

Posted by BenjaminSS14 > 2 months ago | Report Abuse

Wow..is this a bull sign...

Posted by Donator > 2 months ago | Report Abuse

after get dividend buy 2 lot more

Posted by RonnyWu > 2 months ago | Report Abuse

Genm will move up next Monday 😁

Posted by Donator > 1 month ago | Report Abuse

OK, get dividend dy, buy 2 more lot👍

Posted by TomYam > 1 month ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/taresearch/2024-10-07-story-h470944281-Weekly_Strategy_External_Uncertainties_Could_Sustain_Downside_Pressure

Posted by Income > 1 month ago | Report Abuse

Genm boleh

Posted by Donator > 1 month ago | Report Abuse

just scare government come out any idea to con Genting money, other than that, nothing to worry

Posted by NatsukoMishima > 1 month ago | Report Abuse

Get dividen lost capital value trap ! Budget 2025 hike sin tax , genting brothers kicking out from KLCI index = below rm 2 is not a joke !

Posted by Amazonboy > 1 month ago | Report Abuse

Bought @2.41...sold @ 2.43....there is no value trap...cheers enjoying my genm divvy...Lol

Posted by pangolin > 1 month ago | Report Abuse

RM2 dream come true after officially kick out from klse index , from 3 to 2 , unforeseen genting future

Posted by Jonathan Keung > 1 month ago | Report Abuse

Budget always aim at tobacco and gaming. More selling presume if more levy added on in Budget 25