Balian de Ibelin

GenT is a sell.

6 hours ago

Balian de Ibelin

Abandon ship. 🤣

6 hours ago

AngTayKor

Hungkan liow RWLV doing very badly Q3 EBITA dropped by 51% compared to Q2. KNN really a big drag.

6 hours ago

Balian de Ibelin

GenT
Sell on rumours and buy on news.
=> so relieved not entire company burned up. Stock opens limit up tomorrow. 🤣 and or 4.90

GenM
Buy on rumours and sell on news.
It's so much money?
Why is it not more?
Why use 350 million cash on financial assets?
Tomorrow open at 1.80 🤣

6 hours ago

Balian de Ibelin

LV total write off lah
ER total write off lah
Taurx total write off lah.

In the end back to the past only GenM remain koong Kang lorry loads of cash out every QR
Kunta Kinte.

6 hours ago

ImCK

The RM (258.0) million loss under "Others" in the financial report represents a miscellaneous expense category, which is often influenced by non-operational or non-recurring items. weird what kind thing

6 hours ago

Balian de Ibelin

Of course.
258 million loss? ... others?
That's the personal loan taken by MC now burned and write off.

Or is it Japanese Clown? 🤣

6 hours ago

Balian de Ibelin

A donation to US Bossku?

6 hours ago

KooSan

Pursuant to the complaint dated 15 August 2024 filed by the Nevada Gaming Control Board (“NGCB”) before the Nevada Gaming Commission for disciplinary action against RWLVLLC together with RWLVLLC’s direct and indirect holding companies, namely RWLV Holdings, LLC, Genting Assets, Inc, Suasana Duta Sdn Bhd, Peak Avenue Limited and the Company (collectively, the “Respondents”), NGCB has extended the due date for Respondents to reply to the Complaint to 9 December 2024.

6 hours ago

KooSan

KNN...Never keep shareholder update on developments

6 hours ago

ImCK

Return of investment bad depreciate of item is half of profit
lol means their new project earning return is low than Depreciation and amortisation in account standard

6 hours ago

Balian de Ibelin

Of course LV to be sold to Trump.

GenT pays Trump USD 5 Billion and Trump very reluctantly agrees to take ownership of LV at great pain and trouble.

6 hours ago

ImCK

for this kind high asset growth company we use ebidta or EBDA will more accurate

6 hours ago

ImCK

only can said that management is not enough efficiency dont have KPI
so many good card in hand they re not aggressive to do business

6 hours ago

Balian de Ibelin

Very risky investments when payback is more than 25 years.

Long term investments are all risky.

Mr Market had interpreted the huge risk correctly by punishing GenT share price.

Will more punishment be coming? 🤔

6 hours ago

KooSan

EPS - 57%..
KNN LKT....Day day curse him

6 hours ago

ImCK

For the nine months ending September 30, 2024:

Depreciation and Amortization = RM 2,971.4 million
Sales Revenue = RM 20,835.7 million
Depreciation-to-Sales Ratio

This means that 14.3% of Genting's sales revenue is consumed by depreciation and amortization expenses.

A high ratio is common in asset-heavy industries such as hospitality, energy, and manufacturing, where significant investments in fixed assets (e.g., buildings, machinery) lead to higher depreciation.

Asset Utilization: The ratio indicates how effectively the company is generating sales from its capital investments. A rising ratio over time might signal underutilization or excessive asset investment.

6 hours ago

Balian de Ibelin

This QR shows Mr Market is correct.

Efficient Markets Hypothesis applies to GenT 🤣
GenT is fairly valued
or
even overvalued with lots of headroom to drop further.

5 hours ago

Balian de Ibelin

Well what a relief!!!!
QR shows GenT about to go bankrupt but not just yet.

That's a huge relief.

So sell on rumours of bankruptcy and
buy on news of no bankruptcy

Tomorrow GenT opens limit up.

5 hours ago

ImCK

The depreciation to gross profit ratio is approximately 47.89%.

5 hours ago

ImCK

This the problem net interest expenses to gross profit only 14% haiz management really no KPI

5 hours ago

MoneyMakers

GB 680Mil GenM 550Mil strong profit

Gdluck lo shorts tomorrow kikiki

5 hours ago

mushimushi

No chance to buy low tomorrow. Opening at least RM 4 tomorrow.

5 hours ago

mushimushi

Next, Taurx announcement woohoo. To the moon!!!!

5 hours ago

Balian de Ibelin

Oops !!
I made a Theological mistake.

If Japanese Clown says buy then it's a sell.

3.00 Mari........

5 hours ago

mushimushi

AngayKlown and Balian the scammer panicking, you can tell by their comments giving ridiculous price targets. Asked you to press down to 3.60, so that I can cut loss but you kecut telur, now claim you can press down to RM 3. I pray very hard that you will be able to that, cause I will sell my house, my wife, my car and underwear to all in at RM 3.

Frankly, I think CNY 2025, we might see RM 5.50. if Taurx approved RM 8 easy.

4 hours ago

mushimushi

AngayKlown and Balian,

It is ok to go bankrupt, but please don't lose your mind.

4 hours ago

MoneyMakers

Balian panic bcoz alrdy sell GenM for small stout kikiki

4 hours ago

MoneyMakers

Sapsapsui 3.88 tomorrow kikiki

4 hours ago

Balian de Ibelin

That's the difference.

I will never sell my house, my car, my wife and my underwear for anything in this world and the next.

Some of us here have principles. 😁

4 hours ago

mushimushi

You can't sell them when you already bankrupt. Maybe you can sell your mouth and budhole after this for RM 5 per shot. AngayKlown was giving free service before, now he may need to raise the price by RM 5.

4 hours ago

Balian de Ibelin

When you bought Genting at 11+ you lost your money, your morals, your ethics and your mind.

4 hours ago

mushimushi

I bought a lot at 3.75-3.8 while you tried to trick others to sell in the past few days.

As of today, my current AVG price is at 4.05. so thank you for that. If you can continue to sell down to 3.60, I will cut loss and go away.

3 hours ago

Balian de Ibelin

Continously averaging down on share prices is a sign of dementia from Alzheimer’s Disease.

Dun take HMTM though, it does not work.

3 hours ago

AngTayKor

Posted by AngTayKor > 2024-08-29 23:31 | Report Abuse

Posted by Save > | Report Abuse
Aiyo 239.7M
------------
Posted by Michaelchan2024 > | Report Abuse
It’s always refreshing to see Pinky's positivity!! RM496 million net profit in 2Q24 looks solid.
-------------
Posted by Michaelchan2024 > | Report Abuse
Whether it's referred to as profit attributable to the group level or equity holders of the company doesn't matter to long term investors.
------------
Posted by KooSan > | Report Abuse
@Havefun
I think is 23xm not 495m
A lot of people do not know how to read consolidated accounts
*************


@Save and @KooSan are both correct. GenB's Q2 profit is rm239.7m. We cannot include our subsidiaries' full 100% profit as own own profit. GenB only owns 55% of GenP, 49% of GenM, 53% of GenS, etc. That classification "Non-controlling interests" amounting to rm256m does not belong to GenB, they belong to the other minority shareholders of GenB's subsidiaries. Hence GenB shareholders are not entitled to this rm256m. For calculation of GenB's earnings and also P.E, we use rm239.7m as the figure and definitely not rm495m.

You business partner's share of their profit is NOT your share of profit. Scary to do business / become partners with such people who think this way isn't it? Sooner or later going to makan up partner's share of profit. 🤣🤣🤣

These are the real facts. Dont be scammed. Dont be cheated

3 hours ago

AngTayKor

Posted by MoneyMakers > 1 hour ago | Report Abuse
GB 680Mil
-------

MM ah, your accounting fail? You business partner's share of their profit is NOT your share of profit. Scary to do business / become partners with such people who think this way isn't it? Sooner or later going to makan up partner's share of profit. 🤣🤣🤣

https://theedgemalaysia.com/node/735900

<Net profit for the three months ended Sept 30, 2024 (3QFY2024) was RM223.8 million, compared with RM520.52 million for the same period a year earlier. Revenue fell 11.2% year-on-year to RM6.54 billion from RM7.37 billion due to declining contributions from its leisure and hospitality division.>

3 hours ago

AngTayKor

KUALA LUMPUR (Nov 28): Genting Malaysia Bhd's (KL:GENM) third-quarter net profit jumped over threefold from the previous year, as it recognised net unrealised foreign exchange (forex) translation gains totalling RM601.8 million on its US-dollar denominated borrowings, as opposed to a forex loss of RM1.7 million previously.

It made a net profit of RM569.16 million for the third quarter ended Sept 30, 2024 (3QFY2024) — its highest quarterly net profit in nearly six years since 4QFY2018's RM720.14 million — versus RM177.41 million in 3QFY2023, a bourse filing showed on Thursday.

Excluding the impact of the forex gains, the group’s adjusted Ebitda was down 6%.


https://theedgemalaysia.com/node/735867



*** Remove the rm601m of phony unrealised forex gains, GenM runni9ng at a net loss lo. BTW MYR VS USD depreciated by over 8% since start of Q4. Massive forex losses coming for Q4


.

3 hours ago

AngTayKor

Posted by mushimushi > 2024-08-14 18:41 | Report Abuse
Tomorrow confirm gap up!!
Tomorrow 4.8
-----------------------
COLLAPSED TO 3.72
=============



Posted by mushimushi > 1 hour ago | Report Abuse
No chance to buy low tomorrow. Opening at least RM 4 tomorrow.
Frankly, I think CNY 2025, we might see RM 5.50. if Taurx approved RM 8 easy.
**************

We heard such delusions from you 3 months ago. It obviously didnt turn out well

.

3 hours ago

AngTayKor

Posted by mushimushi > 1 week ago | Report Abuse
I will sell all if it drops to 3.60, I cannot handle the pain anymore. I hope someone will help end my suffering the soonest possible.
---------
Posted by mushimushi > 1 week ago | Report Abuse
@Peaches L, you are wrong. I wanted to cut loss actually. I already all in long ago. My average price around 5.80. I didn't cut loss when the price hit it's high at 5.30 during pandemic recovery. I already stucked holding Genting more than 6-7 years, I lost count already.
--------
Posted by mushimushi > 33 minutes ago | Report Abuse
I bought a lot at 3.75-3.8 while you tried to trick others to sell in the past few days.
As of today, my current AVG price is at 4.05. so thank you for that. If you can continue to sell down to 3.60, I will cut loss and go away.
*********************


Aiya nobody believe or care abt your stock positions la. Your own money you decide lo... win or lose your problem.

3 hours ago

choysun

Ini kali lah? :p

3 hours ago

Balian de Ibelin

Ini kali PN17 delisted.......Japanese Clown wish comes true 👍

3 hours ago

AngTayKor

After adding rm601m of LKT's phony creative accounting unrealised forex gains, GenM reported rm569m profit. Hence GenM making a net loss if we strip away that one-off creative accounting unrealised forex gains.

GenB owns 44% of GenM. Attributable profit from GenM to parent GenB = RM569m x 44%= RM250m
Now GenB reported rm223m of net profit. Strip away those phony RM250m of net profit contribution from GenM. GenB is also making a net loss.

RWLV doing very badly Q3 EBITA dropped by 51% compared to Q2. Its bleeding very badly.

2 hours ago

ImCK

actually cant said net loss should be performance not hit KPI
because thier Depreciation-to-Gross Profit Ratio nearly 50%

2 hours ago

ImCK

while net interest margin to gross profit only 17%
cashflow still strong

2 hours ago

alextan5680

KUALA LUMPUR (Nov 28): Gaming-to-plantation conglomerate Genting Bhd (KL:GENTING) reported a 57% drop in its third-quarter net profit, as it was hit by higher property, plant and equipment (PPE) write-off totalling RM207.3 million, as opposed to RM1.3 million previously.

Net profit for the three months ended Sept 30, 2024 (3QFY2024) was RM223.8 million, compared with RM520.52 million for the same period a year earlier. Revenue fell 11.2% year-on-year to RM6.54 billion from RM7.37 billion due to declining contributions from its leisure and hospitality division.

The latest quarterly revenue was the lowest since 1QFY2023, when it logged revenue of RM5.82 billion.

Besides registering higher PPE write-off during the quarter under review, Genting’s earnings before interest, taxation, depreciation and amortisation (Ebitda) also came in lower at RM2.32 billion, compared with RM2.73 billion in the corresponding quarter last year.

The lower Ebitda was mainly dragged by its leisure and hospitality and power segments, according to Genting. The leisure and hospitality segment saw its profit before tax (PBT) fall 37% to RM1.5 billion during the quarter, while the power segment’s PBT declined 24% to RM100.6 million.

No dividend was declared for the latest quarter.

For the nine months of FY2024, the group’s net profit rose 35.1% year-on-year to RM1.05 billion from RM779.1 million, as revenue grew 5% to RM20.84 billion from RM19.85 billion.

Lower Ebitda across leisure and hospitality segment, except for the UK and Egypt
Under its leisure and hospitality segment, Resorts World Sentosa (RWS) in Singapore recorded lower revenue and Ebitda during the quarter, mainly driven by lower VIP rolling volume and win rate.

Meanwhile, its sister resort, Resorts World Genting (RWG), notched lower Ebitda primarily due to higher operating expenses.

Its UK and Egypt businesses saw higher revenue and Ebitda during the quarter due to higher volume of business. However, lower Ebitda was recorded in Resorts World New York City and Resorts World Bimini, mainly due to lower revenue and higher operating and payroll-related expenses.

“RWLV [Resorts World Las Vegas] remains focused on operations and profitability in 3Q24. Hotel occupancy and Average Daily Rate (“ADR”) in 3Q24 were 85.1% and USD244 respectively compared with 91.1% and USD246 in 3Q23,” said Genting in the results announcement.

An abnormally hot summer in Las Vegas and economic uncertainty in an election year impacted results in 3QFY2024.

Power, plantation disappoint, but investments and others rises to the occasion
Genting’s power division saw its PBT decline to RM100.6 million from RM132.9 million last year, affected by lower generation from the Banten plant in Indonesia following a longer outage period of 53 days for its first major scheduled maintenance, which took place between Dec 2023 and Feb 2024, and annual maintenance, which took place in July 2024.

Its plantation division’s PBT slipped 1% year-on-year to RM199.7 million in 3QFY2024 from RM202.3 million last year on lower sales volume of palm products, leading to higher inventory levels.

Meanwhile, its investments and others segment recorded PBT of RM418.9 million, compared with a pre-tax loss of RM85.6 million in the corresponding quarter last year, mainly attributable to recognition of net unrealised foreign exchange translation gains recorded by Genting Malaysia Bhd (KL:GENM) on its US dollar-denominated borrowings in 3QFY2024, compared with net unrealised foreign exchange loss last year.

Genting said the outlook for international tourism is expected to remain broadly positive, driven by strengthening global demand, improved air connectivity and ongoing recovery in key markets.

This positive momentum is expected to support the continued recovery of the regional gaming market, it said.

For Malaysia, Genting said it will continue to invest in innovative products and experiences, including new ecotourism attractions, which are expected to be rolled out in 2025.

In the United Kingdom, Genting said it will continue to focus on improving operational efficiency and productivity, whilst actively exploring opportunities to grow its market share.

In the US, the group will focus on reinforcing its market position by enhancing marketing efforts to drive visitation and expand its customer base.

Additionally, the group will continue to closely monitor developments surrounding the New York Gaming Facility Board’s Request for applications, which could lead to the introduction of up to three new commercial casinos in New York.

For Singapore, the group continued to accelerate its transformation to enhance its destination appeal and visitor experiences amidst a slower recovery of international visitor arrivals to the city-state.

As developments progress at Resorts World Sentosa 2.0 (RWS 2.0), Genting will be unveiling new and elevated visitor experiences progressively in phases, it said.

Shares of Genting fell one sen

2 hours ago

ImCK

Mainly is due to
Depreciation to Operating Profit (71.9%):

This higher ratio shows that depreciation has a larger impact when administrative and other operational costs are included. It’s ideal for assessing overall operational efficiency.

1 hour ago

ImCK

EBITDA/EBIT ratio of 1.72 means that Genting's earnings before interest, taxes, depreciation, and amortization (EBITDA) is significantly higher than its operating profit (EBIT). This implies that a large portion of Genting’s operating profit is eaten up by depreciation and amortization.
Depreciation and amortization typically reflect the costs associated with capital-intensive investments (such as hotels, resorts, and entertainment facilities).
A high depreciation expense can indicate high levels of capital expenditure (CapEx) on physical assets, but if the return on those assets isn't as high as expected, it could suggest low returns relative to the capital spent.

1 hour ago

ImCK

conclusion is management KPI is suck non efficiency
low returns relative to the capital spent

1 hour ago

AngTayKor

In summary, I think the results are being artificially propped up by creative accounting forex gains of RM601m by GenM, thereby filtering RM419m of "Other Gains" profit to be recorded in GenB. Strip away these phony forex gains from USA debts, GenM and GenB shd be reporting Q3 net losses for both companies. USD has appreciated over 8% since the start of Q4, I expect to see massive forex losses in the next QR.



https://theedgemalaysia.com/node/735900

<Meanwhile, its investments and others segment recorded PBT of RM418.9 million, compared with a pre-tax loss of RM85.6 million in the corresponding quarter last year, mainly attributable to recognition of net unrealised foreign exchange translation gains recorded by Genting Malaysia Bhd (KL:GENM) on its US dollar-denominated borrowings in 3QFY2024, compared with net unrealised foreign exchange loss last year.>

23 minutes ago

mushimushi

All the past quarters hundreds of millions of Forex loss = actual losses. But Forex gains in the current quarter = creative accounting. This is pure gay clowns logic.

4 minutes ago