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i see cheng, im looking at the 5 years financial summary report, do you have any idea why is the revenue in 2023 is similar to 2019, but their pbt is so much difference. 2019(rm1489m) 2023(rm674.2m)
There are a few elements that have changed while revenue and ebitda have fully recovered to pre-pandemic, Charlie. Depreciation and amortisation, higher investment in Empire, and higher finance costs. Another variable which can be headwind / tailwind is the currency. It was headwind in Q1'24 and will be a tailwind in Q2 and Q3/Q4 assuming at least 2 rate cuts in the US this year.
short term players afraid of presidential election . no wrong , is it still worth keeping the dollar in the long run for investors , we Asia welcome you .
Not sure about presidential election, Nick. I think the rate cut impact will be greater than the election outcome over the longer period. Not seeing much volatility from S&P500 yet which can be a good indicator for incumbent party :)
USD weakening is unavoidable; just a matter of time. (1) Rate cut (2) Bitcoin's rally and acceptance in international payments (3) BRICS de-dollarization
keep calm as its still 12 to 18 months away from RWNYC full casino license bid results; well unless bill S9673 which has been approved by the senate is on the way to Governor Hochul to be signed into law which will shorten the timeline. Manage your own positions well until then.
RWNYC, Hudson Valley and Catskills off to a good start for fy2024/2025 ; which is a Q2'24 for GenM and better than Q1'24 based on the report from ny gaming commission. USDMYR is slightly more than 2% down from the peak in Feb for Q2.
the excitement will come when the bidding for RWNYC starts / progress of the miami land sales; 12 to 18 months time frame. Enjoy all the diverse comments until then as its a public forum after all.
285M is too high for Q2, andy :) USDMYR rate is favorable for Q2 and looking really good for Q3. The favorable forex rate should be sufficient to offset the unknown impact for the 2 gaming facilities under renovations.
Estimate should be around 150-200M. Roughly +70m Forex gains for Q2. If Ringgit continue to strengthen, next quarter forex gain itself should be above 200M. But, the market still don't buy it may be it just paper gain like when we see the 1st quarter forex loss we said it just paper loss.
Q3'24 forex trend is looking really good and slightly more than 3% lower compared to the peak in Q4'23 and Q1'24. A favorable forex trend; edging closer to interest rate cut by US Fed. A question of how soon and how much the rate cut is; favorable tailwinds of lower financing :)
yes it is, alphard. q2 results (full quarter impact of 2 gaming facitilies under renovation) and confirmation of US Fed rate cut will set the stage for GenM's second half of 2024 trends :) A 700M ebitda performance is good enough to send it north bound :)
the question of how many cuts pretty much depends on how the job market looks like. just that election is also around the corner and the topic of inflation is being used as propaganda agenda :)
I presumed 480k is the total cost for the positions you are holding at 3.03 for the last 4 years, 散户的机会. You may be seeing paper loss of 43 cents as of the closing price today but lets not forget you have collected a total of 53.5 cents worth of dividend over the 4 years :) Basically, you are in net positive positions if you will.
Cheng, sorry to update U that I calculate wrong the foreign gain typo 1 zero, the forex gain for this quarter around 7-8mil ya..next quarter only can see huge forex gain.
Buy at the right time. Otherwise put money into bank earn interest even higher than putting money here. Remember time is cost and cost is time. Good luck
genm always been a heated debate ... it's a really emotional journey for genm shareholders, or we can say if you survived genm , u can go further with other stocks ~
well said, tim and nick; except the changing girlfriend part :) Perhaps a better statement would be - you should exit the position if the reasons that led you to investing in it are no longer there. Or follow your own exit plans if you are trading. It can be challenging to just hold on and do nothing about it until you achieve your investment goals for the particular position. Just need to be mindful with volatility in prices and public comments as it can easily influence your decisions :) After all, its our own hard earned money that we are investing / trading.