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Hehe.. Hope everything go well!
Atleast they're processing and need some of information...
Btw happy new year to u cheng!
Thx for giving us alot great info from genting... And We really learn alot from you too! Cheers!
GenS Q4 results will be flattish still against Q2'24 when the hard rock hotel capacity were taken down for renovation. GenM will again cover for GenS until Q2'25 where the numbers from GenS will show recovery by then.
Seems like the luxury all-suite hotel will be available in the first quarter of 2025; Q2FY25 numbers should be reflected accordingly. In November, Genting Singapore held a groundbreaking ceremony for its up-and-coming waterfront development at RWS, slated for completion by 2030. The $6.8 billion project adds more than 164,000 sqm to RWS, including plans to build a Super Nintendo World in Universal Studios Singapore (USS). An 88m-high experiential “mountain trail” and two more hotels with 700 rooms are part of the development.
But visitors won’t have to wait until then to visit a refreshed RWS – the first quarter of 2025 sees the soft launches of Minion Land in USS, and a luxury all-suite hotel replacing Hard Rock Hotel Singapore. A rebranded and expanded SEA Aquarium, which will be known as Singapore Oceanarium, will also open in the first half of 2025.
near term - RWLVS AML complaints disposition plan. Response from RWLVS submitted back in Dec'24, BODs formed which provides oversight/supervision based on the background of the team, Sibella's disposition plan completed and lets not forget that RWLVS contributed a lot from taxes and employment to the Nevada state. I am in the opinion that it will be monetary fines and the revamp of AML policies; unlikely revoking license due to RWLVS contribution to the state.
Yes, and Genting is a good place for funds from tech stocks :) trade wars, minimum wage salary starting in Feb, over valuation of tech, correction in the making in US led by AI stocks.
I looked at remuneration report for FY23 which is showing LKT receiving ~48M at company level which is part of ~114M at the group level, Andy. 114M is approx USD25M for a global integrated resorts company. Robert Goldstein from LVS is receiving ~USD40M. LVS is also a global company. I have no concern with LKT's remuneration looking at Genting's financial performance, dividend payout and capex projects that it is undertaking now :)
According to Yin, renovations on those floors are underway while Genting Malaysia management had confirmed that they will reopen “eventually”, albeit without a firm date set at this stage.
That should be a decent support area, Vin. I have just added 2nd batch at 3.62 recently. Will not be adding until after Q4'24 results unless price retrace back to 3.62/lower which is unlikely given festive seasons in Q1'25 driving higher footfalls, opening of Minion land in Feb'25 and new gaming floor for GenM while renovations on-going at the Circus/Hollywood.
I invested genting almost 9 years...
The price u bought at 3.62 really a big jackpot! Congrats!
Base on the market cap... Genting seem like will overtake Sime anytime soon. . And may reenter the fbmklci component again :-)
Thanks, Vin. 2nd half of the year will be intense - RWS new attractions and hotel capacity recovery, RWNYC full casino license bidding results by Dec'25 assuming no delay, first drop of LNG in 2026.
I got buy sell genting during this 9 years... Got some luck as well.. Sold before LGE announce gaming tax hike... Hehe.. Just recently last year bought genting hold until now...
Gens price look quite attractive.. Since the hotel n new minion theme opening soon
can be many reasons, Vin. internal and external headwinds. My personal opinions as such: Externally - tariffs, overvaluation of techs, Trump's administration onboarding means new policies will be in placed, inflations and all these means sentiments will be weak. Value and dividend stocks will be in favored during such uncertainties/period. Internally, minimum wage salaries starting in Feb will hit manufacturing sectors given the recent demand and impact of tariffs, and higher civil servants salaries.
you are welcome, Vin. I do not think there will be much impact for Genting after being sold down in Aug-Dec'24 due to RWLVS complaints, repricing for short term earnings disruption from GenS and index funds rebalancing. These factors have been priced in / done deal. We will start to see GenS recovery with opening of its attractions starting next month, index funds fully exited, and hopefully to see the disposition plan for RWLVS complaints soon based on 9th December response date. At present price of 3.70, its offering yield of 4.05% which is higher than current FD rate :) Can sleep well as long as there is no risk to its ability to continue generate the cash that we are seeing from its operating activities :)
Morning cheng..
This year end only will know the ny full casino result? So far two court case haven't settle yet... Bahamas and rwlv..
Share price hard to move up
there are two things from values for shareholders perspective, Vin. (1) dividend (2) share buybacks. In the case of Genting, its only dividend for now. If and when share buybacks is executed, that will be a good sign :)
tested your patience to the max, Vin :) I just started buying Genting last year after Q2'24 results is out. Still a newbie. Started buying GenM towards end of 2023; first batch at 2.45 and currently avg at 2.24. Both are providing good yield at the moment and there is no risk to the dividend payout based on the numbers from the report thus far. Will consider to add after each quarter report is released so long the fundamentals / variables used remain intact. Will sell GenM if RWNYC fails to secure the full casino license and hold on to Gent only :)
Klci market not beauty... Loser alwyss beat winner... If one company really steady bomb bibi... No need worry short term pain... Look for the future...
Hi. Cheng... DJ plunge almost 700 point... Rate cut maybe slower...
Hope genting can maintain above RM3. 60 by next week..
And thx for the links too..
Hope taurx really can approve.. last hope for genting..
Expected and it should go down more particularly tech stocks - AI and semiconductors, Vin. Not a surprise due to overvaluations. Value and dividend stocks will be preferred. As for HMTM from TauRx, there are no adverse events reported from the clinical trials which is a big plus point. 2nd plus point is its oral meds in pill forms compared to the other two approved by UK MHRA which is IV meds and with known adverse event such as ARIA.
Strong safety profile + oral meds + no adverse events comparing to the two approved drugs - need a strong justification to reject it :) there's a strong demand for the drugs in UK and the link above is not the only channel reporting it in UK. It's understandable as the previous two approved drugs is not available for NHS :)
Ok thanks alot cheng ... Then we let's wait for it... Hope can settle the Bahamas and rwlv case ASAP...
Genting market cap almost surpass SIME... Wish that genting will reenter klci component again in this June..
You are welcome, Vin. Probably not a good idea to reenter into KLCI constituents yet in June. The market makers for large cap stock are the funds/insti and not retail. While financial performance will improve over time, the sustainability piece is something that the BODs need to work on to entice the funds/insti. Index funds exited and other funds bought back in late Nov/early Dec.
Understand :-)
Let's wait for tmr again..
DJ plunge almost 700 point...hope klci maintain above 1600...
Gens doesn't look good as well...
0.75...but seem like opportunities to buy now
It's an overdue corrections for US techs :) not even near to where it should be yet. As for Genting, it should be in accumulation mode given the Apr timeframe for HMTM. If it is approved, it will be a double theme second half of 2025 - GenS earnings recovery + monetization of TauRx stakes.