Author Topic: GENTING  (Read 8096 times)

Offline ahbah

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Re: GENTING
« Reply #50 on: March 09, 2017, 10:30:17 AM »
KUALA LUMPUR: Affin Hwang Capital Research continues to maintain its bullish outlook on Tenaga (TNB) with a Buy call with an unchanged target price of RM16.50.

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Re: GENTING
« Reply #51 on: March 10, 2017, 05:36:28 PM »



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Genting seen gaining as Malaysia benefits from China's South Korea travel ban
By Sulhi Azman / theedgemarkets.com   | March 10, 2017 : 4:15 PM MYT   
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KUALA LUMPUR (March 10): Genting Malaysia Bhd and Genting Bhd are deemed major beneficiaries of an expected rise in the number of Chinese tourists to Malaysia after China banned travel packages to South Korea, according to Credit Suisse.

Recent news reports indicated that the travel ban, starting from the middle of this month, was due to Beijing’s retaliation against South Korea's approval to deploy the US Terminal High Altitude Area Defense (THAAD) missile shield.

Financial Times (FT) reported that "group tours departing after March 15 must be cancelled, with companies not in compliance liable to fines and having their licences revoked, according to written instructions issued by China’s tourism administration and shown to the FT by one Beijing-based agent."

Today, Credit Suisse said in a report that Malaysia was expected to benefit from the ban "as some Chinese tourists might choose to go to other locations in Asia instead of (South Korea)."

"We believe Genting Malaysia and Genting Bhd are more geared to the return of Chinese tourism, with the expansion of the casino and the reopening of the theme park in 2017, which may mark the beginning of another leg-up for free cash flows," Credit Suisse said.

Offline ahbah

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Re: GENTING
« Reply #52 on: March 10, 2017, 10:47:05 PM »
"We believe Genting Malaysia and Genting Bhd are more geared to the return of Chinese tourism, with the expansion of the casino and the reopening of the theme park in 2017, which may mark the beginning of another leg-up for free cash flows," Credit Suisse said.

Genting ..... attackkkkkk$$$$$ !

Offline ahbah

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Re: GENTING
« Reply #53 on: March 14, 2017, 02:10:19 PM »
BEIJING--Industrial production in China expanded 6.3% in the first two months of 2017 from a year earlier, accelerating from 6.0% growth in December, data from the National Bureau of Statistics showed Tuesday.   :thumbsup: :thumbsup: :thumbsup: :cash:

Offline king

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Re: GENTING
« Reply #54 on: March 22, 2017, 06:31:13 AM »



云顶获准迈阿密建酒店
863点看 2017年3月21日
(吉隆坡21日讯)云顶集团(Genting Group)获得初步批准,在迈阿密Omni郊区巴士总站附近,发展一家拥有300间客房的酒店。

据美国产业出版物《The Real Deal》报道,迈阿密戴德县委员会的交通委员会“一致同意”,将上述公共资产租赁给云顶集团90年。


不过,报道称,委员会需等到4月份,才能对90年期租借的作出最终决定。

迈阿密戴德县市长卡洛斯吉梅内斯指出,若与云顶集团达成协议,可为该县带来将近5500万美元的收入。

租赁90年

云顶集团根据当地政府提出的建议,将巴士总站和邻近的Metromover站翻新建议,呈交投标书。

云顶集团在投标书建议,在该区域新建300间客房的酒店,同时也计划在原属迈阿密先驱报《Miami Herald》旗下,位于比斯坎湾的旧物业上,建造一个码头。

云顶集团在2011年以2亿3600万美元(约10亿4400万令吉)购入该物业;起初计划兴建赌场度家村,但因当地不允发展购业,最终游说失败。


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Offline king

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Re: GENTING
« Reply #55 on: March 29, 2017, 01:49:58 PM »



云顶旗下云顶英国
伯明翰重新建设赌场
573点看 2017年3月29日
 

(吉隆坡29日讯)云顶(GENTING,3182,主板贸服股)旗下云顶英国在伯明翰(Birmingham)的Star City重新建设赌场,但相比之前的规模较小。


《伯明翰邮报》(Birmingham Post)的报道引述云顶发言人指:“在现阶段,我们正考虑着许多不同的选项。”

去年,该报章的报道指,云顶计划在今年1月关闭Star City的赌场,有大约220人失业。

云顶在该大楼仍保留租约,目前正与地主Quadrant Estates合作在闲置的空间用在其他替代用途。

此外,报道指,新提出的规划申请包括一间赌场,虽然规模较小,但将重新回到底层,因原有的赌桌仍在原地,并用作培训庄荷。


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Offline king

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Re: GENTING
« Reply #56 on: March 29, 2017, 08:48:28 PM »



云顶旗下云顶英国
伯明翰重新建设赌场
1433点看 2017年3月29日
 

(吉隆坡29日讯)云顶(GENTING,3182,主板贸服股)旗下云顶英国在伯明翰(Birmingham)的Star City重新建设赌场,但相比之前的规模较小。


《伯明翰邮报》(Birmingham Post)的报道引述云顶发言人指:“在现阶段,我们正考虑着许多不同的选项。”

去年,该报章的报道指,云顶计划在今年1月关闭Star City的赌场,有大约220人失业。

云顶在该大楼仍保留租约,目前正与地主Quadrant Estates合作在闲置的空间用在其他替代用途。

此外,报道指,新提出的规划申请包括一间赌场,虽然规模较小,但将重新回到底层,因原有的赌桌仍在原地,并用作培训庄荷。


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Offline king

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Re: GENTING
« Reply #57 on: April 02, 2017, 06:00:32 PM »



追讨云顶值逾20亿股票
林秀琼起诉弟弟林国泰
3467点看 2017年4月1日
 林国泰
林国泰

(吉隆坡1日讯)云顶(Genting,3182,主板贸易服务股)集团创办人已故丹斯里林梧桐三女林秀琼,向她的弟弟丹斯里林国泰追讨其在云顶公司名下的79万6250股股票,这是继林国泰和已故兄长拿督林致强的孩子争议信托基金和遗嘱受益人问题后,林梧桐家族内的另一场家族官司。林国泰也是云顶集团主席兼总执行长。


据《The Edge》财经周报报道,起诉人林秀琼声称上述股票是由建发实业私人有限公司(Kien Huat Realty Sdn Bhd)代她持有,起诉人寻求法院宣判,她有权追讨股票得益中的利息、附加股及红股。

报道指出,起诉人寻求在14天内获得股票转让,否则,答辩人林国泰和建发实业必须支付她20亿6000万令吉或由法庭评估的价值。

《The Edge》财经周报根据所接触到的诉状文件,作出报道。报道指根据粗略计算,79万6250股只占云顶缴足资本37亿2000万股的0.02%股权,这批股票现有市值为771万令吉。

“然而,在考虑到云顶的股息支付及例如红股及股票分拆等企业重组的权益,涉及的数目可能更大。”在之前的家族官司中,林国泰和胞弟拿督林致华,以及胞兄林致强的3名孩子林拱耀、林拱和及林淑玲,就信托基金和遗嘱受益人问题出现争议对簿公堂。

林国泰是林梧桐次子,除了他和林致强及林致华,林梧桐尚有3名女儿,分别为林秀丽、秀莲及秀琼。

工作无薪水获79万股票

报道指林秀琼和林国泰不和始于1960年末及1970年初期间,当时云顶还是一家初创公司。

据报道,林秀琼在诉状中指出,当年她20余岁,从伦敦回国开始正式在云顶(当时称为云顶酒店有限公司)上班,从1969年至1973年,是父亲的助手,即董事经理。

诉状指出,她在1974年再前往伦敦深造,不过在父亲要求下,她参与了最终导致企图收购哈里逊和科洛斯费(Harrisons & Crosfield)的谈判,她也参与数个谈判,及跟金融机构、顾问和股票行开会。

“之后,我回国,父母亲反对我读书;我嫁给Kassim Chan会计行 (现称德勤)的曾德发 ;Kassim Chan 也是云顶的稽查师。

“1977年8月杪,林梧桐基于我未领薪水协助及工作,给了我云顶的79万6250股,不过林梧桐在1978年8月在一个会议上告诉我,他要回这些股票及将支付320万令吉。”

没签署转让股票文件

报道引述诉状指出,林秀琼在1979年5月的一个生日会上,当她拿到股份销售协议书副本后,她才察觉她于1978年8月7日签署的协议书,跟她拿到的非同一份。

诉状指出,协议书提到她接受数个考量,但实际上她并没有。其实,她根本没接到任何买价,而且协议书提到她把股票转让给建发实业私人有限公司这点,她完全不知情,因她并没有签署转让股票文件。

诉状指出,之后,林梧桐口头告诉她,有关股票将由建发实业代她托管(held by kien huat realty for her in trust),而有关股票销售协议不再有效。

林国泰去年入禀追讨3600万

报道指根据法庭文件,林国泰数次表示,他知道有关的股票托管。

报道指出,起诉人以为建发实业的最终股东是她的家庭成员,及她的利益受到维护,不过到了2016年,她不确定她的利益是否还有保障。

据报道,林国泰去年1月29日入禀吉隆坡高庭,向林秀琼追讨欠他的3600万令吉。

在官司中,林国泰提到,建发实业由他及直系家属控制,即他和他的孩子为最终股东。

报道说,因此,林秀琼察觉林国泰不会接受信托股份。

指索求受诉讼时效限制

报道指出,根据一封志期去年9月15日的信函,林秀琼的律师寻求把在建发实业的股票转让给起诉人(秀琼)及由她领取由此产生的所有利益。

建发实业的代表律师于9月21日回复,拒绝起诉人的要求。“答辩人也指出,林秀琼的索求受到6年诉讼时效的限制,不过,林秀琼认为她是取回信托资产,所以不受时效约束。”

报道指出,根据答辩人建发实业及林国泰,建发实业在云顶持有大量的股票,却没有起诉人的信托股份。

报道指出,答辩人补充,1975年8月9日,起诉人林秀琼同意以213万令吉的价格把股票卖给建发实业,股票转让于同一天进行。

报道引述法庭文件指出,答辩人说,1979年3月26日,起诉人签署股票销售协议,将213万令吉的价格改为320万令吉,之后由建发实业在1979年4月16日全额支付。


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Offline king

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Re: GENTING
« Reply #58 on: April 06, 2017, 07:05:12 AM »



891万投资Nova Satra Dx
云顶经销乳癌检验
69点看 2017年4月6日
(新加坡5日讯)云顶(GENTING,3182,主板贸服股)独资子公司Genting Bio Cellular私人有限公司,投资Nova Satra Dx分子诊断公司200万美元(约891万令吉),获癌症检验大马独家分销权。

根据新加坡《商业时报》报道,Nova Satra Dx昨天指出,已从Genting Bio Cellular筹资200万美元,而云顶提名的2名董事也已加入该公司的董事部。


同时,Genting Bio Cellular的独资子公司,也取得在大马分销Nova Satra Dx癌症检验的独家权利。

Nova Satra Dx称,这笔资金将用于取得监管批准和商业化。这是一项诊断乳癌的无创血液检查方式。

该公司刚完成多中心亚洲验证试验,未来也有意提供一系列癌症迹象分子诊断方式。


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Offline king

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Re: GENTING
« Reply #59 on: April 20, 2017, 07:04:29 AM »



热门股:云顶上挑RM9.90
47点看 2017年4月20日
云顶(GENTING,3182,主板贸服股)日线股价趋势,于4月19日显现一段技术反弹走势,闭市时报9.70令吉,按日涨21仙或2.21%,短期间该股或会上挑9.71至9.90令吉阻力关口。

19/4/17行情


闭市:9.70令吉

起落:+21仙

成交量:57,466宗

最高:9.70令吉

最低:9.42令吉

本益比:16.814倍

毛周息率:1.289%

52周最高:9.90令吉

52周最低:7.494令吉




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Re: GENTING
« Reply #60 on: May 18, 2017, 02:01:36 PM »



MALAYSIACORPORATE
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Genting says Resorts World Las Vegas to be opened in 2020
Chong Jin Hun
/
theedgemarkets.com

May 18, 2017 13:32 pm MYT

-A+A
KUALA LUMPUR (May 18): Genting Group said its planned Resorts World Las Vegas (RWLV) in the US is expected to be opened in 2020 after the group took into account Las Vegas' casino and hotel market.

Genting Bhd president and chief operating officer Tan Kong Han said construction of RWLV is expected to start in the third quarter of 2017. Tan also said RWLV had appointed Edward Farrell as president.

Tan said: "As the shareholder of RWLV, we have full confidence in Ed's ability to lead a well-organised team of highly-qualified professionals to collectively shepherd RWLV through development and into successful operation."

"After careful consideration of the Las Vegas market and perfecting our planned, cutting-edge resort design and amenities, we look forward to RWLV commencing full construction by the third quarter of 2017 under Ed's leadership," Tan said.

Tan said this in a statement issued by RWLV. According to the statement, RWLV will employ some 1,000 construction workers on site by next year and the number is expected to increase to several thousand construction workers in the two years leading up to opening in 2020.

Once in operation, RWLV said it would employ more than 3,000 union employees.

Today, Farrell said in the statement: "Significant time has been spent on design to ensure that Resorts World Las Vegas will not only feature the exciting gaming experience Genting customers all over the world have come to expect from us, but also to debut completely new and captivating entertainment concepts that will appeal to a wide range of visitors to Las Vegas — international and domestic alike."

"Resorts World Las Vegas presents a unique opportunity to bring the Genting Group's experience in developing and operating Asia's leading integrated resorts to the United States, offering visitors to Las Vegas a new and compelling reason to stay on the north end of the Strip," he said.

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Re: GENTING
« Reply #61 on: May 18, 2017, 02:28:25 PM »
Genting ... hamtan kuat kuat  :thumbsup: :thumbsup: :thumbsup: :cash: :cash: :cash:

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Re: GENTING
« Reply #62 on: May 18, 2017, 02:41:09 PM »
  http://777tradesforex.~.in/p/blog-page.html

Offline king

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Re: GENTING
« Reply #63 on: May 18, 2017, 04:38:49 PM »



Business NewsHome > Business > Business News
Thursday, 18 May 2017 | MYT 3:02 PM
Resorts World Las Vegas pushes opening date to 2020
image: http://www.thestar.com.my/~/media/online/2017/05/18/07/10/resorts-world-las-vegas.ashx/?w=620&h=413&crop=1&hash=8C770349A71A7CAF18198A51F8F0E53F13D9FADA
Screen capture from Resort World Las Vegas website
Screen capture from Resort World Las Vegas website
 
PETALING JAYA: Genting Group said its proposed Resorts World Las Vegas (RWLV) is expected to see full construction commencing in the third quarter of this year, aiming for opening in 2020.

In a statement, Genting also announced the appointment of Edward Farrell as president of RWLV. Farrell will oversee all development activity on the Las Vegas Strip site and prepare the world-class, integrated resort for operations in 2020.

“As the shareholder of RWLV, we have full confidence in Ed’s ability to lead a well-organised team of highly qualified professionals to collectively shepherd RWLV through development and into successful operation,” Genting Bhd president and chief operating officer Tan Kong Han said in the statement.

“After careful consideration of the Las Vegas market and perfecting our planned, cutting-edge resort design and amenities, we look forward to RWLV commencing full construction by the third quarter of 2017 under Edward’s leadership,” Tan said.

According to the statement, over the last year, the RWLV design and development team has been perfecting plans for the multibillion-dollar integrated resort located on the Las Vegas Strip on the site of the former Stardust Casino.

In the next several months, construction activity on site will continue to ramp up with the installation of tower cranes to commence work on the casino podium and hotel towers. Site preparation and servicing work has already commenced and a large, 3,000-spot parking structure has been completed.

RWLV will employ approximately 1,000 construction workers on site by next year, increasing to several thousand in the two years leading up to opening in 2020.

Once in operation, the resort will employ more than 3,000 union employees with thousands of more indirect jobs also being created.

The US$4bil project’s was previously reported to be opened in 2019. Genting Bhd bought the Las Vegas property in 2013 from Boyd Gaming Corporation.

“Resorts World Las Vegas presents a unique opportunity to bring the Genting Group’s experience in developing and operating Asia’s leading integrated resorts to the United States, offering visitors to Las Vegas a new and compelling reason to stay on the north end of the Strip,” Farrell said.

“Significant time has been spent on design to ensure that RWLV will not only feature the exciting gaming experience Genting customers all over the world have come to expect from us, but also to debut completely new and captivating entertainment concepts that will appeal to a wide range of visitors to Las Vegas – international and domestic alike,” Farrell added.
TAGS / KEYWORDS:

Read more at http://www.thestar.com.my/business/business-news/2017/05/18/resorts-world-las-vegas-pushes-opening-date-to-2020/#KUsiZjyMCqCWJQI3.99

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Re: GENTING
« Reply #64 on: May 18, 2017, 07:47:38 PM »
Rm10 per share is just a matter of time
Namotasapakawatoarahatosamasamputasa

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Re: GENTING
« Reply #65 on: May 19, 2017, 12:19:09 AM »
云顶(GENTING,3182,主板贸服股)在考虑了拉斯维加斯赌场和酒店市场后,计划在2020年让名胜世界拉斯维加斯(Resorts World Las Vegas,简称RWLV)开张。

云顶总裁兼营运总监陈光汉在文告中指出,RWLV将在第三季动工,同时委任爱德华法雷尔(Edward Farrell)为RWLV的总裁。

“我们谨慎地看量当地市场,加上为完美地呈现我们前沿的设计与设备,因此计划在今年第三季开始全面动工。”

他也透露,明年前会聘请约1000名建筑工人,未来两年可能会增加多数千名员工,直到2020年开张。

在开始投运后,RWLV将会聘请超过3000名员工。

爱德华说:“我们花费许多时间设计的RWLV,除了能让世界各地玩家享受令人兴奋的游戏体验,也含有崭新的娱乐主题,相信会吸引大量的国内外游客。”
Namotasapakawatoarahatosamasamputasa

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Re: GENTING
« Reply #66 on: May 19, 2017, 11:56:22 PM »
云顶(GENTING,3182,主板贸服股)旗下云顶新加坡首季业绩报捷,分析员认为赌场领域正从中国打贪潮中复苏。

云顶新加坡日前向新加坡交易所报备,截至3月杪首季,净利按年飙4倍至2亿1016万9000新元(约6亿5512万令吉),归功于脱售济州岛度假村50%股权获得9630万新元(约3亿令吉)盈利。

不过,营业额按年跌4%至5亿8655万新元(约18亿2834万令吉)。

3年财测上修

若按季比较,营业额其实是扬5%,其中赌场营业额按季攀升8%至4亿3440万新元(约13亿5407令吉),因为贵宾和高端大众业务强劲。

此外,成本效率措施奏效及应收账项减值降低,经调整扣除利息、税务、折旧与摊销前盈利按年增47%。

达证券上调云顶新加坡今明后财年预测,幅度介于37.3%至43.5%,云顶盈利预测也跟随子公司,分别扬9.7%、9%与8.4%。

分析员在报告中指出,澳门每月赌场营业额连续上涨9个月,显示该领域从中国反贪活动中逐渐复苏。

“永利澳门和新濠度假村,今年首季表现部分由贵宾人数增加所推动。赌场仲介大张旗鼓重返市场,赌场信贷走势正面。”



投资者押注日本赌牌

市场对日本度假村赌场综合发展的兴奋和预期,也促使云顶新加坡股价上升。

达证券预计,投资者会加注投资日本赌场主题股,因为若押注的赌场营运商中选,犹如中彩票。

该证券行重申赌场领域“超越大市”评级,并预计一系列正面消息会维持投资者对该领域兴趣,云顶和云顶马来西亚(GENM,4715,主板贸服股)也会从中获益。

基于上行潜能高于12%,分析员维持云顶和云顶马来西亚的“买入”评级及目标价,分别为6.58令吉与11.53令吉。
Namotasapakawatoarahatosamasamputasa

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Re: GENTING
« Reply #67 on: May 27, 2017, 03:23:45 PM »



云顶集团家族失和添变数
林国泰叔侄纷争升级
422点看 2017年5月27日
(吉隆坡27日讯)云顶集团家族失和再添变数,云顶集团主席兼总执行长丹斯里林国泰争议两侄儿林拱耀及林拱和在澳洲上市公司Donaco Intrnational Ltd 共同持有的49.2%股权。

《The Edge》财经周报报道,Donaco控制在柬埔寨城市波贝的Star Vegas 度假村和俱乐部、一家赌场及酒店,以及在越南北部的Aristo 国际酒店及一家赌场。


此周报根据林国泰于5月4日入禀的宣誓书作出,根据报道,法庭文件显示,Aristo 国际酒店由已故林梧桐资助。

林国泰是云顶集团创办人已故丹斯里林梧桐的次子,林拱耀及林拱和是其已故兄长拿督林致强的儿子。

叔侄纷争越演越烈

林国泰持有云顶马来西亚及云顶新加坡(Genting Singapore)的控制权。

报道指出,法庭文件显示,林梧桐家族的叔侄纷争,越演越烈,没有平息之地。

报道指出,根据在已故林致强报穷案件入禀的进一步宣誓书,丰隆证券(HLG Securities)、TA Securities Holdings Berhad 及TA Centre Bhd 在单方申请中,要求法庭依据1976年破产法令31条文发出庭令,以盘问数名人士,从而确定是否存在林致强所拥有的资产及追回欠款。

文件提及的人士包括林国泰及林致华(林梧桐排名第三儿子),他们是VXL 集团公司创办人兼主席。

林致强的遗孀拿汀陈美玉及与致强育有两名女儿的Joanne Fok 及另外数名人士也在文件中提到。

熟悉此事的一名人士对新发展感到惊讶。

林致强大约在2003年被判入穷籍,2004年4月过世时,报穷令还未撤销。

报道引述法庭文件内容指出,林致强拖欠包括TA在内13名债权人高达1亿4662万令吉。


Offline king

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Re: GENTING
« Reply #68 on: May 30, 2017, 06:38:21 AM »



Monday, 29 May 2017 | MYT 11:50 PM
Genting Bhd rides on Singapore operations' strong results
BY M. HAFIDZ MAHPAR

image: http://www.thestar.com.my/~/media/online/2017/05/29/16/03/dcx_doc6lgp5zqowic7b8oewy.ashx/?w=620&h=413&crop=1&hash=A649C0CB2662167267047856E112ADB2FE0B59FD
Resorts World Singapore, whose attractions include the Universal Studios theme park, enjoyed improved operating margins in Q1.
Resorts World Singapore, whose attractions include the Universal Studios theme park, enjoyed improved operating margins in Q1.
 
KUALA LUMPUR: Genting Singapore PLC’s stellar performance, along with the effect of the stronger Singapore dollar, is reflected in Genting Bhd’s earnings for the first quarter ended March 31, which surged 361% to RM603.06mil.

Genting Bhd, which owns 52.84% in Genting Singapore, told Bursa Malaysia on Monday that improved operating margins and lower impairment on receivables led to Resorts World Sentosa’s (Singapore) better adjusted earnings before interest, tax, depreciation and amortisation (Ebitda).

Genting Singapore announced earlier this month that its adjusted Ebitda surged 47% to S$283.2mil (RM874.04mil). With a S$96.3mil gain on the disposal of its 50% interest in an integrated resort in Jeju, South Korea, its net profit after tax jumped more than fivefold to US$210.2mil (RM648.94mil).
 
In comparison, Resorts World Genting’s adjusted Ebitda slipped slightly to RM578.2mil due mainly to higher costs related to the premium players business and costs incurred for the new facilities under Genting Integrated Tourism Plan.

The casino business in the UK, meanwhile, brought in lower revenue and adjusted Ebitda due mainly to the weaker pound exchange rate to the ringgit in the quarter.

The adjusted Ebitda from the leisure and hospitality business in the US and Bahamas was lower in Q1 despite higher revenue as the preceding quarter’s adjusted Ebitda had included net reversal of expenses over accrued in previous periods.

Genting Bhd owns 50.68% in Genting Plantations Bhd, which on Monday reported almost a tripling (+197%) in earnings to RM80.06mil in Q1 2017 from the same quarter last year.

Revenue and Ebitda from its plantation business in Indonesia increased in Q1 due mainly to higher palm product selling prices and higher fresh fruit bunches (FFB) production.

Despite the Malaysian plantation business benefitting from higher palm product selling prices and higher FFB production, revenue was lower as these did not translate entirely into external sales (most of its crude palm oil from Sabah operations were sold to Downstream Manufacturing segment for onward processing to refined palm products where a portion was held as stocks as at the end of Q1 2017).

Genting Bhd’s overall revenue rose by a marginal 1.4% to RM4.77bil.
TAGS / KEYWORDS:
Corporate News , Genting Bhd , Genting Plantations Bhd

Read more at http://www.thestar.com.my/business/business-news/2017/05/29/genting-bhd-rides-on-singapore-operations-strong-results/#qYZXpiwWDgaoYz34.99

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Re: GENTING
« Reply #69 on: May 30, 2017, 07:03:41 AM »



下跌股:云顶RM9.50支撑
15点看 2017年5月30日
云顶(GENTING,3182,主板贸服股)的日线股价趋势进入一段巩固回调走势,陷入短期调整趋势,以9.73令吉报收,跌21仙或2.11%。

该股料会于近期间在9.50-9.72令吉间取得应有的支撑。


29/5/17行情

闭市:9.73令吉

起落:-21仙

成交量:17,229宗

最高:9.94令吉

最低:9.73令吉

本益比:-

毛周息率:-

52周最高:21仙

52周最低:7仙


Offline king

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Re: GENTING
« Reply #70 on: May 30, 2017, 07:09:11 AM »



首季3星齐报喜 云顶净利大起3.6倍
財经 最后更新 2017年05月29日 21时29分
首季3星齐报喜 云顶净利大起3.6倍

1分享
(吉隆坡29日讯)云顶(GENTING,3182,主板贸服股)与旗下的云顶大马(GENM,4715,主板贸服股)和云顶种植(GENP,2291,主板种植股)在2017財政年首季(截至3月31日止)纷纷报捷,交出亮丽业绩!

云顶首季净利按年大起361%,从去年同期的1亿3083万令吉,激增至6亿零306万令吉;但营收仅按年微升1.4%,至47亿6820万令吉,前期为47亿零367万令吉。

云顶指出,较低的应收账户减值及营运赚幅提升,是带动云顶净利大涨的主因。


云顶大马净利倍增

此外,云顶大马首季净利也按年增长1倍,至3亿2352万令吉;营收仅按年略扬0.43%,至22亿2382万令吉。

云顶种植净赚8006万

另外,基于原棕油售价上涨以及开始销售提炼棕油產品,云顶种植首季净利按年暴增2倍,至8006万令吉;营业额也飆涨53.4%,至4亿零22万令吉。换算成每股,云顶种植的首季净利从去年同期的3.44仙,增至10.04仙。

云顶种植位于沙巴拿篤的每年60万公吨產能的提炼厂在首季启动生產,是该公司首季盈利显著增长的其中一个功臣。

不过,云顶股价在今天大跌21仙或2.11%,至9.73令吉,是第7大下跌股;云顶大马则全天上升9仙或1.5%,至6.11令吉,位居上升榜第10名。云顶种植全天下滑8仙或0.68%,至11.60令吉。


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Re: GENTING
« Reply #71 on: May 30, 2017, 01:43:41 PM »



Business NewsHome > Business > Business News
Tuesday, 30 May 2017
Forex lift for Genting
image: http://www.thestar.com.my/~/media/online/2015/09/07/03/14/genting12aug15.ashx/?w=620&h=413&crop=1&hash=A13D7BB78935F02E41DE24CE7E02C3A481379149

 
PETALING JAYA: Genting Bhd registered a set of strong numbers in the first quarter, thanks to its operations from outside Malaysia that helped the group to enjoy significant gains from the weak ringgit.

The gaming company, which started as an operator of a resort and a single casino in Genting Highlands in the early 1970s, also enjoyed a lift in its earnings from the disposal of a stake in an associate company in Singapore.

During the quarter ended March 31, 2017, Genting, which has operations in Singapore, UK and the US apart from Malaysia, registered a 360% rise in net profit to RM603.06mil compared with RM130.83mil in the corresponding period last year.

The group’s profit before tax was RM1.46bil, a significant increase compared with RM542.7mil last year. This was on a revenue of RM4.77bil in the first quarter compared with RM4.7bil in the corresponding quarter last year.

“The increase was due mainly to higher earnings before interest, tax, depreciation and amortisation (EBITDA) and a gain of RM302.2mil recognised from the completion of the disposal of a 50% stake by Genting Singapore Plc (GENS) of its interest in an associate company,” the company said yesterday.

GENS disposed of its 50% stake in its associate company Landing Jeju Development Co Ltd.

Genting benefited from the improved operations and stronger Singapore and US currencies while the profit contribution from its Malaysian leisure and hospitality operations was marginally lower. The UK operations also saw a decline of 21% in its profit contribution due to the weak sterling pound against the ringgit.

Resorts World Sentosa (RWS), which is the anchor of Genting’s Singapore leisure and gaming operations, recorded higher revenue in the quarter due mainly to the stronger Singapore dollar compared to the ringgit.

But revenue in Singapore dollar terms showed a decline of 4% compared with the same period last year, Genting said.

However, EBITDA increased primarily due to substantially lower impairment of trade receivables in the first quarter and improvement in operating margins due to cost efficiency initiatives.

Genting’s operation in the US is another segment of its business that enjoyed higher revenue and EBITDA and contributed positively to its bottom line.

The company said the improved performance was due mainly to higher revenue from Resorts World Casino New York City (RWNYC) operations enhanced commission structure with the New York state authority as well as a stronger US dollar to the ringgit.

Resorts World Genting (RWG), which is the operations in Malaysia, registered higher revenue even though business volumes were lower.

“However, EBITDA decreased due mainly to higher costs relating to the premium players business and costs incurred for the new facilities,” the company said.

Genting Malaysia Bhd (GENM), a subsidiary of Genting, is building new facilities under a project called Genting Integrated Tourism Plan (GITP) to complement its existing attractions. When completed, it is expected to elevate RWG’s position as the destination of choice in the region.

On RWS, Genting said its efforts in the gaming and non-gaming segments have shown encouraging response from its targeted market segments and RWS is optimistic in delivering sustainable earnings growth.

GENS was also allocating resources in tandem with the progress of the Japan IR Execution Bill, which will pave the way for the formal bidding process of a gaming licence in Japan. Going to Japan is one of GENS’ diversification plans.

In the UK, which is under GENM, the group would focus on its non-premium players business where it continues to grow its market share.

“The strategy to reduce short-term volatility in its premium players business continues to prove successful in developing a more sustainable business,” Genting said.

It also said GENM has seen an encouraging improvement in performance at Resorts World Birmingham and has recently announced plans to introduce new attractions such as virtual reality games, which will be new to the UK.

TAGS / KEYWORDS:
Genting , forex

Read more at http://www.thestar.com.my/business/business-news/2017/05/30/forex-lift-for-genting/#TTAb9vF10BmwCIsJ.99

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Re: GENTING
« Reply #72 on: May 30, 2017, 01:45:09 PM »



Business NewsHome > Business > Business News
Tuesday, 30 May 2017 | MYT 11:58 AM
Genting Bhd shares up, GentingM down after Q1 earnings
BY JOSEPH CHIN

image: http://www.thestar.com.my/~/media/online/2015/10/07/12/32/genting.ashx/?w=620&h=413&crop=1&hash=2AFBCD1BA400D211735ADBB210A43FC325C99032

 
KUALA LUMPUR: Genting Bhd and Genting Malaysia Bhd put up a contrasting performance in their share prices on Tuesday after their mixed earnings for the first quarter ended March 31, 2017.

At 11.35am, Genting Bhd was up 15 sen to RM9.88 with 433,700 shares done, but off the intra-morning high of RM9.91.

Genting Malaysia fell 31 sen to a week-low of RM5.80 with 8.46 million shares done.

Hong Leong Investment (HLIB) Research said Genting Bhd reported 1Q17 core earnings of RM573mil (+38.8% on-year), accounting 24.3% and 26.6% of the research house and consensus estimates, respectively.

Quarter-on-quarter, the core profit after tax and minority interest was down by 20.0% due to effective higher tax rate after adjusted for exceptional items. Year-on-year, bottom-line was up by 38.8% riding on the strong showings from most segments (except Malaysia and UK operations) with improved margins.

HLIB Research said the Malaysia operation was lower due to higher costs and lower volume while Gen Singapore recorded improved margin despite lower volume. Operation in US was buoyed by growth at Resort World New York (RWNY)  while UK was affected by weaker pound sterling.

“Moving forward, we should expect more earnings derived from the Banten Power Plant, which started its operation since March.

“Maintain Buy as we believe Genting is the cheaper proxy (more than 30% holding discount) to buy into Gen Malaysia’s Genting Integrated Tourism Plan (GITP) growth and the excitement in Japan of Gen Singapore.

"Target price is raised to RM11.63 (from RM10.75) based on our sum-of-parts derived valuation after incorporating latest target price from its subsidiaries,” said HLIB Research.

As for Genting Malaysia, its 1Q17 core earnings were below CIMB Equities Research and market’s expectations.

The research house said  the group’s softer performance was mainly due to the weaker showing from its UK business, which experienced lower hold percentage and unfavourable forex.
 
TAGS / KEYWORDS:
Stocks , Earnings

Read more at http://www.thestar.com.my/business/business-news/2017/05/30/genting-bhd-shares-up-gentingm-down-after-q1-earnings/#dUpOB4cYjqtjyXhd.99

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Re: GENTING
« Reply #73 on: May 31, 2017, 06:50:58 AM »



参与马新2子公司增长投资云顶更划算
参与马新2子公司增长
投资云顶更划算
474点看 2017年5月30日
(吉隆坡30日讯)云顶(GENTING,3182,主板贸服股)最新业绩大致符合预期,随着区域博弈活动升温,分析员持续看好;且要从云顶马来西亚(GENM,4715,主板贸服股)和云顶新加坡增长分一杯羹,云顶是便宜的投资选择。

大众投行指出,云顶首季的营业额持稳,因种植业务强劲的表现,已被能源业务较低的贡献所抵消。而休闲及娱乐业务,则表现平平。


同时,大马的种植业务营业额挫23%,归咎于大部分的原棕油都已卖给下游制造业务,导致外部销售有限。

不过,该行分析员说,印尼种植业务超越大马,受惠于当地双双走高的棕油产品售价及产量。

尽管本地业务表现不起眼,该分析员仍持续青睐云顶,因区域博弈活动升温,相信可改善赌场股的表现。

首季核心净利4.9亿

他指出,若撇除外汇亏损、云顶新加坡的脱售收益、和其他特别事件,云顶首季核心净利,乃企于4亿8880万令吉,占该行分析员全年预测的24%。

云顶新加坡交出稳健表现,其中,扣息、税、折旧与摊销前盈利(EBITDA)激增约52%,归功于新元走强,和当季的应收账款减值显著下跌。

另外,分析员指出,总值40亿美元(约171亿令吉)的名胜世界拉斯维加斯也预计会在第三季动工,放眼2019年开幕。

因此维持该股“超越大市”的投资评级,和11.15令吉的目标价格。

丰隆投行分析员也相信,投资该股是更便宜的选择,以参与云顶马来西亚和云顶新加坡的增长。

分析员维持“买进”的投资评级,惟将目标价格上修至11.63令吉。

闭市时,该股收在9.9令吉,全天扬17仙,或1.75%;成交量有324万700股。



云顶大马目标价5.50令吉

云顶马来西亚首季的核心净利报3亿3360万令吉,按年扬8.2%,因为受到美国和巴哈马贡献的激励,且有效税率较低。

然而,这还是稍微低于分析员预期,因只占大众投行分析员全年预测的21%。

不过,分析员仍维持财测不变,因Sky Casino已在3月杪开幕,相信净利可在未来数季的得到改善。

然而,由于云顶综合旅游计划(GITP)逐步完成,故相信利好已反映在股价上,维持“中和”评级,但将目标价格上调至5.50令吉。

闭市时,该股以5.76令吉挂收,全天跌35仙,或5.73%;成交量有1748万1800股。

云顶种植炼油厂料续亏

扣除外汇亏损、脱售收益等,云顶种植(GENP,2291,主板种植股)首季核心净利翻倍增至8330万令吉,符合预期,占全年预测的25.3%。

稳定的业绩主要由强劲的种植净利所支撑,占集团净利的97%。

但肯纳格研究分析员说,虽然上游业务增长前景明朗,不太乐观看待炼油和产业业务。

管理层曾透露,大马的鲜果串产量只会有持平至单位数的增长,而印尼的产量增长则估计有30%,全年增长料超越15%,符合分析员全年增长22%的预测。

不过,下游炼油方面,则估计持续蒙亏,因炼油厂可能还未达到最高使用率,除非云顶种植购买更多外部的原棕油。

分析员维持“跟随大市”评级,和12.40令吉的目标价格。

截至闭市,该股报11.46令吉,全天跌6仙;共有3万6700股易手。


Offline king

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Re: GENTING
« Reply #74 on: May 31, 2017, 06:29:24 PM »



2017-05-31 16:45
林国泰:这是个人私事.争产风波不影响云顶
云顶大马业务不受林氏家族争产风波影响,预计计划蓝图修改后,云顶高原新主题乐园可在2018年第二季开张,拉维加斯名胜世界建筑工程于2018年完成。
(吉隆坡31日讯)云顶大马(GENM,4715,主板贸服组)业务不受林氏家族争产风波影响,预计计划蓝图修改后,云顶高原新主题乐园可在2018年第二季开张,拉维加斯名胜世界建筑工程于2018年完成。

广告

新主题乐团明次季开张

在股东大会提问环节,小股东鉴于一些上市公司家族争产风波影响公司表现的忧虑,向该集团主席丹斯里林国泰求证,林氏家族争产案是否影响集团表现。

对此林国泰回应,“争产风波的是我个人的私事,与公司运作无关。”他并向小股东保证,任何结果都不会对公司造成影响。

这是自2016年起家族内讧进入司法程序后,林国泰首次对外回应家族争产风波状况。

从去年起,林国泰分别被侄儿、侄女及胞妹起诉,近期法庭文件亦显示,林国泰质疑侄子累积澳洲上市公司的动机,让这起叔侄争产风波越演越烈。

促交代拉斯维加斯赌场进展

吉利买普腾 意在莲花?
广告

与此同时,小股东也要求管理层交代拉斯维加斯名胜世界(RWLV)进展及计划延迟的原因。

造价40亿美元的拉斯维加斯名胜世界原本预定于2019年开张,但近期宣布将延后一年至2020年。

该集团是在2013年收购该资产,但截至目前为止,尚未见大规模进展。

对此,林国泰回应说,重点建筑工程料在今年第四季开始,包括场地准备工作及设计。

广告

“虽然计划延迟2年,但这让我们有更多时间了解拉斯维加斯市场趋势变化,相信我们已找到正确模式,预计建筑工程有望在明年完成。”

他指出,近期拉斯维加斯业者有转向“轻赌场,重非赌场营业额”的趋势,非赌场营业额占了三分之二,对比以往的三分之一,赌场营业额则从以往的三分之二萎缩至三分之一。

为配合新趋势,RWLV必须重新设计蓝图,加入更多非赌场元素,因根据当地文化,度假村建设后不能随意更改。

比米尼业务有望3年转盈

除了小股东,小股东监督机构(MSWG)也针对业务提出多个问题,包括云顶高原综合旅游计划(GITP)主题乐园延迟开幕及美国巴哈马比米尼岛业务何时可转亏为盈问题。

根据管理层回应,GITP的20世纪霍氏主题乐园料在2018年第二季投运,延迟开幕是因为加码投资后再调整设计图,以提升顾客体验。

该集团初期预测,新主题乐园将在2016年开张,之后推迟至2017年,随着该计划投资额从10亿令吉增至20亿令吉后,开幕日期进一步延展至2018年。

至于比米尼业务,管理层看好可在未来2至3年转亏为盈。

去年比米米业务因渡轮服务停驶及酒店客房未全面完工,导致酒店入住率下滑,从2015年的45%跌至39%,赌场业务也因高成本而受影响。

管理层在展望比米尼业务前景时提到,2017年起将调整市场策略,重新定位该业务,包括专注于度假村及非贵宾业务,同时也实行合理化成本措施,与航空及渡轮业者合作,吸引更多游客登岛。

整体业务展望方面,管理层预见,大马业务将获GITP新设施支撑;英国业务将专注于推动非赌场业务市场份额降低短期波动及改善营运效率;纽约业务将在该区维持其市场领导地位(赌场营业额计)。

文章来源:
星洲日报‧财经‧2017.05.31

Online iiinvestsmart

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Re: GENTING
« Reply #75 on: May 31, 2017, 08:43:41 PM »
GENM will do extremely well with the completion and full opening of its GITP.

It will be the premium tourist resort in Malaysia.

Imagine every new mainland Chinese visitor making a visit to the hill.
It’s better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline yip1983

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Re: GENTING
« Reply #76 on: June 02, 2017, 10:31:41 AM »

马尼拉名胜世界疑遭恐袭 云顶股价应声下跌
马尼拉名胜世界半夜发生枪击爆炸案,造成云顶(GENTING,3182,主板贸服股)股价一开市就应声下跌。
昨晚,位于马尼拉国际机场对面的马尼拉名胜世界,发生枪击和爆炸案,怀疑是恐怖袭击。今早云顶一开市,就跌4仙或04%,报9.96令吉。
云顶马来西亚(GENM,4715,主板贸服股)也跟着应声下挫2仙或0.349%,报5.71令吉。
云顶新加坡也受到投资者的惊恐情绪影响下行,报1.175新元,跌0.005新元。
不过,富时隆综指不受影响,开市报1767.60点,扬4.50点,扭转了昨日闭市时的跌势。


Offline king

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Re: GENTING
« Reply #77 on: June 03, 2017, 07:10:43 AM »



枪手烧赌桌
员工住客遭浓烟夺命
370点看 2017年6月3日
 

170603b01zz_600x315


(马尼拉2日讯)马尼拉名胜世界遇袭事件,除了自焚身亡的枪手,其余36名死者皆是酒店住客或员工,他们多是因吸入凶徒以汽油弹纵火后弥漫四周的浓烟,窒息身亡。

马尼拉名胜世界形容,这是该公司悲伤的一天,但强调这毫无预警的暴力袭击,将不会打倒马尼拉名胜世界所建立的精神,他们将会渡过难关。

马尼拉名胜世界营运长斯蒂芬瑞里表示,37名死者当中,除了自焚身亡的枪手,他们已确认了另35名死者身分,包括22名酒店住客及13名酒店服务人员,但未透露细节,仅称将由警方完成鉴定后公布。


住客们在枪声、爆炸声响起后,逃离马尼拉帕赛市的名胜世界度假村。(美联社)

根据警方说法,这起攻击事件至少造成37人死亡,包括36名罹难者与一名歹徒,另有54人在推挤践踏中受伤。

ABS-CBN报道说,警方在确认这栋高级度假村兼赌场内已经安全之后,消防人员早上进入清理现场,在2楼及3 楼发现计36具屍体。

消防人员说,他们多是因浓烟而窒息。


特警在酒店外严阵以待。警方在事发后即时封锁现场。(欧新社)

马尼拉名胜世界发文告说,事发后,该公司的保安团队及与消拯局案发在现场逐层搜救,除了36名酒店内的死者遗体,目前已证实有54人被送到附近医院接受治疗。

“我们吁请各界,在这个艰难时刻给予谅解,公司也向家属致上哀悼。”

该公司已在NECC建筑物底楼的Career Hub 1设立咨询柜台,或拨打热线0917-872 8300及0917-872 8756。


菲律宾亲友等候失踪至亲的消息,接受采访时难掩心如火焚之情。(欧新社)

外交部:无大马人涉案

大马外交部说,目前没有大马人涉及马尼拉名胜世界疑恐袭事件。

外交部发文告说,在菲律宾马尼拉的马来西亚大使馆正在与菲律宾当局密切联系及监督此事进展,该部促请身在该国的大马人保持警惕,并遵守菲律宾官方指示。


Offline king

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Re: GENTING
« Reply #78 on: June 10, 2017, 06:14:03 PM »



主页 > 财经 > 国内 > 菲律宾暂停马尼拉名胜世界赌场执照
菲律宾暂停马尼拉名胜世界赌场执照
612点看 2017年6月10日
(吉隆坡10日讯)菲律宾娱乐博彩公司(Pagcor)昨日宣布,暂停马尼拉名胜世界(Resorts World Manila,简称RWM)经营赌场的执照,以等待调查6月2日发生造成38人死亡的攻击事件。

Pagcor暂停了Travellers国际酒店集团在RWM旗下经营赌场及其他博彩设施的临时执照。


Pagcor在一项文告中指:“随着暂停该项执照,RWM必须停止所有博彩营运,而有关调查仍在进行中。”

枪手卡罗斯(Jessie Carlos)在6月2日袭击RWM,在赌场的赌桌纵火,造成37名顾客及员工死亡,且使到超过50人受伤。

Pagcor指,将会暂停直至RWM整顿严重的安全漏洞和不足,这不仅造成死亡和损坏资产,但是也让市场对菲律宾博彩、旅游和酒店业有了不好的印象。

“若是不遵守这项命令,我们将会实施其他现有法律下的制裁。”

该国的博彩监管机构也要求所有综合度假村提交保安及安全方案,以确保不会再发生类似事件。

RWM管理层已在攻击事件发生之后几天,寻求海外保险专家检查他们的保安和安全方案。

该公司营运总监莱利在昨日一项文告中指:“我们将会重建,及让RWM变得更好,更强大。引进世界专家是其中重要的措施。”

他指,已寻求Blackpanda公司检讨RWM的保安和安全方案,以及鉴定以作改善的地方、建议减少风险措施,以及引导他们执行有关措施。


Offline king

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Re: GENTING
« Reply #79 on: July 13, 2017, 01:53:01 PM »




Hot Stock
Genting rises on bargain hunting, Maybank upgrade
Neily Syafiqah Eusoff
/
theedgemarkets.com

July 13, 2017 12:43 pm MYT

-A+A
KUALA LUMPUR (July 13): Genting Bhd rose as much as 18 sen or 2% on bargain hunting and after Maybank Investment Bank Bhd said the company was a cheaper proxy to its listed units.

Genting Bhd, which owns 49.32% of Genting Malaysia Bhd, also has a 52.84% stake in Genting Singapore PLC. Collectively, the Genting Group is a diversified entity, the businesses of which include hotel, casino and oil palm plantations.

At Bursa Malaysia, Genting Bhd shares rose to their highest so far today at RM9.30, for a market capitalisation of RM34.83 billion.

At 12:30pm, the stock settled at RM9.29, with 949,600 shares traded. Genting Bhd was Bursa Malaysia's sixth-largest gainer.

Investors bargain hunted for Genting Bhd shares, after the stock fell to RM9.03 on Monday (July 10). Yesterday, the stock closed at RM9.12.

In a note, Maybank analyst Yin Shao Yang said the research firm preferred Genting Bhd as a cheaper proxy to Genting Malaysia and Genting Singapore.

“We tweak FY17/FY18/FY19 earnings estimates by +1%/+3%/+3% and SOP-based target price by +3% to MYR11.90, from (RM11.55), to account for our higher Genting Malaysia earnings estimates and target price,” Yin said.

Offline king

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Re: GENTING
« Reply #80 on: July 14, 2017, 12:11:54 PM »




Friday, 14 July 2017 | MYT 11:33 AM
New York racetrack, Las Vegas casino fuel Genting push in the US
image: http://www.thestar.com.my/~/media/online/2017/06/29/00/52/genting-building.ashx/?w=620&h=413&crop=1&hash=20BACBB308D3BC8B3A9DEDF0CCC390C4E3BD4F70

 
HONG KONG: Las Vegas will be getting its first new casino on the Strip in a decade.

And the only casino currently operating in New York City, at the Aqueduct Racetrack in Queens, is being upgraded to include a 400-room hotel with a celebrity-chef restaurant.

They’re both part of the huge U.S. expansion plans of the Genting Group, a Malaysian conglomerate that’s seeking to move beyond its Asian roots -- not just in New York and Las Vegas, but in Miami and suburban Massachusetts as well.

Genting announced Thursday it was breaking ground on the $400 million project near New York’s John F. Kennedy International Airport.

Genting’s affiliate, Empire Resorts Inc., also plans to open a $1.2 billion casino resort in the Catskill mountains outside New York City early next year.

“We want to diversify the portfolio, spread out the risk and be able to leverage international travel by having the right assets in the right cities,” said Edward Farrell, president of Genting Americas.

The centerpiece of Genting’s U.S. expansion is the 3,000-room Resorts World Las Vegas, scheduled to open in 2020 on the northern end of the Las Vegas Strip.

Construction on the $4 billion project just recently started, Farrell said. Genting, which also owns the Star Cruises and Crystal Cruises lines, bought the property in early 2013 and said it spent the intervening years working on the design.

The Strip hasn’t seen a major hotel open since 2009, and Genting’s timing could position it well, according to Brent Pirosch, director of gaming consulting at real estate brokerage CBRE Group Inc. in Las Vegas.

The city is expanding its convention center and preparing to build a $1.7 billion stadium for the National Football League’s Raiders, who will be moving from Oakland.

Big Proceeds

Genting’s Resorts World New York City generates plenty of proceeds. Last year it had gaming revenue of $826.5 million, according to Bloomberg Intelligence.

This is 13 percent more than Atlantic City’s biggest casino, MGM Resorts International’s Borgata Hotel Casino &Spa, and 26 percent more than the casino revenue of Wynn Resorts Ltd.’s flagship Las Vegas property.

Resorts World pays 70 percent of the casino’s gross to New York State, according to the company, or a total of more than $1.9 billion to New York’s Lottery Education Fund since opening in 2011.

The casino offers electronic slots and other games but isn’t allowed to have live table games.

Like other casino operators, Genting is trying to develop properties in densely populated areas and sees its frequent-player program ultimately sending players to the new Las Vegas resort, said Michael Pollock.

Pollock is managing director of Spectrum Gaming Group, a New Jersey-based consulting firm that has done work for the company.

“You encourage your higher spending, most profitable customers to stick with you,” Pollock said. “People in Queens will play more often if they can earn points redeemed in Las Vegas.”

Resorts World Catskills is the next leg in that effort. The property will feature 2,150 slot machines and 130 table games in a 100,000-square-foot casino after its scheduled opening in March.

 It will include a hotel with 332 suites, an entertainment venue with 2,000 seats, as well as bars, restaurants, pools and a spa.

Genting’s other U.S. projects face some daunting hurdles.

A $1 billion project with the Mashpee Wampanoag tribe for a resort with three hotels and a casino, about 40 miles (60 kilometers) south of Boston, is being delayed by a legal challenge.

Genting has invested $347.4 million in promissory notes issued by the tribe, the company said in a filing with the Malaysian stock exchange on July 7, noting that recovery depends on the case’s resolution.

A plan for a casino at the site of the former Miami Herald building, which Genting purchased for $236 million in 2011, is also in limbo, with state lawmakers balking at proposals to expand gaming in the city.

Farrell said there’s little reason to expect the company will be able to move ahead. The downtown Miami site has attracted interest from would-be buyers, according to Farrell, but the company isn’t ready to sell yet.

“We have had several opportunities to sell that we have not accepted,” he said. “We are going to hold on to our property and see what happens.”

Genting’s U.S. expansion plans come at a time of uncertainty for its casinos closer to home. Resorts World Manila, a joint venture with Philippine-based Alliance Global Group Inc., has the challenge of winning back customers after the casino was the site of an arson attack in June.

Lagged Behind

In Singapore, the group’s Resorts World Sentosa has long lagged behind rival Las Vegas Sands Corp.’s Marina Bay Sands in revenue.

The resort, which slumped along with Macau as high-stakes players stayed away amid China’s corruption crackdown, is focusing on attracting casual gamblers and families instead.

“They’re trying to improve some of the theme parks and attractions that they have, enhancing their product in order to drive more of the masses,” said Margaret Huang, an analyst at Bloomberg Intelligence.

In Malaysia, the group has spent three years upgrading its flagship Genting Highlands resort, adding additional gambling capacity, shopping malls, upscale eateries and a revamped theme park.

"The resulting upswing in visitors will likely contribute to higher revenue this year, said Kristine Wong, an analyst at CIMB Group Holdings Bhd. in Singapore.

“The prospects are good in the long term,” she said. - Bloomberg
 
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Read more at http://www.thestar.com.my/business/business-news/2017/07/14/new-york-racetrack-las-vegas-casino-fuel-genting-push-in-the-us/#jwhIt3DP2usX2gme.99

Offline shilau

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Re: GENTING
« Reply #81 on: July 16, 2017, 09:43:32 AM »
casino   

Offline king

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Re: GENTING
« Reply #82 on: July 18, 2017, 03:54:55 PM »




Malaysians Must Know the TRUTH THERE IS NO GOD EXCEPT ****** read: http://myislamawareness.~.my/ LOVE MALAYSIA!!! TUESDAY, JULY 18, 2017 GE13 BOUGHT WITH ‘HARAM’ MONEY? EXPOSED – GENTING’S SHOCK RM190MIL DONATION TO ‘CHARITIES’ CONTROLLED BY NAJIB SHORTLY BEFORE 2013 ELECTION Why did Genting become so “charitable” to Najib and UMNO/BN as never before or after? In 2013 Genting sold its IPP business to 1MDB for RM2.3 billion. Genting’s 2013 audited accounts show that it made a staggering RM1.9 billion profit on that sale. It’s obvious that Najib and 1MDB conspired with Genting to inflate the purchase price by RM1.9 billion. AND RM190 million is exactly 10% of RM1.9 billion! Coincidence? In Genting’s own books, its IPP was valued at RM400,000 million. In actual fact, the IPP was worth next to nothing as the PPA signed with Tenaga was due to expire in 2016.  Tenaga then already had 55% excess capacity (largely due to ridiculously high Kw/hr rates it was arm-twisted to concede to Genting (Lim Kok Thay), Tanjung (Ananda Krishnan) YTL (Francis Yeoh) and Jimah (NS Royal Family) by Mahathir & the EPU). So, all it had to do was wait for the PPA to expire, and they could have bought over Genting’s IPP at rock bottom price! Refer: https://www.malaysiakini.com/news/231732 http://www.themalaymailonline.com/malaysia/article/pua-was-1mdb-created-as-a-bn-slush-fund and https://peoplestrustmalaysia.wordpress.com/2015/06/20/malaysia-of-debt-ridden-1mdb-yr1m-genting-plantations-najib-and-money-politics/. This fraud was further revealed when, after paying Genting RM2.3 billion for the IPP, 1MDB wrote off RM1.2 billion as  permanent loss in value in its 2013 audited accounts! So, now we know where some of the money Najib and 1MDB Foundation spent like water in so-called Corporate Social Responsibility (CSR) ventures to sponsor free Haj trips, gunny sacks of rice, sarongs, bajus etc. to Malays, came from. Let me also expose that fraud further. 1MDB’s Detoilette audited accounts for the year ended 31 March 2014 shows positive Equity (from 2010-2014) of RM2.4 billion. Refer picture below. In actual fact, from a strict cash point of view, 1MDB had negative equity of RM2.6 billion. This is because, to hide the massive RM2.6 billion loss, 1MDB cooked the books by revaluing its land assets by RM5 billion. This resulted in a huge paper profit, but no cash! So, 1MDB never had enough cash from profits to embark on fancy multi-million ringgit CSR Haj giveaways through 1MDB Foundation. All that boasting by Najib & Arul Kanda that 1MDB had contributed a lot to the welfare of citizens, was done by cooking the books, inflating IPP purchase prices and stealing by blatant fraud, over RM19 billion from 1MDB’s funds. At least another RM11 billion is missing from 1MDB’s books, while MoF is hiding behind the OSA to cover-up the SRC/KWAP RM4 billion fraud. Do you really wonder now why Najib sacked the two previous auditors, EY and KPMG? Or why 1MDB appointed Detoilette where Najib’s son is a partner, and it (illegally) withdrew its 2013 & 2014 audit reports and resigned in 2016? Or why MoF is in no hurry to get 1MDB’s accounts written up for 2013-2017 and get it audited? Do you not wonder why, if 1MDB had really made all that profit and has RM51 billion of assets as that conman Najib boasted without a clue about analysing accounts, it was unable from 2014 to service loan interest and capital repayments, required RM975 million bailout from MOF, refinancing of RM4 billion arranged by Ananda Krishnan, and had to sell its IPP business, precious Bandar Malaysia & TRX land? Or why it is the Rakyat (MoF) which will have to bear 1MDB’s US$6.5 billion (RM28.6 billion) IPIC debt (again)? This has resulted in 1MDB’s debts mushrooming to RM95 billion reduced by RM10 billion to RM85 billion from sale of IPPs (Edra) for RM10 billion, to CNG China. The fraudulent inflating of all 1MDB’s purchase of IPPs was admitted to by shameless, disgraceful and lying CEO Arul Kanda who offered the lame excuse that it was done to prevent TNB from increasing electricity traiffs. CLICK HERE. Of course, as every Malaysian knows, electricity tariffs have never come down. The real reason for all this massive fraud, looting and plundering by Najib and his cronies was to build up a slush fund to get UMNO/BN illegally re-elected, and line Najib & Rosmah’s pockets! Please learn to recognize the real traitors in our midst (musuh dalam selimut) – Najib, Jho Low, Rosmah, Riza Aziz, Ismee, Shahrol Halmi, Chairman & BoD of 1MDB, Arul Kanda, AG Pandi, IGP Kebab, PAC Chairman Hasan Arifin, Chief Sec to Govt Dr. Ali *, MoF Chief Sec Serigar Abdullah, Cabinet Ministers and Najib balls carriers and apologists like Paul Low, Nur Jazlan, Azalina, Kj, Rahman Dahlan, Salleh Syed Keruak, Ahmad Maslan, fake tengku Adnan, MCA, MIC, Gerakan etc., etc., etc. Vote them all out or we are truly finished! – http://donplaypuks.~.my

Cheap Offers: ~/gadgets_cheap

Offline king

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Re: GENTING
« Reply #83 on: July 27, 2017, 08:50:44 AM »




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MALAYSIACORPORATE
Immediate hurdle for Genting at RM9.70, says AllianceDBS Research
theedgemarkets.com
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theedgemarkets.com

July 27, 2017 05:41 am MYT

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KUALA LUMPUR (July 27): AllianceDBS Research said Genting Bhd (Genting) had on July 26 traded marginally higher to settle at the day’s high of RM9.67 (up 8 sen or 0.83%).

In its evening edition yesterday, the research house said Genting continued to stay between the 20-day (blue) and 50-day (red) moving average lines.

“Given the recent share price behaviour, the stock is likely to move between RM9.25 and RM9.70 in the coming few days.

“A crossover of RM9.70 should see further price rise to the next overhead resistance at RM10.0.

“However, a fall below RM9.25 would put pressure on the stock down to the subsequent support at RM9.00,” it said.

AllianceDBS Research said stock volume traded on July 26 was 780,000 shares compared to the 3-month average volume of 3.32 million shares.

The research house said that indicators wise, the MACD was above the 9-day moving average line with the buy signal remains intact.

It said the relative strength index indicated that the stock was currently in a neutral zone.

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Re: GENTING
« Reply #84 on: August 25, 2017, 07:54:55 AM »




Thursday, 24 August 2017 | MYT 11:50 PM
Genting Bhd’s earnings surge, growth seen at all operating divisions
BY M. HAFIDZ MAHPAR

image: http://www.thestar.com.my/~/media/online/2017/08/24/16/48/dcx_doc6qvftimi1b8ggh943sm.ashx/?w=620&h=413&crop=1&hash=8B4FB3B2CE3C5881E11002A18DFBE04D4957E335
Resorts World Genting enjoyed a 7% increase in revenue to RM1.44bil in Q2.
Resorts World Genting enjoyed a 7% increase in revenue to RM1.44bil in Q2.
 
KUALA LUMPUR: Genting Bhd’s earnings climbed 57% year-on-year to RM456.33mil in the second quarter (Q2) ended June 30 despite the group incurring impairment losses of RM113.42mil.

The solid performance was thanks to a 17% improvement in total revenue to RM4.95bil as well as a net gain on disposal of available-for-sale financial assets of RM139.1mil.

Leisure and hospitality business - the single largest contributor to revenue and profit - registered a 45% jump in pre-tax profit to RM1.63bil.

The division's Malaysian component, comprising Resorts World Genting (RWG), posted a 7% increase in revenue to RM1.44bil on higher volume of business from the mass market as well as mid to premium segments of the business.

Genting said the opening of new attractions in SkyPlaza (a shopping mall plus casino) in March - part of the RM10.4bil Genting Integrated Tourism Plan (GITP) - contributed to higher volume of business from the mass market.

However, pre-tax profit slid 5% due mainly to higher costs relating to the premium players business as well as higher operating costs incurred for the new facilities opened under GITP.

Meanwhile, RWG's Singapore counterpart saw a 31% jump in revenue to RM1.85bil and a whopping 148% growth in pre-tax profit to RM918.5mil.

The increased revenue for Resorts World Sentosa (RWS) was due to higher rolling win percentage in the premium player business.

As for the healthy growth in earnings, it said this came on the back of improved operating margin as RWS continued with its strategy of focusing on better margin business and maintaining lower impairment of receivables.

Genting's plantation businesses in Malaysia and Singapore both enjoyed higher revenue and profit. The combined operations grew 48% in revenue to RM423.1mil and 97% in pre-tax profit to RM144.6mil.

Stronger palm products selling prices and higher fresh fruit bunches production were factors that helped to boost the revenue and profit of the plantation division.

The Genting group's power, property and oil & gas divisions all saw improvements in both revenue and profit.

Revenue and earnings growth of the power division was mainly from the sale of electricity by the Indonesian Banten coal-fired power plant following the start of commercial operations in March.

On its plans, Genting said the development of the new GITP facilities at Resorts World Genting remained its key focus in Malaysia.

RWS in Singapore, meanwhile is preparing a five-year strategic roadmap that will enhance its destination appeal in the targeted market segments as well as adopting innovative technology to drive productivity, efficiency and customer experience.

Genting noted that its 52.8%-owned subsidiary Genting Singapore was closely following the progress of the Japan IR Execution Bill, which would pave the way for the formal bidding process of the Japan gaming licences.

Genting Bhd directors have declared an interim dividend of 8.5 sen per ordinary share in respect of this financial year ending Dec 31, 2017.

For the whole of the previous financial year, Genting only announced a dividend (final) of 6.0 sen and a special dividend of 6.5 sen when reporting its final-quarter results.

Meanwhile, Genting Malaysia Bhd’s Q2 earnings tumbled 59% to RM193.42mil mainly due to foreign exchange losses and the lower performance of its UK operations.

The group incurred forex losses on its US dollar-denominated assets as a result of the strengthening of the ringgit against the greenback.

This was reflected by an adjusted loss before interest, tax, depreciation and amortisation (LBITDA) of RM47.9mil from the “investments and others” segment, versus an adjusted earnings before interest, tax, depreciation and amortisation (EBITDA)_of RM40.3mil in the same quarter last year.

There was also a RM57.1mil drop in adjusted EBITDA from the UK casino business, mainly due to lower revenue; as well as a RM37.8mil fall in adjusted EBITDA from the leisure and hospitality business in Malaysia, mainly due to higher cost relating to the premium players business and higher operating costs incurred for the new facilities under GITP.

Genting Malaysia’s Q2 revenue was, however, higher by 3% compared with the same quarter in 2016.
TAGS / KEYWORDS:
Corporate News , Genting Bhd

Read more at http://www.thestar.com.my/business/business-news/2017/08/24/genting-bhd-posts-strong-earnings-growth/#hlX80Est7G62gi6p.99

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Re: GENTING
« Reply #85 on: November 24, 2017, 12:23:11 PM »




Analysts raise target price on Genting despite lower 3Q profit
Neily Syafiqah Eusoff
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theedgemarkets.com

November 24, 2017 10:55 am +08

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KUALA LUMPUR (Nov 24): Genting Bhd’s third quarter financial results were within analysts’ expectations, although the conglomerate’s net profit was down 67%, dragged by hefty impairment plus higher expenses and finance cost. 
 
Public Investment Bank has raised its target price to RM11.50.
 
In a results review note, Public Investment Bank maintained its “Outperform” call on Genting, with a higher target price of RM11.50, from RM10.80 previously, despite sharply lower quarterly earnings.
 
Its analyst Eltricia Foong said in the medium -to long-term, catalysts for Genting include Genting Singapore plc's (GENS) possible venture into the Japanese gaming market, expansion of Resorts World New York and the completion of an integrated resort in Las Vegas.
 
“Meanwhile, the performance of its gaming operations in Singapore should remain positive, underpinned by stronger VIP and premium mass business volume,” she said.
 
The research house noted higher net profit for 9MFY17 was mainly on higher contribution from GENS and the plantation division.
 
“For 9MFY17 (for the nine-month period ended Sept 30, 2017), core net profit of RM1.79 billion came in above our expectation, but within consensus full-year estimates.
 
“The discrepancy in our forecast was largely due to higher contribution from GENS, although Genting Malaysia Bhd’s (GenM) results were below our expectation.
 
“After accounting for lower earnings forecasts for GenM and higher contribution from GENS, we raise our FY17-19F estimates for Genting by 1% to 7%,” Public Investment Bank said.
 
Genting owns 49.32% of GenM, and 52.84% of GES.
 
Yesterday, Genting announced its net profit slipped to RM191.13 million in the third quarter ended Sept 30, 2017 (3QFY17), from RM574 million a year ago, dragged by impairment losses plus a sharp rise on expenses and finance costs, while revenue grew 7.6% to RM5.04 billion in 3QFY17, from RM4.68 billion in 3QFY16.
 
For 9MFY17, the group’s accumulative net profit went up by 25.8% to RM1.25 billion, from RM990 million a year ago. Revenue came in 8% higher to RM14.8 billion, from RM13.61 billion.
 
CIMB Research analyst Kristine Wong has upgraded her recommendation on the stock to “Add”, from “Hold”, with a higher target price of RM10.70.
 
“Our target price is still based on a 30% holding discount to our RNAV estimate of RM15.28. We are upgrading our call to an “Add”, as we think that Genting is a cheaper proxy to ride the positive upside to its listed subsidiaries, GenM and GENS.
 
“Genting’s 9MFY17 core earnings of RM1.3 billion came in line with our expectations but below consensus, representing 64% and 60% of respective full-year estimates,” she said.
 
Wong said GENS is still an important pillar, in which the contributions to Genting’s 9MFY17 earnings before interest, taxes, depreciation and amortization (EBITDA) met expectations, with GENS making up 55% of overall EBITDA, GenM forming 38% and Genting Plantations Bhd at 8%.
 
At 10am, Genting shares fell two sen or 0.22% to RM9.13, with 386,300 shares traded, for a market capitalisation of RM35 billion.