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Genting subsidiary Genting Plantation shall be reported better profit along side with good CPO price. How much will depend on the FFB output and efficiency in oil extraction rates too.
If take into account of profit calculation, 52% contribution from Genting Singapore and 55.4% from Genting Plantation shall have cross RM100 million mark. Others depend on Genting Malaysia, Property and Oil and Gas division.
Yes Kah Liong unless being drag down by GenM. As GenM contribute 49.5% to Genting while GenS contribute 52% (recent reported SGD54.5 million profit so if you took 52% profit to consolidate with Genting bottom line and multiply around 3 for conversion of Sing dollar to Ringgit) on Genting Group. Both company is major contribution while Genting Group (almost covering 90% of group profit).
so far Genting and GenM is good, been giving dividend. do not let the drop in price shake your confidence. Best and keep for long term dividend returns if price low.. soon will rise.. nothing stays down forever especially these 2 stocks not like glove stocks fluctuate so high.. steady la