WenChong Ng's comment on GENM. All Comments

WenChong Ng
47 Like · Reply
直接变垃圾股 收了一年了 价差都不够补股息 收了个寂寞
Captain MY
2.65 都站不稳………
1 Like · 1 month · translate
散户的机会
再忍一忍,快要射了…….
顶着啊…
2 Like · 1 month · translate
Captain MY
忍着了,还好有一点股息安慰 哈哈哈
1 Like · 1 month · translate
cheng
manage it well until the next market panic opportunity as Q2'24 performance will be the one that reflects the headwinds - full quarter performance with 2 facilities shutdown for renovations impact on its revenue, 2% sst impact on its margins and higher shareholdings for Empire impact on its higher share of profit/losses. Q1'24 revenue for NYC and Hudson Valley looks really good while Catskills remained flattish; operational costs will be the deciding factors here again.
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3 Like · 1 month · translate
cheng
Casino resort at Forest City? It would be a sell/exit for me if Genting were to participate in the project :)
3 Like · 4 weeks · translate
Lionel Essi
Cheng. Yes. Because need to take out capital first and not sure can materialize it since opposition is strong. Government can be changed anytime. Good luck
2 Like · 4 weeks · translate
cheng
not so much on opposition or politics, Lionel. I personally don't think it's a good business model. If it is a GO project, it's cannibalisation of Resort World Sentosa's revenue and Genting Highlands revenue. Genting group stand to lose more than gains in my personal opinion, could be wrong :)
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4 Like · 4 weeks · translate
Eddy Khoo
better bid for casino in Thailand than in Malaysia. the market is just too small as there are already two casinos in Singapore just across the Strait.
2 Like · 4 weeks · translate
cheng
True, Eddy. I believe Genting Singapore will bid for it when the time comes :) Timing wise is just nice for Genting Singapore as RWS 2.0 will probably be completed in 5 years time and just in time to start Thailand's project if it is successful in the bidding; assuming all acts/regulations are in place by then.
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3 Like · 4 weeks · translate
Tok Tiong
云顶真的很稳。。。。。
1 Like · 4 weeks · translate
cheng
Post Q2'24 will be volatile depending on the outcome, Tok Tiong. Can be upside or downside volatility:) Well, if Genting decided to participate in the Forest City, it will be immediately volatile towards the downside.
2 Like · 4 weeks · translate
Michael Wong
this quarter report out will issue some div or nt? :)
1 Like · 4 weeks · translate
Vin Cullen
Michael..genm declare another 6 sen dividend on Aug...
1 Like · 4 weeks · translate
John LTL
Maybe a special dividend, hahaha.
1 Like · 4 weeks · translate
tim foo
今天260我也再加一点。
2 Like · 4 weeks · translate
Min Kuan Lau
drop because Johor tak ada casino
1 Like · 4 weeks · translate
Lionel Essi
Only water fishes think got casino in johor XD good luck.
3 Like · 4 weeks · translate
yutaka tong
keep for 6 percent dividend..double than fd interest
2 Like · 4 weeks · translate
cheng
agreed with Vin, Michael. (1) Track records over the last two fiscal years showing GenM's intention of maintaining a minimum 15 cents yearly payout; 6 cents post Q2 and 9 cents post Q4. (2) Despite the headwinds in Q2'24, it is unlikely that the performance will be lower compared to Q2'22 and Q2'23.
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2 Like · 4 weeks · translate
Vin Cullen
I thought this year gaming stock started to move on... But seem like foreigner still focus on YTL, construction, property stock first..
Mistake... >. <
2 Like · 4 weeks · translate
Whack9e
我賣完了300,000
1 Like · 3 weeks · translate
虎头蜂
森林城市有项目,,,,才刚刚开始..........
Like · 3 weeks · translate
bppoh75 poh
沒有戏, boring company, see u in 2.40
1 Like · 3 weeks · translate
cheng
2.40 is unlikely; unless Q2'24 results is a negative surprise.
3 Like · 3 weeks · translate
tim foo
现在应该开始要加班了。
1 Like · 3 weeks · translate
cheng
S&P continues to believe that Genting Bhd will provide strong long-term support to its group companies, Genting Malaysia, Resorts World Las Vegas, and Genting New York, even under stressed conditions. This is mainly due to their strategic importance to the group's branding (Resorts World and Genting) and operations. S&P sees Genting Malaysia as a core subsidiary of Genting Bhd because it is integral to the group's business and strategy. Resorts World Las Vegas and Genting New York are seen as highly strategic subsidiaries, owing to their strategic importance to the group's expansion strategy in the U.S. While, Genting New York's and Resorts World Las Vegas's less significant ebitda contributions to the group limit their group status when compared with Genting Malaysia. S&P expects Genting New York and Resorts World Las Vegas will receive support under almost all foreseeable circumstances, because any financial distress in these companies will have significant implications for Genting group's reputation and global standing with gaming regulators.
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3 Like · 3 weeks · translate
散户的机会
很多人都说为什么每次我买股票的时候,一买就跌一卖就起….原因很简单,股票市场是反人性的。你认为它不可以的时候,它就起了….股票有很多种投资方式,短线就不说了,至于长线,首要的条件就是不要用到急钱….接下来就是要找到基本面好的工司和公司的未来的发展。选好了公司,最重要的就是这步骤了….就是(耐心)!记得一定要分批买入…..很多人就是输在耐心,说实话,这一part 不是每个人都能办到,甚至我自已,有时候真的很想止损,去买其它股,我真的有试过之前,止损YTL ,那时候股价跌到好像仙股,以为公司发生了什么事情,现在看回头YTL股价去到3块多了,最少200%…总结,我相信云顶也一样,一升的时候,什么都拦不住它回到最少都5-6块….(钱)往往是留给有耐心的人,巴菲特说的,不是我说的….
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8 Like · 3 weeks · translate
tim foo
说真一句,买到高位真的好难受的,买到低位的打死都要守,大不了收股息当安慰,起码至少不是那些柜台越买越低,没股息又不知要等到几时才有机会上升,就算等到回本了,什么都没赚到亏了时间,想到都激气。
2 Like · 3 weeks · translate
Michael Wong
4 年前据说低过3就是低位了,4年后会有可能说低过2就是低位吗。如是那就真的拿了股息亏了股价了。哈哈。
2 Like · 3 weeks · translate
tim foo
Michael wong,你看2020年的低位和2019的高位来比较时世,你就会明白是不可能的,除非有更加糟糕过2020时世的事情发生,那你所说的情况就会出现,也可以说,是大好机会。
2 Like · 3 weeks · translate
cheng
Sell if the reasons that led you to invest in GenM 4 years ago are no longer there :) After all, you have no controls over the headwinds/tailwinds. Have faith in your own plans. Personally for me, I bought the recovery and eyeing for RWNYC full casino license, Miami land sales and impairment reversal from the Mashpee Wampanoag integrated resort; barring any bizarre/sketchy business decisions. If these events are no longer possible, I will exit too.
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6 Like · 3 weeks · translate
tim foo
我以为今天等2.59加码的,可是没有到达。
1 Like · 3 weeks · translate
Yang Yang
量大都被压到这样,要回升都难……
Like · 3 weeks · translate
Tok Tiong
天天都有便宜票。收到没有钱了。
1 Like · 2 weeks · translate
Vin Cullen
根据指数market cap 计算。。。
Genm 将被踢出30大指数股。。。
1 Like · 2 weeks · translate
Tok Tiong
拖index后脚的股是应该踢掉的
1 Like · 2 weeks · translate
Vin Cullen
云顶在这几年可以算是最差的指数股。。。
2 Like · 2 weeks · translate
cheng
interesting discussions :) The next FTSE KLCI constituents review will happen in June'24 and Q1'24 results will be released by the end of May'24. Will the funds/institutions holding GenM push it to above 2.75 before the review?
3 Like · 2 weeks · translate
Vin Cullen
Cheng, do u think genm will remove from klci index component?
1 Like · 2 weeks · translate
cheng
The question is more important to the BODs and funds/institutions rather than retail investor like us, Vin :) Being removed from the list means other companies are growing in "market cap" and pushing it down to lower ranks in the top30 pie. Sliced the market cap down further and you will reach the element of positive price momentum apart from appreciation in market value driven by sustained earnings, dividend payout and etc. For the case of GenM, it is missing positive price momentum :) There should be some volatility in the event it is being removed from the KLCI constituents due to funds/institutions rebalancing actions.
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4 Like · 2 weeks · translate
Vin Cullen
Thx alot cheng...
The time will tell...
Then just wait for next qe..
1 Like · 2 weeks · translate
Tok Tiong
It is good for Genm to kick out from index. At least, we can hv more cheap ticket..
1 Like · 2 weeks · translate
cheng
You are welcome, Vin. Not expecting much surprises from Q1'24. Q2'24 is the one to watch and hopefully the impact from the temporary closure of two gaming facilities for renovation will be minimal. All is well as long as the quarterly ebitda remains at min 700M in FY2024
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3 Like · 2 weeks · translate
Vin Cullen
Cheng, I'm little worry If genm win the NY gaming licence... Don't think genm got huge money to settle.. Unless settle the miami land ASAP..
2 Like · 2 weeks · translate
cheng
Miami land deal and backing from Genting group, Vin. Its an existing facility and i do not think much capital needed to add the table games. In my personal opinion - the land sales will have to go on even without the NY gaming license.
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3 Like · 2 weeks · translate
Vin Cullen
Ya... Good luck to genm shareholder...
Wait for this coming qe... Hope don't turn Red...
2 Like · 2 weeks · translate
cheng
Unlikely to turn red, Vin :) numbers from RWNYC, Hudson Valley and Catskills from Q1'24 are better than Q4'23 based on the report from the gaming commission. I didn't recall any events in Q1'24 that could negatively affect the traffic footfall/hotel's revpar/ticket sales at Genting Highlands. It will probably take another 6 to 12 months to confirm the NY gaming license.
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5 Like · 2 weeks · translate
Frank Tan
One month school holiday+CNY, Genm Q1 must be GOOD.
3 Like · 2 weeks · translate
tim foo
Q2的4月也有马来年和学校特别假期。
2 Like · 2 weeks · translate
cheng
Agreed, Frank Tan and Tim Foo :) Profitable QR is expected and the challenge for GenM is to produce results that will earn positive rerating from analysts. We can only manage our own positions well until Q2'24 as we do not have visibility of the impact from the temporary closure of the gaming facilities plus margins erosion from 2% sst; full quarter performance. Min 700M ebitda per quarter translates to 2.8bil ebitda and that will be higher than FY2023 at ~2.6bil.
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3 Like · 2 weeks · translate
tim foo
好的Cheng,我们齐齐等业绩,也希望今年旅游年奇迹突破顶部。
2 Like · 2 weeks · translate
Ricardo Siau
262加碼1000lots
4 Like · 2 weeks · translate
cheng
Wow, Ricardo! You must have at least 1500 to 2000 lots now.
3 Like · 2 weeks · translate
Ricardo Siau
I'm sure you've got a crystal ball, Cheng!!! In 2012, the government did a 12% raise and GLCs followed suit with raise as high as 50% for their underperforming staffs to kick off the hyperinflation. As they're doing it again with a whopping 13%, hedging the hyperinflationary spiral with blue chips is imperative now
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3 Like · 2 weeks · translate
cheng
Good callout on the potential spiral effect, Ricardo. Will keep an eye on it and thanks for sharing :) Trying to add while keeping my avg low enough in such that dy is still >5% with 15 cents payout.
5 Like · 2 weeks · translate
tim foo
Cheng,这链接thestar说什么,不能翻译看不懂。
1 Like · 2 weeks · translate
cheng
The batang kali-genting highland road will be reopened back to the public by 1st of July, tim foo.
2 Like · 2 weeks · translate
cheng
It will be nice to have the two gaming facilities' renovation to be completed by then too :)
1 Like · 2 weeks · translate
tim foo
Cheng,云顶翻新工程速度应该好快赶好的,还有不知在新山会有什么活动搞作,应该还有好消息吧!不过如果是云顶新加坡的,不知会带动云顶大马吗?
Like · 2 weeks · translate
cheng
Are you referring to the recent rumours about casino in Johor, tim foo? Its fake news. Nevertheless, its a bad business model for GenM to participate in another casino or resort in Malaysia as it will cannibalize its footfall traffic as domestic tourism is the anchor at Genting while foreign tourists is a bonus/boost.
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3 Like · 2 weeks · translate
tim foo
Cheng,你说这个新闻开赌场我知道是不可能的,我是说柔佛大发展,如果关于GENM应该还有更好希望发展,我是想问,但如果是关于新加坡云顶好消息的,不知会带动云顶大马吗?
1 Like · 2 weeks · translate
cheng
Its two different entities, tim foo. No impact from operations wise. Both will affect the parent company though.
3 Like · 2 weeks · translate
tim foo
好的cheng谢谢你回复。
1 Like · 2 weeks · translate
cheng
You are welcome, tim foo. Genting Singapore will be the best bet to bid for Thailand integrated resort/casino in my personal opinion. Just in time upon completion of RWS2.0 which will probably take approx 5 years.
4 Like · 2 weeks · translate
爱丽丝
太重了。。。。。。。。。。。。
1 Like · 2 weeks · translate
cheng
its normal, 爱丽丝 Top 30 are mostly funds/institutions. They have higher vested interest compared to retail investors :) No chance for retail investors to push this without their participations. If GenM drops out from FTSE KLCI constituents, their investment returns will be lower and volatile until the next 6 monthly review. We just have to manage our own positions well.
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3 Like · 2 weeks · translate
爱丽丝
我票在2.61还可以啦只是时间问题罢了。。。云顶我还是很看好
2 Like · 2 weeks · translate
爱丽丝
2.62sorry............
1 Like · 2 weeks · translate
cheng
Agreed :)
1 Like · 2 weeks · translate
Vin Cullen
Vol 那么高。。才起1sen...
当我们是lulu...
1 Like · 2 weeks · translate
Soo Kai Ng
洗多一点要卖的人出去呗.
1 Like · 2 weeks · translate
爱丽丝
应该要等业绩出然后一枝独秀了。。爆冲
1 Like · 2 weeks · translate
cheng
Lol, Vin :) QR is around the corner. The bright side of it - balance between buyers and sellers. Let's just wait for QR to be released and we will know the outcome. Right now, Q1'24 release date is tentatively end of May which is two weeks before the AGM.
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3 Like · 2 weeks · translate
Eskimo 0308
GENM business is good. just worry the oversea operation drag the earning. hopefully QR report is good.
1 Like · 2 weeks · translate
cheng
You can bookmark the links below for the US operations, Eskimo :) You can compare the numbers yoy and by months. Q1'24 net revenue are pretty good comparing to Q4'23. Well, we have no visibility on the overhead costs though :) Apr'24 numbers started off pretty strong too.
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4 Like · 2 weeks · translate
cheng
Higher footfall traffic during festive season and tourism spending led to higher gaming and non-gaming yoy for Genting Singapore; 1st quarter of 2023 vs 1st quarter of 2024. The notable difference between it was the visa free program that started in Feb'24. Malaysia on the other hand started the visa free program for China visitors back in Dec :) All eyes on Q1'24 for GenM :)
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4 Like · 1 week · translate
cheng
It should stay at 2.75 or higher to be sure of staying in the top 30 FTSE KLCI constituents :) Come on funds/institutions.
4 Like · 1 week · translate
Raymond Fah
dialog is coming
Like · 1 week · translate
cheng
No more questions on the ownership of the land and the tribe has the full rights. Lets wait patiently for the possibility of the project revival and there will be no negative impact even if the tribe decided not to proceed with the integrated resort as 1.8bil has been impaired previously.
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4 Like · 1 week · translate
Mari Gold
airport is right behind kick genm ass
1 Like · 1 week · translate
Eskimo 0308
if park the Money in maybank should ok
1 Like · 1 week · translate
Raymond Fah
Leo
I'm also doing right that.
before usa cut the rating.
Like · 1 week · translate
散户的机会
让我们一起喊3.5 , 3.5 ,3.5 ….三块半
最少都会到3.5 , 我说的 ….牛市来临,其他股都去到他们应有的价位,剩下来的股也跟着的,多少少耐心,不等也等了5年…
2 Like · 2 days · translate
Tok Tiong
云顶就是稳。买云顶是为了安全感。。
2 Like · 1 day · translate
Frank Tan
双双威和双YTL都去到顶,这双顶还没到顶耶??
1 Like · 1 day · translate
cheng
Q1 performance around the corner. volatility ahead driven by funds rebalancing :)
3 Like · 15 hours · translate
Vin Cullen
I thought qe will announce today... Keep waiting
Like · 12 hours · translate
Kingsley King
I guess will be on Thursday if you refer previous record of QR release
1 Like · 11 hours · translate
cheng
could be Monday
1 Like · 11 hours · translate
Lionel Essi
Sure fly because of free visa entry. Good luck
1 Like · 11 hours · translate
Nick Chung
sure or not... later do show give impairment .. xD
1 Like · 11 hours · translate
cheng
buy the dip so long there is a min 15 cents dividend payout per year and when the share price is still below 2.9 :)
1 Like · 8 hours · translate
Nick Chung
market been really hot on other stocks recently so short term investors should be already drifted away from genm ...
1 Like · 7 hours · translate
cheng
the big move will probably come year end or by mid of next year
1 Like · 7 hours · translate
Nick Chung
I don't own any Genting stocks atm , wish you guys all the best
Like · 7 hours · translate