delayed response to the risks that surfaced end of last year, mint :) more to come at least until Apr. Its raining and thunderstorm out there. Dont go out there and stay in Genting first; dividend, growth plans and no impact to min wage, tariffs, supply chain. Beneficiary of lower interest especially in the US and will probably see further interest cut only in second half 2025.

One quarter at a time and just continue to monitor any risks that could impact the footfall traffic or its ability to generate cash from its operations. Everyone's risk tolerance, liquidity situation and rate of returns are different too. Manage your own positions well will do :)

You survived the Aug'24 RWLV complaints + Hard Rock Hotel rooms capacity taken down for renovation period, Vin. This is nothing compared to the few months period. Btw, did you manage to get some tickets during the Dec'24 or Jan'25 period? If yes, you dont need to do anything now until post QR results and in Apr. Well, depending on your own liquidity.

You are welcome, Vin. I am waiting for RWLV complaints closure status. The worst fear that started back in Aug'24 was license being revoked and coupled with RWS2.0 short term disruptions. That sent the share price spiralling down and created opportunities for low price entries :) What we may see in the future QR depends on the conclusion. Scenario #1: If license revoked, US segment kaput. This is unlikely given the independent oversight being put in place. Scenario#2: If it is just monetary fines, the recognition of the monetary fines and journal entry comes into play. The fines will be captured as part of expense and the impact is accounting profit goes down, liabilities may temporarily increase until full settlement with cash. Cash will go down and liabilities will reduce again upon settlement. Scenario #2: May provide an opportunity to add given the reaction on accounting profit/loss :)

Morning Vin, TN. I was hoping for net cash from ops to go up to 7bil and hoping for 10 cents dividend instead of 9 cents. It delivers 7.1bil and 5 cents dividend instead. So, I am sad LKT hoarding the cash instead of distributing it to shareholders. Lol, no pun intended. Capex are really strong and probably a lot going on and need cash. Still, it didn't meet my dividend expectation :( Full year performance: topline up 2% bottom line down 5%, mgmt indicated due to forex and higher cost. I looked at the leisure and hospitality segment's performance comparing q3fy24, q4fy24, FY2023 and FY2024 revenue, adjusted ebitda and its margins. MY and SG segment adjusted ebitda margins are really solid between 30% to 40% qoq and yoy, UK segment is still the same which is normally between 10% to 20%. US segment (GenM's US & Bahamas + Gent RWLV) is a negative surprise; from mid twenties to 14% yoy probably driven by higher expenses. I can understand FY2023 was a high bar to achieve for RWLV but q4fy24 is disappointing; higher revenue lower adjusted ebitda comparing with q3fy24. Its single digit adjusted ebitda margins. MY segment and SG continue to grow, US segment Q4FY24 is lagging. It makes sense why they are bringing in a CFO for RWLV now. If they dont do so, it is possible to report adjusted lbitda instead of adjusted ebitda in the future. Just my opinions, could be wrong. Hope it helps.

Morning cheng! Dividend decrease will help company too... Hope is just temporary... Let's see today genting will break 3. 52 or not... Alot investor seem like start to stop loss...
Dividend leases than mco...
Donno what they planning to do next... Myself will hold till end of 2025.... Waiting for surprise :-(

@TN
Old habit dies hard. Genting Tan will inherit Thai's salary and Thai will continue to enjoy his salary when he was the ceo. No worries, Genting cash flow still very strong :). Resort World Genting in New York very huat, ebitda easily 400 million.

What to do.. adamant to overseas expansion. Lower dividend propose by GenM also due to conserve capital for New York need US5 billion and Thailand US3 billion if successful bid.. sell all underperformed overseas assets and maintain GenM and GenS while diversify more stable revenue like green energy and power and plantations better.. if enter those with limited license less competition..

Confirmed GenM bidding for Thailand? Agreed with Ricardo and hopefully Mr. Tan will change the idea of Thailand. Should not repeat Kien Huat Realty-Empire mistake. He should focus on RWLV with the new BODs as q4fy24 performance for RWLV should be addressed; hopefully a cyclical thing instead of structural. It took one and half year to ramp up to FY2023 performance and softened starting second half of 2024.

I will not discount the possibility, Sebastian. Reducing the dividend payout is a huge blow to income portfolio for many :( A typical 40% market crash stress test simulated last year based on 5.00 is almost there in 8 months time; 3.00 if you will. I was thinking ok market price is now 4.00, lets start buying in batches until 3.00. Within a blink of an eye, its almost there after 2 batches.

Thailand casino is bad for genting lar in my view. It is only 2 scenarios. 1. New competition eat up South East Market share. 2. Genting win the thailand casino, market share maintain but operating cost increase.... that why people sell off...Dato Tan should either Win Thai casino and close Genm or choose not to win and compete fairly for market shares....