yes, it is 鄭崇聖. Interest rate cut has been the topic since early this year. Powell mentioned benchmark rate moving towards neutral rate :) Which means we will continue to see gradual cut going into 2025. And US Fed believes the US economy is still strong. When the economic situation changes for good or for bad, a new neutral interest rate will be calculated. And then, Fed will then make the adjustment accordingly moving towards the new neutral rate. So, if US economic indicators showing that its slowing down, a new neutral interest rate will be lower which will then lead to bigger rate cuts to move towards neutral rate. Just my opinions, could be wrong. Hope it helps.

its approx 150M for every 4.5% weakening of USD, Vin. Q2'24 USDMYR rate is approx 4.7 and Q3'24 end of Sep rate is approx 4.1; equivalent to ~12.5% weakening. Lets just take the average will do which is ~4.4 exchange rate. That will give us approx 8% weakening of USD which should translate to 200M++. Just a rough estimate and could be wrong.

Lets just wait for the results, Vin. After all, I do not think funds/insti will make a move if Q3 earnings is below 250M net profit. In fact, GenM has to produce 250M for Q3 and Q4 respectively in my personal opinion to demand a valuation of min 3.00 :) Funds/insti are the driver for such big cap stocks.

There is opportunity for Genting to hit the headlines within these 3 months based on the 150 days approval process from UK MHRA, Vin. The baseline assumption is no progress after so many years :) So, marketing authorization approval is big positive surprise. 20th +/- 2 days in Nov and Dec. The last date will be on the 23rd of Jan'25 based on the assumption that UK MHRA accepted the data/docs submitted for marketing authorization in Jul'24.

really? Didn't know I have such jinx power :) Lol, no pun intended. I am just a small fish in genm/genting. It should be directed to the funds/insti that collectively increased their net short positions to above 60M while on the other hands, the IBs are issuing overweight/buy calls with different TPs.

but cheng, I hard to think us fed will continue to cut interest rate when 2025 due to estimated inflation rate will increase soon ( so many hot money pump back to America,again)...for my opinion,Us Fed will be cut twice times more,when interest rates come to 4%,it will be stop or add rates soon

That's how the US Fed works, 鄭崇聖; benchmark interest rates towards neutral rates. As far as I am aware, the current neutral rates baseline is at ~3%. Hence, we can expect "gradual" interest rate cut instead of aggressive cut towards 3% due to the current state of the economy.

Tq for the compliments, Whack9e. Just sharing my opinions and insights based on the facts available :) Will continue to share as and when information is made available. As Is, Genting America is expected to file the response to RAV Bahamas by 22nd Nov. And GAI's panel of lawyers is led by Philip Stein. Names of 4 more lawyers submitted to the court making a total of 5 lawyers :)

Lets look forward to the Q3 earnings report and followed by market cap position of GenM at the close of trading on 25th Nov :) For now, funds/insti have increased their net short positions in anticipation of index funds rebalancing assuming GenM is removed from FTSE KLCI constituents.

I am still holding it, tim foo :) Price below 2.24 is the start of running loss for me :) I will wait for Q3 results to be released first. Will add if Q3 net profit is at least 250M. Else, will just wait instead of going against the current momentum :)

following are my opinions on PA based on quick read on its latest annual report, tim foo. Just my opinions, could be wrong. Hope it helps. Please consult the professionals if you have to. I did not perform any valuation as it will take a longer time to do so. (1) I did not see any financial risks from the balance sheet as cash >> total liabilities and looks to me a conservative style of mgmt. Decent payout in terms of dividend comparing to how much it is making. (2) pg16 calls out the business risks and that tells me it is a highly cyclical industry. There are 2 elements that you can monitor easily - usdmyr and aluminium price. As for the demand, you have to keep an eye on its major customer. Looking at the recent trends, it looks to me that USDMYR is the one driving the recent price actions. Every 10% weakening of USDMYR rate is equivalent ~RM9M decrease of PAT. And, usdmyr is relatively active this year compared to aluminium price and PA price trend correlates to usdmyr trend. While usdmyr has strengthened a bit over the last two months, its still down by ~6.5% from the peak in Apr'24. Its safe to assume that PAT for FY25 is trending to be lower by ~5.8M compared to FY24. Aluminium price is relatively stable at $2500+/-$200 per metric ton. (3) major geo is US and one major customer contributing to ~85% of its total revenue; should be First Solar. This is a risk that you need to price in into your price. No financial risk but high dependency on single source of revenue. You need good margins of safety. Additionally, Donald Trump is not a fan of solar energy given the dominance of China's solar panels but you may see First Solar shifting its focus to made in US panels. You can keep an eye on First Solar earnings call to give you a grasp of what's going on that could potentially affect PA from demand perspective. For now, it looks like First Solar has revised down its net sales guidance. https://investorshangout.com/first-solars-q3-2024-earnings-call-highlights-and-insights-107101-/

net profit in FY24 is 45.7M and FY25 is trending lower due to weaker USD/MYR rate and trending to ~40M ctd assuming everything else equals. Instead of performing a full valuation exercise, you can use the PE method to estimate price. A PE10, 40M net profit will give it a price of 0.265 which is pretty close to current market price. Its a bit lengthy but hope it helps to add value to your own analysis, tim foo.

relief plan will be known by the 25th of Nov, Nick :) For now, funds/insti have pre-positioned themselves by increasing their net short positions. Current trend seems to be driven by the ftse klci constituent index fund rebalancing instead of financial performance:) Small fish like us can only wait for panic sell opportunity. cooler heads prevail.

low interest rates will be good for hotels and resorts - capex if you will, Nick. We wont be seeing new licenses being issued every month and hence, not expecting capex for new casinos in general for the industry. However, you may see IR operators capex spending on hotels retrofitting/upgrades, theme park/entertainment capex and probably some on the slots machines/tables - replace old slots/table games.

Not a concern, 鄭崇聖. The casino license exclusive rights were given to both RWS and LVS Marina Bay until 2030. A further review will take place by then and unlikely to see entrance of new players unless SG gomen/tourism board wanted these two to exit the island :) As for casino license renewal - its a normal periodic review process. Indeed the usual given timeframe is 3 years and the reason given for two years is unsatisfactory tourism performance between 2021 to 2023 :) Those are recovery period during pandemic :) My personal opinion is that gomen wanted GenS to probably speed up the completion of RWS2.0 and pump the money into the island aggressively :) Current plan by GenS is to have RWS2.0 completion by 2028. LVS Marina Bay has also requested for extension to its original plan for capex which could not be completed by 2025 previously or face losing its license. The next review for LVS Marina Bay is Apr'25.

I believed so, Eddy. And lets not forget Thailand is making a move on the other end :) And GenS will most likely be the one bidding for it from Genting group perspective. LVS has been eyeing Thailand as early as 2015 :) So, makes sense for SG gomen to react first - securing the investment deal is not good enough now. It has to be Done and Dusted :) Lol, no pun intended.

yes it is. attractive but wont add until the performance report is out, Nick. Will add if the report showing min 250M earnings at the back of 700M ebitda. Not gonna do anything otherwise from the earnings perspective. The volatility from KLCI constituents change will start from now until last week of Dec from the index funds rebalancing. There should be opportunity and hopefully price dated back to early 2000 :) Waiting for the volatility.

There will be volatility from index funds rebalancing, Selina Lim. The current market cap position by the end of trading day today will be showing GenM meeting the condition of removal and Gamuda which is in the reserve list went up to top 25 which is meeting the condition of inclusion to the index.

Volatility is expected, Soo Kai Ng. Index funds will have to exit as GenM is no longer an index constituent. Funds/insti on the other hands can increase their net short positions instead of selling out to leverage on the current momentum.