The theme is prosperous nation, well being of the people. Prosperous nation - higher GDP increased economic activities; should be seeing fiscal spending here. Well being of the people - higher disposable income; should be targeting subsidies related. People happy, market gogogo?

Genting's growth will be phenomenal with RWS2.0 and assuming RWNYC successfully secure the full casino license. Well, there is the wild card on hands which is TauRx. You can see the strategy TauRx is pursuing now. UK Mhra first and results should be out by 1st Dec assuming 1st July is the acceptance date. I bet TauRx will only make a move for US and Canada followed by Europe after UK MHRA

depending on what you are eyeing, tim foo. I am eyeing for growth opportunity of RWNYC full casino license and the results will only be available next year. As such, I cant be adding every week :) From risk perspective, its budget day, I have positions on hands; hence, no rush to add though we did not see any commentaries from the media/economists/tax experts on sin tax that could hit Genting/GenM. RAV Bahamas court case surfaced a potential good news - exit from Bimini business which is part of the US segment.

you are welcome, tim foo. assuming GenM maintain min 15 cents dividend yearly, you would have collected a total of 24 cents dividend per share from end of last year to Apr'25. And if I am not mistaken, your avg price is around 2.45 and that means it will only be attractive for you if market price is at 2.20 and lower. just my opinions, could be wrong. hope it helps.

肯定影响不到GENM

赌场员工的工资都3000以上了

哈哈哈哈啊！

I have not heard of minimum wage salary impact for Genting in the past. probably their employees' salaries are way higher than that. Such salaries are typically operators in the manufacturing/production, domestic helpers, lower level workers in public services perhaps.

预算案正在解锁来临的通膨，就这样。。。行政预算始终被我认为是国家发展的绊脚石没法改变。减轻国债是有看到政府努力着，虽然效果不彰，能闻到算OK了。各大行代表出来歌功颂德，那就有点恶心了。其实看到来就只是平平无奇的报告，看下来的政策吧！最后，大家再努力一点，国家破记录的税收需要保持。备注：牛身上是取不到羊毛的

ermm... not so straightforward, kok boon liu. different fiscal policies that gov can adopt and pretty much depends on the state of the nation. you either go with (1) fiscal expansion - increase spending and cut taxes to reverse economic downturn. we saw this during the pandemic phase. often it ends up with economy recovery, higher budget deficit, higher national debt level and inflation goes up (2) fiscal contraction - reduce spending and increase taxes to slow down economic activities to control inflation and reduce deficit, reduce debt. Our government doing its due diligence to prevent further burden to national debt while being conscious about the need to move the country forward - prosperous nation, well being of the people. So, opt for the middle path (3) fiscal consolidation - control spending, some form of tax increase to reduce deficit and manage the debt better. That's what you are seeing from this budget - reduce subsidies, tax increases in certain areas, no wow factor on massive spending or no curse factor on tax increase :), increase disposable income for lower income groups, higher minimum wage. Domestic tourism and retailers will benefit from this.

money supply or the interest rates are part of the monetary policy, Nick; central banks if you will. Basically, government uses fiscal policy and monetary policy to manage the economy. One might think of control spending means less money for growth. Not really as lower interest rates can boost growth and high capex companies / tech companies favors low interest rates :)

alright, kok. the translation to english mentioned something about takes away capital from the market. Not sure if thats the meaning. I didnt notice anything on capital inflow and capital outflow related policies from the budget presented. Nevertheless, these are the topics for economists/gov.

Thanks, kok. I am in the opinion that Kamala Harris will win based on the market behavior. The rationale behind my thinking is that policies will change when different party is in power and hence market will be spooked. Looking at the financial market behavior, it's not showing signs that Trump/new administration will win. Just my opinions, could be wrong. Hope it helps.

noted, tim foo. I will wait until next year for the results of RWNYC full casino license bid. Additional bonus if Genting/GenM sell off the Bahamas segment. My only expectation for GenM in its quarterly report is to stay above 700M ebitda quarterly. No taxes/levies hit for Genting/GenM from the budget which is favourable factor. Forex is beyond its control but its favourable for GenM now. Interest rates is down which is also favourable for GenM. Management has been singing the tune of reducing interest expense which leads to deleveraging which is a big positive for GenM in the long run. Exiting Bahamas segment bodes well for its ebitda and helps with deleveraging. For me, i am looking at the following - min 700M ebitda quarterly, deleveraging over time, RWNYC full casino license. I will exit my position if the following factors are no longer meeting my expectation by next year end :)

Interesting commentaries from Moody's - On the regulatory complaint pertaining to the group’s operations at Resorts World Las Vegas LLC and a complaint by the minority shareholder of Resort World Bimini in the Bahamas, Moody’s does not expect these to result in significant financial damages and disruptions to operations.

As Is - there is no disposition from Nevada Gaming Commission yet for RWLVS complaints stemming from Sibella court case since Apr'24 while federal court has sentenced Sibella to one year of probation and a fine of $9,500 for violating a federal law requiring casinos to know the source of their customer’s funds and file a suspicious activity report. Perhaps NGC is also waiting for Genting to respond back to the complaint and to decide thereafter. https://gaming.nv.gov/gaming/complaints/stipulations/