understandable, Eddy. following are my perspectives - I believed the emotional cycle for Gent is at anger/depression phase which means market is at the bottom. I am looking for transition/start of hope/recovery phase. The recent rating agencies downgrade of Gent did not push it to a new low; sep'25 double bottom. It seems to me the following (1) price no longer making lower lows (2) downgrades/bad news unable to push it lower (3) currently developing - low volatility, sellers exhausted, buyers defending double bottom. Technical seems to show hope phase is underway. This has to be supported by fundamentals and in this case; the performance of US assets - the earnings of US assets are weak/poor ebitda margins in the past and I am looking for signs that its stabilizing and not making lower ebitda margins / higher losses to confirm the bottom if you will.

Genting Singapore is expected to sharpen its operational performance at Resorts World Sentosa (RWS) following a series of senior management appointments and the completion of major renovations, according to an assessment by DBS Bank.
The report highlights the arrival of Si Chen as Chief Operating Officer in November 2025. Chen, formerly head of INSPIRE Entertainment in South Korea, is credited with steering that resort to profitability within its first year.
DBS said the executive’s experience and network could help RWS attract international events and high-value customers from markets including Russia, Taiwan and Japan. ‘We believe Chen’s appointment will help RWS to strengthen its international appeal and broaden its customer base,’ the bank noted.
Other hires, such as Lena Lee – who joined as Executive Vice President for Attractions and Destination Experience in January are expected to boost the property’s attractiveness. Previously with Universal Studios Japan, Lee is expected to reinvigorate Universal Studios Singapore, which has struggled to maintain visitor momentum.
DBS wrote: ‘Lee’s track record in revitalizing attractions is encouraging, and her leadership could be pivotal in refreshing the destination experience at RWS.’
The bank added that Genting Singapore’s renovations at RWS are largely complete, positioning the resort to defend and potentially expand market share in 2026.
It also pointed to strong Chinese New Year tourism and increased flight capacity from China as factors likely to boost gaming volumes in the first quarter. ‘With the bulk of renovations behind them, RWS is better placed to capture incremental demand,’ the report stated.
Industry trends also appear supportive. While Genting Singapore has ceded some market share to rival Marina Bay Sands, DBS said the broader gaming environment remains constructive, reducing concerns of a repeat of the sharp volume decline seen in late 2024.
The bank expects Genting Singapore’s EBITDA to rise modestly this year, driven by stronger gaming contributions, though softer hotel room rates may weigh on profitability.
‘Operational improvement is required to sustain higher performance, but early signs are encouraging,’ DBS concluded.

RAV Bahamas's legal team quit and stop representing them - PAPERLESS ORDER granting153 Motion to Withdraw as Attorney. It is hereby ORDEREDAttorneys Alexander Esteban, Robert Gallinar, Javier Angel Reyes, Armando Rosquete, Veronica Maria Vicente, and Bell Rosquete Reyes Esteban, PLLC are hereby withdrawn as counsel for Plaintiff in this case.

its alright, man han. hope it is not a big loss for you. losses are normal as long as you stick to your own trading plan. you can take a break first if you have been losing in Genting's trade or move to other counters.

lets just wait for Thursday and we will know the outcome. I have not been looking at the net profit figure in the past but rather the net cash from ops and ebitda margins; which were dragged down by US assets.

I think the results is consistent with the previous qtr trending - stronger non gaming and weaker gaming. The full year results has shown the exact situation. I think it's a good sign for the long term given China's gaming restrictions on their citizens.

US assets weakness is an open secret and depending on how much has Mr. Market priced it in. 2.5 to 2.6 is possible if SG and MY assets reporting real losses from the ops and a loss of cash generation; the anchor assets deteriorating if you will.

the thing about Taurx is that they did not disclose the details of rfi from uk mhra. the only one that I am guessing is the peer reviewed phase 3 clinical trials paper which was published in the journal recently. So, I would say Taurx is finally making real progress towards uk mhra maa. NICE approval will be the following step upon maa approval for nhs use.

possibility of approval is higher with the peer reviewed clinical trials results, vin. possible at least a conditional marketing authorisation (CMA) / exceptional circumstances if not a full marketing authorisation. The criteria for CMA - the balance of benefit and risk of the medicine is positive, it is likely that the applicant will be able to provide comprehensive clinical data following authorisation, the medicine fulfils an unmet medical need, the benefit of the medicine’s immediate availability to patients is greater than the risk inherent in the fact that additional data are still required.

been keeping track of their ebitda margins since 2024 and rwlv dipped from 20%+ to less than 10% and genm's US assets dipped from close to 30% to below 20%. Lots of capex spent on these US assets and to see ebitda margins below 20% is awful :( I am using SG assets 30% ebitda margins as the baseline for comparison. Need to see signs of stabilization before recovery. And to observe whether its a structural change or temporary. Not much expectation for UK markets as its smaller and didnt consume much capex.

honestly, net profit at this juncture for gent is secondary comparing to cash flow from the operations; at least until 2030 due to heavy capex requirements for GenS, O&G and committed investment for RWNYC. Capex / cash outflow from investing will rise to estimate 8 bil per year. As Is - the net cash from operations is at 7bil plus yearly.

nevada gaming ggr and ngc ggr showing flattish ggr comparing to q3. All is well as long as the outlook is not worsening. The 3 new casino license (including RWNYC) will probably impact ngc ggr in the future due to cannibalisation of footfall traffic.

@mrs xlg, 2 subsidiaries reported poor results, market not expecting good quarter looking at the share price, last but not least spent a fortune in NY license and privatizing GenM at 2.35. they could just impair the losses since now GenM at 2. not forgetting higher interests incurred.

Cheng, I been there many times..
just to share my experience...
mbs look more grand than rws... especially the casino ..
look more high class...
rws casino ..like old unty uncle there.. the environment...like resort...
depend on which target bring u go there..
if with family... absolutely rws is a good choice... but family travel .. seldom gambling...

Ah... You preferred MBS casino more than RWS casino :) no wonder MBS is doing well. Let's see whether the new team that they brought in will be able to win back the market share that they have lost to MBS.

already suspected that the boss would use the similar approach to squeeze down the price. the question is why? some said he might want to privatize Genting Berhad as well. tomorrow probably straight down to 2.50 and next week would be touching around rm2 if history repeats itself as in Feb/Mar 2025.

GG. COM......


BBQ........

TAKE GOOD CARE.

fuhh... boss is worried of rowdy AGM and hence decided to give 5 cents dividend for Gent and 7 cents dividend for GenM? Overall leisure and hospitality segment for Gent group showing softer revenue for q4 comparing to q3 except RWLV which is higher than q3. UK assets is a surprise comparing to q3fy25 and ebitda margins is better than the US segment; >20% impressive if you will. RWLV ebitda margins inching up comparing to q3fy25 but not significant enough still below 10%. Catskills, Hudson Valley, Bahamas and NYC same2 below 20% still. Its still the US assets dragging.

cheng, now you know what I have been saying that the boss could use creative accounting and impairment to deliver poor results. The question now is why he insisted in doing so for the past few years. what is he aiming for?

Total borrowings will continue to spike up. When company goes on debt binge, ratings will drop and financing will get even more expensive. Returns vs risks have to be lucrative to justify huge overseas investments. GenS huge CAPEX due to licensing extension conditions although adequately financed by ROI over the years.

I have no idea what he is aiming for but here's my perspectives which could be wrong based on the numbers, Eddy. The boss is telling the funds/insti that he is managing the situation and within control. Lol, no pun intended. Here's the logic - GenM nosh is at 5938.04 mil and 7 cents dividend translates to 415M payout. But Gent owns 73.13% which means 304M goes to Gent and 111M goes to minority shareholders. Gent nosh is at 3876.90 mil and 5 cents dividend translates to 194M. Gent is receiving 304M but paying out 194M and keeping 110M. (1) 1st message is probably to tell the funds/insti that he is strengthening Gent's balance sheet. Now, its an open secret that Gent's capex requirements for the next few years will be high and RWNYC table games is targeted to go live sometime mid of this year. There is the situation of the timing of capex needs (outflow) versus prospects of recovery from RWS / RWLV / contribution from RWNYC table games (inflow). (2) 2nd message boss is probably hinting to funds/insti - Stay with Gent and I am retaining the cash within Gent and managing the cash flow of the group. Boss is paying out modest div but conservative to maintain investors confidence given the capex needs timing; manageable if you will.

Current share price is already lower than during financial crisis period of 2008. With so much hatred for the stock, it will be price accordingly over time. Will it head towards the share price during financial crisis period of 1998, if aggressive US investments go awry :-|

yesterday u missing mana? where s your profit n rm3? still dare to bark here. keep some face and admit your wrong. it s ok not to be correct all d time and don't bark around telling me skl. set a better role model to your next generation..l

u should ask why no profit? why no 3.3? not why no 2.60. If you wanna know why, pay some consultancy fees. don't skl skl here like a mad person. wanna skl, go up genting and bet all on the casino table and shout all the picture picture skl as u want. I wish u ham ka fu guai in Genting

enlighten me on your findings in the report since u already analyze it and understand it why no profit and why no forex gain as what you have been hopeful for. don't just skl skl all d time. I gave u my opinions on why won't have good results and it appears to be true but u just gave me skl. nothing else

Is it confirmed? If the previous announcement which is selling of the non-gaming assets to Sullivan County and how Empire plans to use the proceeds remain the same, then, it is definitely a GOOD news, Vin. Here's the logic - Empire has a 300mil bond expiring end of 2026. The proceed from the sale (~525mil) can then redeem the bond. And the previous announcement mentioned that Empire will buy the land outright from EPR properties and becomes the land owner for 200mil. Balance proceed will be around 25mil. These transactions strengthen Empire's balance sheet; reduce debt, lower interest and get to own the land.

EPS has been skewed to the positive by the ‘asset-light’ sale-and-leaseback of Empire Resorts’ non-gaming properties, while being negatively impacted by license costs.

So perhaps shareholders shouldn’t read too much into the Q4 EPS,  or at least be aware of the noise. GENM sold a golf course and hotels for $525 million (RM2.2 billion).

thats the difficult part with Gent's corporate structure, Vin. hundreds if not thousands of companies :) Not easy to see what's going in Empire. The link seems to be the only source talking about it. Gent owns 73.13% of GenM and that means a higher profit/loss attributable to owners; flowing into Gent if you will.