Come on, Genting Malaysia, throw your shareholders a bone here!🦴
Alright, folks, get this: Genting Malaysia (KLSE:GENM) just pulled a financial Houdini, turning a profit of 57.8 million ringgit in the first quarter, after losing 27.4 million ringgit last year.
Earnings per share jumped to 0.0102 ringgit from a loss of 0.0048 ringgit. And their revenue? It soared to a whopping 2.76 billion ringgit from last year’s 2.28 billion ringgit. They’re rolling in cash like Scrooge McDuck in his money bin.
But hold on, don't pop the champagne just yet. Despite all that cash flow, guess what the board decided on dividends? Absolutely nothing. Not a single ringgit.
And how did the market react? Shares took a nosedive, dropping over 4%. It’s like acing your finals and then telling everyone you’re not throwing a graduation party.
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ahpek0604 : It seemed to throw a stone...
Lefteris OP ahpek0604 : They throw a grenade for you![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
PokaiTrader : Baffles me how/why analysts call higher but share prices go other way:maybank-ke.com/...
From current 4.85 they call a TP 5.84 within 12mo.?????
PokaiTrader : Approaching support zone 2.60, accumulate! Big fish dumping this qtr otherwise "stellar" turnaround results.
101682325 : Penthouse stock