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$MAYBANK (1155.MY)$ if i buy now, will i be included in their around-the-corner dividends payout?
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Columns CreditSights: The credit outlook for Genting's dual giants is good this year, but bad next year.
(Kuala Lumpur, 20th) Fitch's credit market research agency CreditSights believes that the demand in the Gambling, Leisure, and Hotel Industry remains robust, thus Genting's $GENTING (3182.MY)$ and Resorts World Genting Malaysia $GENM (4715.MY)$ credit outlook is expected to gradually improve this year.
However, the institution also mentioned that the credit outlook for Genting's dual giants will deteriorate next year, primarily due to accelerated investment expansion.
In a report, CreditSights analysts noted that supported by robust demand in the Gambling, Leisure, and Hospitality Industry, the credit outlook for Genting and Genting Malaysia is expected to gradually improve in the fiscal year 2025 (ending December).
The analyst also predicts that Genting and Genting Malaysia's revenue and EBITDA will increase between 3% and 7% this year.
In terms of capital expenditure, the analyst estimates that this year Genting will only slightly increase its investments, but next year, affected by the expansion plans of Resorts World Sentosa (RWS) and Resorts World New York, investment will accelerate.
"We anticipate that Genting's free cash flow will come under pressure in the fiscal year 2026 and turn negative."
Therefore, although the outlook for this year is optimistic, the analyst believes that the credit outlook for Genting and Genting Malaysia may deteriorate next year.
"The capital expenditure for Resorts World New York is expected to be substantial, and Genting may primarily raise..."
However, the institution also mentioned that the credit outlook for Genting's dual giants will deteriorate next year, primarily due to accelerated investment expansion.
In a report, CreditSights analysts noted that supported by robust demand in the Gambling, Leisure, and Hospitality Industry, the credit outlook for Genting and Genting Malaysia is expected to gradually improve in the fiscal year 2025 (ending December).
The analyst also predicts that Genting and Genting Malaysia's revenue and EBITDA will increase between 3% and 7% this year.
In terms of capital expenditure, the analyst estimates that this year Genting will only slightly increase its investments, but next year, affected by the expansion plans of Resorts World Sentosa (RWS) and Resorts World New York, investment will accelerate.
"We anticipate that Genting's free cash flow will come under pressure in the fiscal year 2026 and turn negative."
Therefore, although the outlook for this year is optimistic, the analyst believes that the credit outlook for Genting and Genting Malaysia may deteriorate next year.
"The capital expenditure for Resorts World New York is expected to be substantial, and Genting may primarily raise..."
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$HEXIND (0161.MY)$ Is Luckin Coffee in Malaysia that weak?
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$HEXIND (0161.MY)$ Damn steady la this counter.... never move one. Sigh... all green they still remain the same.
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$TOPGLOV (7113.MY)$ Up up and away 🦸♂️
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$TOPGLOV (7113.MY)$ Measles outbreak is happening in USA now.
Measles outbreak spreads as 250 cases reported across multiple states
Measles outbreak spreads as 250 cases reported across multiple states
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$GENM (4715.MY)$
price now already deduct the dividend today ?
price now already deduct the dividend today ?
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103230783 AverageInvestor OP : So far they have a 2/Year dividend payout. next ahoukd be in Sept.