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voted
I. Building a Moat on the Liability Side
In the face of generally narrowing net interest margins in Southeast Asian banking, Public Bank's 5.1% growth in net interest income demonstrates unique resilience.
The core secret lies in the hybrid model of "community banking + intelligent transformation" - by deeply binding stable customer groups such as civil servants and teachers, the proportion of low-cost deposits has long been a...
In the face of generally narrowing net interest margins in Southeast Asian banking, Public Bank's 5.1% growth in net interest income demonstrates unique resilience.
The core secret lies in the hybrid model of "community banking + intelligent transformation" - by deeply binding stable customer groups such as civil servants and teachers, the proportion of low-cost deposits has long been a...
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103831482
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The quarterly performance turned red, and the key figure, Tan Sri Lim Kok Thay, has left the management team. $GENTING (3182.MY)$ Genting and $GENM (4715.MY)$ Genting Malaysia's stock price suffered a double blow today, with the Market Cap of the duo evaporating by more than 3.3 billion Ringgit overnight!
Genting (GENTING) saw a drop of nearly 12%, while Genting Malaysia (GENM) experienced a more severe decline, plunging by as much as 16%.
Due to adverse Forex conditions and the weakening of Leisure and Entertainment business, Genting and Genting Malaysia both turned from profit to loss by the end of the 2024 fiscal year (as of December), with net losses of 0.1 billion Ringgit and 0.4 billion Ringgit respectively.
At the same time, Genting also announced several personnel changes, including Tan Sri Lim Kok Thay stepping down as CEO after nearly 20 years in the position to become Executive Chairman.
Meanwhile, President, COO, and Executive Director Dato' Sri Chen Guanghan will assume the role of CEO, effective from March 1.
Chen Guanghan will also step down from the position of CEO of Genting Plantations. $GENP (2291.MY)$ The CEO position will be taken over by the current Deputy CEO Dato' Indra Lin Konghui, also effective from March 1.
Lin Gonghui is the eldest son of Lin Guotai.
Source: Nanyang Siang Pau
Disclaimer: This content is for reference and educational purposes only and does not constitute any specific investment, investment strategies, or endorsements. Readers should assume any risks and responsibilities that may arise from relying on this content. Before making any investment decisions, it is essential to ...
Genting (GENTING) saw a drop of nearly 12%, while Genting Malaysia (GENM) experienced a more severe decline, plunging by as much as 16%.
Due to adverse Forex conditions and the weakening of Leisure and Entertainment business, Genting and Genting Malaysia both turned from profit to loss by the end of the 2024 fiscal year (as of December), with net losses of 0.1 billion Ringgit and 0.4 billion Ringgit respectively.
At the same time, Genting also announced several personnel changes, including Tan Sri Lim Kok Thay stepping down as CEO after nearly 20 years in the position to become Executive Chairman.
Meanwhile, President, COO, and Executive Director Dato' Sri Chen Guanghan will assume the role of CEO, effective from March 1.
Chen Guanghan will also step down from the position of CEO of Genting Plantations. $GENP (2291.MY)$ The CEO position will be taken over by the current Deputy CEO Dato' Indra Lin Konghui, also effective from March 1.
Lin Gonghui is the eldest son of Lin Guotai.
Source: Nanyang Siang Pau
Disclaimer: This content is for reference and educational purposes only and does not constitute any specific investment, investment strategies, or endorsements. Readers should assume any risks and responsibilities that may arise from relying on this content. Before making any investment decisions, it is essential to ...
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$GENTING (3182.MY)$ Three consecutive large increases attract you to enter, but a single large bearish candlestick wipes out everyone!
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$GENTING (3182.MY)$ Completely incompetent garbage.
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$99SMART (5326.MY)$ Buy more if it drops again... afraid that it won't drop.
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$PBBANK (1295.MY)$ Today is rising👍
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$PBBANK (1295.MY)$ Tomorrow is the financial budget proposal, hoping Hua Ge will say something bullish about stocks.
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$USD/MYR (USDMYR.FX)$ People who bought US stocks are all crying... Now the US stocks are down, the US dollar is down, it's really a double blow.
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