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$GENM (4715.MY)$
I. Financial Condition Analysis
1. Revenue Performance
– Fourth Quarter (4Q2024 vs 4Q2023):
Genting Malaysia's revenue for the fourth quarter of 2024 is 2.7283 billion Ringgit, a slight increase of 0.25% (0.68 million Ringgit) compared to 2.7215 billion Ringgit in the same period of 2023. The growth mainly comes from increased revenue in the Leisure and hotel operations in the United Kingdom and Egypt (16.7 million Ringgit), but is partially offset by fluctuations in the Business in Malaysia and the USA.
– For the whole year (FY2024 vs FY2023):
Total revenue for fiscal year 2024 is 10.9118 billion Ringgit, an increase of 0.7224 billion Ringgit (7%) compared to 10.1894 billion Ringgit in 2023. By region:
◦ Malaysia: growth of 0.4075 billion Ringgit (6%), thanks to the increased volume of operations at Genting Highlands (RWG).
◦ United Kingdom and Egypt: Growth of 0.2282 billion Ringgit (14%), indicating strong market demand.
◦ USA and Bahamas: Growth of 0.1045 billion Ringgit (6%), primarily contributed by Resorts World New York City (RWNYC).
Interpretation: The annual revenue growth reflects the company's resilience and expansion capabilities in the Global market, especially performing well in the United Kingdom and Egypt. However, growth in the Malaysian market is relatively moderate, possibly affected by local competition or other factors...
I. Financial Condition Analysis
1. Revenue Performance
– Fourth Quarter (4Q2024 vs 4Q2023):
Genting Malaysia's revenue for the fourth quarter of 2024 is 2.7283 billion Ringgit, a slight increase of 0.25% (0.68 million Ringgit) compared to 2.7215 billion Ringgit in the same period of 2023. The growth mainly comes from increased revenue in the Leisure and hotel operations in the United Kingdom and Egypt (16.7 million Ringgit), but is partially offset by fluctuations in the Business in Malaysia and the USA.
– For the whole year (FY2024 vs FY2023):
Total revenue for fiscal year 2024 is 10.9118 billion Ringgit, an increase of 0.7224 billion Ringgit (7%) compared to 10.1894 billion Ringgit in 2023. By region:
◦ Malaysia: growth of 0.4075 billion Ringgit (6%), thanks to the increased volume of operations at Genting Highlands (RWG).
◦ United Kingdom and Egypt: Growth of 0.2282 billion Ringgit (14%), indicating strong market demand.
◦ USA and Bahamas: Growth of 0.1045 billion Ringgit (6%), primarily contributed by Resorts World New York City (RWNYC).
Interpretation: The annual revenue growth reflects the company's resilience and expansion capabilities in the Global market, especially performing well in the United Kingdom and Egypt. However, growth in the Malaysian market is relatively moderate, possibly affected by local competition or other factors...
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Close 1/7 of the Short Sell position at $52 (3 ATR) and $48 (below the gap). 🚴🏻
Translated


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