Genting Malaysia my choice for 2024
Principles that i try to adhere to (😂 we are all humans) when i am choosing to invest a share
1) Know what you buy
2) Never buy at its historical highest point
3) Be patient and trust the fundamentals
So why Genting Malaysia?
1)Post covid recovery coincides with the opening of its new themepark ,the weakening of the ringgit and visa free entry for Indian and Chinese tourists in 2024 will give a further boost. Almost every vlogs, tiktok videos or insta stories from my friends showed a jam pack genting highlands. Malaysia also becoming increasingly popular for digital nomads and expats.
2) Currently at quite a low point compared to its historical high. earnings has improved for the past 4 quarters of 2023. 436millions nett profit for 2023 still a far cry from its average 1billion profit in the 2010s but i believe it can reach there eventually if there is no more unforeseen circumstances like Covid
3) another plus point, still get around 5.3% dividend yield yearly while waiting for the share price to recover in tandem with its earnings.
Been slowly accumulating genm since post covid and will continue do so for this year. another plus point this year trading with #moomoo will help me save heaps of transaction fees compared to my previous brokerage app.
Will give an update again end of this year and see how this share has performed. For now waiting to collect my dividends going ex this 20th of March.
#malaysia #moomoo #genm #2024 #hengonghuat
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Aspiring entrepreneur who wants to make investment as a second source of passive income
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Toast Bun investing : Award winning hotels, the only theme park at Highlands. It matters of time before price will restore the good old days. Main concern is how well management can turnaround Empire Resorts and capital returns after rounds of injections.
104491587chinhowOP : Agree hopefully the USA ones will perform soon