$GENTING(3182.MY)$
$GENM(4715.MY)$
$Genting Sing(G13.SG)$
The leisure and hospitality business performed well. Genting and Genting Malaysia both recorded impressive results in the first quarter of the 2024 fiscal year.
As of the first quarter ending March 1, Genting's net profit soared 500% year over year to RM588,86,000.
Genting reported to the Malaysian Stock Exchange that the quarter's revenue recorded RM7.433.37,000, up 27.63% from the previous year.
In the leisure and hospitality business, Resorts World Sentosa (RWS) achieved strong revenue due to increased travel and play spending during the Lunar New Year and the visa-free policy that came into effect between China and Singapore in February.
As for $GENP(2291.MY)$In the planting business, despite a decline in sales in the downstream manufacturing sector, fortunately, the price of palm oil products increased, and overall revenue growth was recorded.
However, the performance of the electricity business was slightly poor, mainly due to the decline in power generation due to the first major regular maintenance since the Banten (Banten) power plant in Indonesia was put into operation in 2017.
On the other hand, Genting Malaysia's overall business contribution in Malaysia, the UK, Egypt, and the US and Bahamas increased. It successfully turned a profit in the first quarter and recorded a net profit of RM57.783,000, compared with a net loss of RM27.379,000 in the same period last year.
Genting Malaysia's first-quarter revenue increased 21.3% year-on-year, to 2,769.914,000...

$GENTING(3182.MY)$ Don't worry! Genting will fly with GenM tomorrow...

$GENTING(3182.MY)$ Limit up tomorrow

$GENTING(3182.MY)$
Genting's performance is beautiful, and Genm's performance is a bit poor.
I hope tomorrow I can earn money together based on my mother's fortune. Earn him 10%

Genting Singapore confirms interest in developing a UAE casino resort
$Genting Sing(G13.SG)$Genting Singapore Executive Chairman Tan Sri Lam Cathay said Genting Singapore is indeed interested in developing an integrated resort in the United Arab Emirates (UAE).
According to the financial weekly “The Edge”, Lin Guotai pointed out at the shareholders' meeting held last Friday in response to shareholders' questions about the company's international expansion plans.
Regarding the upcoming Sentosa Resorts World (RWS) 2.0 expansion, he also said that it should not be viewed as a casino expansion; a large portion of the investment was to expand non-casino portfolios in line with Singapore's strategy to become an activity-driven travel destination.
Lin Guotai explained that the bid conditions for operating Resorts World Sentosa in Singapore were for integrated resorts, not just casinos.
He anticipates that more countries will follow Singapore's example and support the development of integrated resorts.
The landscape of the global casino industry has changed.”
“In this regard, since the company is a Singaporean company and has extensive experience in integrated resorts, it is well-positioned to bid for related projects.”
For investments in the UAE, he believes it is “unlikely that there will be an international tender for a casino development project.”
“Genting Singapore is happy to use its experience in non-casino products to develop integrated resorts in the Middle East.”
In addition, he revealed that he will be more cautious about the Thai market and will wait until the details of the regulatory framework are clarified and discussed...

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