..............................steady
I think you guys have to thank Pokemon Go to some extent
Finally something positive after so many -ve quarters.
tp : $1.30
If mgt woke up three four years ago when I questioned the lending policy. Early early already big big earn earn liao.
Wah....0.835. Shiok. Shiok.
Wah....0.835. Shiok. Shiok.
If mgt folows this way, shareholders will " song, song" all the way.....
Lots of impairments were profit, but lend to VIPs and later becoming bad debts. I had questioned in the AGM on the amount impaired were much more than the total dvidend, why not cut back on the lending and instead reward the shareholders. I believed the reduction of VIPs due to China' s anti-corruption measures,else, Iam not sure if the management will cut back this strategy. Doing retail is easy money and low risk as the tourists will play with their own money (usually, budgted a sum preparing for the loss).
81 cents. Mr Market likes this very much.
The problem is the credit assessement, I askedin AGM some years ago and the CEO couldn' t give a satisfactory answer buy oushed it to the Casino Authority, saying Genting is following the guidlelines which I later found out that GENS is supposed to be the one managing the credit policy, the Act and practice guidelines only state the responsibility of Casino operators' responsibility and the authority is not involved in credit policy. IN the eyes of bankers, gamblers are enjoying the lowest credit rating. If good credit rating, the gamblers do not need to make money thru this means. Once loose money and not his money, he will try not to pay, or worst, refused to pay.
true but VIPs are normally consider to be someone who are reputable (i sure they do their due dilligence), it just that later when these VIP starts to lose, they either don' t want to pay or suddenly don' t have $$ to pay..i think
As long as the management reduces lending money to VIPs to gamble, casino is " bao jia" . It' s ilogical to lending money to gamblers who known to be poor crediting rating and hope he will win to pay you.
As long as the management reduces ending money to VIPs to gamble, casino is " bao jia" . It' s ilogical to lending money to gamblers who known to be poor crediting rating and hope he will win to pay you.
As long as the management reduces lending money to VIPs to gamble, casino is " bao jia" . It' s ilogical to lending money to gamblers who known to be poor crediting rating and hope he will win to pay you.
As long as the management reduces ending money to VIPs to gamble, casino is " bao jia" . It' s ilogical to lending money to gamblers who known to be poor crediting rating and hope he will win to pay you.
As long as the management reduces ending money to VIPs to gamble, casino is " bao jia" . It' s ilogical to lending money to gamblers who known to be poor crediting rating and hope he will win to pay you.
Agreed. Not often that you get a Q3 interim dividend. It' s a nice surprise. Hope they can continue with this surprise every Q.
