【GENM 4715 交流专区】云顶马来西亚

Weida

大马云顶大事不妙反被FOX 20索赔1.9亿！

墨士甲

其实这对云顶大马来说，赔款的数额只是冰山一角的小事，关键是影响游乐场的工程进度。

icy97

Date of change	01 Jan 2019
Name	TAN SRI DATO' SERI ALWI JANTAN
Age	83
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Non Executive Director
New Position	Deputy Chairman
Directorate	Independent and Non Executive

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Bachelor of Arts (Honours)	University of Malaya

Working experience and occupation	Tan Sri Dato' Seri Alwi Jantan was appointed as an Executive Director of Genting Malaysia Berhad ("GENM") on 10 August 1990. He was redesignated as a Non-Independent Non-Executive Director, following his retirement as an Executive Director on 1 July 2009. On 1 July 2011, he was redesignated as an Independent Non-Executive Director. Tan Sri Dato' Seri Alwi Jantan retired as an Independent Non-Executive Director of GENM at the conclusion of the GENM's 37th Annual General Meeting held on 31 May 2017 in accordance with Section 129 of the Companies Act 1965. On the same day, he was appointed as an Independent Non-Executive Director of GENM pursuant to a resolution of the Board of Directors of GENM dated 31 May 2017.Tan Sri Dato' Seri Alwi Jantan joined the Company on 1 July 1990 as Executive Vice President - Public Affairs & Human Resources and was redesignated as Executive Director on 2 July 2007.Prior to joining GENM, he was the Director General of Public Service Malaysia. He was the Independent Non-Executive Chairman of UOA Development Bhd before his retirement on 25 May 2016 and resigned as the Independent Non-Executive Chairman of UOA Asset Management Sdn Bhd, the manager of the public-listed UOA Real Estate Investment Trust on 21 April 2016.
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	Tan Sri Dato' Seri Alwi Jantan holds 900,000 ordinary shares in the Company.

icy97

Date of change	01 Jan 2019
Name	MR LIM KEONG HUI
Age	34
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Executive Director
New Position	Deputy Chief Executive Officer
Directorate	Executive

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Masters	Master's Degree in International Marketing Management	Regent's Business School London, United Kingdom
2	Degree	Bachelor of Science (Honours) in Computer Science	Queen Mary University of London, United Kingdom

Working experience and occupation	Mr Lim Keong Hui was appointed as a Non-Independent Non-Executive Director of the Company on 23 July 2012 and redesignated as a Non-Independent Executive Director, following his appointment as the Chief Information Officer of the Company on 1 January 2015.Mr Lim Keong Hui is a Non-Independent Executive Director of Genting Berhad ("GENT") following his appointment as the Senior Vice President - Business Development on 1 March 2013 until he was redesignated as the Executive Director - Chairman's Office of GENT on 1 June 2013 and assumed additional role as the Chief Information Officer of GENT on 1 January 2015. He was a Non-Independent Non-Executive Director of Genting Plantations Berhad ("GENP") until he was redesignated as a Non-Independent Executive Director, following his appointment as the Chief Information Officer of GENP on 1 January 2015. On 5 May 2017, Mr Lim was redesignated as a Non-Independent Non-Executive Director of GENP, following his resignation as Chief Information Officer of GENP. He is also a director of Genting UK Plc and a member of the Board of Trustees of Yayasan Lim Goh Tong.On 1 January 2019, Mr Lim Keong Hui has been redesignated as Deputy Chief Executive and Executive Director of the Company, GENT and GENP.Prior to his appointment as the Senior Vice President - Business Development of GENT, he was the Senior Vice President - Business Development of Genting Hong Kong Limited ("GENHK") until he was redesignated as the Executive Director - Chairman's Office of GENHK following his appointment as an Executive Director of GENHK on 7 June 2013. He is currently the Executive Director - Chairman's Office and Chief Information Officer of GENHK after taking up additional role of Chief Information Officer of GENHK on 1 December 2014. Prior to joining GENHK in 2009, he had embarked on an investment banking career with The Hongkong and Shanghai Banking Corporation Limited.
Family relationship with any director and/or major shareholder of the listed issuer	Son of Tan Sri Lim Kok Thay, Chairman and Chief Executive and a major shareholder of Genting Malaysia Berhad.
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	Mr Lim Keong Hui holds 422,300 ordinary shares in the Company. He is also a holder of the rights to participate in the performance shares of the Company's Long Term Incentive Plan ("Scheme") for 172,200 scheme shares and 347,543 scheme shares granted under Restricted Share Plan and Performance Share Plan respectively of the Scheme.Mr Lim Keong Hui has a deemed interest of 2,796,992,189 ordinary shares of the Company. Please see Note (2) under Remarks section for details of his deemed interest.

icy97

Date of change	31 Dec 2018
Name	TUN MOHAMMED HANIF BIN OMAR
Age	79
Gender	Male
Nationality	Malaysia
Designation	Deputy Chairman
Directorate	Executive
Type of change	Retirement

追风人

（纽约29日讯）云顶（GENTING,3182,主板消费产品服务组）旗下的拉斯维加斯名胜世界（Resorts World Las Vegas）和永利度假村（Wynn Resorts）的侵权官司圆满解决！

据《The Edge》报道，双方同意就涉及40亿美元（164.5亿令吉）RWLV项目设计的商业外观和版权侵权索赔达成和解协议。

云顶表示，将会对有关建筑作出多项更改，以明确区分拉斯维加斯名胜世界项目与永利和Encore产业。

截至午休，云顶股价即涨7仙或1.03%；而云顶大马（GENM,4715,主板消费产品服务组）也涨4仙或1.26%，至3令吉21仙。

据之前美国媒体报道，著名赌场集团永利度假村（Wynn Resorts）认为云顶属下拉斯维加斯名胜世界（Resorts World Las Vegas）抄袭拉斯维加斯永利（Wynn Las Vegas）和万利酒店（Encore），于去年12月中提出5项商标侵权和不正当竞争诉讼。

根据诉讼书，永利要求法庭禁止拉斯维加斯名胜世界使用属于该公司的商品外观（trade dress），拆除任何侵权的材料或物品，并要求使用侵权的颜色和建筑风格的赔偿。

永利认为，拉斯维加斯名胜世界使用的商品外观“可能会引起混淆，甚至造成错误或瞒骗”。

文章来源 ：
星洲网 2019-01-29

icy97

Type	Announcement
Subject	OTHERS
Description	GENTING MALAYSIA BERHAD ("GENM" or the "Company")APPLICATION FOR JUDICIAL REVIEW OF A DECISION BY THE MINISTRY OF FINANCE ("MOF") TO AMEND TERMS OF TAX INCENTIVES PREVIOUSLY GRANTED TO GENM
The Board of Directors of GENM refers to the announcements dated 17 December 2013 and 23 February 2016 in respect of the redevelopment of Resorts World Genting under the Genting Integrated Tourism Plan (“GITP”). GENM’s application for tax incentives for the GITP was approved by MOF in December 2014, which amongst others, entitled the Company to claim for income tax exemption equivalent to 100% of qualifying capital expenditure incurred for a period of 10 years (“2014 Tax Incentive Approval”). The MOF made a decision to amend the 2014 Tax Incentive Approval in December 2017. The amendment does not remove the tax incentives previously granted but will effectively prolong the utilisation period of the tax allowances significantly (“MOF Decision”). GENM subsequently submitted an appeal to MOF but the appeal was turned down in September 2018. Upon consultation with its solicitors and after due deliberation, GENM proceeded to file an application for judicial review of the MOF Decision at the Kuala Lumpur High Court (“High Court”). On 24 January 2019, the High Court granted GENM’s application for leave to commence judicial review of the MOF Decision and a stay of the MOF Decision pending disposal of the judicial review application before the High Court. GENM will make the necessary announcements once there is a material development in relation to the above matter. This announcement is dated 24 January 2019.

donutv

各位大神認為會起到多少？
什麼價位好賣了

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2018	31 Dec 2017	31 Dec 2018	31 Dec 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,507,040	2,544,407	9,927,607	9,330,307
2	Profit/(loss) before tax	400,411	477,720	-4,006	1,319,856
3	Profit/(loss) for the period	705,388	430,719	-86,353	1,072,636
4	Profit/(loss) attributable to ordinary equity holders of the parent	720,139	449,786	-19,588	1,161,295
5	Basic earnings/(loss) per share (Subunit)	12.74	7.94	-0.35	20.51
6	Proposed/Declared dividend per share (Subunit)	13.00	13.00	19.00	17.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	3.2200		3.4100

icy97

GENTING MALAYSIA BERHAD

EX-date	12 Mar 2019
Entitlement date	14 Mar 2019
Entitlement time	04:00 PM
Entitlement subject	Special Dividend
Entitlement description	Special Single-Tier Dividend of 8 sen per ordinary share
Period of interest payment	to
Financial Year End	31 Dec 2018
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	GENTING MANAGEMENT AND CONSULTANCY SERVICES SDN BHD24th Floor, Wisma GentingJalan Sultan Ismail50250 Kuala LumpurTel: 03-21782266
Payment date	04 Apr 2019
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	14 Mar 2019
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.08

icy97

Type	Announcement
Subject	OTHERS
Description	GENTING MALAYSIA BERHAD ("GENM")DISPOSAL OF AN INDIRECT WHOLLY-OWNED SUBSIDIARY
Unless otherwise stated, the exchange rate of GBP1.00:RM5.3471, being Bank Negara Malaysia’s middle rate as at 5.00 p.m on 21 March 2019, is used throughout this announcement for purposes of translation of GBP into RM. The Board of Directors of GENM wishes to announce that Genting UK Plc (“GUK”), an indirect wholly-owned subsidiary of GENM, had on 21 March 2019 entered into a Share Purchase Agreement with Sonco UK BidCo Limited (“Sonco”) to dispose of its entire equity interest in Coastbright Limited (“Coastbright”) for a total cash consideration of approximately GBP34.6 million (or the equivalent of approximately RM185.0 million) (“Disposal”). Coastbright, an indirect wholly-owned subsidiary of GUK, is principally involved in operating the Maxims casino in Kensington, London, United Kingdom. Sonco represents a consortium of investors led by Sonco Gaming Inc., a Canadian group engaged in the ownership, operation and development of gaming properties. The Disposal will allow GUK to streamline its operations. GENM is also expected to realise a gain arising from the Disposal. For illustrative purposes, based on GENM’s audited consolidated financial statements for the financial year ended 31 December 2018 and assuming that the Disposal had taken place at the beginning of the year, the Disposal is expected to realise a gain of approximately GBP23.0 million (or the equivalent of approximately RM123.0 million). The proceeds from the Disposal are intended to reduce GUK group’s borrowings and for other potential investment opportunities. The Disposal is not expected to have a material effect on the consolidated earnings, net assets and gearing of GENM for the financial year ending 31 December 2019. This announcement is made pursuant to Paragraph 9.19 (24) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad whereby Coastbright ceased to be an indirect wholly-owned subsidiary of GENM.   This announcement is dated 22 March 2019.

icy97

GENTING MALAYSIA BERHAD

EX-date	26 Jun 2019
Entitlement date	28 Jun 2019
Entitlement time	04:00 PM
Entitlement subject	Final Dividend
Entitlement description	Final single-tier dividend of 5.0 sen per ordinary share
Period of interest payment	to
Financial Year End	31 Dec 2018
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	GENTING MANAGEMENT AND CONSULTANCY SERVICES SDN BHD24th Floor, Wisma GentingJalan Sultan Ismail50250 Kuala LumpurTel: 03-21782266
Payment date	23 Jul 2019
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	28 Jun 2019
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.05

icy97

Type	Announcement
Subject	OTHERS
Description	GENTING MALAYSIA BERHAD ("GENM")PROPOSED ACQUISITION OF THE EQUANIMITY SUPERYACHT
Unless otherwise stated, the exchange rate of USD1.00:RM4.0840, being Bank Negara Malaysia’s middle rate as at 5.00 p.m. on 2 April 2019, is used throughout this announcement for purposes of translation of USD into RM. We refer to the press release issued by the Attorney General today on the proposed acquisition by Genting Malaysia Berhad or its special purpose vehicle company of the Equanimity superyacht (“Proposed Acquisition”). On 28 March 2019, GENM made an offer to the Kuala Lumpur High Court of Malaya to purchase the Equanimity superyacht (together with bunkers, fuel, lubricants and other existing consumables on board) for a total consideration of USD126.0 million (or the equivalent of approximately RM514.6 million), under a Judicial Sale process, by way of private direct sale, pursuant to the Order made by the Kuala Lumpur High Court of Malaya under its Admiralty jurisdiction (“Offer”). The Admiralty Court in Kuala Lumpur had, today, approved the Offer by GENM on the Sheriff’s Terms and Conditions. The acquisition will be undertaken by GENM’s wholly-owned subsidiary and the completion of the sale is expected to take place by end of April 2019. The Proposed Acquisition will allow GENM to differentiate itself from its competitors and provide GENM with a unique and competitive edge for its premium customers business. The Proposed Acquisition is not expected to have a material effect on the consolidated earnings, net assets and gearing of GENM for the financial year ending 31 December 2019. None of the directors or substantial shareholders of GENM or persons connected to them has any interest, direct or indirect, in the Proposed Acquisition. This is a voluntary announcement made under Paragraph 10.05(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. This announcement is dated 3 April 2019.

icy97

Type	Announcement
Subject	OTHERS
Description	GENTING MALAYSIA BERHAD ("GENM" or "the Company")Acquisition of a wholly-owned subsidiary
The Board of Directors of GENM wishes to announce that GENM had on 9 April 2019 acquired Orient Peace Limited as its wholly-owned subsidiary in the Cayman Islands with an issued and paid-up share capital of US$0.01 comprising one (1) ordinary share for the purpose of ownership and operations of a vessel. None of the Directors and/or major shareholders of the Company and/or persons connected with them is deemed interested in the aforesaid acquisition. The aforesaid acquisition is not expected to have any effect on the net assets and earnings per share of the GENM group for the financial year ending 31 December 2019. This announcement is dated 10 April 2019.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2019	31 Mar 2018	31 Mar 2019	31 Mar 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,735,580	2,399,498	2,735,580	2,399,498
2	Profit/(loss) before tax	282,632	397,513	282,632	397,513
3	Profit/(loss) for the period	253,146	342,066	253,146	342,066
4	Profit/(loss) attributable to ordinary equity holders of the parent	268,289	358,237	268,289	358,237
5	Basic earnings/(loss) per share (Subunit)	4.75	6.33	4.75	6.33
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	3.1600		3.2200

icy97

Type	Announcement
Subject	OTHERS
Description	GENTING MALAYSIA BERHAD ("GENM" or "the Company")Incorporation of a wholly-owned subsidiary
The Board of Directors of GENM wishes to announce that the Company has on 27 May 2019 incorporated Orient Peace Operations Limited as its wholly-owned subsidiary in Hong Kong with an issued and paid-up share capital of HKD1,000/- comprising 1,000 ordinary shares for the purpose of operation of a vessel. None of the Directors and/or major shareholders of the Company and/or persons connected with them is deemed interested in the aforesaid incorporation. The aforesaid incorporation is not expected to have any effect on the net assets and earnings per share of the GENM group for the financial year ending 31 December 2019. This announcement is dated 27 May 2019.

icy97

5.4亿收购46%股权　云顶大马私有化美帝国度假村
财经  发布于 2019年08月06日
https://www.orientaldaily.com.my/news/business/2019/08/06/301325

（吉隆坡6日讯）云顶大马（GENM，4715，主板消费股）宣布，计划以5亿3880万令吉收购美国那斯达克证券交易所挂牌的帝国度假村企业（Empire Resorts, Inc.）的股权，并联手林国泰家族持有的建发实业私有化帝国度假村。

云顶大马是透过美国子公司--云顶（美国）控股公司与建发实业III控股（Kien Huat Realty III Limited，简称KH）签署协议，以1亿2860万美元（相等于5亿3880万令吉）或每股9.74美元，收购后者持有帝国度假村的1320万股或逾46%股权。

美国东北建品牌

同时，该公司与KH联手以相同的每股9.74美元，向帝国度假村企业小股东献购未持有（KH以外）的普通股股权，之后再把股票注入该家联营公司。云顶（美国）公司与KH将分别持有这家联营公司的49%与51%股权。云顶大马董事局称，透过与纽约市名胜世界赌场（RWNYC）的交叉营销，可更好地在美国东北地区建立名胜世界的品牌。

而且，这也可带来协同效应、成为帝国度假村与RWNYC的重叠成本。该公司将获得参与帝国度假村未来成长的机会。

云顶大马会通过内部融资执行上述计划，并预计会在第3季或末季完成。

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	GENTING MALAYSIA BERHAD ("GENM" OR "COMPANY")I. PROPOSED ACQUISITION BY GENM OF SHARES IN EMPIRE RESORTS, INC., FROM KIEN HUAT REALTY III LIMITED ("KH")II. PROPOSED JOINT VENTURE BETWEEN GENM AND KH TO PRIVATISE EMPIRE RESORTS, INC. ("EMPIRE")
The Board wishes to announce that GENM had, on 5 August 2019 (United States Pacific Standard Time), entered into a binding term sheet (“Term Sheet”) with KH for GENM’s wholly-owned subsidiary, Genting (USA) Limited (“GenUSA”) to: 1.1       acquire 13,200,000 shares of common stock of Empire (“Common Stock”) held by KH (which currently represents approximately 46% of the Common Stock held by KH and which also represents approximately 35% of the outstanding voting power of Empire on a fully diluted basis after conversion of all preferred stock currently outstanding into common stock (“Proposed Acquisition”)) at a cash consideration of USD9.74 per share of Common Stock, totaling approximately USD128.6 million (or RM538.8 million). The Proposed Acquisition is subject to amongst others, receipt of regulatory approvals (including approval by the New York State Gaming Commission ("NYSGC") and satisfaction of applicable regulatory requirements; 1.2       jointly submit a preliminary non-binding proposal to Empire to acquire by merger, the outstanding shares of capital stock held by shareholders of Empire unaffiliated with KH at a cash consideration of USD9.74 per share of Common Stock (“Proposed Merger”), subject to the following conditions, among other conditions: (a)        approval of the Special Committee or another committee of Empire’s board composed solely of disinterested members who are also independent of KH and its affiliates, and (b)        approval of the holders of a majority of the votes represented by the outstanding shares of Common Stock and Series B Preferred Stock other than such stock owned by KH or its affiliates and executive management; and 1.3       concurrently with or immediately following entry into the merger agreement with Empire, form a joint venture between GenUSA and KH on the terms and subject to the conditions set forth in the Term Sheet, into which it is expected that KH and GenUSA will contribute their shares of Common Stock (“Proposed JV”). Please refer to the attachment for further details of the Proposed Acquisition, Proposed Merger and Proposed JV. This announcement is dated 6 August 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6246537

Attachments Announcement - Empire Resorts.pdf

Tony-Pua

RM 3.08........最低！，买进RM 3.15.......

Tony-Pua

帝国度假村若再巨亏-云顶大马恐少赚2.8亿
https://www.enanyang.my/news/20190807/帝国度假村若再巨亏-br云顶大马恐少赚2-8亿/

购美赌场惊吓‧惹金援大股东猜疑‧云顶大马盈利恐减20%
https://www.sinchew.com.my/content/content_2096634.html

（吉隆坡7日讯）云顶大马（GENM,4715,主板消费产品服务组）再度给市场带来警吓，该公司斥巨资向大股东林氏家族收购亏损中的美国赌场，引来金援大股东的疑虑，并可能导致明年盈利大减逾20%，云顶大马和母公司云顶（GENTING,3182,主板消费产品服务组）今日面对庞大卖压，股价双双暴跌。

云顶大马是建议以1亿2860万美元（约5亿3880万令吉），向大股东丹斯里林国泰家族公司持有的建发实业公司（Kien Huat）收购在美国纳斯达克上市的美国帝国度假村（EmpireResorts）46%股权，之后合组联营公司联手私有化该公司，云顶大马的总收购代价约8亿4600万令吉。

再度引发企业监管负面印象

丰隆研究对此交易持负面看法，并下调该股目标价和评级，因帝国度假村仍在亏损中，2018年亏损1亿3800万美元，2019年首季亏损扩大43%至3760万美元。在前3年也亏损2500万美元至4600万美元。

“假设帝国度假村2020年录得和2018年相近的亏损，则云顶大马的净利可能受2亿8300万令吉的负面冲击（约相等于2020年财测的23%）。”

同时，云顶大马是以溢价收购（相等于2018年股价账面值的1.5倍）。

艾芬黄氏研究认为，云顶大马小股东可能负面看待，此交易无须小股东的批准，同时帝国度假村仍在亏损中。

“我们相信此交易可能再度令云顶大马的企业监管课题带来负面印象，投资者可能视为给大股东建发实业纾困。”

或需注入新资金降债

该行认为，在完成收购后，云顶大马可能需要注入新资金以降少共5亿7000万美元的债务，因为单单是利息开销，就占了帝国度假村2019年首季亏损的逾50%，其营运现金流也呈负面。

管理层相信可从中带来营收和协同效应，该行认同可节省成本如分摊行销推广开支、会员计划和管理成本等等，但要向现有顾客交叉销售则是巨大挑战，因纽约市名胜世界和卡斯基名胜世界有两小时车程。纽约4家赌场最近都有所改善，但仍低于最初的营收预测。而无法将运动博彩投注扩张至手机投注，也令上升潜能受限。

帝国度假村仍在亏损
潜在协同效应不明朗

马银行研究表示，帝国度假村去年亏损1亿3880万美元（5亿8170万令吉），若明年也同样亏损，该行对云顶大马明年的财测可能削减21%或2亿8500万令吉（49%股权x5亿8170万令吉）。

收购价相等于2019年首季股价/账面值的1.8倍也显得偏高。

惟建发实业最后持有联营公司51%股权，可能暗示林氏家族仍乐观看好帝国度假村的前景。

该行目前保持财测，等待该集团在8月29日的业绩汇报会公布更多详情。

大众研究表示，云顶大马的每股收购价9.74美元，比帝国度假村闭市价溢价5%。

云顶大马表示可从潜在协同效益中受惠，但详情未明。融资则不是问题，云顶拥有内部资金。

但是，对于母公司伸手获取云顶大马的现金储备，和展开无法增加盈利的投资，该行不感振奋。

融资收购不成问题

帝国度假村目前仍在亏损，云顶大马如何从中取得潜在协同效应仍不明朗。此收购预计在今年第四季完成，因此不会影响2019年盈利。

“我们认为市场可能负面看待这宗相关伙伴交易，股价将有疲软风险。”

达证券表示，云顶大马可能对此相关伙伴交易付出过高价格。但是1亿2860万令吉的投资额，和卡斯基名胜世界15亿美元的发展成本相比则偏低。因此，该行对此交易持中和看法。

截至2019年3月杪云顶大马的现金共79亿令吉，净负债比仅0.12倍，融资此收购不成问题。

兴业研究也持中和看法，因1亿8000万美元的收购成本不显著，仅占该集团市值和净资产的3.5%和4.3%。

此收购不会提高价值，可能负面影响盈利，但收购价仍合理，因该度假村的建筑成本介于2亿至10亿美元之间，因此保持财测不变。

该行表示，新赌场通常需至少2至3年转盈，该度假村第二季业绩有所改善，同时未来可提供营运和管理服务给联营公司而赚取管理费。

该行相信此收购可加强该集团在美国东北部的博彩市场，并透过和bet365合作而打进线上博彩市场（若合法化），纽约年度运动投注收入在未来5年预料达到10亿美元。

作者 ： 李勇坚
文章来源 ： 星洲日报 2019-08-07

股票是游戏

好便宜，

美国那边又大跌，

一波还没平，一波又来，

5块多跌到这样，3块出少少，明天3块保不住，

性林的，好像越来越差，，


有便宜货，可以开始进场，