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AGM

Genting Malaysia Berhad [GENM 4715]

By Leigh
Updated August 27, 2019 Filed Under: Annual General Meetings (AGM), Best Dividend Stocks in Malaysia 4

Genting Malaysia

Genting. The word itself conjures up images of its casino, the mist up in the highlands and the story of how Tan Sri Dato’ Seri (Dr.) Lim Goh Tong came to Malaysia with only RM1 in his pocket.

I just came back from Genting Highlands for a one-night stay. Take my word for it, Genting, in Malaysia is something else. My last visit to Genting was ages ago and I was dazzled by the improvements and refurbishments Genting Malaysia has made.

Let me tell you what made me want to cover this stock.

  1. The road up Genting Highlands wasn’t the dizzying winding road it was. It is a lot better and much safer now. Also, it was congested on my way up and on my way down.
  2. On the way up, stopping by Gohtong Jaya for lunch, it was packed as well.
  3. Casinos. There’s 2 now. 1 word – Monopoly. Genting Malaysia is the only company with a casino license.
  4. Lastly, I truly enjoyed my stay up there. The food, the stay, the cold, even amongst the crowd, I enjoyed myself.

Genting Malaysia 2018 Annual Report

Revenue – RM9.9 billion
Net loss – RM86.3 million

Revenue grew 6.4% y-o-y. The net loss was mainly due to bad deals made in the US.

That 97% occupancy rate basically made me queue for the shares yesterday. Let’s hope GENM opens up an additional hotel or two soon to capitalise on the high occupancy and turn day-trippers into over-nighters.

Casino License in Malaysia

Effective 2019, Genting Malaysia’s annual casino license fee was raised to RM150 million (from RM120 million). The RM30 million increase is nothing compared to the casino duties GENM has to pay this year – 30% (compared to the previous 25%).

Genting Malaysia Theme Park Opening

According to Google, GENM’s outdoor theme park is set to open in November this year. Now, as a shareholder of Genting, I can’t wait.

I can’t wait to see the financials next year.

Attractive Yields

At the current price, based on historical dividend payments, I can expect a 6%+ yield on GENM.

As I’ve always mentioned, historical payouts do not equal to future ones. A conservative dividend yield could be around the 4-5% range. Just in case the board decides to forego special dividends this year.

End.

GENTING MALAYSIA

Bought date – 26 August 2019
Bought units – 4,800
Bought price – RM3.0602
Current price – RM3.0800

I hope to attend all of Genting Malaysia’s AGM’s in the coming years. Follow me on Facebook and Instagram to keep up.

A list of good dividend stocks in Malaysia can be found hERE.

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Malaysia AGMs – Doorgifts and Goody Bags

AGM Malaysia Doorgift

I’m compiling a comprehensive list of door gifts and goody bags given out by Malaysian companies during their AGMs.

You can expect some of the gifts to stay the same every year and some to change. You may receive an RM100 voucher this year but nothing the next. So manage your expectations!

I’ll begin with a list of what I’ve received and update it every time I come back from an AGM. The list will also include photos and info contributed by other shareholders.

A Request

There are hundreds of company AGMs to attend and hundreds of goodies to receive. Unfortunately, I am only one person and can only attend so many.

So, for those of you who’ve attended AGMs and have photos to share. Drop me an email at [email protected].

AirAsia Group Berhad

2017 (May) – RM500 Flight voucher. Breakfast provided.

AirAsia X Group Berhad

2019 (July) – Free flight voucher

Carlsberg Brewery Malaysia Bhd

2019 (April) – Carlsberg products

2019

CCM Berhad

2019 (May) – RM30 McDonald’s voucher and RM20 vouchers for Texas Chicken, San Francisco Coffee or Delicious.

2019 – Provided by Aeolus

CIMB Berhad

2019 (April) – Petronas gift card worth RM30 and 1 set of cutlery with metal straw. Meal provided

2019
2019 – Provided by Aeolus

CMMT REIT

2019 (February) – RM50 Aeon voucher

2019 – Provided by Teo Cher Ming

Digi.com Berhad

2019 (May) – RM100 reload. KFC plate set voucher.

2019 – Provided by Aeolus

Duopharma Biotech Berhad

2019 (May) – RM10 Touch N Go and CCM’s product.

2019 – Provided by Aeolus

Dutch Lady

2019 (April) – Dutch lady products. Meal provided.

Their AGM meal pack is among the best. Got rice, chicken steak with mushroom sauce, sweet chilli fish cake, sweet and sour prawns. – Aeolus Tee

2019
2019 – Provided by Aeolus

IGB REIT

2017 (April) – RM38 hotel meal voucher. Coffee / Tea provided.

Heineken Malaysia Bhd

2019 (May) – Heineken products.

dav

KLCC Property Holdings Bhd

2019 (April) – RM100 Mandarin Oriental voucher

2019 – Provided by Teo Cher Ming

Malakoff Corporation Bhd

2019 (April) – RM40 KFC vouchers. Meal provided.

2019 – Provided by Teo Cher Ming

Malayan Banking Berhad

2019 (April) – RM50 Aeon vouchers. Free health check up. Breakfast provided.

2019
2019 – Provided by Lim

Media Prima Berhad

2019 (May) – RM40 KFC voucher

2019 – Provided by Aeolus

MMC Corporation Berhad

2019 (May) – RM40 KFC voucher. Meal provided.

2019 – Provided by Aeolus

Nestle Malaysia Berhad

2019 (April) – Nestle products. Breakfast provided.
2018 (April) – Nestle products. Breakfast provided.
2017 (April) – Nestle products. Breakfast provided.
2016 (April) – Nestle products.
2015 (April) – Nestle products.

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Panasonic

2019 (August) – RM50 product voucher. Meal provided.

Petronas Dagangan Berhad

2019 (April) – RM100 Petrol gift card

2019 – Provided by Aeolus

Petronas Gas Berhad

2019 (April) – RM100 Petrol gift card

2019 – Provided by Aeolus

PPB Group Berhad

2019 (May) – PPB products and GSC movie tickets.

PPB Group Berhad Doorgift
2019 – Provided by Aeolus

Public Bank Berhad

2017 (March) – Goody bag. Coffee / Tea provided.

RHB Bank Berhad

2019 (April) – Gift vouchers. Meal provided.

2019

Sapura Resources Berhad

2019 (June) – RM40 Aeon vouchers and breakfast.

2019 – Provided by Aeolus

Scientex Berhad

2018 (December) – Kambing bakar.

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Sime Darby Property

2019 (April) – RM50 Food voucher for Sime Darby Convention Centre.

2019 – Provided by Aeolus

Time dotCom Berhad

2019 (May) – Water flask and breakfast.

2019 – Provided by Aeolus

Tune Protect

2017 (May) – Tune goody bag. RM20 Secret Recipe voucher provided.

UEM Sunrise Berhad

2019 (May) – Towel and RM20 KFC voucher.

2019 – Provided by Aeolus

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