【GENM 4715 交流专区】云顶马来西亚

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2017	31 Mar 2016	31 Mar 2017	31 Mar 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,223,818	2,214,354	2,223,818	2,214,354
2	Profit/(loss) before tax	344,326	262,116	344,326	262,116
3	Profit/(loss) for the period	294,886	144,131	294,886	144,131
4	Profit/(loss) attributable to ordinary equity holders of the parent	323,515	161,567	323,515	161,567
5	Basic earnings/(loss) per share (Subunit)	5.72	2.86	5.72	2.86
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 ($$)	3.4800		3.5100

icy97

Date of change	31 May 2017
Name	TUN MOHAMMED HANIF BIN OMAR
Age	78
Gender	Male
Nationality	Malaysia
Designation	Deputy Chairman
Directorate	Executive
Type of change	Retirement
Qualifications	1. Bachelor of Arts from the University of Malaya, Singapore2. Bachelor of Law (Honours) from University of Buckingham3. Certificate of Legal Practice (Honours) from the Legal Qualifying Board
Working experience and occupation	Tun Mohammed Hanif bin Omar was the Inspector-General of The Royal Malaysian Police for 20 years before retiring in January 1994, having joined as an officer in 1959.He is also the Deputy Chairman of Genting Berhad and sits on the Boards of AMFB Holdings Berhad and Measat Global Berhad.He was a member of the 2004 Royal Commission for the Enhancement of the Operations and Management of The Royal Malaysian Police. He is the President of the Malaysian Institute of Management (MIM) and a member of the Malaysian Equine Council. He is the Chairman of the Yayasan Tun Razak and a member of the Boards of Trustees of the Malaysian Liver Foundation, Yayasan DayaDiri, The MCKK Foundation and The Community Chest, Malaysia.
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	Tun Mohammed Hanif bin Omar holds 903,200 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 171,800 scheme shares and 357,090 scheme shares granted under Restricted Share Plan and Performance Share Plan respectively of the Scheme.

icy97

Date of change	31 May 2017
Name	TUN MOHAMMED HANIF BIN OMAR
Age	78
Gender	Male
Nationality	Malaysia
Designation	Deputy Chairman
Directorate	Executive
Type of change	Appointment
Qualifications	1. Bachelor of Arts from the University of Malaya, Singapore2. Bachelor of Law (Honours) from University of Buckingham3. Certificate of Legal Practice (Honours) from the Legal Qualifying Board
Working experience and occupation	Tun Mohammed Hanif bin Omar was the Inspector-General of The Royal Malaysian Police for 20 years before retiring in January 1994, having joined as an officer in 1959.He is also the Deputy Chairman of Genting Berhad and sits on the Boards of AMFB Holdings Berhad and Measat Global Berhad.He was a member of the 2004 Royal Commission for the Enhancement of the Operations and Management of The Royal Malaysian Police. He is the President of the Malaysian Institute of Management (MIM) and a member of the Malaysian Equine Council. He is the Chairman of the Yayasan Tun Razak and a member of the Boards of Trustees of the Malaysian Liver Foundation, Yayasan DayaDiri, The MCKK Foundation and The Community Chest, Malaysia.
Directorships in public companies and listed issuers (if any)	1. Genting Berhad2. Measat Global Berhad3. AMFB Holdings Berhad4. The Community Chest5. The MCKK Foundation6. Yayasan DayaDiri
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	Tun Mohammed Hanif bin Omar holds 903,200 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 171,800 scheme shares and 357,090 scheme shares granted under Restricted Share Plan and Performance Share Plan respectively of the Scheme.

icy97

云顶大马投资美赌场遇阻
盈利展望添变数

2017年6月29日
（吉隆坡29日讯）云顶马来西亚（GENM，4715，主板贸服股）参与投资的美国马萨诸塞州First Light度假村和赌场（FLRC）的发展项目，遭遇意想不到的阻碍。

据美国媒体《汤顿公报》（Taunton Gazette）报道，玛许比万帕诺亚格（Mashpee Wampanoag）部落，意外暂缓1934年《印第安人重新组织法》（Indian Reorganization Act）第1类审查工作的申请。

玛许比万帕诺亚格部落提到，在向美国内政部咨询后，决定暂停申请。这意味着，该部落宣布放弃寻求从联邦政府手中，获得兴建FLRC项目的权力。

早前，同样来自马萨诸塞州的汤顿（Taunton）住户，不满政府将位于该州的保留地转型为信托土地，用来兴建上述赌场，且该赌场所需支付给政府的博彩税较低。

为此，汤顿住户上诉挑战早前的第2类审查记录，即将保留地转为信托土地的决定。该项目已停工超过一年。

如今，作为云顶马来西亚未来的盈利来源之一，随着该部落展缓申请第1类审查，盈利展望也因而增添变数。

虽然云顶马来西亚并无持有FLRC项目中持有任何股权，但却通过收购玛许比万帕诺亚格部落博彩机构发出的首期发展所有息票据，借此投资了2.74亿美元 （约11.8亿令吉）的资金。

该有息票据年利息达12%至18%。

另外，云顶马来西亚在去年4月宣布，受委为FLRC的管理者，管理权为期7年，从中收取管理费用。



或注销11.8亿投资额

马银行投行分析员指出，若FLRC的建设工作被迫中止，云顶马来西亚需注销2.74亿美元（约11.8亿令吉）的投资额。

不过，分析员目前还无法确定FLRC的建设工作，是否会继续进行。

“我们知道，除了国会听证会外，该条例下的第1类和第2类审查，是美国内政府维护该国原住民部落持有土地的唯一法律途径。”

马银行投行理解该项目面对诸多法律上的挑战，认为若发展被迫中止，将损失上述购买有息票据金额。

“如果建设工作无法进行，云顶马来西亚需注销2.74亿美元的投资额，目标价可能会调低20仙。 ”

“不过，若是最终决定有利于集团，我们预计将会从2019年之后的7年内，每年赚取5910万令吉的管理费，并将目标价调高14仙。”

另外，该投行也估算，有息票据的息收入可达1亿670万令吉。

券商维持财测评级

大马投行分析员指出，云顶马来西亚在这项目的投资额，占该投行2017财年净利预测16亿520万令吉的67%。

虽然如此，大马投行未将当中的减值和拨备预算纳入财测，但维持“卖出”和5.20目标价。

另外，马银行投行也认为该公司不会面对注销投资的问题，因此维持“守住”，目标价为5.40令吉。【e南洋】

icy97

大马客仍是主要财源
中国禁招赌无损云顶大马

2017年6月30日

独家报道：姚思敏

（吉隆坡30日讯）虽然中国禁止博彩业者入境招赌，但分析员认为，只要不是政府禁止当地人民出国赌博，云顶马来西亚（GENM，4715，主板贸服股）就不会受到影响。

日前，中国上海法庭判处澳洲皇冠度假酒店集团（Crown Resorts）的19名现任及前任员工入狱9至10个月，因为他们涉嫌在中国宣传及招揽大额赌客到墨尔本皇冠赌场消费，而在去年10月被扣留。

外国博彩业者担忧

当中被判刑的，还包括该集团国际赌场豪客营运主管杰森欧康纳。

市场认为，这件事情是中国对亚洲赌场业者的一项警告，严禁在该国境内招赌，否则会严厉对付违法的人。

因此，这导致尝试到中国招赌的外国博彩业者感到担忧。

不过，分析员都认为，这不会对云顶马来西亚造成影响，包括业绩表现和股价。

联昌国际投行分析员对《南洋商报》指，由于云顶马来西亚没有到中国进行宣传及招揽赌客活动，所以不会受到影响，而且该公司的主要贡献来源依然是大马人，中国游客的占比不大。

这对上述提问，云顶马来西亚发言人不愿置评。

另外，一名不愿具名分析员指，据悉云顶马来西亚及云顶新加坡都没有到中国招赌。

他说，根据云顶马来西亚首季业绩表现，中国游客到访人数减少，这反映出公司没有到中国招赌。

“我认为，只要不是禁止中国人出国赌博，而单单禁止业者到中国招赌，是不会影响博彩收入的。澳门5月博彩收入表现强劲，就是最佳证明。”

澳门5月博彩收入按年增长23.7%，达227.42亿澳元（约121.65亿令吉），为2014年2月以来最大增幅，更是连续4个月收入超过200亿澳元水平，及连续10个月反弹。

澳洲皇冠员工去年被扣
亚洲博彩股利空已消化

分析员认为，由于澳洲皇冠度假酒店集团员工是在去年10月被扣查，所以，相信所有亚洲博彩股的股价已反映出不利消息。

此外，他指不少国家其实都禁止招赌，包括大马和新加坡，因此，许多博彩业者都不会大肆宣传博彩活动。

“基于严格的条例，业者在执行商业策略时，都相当小心。”

他举例，一些业者会提供免费住宿或回扣给会员，这也是婉转的宣传手法之一。

来马中国赌客比重低

分析员指，相比其他亚洲国家，中国在大马赌场的游客人数比重不大。

“大马赌场依然由本地赌客主导，估计大马人占高达70%，而中国游客不会超过10%。中国赌客普遍都去澳门赌场。”

对亚洲赌场贡献大

随着澳洲皇冠度假酒店集团员工在去年10月被扣查，令亚洲博彩业者感到担忧，因为中国人对该区域博彩业的影响非常大，亚洲赌场都是专门为迎合中国人的偏好而建的。

去年，里昂证券（CLSA）指，中国人对菲律宾博彩业收入的贡献比例为25%，对新加坡和韩国的贡献比例，分别为30%和60%，对塞班岛和澳门的贡献比例则超过80%。【e南洋】

icy97

博彩收入拉动业绩　云顶大马財测上调

財经 最后更新 2017年07月4日
（吉隆坡4日讯）博彩收入提高，预期將带动云顶大马（GENM，4715，主板贸服股）在8月份公佈的2017財政年次季（截至6月30日止）业绩，分析员看好业绩成长的趋势將持续，因此上调该公司的盈利预测及评级。

马银行投行分析员指出，受惠於博彩营业额强劲增长，云顶大马2017財政年次季的扣除利息、税务、折旧及摊销前盈利（EBITDA）预期按年成长5%，按季成长15%，至6亿6000万令吉。

「云顶大马有2大利好因素扶持，1、SkyPlaza將在次季开始作出全面贡献；以及去年因欧洲足球锦標赛（UEFA）而產生低基数效应下，预期名胜世界度假村（RWG）博彩总收入（GGR）在次季將按年取得介於14%至17%的成长。」

该分析员补充说，次季有4个长週末，將带动大眾赌客的总收入增加。

而豪赌客（VIP）的总收入也將取得温和成长。

成长后劲可期分析员也认为，该公司成长后劲值得期待。隨著云顶高原名牌商城（Premium Outlet）开业和主题酒店开张，料进一步催谷大眾赌客在第3季（截至9月30日止）总收入的成长。

同时，SkyPlaza为豪赌客而设的赌房和套房將在第三季正式开放，也將吸引豪赌客上门。该分析员也调高云顶大马2017至2019財政年的盈利预测，分別上调3%至6%之间。

主因是2017財政年的每人收费调高10%、20世纪福克斯主题公园较高的平均票价约200令吉和20世纪福克斯主题公园竣工后，每年料吸引促销收入高达5000万令吉。

分析员看好该股未来2年有上涨空间，加上优渥的週息率，因此上调该股评级至「买进」和调高目標价至6.15令吉。【东方网财经】

icy97

美国赌场项目受阻
云顶大马评估取款及冲击

2017年7月8日
（吉隆坡8日讯）由于参与投资的美国马萨诸塞州First Light度假村和赌场（FLRC）发展项目受阻，云顶马来西亚（GENM，4715，主板贸服股）将检讨所有选项，评估可否取回投资及对公司财务的影响。

云顶马来西亚昨天向交易所报备，该公司将与玛许比万帕诺亚格（Mashpee Wampanoag）部落合作，检讨有关投资在票据的所有选项。

同时，也评估可否取回这项投资，及对截至今年12月31日财年净利及净资产的影响。

虽然云顶马来西亚并无持有FLRC项目股权，但却认购了玛许比万帕诺亚格部落发出的票据。

14.9亿购部落票据

截至6月30日，云顶大马已在该项票据投资了3亿4740万美元（相等于约14.9亿令吉）。

该部落发行票据，是为了融资在美国马萨诸塞州的汤顿（Taunton）兴建一项综合博彩度假村所需的前期发展开销。

2015年9月，美国内政部发出扩建决策记录（DOI），把该部落的原住民地皮放入信托，这让部落能够在首个信托地皮上发展综合博彩度假村。

不过，却在2016年2月，却有一群汤顿住户反对把该地皮放在组别2（Category 2），且展开法律程序。

在同年7月，法庭否决了内政部的决定，但允许部落的地皮保留在信托。

部落选择上诉，而这至今仍在等待判决结果。

因此，综合博彩度假村建筑工程暂停，以等待法庭判决、内政部或其他相关政府机构的行动。

云顶马来西亚曾在2016年报中披露，可否取回票据的投资，取决于该项法律程序的结果。

支持部落捍卫发展权

今年4月27日，美国内政部决定不参与部落上诉法庭决定，但内政部持续评估自身能力，以在不同的法律组别，把部落地皮保持在信托。

6月27日，部落要求暂停内政部评估有关把地皮放在组别1（category 1）的申请，这是为了保护部落寻求进一步评估及咨询，以及调查所有选项以取得地皮的权利。

然而，内政部却在6月30日拒绝部落的要求，且扩大评估程序至要求部落提供历史记录及证据，以证明部落有权持有该地皮，并设定8月31日为限期。

云顶马来西亚强调，公司支持该部落努力保护地皮及土地发展权。【e南洋】

Type	Announcement
Subject	OTHERS
Description	GENTING MALAYSIA BERHAD ("GENM" or "the Group")- Participation as the Manager to the operation of an integrated gaming facility and resort in Taunton, Massachusetts
The Board of Directors of GENM refers to the announcement dated 1 April 2016, whereby the Group has subscribed to the promissory notes issued by the Mashpee Wampanoag Tribe (“Tribe”) to finance the pre-development expenses of an integrated gaming resort in Taunton, Massachusetts, United States of America (“U.S.”). In September 2015, the U.S. Federal Government (i.e. U.S. Department of Interior (“DOI”)) issued a Record of Decision (“ROD”)  (i.e. Category 2 ROD) to take the Tribe’s aboriginal lands into trust, in Taunton and Mashpee, Massachusetts for the Tribe under the Indian Reorganization Act of 1934 (“IRA”). This enabled the Tribe to pursue the development of the integrated gaming resort on its initial trust land in Taunton (“Project”). In February 2016, legal action was brought by a group of local Taunton residents (“Plaintiffs”) against the DOI for issuing a ROD to hold the Tribe’s reservation lands in trust under Category 2 of Section 479 of the IRA. In July 2016, a judge of the U.S. District Court in Massachusetts ruled against the DOI, but allowed the Tribe’s lands to remain in trust while the DOI and the Tribe decide how they wanted to move forward.  The Tribe chose to appeal the case to the U.S. Court of Appeals for the First Circuit, where it remains pending today. Given that the lawsuit remains pending and further rulings are expected to be made, construction of the integrated gaming resort has been put on hold pending further court developments and/or actions by the DOI or other relevant governmental authorities that will enable the Tribe to ultimately proceed with the integrated gaming resort project. In December 2016, at the request of the Tribe, the DOI initiated a review process to determine whether it would continue to hold the Tribe’s lands in trust under a different legal category (i.e., Category 1 of Section 479 of the IRA), join the Tribe in its appeal of the U.S. District Court’s adverse ruling on the Category 2 ROD or take the Tribe’s lands out of trust. The U.S. Department of Justice, on behalf of the DOI, decided on 27 April 2017 not to join the Tribe in appealing the U.S. District Court’s decision on the Category 2 ROD, but the DOI is continuing to evaluate its ability to keep the Tribe’s lands in trust under a different legal category. On 27 June 2017, the Tribe announced that it requested a suspension of the DOI’s review of its Category 1 submissions.  The intent of the request was to preserve the Tribe’s rights to seek further review and consultation at a later date and investigate all options available to secure the Tribe’s land base. On 30 June 2017, the DOI announced that it declined the request made by the Tribe to suspend its Category 1 review process. Instead, the DOI decided to extend and expand its review process by requesting further materials on whether the Tribe’s history supports its rights to trust land. The DOI requested parties (i.e. the Tribe and the Plaintiffs) to specifically focus on whether the early exercise of state jurisdiction over the Tribe by the Commonwealth of Massachusetts provides a legal basis for keeping the Tribe’s land in trust. The DOI set a timeline of 31 August 2017 for the Tribe and the Plaintiffs to submit materials to facilitate the additional analysis and until 30 October 2017 to reply to the opposing submissions. Meanwhile, the Tribe’s lands remain in trust unless ordered by a court to take it out of trust. As disclosed in the Group’s 2016 Annual Report, the recoverability of the promissory notes is dependent on the resolution of this legal case. The total amount invested in the interest bearing promissory notes (including accrued interest) as at 30 June 2017 amounts to US$347.4 million (or the equivalent of approximately RM1.49 billion). The Group will work with the Tribe to review all options available for its investment in the promissory notes, and assess its recoverability and impact to the Group’s consolidated earnings and net assets for the financial year ending 31 December 2017. The Group is supportive of the Tribe’s endeavour to protect its land base and their associated development rights. For further details on the Project, please visit http://www.projectfirstlight.com. Unless otherwise stated, the exchange rate of US$1.00:RM4.2985, being Bank Negara Malaysia’s middle rate as at 5.00 p.m. on 6 July 2017, is used throughout this announcement for purposes of translation of US$ into RM. This announcement is dated 7 July 2017.

icy97

美国赌场停滞．云顶大马恐需注销15亿

（吉隆坡10日讯）云顶大马（GENM，4715，主板贸服组）投资美国麻萨诸塞州赌场计划前景暗淡，分析员恐建设First Light赌场度假村触礁，云顶大马届时料需为15亿令吉的票据投资进行一次性注销。

云顶（GENTING，3182，主板贸服组）和云顶大马股价双双下挫，各跌16仙和5仙，分别以9令吉零3仙和5令吉61仙挂收。

至今为止，云顶大马共认购由玛许比万帕诺亚格（Mashpee Wampanoag）部落发出的3亿4740万美元（约14亿9000万令吉）票据，并受委管理First Light赌场度假村长达7年。

建设工程已停顿一年

联昌研究表示，该项计划在近期陷入漫长而旷日持久的司法战，才能决定First Light赌场度假村的建设能否继续，而建设工程已经停顿达一年之久。

美国内政部已决定，要求玛许比万帕诺亚格部落及汤顿住民在8月31日前提呈全面资料，并在10月30日前提出反对的论点。

联昌指出，在最初的计划，First Light赌场度假村预计在2018年夏季投入营运，惟随司法判决未出炉，营运日期尚未得知。

“一旦工程不获批准继续进行，则云顶大马必须为此项投资进行注销，而预计将带来15亿令吉或每股25仙的一次性亏损。”

联昌表示，目前并未将该笔注销费纳入预测当中。

联昌指出，基于未把云顶大马投资在First Light赌场度假村的收入及管理费用纳入财财政年财测预测，因此依然维持财政年财测盈利不变。

联昌表示，预计云顶大马的短期盈利前景已经完全反映云顶综合旅游计划（GITP）的利好，因此维持6令吉零5仙目标价和“守住”评级不变。

文章来源：
星洲日报‧财经‧报道：刘玉萍‧2017.07.11

icy97

Type	Announcement
Subject	OTHERS
Description	GENTING MALAYSIA BERHAD ("GENM" or "the Company")Disposal of a subsidiary
The Board of Directors of GENM wishes to announce that E-Genting Holdings Sdn Bhd (“EGHSB”), a direct wholly-owned subsidiary of GENM, has on 31 July 2017 entered into a Share Purchase Agreement with RW Tech Labs Sdn Bhd (“RW Tech Labs”) to dispose of its entire equity interest in E-Genting Sdn Bhd (“EGSB”) for a total cash consideration of RM3 million (“Disposal”). EGSB, a wholly-owned subsidiary of EGHSB, is principally involved in research in software development, and provision of information technology and consultancy services. RW Tech Labs, a company incorporated in Malaysia, is principally involved in provision of management services. EGSB is considered a non-core asset for GENM Group. The Disposal allows GENM Group to further streamline and focus on its core operations in the leisure and hospitality industry. Save as disclosed below, none of the Directors and/or major shareholders of the Company and/or persons connected to them has any interest, direct or indirect, in the Disposal: Tan Sri Lim Kok Thay (“TSLKT”) is a director, shareholder and a holder of the rights to participate in the performance shares of GENM. He is also a director, shareholder and warrant holder of Genting Berhad (“GENT”), which in turn owns 49.32% equity interest of GENM. RW Tech Labs is a wholly-owned subsidiary of Resorts World Inc Pte Ltd (“RWI”), which in turn is a 50:50 joint venture company of Genting Intellectual Property Pte Ltd (“GIP”) and KHRV Limited (“KHRV”). GIP is a wholly-owned subsidiary of GENT. KHRV is wholly-owned by TSLKT. TSLKT is also a director of KHRV.  TSLKT has deemed interest in RW Tech Labs through KHRV and GENT. Mr Lim Keong Hui (“LKH”), a son of TSLKT, is a director of GENM and GENT. He is also a shareholder and a holder of the rights to participate in the performance shares of GENM. LKH has deemed interest in RW Tech Labs through GENT. He is also a director and President of RWI and a director of RW Tech Labs. TSLKT is a director of Kien Huat Realty Sdn Berhad (“KHR”), Kien Huat International Limited (“KHIL”) and Parkview Management Sdn Bhd (“Parkview”), all of which are major shareholders of GENM and GENT. LKH is a director of KHR and KHIL. Both TSLKT and LKH have deemed interests in KHR and KHIL by virtue of being beneficiaries of a discretionary trust which owns non-voting preference shares in KHR and the ordinary shares in KHIL. GENM Group is expected to realise a gain arising from the Proposed Disposal. For illustrative purposes, based on GENM’s audited consolidated financial statements as at 31 December 2016 and assuming that the Disposal had taken place at the beginning of the year, the Disposal is expected to realise a gain of up to RM3 million to GENM Group. The Disposal is not expected to have a material effect on the consolidated earnings and net assets of GENM for the financial year ending 31 December 2017. This announcement is made pursuant to Paragraph 9.19(24) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad whereby EGSB ceased to be a subsidiary of GENM. This announcement is dated 31 July 2017.

icy97

云顶大马次季赚1.93亿
派息4仙

受美元资产的外汇转换损失拖累，云顶大马（GENM，4715，主板贸服组）截至6月30日第二季净利下跌59.40%，至1亿9342万3000令吉，前期为4亿7644万4000令吉。

半年净利5.17亿

上半年净利下跌18.98%，至5亿1693万8000令吉，前期为6亿3801万1000令吉。

第二季营业额增加2.55%，至22亿9158万3000令吉；上半年营业额成长1.49%，至45亿1540万1000令吉。董事部建议派发每股4仙股息，除权日和享有日分别为9月11和13日。

云顶大马在文告中表示，第二季云顶名胜世界的访客增加8%，酒店住宿率达96%。

美国和巴哈马业务带来3亿8490万令吉营收，营运盈利也升高至4500万令吉，主要由于营收增加和巴哈马业务的亏损缩减。至于英国业务则受营收降低和英镑下滑冲击。

该集团第二季营运盈利受美元资产的外汇转换损失所冲击，排除此外汇因素，集团整体营运盈利为下跌7%。

该集团对休闲和酒店业的短期前景保持审慎，但乐观看好长期潜能。

文章来源：
星洲日报‧财经‧2017.08.25

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2017	30 Jun 2016	30 Jun 2017	30 Jun 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,291,583	2,234,605	4,515,401	4,448,959
2	Profit/(loss) before tax	246,788	512,054	591,114	774,170
3	Profit/(loss) for the period	173,576	465,265	468,462	609,396
4	Profit/(loss) attributable to ordinary equity holders of the parent	193,423	476,444	516,938	638,011
5	Basic earnings/(loss) per share (Subunit)	3.42	8.42	9.13	11.28
6	Proposed/Declared dividend per share (Subunit)	4.00	3.00	4.00	3.00
		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 ($$)	3.4100		3.5100

icy97

EX-date	11 Sep 2017
Entitlement date	13 Sep 2017
Entitlement time	04:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Interim single-tier dividend of 4 sen per ordinary share
Period of interest payment	to
Financial Year End	31 Dec 2017
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 Genting,Jalan Sultan Ismail,50250 Kuala LumpurTel: 03-21782266
Payment date	04 Oct 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	13 Sep 2017
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	0.04

墨士甲

今天云顶股大跌。。。 ， 有谁也进货了？

icy97

主题公园延期．成本升
云顶大马财测下修

云顶大马（GENM，4715，主板贸服组）最新业绩逊色，分析员基于成本升高和主题公园延后开张，纷纷下调盈利预测。

联昌研究表示，云顶大马上半年核心净利下跌6.6%至6亿1900万令吉，只相等于该行和市场全年财测的36%和38%，主要受大马和英国的业务拖累。

该行将2017至2019年财测下调1.6～4.6%，以反映更高的营运成本。

艾芬黄氏研究表示，云顶大马表现疲软，是由于大马业务赚幅减少、美元投资的亏损和Bimini投资的一次过资产减值。

该行将云顶大马2017至2019年财测下调0.6～7.4%，以反映成本增加和主题公园延后开幕。

据管理层表示，主题公园将延至2018年下半年开张，原订为2018年第二季。

艾芬黄氏认为，第二季云顶名牌商品城开张后，访客增长8%，因此相信主题公园一旦开幕，将可带动访客大增。

马银行研究表示，云顶大马第二季盈利逊预期，主要因贵宾赢率疲弱，但接下来将可正常化。更重要的是，名胜世界的访客在第二季增长8%（首季跌3%），以及贵宾和大众博彩市场取得双位数增长。

该行基于上半年名胜世界贵宾赢率降低和主题公园延至2018年第四季开张，而将2017-18年财测下调8%/5%，2019年财测则只下调1%，因低赢率和主题公园延后开张的效应长期而言将正常化。

大众研究将云顶大马2017年财测下调10%，但2018年财测不变，同时相信美国麻省投资的不明朗因素将继续困扰该公司。



文章来源：
星洲日报‧财经‧报道：李勇坚‧2017.08.25

icy97

Type	Announcement
Subject	OTHERS
Description	GENTING MALAYSIA BERHAD ("GENM" or the "Company")- Subscription of one additional ordinary share in Apollo Genting London Limited
The Board of Directors of GENM wishes to inform that Genting Ibico Holdings Limited, an indirect wholly-owned subsidiary of the Company, has on 1 September 2017 subscribed for one (1) additional “G” ordinary share of GBP1 in its 50:50 joint venture dormant company, Apollo Genting London Limited (“Apollo Genting”), a company incorporated in the United Kingdom (“Subscription”) which resulted in Apollo Genting becoming an indirect 50.25%-owned subsidiary of the Company. None of the Directors and/or major shareholders of the Company and/or persons connected with them has any interest, direct or indirect, in the Subscription. The Subscription in Apollo Genting will not have any material impact on the net assets and earnings per share of the GENM group for the financial year ending 31 December 2017. This announcement is made pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad as Apollo Genting became a subsidiary of GENM. This announcement is dated 5 September 2017.

icy97

股价回落9%．云顶大马长期看涨

（吉隆坡25日讯）云顶大马（GENM，4715，主板贸服组）今年股价已从高位回落9.4%，大华继显认为美国赌场触礁风险犹存，加上云顶综合旅游计划（GITP）缓步开业推动营运成本，可能拖累短期股价窄幅震荡，但看好主题公园明年开业将可扶持长期前景。

美赌场触礁风险犹存
短期股价窄幅震荡

大华继显指出，受业绩疲弱及GITP开业开销高于预期，拖累云顶大马股价自今年8月杪走跌7.4%，但现有估值仍未反映美国麻萨诸塞州赌场计划一次性减记风险。

“我们相信云顶大马短期股价可能窄幅震荡，短期下行风险为美国赌场一次性拨备及营运成本随GITP逐步开业增加。”

云顶大马是在2016年1月宣布通过认购玛许比万帕诺亚格（Mashpee Wampanoag）部落发出的3亿4740万美元（约15亿令吉）票据，协助后者兴建和管理赌场，但却遭到汤顿居民反对，并将案件带上美国上诉庭。

上诉庭已定下10月30日开庭审议玛许比万帕诺亚格部落及汤顿居民对赌场计划的反对论点支持文件，最终裁决日仍未决定。

目前，云顶大马已努力与部落评估所有投资选项，评估票据回收和对盈利和净资产的影响。

大华继显表示，在最好的情况下，云顶大马盈利只会出现暂时性影响，但若判决不利，集团可能需要为整笔票据进行减记。

展望未来，大华继显说，云顶大马2017财政年第二季财报逊色，主要受GITP开业开销高于预期拉低营运盈利（EBITDA）赚益拖累，但相信碍于GITP阶段性开业成本影响，集团未来2至3季赚益恐难重返35%的正常水平。

“不过，集团长期增长前景依旧完好（2016至2019年营运盈利复合年均增长率为14%），其中预期在2018年中或下半年开幕的20世纪福斯主题公园将是个中关键。”

该行补充，20世纪霍士主题公园开业将吸引更多旅客携带家眷到访，将是推动云顶高原旅客量在2020年达到3000万人次的重大催化因素，同时集团新开业的名牌城、主题公园酒店重新开业及锁定贵宾和豪客的Sky赌场开业也将有望对短期可流量带来提振效果。

整体来看，大华继显认为，云顶大马股价虽已从高位回落9.4%，但现有估值仍处于历史水平的高端，相信估值在主题乐园开门接客前仍可持续企稳，因此上调评级至“守住”，目标价为5令吉15仙。

文章来源：
星洲日报‧财经‧报道：洪建文‧2017.09.25

icy97

助母公司筹资
云顶大马股息看涨

2017年9月27日
（吉隆坡27日讯）因盈利表现强劲加上营运现金流充沛，分析员认为云顶马来西亚（GENM，4715，主板贸服股）对于想要投资大马赌博业的投资者来说极具吸引力。

金融科技公司Smartkarma的亚太区（中日除外）分析员南迪妮指出，公司的旗舰招牌——云顶名胜世界贡献首半年营业额和利息、税务、折旧与摊销前盈利（EBITDA）的62%和79%。

“虽然首半年的胜率较低，但公司的EBITDA和营运赚幅现金流依然相当稳健。”

另外，由于母公司云顶（GENTING，3182，主板贸服股）正在为日本综合度假村项目筹资，因此云顶马来西亚的股息也在提升，而前者现持有后者49.3%。

“云顶马来西亚的股息政策是必须维持25%至35%的支付率。”

负债降至一倍

不过，为扩充和重整云顶名胜世界，云顶马来西亚将需为云顶综合旅游计划（GITP）拨备额外48.8亿令吉的开销。

“自2014年加入GITP起，云顶马来西亚自由现金流一直为负数。不过，随着GITP将在明年完成，公司将可在3年内将债务比率减至1倍，这情况也会随着改善。”

总的来看，南迪妮认为，在无需考虑母公司云顶扩展的风险情况，对于意欲在大马得到极严管制的博彩业内分一杯羹的投资者来说，云顶马来西亚会是佳选。【e南洋】

icy97

云顶大马全控英国餐饮公司

2017年11月11日
（吉隆坡11日讯）云顶马来西亚（GENM，4715，主板贸服股）宣布，独资子公司云顶Solihull私人有限公司，收购旗下联号公司英国Waters Solihull私人有限公司的剩余股权。

云顶马来西亚日前向交易所报备，子公司原持有该餐饮联号公司51%股权。

因此，随着这次对49%股权的收购活动完成后，Waters Solihull公司将成为云顶Solihull的独资子公司。

云顶Solihull将向James Driscoll联号有限公司和Andrew Mark Waters，分别收购25股和24股A等级股，不过云顶马来西亚没有公布其收购价值。【e南洋】

Type	Announcement
Subject	OTHERS
Description	GENTING MALAYSIA BERHAD ("GENM" or "the Company")Acquisition of balance of shareholding in a 51%-owned associate company, Waters Solihull Limited
Further to the Company’s announcement made on 18 March 2016, the Board of Directors of GENM wishes to inform that Genting Solihull Limited, an indirect wholly-owned subsidiary of GENM, had acquired the balance of 49% shareholding in Waters Solihull Limited (“WSL”), a 51%-owned associate company incorporated in the United Kingdom, from the following shareholders: 25 ‘A’ ordinary shares from James Driscoll Associates Limited; and 24 ‘A’ ordinary shares from Andrew Mark Waters. (Collectively “Acquisitions”). The considerations for the Acquisitions are nil pursuant to the Shareholders’ Agreement previously agreed between the shareholders of WSL. Following the Acquisitions, WSL became an indirect wholly-owned subsidiary of the Company. None of the Directors and/or major shareholders of the Company and/or persons connected with them has any interest, direct or indirect, in the Acquisitions. The Acquisitions in WSL do not have any material impact on the net assets and earnings per share of GENM group for the financial year ending 31 December 2017. This announcement is made pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad as WSL became a wholly-owned subsidiary of GENM. This announcement is dated 8 November 2017.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2017	30 Sep 2016	30 Sep 2017	30 Sep 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,269,300	2,199,717	6,784,701	6,648,676
2	Profit/(loss) before tax	249,823	519,655	840,937	1,293,825
3	Profit/(loss) for the period	172,256	532,155	640,718	1,141,551
4	Profit/(loss) attributable to ordinary equity holders of the parent	193,372	555,733	710,310	1,193,744
5	Basic earnings/(loss) per share (Subunit)	3.41	9.82	12.55	21.10
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	4.00	3.00
		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 ($$)	3.4000		3.5100

icy97

“赌运”欠佳 成本料续增‧云顶大马财测调低

（吉隆坡24日讯）云顶大马（GENM,4715,主板贸服组）第三季“赌运”欠佳，成本也可能继续增加，分析员多调低盈利预测。

不过，两家证券行的分析员指出，云顶大马近期股价回落，上涨空间扩增，决定上修云顶大马的评级。

第四季业绩料回勇

马银行研究相信，在主题乐园等项目启动之下，云顶名胜世界可能增聘1000名员工，加重雇用开销，以致该行下修盈利预测，并指出，如果美国麻省赌场建不成，云顶大马估值将进一步下降。

大华继显看好云顶大马第四季业绩将回勇，而主题乐园预定明年底开张也能提振业务表现，是唯一保持盈利预测的证券行。

文章来源：
星洲日报／财经·2017.11.24

icy97

主题乐园开销高
云顶大马上半年盈利看淡

2017年12月23日
（吉隆坡23日讯）云顶综合旅游计划（GITP）新设施推高折旧与营运开销，云顶马来西亚（GENM，4715，主板贸服股）营业额增幅，可能追不上成本攀升的幅度，分析员因而看淡明年上半年的盈利展望。

大众投行研究分析员说：“这些主题乐园会提高访客数量，但净利可能不会立刻增长，因为折旧成本与其他营运开销走高。”

分析员相信，盈利会在明年下半年方有起色，全年盈利料攀升25%。

截至9月杪，云顶马来西亚在GITP投入78亿令吉，占总项目成本的75%。

该公司计划明年开放云天娱乐场贵宾室、室内主题乐园上半年投运，20世纪福斯主题乐园则是下半年开张。

整体来说，分析员正面看待GITP的进度。

至于采用新策略的英国与美国业务，着重于赚幅高且稳定的高端大众市场，对此分析员认为，英国业务明年会带来10%的利息、税务、折旧与摊销前盈利（EBITDA），美国与其他则是8%。



担忧美国减值风险

另外，美国法庭正评估玛许比万帕诺亚格（Mashpee Wampanoag）部落对综合博彩度假村项目地皮的权利，分析员指出，投资者依然担忧该投资的潜在减值风险。

截至9月杪，云顶马来西亚在玛许比万帕诺亚格部落票据，投资了3亿6890万美元（约15亿6000万令吉）。【e南洋】