Type something and hit enter


[12Invest] 壹贰讲股 -不做标题党,摆明跟你讲我要谈GENM (4715) 云顶大马 GENTING

MALAYSIA!Image may contain: sky, cloud, outdoor and text

先介绍一下这家Resorts World Catskills (RWC),他其实是Empire
  •  100,000 sqf 赌场场地
  •  322-suite 高级酒店
  •  9-hole golf course
  •  1,600 架slot machine
  •  150 座live tables
用RM 760 Million 左右的价格收购这家公司49% 的股份,是否值得呢?
首先,这家公司我大概看了一下,是在于亏损状态的,尤其是FY 2018,亏损更是高达
USD 138 Millon。
但是,这个亏损并不是一直以来都是那么高的,而是在2018 February RWC 进行营业
根据Rhb 的报告,一家赌场通常是在2-3年内才会吧EBITDA 转正(也就是说转亏为
盈),RWC 目前才营业了一年半,也难怪出现了亏损。
如果GENM 真的打算收购Empire Resorts后privatize,亏损的carry forward 大概是这样
enlightened Q1 FY2019 - RM 268 Million
enlightened Q4 FY2018 - RM 720 Million
enlightened Q3 FY2018 - RM 400 Million(拿出一次性”亏损”后)
enlightened Q2 FY2018 - RM 396 Million
总数:RM 1,784 Million 

加上Empire Resorts 49% 被收购的亏损(约RM 288 Million),最后的figure 是:
= RM 1,496 Million 

除于公司股票的数量的话,EPS 是25.20 ,股价是RM 3.18,大约算了P/E 是 12.62 ,

在加上Empire Resorts 未来很有可能转亏为盈,你们觉得怎样呢?

*P/S:RhB 报告里面有提到公司可能和bet 365 online 合作,不知道会不会实现呢?

enlightened———— Check us out ————enlightened
     WEBSITE • @12ingroup
     FACEBOOK • 12Invest
     INSTAGRAM • @12ingroup
     TWITTER • @12_invest
All the views and opinions expressed in our post are for education and informational purposes only and it should not be considered as professional financial investment advice or buy/sell recommendations. We strongly encourage you to do your own research and take independent financial advice from a professional before you proceed to invest.
We make no representations as to the accuracy, completeness, correctness, suitability, or validity of any information on our Facebook Page/Group and will not be liable for any errors, omissions, or delay in this information or any losses and damages arising from its display or usage. All users should read the posts and analyze the information at their own risk and we shall not be held liable for any losses and damages.

Back to Top
Back to Top