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10 things I learned from the 2021 Genting Malaysia AGM
By The Fifth Person  •  November 19, 2021
Incorporated in 1980 and listed on Bursa Malaysia in 1989, Genting Malaysia Berhad owns and operates resort properties across the globe including Resorts World Genting in Malaysia, Resorts World Casino New York City in the U.S., Resorts World Birmingham in the U.K., and Resorts World Bimini in Bahamas. Just like how airline stocks and hospitality businesses took a beating amid the pandemic, Genting Malaysia was not spared from the impact. Here are 10 things I learned from the 2021 Genting Malaysia AGM. 1. Revenue was down 56.5% year-on-year to RM4.5 billion in 2020 because of the unprecedented challenges brought on by the pandemic and the subsequent intermittent lockdowns. The company recorded net loss of RM2.3 billion during the year compared to RM1.4 billion net profit in 2019. DPS was down from 20 sen in 2019 to 14.5 sen in 2020. Dividend yield stood at 5.4% in 2020. 2. Minority Shareholder...
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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