Saturday 29 December 2018

Genting is still top.


Crisis present the best of opportunity, and those with cash can swoop in and buy whatever they want at a palatable valuation. 
In terms of cash-rich companies, Genting Bhd remains as the largest net cash company with RM9bil as of Nov 30, almost unchanged compare with the previous quarters ended September 2017.

It would be interesting to see if the cash position remains in the following year, considering the challenging year it has had. 

During Harapan's maiden budget, punitive measures were handed out on Genting when casino duties were revised up to 35% which is a 10% increase, effective Jan 1. - courtesy of The Star 


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