Intel heads into its April 23 earnings with rising investor expectations , but the key question remains whether AI-driven CPU demand can offset ongoing margin weakness . Revenue Stable, But Margins Under Pressure Intel is expected to deliver Q1 revenue around US$12.4 billion , slightly above the midpoint of its guidance range. However, the real concern lies in profitability: Gross margin guided at 34.5% , down from 39.2% a year ago EPS near breakeven (~US$0.00) vs US$0.13 last year This highlights continued pressure from costs, utilisation, and product mix , despite improving demand signals. AI CPUs: A Key Growth Driver Intel’s near-term bullish case centers on AI-related CPU demand , particularly its Xeon processors. A key development is its partnership with Alphabet , which reinforces: Intel’s role in AI data centre infrastructure Growing demand for AI inference and general-purpose computing Investors will watch c...
Higher Finance Costs, Weaker Revenue Impact Earnings
- Genting Bhd (KL:GENTING) reported a net loss of RM169.39 million for 4QFY2024, reversing from a RM150.99 million profit a year earlier.
- The group's first quarterly loss since 4QFY2022 was driven by higher finance costs, net impairment losses, and increased losses from joint ventures and associates.
- Quarterly revenue fell 5.3% to RM6.88 billion due to weaker performance in the leisure and hospitality segment, exacerbated by the strengthening of the ringgit against key foreign currencies.
Dividend Declared at Lower Payout
- Final dividend of 5 sen per share, down from 9 sen last year, bringing total FY2024 dividend to 11 sen per share, compared to 15 sen in FY2023.
Financial Performance Breakdown
- Adjusted EBITDA down 27% YoY to RM1.68 billion from RM2.29 billion.
- Finance costs rose 35.1% to RM513.36 million.
- Impairment losses declined 54.7% to RM26.94 million.
- Share of losses from joint ventures and associates surged over 3x to RM69.29 million.
Full-Year Net Profit Drops Despite Higher Revenue
- FY2024 net profit fell 5% to RM882.95 million despite revenue rising 2.21% to RM27.72 billion.
- Full-year adjusted EBITDA remained stable at RM8.78 billion, compared to RM8.84 billion in FY2023.
Outlook: Optimism in Tourism, Gaming & Expansion
- Genting expects global tourism growth to sustain recovery, benefiting its regional gaming market.
- Genting Malaysia Bhd (KL:GENM) is cautiously optimistic, focusing on:
- Marketing strategies to boost visitation at Resorts World Genting (RWG).
- New ecotourism experiences and infrastructure upgrades at Genting Highlands.
- 60th-anniversary promotional events to attract more visitors.
- In the US, Genting aims to expand its market presence and operational capabilities.
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