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  valuelurker Nomura Buy call Genting Malaysia to see EBITDA turnaround from 4Q20 as domestic tourism aids Resorts World Genting: Nomura Ben Blaschke by Ben Blaschke Friday 18 September 2020 at 05:38 Genting Malaysia can expect to see an EBITDA turnaround starting from the fourth quarter of 2020, with all of its major casinos now open again and domestic tourism aiding the recovery of its flagship Malaysian IR Resorts World Genting. According to a report on Malaysia equity strategy published by a team of Nomura research analysts on Thursday and examining the state of the Malaysian economy during COVID, Resorts World Genting is already showing strong signs of recovery – up to 40,000 visitors per day and with the 50% of hotel rooms open sitting at 90% average occupancy since reopening in June. “We expect Resorts World Genting to stage a gradual recovery over the coming quarters, with a sharp inflection come FY22 with the opening of the theme park (official timeline is mid-2021, but prone to slippages),” Nomura’s report said. However, the reopening of the company’s US casinos at Catskills and New York City, “combined with the good footfalls seen at the Malaysian casino since reopening in June due to low dependence on a foreign clientele, should result in a turnaround in EBITDA from the 4Q20 results season.” Nomura noted that while fellow Genting Group subsidiaries like Genting Singapore, which rely far more heavily on inbound tourism, face a much longer recovery time, Genting Malaysia is performing well due to domestic tourism. “While international inbound traffic is essentially negligible, domestic tourism seems to be filling the void, as Malaysians are vacationing within the country,” it says. “A study of Google Search Trends in Malaysia shows that while airline search trends are still below pre-COVID-19 levels, searches for terms relevant for local tourism within Malaysia such as ‘hotel bookings’ and ‘Genting’ are almost back to pre-COVID-19 levels, whereas search trends for COVID -19 have declined, suggesting fading fear factor.” Nomura has maintained its Buy rating for Genting Malaysia stock, which it says it prefers over Genting Berhad due to a better balance sheet and concerns over short-term ROIC for the latter’s Resorts World Las Vegas project. https://www.asgam.com/index.php/2020/09/18/genting-malaysia-to-see-ebitda-turnaround-from-4q20-as-domestic-tourism-aids-resorts-world-genting-nomura/ 21/09/2020 4:39 PM  M2 If your set is right, then short selling this counter can make ton of money. Many has start short this counter since early September. stocktrade101 on your mark, get set 2.1x, 2.0x, 1.9x, 1.8x... 21/09/2020 3:09 PM 21/09/2020 4:44 PM  ongth60 https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.fnlondon.com/amp/articles/malaysia-extends-short-selling-ban-to-end-2020-20200629&ved=0ahUKEwiH66-3-fnrAhX1wzgGHWY0BjQQyM8BCDYwAg&usg=AOvVaw3G9SWF8Zd6WgHaLbl9idCR&cf=1 21/09/2020 5:37 PM Ronaldh Genm counter put for mid term sure can bear fruits. Dividend also got 10% per year. Where to find. 21/09/2020 5:55 PM Zero2One what if all the funds are used to rescue Genting HK? then where is the fund for dividend? 21/09/2020 5:57 PM  cockroach Those people who give low TP usually will missing once the stock price ramping up. Not sure either they participate to join it. Or else go to other counters give lower TP again.... 21/09/2020 6:17 PM cockroach I will give my own TP too.. my lowest TP will be 2.00-1.80 by next quarter. 21/09/2020 6:26 PM sharewiz118 When investor sell and run out you should run in to grab the cheap shares, how often can u buy at cheap price ? If it drop below RM 2.10 i'll goes all in because in long-long term it can breach RM3.00 21/09/2020 9:30 PM sharewiz118 If casino are closed or beer are ban, probably illegal gambling den would mushroom everywhere and illegal samsu haram would be brew in the jungle. Lastly Genting would shift their business to other part of the world and certainly it won't tutup kedai. 21/09/2020 9:49 PM DickyMe "Posted by sharewiz118 > Sep 21, 2020 9:49 PM | Report Abuse If casino are closed or beer are ban, probably illegal gambling den would mushroom everywhere and illegal samsu haram would be brew in the jungle. Lastly Genting would shift their business to other part of the world and certainly it won't tutup kedai." ===================================================== Every illegal activities are still happening without bars and casinos closed. It's protected by you know la who. 21/09/2020 9:53 PM padanggrus drop until Nov , after US election , why Walls Street declare these Bank problem these day the only purpose is drag down the market , and make Trumps lose ! 21/09/2020 11:15 PM positive_investor I like his explanation on the ongoing situations amid economic recovery and personally I still prefer to invest into laggards especially with strong balance sheets. https://www.youtube.com/watch?v=F82Pzpi3e1I 22/09/2020 7:27 AM Jeffreyteck Q3 and Q4 will be bad too, how much have priced in? Market momentum and chief traders will decide its direction. Used to bought back treasury shares above $5, then above $4, now disposed partly (?) and no longer buy back. TP remains $2.50 by 2021. 22/09/2020 8:20 AM positive_investor Hi jeffreyteck, the company still have 284,808,962 treasury shares to date. It's possible they could reward shareholders with treasury shares. That represents about 4.8% of total outstanding shares in circulation. 22/09/2020 10:02 AM emsvsi Based on latest reports visitors to resorts world genting now already back to before covid-19 level 22/09/2020 11:03 AM emsvsi Buy at 2.10 - 2.30 range sure no wrong. Thank you mr market for great opportunity again 22/09/2020 11:04 AM  paperplane https://www.theedgemarkets.com/article/worst-over-genting-malaysia%C2%A0%E2%80%94-rhb 22/09/2020 12:12 PM positive_investor Cancelling or giving out treasury shares. Which is better or I should ask which do you guys as shareholders would prefer? Kindly give some feedback on this. Thanks. 22/09/2020 12:19 PM valuelurker GENM is the only correct recovery theme play Genting Malaysia holds a monopoly and due to covid-19 is the number one holiday destination in the country, with visitation numbers climbing everyday just look at the videos or open waze and look at the traffic GENM is a minimum rm6 by 2021 coming out of a recession it has been proven every single time that the good times will roll and gaming profits soar to record highs The risk:reward is 40:1 all you need to do is go up Genting and see for yourself the people and the impossible dream that uncle Lim built to last the test of time In GENM we trust sialanggggg 22/09/2020 12:50 PM skybursa Cash dividend are most welcome. I sold 800,000 shares in Ytlpower because the company give shares dividend instead of cash. Investors will be disappointed with extra shares and not cash 22/09/2020 12:52 PM  Alfonso According to theedge, worse is over, let me tell u even the worse is not over, i will support Genting Malaysia to end of the world. 22/09/2020 3:15 PM Alfonso do not expect to get in 1.5, friends just buy no time to explain already. 22/09/2020 3:17 PM emsvsi Uncle lim say no need wait october to fly haha ! Only company where the profits sure become better and better compared to glove where profit only wait to drop back to normal huat ah ! 22/09/2020 4:35 PM emsvsi My sincere advice to buy at current level 2++ is minimum lowest now very safe price just buy and wait for musang king to drop Yours truly, EMSVSI 22/09/2020 4:38 PM  | APPS  I3 Messenger Individual or Group chat with anyone on I3investor  MQ Trader View candlestick stock charts with Technical indicators  MQ Affiliate Be rewarded by being an MQ Affiliate
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