Highlights
KLSE: GENM (4715)       GENTING MALAYSIA BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
4.34   +0.05 (1.17%)  4.30 - 4.35  106,500
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Overview

Market Cap: 25,771 Million
NOSH: 5,938 Million
Avg Volume (4 weeks):7,347,165
4 Weeks Range:4.29 - 5.07
4 Weeks Price Volatility (%):
6.41%
52 Weeks Range:4.29 - 5.82
52 Weeks Price Volatility (%):
3.27%
Average Price Target: 5.56
Price Target Upside/Downside: +1.22

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2018 [#2]  |  29-Aug-2018
Next QR | Est. Ann. Date: 30-Sep-2018  |  23-Nov-2018
T4Q P/E | EY: 18.45  |  5.42%
T4Q DY | Payout %: 1.54%  |  28.49%
T4Q NAPS | P/NAPS: 3.2114  |  1.35
T4Q NP Margin | ROE: 13.73%  |  7.32%

Headlines

Date Subject
03-Oct-2018 Gaming - Year-end Peak Season Is Coming
25-Sep-2018 云顶马来西亚 上涨空间超10%
19-Sep-2018 云顶马来西亚 庞大人流撑盈利
18-Sep-2018 PublicInvest Research Headlines - 18 Sept 2018
18-Sep-2018 Mplus Market Pulse - 18 Sept 2018
08-Sep-2018 [转贴] 斤经济较:如何实地考察?(GENM)- 夜月
30-Aug-2018 Genting Malaysia - Volume of VIP business hit by World Cup in 2QFY18
30-Aug-2018 Genting Malaysia Berhad - Higher Contribution From Malaysia
30-Aug-2018 Mplus Market Pulse - 30 Aug 2018
30-Aug-2018 Genting Malaysia - 2Q18 In Line; Higher Dividend Payout
30-Aug-2018 Genting Malaysia - GITP Continues to Bear Fruits
30-Aug-2018 Genting Malaysia - Improving Profitability
10-Aug-2018 热门股:云顶马来西亚上挑5.47令吉
09-Aug-2018 Technical Analysis - Genting Malaysia
03-Aug-2018 下跌股:云顶大马RM4.90支撑
02-Aug-2018 Technical Analysis - Genting Malaysia
12-Jul-2018 Genting Malaysia - Issues another RM2.6bil MTN
04-Jul-2018 Gaming - Riding on 3-month Tax-holiday
18-Jun-2018 1Q18 Results Wrap - Latest Stock Picks!
11-Jun-2018 Gaming – Malaysia - Casino Segment’s Turn To Shine

Business Background

Genting Malaysia is a resorts and casino company and is a subsidiary of the holdings company Genting. The company has two primary business segments: Leisure & Hospitality and Properties. The Leisure & Hospitality segment operates numerous resorts, many of which include casinos, theme parks, concerts, restaurants, and retail shopping locations. The flagship resort operates five hotels, an amusement park, and entertainment venues. The Properties segment controls and leases real estate. The company generates the vast majority of its revenue in Malaysia.
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  5 people like this.
 
laychee I think selldown of all index + construction stocks. Big shuffle. Most likely due to Budget 2019 austerity measures. Like what happened to Greece a few years back after 7 years of bond issuing to put in Budget during Najib administration. You either do it now or suffer more severe consequences later like Greece.
10/10/2018 13:29
Junichiro New taxes coming up. All this because of 1MDB shit.
10/10/2018 14:28
somersby all bcause najib and rosmah, makan makan makan until msia become worst
10/10/2018 15:02
Alvin Low Kin Weng New government may impose higher tax to gaming industry to cover Government debt in coming Budget plan 2019
10/10/2018 15:03
Valuespec PH goverment should not punish Rakyat because of Najib & Rosmah..short-sighted
10/10/2018 16:51
somersby Ph gov should approved many casino, so can get many tax, open 2 casino for every big city, 1 for town 1 for kampung , every where also got casino
10/10/2018 19:11
somersby Let sands,wynn,studio city, sjm, all join in
10/10/2018 19:14
Junichiro Posted by Valuespec > Oct 10, 2018 04:51 PM | Report Abuse

PH goverment should not punish Rakyat because of Najib & Rosmah..short-sighted

PH is not punishing us but trying to fill up the massive hole in the ground so that the rakyat won't fall into the hole.
10/10/2018 19:52
jamestecs Wow... $.$
11/10/2018 13:30
ov123 This stock will take a direct hit. That is the problem when you operate in just one market.
11/10/2018 13:35
EasyInKlse Genting malaysia laosai......
11/10/2018 14:58
FullTimeTrader Sin tax nightmare
11/10/2018 15:27
FullTimeTrader Ph government nightmare
11/10/2018 15:29
EasyInKlse Coming too below rm4 ........is back too rm3+
11/10/2018 15:43
secret1q market react fast on possible news
11/10/2018 16:28
secret1q over drop may rebound then drop even more
11/10/2018 16:28
somersby what lim kok thay feel now?
11/10/2018 21:28
dusti Sure up tomorrow
11/10/2018 21:59
freddiehero hope can stand 3.50 above, if cant wil go lower..
11/10/2018 22:15
Junichiro Genting casino n resort is still doing brisk business. The drop is probably due to foreign selling in anticipation of CGT on share trading profits.
11/10/2018 22:44
Junichiro You must have funds to hold the shares. If not better stay aside. Share prices does not obey trend lines. It does not obey fibonacci levels. Nor does it obey the Elliott Wave. The stock mart has its own mind. Anything is possible.
11/10/2018 22:49
gift It's a great time to buy this counter if it can go down to 4. Good business next year.
12/10/2018 09:16
kevin5059 Those who never been to genting for the passed two years, please pay there a visit. I was there 2 month ago and I'm very impressed with what they have been done for the pass few years..
12/10/2018 11:01
bose00 In my watchlist
12/10/2018 11:02
Victor Yong higher gambling tax soon
12/10/2018 15:40
SB Lim i think the new government is going on to a taxing spree, why squeeze on your voters while they should work outwards to invite more investments to the country. Petronas should also follow Aramco as the oil industry is a sunset industry, the world will be powered by renewable energies in the near future.
Rope in those corrupted asap, till today a handful has been arrested but the WHALES still swim. When a thief was caught stealing a packet of rice to feed his family, he is jailed almost instantly. What happens to all the WHALES in Malaysia???
12/10/2018 20:49
freddiehero coming 2.0?
12/10/2018 20:58
dompeilee Quite empty in October: https://www.youtube.com/watch?v=Ur170p1QVhs
13/10/2018 16:29
dompeilee Part 2 : https://www.youtube.com/watch?v=mSJz_3vc8mI
13/10/2018 21:29
yakleng09 right time to buy now before theme park open?
15/10/2018 00:39
dompeilee Bought some Genm @ 4.39 for investment
15/10/2018 09:13
ivy88_ No capital gain or inheritance taxes will introduce in Budget 2019. At least peace of mind for now. Hope GITP indoor theme park open early Nov, then will push up it actual business revenue.

https://www.thestar.com.my/business/business-news/2018/10/15/no-inheritance-capital-gains-tax-in-budget/
15/10/2018 10:03
KellyGan Right time to buy now??
15/10/2018 11:19
zerosumplayer casino tax is bound to increase.
15/10/2018 11:43
dusti Yes should be a good time to buy. Dropped from 5.07 this month. Will recover and pretty fast too.
15/10/2018 12:25
KellyGan I Sold @ 5.06. After that keep on dropping. I was thinking is the price will goes lower somemore?
15/10/2018 12:39
Crybabiescry what cause the price to drop?
15/10/2018 13:08
Johnson Lim market reacted to the tax issue
15/10/2018 14:33
Junichiro High likely foreign selling is not over yet, looking at its volume.
15/10/2018 14:42
laychee If LGE doesn’t come out to deny, this will spooke the market for another 2 weeks.
15/10/2018 14:45
shpg22 TQ LGE for let us buy GENM at discounted price. Heil to Pakatan & guan eng
15/10/2018 15:35
PHconman lge n dap are buying up gamuda,genm shares..this is the strategy so that DAP will become rich like MCA for next GE
15/10/2018 15:54
laychee Pakistan takes care of poor people, I like that! Most people here are rich, so it is not a problem.
15/10/2018 16:07
ivy88_ Fear over gaming tax is overblown, nowadays Investor really look on short term & sensitive to headline news. As seem like totally forget of coming GITP revenue boost from visitors, travellers for this coming Skytropolis (expected to open in Nov, 18) & Fox 20th century theme park (early 2Q19). Also don't forget now is 4Q18 holiday season & coming 1Q19 CNY big gamblers from China are coming for holiday travel too. That's huge potential here to capture the market!

The downside risk include higher-than-expected start-up operating and depreciation costs for
its newly-opened GITP properties, and substantial regulatory changes (gaming tax) if risk really occur.

Read back this expectation from analyst report from Nomura analyst.
-------------------------------------------------------------------------------------------------------------------------------

GEN Malaysia to post 24pct earnings CAGR 2018-19: Nomura

Japanese brokerage Nomura says it expects casino operator Genting Malaysia Bhd to achieve a 24-percent earnings compounded annual growth rate (CAGR) for the period between 2018 and 2019. Such growth will be driven by the firm’s ongoing “large-scale capacity expansion”, it added.

Genting Malaysia mentioned that it was “looking forward to the roll out” in 2018 of a 20th Century Fox World Theme Park at its Resorts World Genting casino resort outside the Malaysian capital Kuala Lumpur, as well as to the opening of a new indoor theme park at the property. The facilities are part of the Genting Integrated Tourism Plan (GITP), a multi-phase initiative described by the firm as a 10-year master plan for a major revamp for Resorts World Genting.

Genting Malaysia runs Resorts World Genting, Malaysia’s only casino resort, and operates casinos in the United States, the Bahamas and the United Kingdom.

“We reaffirm our buy rating on Genting Malaysia as one of the few global integrated resorts undergoing large-scale capacity expansion, which is likely to drive this earnings growth (we forecast full year 2018-2019 earnings per share CAGR of 24 percent), and puts it in a sweet spot to benefit from the regional tourism theme,” Nomura analyst .

He added that recent growth in the number of visitors and gaming volumes at Resorts World Genting – as demonstrated in Genting Malaysia’s most recent quarterly results – successful in boosting demand with the opening of new gaming floors and attractions at the property.

In a note published earlier this month, CIMB Investment Bank Bhd suggested that Genting Malaysia may see its margins hurt in the near-term by potentially increasing operating costs. The casino operator’s margins could be under pressure “at least for the first half of 2018”, as the growing operational costs related to the opening of new facilities “could outpace” revenue growth, CIMB Investment Bank stated.
15/10/2018 16:25
jamestecs Gov Tax not a big deal, it is global market all under pressure!!!
15/10/2018 17:53
loonginv just let them sell, I'm waiting to collect, 4? kikiki
15/10/2018 18:39
SB Lim i see potential in GENM that is why I bought in instead of CIMB which i disposed earlier. About the gaming tax, I do not think the government is going to increase it drastically until the casino is not competitive with its competitors within this region moreover if the revenue can not support the expansion of the resort, it will affect the arrival of tourists hence decrease in tax revenue.

personally,i feel the government should sell their assets more to pay off the debts incurred by the previous government rather than imposing more taxes on their voters which are going through a rough patch now; we are already cuti cuti Malaysia now, soon we will cuti cuti rumah sendiri.

the government should also rope in all the corrupt individual from the previous government as soon as possible, confiscate their assets just like Prince Salman of Arab who has recuperated USD 100 billion from those culprits.

more tax on the public is not the answer to pay off debts, i sincerely hope the present government should think of other ways to resolve the debt issue.
15/10/2018 22:57
kyy_superinvestor I waiting at 3.5 tut tut
16/10/2018 06:11
Cimbnet Company share buy back lo
16/10/2018 08:51
Kpin Yeoh I observed one of the common retailer mindset. When stock crash below a intrinsic value people keep saying can go far more cheaper. When stock price shoot up until unreasonable PE people dream of sky is the limit. That is why fund manager make money.
16/10/2018 08:54


 

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