still hot ;)

Trending Now - Hot Stocks Today
Rank Company Score
1 GENM 1000
2 HIBISCS 498
3 ARMADA 465
4 AIRASIA 441
5 MYEG 307
6 JAKS 291
7 TM 287
8 SAPNRG 240
9 GENTING 227
10 INARI 212

volume normalized already...........on uptrend now.... nothing could stop it


Date Open Range Close Change Volume
04/12/2018 2.92 2.88 - 2.97 2.96 +0.05 (1.72%) 28,304,500
03/12/2018 2.79 2.78 - 2.96 2.91 +0.05 (1.75%) 78,654,000
30/11/2018 2.85 2.76 - 2.95 2.86 +0.02 (0.70%) 57,138,900
29/11/2018 3.03 2.81 - 3.03 2.84 -0.16 (5.33%) 107,935,800
28/11/2018 2.99 2.97 - 3.07 3.00 0.00 (0.00%) 103,783,700
27/11/2018 3.00 2.93 - 3.22 3.00 -0.60 (16.67%) 276,301,400
26/11/2018 3.59 3.56 - 3.60 3.60 +0.01 (0.28%) 10,747,900

nomura's valuation at rm3.40 might atrract japanese institutional funds to buy genm .... fingers crossed

buy rate 60% now

possible to break rm3 today

Nomura just revalued at higher target price today plus a buy call :)


Nomura also noted that the resort earnings ramp-up was better than it had expected. In the third quarter, the Malaysian leisure and hospitality business saw revenue rise 26 percent on year to 1.70 billion ringgit, mainly on higher mass-market business after opening new facilities and attractions.

The investment bank increased its Malaysia earnings before interest, tax, depreciation and amortization (EBITDA) forecasts by 8-9 percent each for 2018 and 2019 for the earnings beat, while increasing its net income forecasts by 5 percent and 16 percent respectively.

It increased its target price to 3.40 ringgit from 3.00 ringgit.

“We expect GENM’s next leg of growth to come from its capex in Malaysia, which is a growing cash cow for the company and has boosted visitation and revenues,” Nomura said.

siapa mau jual sekarang, bodohlah .... baru hari ini turned green, just started the uptrend with analyst's more positive, etc...

Date Open Range Close Change Volume
30/11/2018 2.85 2.76 - 2.95 2.86 +0.02 (0.70%) 57,138,900
29/11/2018 3.03 2.81 - 3.03 2.84 -0.16 (5.33%) 107,935,800
28/11/2018 2.99 2.97 - 3.07 3.00 0.00 (0.00%) 103,783,700
27/11/2018 3.00 2.93 - 3.22 3.00 -0.60 (16.67%) 276,301,400
26/11/2018 3.59 3.56 - 3.60 3.60 +0.01 (0.28%) 10,747,900

Actually Q4 belum lagi, external audit only after Q4, genm provides for impairment in Q3, maybe, to lower the the net assets per share to RM3.10... and then top up less for privatisation.... my guess only :)

even small gaming company like RGB , its current market price is higher than its net assets per share :)

Now, net assets per share is RM3.10, it means negative goodwill... many assets of GenM has not been revalued also.... :)

another way to unlock value of GenM, spin off the biz in USA, Uk and other countries via IPO :)

possible for privatisation.... relist genM with only the malaysian biz... biz in usa, uk and other countries could remain private or relist separately

Solid evidence for GenM to win the case against Disney/fox :)

Integrated plan: The Genting Theme Park at Genting Highland Resort. Genting Malaysia has embarked on a 10-year masterplan in 2013 to reinvigorate and transform Resorts World Genting. — AP

PETALING JAYA: This isn’t the first time that Mickey Mouse got the better of Genting Malaysia Bhd .

In 2011, Genting Malaysia and the powerful Walt Disney Co were at opposing ends, with the former wanting to create the largest casino in the country while the latter was adamant on advancing its family-friendly vacation theme parks.

With Disney being one of the most important taxpayers in the sunshine state of Florida, it is not surprising that some seven years have passed and Genting is still without its casino.

However, back then, Genting paid US$236mil in cash for The Miami Herald headquarters land in 2011 and US$185mil for the adjoining Omni retail and hotel complex. Genting announced plans to bring a 5,000-room casino resort to the area. It also assembled an influential team of lobbyists, lawyers and consultants.

Attempts to get a casino approved in Tallahassee have been dashed repeatedly, and the land has remained barren.

It also hopes to bring gambling to the Omni complex under existing casino laws but that effort has also fizzled.

On the other end, Disney has paid US$20mil for an initiative to ensure Florida is not the next Vegas.

A Florida ballot initiative this month gives voters the power to block any expansion of casino gambling, with some saying that this could effectively crush gaming companies’ long and costly efforts to expand into Florida.

Bloomberg reported that if approved, amendment three of the Florida Constitution would require 60% state-wide support for any new casinos. That threshold would protect the local hegemony of the Seminole Tribe of Florida, which operates gambling establishments under federal law allowing Native Americans to do so, and entertainment giant Walt Disney Co.

Together, Disney and the Seminoles have given about US$36mil to bolster this measure.

Back home, Genting Malaysia embarked on a 10-year masterplan back in 2013 to reinvigorate and transform Resorts World Genting under the Genting Integrated Tourism Plan (GITP).

It had introduced various new facilities and attractions which include the First World Hotel Tower 3, the new Awana SkyWay cable car system, the newly refurbished Theme Park Hotel, the new Crockfords Hotel as well as new attractions in the SkyAvenue entertainment complex. In 2017, it opened the Genting Highlands Premium Outlet.

The Fox theme park is part of the GITP and was supposed to be one of its main highlights.

The Fox World Theme Park and the Skytropolis Indoor Theme part were supposed to create 7,000 jobs at the resort, as well as require new power sub-stations and water treatment plants to cater for future growth.

Phase two would see the construction of more luxury hotels as well as a show arena with a seating capacity of up to 10,000.

Genting Malaysia owns and operates major properties including Resorts World Genting in Malaysia, Resorts World Casino New York City in the United States, Resorts World Bimini in the Bahamas, Crockfords Cairo in Egypt and over 40 casinos, including Resorts World Birmingham, in Britain.

In Britain, Genting Malaysia is one of the largest casino operators with 42 operating casinos. It operates six casinos in London and 36 casinos outside of London.

those who understand accounts continue to buy non-stop :)

dont know how high the stock could rise if impairment is reversed in Q4 and outdoor theme park is confirmed open in 2019 :)

genm is fun,,from 5+ to 2+ now this year, next quarter, Q4, very likely, reverse the impairment, add it back again haha...........

grab some, rerating for update on theme park haha

8-year low... ended today :)

Q3 results excluding the provision for impairment, Profit from operations before impairment
losses RM661,603,000.... double Q3 , 2017.at RM300,935,000... tahu baca akaun kah? :)

once top mgmt update on outdoor theme park, another major upward rerating for sure :)

Rerating after news on outdoor theme park :)

CIMB Research said GENM’s visitor arrivals inched up 2% on-year in 3Q18, a disappointment compared to 1H18’s 21% on-year growth. On average, 72% of the visitor arrivals were day-trippers, in line with our expectations.

“Average room rates were only up 2% on-year in 3Q18 compared to 15% on-year in 1H18 while China visitor arrivals rose 33% on-year to 150,000 compared to China and Indonesia’s 46% on-year rise in 2Q18. The slower visitor growth could become a concern.

“We cut FY18-20F EPS by 1.6-12% to reflect likely slower tourist arrivals with the likely delay in the opening of the new theme park. Our TP falls from RM3.25 to RM2.92 as we input a 10% discount to RNAV to reflect possibly further provision in the near future.

“The stock remains a Hold. A re-rating catalyst is the opening of the new theme park in 2019 while a de-rating catalyst is the theme park failing to open in 2019.

worst scenario, universal studio similar to spore resorts world but with different games, activities, etc.

lotte from korea is ok too if fox tak jadi :)

doraemon from japan can be considered if fox tak jadi :)

:)

Healthy Malaysia performance to offset tax: The Malaysian government will increase casino duties by 10 percentage points from 2019, which Fitch estimates will cut Genting's EBITDA by around RM700mil a year.

“Genting is reviewing its marketing strategy and cost structure to mitigate the impact and we expect rationalisation of rebates and commissions and potential payroll reductions to provide annual cost benefits of at least RM150mil on average over the next three years.

“We also expect revenue growth, particularly from the non-gaming segment, at Genting's Malaysian complex, Resorts World Genting (RWG), to mitigate the impact of the tax increase.

“Visitor arrivals at RWG rose 21% on-year in 1H18 and the resort aims to open more attractions, such as a new indoor theme park, to drive growth in 2019 and the medium term,” Fitch says.
Read more at https://www.thestar.com.my/business/business-news/2018/11/29/fitch-affirms-genting-bhd-a-minus-outlook-stable/#kemygXjCkhiUgyle.99

also, can choose one outdoor theme park from Las Vegas :)

https://www.tripsavvy.com/theme-parks-and-water-parks-in-las-vegas-and-nevada-4140767

genm bought back a lot of shares this year too :)

18-Oct-2018 18-Oct-2018 Buyback 1,100,000 4.500 4.500 View Detail
16-Oct-2018 16-Oct-2018 Buyback 1,000,000 4.320 4.370 View Detail
15-Oct-2018 18-Oct-2018 Buyback 2,950,000 4.300 4.500 View Detail
15-Oct-2018 15-Oct-2018 Buyback 850,000 4.300 4.400 View Detail
27-Jun-2018 27-Jun-2018 Buyback 500,000 4.810 4.880 View Detail
26-Jun-2018 26-Jun-2018 Buyback 500,000 4.840 4.900 View Detail
25-Jun-2018 27-Jun-2018 Buyback 2,000,000 4.810 4.950 View Detail
25-Jun-2018 25-Jun-2018 Buyback 1,000,000 4.880 4.950 View Detail
26-Mar-2018 26-Mar-2018 Cancel 21,100 - - View Detail
21-Mar-2018 21-Mar-2018 Cancel 6,758,915 - - View Detail
15-Mar-2018 15-Mar-2018 Buyback 2,400,000 5.220 5.400 View Detail
14-Mar-2018 14-Mar-2018 Buyback 1,500,000 5.210 5.270 View Detail
13-Mar-2018 13-Mar-2018 Buyback 1,100,000 5.190 5.250 View Detail
12-Mar-2018 15-Mar-2018 Buyback 7,000,000 5.100 5.400 View Detail
12-Mar-2018 12-Mar-2018 Buyback 2,000,000 5.100 5.300 View Detail
09-Feb-2018 09-Feb-2018 Buyback 2,275,000 5.230 5.260 View Detail
08-Feb-2018 08-Feb-2018 Buyback 325,000 5.430 5.450 View Detail
06-Feb-2018 06-Feb-2018 Buyback 1,700,000 5.190 5.340 View Detail
05-Feb-2018 05-Feb-2018 Buyback 950,000 5.440 5.480 View Detail
30-Jan-2018 09-Feb-2018 Buyback 5,350,000 5.190 5.500 View Detail
30-Jan-2018 30-Jan-2018 Buyback 100,000 5.470 5.500 View Detail
25-Jan-2018 25-Jan-2018 Buyback 1,750,000 5.490 5.600 View Detail
23-Jan-2018 23-Jan-2018 Buyback 1,200,000 5.450 5.480 View Detail
22-Jan-2018 25-Jan-2018 Buyback 4,250,000 5.450 5.600 View Detail
22-Jan-2018 22-Jan-2018 Buyback 1,300,000 5.470 5.510 View Detail

technology is evolving too fast nowadays... even telcos could not escape.... people are talking about 5G.... capex, etc. etc.... with greater speed, astro is facing more competition for online players

people say sunset industry... many people use tv box, watch video online, etc etc... :)

dont touch,,,, many old trees need replanting... capex and long waiting period before harvesting...

also, not sure about the shit inside... those fraudulent cases, anymore, sure?

wait for it to show profit first, now, dont know the bottom price and a lot of uncertainty.... takda ceo also now :)

the big boss of gaming co is very calm and cool...they have seen big bet on their tables daily :)

investors want top mgmt to brief them on outdoor theme park to remove any uncertainty... hopefully, mgmt would do it next week too :)

Q3 results after trading hour tomorrow , the norm..... from next monday to fri, people could trade based on Q3 results :)

all kinds of valuation by different analysts :)

Genting Malaysia downgraded to neutral at Goldman; price target RM3.60
Bloomberg


November 29, 2018 16:28 pm +08



KUALA LUMPUR (Nov 29): Goldman Sachs analyst Simon Cheung downgraded the recommendation on Genting Malaysia Bhd to neutral from buy.

* Price target (PT) lowered to RM3.60 from RM4.90. Genting Malaysia average PT is RM3.89.

* Genting Malaysia had 4 buys, 8 holds, 8 sells previously: Bloomberg data


* Analysts lowered their consensus one-year target price for the stock by 35 percent in the past three months. Forecasts range from RM2.70 to RM6.50.

Performance Metrics

* Investors who followed Cheung's recommendation would have received a negative 41 percent return in the past year, compared with the negative 40 percent return on the shares.

* In the past one year and four months, Goldman has rated Genting Malaysia buy once and neutral once.

* The shares fell 43 percent in the period rated buy and fell 14 percent in the period rated neutral.

@tokti, should update investors... common sense... maybe, they buy time to renegotiate with disney/fox... hopefully, next week we get the update because Q3 results will be released by tomorrow

investors didnt like uncertainty, top mgmt of genm shall anounce what is next if the deal with fox is over ... the opening date of the theme park remains the same, say, 1st half of 2019? own brand or choose other theme park brands... i think , if the top mgmt announce on these issues, the share price could rebound quickly

do not end your life, your life is priceless.... as long as you are still alive, you have the chance to rebound/recover like the share price.

if disney/fox and genm strike an agreement and announce that the theme park will proceed and the lawsuit will be withdrawn, the price could rebound to 3.60 & higher immediately. wait for their announcements, :)

the turning point is unpredictable, when is the U-turn in price movement? Q3 results and top mgmt update on the next move of the outdoor theme park are important... the best is for disney/fox to agree. top mgmt shall update on what if no further deal with fox... then, when will the theme park be opened? hopefully, next week, we could hear about these matters

top mgmt of genm shall update on what is next for the outdoor theme park if no further nego with disney/fox,,, probably next week, they would update the public.... Q3 results should be out by tomorrrow

Q3 results might calm many people down, etc... also, disney/fox and genm's final negotiation, etc. are main factors

behavioural finance, herd instinct, etc .... cut loss first policy by some funds,,, hopefully... they had left. :)

hopefully, those who wanted to cut loss, contra players, etc had exited :)

:)

UNITED STATES DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA
WESTERN DIVISION
GENTING MALAYSIA BERHAD, a
Malaysia corporation,
Plaintiff,
v.
FOX ENTERTAINMENT GROUP, LLC,
a Delaware corporation; TWENTIETH
CENTURY FOX FILM CORPORATION,
a Delaware corporation; TWENTY-FIRST
CENTURY FOX, INC., a Delaware
corporation; FOXNEXT, LLC, a Delaware
corporation; and THE WALT DISNEY
COMPANY, a Delaware corporation,
Defendants.
Case No. 2:18-cv-9866

COMPLAINT FOR:

1. BREACH OF CONTRACT;
2. BREACH OF THE IMPLIED
COVENANT OF GOOD FAITH
AND FAIR DEALING;
3. INDUCING BREACH OF
CONTRACT
4. INTENTIONAL INTERFERENCE
WITH CONTRACT
5. DECLARATORY RELIEF
DEMAND FOR JURY TRIAL

Good!

PRAYER FOR RELIEF
WHEREFORE, Plaintiff prays for judgment against the Defendants and each of them,
jointly and severally, as follows:
1. For monetary damages in an amount to be proven at trial;
2. For a judicial declaration of the parties’ contractual rights and duties in connection
with the Agreement alleged herein;
3. For an award of punitive damages in an amount to be proven at trial;
4. That Plaintiff be awarded all pre-judgment interest allowable by law;
5. That Plaintiff be awarded its costs; and
6. For such further relief as the Court may deem just and proper.
Los Angeles, California
Dated: November 26, 2018 KASOWITZ BENSON TORRES LLP
By: /s/ John V. Berlinski
John V. Berlinski, Esq.
Daniel A. Saunders, Esq.
Candace Frazier, Esq.
2029 Century Park East, Suite 2000
Los Angeles, California 90067
Telephone: (424) 288-7900
Attorneys for Plaintiff
Genting Malaysia Berhad

Just last year, target price was Rm6+... haha


KUALA LUMPUR: Genting Malaysia (GENM) is still on CIMB Equities Research’s Add list with higher realised net asset value (RNAV) based target price of RM6.14.

It said on Friday it expects GENM’s share price to rerate as its rising gaming capacity starts to unlock value.

“Additionally, we expect the allure of GENM’s upcoming theme park to further propel tourist arrivals growth. Downside risks to our call include any delays in the construction of its new Genting Integrated Tourism Plan (GITP) facilities,” it said.

CIMB Research updated its FY17-18F EPS forecasts by 0.8%-8% after accounting for the FY16 results and imputing higher visitor arrival growth assumptions.

The research house said GENM’s FY16 core earnings trumped its expectations by 4% and exceeded consensus’s full-year estimates by 8%.
The group also declared a final dividend per share (DPS) of 6.2 sen and a special DPS of 7.3 sen, which exceeded its expectations of eight sen.

“GENM’s better performance was mostly due to the strong turnaround in the group’s UK business which saw a higher hold percentage from its VIP market. We increase our FY17-18F EPS by 0.8-8% after imputing higher visitor growth.

“Share price re-rating catalysts include rising gaming capacity and opening of the theme park,” it said.

GENM’s reported a 4Q16 core net profit of RM449.8mil, which translated to a cumulative core net profit (excluding non-core items) of RM1.6bil (up 12.6% on-year) which exceeded expectations.

On-year growth was mainly due to: i) strong turnaround in its UK business on the back of better hold from high-end markets and higher volume from its non-premium players; and ii) lower effective tax rates which were driven by tax allowances from the completed facilities from GITP, that is the Awana Skyway.

It pointed out the 4Q16’s headline net profit of RM1.7bn was inflated by the recognition of a one-off gain from the disposal of the group’s investment in Genting Hong Kong Limited.

Read about Genting Group's plans for 20017. Click below:

http://www.thestar.com.my/business/business-news/2017/02/23/genting-singapore-well-placed-to-bid-for-japan-gaming-licence/

Read more at https://www.thestar.com.my/business/business-news/2017/02/24/genting-malaysia-still-on-cimb-research-add-list/#PPqorEkdroK7OADW.99

Different analysts different views. if they are so accurate in predicting the target price, tak payah kerja lagi, dah jadi billionaire. :)

Analysts have started to take into consideration the delays in the opening of the theme park.

“Due to potential legal complications, we are concerned if Genting Malaysia could still open the theme park in the first-half of 2019,” CIMB Research said in a report yesterday.

AllianceDBS Research reckoned that Genting Malaysia may seek other global partners to license the characters for its theme park.

“There could also be additional costs incurred to redesign the outdoor theme park due to the termination of the collaboration,” it said.

It is worth noting that Genting Malaysia’s share price has been under pressure since the beginning of the month after the government announced its decision to increase the casino tax.

The counter’s market capitalisation has been erased by RM8bil since early this month. On a year-to-date basis, Genting Malaysia has declined more than 46% to RM3.

The decline in Genting-related stocks weighed heavily on local benchmark index FBM KLCI performance yesterday.

Q3 results are on the way, interesting day is coming :)

any U-turn by disney, the share price will fly crazily... :)