UOB Kay Hian, bullish on gaming, names Genting Malaysia as its top pick
GAYLE GOH
MAR 18, 2021 03:47 PM
MALAYSIA'S casino sector is charging ahead on vaccine-fuelled hopes for borders to reopen, said UOB Kay Hian (UOBKH), which is maintaining an "overweight" reading on the gaming sector, and has named Genting Malaysia as its top pick.

In a research note on Thursday, analysts Vincent Khoo and Jack Goh said Malaysia's casino sector - and particularly, Genting Malaysia - was well positioned to thrive in post-pandemic recovery mode.

They wrote: "We are confident in the Genting Group's earnings recovery and business normalisation in 2022. As an indication of the sector's longer-term upside, the upside to the current prices could be 16 to 45 per cent based on our 2022 Ebitda forecast and mean valuation.

Actually achieved 5.50 mark already if we factor in recent dividend

I always look at MAHB share trend. Its movement should be closely link to airlines. Today Airport strongly up. So obviously airline industry is very positive

AAX is steady. Looks like short selling as only AA targeted. Upward trend too strong so dont think they will succeed

I wonder why dpharma and pharmaniaga not moving

At the end of the day the company still make their hundreds of millions in profit no matter what their share price is. We can only see and admire, hoping they will throw some bones with a little bit of meat to us :)

No denying gloves is and will always be in demand, even when vaccine is ready. Also no doubt gloves companies make and will continue make good money. But if foreign fund managers have pulled out of klse, all these positive factors have not much bearings. Just my own read of current situation. Good luck all.

No denying gloves is and will always be in demand, even when vaccine is ready. Also no doubt gloves companies make and will continue make good money. But if foreign fund managers have pulled out of klse, all these positive factors have not much bearings. Just my own read of current situation. Good luck all.

To me its not about impending vaccine, glove demand or qtr result. If institutional players are still in gloves, then will be ok. If they have disposed and switched to play elsewhere, there is no chance retail players can hold the fort. I do believe these institutions have made record profit from playing gloves in their klse history. Just my 2 cents. Best of luck everyone

I made quite a fair bit from hlt 1st round and then lost some back (from reinvestment) when i cut lost immediately when market opened this morning. To me i got out from all my glove portfolio as i feel its really overhyped. Its never about vaccine as i feel there wont be a decrease in glove usage when vaccine is available. Its also reality that glove company profit will be high. Klse in my personal opinion is controlled by institutional players. They have made their money in gloves and they know they cant squeeze much more out of it with the current5 astronomical prices. They have to move on, i guess its to traditional blue chips. Once they moved out, no way can retail players continue to hold up the lofty prices. Just my 2 cents worth. Good luck all

My personal belief is that this massive correction will happen irrespective whether there is vaccine or not. Overbought and overplayed; not only for gloves but also for penny counters. Most klse players trade on sentiments rather then looking at fundamentals or projected company profits. I too cut all my careplus shares first thing this morning. I dont blame vaccine. I blame myself for overstaying. Peace all

I was also there in 1993. Many kosong companies also driven to RM20. Now most of these companies now no longer around

Please add. Thanks