roshazli u not understand bauto leh. Their target customers are not poor ones..economy down these groups of potential customers can still have the means to spend leh

Coz u too stupid..thats y. Look at price actions also can know everything else is priced in. Qtr outcome should be steady...kikikiki

I bought one mazda cx5 o.... it rises up...i so happy o

Disney +7.15%
Carnival +15.18%

LasVegas Sands +8.11%
MGM +10.54%

All leisure & casino stocks jumped in US market overnight! Disney, MGM, Carnival....kikikiki

All leisure & casino stocks jumped in US market overnight! Disney, MGM, Carnival....kikikiki

GENM is also building monorail o...but in Miami US

The monorail transit point where it's to be built is also the location where GENM is lobbying to build its casino there...kikikiki

USD$59.4 millions X 4.35 = RM 258.39 millions profits into GENM's pocket annually for the next 30 years o....

The four miles Miami-Dade monorail has no other bidder. Genm & partners is the sole bidder after the other 2 bidders backed out. If succeeded should see it become a concessionaire where...

GENM & partners to receive a fixed USD$59.4 millions annually for 30 years from Miami state government while Miami govt operates and profits the rest annually.

Sounds like a great deal for GENM!

@Hope123 it's Genm...

Genting and partners submit $770M monorail bid to link Miami with Miami Beach
https://www.miamiherald.com/news/local/community/miami-dade/article242661841.html

Bought Gkent last friday too kikikiki

Bought in last friday 1.58 kikikiki

Ever hear any casinos in the world lose money? The house always wins kikikiki...latest news also report Genm participates JV to build monorail in Miami USA. Exciting ventures ahead...enjoy!

https://www.theedgemarkets.com/article/genting-wants-miamidade-fund-us770m-miamisouth-beach-monorail-link-%E2%80%94-report

Haha Breaking News!

https://www.theedgemarkets.com/article/genting-wants-miamidade-fund-us770m-miamisouth-beach-monorail-link-%E2%80%94-report

"The purchase of Authentic, at a price of 15 million Euros, will help fuel Genting’s continued growth in the live casino sector both in the UK and across Europe, which analysts estimate to be worth €2.5 billion in Europe alone," Genting UK said.

Some ppl confused. They actually bought online casino platfor from sweden-listed company

https://www.theedgemarkets.com/article/genting-buys-swedenlisted-leovegas-subsidiary

U being naive o....u think they rely 100% on those general betting tables? How much they can earn from those tables compared to vip betting rooms? Their vip business is strong...also u should research how china's chinese massive money can flow into msia via casino even though CCP has limited outflow of funds...thats y.

Said so negative about it but still want to buy genm? Haha

I sold supermax because it's about time

Haha dun forget it will open for business anytime o....just wait govt announcement... everything else is already priced in.... kikikiki

Company just cancelled 11,586,746 shares o... use that RM 6.5 billions can do a lot....kikikiki

They also announced share buyback
https://malaysiastock.biz/Company-Announcement.aspx?id=1226550

At last..here we go
https://malaysiastock.biz/Company-Announcement.aspx?id=1226549

The 2 points to bet on this horse:

- Its soon opening of ResortWorld Las Vegas;
https://www.asgam.com/index.php/2020/05/07/asia-comes-to-vegas/

- Potentially winning a casino license in Yokohama Japan
https://www.casino.org/news/genting-joins-crowded-field-of-yokohama-competitors/

The 2 points to bet on this horse:
- Its soon opening of ResortWorld Las Vegas;
- Potentially winning a casino license in Yokohama Japan

Las Vegas Sands gives up on $14b Japan casino project
https://www.straitstimes.com/business/companies-markets/las-vegas-sands-gives-up-on-14b-japan-casino-project

BATFLY u sure? I made a lot of profit in supermx o...

GENM's NTA book value is 3.27 o....very undervalued

It's also sitting on 6.5 billion cash reserves

U see all glove counters skyrocketing! All ppl make money leh so it's common sense many shift to other counters with potential upside. I see this Genm may rally anytime o...kikikiki

Supermx super high o...who dun sell sure regret hehe

If it weighs down becoz of some news.. I think when positive news come sure shoot o...kikikiki

Hehe no la I think glove sector is overbought so I sold off. Genm more upside thats y i shift

Good luck Kim..I'm done..better buy other more upside kikikiki

Sold off my supermx and inject here..kikikiki

Sold off all at this peak price..kikikiki

Hey burung pipit...there is a bunch of vaccines on trials in US and China o...go google it mahhh haiyooo....kikikiki

Nah...

https://www.thestar.com.my/news/regional/2020/04/25/china-could-have-covid-19-vaccine-ready-for-public-use-early-next-year

US also got eh...

https://www.theguardian.com/world/2020/may/04/trump-very-confident-of-covid-19-vaccine-in-2020-and-predicts-up-to-100000-us-deaths

See genting's good employees chose to stay back help cleaning o...prepare to open o...kikikiki

https://web.facebook.com/ResortsWorldGenting/videos/3438732826146606/

Super bright future for glove sector o...kikikiki

Nicely up o kikikiki

Kiasus like to win everything until number of covid cases also want to win more than malaysia....kikikiki

The kiasus trapped inside own house until frustrated have to bark daily as job. Understandable but I don't pity hor....kikikiki

KUALA LUMPUR (April 29): Genting Bhd, whose shares have been battered since the COVID-19 outbreak as casinos under the group were forced to suspend operations amid lockdowns across the globe, has garnered as many as 14 buy calls from 17 research houses covering the stock, according to Bloomberg data.

Among those who issued a 'buy' call on the stock is CGS-CIMB Research, which reiterated its recommendation to clients in a note sent out on Tuesday, with a target price of RM5.65 on the stock.

In particular, CGS-CIMB Research analyst Foong Choong Chen noted that Genting’s Resorts World Las Vegas (RWLV) is scheduled to open in summer 2021, with US$1.9 billion invested as at end-2019 and funding secured to complete the US$4.3 billion project.

"It has put in place an experienced top management (that have worked at other established Strip properties) and tied up with Hilton, bringing in three of its hotel brands and the ability to leverage the Hilton Honors database. The Las Vegas Convention Centre phase 2 expansion (end-2020), the new Drew Las Vegas resort (end-2022) and RWLV itself could drive more visitor traffic in the coming years to the North Strip where it is located," Foong wrote.

CGS-CIMB expects RMLV will take time to establish itself in a competitive market, so its preliminary estimates are for net losses - excluding pre-opening expenses - of US$41m (RM178m) in FY21 and US$51m (RM222m) in FY22, with net profits from FY24.

However, should RWLV open in a severe economic recession, profitability may be pushed back to FY26 and estimated net losses may be higher at US$61 million (RM264 million) in FY21 and US$140 million (RM611m) in FY22.

"If RWLV does poorly, we do not rule out Genting injecting more equity to make up for shortfalls. However, Genting is ultimately not liable for RWLV’s substantial debt as they are ring-fenced to the project," Foong added.

While CGS-CIMB's new TP for Genting is lower than its previous target price of RM7.30, it still represents a potential upside of over 43% from its closing price of RM3.95 on Monday. The TP revision was made following the research firm’s recent earnings revision in Genting Malaysia Bhd (GenM) and Genting Singapore Ltd. Accordingly, Foong slashed Genting's financial year ending Dec 31, 2020 (FY20)/(FY21)/(FY22) core earnings per share (EPS) by 52%/20%/15%.

“We prefer Genting over GenM as Genting offers greater upside even after applying a conservative valuation approach, except in a severe economic recession,” Fong wrote.

At market close today, the stock was up 10 sen or 2.54% at RM4.04, which gives it a market capitalisation of RM15.56 billion.

Out of 17 research houses covering Genting - which touched its lowest in about 16 years on March 19, at RM2.91 - only three has it on 'hold'. According to Bloomberg, the consensus target price is RM5.40, which indicates a potential upside of RM34% from its closing price today.

Year to date, Genting's share price has fallen 31.71%, while GenM has lost 28%.

When compared with some other casino operators in the region - which also experienced double-digit contractions in their share price - only NagaCorp Ltd performed slightly worse as it was down 32.43% since the beginning of this year. The rest saw declines of between 12.17% and 29.69%.

In terms of valuation, both Genting and GenM now appear cheaper than other casinos, with trailing 12 months price-to-earnings (TTM P/E) of 7.79 times and 9.27 times, respectively. Genting Singapore Ltd (GENS) has a TTM P/E of 13.4 times while other Macau-based casinos have between 9.87 times and 18.79 times.

https://www.theedgemarkets.com/article/genting-worth-gamble-now

Hold up so strong .....kikikiki

Must be apple168 being raped by genting before kikikiki

Still hold a lot o.... kikikiki

Who buy so much o? kikikiki

Here come the kiasus.......kikikiki