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1 month ago | Report Abuse
According to my broker, A lot bought from him more than RM10 and is still holding.
1 month ago | Report Abuse
Just wait until Q4 2023 and total 2023 results. Normally Genting Singapore results out first, should be very good. The share price should go up until GenB results announcement. Hopefully dividend better than last year.
2 months ago | Report Abuse
https://www.nst.com.my/business/corporate/2024/01/1002661/resorts-world-sentosa-operator-may-bid-casino-licence-tap-influx
Resorts World Sentosa operator may bid for casino licence to tap influx of foreign tourists.
KUALA LUMPUR: Genting Singapore, the operator of Resorts World Sentosa, may likely be the front-runner to secure a license for an integrated resort (IR) and casino in Thailand if the Thai government decides to deregulate the industry, according to analysts.
2 months ago | Report Abuse
can we get more than 10 cents of dividend ?
2 months ago | Report Abuse
If China first to approved TauRX, others will follow. Then GenB share sure fly high. Hold tight tight.
2 months ago | Report Abuse
Why selling when the result is going to be very good ?
2 months ago | Report Abuse
Why selling when next month Q4 2023 result is going to be very good ?
Expect better Dividend payout.
2 months ago | Report Abuse
Healthy correction before moving up to RM5 again.
Q4 result end of February 2024. TP RM5.50
2 months ago | Report Abuse
Very interesting discovery by the Maybank IB team.
16,908 ha freehold land worth more than its mkt cap
GENP is one of the largest freehold land owner in Peninsular Malaysia (PM)
with 16,908 ha, with 61% located in Johor, 18% in Malacca & Negeri
Sembilan, 18% in Kedah & Perak, and 3% in Selangor (ie. Sepang). GENP
continues to carry these valuable assets at their book values. As these
lands were amassed progressively since 1981, and strategically located on
highly populated areas of the west coast of PM, we estimate these freehold
land to be worth MYR7.25b or 1.5x GENP’s current market cap.
Its 10,397 ha Johor land is worth MYR5,656m
GENP has remaining 10,397 ha of freehold land in Johor, of which 2,555 ha
(or 6,311 acres) are located in the Iskandar region, making GENP one of
the largest landowner in Iskandar. GENP has two active township projects
in Johor - at Kulai and Batu Pahat. Since the 1990s, GENP has been
monetising some of its prime estate land via property developments.
Its freehold landbank offers good inflationary hedge
GENP has focused on aggressively growing its oil palm planted area from
48,710 ha in 2003 to 138,301 ha in 2022, translating to a CAGR of 5.4%. As
land values in Malaysia appreciate, most of GENP’s oil palm expansion over
the last two decades shifted to Indonesia. Naturally, the oil palm division
is the larger profit contributor, accounting for 67%-95% of its yearly group
core PBIT over the past 10 years, with the balance contributed by the
property division. In the past, the property division has helped to weather
the earnings of the group during periods of low oil palm profits.
2 months ago | Report Abuse
https://www.thestar.com.my/business/business-news/2024/01/08/outperforming-------------------------the-fbm-klci-wager
potential progress of Genting Bhd’s TauRx Pharmaceuticals.
https://theedgemalaysia.com/node/696471
Genting Singapore may bid for Thailand casino
2 months ago | Report Abuse
https://www.thestar.com.my/business/business-news/2024/01/08/outperforming-------------------------the-fbm-klci-wager
PETALING JAYA: The gaming sector is expected to enter the new year on a positive note with several domestic and external catalysts to spur growth.
UOB Kay Hian Research, which maintained an “overweight” call on the sector, said the gaming stocks would likely outperform the FBM KLCI this year on the back of positive developments including generous dividend yields, Genting Malaysia Bhd’s (GenM) good chances of winning a full-fledged casino licence in downstate New York, and potential progress of Genting Bhd’s TauRx Pharmaceuticals.
TauRX coming soon....watch up
TP : RM8.00
2 months ago | Report Abuse
https://theedgemalaysia.com/node/696471
Genting Singapore may bid for Thailand casino — Maybank IB
2 months ago | Report Abuse
If Genting TauRX approve in Q1 or Q2 this year.
TP : RM8.00
2 months ago | Report Abuse
HLIB said its preferred pick for the sector is Genting ("buy", target price: RM6.96), which is strategically positioned to capitalise on the recovery momentum of both GenS and GenM.
2 months ago | Report Abuse
https://theedgemalaysia.com/node/696263
HLIB keeps 'overweight' on gaming sector, Genting top pick.
KUALA LUMPUR (Jan 5): Hong Leong Investment Bank (HLIB) Research has maintained its “overweight” rating of the gaming sector, and said the sector had delivered a steady performance, with notable positive surprises for the third quarter of 2023.
It is confident that the recovery trajectory will be sustainable, especially for casino operators, underpinned by the restoration of global flight capacity and the recent visa-free travel pact between China and both Malaysia and Singapore.
In a sector update, the research house said that as for the number forecast operators, their outlook had stabilised and turned more favourable, with the political status quo maintained in the six state elections last year.
It said the likelihood of additional store closures in other states had diminished, with potential reallocation of closed outlets to other regions.
“All in, we stay 'overweight' on the sector, with Genting Bhd as our preferred pick,” it said.
Casinos
HLIB anticipates continued earnings recovery for Genting Singapore (GenS) and Genting Malaysia Bhd (GenM) in 2024, benefiting Genting, driven by the ongoing rebound in tourist numbers.
“Resorts World Genting and Resorts World Singapore (RWS) are poised to gain from the anticipated revival of Chinese tourists, a crucial client segment for the gaming industry.
“While Singapore and Malaysia showed resilience as destinations for Chinese travellers in the third quarter of 2023, it's important to note that travel volumes were still 21% and 32% below 2019 levels, indicating further potential for recovery.
“Looking ahead to 2024, major music events like the Coldplay and Taylor Swift concerts in Singapore are expected to play a significant role in boosting tourist arrivals, particularly benefiting RWS,” it said.
HLIB said its preferred pick for the sector is Genting ("buy", target price: RM6.96), which is strategically positioned to capitalise on the recovery momentum of both GenS and GenM.
“We also view Genting as currently undervalued, trading at a 16% discount to the value of its holdings in GenS (valued at RM5.54 a share based on the latest closing price, and a Singapore dollar-ringgit exchange rate of 3.4).
2 months ago | Report Abuse
Q4 and total 2023 results in February 2024. Share price sure go north. Expect dividend better than last year. Genting Berhad are for long term investment.
2023-12-26 15:28 | Report Abuse
Why selling down when Genting Berhad is making good profit and good dividend.
Confirm no more MCO and log down.
2023-12-22 10:19 | Report Abuse
Please sell to me at 4.60. I have been waiting since yesterday.
2023-12-21 11:40 | Report Abuse
Opportunity to accumulate more before Q4 and total year 2023 result Bull run.
2023-12-13 21:14 | Report Abuse
Genting Berhad is for long term investment.
2023-12-11 10:43 | Report Abuse
Q4 2023 and total year 2023 should be a lot better than last year.
So just hold on. By February 2024 share price could break $5.00.
Expect February 2023 dividend better than last year.
2023-12-08 08:22 | Report Abuse
https://theedgemalaysia.com/node/693164
Genting’s Resorts World Sentosa 2024 revenue in Singapore will grow by 10%, says Fitch.
KUALA LUMPUR (Dec 8): Gaming revenue at Genting Bhd’s Resorts World Sentosa (RWS) in Singapore will grow by another 10% in 2024, buoyed by the growth of a diversified customer based outside of China, according to Fitch Ratings.
In its “Global Gaming Outlook 2024” released on Thursday, the rating agency said that while Singapore is already performing “above expectations” with gaming revenues 15% higher than pre-COVID levels this year, Fitch analysts said that they expect such growth to continue, driven by increasing foreign visitors in 2024.
2023-11-30 21:50 | Report Abuse
Big fund manager. 5 millions share at 4.50 pm. Not anyone can afford to do that.
Big syndicate in control the price now. Just follow and win Big.
2023-11-30 12:26 | Report Abuse
Don't worry, it's normal to clear all weak holders 在洗盤 before can go up even higher.
Those bought at 4.60 very smart.
2023-11-29 14:54 | Report Abuse
Genting Berhad Target price
CIMB = RM6.95
TA = RM5.30
Public Bank = RM5.80
Kenanga = RM5.60
2023-11-29 14:47 | Report Abuse
Q3 2023 revenue RM$7,369,538.00 is the highest per quarter revenue in Genting Berhad History.
2023-11-28 21:51 | Report Abuse
Long time no update from AngKT on TauRX.
2023-11-27 16:00 | Report Abuse
https://www.thestar.com.my/business/business-news/2023/11/27/airasia-adds-over-5-million-seats-for-china-india-and-malaysia-flights-in-2024
AirAsia adds over 5 million seats for China, India and Malaysia flights in 2024
2023-11-27 10:12 | Report Abuse
https://www.thestar.com.my/news/nation/2023/11/27/30-days-visa-free-travel-from-dec-1
30 days visa-free travel from Dec 1
PUTRAJAYA: Visitors from China and India will be given 30 days visa-free travel from Dec 1, says Prime Minister Datuk Seri Anwar Ibrahim.
“Next year, Malaysia will be celebrating 50 years of diplomatic ties with China,” he said during the PKR congress yesterday.
Next year is going to be the year of GENTING BERHAD.
TP : RM8.00
2023-11-26 12:29 | Report Abuse
TauRX coming soon. Watch out.
Breaking news with breaking share price TP RM8.00.
2023-11-25 17:38 | Report Abuse
Next year February announcement on Q4 2023 and total year. If total year profit more than RM1.3 billions. Share price break RM6.50.
2023-11-24 09:45 | Report Abuse
Next year February announce Q4 and Total 2023 result. Total Profit could hit RM1.4 billions.
Share price should break RM5.00
Next year with the extra ordinary gain on sale of US land, the share price could hit RM6.00.
If TauRX approve, estimate early 2024. Share price could hit RM8.00.
2023-11-24 08:39 | Report Abuse
https://www.nst.com.my/business/corporate/2023/11/981951/gentings-3q-net-profit-jumps-four-fold%C2%A0
Genting's 3Q net profit jumps four fold
KUALA LUMPUR: Genting Bhd's third quarter ended Sept 30, 2023 (3Q23) net profit increased nearly four fold to RM520.52 million from RM128.02 million a year ago, on higher earnings with lower impairment losses, and higher share of profit in joint ventures and associates.
The group's adjusted earnings before interest, tax, depreciation and amortisation (ebitda) for 3Q23 was RM2.7 billion, an increase of 33 per cent compared with RM2.1 billion in 3Q22.
The higher share of profit in joint ventures and associates was mainly contributed from the Meizhou Wan power plant in China due to higher generation coupled with lower coal cost compared with previous year's corresponding quarter.
Revenue for the quarter rose 20.4 per cent to RM7.37 billion from RM6.12 billion previously, contributed mainly by the leisure and hospitality division.
2023-11-23 19:11 | Report Abuse
3 Quarters profit RM779k
Total year with Q4 could break RM1.4 billions
2023-11-21 16:33 | Report Abuse
https://themalaysianreserve.com/2022/10/19/genting-to-hit-jackpot-from-taurx/
Genting to hit jackpot from TauRx?
The UK-based TauRx is dedicated to research in neurodegenerative diseases and a leader in Alzheimer’s disease
GENTING Bhd may be sitting on a pile of gold if its drug for people with Alzheimer’s disease makes headway. But it is still some way before it reaches that stage. But it has caught the attention of analysts keeping tabs on the company.
2023-11-21 15:10 | Report Abuse
How much is TauRX Worth ?
Ahead of 20%-owned TauRx announcing more details of its recent Phase 3 trial results later today, we try to derive an indicative valuation for it. In our opinion, TauRx is worth ≥USD1. 1b and there are grounds for it to be worth ≤USD15b if its Alzheimer's drug (i.e. HMTM) is effective and commercialised.
2023-11-20 09:17 | Report Abuse
Next week Q3 2023 financial result should be better than last year.
Collect now before result announcement.
2023-11-12 14:54 | Report Abuse
I have try to book room in advance for Christmas holiday but hotel room fully booked.
2023-11-12 14:19 | Report Abuse
RWLA $6.8 billions using internal resources.
2023-11-11 11:13 | Report Abuse
https://theedgemalaysia.com/node/689745
Genting Singapore's 3Q net profit after taxation up 59% to S$216.3m
SINGAPORE (Nov 10): Genting Singapore has reported net profit after taxation of S$216.3 million (RM745.82 million) for the third quarter ended Sept 30, 2023 (3QFY2023), up 59% year-on-year (y-o-y), compared with S$135.8 million for the same period last year.
The company posted revenue of S$689.9 million for the quarter, up 33% y-o-y.
Gaming revenue accounted for S$459.6 million, versus S$382.0 million for 3QFY2022...
Stock: [GENTING]: GENTING BHD
1 month ago | Report Abuse
19 years ago ?