https://klse.i3investor.com/servlets/ptres/57120.jsp

Source : KENANGA
Stock : GENTING
Price Target : 5.10
Price Call : BUY
Last Price : 3.16
Upside/Downside : +1.94 (61.39%)

https://www.thestar.com.my/business/business-news/2020/10/05/time-to-accumulate-construction-stocks

Time to accumulate construction stocks

https://www.thestar.com.my/business/business-news/2020/10/05/time-to-accumulate-construction-stocks

Time to accumulate construction stocks

https://klse.i3investor.com/blogs/kenangaresearch/2020-10-05-story-h1514451054-Gaming_Better_Odds.jsp

GENTING OP; TP: RM5.10

We believe the worst is over for the sector after the washed-out 2QCY20 due to lockdowns as business operations have already resumed, albeit earnings recovery is likely to remain patchy for casino operators while NFO players have seen their ticket sales at 85% pre-MCO level. Meanwhile, GENM is our TOP PICK for this space as we believe it is the direct beneficiary of earnings recovery on the back of local tourism as overseas travel is not possible at this juncture and the last time we saw its share price this low was in Feb 2009. However, albeit attractive valuation, GENTING’s earnings are likely to be affected by lacklustre prospect of GENS in the near term. Overall, business volume for both casino and NFO should slowly pick up in 2HCY20 and investors should look further to next year’s earnings recovery instead of this wash-out year. As such, we remain OVERWEIGHT on the gaming sector. For income seekers, both NFO players offers above average yield of >7%.

Casinos: earnings should pick up post-reopening from the badly hit 2QCY20. We now prefer GENM (OP; TP: RM2.75) over GENTING (OP; TP: RM5.10) as it is an recovery play for domestic-centric earnings whereas the latter has exposure to GENS (Not Rated) which is highly reliant on overseas patrons. Thus, GENM has the better edge on earnings recovery as there is currently no possibility of international travelling, but local attractions including Genting Highlands are visited by local tourists and day trippers. Meanwhile, all Genting group’s casinos have reopened from COVID-19-led lockdown except for GENM’s Resorts World Bimini in the Bahamas which had temporarily suspended operations again from 25 Jul after re-opening for merely three weeks earlier on 01 Jul due to a spike of new cases there. Going forth, we are of the view that any earnings recovery would not be material in the immediate term, as the gaming floor operations are restricted by SOP rule, but a meaningful recovery is likely to be seen next year as more vaccines are likely to be ready by then.

Acquisition will increase the future revenue and profit.

https://klse.i3investor.com/insider/director/3182/01-Oct-2020/152224_1953586453.jsp

Director's Particular:
Name MADAM KOID SWEE LIAN
29-Sep-2020 Acquired 50,000 RM3.19

https://www.nst.com.my/news/nation/2020/10/628796/ambassador-china-work-malaysia-covid-19-vaccine-development

Ambassador: China to work with Malaysia on Covid-19 vaccine development

Dividend money in already. Can collect more later.

Game Over......PN17 ?

Dividend - 6.87% better than EPF

Dividend - 6.78 % better than EPF

Icon now best buy....cheap cheap.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3092006

Entitlement description Final single-tier dividend of 2.0 sen per share in respect of the financial year ended 31 March 2020
Ex-Date 01 Dec 2020

Oil Price up yesterday

Thursday 1 October Dividend bank in day, Genting share will go up.
Some investors will use the dividend to accumulate more Genting share.

You can't stop people from selling. It is their money. Right or wrong is their problem.
But I will continue accumulating more to average down.

1) If you are selling, you think you are a good trader ?
2) If you are buying, then you are a good investor.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3082827

Entitlement description Interim Single-Tier Dividend of 6.5 sen per ordinary share
Payment Date 01 Oct 2020

LKT and son trying to push price down so that when they get their dividend on 1 Oct 2020, they could accumulate more at cheaper price. So please don't sell down for them.

https://www.thestar.com.my/business/business-news/2020/09/28/la-nina-set-to-support-cpo-price

La Nina set to support CPO price - Good news for Genting Plantation and Genting Holding.

Bandar Malaysia projects require a lot of Smart water Meter from Gkent.

Announcement.......Court case result

A lot of con man asking people to sell because they want to buy cheap.
If you are selling meaning you have been conned.

Invest in GENTING BERHAD it is not for today, not for short term and not until end of 2020.
It is for BIG REWARD Next year 2021.

1) Genting theme park open
2) Resorts World Las Vegas open in Summer.

George Kent.......buy now and next year you will be rewarded. A very good company.

game over......I expect quarter result very bad. All talk but no action
.

David Copperfield......where got announcement ? You do magic ?

https://www.thestar.com.my/business/business-news/2020/09/22/rhb-research-retains-buy-on-gentingm-tp-rm259

RHB Research retains Buy on Genting

LKT and son will start buying back after he get their dividend on 1 October 2020.

Don't worry, you will be rewarded next year.

https://www.asgam.com/index.php/2020/09/18/genting-malaysia-to-see-ebitda-turnaround-from-4q20-as-domestic-tourism-aids-resorts-world-genting-nomura/

Genting Malaysia can expect to see an EBITDA turnaround starting from the fourth quarter of 2020, with all of its major casinos now open again and domestic tourism aiding the recovery of its flagship Malaysian IR Resorts World Genting.

According to a report on Malaysia equity strategy published by a team of Nomura research analysts on Thursday and examining the state of the Malaysian economy during COVID, Resorts World Genting is already showing strong signs of recovery – up to 40,000 visitors per day and with the 50% of hotel rooms open sitting at 90% average occupancy since reopening in June.

GrahamNewman.......what the management IS doing is as important as what they are NOT doing. And I have not seen any detracting actions by GKENT management to derail itself from being successful.

I like this sentence. Thanks.

Share price will go up after 1st October dividend pay out.

I like Ewint and Tunepro. their financial result quite good. As for contra play I will go for Armada.

1st October LKT and son will received a very big dividend amount. Someone trying to push the share price down so that they could accumulate at a cheaper price after received dividend. So why do you all selling down for them to buy cheap.

Philip.....you have data shared by Gkent staff in you telegram group. Please share with us if there is any good and bad news before official announcement.....Thanks.

LKT and Son will get their very big dividend on 1st October. Do you think they will use the dividend to accumulate more Genting share in open market to support the share price.

3.41 buy buy buy ....walls getting stronger

https://www.theedgemarkets.com/article/george-kent-2q-revenue-stronger-more-orders-water-metering-biz-pays-1-sen-dividend

George Kent 2Q revenue stronger with more orders in water metering biz, pays 1 sen dividend

KUALA LUMPUR (Sept 14): George Kent (Malaysia) Bhd’s net profit for the second quarter ended July 31, 2020 (2QFY21) jumped 135% to RM8.74 million from RM3.73 million in the preceding quarter ended April 30, thanks to higher work orders in its water metering business which have continued to come in, despite business closures during the government’s movement control order (MCO).

Revenue rose 78% quarter-on-quarter to RM70.16 million from RM39.31 million. The group declared an interim dividend of one sen per share for the financial year ending Jan 31, 2021, which will be paid on Oct 22 this year, its stock exchange filing showed.

https://www.thestar.com.my/business/business-news/2020/09/14/water-meter-business-buoys-george-kent-earnings-in-q2

Water meter business buoys George Kent earnings in Q2

https://www.thestar.com.my/business/business-news/2020/09/15/george-kent-results-in-line-with-expectation-says-kenanga

George Kent results in-line with expectation, says Kenanga.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3088004

Entitlement description Interim Single-tier dividend of 1.0 sen per ordinary share
Ex-Date 30 Sep 2020

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3088003

Profit/(loss) attributable to ordinary equity holders of the parent - RM8,741,000.00

If you want to sell Genting, go ahead and sell now. We don't need you. Please don't come back.
GENTING HOLDING are for those invest for longer term. Maybe 2 to 3 years.

I really miss Philip and Sslee.....long time no update from them.

I expect next quarter result either profit or break even as most of the Genting Casino started operation in June.

I think 4 cents is the lowest.

https://www.youtube.com/watch?v=KMc67q6wNqc

https://www.youtube.com/watch?v=h-i2rFu3tw8

Just buy more or hold until next year summer when US Las Vegas Casino open. Watch the attached video.

Market down due to Rubber Gloves stock Time Bomb exploded. Nothing to do with Gkent.
So please hold on to your George Kent stock.

George Kent is a very good and Cash rich company. Since day one 1936 until now has been consistently making good profit. I expect next year will continue giving good dividend.

Very good support at 4.5 cents. Once syndicate has collect enough, I am sure will go up again.
Be patience.

Overall market very bad. Hold, don't buy yet. Could go down further.

https://www.youtube.com/watch?v=h-i2rFu3tw8

Resorts World Las Vegas Construction Update September 7 2020