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2023-11-02 09:44 | Report Abuse
https://agbrief.com/news/singapore/02/11/2023/resorts-world-sentosa-to-get-700-new-hotel-rooms-21k-in-retail-space-report/
Resorts World Sentosa to get 700 new hotel rooms, 21k in retail space: report
A subsidiary of Genting Singapore has been granted provisional approval to develop some 700 hotel rooms and over 21,000 square meters in retail space at Resorts World Sentosa.
The expansion is believed to be part of the company’s S$4.5 billion ($3.3 billion) pledge to further develop the RWS resort.
According to the Straits Times, the Urban Redevelopment Authority was the government body responsible for granting the authorization to the Genting subsidiary.
Currently, there are some five hotels providing 1,600 rooms at Resorts World Sentosa.
The property is expecting strong growth coming out of the pandemic, with Sentosa Development Corporation estimating the island resort will hit pre-pandemic numbers in “one to two years”.
Genting Singapore posted an 86 percent increase in profit in 2022, at $258.32 million, due to strong results by Resorts World Sentosa.
2023-11-01 09:27 | Report Abuse
https://www.thestar.com.my/business/business-news/2023/11/01/genting-plantations-landbank-a-growth-driver
Genting Plantations landbank a growth driver
PETALING JAYA: Genting Plantations Bhd’s valuable landbank offers good inflationary hedge over the long run, while its immense revalued net asset value (RNAV) will provide downside support, according to Maybank Investment Bank (MaybankIB) Research.
The brokerage noted that in Peninsular Malaysia, Genting Plantations owns 16,908ha of freehold land that is worth more than the company’s market capitalisation.
“Genting Plantations continues to carry these valuable assets at their book values,” MaybankIB Research said, noting 61% of the land was located in Johor, 18% in Melaka and Negri Sembilan, 18% in Kedah and Perak, and 3% in Selangor.
“As the land is amassed progressively since 1981, and strategically located on highly populated areas of the west coast of Peninsular Malaysia, we estimate the freehold land to be worth RM7.25bil, or 1.5 times Genting Plantations’ current market cap,” it added.
2023-10-31 13:42 | Report Abuse
Hopefully TauRX could be approved before end of this year so we can get our Next Year Chinese ANG POW.
2023-10-31 11:04 | Report Abuse
Riaz1954.....sure boh ?
No latest updates AngTayKor ?
2023-10-30 16:16 | Report Abuse
Waited for TauRX is like waiting for Penang LRT ?
Waited for so many years and still waiting.
2023-10-28 14:33 | Report Abuse
https://theedgemalaysia.com/node/687995
Construction of Genting Highlands toll plaza on private road, says Malaysian Highway Authority
2023-10-27 15:50 | Report Abuse
Syndicate accumulating at 4.03 to 4.05.
They will not let the price go up at the moment.
Just wait or follow them buy and buy more.
2023-10-27 15:07 | Report Abuse
Still under collection mode.
Still not yet collect enough.
Once enough, they will push the price up.
2023-10-26 11:43 | Report Abuse
So far TauRX doesn't have any positive impact to GenB share price.
It's just a dream and will the dream come thru ??????????
2023-10-24 12:00 | Report Abuse
RM4 is the support level.
It is safe to accumulate at 4.01 to 4.03.
2023-10-24 09:57 | Report Abuse
Why selling when company still making profit and providing dividend.
Waiting for sales of land in US with BIG gain on disposal.
Waiting for TauRX
Waiting for listing of Las vegas Hotel and Casino.
2023-10-20 16:15 | Report Abuse
Killing us slowing with 1 to 2cents down daily.
Who is buying ? why
Who is selling ? why
LKT useless CEO.
2023-10-20 08:35 | Report Abuse
https://theedgemalaysia.com/node/686934
Avenues available for Resorts World Genting to offset 2% service tax increase, says Maybank IB
KUALA LUMPUR (Oct 20): Genting Malaysia Bhd (GenM) can employ several measures to minimise the negative impact from the two percentage point (ppt) service tax rate hike proposed in Budget 2024, according to Maybank IB Research.
2023-10-19 15:11 | Report Abuse
Since I have been holding for so long, I will continue holding until TauRX CA2 approval.
By then I am going to be a multi millionaires.
2023-10-19 11:26 | Report Abuse
Got someone or syndicate accumulating every day at 4.50pm in big volume before close.
2023-10-19 10:55 | Report Abuse
So hold long long.
Hopefully dream come thru.
2023-10-19 10:53 | Report Abuse
https://theedgemalaysia.com/article/gentingbacked-taurx-seek-regulatory-approval-alzheimers-drug
RHB Research, in a note dated June 13, had said that favorable trial results may pave the way for potential mergers and acquisitions interest on TauRx, giving Genting an early opportunity to monetise.
TauRx could contribute RM1.3 billion to RM4.3 billion to Genting’s earnings in the financial year ending Dec 31, 2024 (FY24) to FY26, assuming a 10% net margin, the research house said.
“It could also fetch an upside of RM3.47-13.88/share based on 10x P/E (c.35% discount to peers’ average) on our base and bull cases for FY24F earnings, which translates to hypothetical TPs (target prices) of MYR9.84-20.25 for Genting,” said RHB.
2023-10-19 10:50 | Report Abuse
Looking at Genting Berhad share price daily make us Alzheimer's faster.
We need TauRX asap.
2023-10-17 15:47 | Report Abuse
I hope our TauRX dream will come thru sooner.
The US land deal resolve asap. Cash is KING.
Listing of Las Vegas Hotel and casino.
2023-10-16 16:40 | Report Abuse
Is seller a winner or loser ?
They are coward and hopeless person.
2023-10-16 15:34 | Report Abuse
Very disappointed with so many seller.
No support.
2023-10-16 09:52 | Report Abuse
ATK,
When TauRX revenue and profit could roll up to GenB ?
2023-10-09 11:07 | Report Abuse
Revenue and Profit expected to be growing year to year.
2023-10-09 09:26 | Report Abuse
BN win Pahang state seat is a very good sign for PH.
Good for Genting Berhad.
2023-10-06 12:12 | Report Abuse
The worst is over for GenM soon.
Buy now
2023-10-06 10:39 | Report Abuse
I have received my Genting Dividend today.
2023-10-03 12:47 | Report Abuse
https://www.thestar.com.my/aseanplus/aseanplus-news/2023/10/03/asian-markets-fall-on-rate-concerns
Asian markets fall on rate concerns.
HONG KONG (AFP): Asian markets fell on Tuesday (Oct 3) on concerns over interest rates following hawkish comments by a senior Federal Reserve official indicating the central bank was likely to keep them higher for longer.
Mostly Down, not just GENB
2023-10-03 11:47 | Report Abuse
LKT Useless and Hopeless.
No Support at all.
2023-10-03 09:13 | Report Abuse
Getting Dividend on 6 Oct 2023 this Friday.
Will collect more with dividend money.
2023-09-27 15:37 | Report Abuse
Our money in Genting Berhad.
We don't have Taurx share. It doesn't help us.
2023-09-27 12:40 | Report Abuse
Taurx. Waited for too long.
Wasting time.
LKT sleeping. All projects and plans taking too long.
2023-09-24 09:01 | Report Abuse
https://www.nst.com.my/business/corporate/2023/09/958892/genting-malaysias-main-casino-improving-visitor-arrivals-drive
Genting Malaysia's main casino, improving visitor arrivals to drive earnings recovery in coming quarters
2023-09-21 10:22 | Report Abuse
Need to break 4.30 only then could go higher.
We need good team work. Please stop selling.
2023-09-20 13:21 | Report Abuse
https://theedgemalaysia.com/node/683222
US casino licence bid could lift Genting Malaysia’s fair value by 8%-14%
2023-09-20 10:41 | Report Abuse
https://www.thestar.com.my/business/business-news/2023/09/20/pick-up-in-genting-malaysia039s-ops-reaffirms-recovery
Pick up in Genting Malaysia's ops reaffirms recovery
KUALA LUMPUR: Genting Malaysia Bhd's key Malaysian operations are seeing the return of tourist arrivals, with operating capacity largely returning to pre-pandemic levels, says CGS-CIMB Research.
Following a weekend visit to Genting Malaysia's Resorts World Genting, the research firm said it reaffirmed its thesis that the continued recovery of the key Malaysian operations will drive a robust three-year earnings per share cumulative aggregate growth rate (CAGR) of 42% in FY22-25.
The Malaysian operations are key contributors to the group's revenue, accounting for 62% of total revenue in 1H23, said CGS-CIMB.
"We observed non-gaming activities, such as restaurant dining and indoor theme park (i.e. Skytropolis), were largely packed and the outdoor (SkyWorlds) theme park was busy with ongoing promotional campaigns.
2023-09-19 09:47 | Report Abuse
https://www.thestar.com.my/business/business-news/2023/09/19/genting-plantations-on-right-sustainability-track
Genting Plantations on right sustainability track
2023-09-15 15:22 | Report Abuse
Still waiting to buy at 4.20.
Please sell to me.
2023-09-14 08:21 | Report Abuse
Don't blame GenB, the whole Malaysia stock market is sleeping.
2023-09-09 12:40 | Report Abuse
Hopefully selling of US land and future listing of LA hotel and casino could get back a lot of cash and reduce loan.
2023-09-09 11:10 | Report Abuse
How do you know Black Rock fund increase their holding in Genting Berhad?
2023-09-06 15:32 | Report Abuse
The problem is how Taurx got to do with Genting Berhad share price ?
Stock: [GENTING]: GENTING BHD
2023-11-08 14:48 | Report Abuse
Opportunity to collect more before 5pm close and next bull run.