RUN in MAY 2023

RUN in MAY

RUN in May

ttps://www.thestar.com.my/news/nation/2023/04/14/tourism-ministry-signed-deal-to-lure-450000-tourists-from-china-during-pm039s-beijing-trip-says-tiong

KUALA LUMPUR The Tourism, Arts and Culture Ministry has successfully lured 450,000 tourists from China after the signing of two agreements during Prime Minister Datuk Seri Anwar Ibrahim's official visit to the country last month, says Datuk Seri Tiong King Sing (pic).

The minister said the success was the result of the promotion done by Tourism Malaysia in conjunction with the Prime Minister’s visit to Beijing, China on March 29.

Our investments in life sciences companies such Genting
TauRx Diagnostics Centre Sdn Bhd, TauRx Pharmaceuticals
Ltd (“TauRx”), Celularity Inc. and DNAe Group Holdings
Limited are at various stages of research and
development for new treatments and ways to improve our
health and lifestyle.
In October 2022, the 20.33% owned TauRx announced
encouraging top-line results from their Phase 3 Alzheimer’s
study, LUCIDITY, the only late-stage clinical trial specifically
targeting the tau pathology of Alzheimer’s disease.
Additional data analysis is ongoing. TauRx expects to
announce further data upon the completion of their 24-
month study by mid-2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3342340

STATEMENT IN RELATION TO THE PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY.
GENT is proposing to seek your approval for the renewal of the authority for GENT to purchase its own
shares of an amount, which, when aggregated with existing treasury shares, does not exceed 4% of its
prevailing total number of issued shares at any time within the time period stated in Section 2.2 below. Such
purchase is subject to compliance with Section 127 of the Act and any prevailing laws, rules, regulations,
orders, guidelines and requirements issued by the relevant authorities at the time of the purchase.

https://www.theedgemarkets.com/node/663207

Citing Bloomberg, the analyst said that Genting Malaysia Bhd's sale of its Miami assets is likely to be realised with a value of between US$1 billion (RM4.4 billion) and US$1.5 billion, and may be completed in the coming weeks.

https://www.theedgemarkets.com/node/663207

KUALA LUMPUR (April 13): Hong Leong Investment Bank Bhd (HLIB) has maintained its “buy” call on Genting Bhd, with an unchanged target price of RM6.75

https://www.theedgemarkets.com/node/663207

HLIB keeps ‘buy’ on Genting as it sees value in stock.

Does selling make you a winner or loser ?
Actually you are a coward with no balls.

Why do you sell when you have already been holding for so long.
GenB got more good news and basically no bad news.

Q1 2023 result end of May 2023.

why eating all small small quantity ?
Who is behind all this Ding Dong ?

Why selling when there are so many good news.

https://www.theedgemarkets.com/node/661209

Kenanga said this should benefit casino operators Genting Malaysia Bhd (outperform; target price [TP]: RM3.56) and Genting Singapore plc (not rated), as well as their parent company Genting Bhd (outperform: TP: RM5.86).

why selling when we should be buying.

https://www.thestar.com.my/business/business-news/2023/03/28/big-gains-for-genm-on-potential-miami-property-exit

It said the leisure and hospitality group could realise proceeds of at least RM4.4bil and recognise a disposal gain of at least RM2.9bil or 52 sen per share.

Last quarter 300 millions impairment.
Next quarter profit on disposal of Assets 2.5 billions

GenM, GenS and GenP all under GenB

https://www.thestar.com.my/business/business-news/2023/03/27/genting-malaysia-genting-rally-after-news-of-likely-miami-property-sales

The company could recognise a gain on disposal of about RM2.9 billion, assuming the waterfront is sold for US$1 billion.

https://www.freemalaysiatoday.com/category/nation/2023/03/25/gentings-prime-miami-waterfront-property-attracts-5-bids-topping-us1bil/

MIAMI: A prime waterfront Miami parcel put up for sale by Genting Bhd has attracted five offers exceeding US$1 billion, according to the broker, potentially setting a record for such property.

Genting, which owns casino resorts in Malaysia, Singapore and the US, acquired the Florida property and some nearby real estate for about US$236 million in 2011.

https://www.theedgemarkets.com/node/660347

“Going forward, consensus is projecting the group to make [a] net profit of RM1 billion for FY December 2023 and RM1.27b for FY December 2024, translating to forward PERs of 14.5x and 11.4x respectively,” it said.

Genting Bhd got nothing to do with US bank.

No update and news on GenB ?

https://www.theedgemarkets.com/node/659595

Thong said the gaming sector will be a major beneficiary of recovery in 2023, driven by improving ticket sales for number forecasting operators (NFOs) and returning of China’s tourists to Genting Highlands.

“Genting Malaysia is poised to record stronger earnings in 2023, boosted by the reopening of all hotel inventory and addition of new theme park attractions while NFOs still offer attractive dividend yield,” he said.

Rakuten Trade chose Genting Malaysia Bhd, Magnum Bhd and Sports Toto Bhd as its top picks of the sector.

Opportunity.

Bought some more 4.48

Bought 4.48

Don't worry so much.
GenB no way could go under PN17.
GenB still can pay dividend every year.
GenB cannot close down.
GenB NTA RM8.23

https://klse.i3investor.com/web/stock/analysis-price-target/3182

A price target is an analyst's projection of a share's future price.

typo error 9 cents

Just wait for Q1 2023 result and collect 9 % Dividend first.

Support Pakatan. Support Malaysia. Support Anwar.

If PAS win, Not just Genting Berhad. All stocks will go down. The whole Malaysia stock market game over.

Current price should be BUY call.
Just accumulate for long term investment.

1 ) If Q1 2023 no more impairment, result should be positive.
2) Reversal of Sin tax or Gambling Tax on impairment in Q4 2022 as one time extra ordinary gain in following quarter.
3) Chinese tourists
4) Listing of RWLV
5) Taurx

Closing time 4.66 very big buy volume. Syndicate accumulating

ATK,
When Taurx could start selling ?

If Q1 2023 no more impairment, result should be positive ?
Just hold until end of May 2023.

Without the impairment the company is making profit.

Net assets per share attributable to ordinary equity holders of the parent ($$) = RM8.23
Current share price RM4.66 is under value.

Stable
Buy Call +

Impairment is not real loss and any time could be be reversed as one time extra ordinary gain.

https://www.businesstoday.com.my/2023/02/23/genting-berhad-turns-around-recording-pbt-of-rm1-26-billion/

https://www.asgam.com/index.php/2023/02/24/gentings-resorts-world-las-vegas-achieves-record-revenue-ebitda-in-4q22/

https://www.nst.com.my/business/2023/02/883018/genting-has-legs-turnaround-says-hlib

https://www.nst.com.my/business/2023/02/883018/genting-has-legs-turnaround-says-hlib

No gambling tax.

1) Waiting for RWLA listing in US stock market. (cash is King)
2) Waiting for TAURX

Q4 2022 - Impairment loss of RM304.8 million.
Q1 2023 - One time Extra ordinary gain of RM304.8 million.....possible