There is more upside than it's NTA . KNM hidden value is much higher if well managed. Borsig, WTE Peterborough, Thailand ethanol, Italian operation and not to mention it's EPC capacity. The sum total value is tremendous. Unfortunately it was previously milked by LSE family for their own interests. New horizons coming
Congratulation to the new management team and especially the CEO Terence Tan for bringing on board the new investor , MAAG to be substantial shareholder. It has been a worthwhile journey to remove the old Lee club and making new blood to show the investment communities that good days are coming .well done !!!. I hope all the investors like sardine are very delighted to see what we have achieve since 29th June AGM AND EGM. Together we can do it . Let’s celebrate for the new milestone for the share price beyond NTA.
u want talk NTA? better look at INSAS la - its almost 3 times its current share price. Fair value most of the time wont be reflected if there is no stock operators to spur the buying interest
Pre-pandemic share price before the Covid-19 lockdowns:-
As at 20 January 2020 (close): Genting: RM 6.17 GenM: RM 3.36
As at 3 Sep 2021 (close): Genting: RM 5.02 (-18.6%) GenM: RM 3.00 (-10.7%)
Market capitalisation: GenS: RM 28.9 bil (52.7% owned) GenM: RM17.8 bil (49.5% owned) RWLV: RM17.8 bil (100% owned) [Cost USD 4.3bil @ 1USD : 4.15RM]
As can be seen Genting's share price performance has lagged that of peers and more importantly, it has completely ignored the value of 100%-owned Resorts World Las Vegas (RWLV) which is equivalent to Genting Malaysia's market capitalisation, and whose performance in the 2Q21 June quarter has exceeded expectations even though RWLV was only open for 6 days in the quarter under review (24 June-30 June)
It is clear that Genting (3182) is a no-brainer investment
Sincerely, emsvsi
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Ben333
79 posts
Posted by Ben333 > 2021-09-03 02:13 | Report Abuse
There is more upside than it's NTA . KNM hidden value is much higher if well managed. Borsig, WTE Peterborough, Thailand ethanol, Italian operation and not to mention it's EPC capacity. The sum total value is tremendous. Unfortunately it was previously milked by LSE family for their own interests. New horizons coming