A Very Happy & Merry Christmas and, A Very Happy & Huat Chai New Year PLUS A Very Very Happy, Prosperous, Bountiful and Beautiful Chinese New Year to all believers here. HUATTTTTTTTT AAAHHHHHHHH and YAMMMMMM SENGGGGGGGGGG!!!!!!!!!!!!!!
We are all waiting for long overdue uplift. Some folks here say what a recovery from 403 to now….but the price should not have gone to 403 in the first place measured against any metrics and forward outlook….which makes me wonder what sort of shareholders in play. The foreign institutional investors have small allocation to Malaysia ..and they are proper medium to longterm investors. In Malaysia we don’t have sufficient stats…if you go through local institution holdings the insurers funds under management but have small amounts allocated to Genting.
Date: 2023-11-24 Firm: PUBLIC BANK Stock: GENTING Price Target: 5.80 Price Call: BUY Last Price: 4.63 Upside/Downside: +1.17 (25.27%) Genting Bhd’s (GENT) 3QFY23 net profit grew more than threefold to RM520.5m from RM160.6m in 2QFY23, mainly driven by stronger contribution from Singapore and Malaysia. For 9MFY23, core net profit of RM1,211.3m surpassed our and consensus estimates at 127% and 117% of full-year estimates respectively. This was mainly due to stronger-than-expected recovery in Genting Singapore’s (GENS) profit. We raise our FY23-25F earnings profit by an average of 37%, factoring in higher contribution from Genting Singapore on the back of a sustained recovery of the travel and tourism industry. Consequently, our SOTP-based TP is revised to RM5.80. Maintain Outperform.
I was lucky enough to sell out of GENTING stock at a price of rm7.02 in year 2019 before the Empire Resort acquisition. I'm not sure or don't know if the time has come for me to collect back at least 1/3 of my disposed GENTING stock, previously.
Why does GENTING continues to acquire the Empire Resort stakes of Kien Huat Realty Sdn Bhd (KHR) from its owner Tan Sri Lim Kok Thay ? What is the benefit for GENTING shareholders ! If you don't know, Empire Resort is expected to remain loss-making for the next five years, according to CGS-CIMB Research.
Charlie Munger had instilled in Warren Buffett, "Buy a wonderful business at a fair price, not a fair business at a wonderful price". So, my question to enquire;- Is GENTING a wonderful business entity that has a fair stock price now?
World markets r reveling and celebrating Xmas joy much earlier tis year than usual. I expect New Year 2024 and ushering in of CNY of Wood Dragon in Feb 2024 w b celebrated most joyous and happily tis time around after wat we’ve gone through in recent years. I’m looking forward to a most happy, healthy and prosperous New Year 2024. I hope it brings many good blessings with lots of abundance to everyone.
Dow Jones went up 520 points. I do agree that this is the beginning of a bull run. 1st December 2023 is the start of the free visa for China and India tourists. Let the Genting casino be full of gamblers.
Singapore’s billionaires increase wealth by almost a third in 2023: UBS
Billionaires surveyed within the region were also noted to have a “home bias”, as 50 per cent said they viewed Apac as the greatest opportunity for returns over the next 12 months. Lai.. lai ...buy GenB and GenM.
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....