Posted by RWG > 2022-07-13 10:30 | Report Abuse

looks bear army become weak day by day, time bull army to collect at cheap price

Posted by Income > 2022-07-13 11:02 | Report Abuse

Don’t worry. Covid is like Flu. Covid and Flu will be around forever. You see Flu never went away after how many thousands years???
The Genie is out of the bag. Cannot stop that Genie already. Too late.

Posted by emsvsi > 2022-07-13 11:34 | Report Abuse

RWG IT IS ALWAYS BULL IN GENTING CASINOS ANYTIME ANYWHERE THERE ARE BILLIONAIRES BEING MINTED !

Posted by Goldgent > 2022-07-13 11:38 | Report Abuse

Vegas Loop
https://www.youtube.com/watch?v=wyBi-cRi7kI
https://www.youtube.com/watch?v=MM_BgK5Rr-U
https://www.youtube.com/watch?v=lBD3CaapSQk
https://www.youtube.com/watch?v=EITbtlB-JRY

Posted by 1invest1 > 2022-07-13 12:17 | Report Abuse

Goldgent, good sharing. Thanks.

Posted by neohts > 2022-07-13 15:14 | Report Abuse

Why so many people selling Genting Berhad share. For sure when Q2 result out share price sure goes up.

Posted by emsvsi > 2022-07-13 15:16 | Report Abuse

YES NEOHTS BE PATIENT GENTING IS A SHURE WIN STOCK

Posted by OnTime > 2022-07-13 15:19 | Report Abuse

the only sure thing is death and destruction

Posted by RWG > 2022-07-13 15:48 | Report Abuse

https://www.theedgemarkets.com/article/canada-fund-aimco-picks-singapore-over-hong-kong-asia-beachhead, canada funds we welcome you to malaysia

Posted by RWG > 2022-07-13 16:05 | Report Abuse

genting 4.50 pun sudah bocor

Posted by RWG > 2022-07-13 16:33 | Report Abuse

many die in klci

Posted by RWG > 2022-07-13 16:49 | Report Abuse

https://www.bharian.com.my/bisnes/pasaran/2022/07/975588/pelabur-asing-terus-jual-saham-di-bursa-malaysia

Posted by KooSan > 2022-07-13 21:17 | Report Abuse

Malaysia Boleh

Posted by BradonOoi > 2022-07-13 23:14 | Report Abuse

Tomorrow market will be fluctuating greatly as the US CPI for June is 9.1% YoY!

Posted by choysun > 2022-07-13 23:28 | Report Abuse

Hmm, so tomorrow shopping day? :p

Posted by stkoay > 2022-07-14 13:03 | Report Abuse

Wah....choysun continue to shop non stop....haha...:p

Posted by limkokthye > 2022-07-14 14:15 | Report Abuse

Waiting big recession, rm3.00 is coming

Posted by OnTime > 2022-07-14 14:40 | Report Abuse

2023

Posted by 1invest1 > 2022-07-14 16:45 | Report Abuse

Yes, Super High Inflation in US
Mkt talk maybe 100 pts rate hike July.
Asian banks may have more rate hikes
Stk mkts may have more challenges.
GB may retreat much more.
If you want to buy GB, wait.
Not even close to bottom yet.
When US sneeze, we catch COLD.
Who knows how far down mkt may go

Posted by BradonOoi > 2022-07-14 17:16 | Report Abuse

Nice. Quite steady Genting de share price movement after the high US CPI

Posted by undercutter > 2022-07-14 17:18 | Report Abuse

see you soon, recession in on the way now

Posted by SHQuah > 2022-07-14 21:50 | Report Abuse

Q2 Results end of August. Hopefully got dividend.

Posted by newbie2019 > 2022-07-14 22:17 | Report Abuse

stuck in middle now….I think GB share price will be 4.00-5.00 in coming 6 months….will not collect more nor sell in this range in view of normalization of int rate

Posted by newbie2019 > 2022-07-14 22:18 | Report Abuse

jus hoping for div only liao

Posted by Casual_Analyst > 2022-07-14 22:26 | Report Abuse

https://www.cnbc.com/2022/07/13/casino-ceos-say-the-industry-isnt-yet-seeing-signs-of-recession-but-is-prepared-for-a-pullback.html

Sharing it with fellow investors :D
HODL HODL HODL

Posted by 1invest1 > 2022-07-14 23:27 | Report Abuse

Casual_Analyst, CEOs are correct now

US leads world economics & finance
US facing economic & financial crisis
Affects-influences economics-finance
Central banks>banks>stk mkts affected
Retailers affected if stk mkt falls.

Posted by choysun > 2022-07-14 23:49 | Report Abuse

@stkoay Where got nonstop la. You think I print money meh... :p From time to time, dip then add a bit lo :)

Posted by stkoay > 2022-07-15 00:04 | Report Abuse

Haha.....in this kind of market, the best place to shop...is high dividend stock

....come come to catch more tigers :p

Posted by AngTayKor > 2022-07-15 00:13 | Report Abuse

Gaming - Visitors Are Back, and Yields Are Attractive; O/W
Date: 2022-07-14
Firm: RHB-OSK
Stock: GENTING
Price Target: 6.37
Price Call: BUY
Last Price: 4.50
Upside/Downside:
+1.87 (41.56%)
OVERWEIGHT.

At Resorts World Genting (RWG), tourists and gamblers are back, which should fuel a meaningful sector earnings recovery in the coming quarters. While we think that gaming and non-gaming revenues, and number forecast operators’ (NFO) ticket sales should continue recovering towards pre-pandemic levels, we highlight that inflation may dampen consumers’ discretionary spending. Nevertheless, the casinos’ undemanding valuations of 6-8x FY23F EV/EBITDA and NFOs’ attractive yields of c.7% provide a defensive proposition amidst market uncertainty.

The return of tourists and gamblers. From our recent ground checks at RWG on a Wednesday afternoon, we found that hotel rooms are fully booked for the weekends. We were also pleasantly surprised by the large casino crowd on a Wednesday afternoon. As Malaysia’s and Singapore’s borders have reopened, we think that RWG and Resorts World Sentosa (RWS) are likely ramping up efforts to attract tourists from the region.

The casinos are beneficiaries of a weakening MYR, in our view. YTD, the USD has strengthened by c.6% against the MYR. With Genting Malaysia (GENM) typically earning 8-16% of its adjusted EBITDA from the US division (1Q22: 19%), and Genting (GENT) typically earning 6-10% of its adjusted EBITDA from the US (trailing 12-month average: 31%, 1Q22: 21%), the strengthening USD/MYR should translate into higher MYR earnings. As GENT's management is still ramping up the business at Resorts World Las Vegas (RWLV), its EBITDA contribution from the US should rise accordingly. A weaker MYR may also make Malaysia a more affordable tourist destination for foreign tourists, but we note that, historically, more than 80% of RWG's visitors are domestic tourists.

Inflation casts a shadow. May's inflation in most of GENT and GENM's operating markets – Malaysia (2.8%), the US (8.6%), the UK (9.1%), Singapore (5.6%) – have been higher than expected. Given the discretionary nature of casino and leisure spending, we think that potentially persistent and high inflation rates and, as such, weakened consumer spending power, could adversely impact GENM's gaming and non-gaming revenues, as well as GENT's leisure and hospitality businesses.

NFOs – slow recovery, but attractive yields. We gathered that ticket sales in 2Q22 were still at 70-80% of pre-pandemic levels – a sign of punters’ continued weakened financial conditions and reliance on illegal operators. While we think that inflation may drag on ticket sales, we highlight that Magnum offers a dividend yield of 6.7%, and Sports Toto (SPTOTO) offers 7.2%, which we think are attractive amidst market uncertainty.

Top Pick: GENT. GENT’s leisure and hospitality businesses should continue to recover with the on-going resumption in tourism activity. Its plantations and oil & gas units stand to benefit from elevated ASPs stemming from high commodity prices. Its 6.3x FY23F EV/EBITDA is attractive vs the regional peer average of 12x, and any additional value accretion from GENT’s 20%-owned TauRx Pharmaceuticals is a plus point. Among the NFOs, we prefer SPTOTO. Apart from its continued ticket sales recovery, we also like the growth exposure from its other segments, such as its UK motor dealership and hotel & gaming businesses in Berjaya Philippines. Key risks to the sector include a fluctuation in luck factor, changes in government policies, and a prolonged pandemic.

Source: RHB Securities Research - 14 Jul 2022

Posted by Sunflower01 > 2022-07-15 09:24 | Report Abuse

yup

Posted by JBond007 > 2022-07-15 09:26 | Report Abuse

Seems that MGM wants a footprint in Singapore. The target, the Sentosa casino!
https://www.bloomberg.com/news/articles/2022-07-14/casino-firm-genting-singapore-is-said-to-draw-takeover-interest

Posted by Calafate > 2022-07-15 09:39 | Report Abuse

Genting Singapore draws takeover interest from MGM Resorts
https://www.straitstimes.com/business/companies-markets/genting-singapore-draws-takeover-interest-from-mgm-resorts

Posted by Casual_Analyst > 2022-07-15 10:20 | Report Abuse

@1invest1,

Totally agree with your points :D

Posted by newbie2019 > 2022-07-15 10:22 | Report Abuse

ah that’s why up….

Posted by OnTime > 2022-07-15 10:26 | Report Abuse

M&A always triumphs inflation, deflation, stagflation, recession, and other -tionism

Posted by Goldgent > 2022-07-15 10:48 | Report Abuse

Genting Singapore up 6.7% on talks of rising investor interest
https://www.businesstimes.com.sg/companies-markets/hot-stock-genting-singapore-up-67-on-talks-of-rising-investor-interest

Posted by 1invest1 > 2022-07-15 11:04 | Report Abuse

Even Main Strong Vocal Stk Investor
emsvsi
mentioned b.... is dyg

Posted by 1invest1 > 2022-07-15 11:44 | Report Abuse

Lim Siew Kim, daughter of
late Genting group founder
Tan Sri Lim Goh Tong,
has passed away on Thursday
(July 14), aged 73.

https://www.theedgemarkets.com/article/lim-siew-kim-daughter-late-gent...

Posted by Junichiro > 2022-07-15 12:00 | Report Abuse

MGM Resorts said to be eying Genting Singapore investment

Fri 15 Jul 2022 at 06:12

Posted by WinBigOrLoseAll > 2022-07-15 12:31 | Report Abuse

superb, let's sell to MGM then the cash issue is resolved.
the money give out some as divvy, and use it to pay debt and invest into Thailand casino

Posted by stkoay > 2022-07-15 12:36 | Report Abuse

Wow....congratulation choysun for shopping at the right time :)

Posted by Hemsley > 2022-07-15 13:38 | Report Abuse

Sell RWS to fund Thailand casino? This is moving backward. Thai baht better than SGD?

Posted by JBond007 > 2022-07-15 15:36 | Report Abuse

Genting S'pore request for trading halt!
https://links.sgx.com/1.0.0/corporate-announcements/QW5TS6KJF79D1OJB/06395b9a38b73666fadc575ec8a01767cd3543f13357bb215fdb2f704ede6e68

Posted by WinSSP > 2022-07-15 15:38 | Report Abuse

Huat coming!

Posted by WinSSP > 2022-07-15 15:42 | Report Abuse

if no speak thai, siapa dare do biz in thailand with current govt structure? Nanti lesen kena tarik balik, all investments down the drain. That’s why GB chose to do biz in SG, in US & UK…. outside Msia

Posted by nicholas99 > 2022-07-15 15:49 | Report Abuse

it proved what i mentioned is right .... genting lose big in las vegas.

KUALA LUMPUR (Feb 24): Genting Bhd slipped into the red in the fourth quarter ended Dec 31, 2021 (4QFY21), posting a net loss of RM129.81 million — its fourth straight quarterly loss — compared to a net profit of RM24.98 million a year ago, on higher depreciation and net finance costs arising mainly from Resorts World Las Vegas’ commencement of operations.

The group's quarterly performance was also dragged down by the higher share of losses in joint ventures and associates, mainly due to a share of loss from the Meizhou Wan power plant in China as a result of higher coal costs despite better generation.

Posted by nicholas99 > 2022-07-15 15:49 | Report Abuse

That's why they want to sell one of their golden egg in Genting Singapore.

Posted by nicholas99 > 2022-07-15 15:50 | Report Abuse

Bloomberg is reporting that MGM recently approached the Lim family to gauge interest in a deal and although no such agreement was reached, MGM “could resume its pursuit of the company.” The report suggests that other potential suitors are also studying Genting Singapore, which has traditionally been Genting Group’s most profitable entity since RWS – one of only two integrated resorts in Singapore alongside Marina Bay Sands – opened in 2010.

It was also one of the group’s few businesses to remain profitable through much of the COVID-19 pandemic, having most recently reported a 13% year-on-year increase in revenues to SG$315 million (US$225 million) and 17% increase in net profit to SG$40 million (US$29 million) in 1Q22.

Genting Singapore’s Malaysian-listed parent, Genting Berhad, owns 53% of the business.

Posted by nicholas99 > 2022-07-15 15:50 | Report Abuse

bad deal if goes through.

Posted by nicholas99 > 2022-07-15 15:51 | Report Abuse

should sell the LAS vegas casino to fund thailand casino