Posted by WinSSP > 2022-11-13 17:55 | Report Abuse

Agree @Michael Chan…. got one TR fella tried very hard to show off which we all ignore easily :)

Posted by Michael_chan2022 > 2022-11-13 18:40 | Report Abuse

Singapore tourist arrivals grow for 8th straight month in September to 778,141
UPDATED THU, OCT 20, 2022 - 5:13 PM
ELYSIA TAN

Singapore has received some 3.7 million international visitor arrivals this year, with about 2.2 million arriving in Q3. PHOTO: AFP
SINGAPORE’S international visitor arrivals grew for the eighth consecutive month in September to set another monthly record since the start of the pandemic, according to latest figures from the Singapore Tourism Board (STB).

There were 778,141 arrivals in September, up from the 728,744 visitors recorded in August, though the new figure remains far below the 1.5 million recorded in September 2019 before the pandemic.

Posted by Michael_chan2022 > 2022-11-13 18:41 | Report Abuse

The latest figure of singapore tourists arrival is only about 50% of the 1.5 million visitors recorded in September 2019...yet Genting Singapore Q3 net profit more than doubles to S$135.8 million as travel recovery continues..

Posted by Michael_chan2022 > 2022-11-13 18:42 | Report Abuse

Oh..! Not one but both the casinos in Singapore are showing strong recovery in earnings...

Posted by Michael_chan2022 > 2022-11-13 18:43 | Report Abuse

With Japan, South Korea and Taiwan finally reopened its borders to foreign travellers from October 2022...we are expecting the tourists arrival to hit more than 1 million in December 2022

Posted by Michael_chan2022 > 2022-11-13 19:02 | Report Abuse

https://www.ceicdata.com/en/indicator/malaysia/visitor-arrivals

Malaysia Visitor Arrivals recorded 1,076,218 person in Jul 2022

I would expect 云顶大马 q3 result 应可强势复苏

Posted by Michael_chan2022 > 2022-11-13 19:04 | Report Abuse

So it's time to ignore the noise, focus on the fundamental, high profitable PE, Cheap PB value....reasonable growth and stable industry

Posted by MoneyMakers > 2022-11-13 20:26 | Report Abuse

Walao whole weekend dont see bank promoters (*cough investmalaysia/stkoay*)

Must be record - 3days bite their tongue kikiki

Posted by newbie2019 > 2022-11-13 22:00 | Report Abuse

4.7 tomorrow?

Posted by neohts > 2022-11-14 07:46 | Report Abuse

https://www.nst.com.my/business/2022/11/849369/solid-q4-genting-malaysia

KUALA LUMPUR: Genting Malaysia Bhd is expected to post a solid fourth quarter (Q4), given the year-end seasonality, Kenanga Research said.

This also follows the strong set of Genting Singapore's nine-month FY22 results where core profit jumped 75 per cent quarter-on-quarter (QoQ) to SG$241 million on higher revenue as tourists returned.
This was also backed by 49 per cent QoQ and 107 per cent year-on-year (YoY) hikes in Q3 FY22 revenue with gaming revenue led by the more affluent and premium customers that stayed slightly longer.

"We remain optimistic that the two-year lacklustre earnings streak at Genting Singapore is likely ending with earnings recovery from Q2 FY22 as the reopening of international borders from April 1 slowly brings back visitorship.

"And, this would apply to Genting Malaysia as well. This should eventually benefit the parent company Genting Bhd as well," it said.

Kenanga Research has raised Genting Malaysia's FY22 and FY23 earnings forecasts by 21 per cent and 19 per cent to reflect the strong Genting Singapore's Q3 FY22 earnings.

Singapore registered a 91 per cent jump in tourist arrivals of 2.04 million in Q3 2022 from 1.07 million in Q2 2022 a contrast to only 246,000 during the pre-reopening of international border from April 1, in Q1 2022.
Kenanga Research said this made up 72 per cent of the consensus' FY22 forecast.

"We deem the result is above expectation given that Q4 FY22 is seasonally a strong quarter on year-end holiday season and result usually is stronger than that of Q3," it said.

Posted by neohts > 2022-11-14 09:12 | Report Abuse

https://www.thestar.com.my/business/business-news/2022/11/14/singapore-lift-for-genting

Singapore lift for Genting
PETALING JAYA: Amid cautious market sentiment over fears of a global recession, shares of Genting Bhd, and its 49.5%-owned Genting Malaysia Bhd have been holding up fairly well as investors bet on an “meaningful earnings recovery” with the easing of preventive restrictions across the gaming group’s key markets.

UOB Kay Hian (UOBKH) Research said it expects the Genting Group to elevate its earnings recovery momentum in the third quarter of financial year 2022 (3Q22), leveraging on continuously strong local patronage, better international visitations and full restoration of operating capacity.

“Furthermore, Genting Malaysia’s Resorts World Genting (RWG) is also primed to benefit from the ramping up of its hotel capacity to over 7,600 rooms (2Q22: 6,000 rooms) and resilient patronage during several holidays in 3Q22.
Meanwhile, Genting’s earnings will also be lifted by stronger performance from Resorts World Sentosa (RWS) which will benefit from Singapore’s pent-up tourism demand, higher hotel occupancy and average room rates,” the research firm said in a gaming sector report.

Last week, Genting Singapore Ltd, which is 52.63%-owned by Genting, saw its net profit double sequentially to S$132.3mil (RM44.2mil) for the 3Q22 ended September.

Revenue, meanwhile, surged 49% from better contributions of its affluent and premium customers. At 87% of pre-pandemic levels, analysts said this was Genting Singapore’s best quarterly revenue since the Covid-19 outbreak in 2020.

Genting and Genting Malaysia are expected to release their 3Q22 results later this month.

Posted by WinSSP > 2022-11-14 10:08 | Report Abuse

elections this sat, brace for more red depending on outcome of elections n who is next PM

Posted by BodohStock > 2022-11-14 10:12 | Report Abuse

UAE first casino confirmed, to be bigger than Las Vegas

https://www.arabianbusiness.com/industries/travel-hospitality/uae-first-casino-confirmed-in-ras-al-khaimah-to-be-bigger-than-las-vegas-report

Posted by WinSSP > 2022-11-14 10:18 | Report Abuse

UAE Islam country rite? Allowed to build casino meh

Posted by Michael_chan2022 > 2022-11-14 10:44 | Report Abuse

https://www.theedgesingapore.com/capital/brokers-calls/analysts-remain-optimistic-genting-singapore-expect-earnings-momentum-sustain

Posted by neohts > 2022-11-14 11:00 | Report Abuse

Q3 2022 result - TP RM6.00
Q4 2022 result - TP RM7.00

Posted by casanwk > 2022-11-14 11:30 | Report Abuse

Underground casino - np
Hahaha!

Posted by Michael_chan2022 > 2022-11-14 12:12 | Report Abuse

According to UOBKH Research, its channel checks revealed that footfall to RWG during the recent public and school holidays was comparable to pre-pandemic levels.

It said re-rating drivers include the combination of a sharp earnings recovery with accompanying lush dividend yields, and specific to Genting Malaysia is potentially securing a downstate New York concession.

Meanwhile, Kenanga Research has raised Genting’s FY22 and FY23 forecast earnings by 21%/19% to reflect the stronger than expected results from Singapore.

“We expect another solid quarter in 4Q22 given the year-end seasonality,’ said Kenanga Research.

It said based on Genting Singapore’s quarterly business overview note, “we sense improved sentiment as the company is confident and excited about growth opportunities where RWS 2.0 expansion is proceeding expeditiously as planned”.

But for now, it was keeping its outperform rating on Genting with a
RM5.86 target price.

This was a 40% discount to the sum-of-the-parts valuation to encompass a the stock’s holding company discount and risk premium to reflect related-party transactions.

As for UOBKH Research, it has a
RM6.92 target price for Genting, and RM4 for Genting Malaysia.

Besides Genting Malaysia’s bid for a downstate New York gaming concession, UOBKH Research said there were several other catalysts for the Genting Group.

Other events worth monitoring are Genting’s investee TauRx Pharmaceutical’s clinical trial progress update and the focus on capital management over at Genting Singapore’s following its withdrawal from Japan’s integrated resort bids.


As for Genting Malaysia, a potential catalyst could be from its surprise bid for a Macau gaming concession.

The group also stands to be a beneficiary of China’s eventual border reopening.

Posted by Michael_chan2022 > 2022-11-14 12:15 | Report Abuse

China’s loosening of border restrictions remains the missing piece that serves as a strong re-rating catalyst for both the countries’ gaming industries.

To recap, Chinese visitors made up 19-20% and 11-12% of Singapore and Malaysia’s pre-pandemic tourist arrivals in 2018-19,” UOBKH Research said.

The research firm expects China to ease travel restrictions from 1Q23 onwards, and the pent-up demand for travel may allow RWG and RWS to potentially deliver above pre-pandemic gross gaming revenue.

Posted by emsvsi > 2022-11-14 13:41 | Report Abuse

HODL THE LINE GENTING SHAREHOLDERS ! LET THE WEAKLINGS SUCCUMB TO THEIR FEARS !

Posted by Michael_chan2022 > 2022-11-14 15:27 | Report Abuse

GenS is seeing a strong recovery in its earnings....but in the past few months looking at the big empty carpark, and a smaller crowd at resort world sentosa compared to pre-pandemic is... a big disappointment hor

Thus, it's a pleasant surprise to see its Q3 net profit more than doubles to S$135.8 millions

Posted by Michael_chan2022 > 2022-11-14 15:29 | Report Abuse

Visiting Genting Highlands in early August is a different experience. Hotel on the Highlands are fully booked... I stayed in Hilton at KL Sentral as it was convenient to travel by train to the airport

I took a bus and travelled up to Genting in the morning and returned in the evening for 2 days...

So what do you think would be the q3 result for GenM ?

Posted by Michael_chan2022 > 2022-11-14 15:39 | Report Abuse

But there's a question... the crowd up there at Genting Highlands hasn't return to the pre-pandemic level...why the hotels were fully booked ?

Posted by Michael_chan2022 > 2022-11-14 15:50 | Report Abuse

Btw, we are seeing,
Q3 2022 result - TP RM6.00
Q4 2022 result - TP RM7.00

Cheers !

Posted by emsvsi > 2022-11-14 18:19 | Report Abuse

GOOD CLOSING ! TOMORROW CONTINUE AND NEXT WEEK AFTER GE15...UNLIMITEDDD UPPP

Posted by AngTayKor > 2022-11-14 18:24 | Report Abuse

Posted by AngTayKor > 1 week ago | Report Abuse

TauRx Warrants Exercise
The latest results:-
1) 99.34% subscribed
2) amount raised = USD119.281 million.
-----------------------------

https://www.prnewswire.com/news-releases/taurx-announces-additional-investment-of-usd119-million-following-announcement-of-phase-3-lucidity-topline-results-301676168.html

Posted by Investfrog > 2022-11-14 18:29 | Report Abuse

Alot of buycall, genting coming back and will follow genting singapore footstep

Posted by RWG > 2022-11-14 19:52 |

Post removed.Why?

Posted by AngTayKor > 2022-11-14 20:46 |

Post removed.Why?

Posted by DestinyL > 2022-11-14 20:47 | Report Abuse

We welcome RWG to tell us stories!

Posted by DestinyL > 2022-11-14 20:54 | Report Abuse

Michael_chan, hotels full because they only count the opened units
Opened units has gradually increased

Posted by emsvsi > 2022-11-14 21:24 | Report Abuse

COME RAIN OR SHINE GENTING WILL SKYROKET AFTER GE15 HOOT9EEE !

Posted by Michael_chan2022 > 2022-11-14 21:32 | Report Abuse

Ok. Hotels are not fully opened yet in Aug 2022..only count the opened units. Thanks DestinyL

Posted by Michael_chan2022 > 2022-11-14 21:36 | Report Abuse

Must find out the percentage of hotels have opened as of today ..

Posted by DestinyL > 2022-11-14 22:47 | Report Abuse

That must've been a clever disguise by certain party to obscure the simple hotel occupancy fact

Posted by DestinyL > 2022-11-14 22:52 | Report Abuse

From their website, GenM has 10.5k hotel rooms across 7 hotels (might include Terengganu and Langkawi)
https://www.gentingmalaysia.com/corporate_profile/

I vaguely remember last seeing the figure of 8k+ opened hotel rooms
Need to further dig back to confirm

Posted by Michael_chan2022 > 2022-11-15 06:42 | Report Abuse

Good. About 80% of the hotel rooms have opened for booking... so genting business has recovered to 80% of pre-pandemic levels @DestinyL, appreciate your explanation

Posted by Michael_chan2022 > 2022-11-15 06:43 | Report Abuse

Expect to reach 90% in q4 and 100% by q1 of 2023

Posted by BradonOoi > 2022-11-15 11:21 | Report Abuse

Then can expect Genting back to profits for the following quarters

Posted by DestinyL > 2022-11-15 12:26 | Report Abuse

TP8 also no point if not going to move lol

Posted by Michael_chan2022 > 2022-11-15 12:43 | Report Abuse

Yes, 業绩是王道..
Retailers, we buy now,
Institutions and fund managers will start buying after the world Cup and December holidays

Posted by BILLC > 2022-11-15 13:35 | Report Abuse

Don’t be silly,,,,wait for judgement day first,,,,4 more days only,,,,if PAS maufakat menteri besat coming,,,,habisss koyakkkk my Genting,,,,,

Posted by ElGato > 2022-11-15 13:35 | Report Abuse

15 days till CTAD conference in San Fran, another marker for Genting shares.

Posted by AngTayKor > 3 days ago | Report Abuse

Yes Taurx kaki ElGato. Im watching this event too. USA media usually skewed more favorably towards Amyloid camp and ready to bomb Taurx. 3 horses running and Roche is out. Left 2 horses. Biogen will always tout their meagre CDR-SOB slowdown and downplay their ARIA risk. I have a feeling Biogen will emerge as the winner at CTAD San Fran.

Posted by ElGato > 2022-11-15 14:28 | Report Abuse

Absolutely, Biogen has over 1 hour+ of speaking time with Q&A at the conference while Taurx only has 15 minutes. The odds were already stacked against us in the first place.

Posted by AngTayKor > 2022-11-15 16:43 | Report Abuse

Posted by ElGato > 42 minutes ago | Report Abuse
Absolutely, Biogen has over 1 hour+ of speaking time with Q&A at the conference while Taurx only has 15 minutes. The odds were already stacked against us in the first place.
------------------------------------------------------

GenB price dipped by a few bids after you posted this info? :p

Posted by DestinyL > 2022-11-15 17:10 | Report Abuse

Whole market dipped
Scooped up some bargains

Posted by RWG > 2022-11-15 17:15 | Report Abuse

dsai is white knight of malaysia

Posted by Michael_chan2022 > 2022-11-15 20:13 | Report Abuse

https://youtu.be/AXfjpjSJZKA

wow! This one is good. Must share...
Yes, 我们要發達

Posted by emsvsi > 2022-11-15 21:30 | Report Abuse

WHICH PAPER HAND SOLD TODAY ! JUST A FEW MORE DAYS TO THE MOON !