Posted by SHQuah > 2022-12-17 20:17 | Report Abuse

2022 is better than 2021.
2023 is even better than 2022 in revenue, profit and with higher dividend.

Posted by SHQuah > 2022-12-17 20:18 | Report Abuse

If you don't buy now you will regret the rest of your life

Posted by neohts > 2022-12-19 10:07 | Report Abuse

Investing in Genting Berhad are for long term.
At current price return should be better than saving in FD or EPF

Posted by dam82 > 2022-12-19 10:29 | Report Abuse

indeed ... buy if you can hold long term ..china covid is just temp setback ... 2023 should end positive for Genting and 2024 will bring Genting to its glory ....

Posted by SHQuah > 2022-12-20 07:29 | Report Abuse

Once China open Genting Berhad is going to fly very high as Chinese tourist cash rich

Posted by BradonOoi > 2022-12-20 10:45 | Report Abuse

Most of the hotels at Genting there are fully booked. Expected good results for their Q4

https://book.rwgenting.com/member2/HotelApp/HotelList.aspx?paymode=1&checkin=20/12/2022&checkout=21/12/2022&night=1&DestinationID=1&ccDate=0&RoomOrPackage=RoomPackage&room=1&pageid=1&ig=0&disp=hotel&currency=MYR&indexType=3

Posted by 1invest1 > 2022-12-20 13:34 | Report Abuse

Every year-end full hse except last 2 years
Normal better res, as usual, no big surprise

Posted by 1invest1 > 2022-12-20 13:37 | Report Abuse

US-Fed fin'l woes may cause world problems
GB recovery delayed maybe 6 - 9+++ mths

Posted by OnTime > 2022-12-20 13:40 | Report Abuse

as usual, China will pull the world out of recession next year

Posted by StartOfTheBull > 2022-12-20 13:59 | Report Abuse

In 1980s, US sneezing a bit the world economy falls sick. Times now has changed.

Posted by RWG > 2022-12-20 14:47 | Report Abuse

all put out from the market

Posted by RWG > 2022-12-20 15:41 | Report Abuse

https://www.bharian.com.my/berita/nasional/2022/12/1041878/jalan-batang-kali-genting-ditutup-setahun-kkr

Posted by neohts > 2022-12-20 16:34 | Report Abuse

Batang Kali is not the only way to Genting....There are many other way.

Posted by DickyMe > 2022-12-20 16:42 | Report Abuse

Yes! There is the Gombak and Karak Highway routes.

Posted by StartOfTheBull > 2022-12-20 16:58 | Report Abuse

Karak highway is a well and better managed road all the way from Bkt Tinggi to Genting New World Hotel.

Posted by dam82 > 2022-12-20 19:49 | Report Abuse

lets hopefull if we can get year end rally ....

Posted by MrGlover > 2022-12-21 08:35 | Report Abuse

Jingle Bells Jingle Bells... :)

Posted by emsvsi > 2022-12-21 09:31 | Report Abuse

YES GENTING WELCOMES EVERYONE INCLUDING GLOVE LOVERS MRGLOVER

Posted by neohts > 2022-12-21 11:14 | Report Abuse

https://klse.i3investor.com/web/pricetarget/research/65791

Gaming - Final Sprint to Normalcy
Date: 2022-12-20
Firm: HLG
Stock: GENTING
Price Target: 6.45
Price Call: BUY
Last Price: 4.43
Upside/Downside: +2.02 (45.60%)
The resumption in air travel bolstered by airline capacity increase and lowering air fares are auguring well for the casino operators’ recoveries. The relaxation of Covid restrictions in China are also reigniting hopes that border reopening could be imminent which would be a great re-rating catalyst for the casino operators especially RWG and RWS due to their proximities to China. Under the current market volatility, NFO business should remain resilient. Maintain OVERWEIGHT rating on the sector with top picks of GenM and SPToto.

China – the final missing puzzle piece. Recent relaxations of China’s Covid restrictions reignite hopes that the nation is pacing closer to its borders reopening. Chinese visitors are a key client segment to the gaming industry. After more than three years of lockdown, there is a sizeable pent-up traveling and gaming demands waiting to be unleashed. We anticipate that once China’s borders reopen, this will greatly benefit RWS and RWG which are in proximities to the country.

Recovery in air travel continues. In 3Q22, we see how the recovery in air travel benefitted RWS with its net profit up +2.1x QoQ and +1.2x YoY. Bucking Singapore’s improving tourist arrival trend (see Figure #1 and Figure #2) coupled with improving capacity in RWS due to increase in hiring, GenS should continue to see an upward earnings trajectory. Similarly, Las Vegas is also registering improving tourist arrivals and hotel occupancy rate (see Figure #3 and #4). Despite inflationary pressures and recessionary woes, Las Vegas Strip, RWNYC and RWC are registering GGR at above pre-pandemic level (see Figure #5-#7) likely due to the strong pent-up traveling demand which outweighed these concerns. We see further upside to recovery in air travel due to (i) increase in airline capacity; (ii) lowering air fares as jet fuel price eases; and (iii) further relaxation of border restrictions.

NFO – resilient business. We expect the recent announcement on the reduction of special draws for NFOs to have minimal impact on earnings due to (i) special draws typically have lower sales compared to normal draws due to its non-routine nature; and (ii) a portion of special draw sales cannibalizes the sales from normal draws, which have a higher margin resulting a net negative impact to earnings. Despite an increasing risk of an economic slowdown, the NFO segment should remain resilient. Historically, the NFOs saw minimal impact to sales volume during the past recessions (AFC in 1998 and GFC in 2008).

We maintain OVERWEIGHT rating on the sector premised on (i) the gradual recovery in international air travel auguring well for the turnaround of the casino operators; (ii) the increasing likelihood of a China border reopening benefitting RWS and RWG; and (iii) the stable and resilient earnings from NFOs. We now tactically prefer GenM (BUY, TP: RM3.44) over GenT (BUY, TP: RM6.45) due to the latter’s exposure to commodities (plantation and O&G) which are susceptible to an economic slowdown risk. On the contrary, GenM which has a more domestically oriented business should fare better as domestic demand is expected to remain firm in FY23 (BNM 2023 GDP projection growth: +4-5%). In addition, under the new administration, the domestic tourism segment may benefit as the government capitalizes on the sector as a lever to support the domestic currency and economy. We also like SPToto (BUY, TP: RM2.27) as the stock offers a good dividend yield play with projected FY23 yield of >8%. This is anchored by the stable earnings from its NFO business. Its jackpot games which gained popularity thanks to the record-run previously also allows it to gain market share.

Source: Hong Leong Investment Bank Research - 20 Dec 2022

Discussions

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Posted by 1invest1 > 2022-12-21 12:33 | Report Abuse

Hope rally for all GB shareholders to profit

Posted by 1invest1 > 2022-12-21 12:54 | Report Abuse

PM: 2022 growth likely to beat earlier forecast of 6.5% to 7%
Wednesday, 21 Dec 2022

https://www.thestar.com.my/business/business-news/2022/12/21/pm-2022-growth-likely-to-beat-earlier-forecast-of-65-to-7#cxrecs_s

Posted by SHQuah > 2022-12-21 15:46 | Report Abuse

2023 will be the year of Genting Berhad. HL bank TP RM6.45

Posted by Michael_chan2022 > 2022-12-21 15:56 | Report Abuse

Last chance shortists can goreng Genting... fund managers will be back in action soon

Posted by OnTime > 2022-12-21 17:23 | Report Abuse

release the kraken!

Posted by BradonOoi > 2022-12-21 18:42 | Report Abuse

Slow and steady up is possible

Posted by SHQuah > 2022-12-21 19:32 | Report Abuse

Need to wait for Q4 2022 results then Genting Berhad could go up very high

Posted by emsvsi > 2022-12-22 00:16 | Report Abuse

DONT WORRY ABOUT RECESSION ! JUST AS THE US AND THR WORLD WILL SLOWDOWN, CHINA WILL CARRY THE WORLDS ECONOMY THROUGH ITS REOPENING ! JUST AS GENTING (3183) WILL ONCE MORE CARRY CASINO DE BURSA ON ITS SHOULDERS !

Posted by emsvsi > 2022-12-22 00:17 | Report Abuse

JUST HOOT9E WITH ULTIMATE CONFIDENCE !

Posted by choysun > 2022-12-22 08:42 | Report Abuse

Hello?

Posted by choysun > 2022-12-22 08:43 | Report Abuse

Santa is coming?

Posted by neohts > 2022-12-22 08:56 | Report Abuse

Christmas EVE and Christmas day Genting Hotel and Casino full house.
New Year FULL HOUSE

Posted by AngTayKor > 2022-12-22 10:15 | Report Abuse

Choysun lai liow! Welcome back :p

Posted by RWG > 2022-12-22 11:02 | Report Abuse

muhyudin now planing with bn , beware

Posted by 1invest1 > 2022-12-22 11:56 | Report Abuse

choysun is back.
Hopefully Santa comes.

Posted by MoneyMakers > 2022-12-22 12:55 | Report Abuse

US biz slow..high inflation (lower spending) + high interest cost

2023 supposed to be Genting recovery yr but likely coincide global recession

Bad timing

Posted by neohts > 2022-12-22 13:20 | Report Abuse

For sure Genting is going to make more profit compare to last quarter and last year.
Expecting good Q4 2022 dividend.

Posted by BradonOoi > 2022-12-22 15:08 | Report Abuse

Agreed. Their Q4 will be better than Q3 due to festive season and school holiday

Posted by RWG > 2022-12-22 16:13 | Report Abuse

2023 is bad year again

Posted by MoneyMakers > 2022-12-22 16:59 | Report Abuse

Recession + slow biz (high inflation/interest rate) nobody care whatever Q4 (last good QR)

Posted by OnTime > 2022-12-22 18:03 | Report Abuse

ya, gloom and doom and then suddenly bloom

Posted by choysun > 2022-12-22 19:26 | Report Abuse

This Santa really sesat. Tomorrow last day liao, dunno where he is.

Posted by RWG > 2022-12-22 20:07 | Report Abuse

mahiaddin around, santa sure scare to come

Posted by AngTayKor > 2022-12-22 23:20 | Report Abuse

https://www.science.org/content/article/scientists-tie-third-clinical-trial-death-experimental-alzheimer-s-drug

Wa.... clinical trial stage only but so many patients died liow. Taurx is the only real deal ;p

Posted by TanDavid88 > 2022-12-22 23:22 |

Post removed.Why?

Posted by stkoay > 2022-12-22 23:48 | Report Abuse

Santa no come.....but choysun lai liao.....

Posted by stkoay > 2022-12-22 23:49 | Report Abuse

5 more trading days to go.....YTD still red :(

Posted by AngTayKor > 2022-12-23 00:44 | Report Abuse

https://finance.yahoo.com/m/14b25eaa-f7e2-32bf-aab0-41e07e1d9593/billionaire-david-tepper-is.html

Big whale David Tepper Is Betting Against the Stock Market.

Posted by AngTayKor > 2022-12-23 01:15 | Report Abuse

https://endpts.com/icer-on-alzheimers-lecanemab-should-be-priced-lower-than-aduhelm/

ICER on Alzheimer's: lecanemab should be priced lower than Aduhelm.

Posted by AngTayKor > 2022-12-23 01:38 | Report Abuse

https://www.statnews.com/2022/12/22/eisai-and-biogens-latest-alzheimers-drug-needs-to-be-cheaper-than-the-last-one-analysts-say/

https://pharmaphorum.com/news/icer-says-lecanemab-data-in-alzheimers-inconclusive/

Posted by SHQuah > 2022-12-23 07:53 | Report Abuse

https://www.tatlerasia.com/culture/travel/travel-diary-genting-dream-cruise-kuala-lumpur-penang-phuket-review