we should aim for 24 million tourist arrivals in 2024, 30 million in 2025, 36 million in 2026, and 42 million in 2027. I did not continue to go higher as we will be reaching our maximum potential based on existing resources, practices, and mindsets.
Genting continues to under perform….management sleeping don’t care for shareholders as mostly family business ….other companies such as CIMB and Gamuda have better management and better focus on returns.
The following is copied from the YTLPOWER forum (Mr Ooi Teik Bee's comments): The share price of YTLPower moves up north so strongly can be due to the followings :- 1.) Foreign funds are buying very aggressively. 2.) Under the instructions from the government to push up FBMKLCI index.
I sort of seeing that our KLCI keeps on going up. Now very close to the month of February 2024 where majority of the listed companies will report their quarterly earnings. Genting is in the KLCI and it is a recovery stock from the Covid-19 pandemic, it is expected to show an excellent 4th quarter results. Free visas for China and India tourists is an additional bonus. I strongly believe that Genting will climb above RM5.00 by 28 February 2024, just like YTLPOWER has successfully climbed above RM3.00 to RM3.10 before profit taking set in for it to close at RM3.00.
HLIB keeps 'overweight' on gaming sector, Genting top pick.
KUALA LUMPUR (Jan 5): Hong Leong Investment Bank (HLIB) Research has maintained its “overweight” rating of the gaming sector, and said the sector had delivered a steady performance, with notable positive surprises for the third quarter of 2023.
It is confident that the recovery trajectory will be sustainable, especially for casino operators, underpinned by the restoration of global flight capacity and the recent visa-free travel pact between China and both Malaysia and Singapore.
In a sector update, the research house said that as for the number forecast operators, their outlook had stabilised and turned more favourable, with the political status quo maintained in the six state elections last year. It said the likelihood of additional store closures in other states had diminished, with potential reallocation of closed outlets to other regions.
“All in, we stay 'overweight' on the sector, with Genting Bhd as our preferred pick,” it said.
Casinos HLIB anticipates continued earnings recovery for Genting Singapore (GenS) and Genting Malaysia Bhd (GenM) in 2024, benefiting Genting, driven by the ongoing rebound in tourist numbers.
“Resorts World Genting and Resorts World Singapore (RWS) are poised to gain from the anticipated revival of Chinese tourists, a crucial client segment for the gaming industry.
“While Singapore and Malaysia showed resilience as destinations for Chinese travellers in the third quarter of 2023, it's important to note that travel volumes were still 21% and 32% below 2019 levels, indicating further potential for recovery.
“Looking ahead to 2024, major music events like the Coldplay and Taylor Swift concerts in Singapore are expected to play a significant role in boosting tourist arrivals, particularly benefiting RWS,” it said.
HLIB said its preferred pick for the sector is Genting ("buy", target price: RM6.96), which is strategically positioned to capitalise on the recovery momentum of both GenS and GenM.
“We also view Genting as currently undervalued, trading at a 16% discount to the value of its holdings in GenS (valued at RM5.54 a share based on the latest closing price, and a Singapore dollar-ringgit exchange rate of 3.4).
HLIB said its preferred pick for the sector is Genting ("buy", target price: RM6.96), which is strategically positioned to capitalise on the recovery momentum of both GenS and GenM.
Genting is still sleeping. So boring. Analyst gives high target price also no use. Pang72 now in WCEHB and YTLPOWER. He has left Genting. Last time he keeps on shouting RM6.95.
@Michael_chan2022, I will hold my shares until 28 Feb 2024. At this moment, the volume is still the same as yesterday. If can breakout from RM4.70 convincingly, the sky is the limit. Look at YTLPOWER now. All forecast target prices are broken.
@ChloeTai, I don't plan to sell Genting. Currently, I hold shares in GenB, GenM, and Tenaga. Recently, ..added YTL Power at 244 and YTL Corp at 196 to my portfolio, both have had an incredible run
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....
Michael_chan2022
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Posted by Michael_chan2022 > 2024-01-02 13:58 | Report Abuse
Sands China 股价午盤继续冲.. Go go GenB