Genting stand to enjoy BIGGEST earning contribution from GENS + SGD strength Genting stand to enjoy BIG earning contribution from GENTING Las Vegas + USD strength Genting stand to enjoy BIG earning contribution from GENTING Malaysia and its UK/US subsidaires + Pound strength
Genting Resorts World opened in June 2021 at a cost of $4.3 billion. It features 3 hotels, Las Vegas Hilton, Conrad Las Vegas, and Crockfords Las Vegas for a combine of 3.506 rooms.
Genting current valuation has yet to fully reflect the recovery potential of both GenS and GenM, and wholly owe Resort world Las Vegas which just newly just open in 2021 at cost USD 4.3 biilion and have consecutively report increasing profitability now.
Just based on one subsidary GENS market cap already surpasses entire Genting. Genting currently trades at a 16% discount to the value of its stake in GenS.
Factual is GENTING market capitalization has historically traded at an average premium of 43% (as opposed to the current discount of 17%) relative to its effective stake in GenS over the past 10 years
We know the results will be good despite empire resorts. However the risk is not from bad performance but share dealing and party related transactions. What we need is a positive update from Taurx to really lift the share price which should be in the region of 5.70 plus ….given the improvement in trading revenue
Resorts World Sentosa operator may bid for casino licence to tap influx of foreign tourists.
KUALA LUMPUR: Genting Singapore, the operator of Resorts World Sentosa, may likely be the front-runner to secure a license for an integrated resort (IR) and casino in Thailand if the Thai government decides to deregulate the industry, according to analysts.
Correct, there are plenty of opportunities in Bursa in coming months.
Bursa was languishing low in past 3 years as there was lack of interests from foreign funds and local funds were not buying much too (as EPF faced billions of ringgit of withdrawal in 2022-2023).
Now things are looking much better as can be seen in the strong foreign funds buying since the 1st week of 2024. We should reckon the fact that for big stocks to move, we need foreign funds participation in Bursa.
Hence, I focus on those big caps that are favoured by foreign funds such as YTL (UBS just added another 5.6m shares last week), YTL Power (foreign funds bought some 45m shares last week) and Genting (foreign funds holding is still very low, leaving rooms for higher).
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
3,349 posts
Posted by Michael_chan2022 > 2024-01-25 10:29 | Report Abuse
Ahh!!.. Public holiday hari ini