Posted by Michael_chan2022 > 2023-01-27 17:28 | Report Abuse

China looks past Covid as tourist bookings surge for the Lunar New Year..

https://www.cnbc.com/2023/01/27/china-looks-past-covid-as-tourist-bookings-surge-for-the-lunar-new-year.html

Lai lai ... GenM, the city never sleep is waiting for you

Posted by Income > 2023-01-28 08:09 | Report Abuse

https://www.facebook.com/reel/854948522444369?fs=e&s=TIeQ9V&mibextid=0NULKw

GentingM

Posted by OnTime > 2023-01-28 13:11 | Report Abuse

oh ya, genm is in vogue!!!

Posted by Michael_chan2022 > 2023-01-28 21:55 | Report Abuse

https://youtu.be/d6bsMSu1hlw

Hurry up... northbound train is moving off. Get Your Ticket Ready!

Posted by OnTime > 2023-01-29 15:20 | Report Abuse

the proverbial FOMO?!

Posted by Michael_chan2022 > 2023-01-29 16:21 | Report Abuse

@FortuneBull777, fully agreed. I'm not a believer of TA. This is just to create excitement here..
Enough GenB for me.., still accumulating GenM, added 22k on last Friday to ride it up

Posted by TonsilBasher > 2023-01-30 09:13 | Report Abuse

the theme park is full every day. ah chong told me the theme park is the best in Malaysia and Indonesia

Posted by TonsilBasher > 2023-01-30 09:47 | Report Abuse

Any idea is china tourists in Genting already?

Posted by ikanbiliskering > 2023-01-30 11:25 | Report Abuse

ish, genting what happen huh?

Posted by yongyong88 > 2023-01-30 11:29 | Report Abuse

Too much ikanbilis optimism in GenM. High expectation of higher dividends. Not good. Usually reality set in and poorer qr and lower or no dividend at all. Share price drop will indicate poorer performance.

Posted by Luen07 > 2023-01-30 12:01 | Report Abuse

没人大声喊发发发发财啊！

Posted by sharemarket21 > 2023-01-30 12:11 | Report Abuse

3 is the first target. Let's harvest for the round. Cautious with the level if you have not gotten very much lower entry price. Pre and post election price soldiers.

Posted by Gnanasong > 2023-01-30 12:28 | Report Abuse

Time to average some if more retracement

Posted by 1pingpong > 2023-01-30 12:42 | Report Abuse

Rsi divergence today

Posted by Income > 2023-01-30 14:02 | Report Abuse

Fat fingers?

Posted by Income > 2023-01-30 14:04 | Report Abuse

Buying bicycles

Posted by Income > 2023-01-30 14:05 | Report Abuse

Roti canai

Posted by 1pingpong > 2023-01-30 15:51 | Report Abuse

apa macam down like this. prata prata.

Posted by Income > 2023-01-30 16:03 | Report Abuse

Roti canai musang king

Posted by Income > 2023-01-30 16:32 | Report Abuse

Tortoise and the hare?

Posted by Gnanasong > 2023-01-31 10:04 | Report Abuse

Consolidation movement formed...

Posted by Michael_chan2022 > 2023-01-31 14:54 | Report Abuse

Good to see FortuneBull777 added more today.. Cheers!

Posted by 1pingpong > 2023-01-31 16:27 | Report Abuse

ok. U- turn adi. Should be up back

Posted by Income > 2023-01-31 17:54 | Report Abuse

Roti canai satu.

Posted by TonsilBasher > 2023-02-01 10:29 | Report Abuse

Huat ahh.. today i go gamble at SkyCasino Genting Pahang. So many people at the casino. too many indeed today as KL is holiday. I saw one uncle losing 100k per bet at bacarat. overall its good for genting M. Huat ah

Posted by NatsukoMishima > 2023-02-01 12:58 | Report Abuse

https://www.orientaldaily.com.my/news/nation/2023/01/31/543611

Next will be Pahang !

Posted by ikanbiliskering > 2023-02-01 14:46 | Report Abuse

@natsuko u tot mau tutup then tutup so easy meh

Posted by Income > 2023-02-01 15:50 | Report Abuse

Roti Prata satu.

Posted by RWG > 2023-02-01 16:27 | Report Abuse

pas control this county, msia will be afghanistan

Posted by WinBigOrLoseAll > 2023-02-01 16:35 | Report Abuse

wait for the new york license and qr only, sure heng, ong, huat ah

Posted by Income > 2023-02-01 17:03 | Report Abuse

Posted by RWG > 34 minutes ago | Report Abuse

pas control this county, msia will be afghanistan


You can migrate to Spore lah.
No Pas there. Peaceful

Posted by TonsilBasher > 2023-02-02 09:17 | Report Abuse

You think Pas dont like money?? hehe. according to PM, Pas funded their campaign using gambling money

Posted by nicholas99 > 2023-02-02 09:23 | Report Abuse

thats why Anwar must do anything to win the election..

Posted by TonsilBasher > 2023-02-02 09:39 | Report Abuse

those support PN should not even comment here. This is non halal. go away. go support serba dinamik hehehe.

Posted by keepup > 2023-02-02 11:37 | Report Abuse

no power at all. sell all genm. all in genb!

Posted by OnTime > 2023-02-02 14:02 | Report Abuse

genm now is a tightly coiled spring, get in before the energy is released!

Posted by RWG > 2023-02-02 20:07 |

Post removed.Why?

Posted by Blue Tulip > 2023-02-03 09:42 | Report Abuse

Throngs of Chinese tourists are visiting Genting everyday. How come GenM is not moving up???

Posted by 1pingpong > 2023-02-03 11:25 | Report Abuse

Now is still Chinese New year celebration in China - 2 weeks long public holiday - China Domestic travelling till Chap Goh May. After the CNY, the next wave is tourism to outside of China, then we will see the tourism sector Boom.

Posted by 1pingpong > 2023-02-03 11:28 | Report Abuse

PETALING JAYA: Casinos in Malaysia and Singapore are expected to enjoy a buoyant 2023, with the return of China tourists, following the full borders reopening of the world’s second-largest economy.

This is set to benefit Genting Bhd, the largest casino conglomerate in South-East Asia, with interests in power, plantations, property and oil and gas sectors.



Through its 49%-owned Genting Malaysia Bhd (GenM) and 53%-owned Genting Singapore plc (GenS), which operates Resorts World Genting (RWG) and Resorts World Sentosa (RWS) respectively, Genting is expected to see strong earnings recovery this year on higher contributions from the two subsidiaries.

According to Maybank Investment Bank Research’s (Maybank IB) estimates, GenM and GenS could contribute about RM1.2bil and RM1.1bil, respectively, to Genting’s earnings this year.

The brokerage also expects GenM and GenS to contribute 33% and 38%, respectively, to its sum-of-parts-based target price for Genting.

“Genting is a good proxy to GenM and GenS’ earnings recovery,” Maybank IB pointed out in its report.

It maintained “buy” on Genting, with a higher target price of RM5.64 a share, as compared with RM5.59 previously.


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More Socso benefits for many
The research house also maintained its “buy” call on GenM, with just a slightly target price of RM3.04 a share, as compared with RM3.03 previously.

As for GenS, it recommended “hold”, with a higher target price of S$0.94 (RM3.04) a share, as compared with S$0.88 (RM2.84) previously.

Maybank IB said there would be three themes that would shape the casino sector in 2023.

Besides the return of China visitors, which would benefit GenS in particular, the downstate casino licence tender in New York in the United States would also be an important theme, with GenM seen to be in a good position to win one.

The third theme would be the potential legalisation of integrated resorts in Thailand, which would pose a threat to GenS’ RWS expansion plans if the liberalisation of the Thai integrated resort materialised.

The overall outlook for casino stocks remained “positive”, regardless of the challenges ahead, Maybank IB said.

“As RWG makes available the last 2,500 rooms (total: 10,500 rooms) this year, we expect GenM’s earnings to continue improving. Hotel guests spend way more than day trippers due to longer lengths of stay and play,” it explained.

“We expect RWG to welcome 26.2 million visitors in 2023 (2019: 24.2 million, 2022: 22 million), thanks to Genting SkyWorlds theme park.

“RWG’s margins also ought to expand to 34%-35% from the estimated 31% in 2022, as it employs more automation and fewer staff,” it added.

Maybank IB said if GenM, through its unit Resorts World New York City, bagged a New York downstate casino licence this year, the target price for GenM could be raised by 53 sen per share per licence.

As for GenS, the research house had previously assumed that the mass market gross gaming revenue (GGR) of RWS in 2023 and 2024 to stabilise at 90% of the level in 2019.

It now assumes that RWS’ mass market GGR to recover to 100% of 2019 levels.

The brokerage added that while Resorts World Las Vegas would continue to lag, it would pose no impediment to the recovery of both GenM and GenS, which would drive Genting’s medium-term income.

Maybank IB projects Genting’s earnings before interest, tax, depreciation and amortisation (ebitda) to rebound 97% year-on-year (y-o-y) for the financial year ended Dec 31, 2022 (FY22), as RWG operated on a full-year basis and foreign gamblers return to RWS.

The brokerage forecast Genting’s ebitda to grow by a more gradual 28% y-o-y for FY23 as more visitors return to RWG and RWS post-Covid-19, and to increase 5% y-o-y in FY24 as China mass market gamblers return to RWS.

“We expect its balance sheet to remain in net debt as Genting has been more progressive in paying dividends,” Maybank IB said.

Posted by Activetrader > 2023-02-05 13:07 | Report Abuse

Coming profit will be reported at 400mil+ which is back to pre-mco level with huge visitors traffic flush in from Oct-Dec 2022. projected dividend to be declared is 12cents + 3 cents special dividend making a total of 15 cents with DY @ 5.2%.

Frederick KS LEE - MACHI DIDI

Posted by OnTime > 2023-02-05 18:08 | Report Abuse

Malaysia's GDP will increase by at least one percentage point, thanks to stronger tourism activities which are boosted by the resumption of China's outbound travel, says UOB Global Economics & Market Research.

Posted by sharemarket21 > 2023-02-05 23:25 | Report Abuse

Bursa 2 B and above consistently. It's heading to the right direction. 3 is just about anytime. Be resilient for now towards the target the price.

Posted by IOI 1882 > 2023-02-05 23:47 | Report Abuse

Just a few more weeks, the monthly quarterly report will be out, wait and see.

Posted by MG9231 > 2023-02-06 11:46 | Report Abuse

Expecting Final YF22 Dividend 10 sen

Posted by OnTime > 2023-02-06 14:44 | Report Abuse

some say 15c better

Posted by Income > 2023-02-06 17:00 | Report Abuse

Expecting Final YF22, 17 Dividend sen

Posted by Shines > 2023-02-06 17:22 | Report Abuse

Genting Singapore qr reporting on Feb. 20

Posted by loh loh > 2023-02-07 09:07 | Report Abuse

full people in genting

Posted by loh loh > 2023-02-07 09:07 | Report Abuse

revenue growth up