GENTING MALAYSIA BERHAD
KLSE (MYR): GENM (4715)
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Last Price
2.97
Today's Change
-0.03 (1.00%)
Day's Change
2.96 - 2.99
Trading Volume
2,865,000
Company Announcement
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27 people like this. Showing 50 of 40,168 comments
（吉隆坡8日讯）云顶大马（GENM,4715,主板消费产品服务组）虽未能在2022财政年首季重返获利，但分析员看好，国内疫情好转、国门重开、马币走软、云顶天城世界（Genting SkyWorlds）开业，及公积金特别提款等5大利好，有望在本财政年录得盈利，维持“买进”投资评级，目标价3令吉91仙。
该公司5月底公佈截至今年3月底的首季财报，仅将亏损收窄至近1.3亿令吉，且逊于市场及丰隆研究预期。
丰隆研究分析员今日在报告指出，云顶大马未能转亏为盈的最大原因，在于云顶名胜世界（RWG）供应与需求错置，即在变种病毒奥秘克戎（Omicron）肆虐时，加大业务运作。
“虽然如此，但还是有许多利好能在接下来的时间，带动云顶大马在本财政年复苏，这些利好包括疫情过渡至地方性流行病、国门重开、马币走软加大吸引国际遊客到访、云顶天城世界开业可吸引新消费群，及公积金特别提款可刺激休闲旅遊消费。”
截至今年3月底，云顶名胜世界已开放5200间酒店房间（占整体酒店房间1万零500间的一半容量），平均入住率达88%，而云顶大马表明，将会继续在次季加大诸如酒店、赌场及主题乐园的业务运作。
“据我们的管道查询，随着赌桌对赌客人数的限制解除，赌场客流量已增加，且相当鼓舞人心。撇开国门重开及放宽疫情限制，我们相信，奥秘克戎疫情趋缓有助鼓励遊客回归，加上公积金局4月的特别提款、开斋节长假及天城世界主题乐园完整季度贡献，相信云顶名胜世界次季的客流量将取得显着改善。”
分析员看好，云顶名胜世界的复苏动力可稳定持续至今年下半年，因更多酒店房间恢复运作，加上旅客加长度假天数，将能提振酒店营业额。
“截至今年6月21日，大马已达致全年到访遊客目标，即迎来200万遊客到访。虽然这仅佔2019年（疫情前）到访遊客人数的约17%，但我们认为这已相当鼓舞人心，毕竟现在仅是开放初期。”
丰隆研究认为，随着越来越多国家重开国门，接下来到访我国的遊客将进一步增加，且马币目前走贬也提振云顶名胜世界业务员，即外国遊客与大众赌客增加，因比起区域同业如新加坡，云顶名胜世界无疑是更为便宜的博彩与旅遊目的地。
“除了国际遊客，马币走软也让本地人倾向国内旅遊。”
财测不变
该行仍维持云顶大马财测不变，除了酒店及赌场业务改善，看好云顶天城世界开业，可吸引之前未有的穆斯林市场；穆斯林占我国总人口的63%。
“在云顶天城世界开业前，云顶名胜世界主要还是吸引非穆斯林赌客为主，随着这项新业务投运，我们相信，云顶大马可在下半年完全释放云顶天城世界的潜能，包括开放所有的景点，而随着这个主题乐园人流增加，料也能为云顶名胜世界其他业务带来溢出效应。”
大型资本开销周期结束
另一方面，分析员认为，云顶天城世界竣工也标示云顶大马大型资本开销周期结束，意即2022财政年或不会再有大型举债与筹资活动，且净利潜在复苏也能为公司带来稳定现金流。
“因此，这（业务恢复并创造现金流）也能改善净负债水平（截至今年3月底为68.9%），且现在时机正好，在升息周期大环境有助减缓财政负担。”
云顶大马首季虽亏损，但仍获丰隆研究维持“买进”投资建议，相信投资者将会正视云顶名胜世界前景转佳。
“我们还是喜欢云顶大马，主要看好在国门重开利好发酵，云顶名胜世界将是优先获利者，尤其新的主题乐园开业，能吸引各阶层人流。”
谈及目前股价是否还有上涨空间，分析员指出，以云顶大马目前的股价，投资者或更为关注估值会否太高，毕竟已接近疫情前水平（比2019年股价中值水平高出103.2%）。
“不过，我们要强调的是，该公司2019年的股价受到几个负面因素，比如赌场税从25%调高至35%，及斥资收购亏损的云顶帝国度假村（Genting Empire Resorts LLC）等影响，且云顶大马现在有云顶天城世界、美国及英国业务逐步改善，及云顶帝国度假村亏损收窄等利好。”
1 month ago
I am in Genting Highlands now! Too crowded! Resting in room with my wifey before continuing our early dinner! And then head to casino just to look around! I tell you, don't come here! Just too many people!
1 month ago
Me and wifey drove from Johor at 4am! Checked in and went out for a while! Too crowded! So may as well take a rest first! I mean, it's been 6 hours drive for her!
1 month ago
More than 10 billion debts with increasing rate , is it good for investing genm ??
1 month ago
Arena of Stars concert 'Michael Lives Forever', 18 Sep 2022.
https://www.youtube.com/watch?v=jexoh6KHnYM
1 month ago
Haha
DoggieInvestor
these analysts called GENM a big buy since 2017, 5 years later we went thru Covid lockdown for 2 years and now they are calling BUY again. they are wrong all the time and why this time is different?
Yes, GENM has brand new theme park, so what? there is no Chinese tourists !!!
1 week ago
3 weeks ago
Ya lor ......Genm no use one ...
Jerichomy
Haha
DoggieInvestor
these analysts called GENM a big buy since 2017, 5 years later we went thru Covid lockdown for 2 years and now they are calling BUY again. they are wrong all the time and why this time is different?
Yes, GENM has brand new theme park, so what? there is no Chinese tourists !!!
1 week ago
13 hours ago
3 weeks ago
Many should have accumulated during the correction by phasing. Again 10-30% of your total investment and aim for 15-20% return whenever the opportunity knocking on our doors. As long as it's way higher than the interest PA. At least your investment was spared during last 2 months steep correction. 4% loss if you have entered 3 or above.
3 weeks ago
AirAsia X to recommence flights to Melbourne, Sydney, Perth and Auckland | 9 News Australia
https://www.youtube.com/watch?v=e0bbSoEakcQ
3 weeks ago
Amid the soaring inflation and impending recession, we look towards 7 defensive, household stocks with growth potential such as Genting Malaysia. Read more here: https://www.smallcapasia.com/7-malaysia-household-names-to-buy-now/
2 weeks ago
Business
After Cannabis, Thailand Takes Step to Allow Casinos to Operate
Thai panel submits blueprint to open casinos across country
Move aimed at drawing billions from investors, tourists
ByPatpicha Tanakasempipat+Follow
27 July 2022, 7:01 pm MYT
2 weeks ago
Masterus! I sense Thailand is going down the drain lately! First allowing canabis and now open casinos all over Thailand! It's going to ruin Thailand in big way!
But we can only observe at far!
2 weeks ago
Dow Jones closed at => 32,529.63 +332.04 (+1.03%)
and Asian stock market continue it’s bull run and KLSE expected to break above 1,500 pts by JUL 2022 and break above 1,600 pts by Sep 2022 !
Like that today GENM definitely will be limit up to closed at=> RM3.54 (+0.60) (+20.4 %) already liao lah !
Heng ah, Ong ah, Huat ah !
2 weeks ago
I think Genting should capitalize on Thailand casino openings! Just in case Genting Highland close shop!
2 weeks ago
WHICH GENTING COUNTER IS MOST WORTHY TO BE INVESTED?
https://youtu.be/wBq_g0qPcm0
2 weeks ago
Not really a debate whether G will be interested opening in Thailand
Success in bidding the license is the real question
1 week ago
Walaoeh, what happened ?
Why today market big up +17.14 points to closed at => 1,507.71 points ?
is it the announcement of dissolve parliament for 15th general election ?
Heng ah, Ong ah, Huat ah ?
1 week ago
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Boh Lui baru go Genting fight la.
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