Market normally drag share by about 20%, remember this is blue chip, (even gov and islamic fund is not participating it, only will be a bit volatile), but genting is recessions prove, consumer and leisure theme, net cash, high oversee income profile, high interest and drop in foreign exchange actually benefit from it,

Last dip was in 2015 sept, at around 6.8-7.00 and 2016 nov around 7.6-7.8, For refer, Q2 2015, just 1.83sen, (report on 26Aug), after eps was 3Q2015, 9.71sen, Q42015, 9.12sen, Q12016, 3.51sen, Q2, 7.93sen,
And after that 2016 Q3, 15.5sen, 2016Q4 15sen(excluding genting hk sales profit), Q1 16.2sen,
I personally think from may to sept 2017, with quiet and bad market conditions,
Genting probably will dip between 8.80 -9.00
and Gent-wa will dip below 1.5-1.6,
Seeing 7 is impossible

I attended AGM may 2017, Tan sri seen very comfortable with first light casino, he said, just matter of time only,

Disclaime, i currently holding 100,000 share in genting and 1,500,000 share in genting wa

GTfun Genting catalyst 1) 2.3b, redemption of 5.125%note for genting sg, saving of （5.125%-1.8%interest earn）3.125%x2.3b=S76.4m, x3.1=237m, x52.9%holding of genting sg=125m per year
2)premium outlet additional 80m, contributions 40m to genting platation, 20m to genting By 2019,,
3) indonesia banten660mw(conmemece end march),and meizhou wan 2000mw (operate july or Aug)(genting portion equals to 1343mw), will contribute about addition 180m in profit.
4) 4%hotel room increase by end of the year(theme park hotel opening), increase profit by 60m per year
5) addition 600m profit by 2019 after theme park commercial minus extra 180m increase in depreciation equal to 420m increase genting Malaysian or 240m increase(including genting plus 8% management fees chrage by genting to genting m),
So by end of 2018, 2019 forward earning as below ,
1) genting sing 850mx3.1x52.9%=1393m
2) genting m 2600mx49.3%+400m=1680
3) genting plantation 600mx52%=312m
4) power 2307mw about 250m
5) oil and gas about 50m
Total about 3685m/3810m share=96sen per or fully diluted after wa conversation/4456m=82.7sen (2018/2019)
X history PE of 20= 16.54 per share -20% holding cost=13.23, (about 1.15x book value)(2019 forward pe of 15x), 20% discount for brokerage firm sop calculatation,
Remember by 2019-2020 another catalyst genting,...las vegas. genting bought the land by 350m(usd), now value about 1b usd, with addition 3billion investment, by 6-8% return on assets, 280m usd in profit(direct venture), that will be add another 25sen to 30sen per share increases in profit, that will boost another rm5 in share price 16.5+5=21.5, (-20%discount) rm17.2 by end 2019/2020
For Genting wa holder luckily, if genting share go up to 12-15 , genting wa by rm4-7 easily ,discount of wa near expired, rm3.5-6 (if lucky)
..........<remember still have japan casino bill>
By 2020, genting still in net cash position, (currently 5b in cash, 3b positive cash flow per year x3=9b, plus wa convertion 5.8b, total rm19.8b-usd3b=rm6.9b
Buying mother share looking for rm20 in five years, by 2022 is no a big deal

By insiders info(casino manager), after sky casino open, now one normal day casino machine revenue is equal to table revenue for first Chinese New Years