https://theedgemalaysia.com/node/666796

MoneyMakers, can you read english ?

Genting Singapore triples 1Q earnings to S$129.2m

Genting Singapore and Genting Plantation result should be out next week.
Expected very good result.
If Q1 2023 no more impairment, Genting Berhad should be positive result,

Why keep selling when GenB Net Asset more than RM8 ?

Why Selling ?
Are sellers making profit or cut loss ?
Force selling ?

Everyday got someone accumulating before closing in big volume.

Can we share something that is useful and related to GenB.

Opportunity to accumulate more before Q1 2023 result.
Q2 2023 result sure very good with the sale of US property and share price up

A lot of good news but share price can't go up ? Useless LKT.

Taurx ? when ? waited for so long.

https://klse.i3investor.com/web/blog/detail/dragon328/2023-04-28-story-h-272368074-Genting_Malaysia_Miami_Land_Sale_Hits_a_Home_Run_in_the_US

If Genm wins a full casino license in New York, then Empire Resorts valuation will jump up by another US$4.0 billion or RM18 billion or RM3.03 per share for Genm to a potential RM10.20.

https://www.theedgemarkets.com/node/664913

Genting Malaysia’s Miami land sale set to boost ammunition for New York casino bid.
KUALA LUMPUR (April 27): Genting Malaysia Bhd’s proposed US$1.225 billion (RM5.433 billion) land divestment in Miami is set to reinforce the group’s financial strength in its bid for a downstate New York gaming licence.

Although the casino-and-resort operator has made it clear that cash proceeds arising from the divestment are meant for “general corporate and investment purposes”, analysts seem upbeat on the latest deal, driven mainly by the prospect from the downstate New York gaming licence.

JPMorgan analysts Jeffrey Ng and Sigrid Qiu said the exercise not only unlocks value of non-core assets, but also signifies that Genting Malaysia is preparing capital for its bid for a downstate New York gaming licence.

A LARGE WINDFALL for Genting M and Genting B

https://www.theedgemarkets.com/node/664824

KUALA LUMPUR (April 27): Gains from Genting Malaysia Bhd’s (GenM) planned disposal of four parcels of land in Miami measuring 15.47 acres (Miami Herald Land) for US$1.225 billion (RM5.433 billion) represent a large windfall for the company, according to Nomura.
“This is a large windfall for the company, in our view, and will help improve the balance sheet for both Genting Malaysia and Genting after years of capex, Covid-19 related slowdown and generous dividends, which have resulted in its net debt-to-equity rising from 19% as of end-2019 to 71% as of end-2022.

“A rough calculation shows that Genting Malaysia’s net debt to equity will fall back sharply to 21% post the sale.

https://www.thestar.com.my/business/business-news/2023/04/27/genting-malaysia-proposes-sale-of-miami-land-for-rm54bil

KUALA LUMPUR: Genting Malaysia Bhd expects to realise a gain on disposal of US$966mil (RM4.29bil) from the sale of four parcels of land measuring about 15.47 acres in Miami for US$1.23bil (RM5.43bil) cash.

https://www.theedgemarkets.com/node/664779

Genting Malaysia expects to gain RM4.289b from Miami land sale.

KUALA LUMPUR (April 27): Genting Malaysia Bhd (GenM) expects to realise an estimated gain on disposal of US$967 million (RM4.289 billion) from the disposal of four parcels of land in Miami measuring 15.47 acres (Miami Herald land) for US$1.225 billion.

In a Bursa Malaysia filing on Thursday (April 27), GenM said its unit Resorts World Miami LLC had entered into a conditional sale and purchase agreement (SPA) with Smart Miami City LLC.
“Based on the disposal consideration of US$1.225 billion (equivalent to approximately RM5.433 billion), GenM expects to realise an estimated gain on disposal of US$967 million (equivalent to approximately RM4.289 billion),” it said.

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS GENTING MALAYSIA BERHAD ("GENM" OR "COMPANY") PROPOSED DISPOSAL OF FOUR PARCELS OF LAND IN MIAMI FOR A TOTAL CASH CONSIDERATION OF USD 1.225 BILLION ("PROPOSED DISPOSAL")

RM5.433 billion

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3347088

On behalf of the Board of Directors of GENM (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that GENM’s wholly-owned subsidiary, Resorts World Miami, LLC (“RW Miami”) had on 26 April 2023 (United States Eastern date/time) entered into a conditional sale and purchase agreement (“SPA”) with Smart Miami City, LLC (“Purchaser”) for the proposed disposal of four parcels of land in Miami measuring an aggregate land area of approximately 673,691 square feet (“sq. ft.”) or 15.47 acres (collectively known as “Miami Herald Land”), for a total cash consideration of USD1.225 billion (equivalent to approximately RM5.433 billion).

GenB is still a good company.
A lot of good news still pending announce and finalize.

Will accumulate more when receive dividend this week.

Opportunity to buy more now.
Accumulate before Q1 2023 result.

RUN in MAY 2023

RUN in MAY

RUN in May

ttps://www.thestar.com.my/news/nation/2023/04/14/tourism-ministry-signed-deal-to-lure-450000-tourists-from-china-during-pm039s-beijing-trip-says-tiong

KUALA LUMPUR The Tourism, Arts and Culture Ministry has successfully lured 450,000 tourists from China after the signing of two agreements during Prime Minister Datuk Seri Anwar Ibrahim's official visit to the country last month, says Datuk Seri Tiong King Sing (pic).

The minister said the success was the result of the promotion done by Tourism Malaysia in conjunction with the Prime Minister’s visit to Beijing, China on March 29.

Our investments in life sciences companies such Genting
TauRx Diagnostics Centre Sdn Bhd, TauRx Pharmaceuticals
Ltd (“TauRx”), Celularity Inc. and DNAe Group Holdings
Limited are at various stages of research and
development for new treatments and ways to improve our
health and lifestyle.
In October 2022, the 20.33% owned TauRx announced
encouraging top-line results from their Phase 3 Alzheimer’s
study, LUCIDITY, the only late-stage clinical trial specifically
targeting the tau pathology of Alzheimer’s disease.
Additional data analysis is ongoing. TauRx expects to
announce further data upon the completion of their 24-
month study by mid-2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3342340

STATEMENT IN RELATION TO THE PROPOSED RENEWAL OF SHARE BUY-BACK AUTHORITY.
GENT is proposing to seek your approval for the renewal of the authority for GENT to purchase its own
shares of an amount, which, when aggregated with existing treasury shares, does not exceed 4% of its
prevailing total number of issued shares at any time within the time period stated in Section 2.2 below. Such
purchase is subject to compliance with Section 127 of the Act and any prevailing laws, rules, regulations,
orders, guidelines and requirements issued by the relevant authorities at the time of the purchase.

https://www.theedgemarkets.com/node/663207

Citing Bloomberg, the analyst said that Genting Malaysia Bhd's sale of its Miami assets is likely to be realised with a value of between US$1 billion (RM4.4 billion) and US$1.5 billion, and may be completed in the coming weeks.

https://www.theedgemarkets.com/node/663207

KUALA LUMPUR (April 13): Hong Leong Investment Bank Bhd (HLIB) has maintained its “buy” call on Genting Bhd, with an unchanged target price of RM6.75

https://www.theedgemarkets.com/node/663207

HLIB keeps ‘buy’ on Genting as it sees value in stock.

Does selling make you a winner or loser ?
Actually you are a coward with no balls.

Why do you sell when you have already been holding for so long.
GenB got more good news and basically no bad news.

Q1 2023 result end of May 2023.

why eating all small small quantity ?
Who is behind all this Ding Dong ?

Why selling when there are so many good news.

https://www.theedgemarkets.com/node/661209

Kenanga said this should benefit casino operators Genting Malaysia Bhd (outperform; target price [TP]: RM3.56) and Genting Singapore plc (not rated), as well as their parent company Genting Bhd (outperform: TP: RM5.86).

why selling when we should be buying.

https://www.thestar.com.my/business/business-news/2023/03/28/big-gains-for-genm-on-potential-miami-property-exit

It said the leisure and hospitality group could realise proceeds of at least RM4.4bil and recognise a disposal gain of at least RM2.9bil or 52 sen per share.

Last quarter 300 millions impairment.
Next quarter profit on disposal of Assets 2.5 billions

GenM, GenS and GenP all under GenB

https://www.thestar.com.my/business/business-news/2023/03/27/genting-malaysia-genting-rally-after-news-of-likely-miami-property-sales

The company could recognise a gain on disposal of about RM2.9 billion, assuming the waterfront is sold for US$1 billion.

https://www.freemalaysiatoday.com/category/nation/2023/03/25/gentings-prime-miami-waterfront-property-attracts-5-bids-topping-us1bil/

MIAMI: A prime waterfront Miami parcel put up for sale by Genting Bhd has attracted five offers exceeding US$1 billion, according to the broker, potentially setting a record for such property.

Genting, which owns casino resorts in Malaysia, Singapore and the US, acquired the Florida property and some nearby real estate for about US$236 million in 2011.

https://www.theedgemarkets.com/node/660347

“Going forward, consensus is projecting the group to make [a] net profit of RM1 billion for FY December 2023 and RM1.27b for FY December 2024, translating to forward PERs of 14.5x and 11.4x respectively,” it said.

Genting Bhd got nothing to do with US bank.

No update and news on GenB ?

https://www.theedgemarkets.com/node/659595

Thong said the gaming sector will be a major beneficiary of recovery in 2023, driven by improving ticket sales for number forecasting operators (NFOs) and returning of China’s tourists to Genting Highlands.

“Genting Malaysia is poised to record stronger earnings in 2023, boosted by the reopening of all hotel inventory and addition of new theme park attractions while NFOs still offer attractive dividend yield,” he said.

Rakuten Trade chose Genting Malaysia Bhd, Magnum Bhd and Sports Toto Bhd as its top picks of the sector.

Opportunity.

Bought some more 4.48

Bought 4.48

Don't worry so much.
GenB no way could go under PN17.
GenB still can pay dividend every year.
GenB cannot close down.
GenB NTA RM8.23

https://klse.i3investor.com/web/stock/analysis-price-target/3182

A price target is an analyst's projection of a share's future price.