Blog: GENTING – Fundamental Analysis (25 Nov 2014) - L. C. Chong

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4 comment(s). Last comment by sense maker 2014-11-25 23:40

sense maker

794 posts

Posted by sense maker > 2014-11-25 23:02 | Report Abuse

Intrinsic value of Genting Bhd is RM5 a share.

ItoldUSO

19 posts

Posted by ItoldUSO > 2014-11-25 23:04 | Report Abuse

sense maker, how do you value the intrinsic value of a Casino license?? one and only in Malaysia.

addylee

104 posts

Posted by addylee > 2014-11-25 23:04 | Report Abuse

it is not doing good at the moment and their casino biz in singapore is expected to be worse for dec's quarterly result (to date) as normally the last quarter will be the most

sense maker

794 posts

Posted by sense maker > 2014-11-25 23:40 | Report Abuse

Rising cost of living, stagnant income, runaway property prices and financially savvier generations the world over mean Genting Bhd has a intrinsic value of less than RM5 a share. Casino biz is no longer a money-printing machine everywhere in the world as more people have waken up to the fact that statistically and in probability's terms, it is unwinnable against bankers. Within next few years, Genting Bhd will gravitate towards RM5 a share and below as its profits will only trend lower each year. Does anyone know if there exists any put warrant on Genting Bhd as I would like to short it over long term?

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