KUALA LUMPUR: Kenanga Research continued optimism on the future of Genting Bhd backed by the reopening of China's early this year and the opening of international borders.
Genting Singapore Ltd.'s (GenS) first quarter financial year 2023 (Q123) results, according to the research firm, exceeded market expectations, with its core earnings tripling year over year (y-o-y) as tourists flocked back in large numbers.
It said that the core net profit for Q123, which came in at S$131.2 million, was barely 20 per cent of the consensus projection for the entire year.
"However, we consider the results as within market expectation as we expect stronger quarters ahead for GENS as tourist arrivals accelerate," it said.
"We maintain our forecasts, target price of RM5.86, and Outperform call for parent Genting," it added.
Niama genting! Everyday drop!tak boleh ta han ! All those research house say will rise, and den? What happened? Endless drop!do something ass juice management
It should be good for Malaysia. He would be able to attract a lot of investments from Afghanistan, Yemen, Palestine, Syria, Iraq, Sudan etc and make Malaysia great again.
Even u own 100 Gent shares, u hv d right to be here. But, just tht dun talk like u r a substantial shareholder only la. Anyway if u boast as a substantial shareholder, oso nobody can tell. It’s your words against others. Just continue to say watever u want.
MACC nabs 47 company directors for submitting false claims The anti-graft agency says they comprise 33 men and 14 women, who allegedly submitted false claims through the PenjanaKerjaya hiring
James_Bond already don't even care about doing simple research when spreading news Don't be a lazy story teller okay, at least target adults above 18 year old lah
James_Bond I m eager to see how LGT react to angry investors for such weak company performance! 1 day ago
LGT alrdy gone Long Time AGO. LKT running GB group many years ALREADY
You are out of touch, lost track or have AD. Don't be so sloppy.
If getting symptoms of AD, consult resident expert for advice. We have an expert in @AngTayKor who can recommend & refer you to Taurx Taurx can put you in compassionate program. That is if your USD30M or RM90M+ is false.
Singapore Airlines swings to annual profit, sees robust air travel demand SINGAPORE Airlines Ltd (SIA) on Tuesday posted its first annual profit since 2020 and projected robust demand for the next year as it saw strong demand in bookings to China, Japan and South Korea, after pandemic-related restrictions fell away across the world.
‘More direct flights to China will help 3.5 million target’
PUTRAJAYA: Malaysia is hoping to have more direct and chartered flights from China via strategic collaborations with airlines to achieve its target of 3.5 million Chinese tourist arrivals this year, says Datuk Seri Tiong King Sing.
The Tourism, Arts and Culture Minister said as of now, there are 175 weekly flights from China to Malaysia.
He was met by reporters at the launch of Xiamen Airlines’ inaugural flight from Chongqing to Kuala Lumpur yesterday.
Tiong said the flight marked an important milestone in boosting tourist traffic between the two destinations.
If you want the chance to collect Genting at fire sale price, you must pray hard for PN to score landslide victories in Selangor, N. Sembilan and Penang.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
James_Bond
3,420 posts
Posted by James_Bond > 2023-05-15 14:37 | Report Abuse
Catching the falling knife is disastrous!