Posted by Michael_chan2022 > 2024-01-08 13:19 | Report Abuse

https://theedgemalaysia.com/node/696539

Genting, Genting Malaysia among top gainers in early trade

👍

Posted by ChloeTai > 2024-01-08 13:20 | Report Abuse

Have faith in Genting and think positively. I said to myself.

Posted by Michael_chan2022 > 2024-01-08 13:25 | Report Abuse

👍

Posted by UncleStar > 2024-01-08 14:20 | Report Abuse

I once heard a hairless guru say PBB is way better than GentingB
It seems GentingB is more interesting now

Posted by Michael_chan2022 > 2024-01-08 15:23 | Report Abuse

https://www.klsescreener.com/v2/news/view/1259111/%E5%88%A9%E5%A5%BD%E6%83%85%E7%BB%AA%E5%B8%A6%E5%8A%A8-%E4%BA%91%E9%A1%B6%E5%8F%8C%E9%9B%84%E9%BD%90%E6%B6%A8


云顶拥有其持股20%的TauRx Pharmaceuticals Ltd的认购期权，该公司目前在开发治疗阿尔茨海默病的药物。

据了解，TauRx已向英国药品和保健品监管机构提交主要药物甲磺酸氢甲基硫氨酸（HMTM），供考虑批准。

“我们目前对TauRx的估值只有10亿美元（46亿5000万令吉）。如果该公司的估值像之前报道达到150亿美元，我们对云顶的目标价可能会上调至超过8令吉。”

Posted by virust > 2024-01-08 15:26 | Report Abuse

i'm very agreed with research house point of view, foreign investors tend
to BUY/SELL GENT when the MYR appreciates/depreciates. So just stick to foreign fund when deal with GenB.

Posted by stampid54 > 2024-01-08 15:31 | Report Abuse

Strong rally means strong MYR today, hehe

Posted by virust > 2024-01-08 15:32 | Report Abuse

Thai IR is too far away but still good to go while table gaming bid for RWNYC, taurx, RWG & RWS tourism boost enough for this year earning catalyst.

Posted by keyman > 2024-01-08 16:39 | Report Abuse

Tell me this is just warming up. Good show is still behind. 😉

Posted by ChloeTai > 2024-01-08 16:47 | Report Abuse

Michael_chan2022
Translation
(Kuala Lumpur, 8th) Driven by positive sentiment, both Genting Bhd and Genting Malaysia Bhd rose.

Genting ranked tenth on the rise as investors cheered the potential upside in its 52.63%-owned Genting Singapore, which has returned to pre-COVID-19 levels.

In addition, analysts said the possibility of Genting Malaysia's Resorts World New York City winning a downstate commercial license also brought positive sentiment.

Genting has risen steadily from a low of RM4.15 on November 10 last year. It hit an 11-month high of RM4.88 during the market break, with an increase of 3.39% or 16 sen, with a total of RM8.459 million changing hands.

According to Bloomberg data, the stock currently has 14 "buy" and 1 "hold" recommendations. Hong Leong Investment Bank gave the highest target price of RM6.95, while the lowest was Goldman Sachs’ target price of RM4.30.
Genting Malaysia, which holds 49.33% of Genting Malaysia, climbed as high as RM2.88, the highest since October 18, 2021, when it closed at RM2.94.

The stock rose six sen or 2.14% to RM2.86.

The stock has 12 "buy", 5 "hold" and 1 "sell" ratings, with a consensus target price of RM4.11.

Apart from Genting Singapore and Resorts World New York City, Maybank Investment Bank believes that the ringgit's recovery will also benefit Genting's valuation.

"Our view is that the ringgit will strengthen to 0.23 against the US dollar from the current 0.22. Therefore, we expect the discount on the integrated valuation method to narrow to 60%, compared with about 65% currently."

In addition, Genting has call options in TauRx Pharmaceuticals Ltd, in which it holds 20% of the shares, which is currently developing drugs to treat Alzheimer's disease.

It is understood that TauRx has submitted its lead drug hydrogen methylthionine methanesulfonate (HMTM) to the UK Medicines and Healthcare Products Regulatory Agency for consideration for approval.

"We currently value TauRx at only US$1 billion (RM4.65 billion). If the company's valuation reaches US$15 billion as previously reported, our target price for Genting may be raised to more than RM8."

Maybank Investment Bank maintained its "buy" rating on Genting and raised its target price to RM5.84 from RM5.49.
Genting Malaysia, which holds 49.33% of Genting Malaysia, climbed as high as RM2.88, the highest since October 18, 2021, when it closed at RM2.94.

The stock rose six sen or 2.14% to RM2.86.

The stock has 12 "buy", 5 "hold" and 1 "sell" ratings, with a consensus target price of RM4.11.

Apart from Genting Singapore and Resorts World New York City, Maybank Investment Bank believes that the ringgit's recovery will also benefit Genting's valuation.

"Our view is that the ringgit will strengthen to 0.23 against the US dollar from the current 0.22. Therefore, we expect the discount on the integrated valuation method to narrow to 60%, compared with about 65% currently."

In addition, Genting has call options in TauRx Pharmaceuticals Ltd, in which it holds 20% of the shares, which is currently developing drugs to treat Alzheimer's disease.

It is understood that TauRx has submitted its lead drug hydrogen methylthionine methanesulfonate (HMTM) to the UK Medicines and Healthcare Products Regulatory Agency for consideration for approval.

"We currently value TauRx at only US$1 billion (RM4.65 billion). If the company's valuation reaches US$15 billion as previously reported, our target price for Genting may be raised to more than RM8."
Maybank Investment Bank maintained its "buy" rating on Genting and raised its target price to RM5.84 from RM5.49.

As for Genting Malaysia, the bank pointed out that the number of tourists at Resorts World Genting should return to pre-epidemic levels this year, which will drive the group’s profit for the fiscal year ending December 2024 to rebound by 60% year-on-year. This will enable Genting Malaysia to offer an interest rate of at least 5.4% per annum.

The bank reiterated its "buy" rating on the stock and raised its target price from RM2.70 to RM2.93.

"A potential catalyst is Resorts World New York City winning a southern commercial casino license, which could add 56 sen to our target price."

"It is hoped that the results of the above-mentioned commercial gambling license bidding will be announced within the year. If successful, it is expected to stimulate foreign investors' interest in Genting Malaysia's shares. Currently, Genting Malaysia's foreign shareholding ratio is at a multi-year low, as of September 2023 15% on the 30th.”

"Another explanation for the low foreign ownership is that the downside risk to Genting Malaysia's share price from foreign outflows is likely to be minimal."

Posted by Fabien _the efficient capital allocator > 2024-01-08 17:17 | Report Abuse

Genting's holding of Genting Singapore is already RM5.54 per share.

Posted by Fabien _the efficient capital allocator > 2024-01-08 17:22 | Report Abuse

GENS $1 - MC $12billion. GENT owns 52.6% stake.

Posted by Riaz1954 > 2024-01-08 17:53 | Report Abuse

Let’s hope the positive momentum is maintained and it is not a false dawn as previously. Many positive factors in play proof of pudding is ultimately in share price performance which can be impacted by insiders dumping shares.

Posted by Riaz1954 > 2024-01-08 18:02 | Report Abuse

Truly worthy performance would be for the share price to hit 5.50 plus before annual results …after all share price was 7 RM during 2019 before Covid hit.

Posted by newbie2019 > 2024-01-08 18:06 | Report Abuse

hehe…4.9 liao
touch 5.0 tomorrow and huat ah

Posted by neohts > 2024-01-08 18:17 | Report Abuse

TauRX once approved.
TP RM8.00

Posted by ChloeTai > 2024-01-08 19:31 | Report Abuse

@Riaz1954: I I am not mistaken, you mentioned that you have held Genting shares for 2 years. It is truly a hard time for you. Dragon328 bought from RM4 to RM5 only to see it dropped back to RM4. Let us hope that this round of foreign funds really push it up to above RM5 convincingly. Good luck.

Posted by dragon328 > 2024-01-08 20:21 | Report Abuse

@ChloeTai, I did buy the first batch of Genting shares around RM4.60 all the way to RM5.00 early last year only to see it drop to a low of RM4.00. But I have added more from RM4.08 to RM4.30 to bring my averaged price to around RM4.50. Now I am in the money!

Posted by loss9696 > 2024-01-08 20:58 | Report Abuse

I hold genting for 4 years, last month finally gave up n sold. Walao eh, started to fly. But believe it or not, suddenly so many good news come out. Good thing or not? Should buy back?

Posted by MG9231 > 2024-01-08 21:38 | Report Abuse

Not late yet if you have holding power

Posted by DividendGuy67 > 2024-01-08 21:51 | Report Abuse

KLCI green, GENTING + 18 sen, together with GENM and 18 other stocks, help made my portfolio hit a new all time high again today. Thank-you GENTING! This is the 4th time this month, where my portfolio hit a new all time high.

Posted by Fabien _the efficient capital allocator > 2024-01-08 22:02 | Report Abuse

Their combined stakes in Genting SG (52.7%), Genting MY (49.5%) and Genting Plantation(55.4%) already worth more than RM10 per share. Assuming other assets assigned zero value. Adjusted for debt, their SOP is still around RM7.

Posted by enigmatic [bamboo investing style] > 2024-01-08 22:11 | Report Abuse

@Fabien _the efficient capital allocator,

As much as I'm delighted that Genting has risen after a long period of sluggishness, I don't see much growth coming from it. Deep value asset plays have not been very rewarding to investors in recent times.

Posted by Save > 2024-01-08 23:15 | Report Abuse

Since there is no fresh news, let's examine Genting technical pictures. Genting painted a double bottoms on 27/6/23 and 30/10/23 with neckline at 4.56. Double bottoms projections will be around 4.56+(4.56-4.01)=5.11 and subsequently 5.11+0.55=5.66. As Genting just brokenout from a bullish flag pattern, measuring first leg (4.71-4.01=0.70) to add on rebound point 4.55, short term target may be around 4.55+0.70=5.25, which is bodes well with price target of many investment banks. What is today 4.90 means to me? 4.90 is a ceiling of Genting downtrend channel since Nov 2019! If you draw a line from peaks of Genting share prices since Nov 2019, you will reach today 4.90. Breaking out from 4.90 and no return means a lot for Genting share price after that. With MACD just crossed signal today, with RSI around 67%, Genting should be able run for a few days more and there is room to take tough resistance 4.90 away. Just sharing, hope I am right

Posted by ChloeTai > 2024-01-09 04:22 | Report Abuse

@Dragon326: Yes you did mention before that when Genting dropped back from RM5 to RM4, you averaged down. Your analysis and holding power are fantastic. Riaz1954 is worry that when Genting this round go above RM5 and then droped back to below RM5. I am also having the same worry as Riaz1954. Let's hope for the best. It is getting nearer and nearer to end of February day by day where the 4th quarter results will be announced.

Posted by ChloeTai > 2024-01-09 06:51 | Report Abuse

Genting oh Genting, after breaking RM5, pleeeeeeeerease do not fall back to below RM5, as what happened in early 2023.

Posted by ChloeTai > 2024-01-09 06:56 | Report Abuse

Genting, oh Genting, after breaking RM5, you should rise to 5.10, 5.20, 5.30, 5.40, 5.50 and so on until RM6.95 in 2025.

Posted by Michael_chan2022 > 2024-01-09 08:35 | Report Abuse

https://www.bloomberg.com/news/articles/2024-01-08/wall-street-is-trying-to-nail-down-timing-of-fed-s-qt-taper?embedded-checkout=true
Wall Street Is Trying to Nail Down Timing of Fed’s QT Taper

https://www.bloomberg.com/news/articles/2024-01-08/china-s-central-bank-hints-at-reserve-ratio-cut-for-lenders
China Hints at More Easing With Possible Reserve Ratio Cut

https://www.businessinsider.com/fed-rate-cuts-outlook-below-3-percent-economy-soft-landing-2024-1
The Fed could slash rates below 3% to maintain 'notoriously difficult' soft landing, JPMorgan expert says

Genting 跟外部环境息息相关...As long as external business environments continue to improve and return to a stable and predictable state, it is beneficial for the equity market... good time to invest

Posted by Michael_chan2022 > 2024-01-09 08:41 | Report Abuse

https://www.businesstimes.com.sg/opinion-features/columns/sgx-should-ride-falling-rates-make-singapore-top-choice-equities-listings
SGX should ride on falling rates to make Singapore a top choice for equities listings


https://www.cnbc.com/2024/01/08/goldman-sachs-analyst-says-the-world-is-moving-into-a-new-super-cycle.html
Top Goldman Sachs analyst says the world is moving into a new super cycle

机会是給有準備又懂得争取的人，大家等着收割吧!

Posted by rachelwilmott59 > 2024-01-09 08:48 | Report Abuse

Always validate before investing with someone new

When international authorities close in on a firm with less-than-stellar operation practices, it is always interesting to see what they managed to uncover.

So, what red flags do we need to watch out from?

Honesty is definitely a big one. Beware of salespeople who tend to put pressure on you when they speak or those who do not seem to match their investment opportunities with your needs. Encouraging you to take out credit should make you run for the hills, and glitzy celebrity-led announcements could actually be fake.

Always take time to "google," ask friends and validate before investing with someone new.

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Posted by Michael_chan2022 > 2024-01-09 08:54 | Report Abuse

https://www.thestar.com.my/business/business-news/2024/01/08/malaysian-reits-to-continue-healthy-growth

Malaysian REITS to continue healthy growth

Genting is in the REITS business, too. It should continue enjoying healthy growth this year

Posted by cn21 > 2024-01-09 09:17 | Report Abuse

https://www.sinchew.com.my/?p=5263150
游客人数回到疫情前水平 云顶大马今年盈利料增60%

Posted by gladiator > 2024-01-09 09:27 | Report Abuse

Very sad pang72 not coming here to promote Genting already. He is busy at YTL topic.

Posted by troy88 > 2024-01-09 09:46 | Report Abuse

Congrats. Back to 5..

Posted by choysun > 2024-01-09 09:58 | Report Abuse

Investors are piling in. Here we go :)

Posted by ChloeTai > 2024-01-09 09:59 | Report Abuse

YTLPOWR struggling to get pass RM5. GENM struggling to get pass RM2.90.

Posted by ChloeTai > 2024-01-09 10:01 | Report Abuse

Come on Genting. YTLPOWER from red at 3.33 also can go green at 3.46. Genting, you can do it.

Posted by Fabien _the efficient capital allocator > 2024-01-09 10:03 | Report Abuse

@enigmatic [bamboo investing style] not entirely true, if you have patient capital. getting pay decent yields while waiting, eventually (due to some fortunate circumstances) value may be unlock/

Recent examples, Keck Seng and OSK

Posted by Fabien _the efficient capital allocator > 2024-01-09 10:13 | Report Abuse

the crown of the jewel is in GENP. they are sitting on a huge tracts of undeveloped lands....17k hectares of freehold land waiting to be monetized. huge monetary value of landbanks and low share capital base.

Posted by Riaz1954 > 2024-01-09 10:34 | Report Abuse

Struggling to go past 5 as expected. Immense selling pressure high volume….we will know around 3-4 pm when European markets open if Genting close 5 plus. It is important that it closes above.

Posted by Save > 2024-01-09 10:41 | Report Abuse

Anyone want to buy Genting cheap at 4.88 may be have a chance today.........Washing cycle came as 1500 is supported well

Posted by ChloeTai > 2024-01-09 10:45 | Report Abuse

Aiyoh, what happened in early 2023 is happening again now. Got pass RM5. Then, drop back below RM5.00. Now only 4.95. Those who want to sell, faster sell now. I will continue to hold.

Posted by Save > 2024-01-09 10:59 | Report Abuse

@Chloe Tai: 2023 incident is not happening now. Since 4.90 is taken out, technically it should test it's effectiveness as a support that provide a chance for late comer to buy

Posted by Gnanasong > 2024-01-09 11:21 | Report Abuse

Nice, finally breach Rm5. Let's see it can move back up to Rm5 and maintain at Rm5 and above or not

Posted by Michael_chan2022 > 2024-01-09 12:10 | Report Abuse

Those who purchased YTLp yesterday and today are now in a dilemma...uncertain about what comes next.

Lai lai buy GenB.

Posted by Michael_chan2022 > 2024-01-09 12:23 | Report Abuse

Still awaiting... may take months 😀
Ytlp - 270
Ytl - 180

Posted by ChloeTai > 2024-01-09 12:26 | Report Abuse

There is no point of selling Genting at this moment. If sell already, the cash obtained buy what? We still have not see the 4th quarter results. Last year (2023), the 4th quarter results were ugly. That was one of the reason for Genting share to fall back to RM4 from RM5. Just hold. Shares never go up in a straight line.

Posted by ChloeTai > 2024-01-09 12:29 | Report Abuse

The above were at the price of RM4.90. The highest is RM5.02. And the lowest is RM4.90.

Posted by Hong9933 > 2024-01-09 12:34 | Report Abuse

Hold on

Posted by Michael_chan2022 > 2024-01-09 12:40 | Report Abuse

Foreign investors are selling YTLp and... buying back SG utilities giant, U96 now.

Lai lai ... buy and hold GenB