According to Bloomberg, of the 16 analysts covering the stock, 14 have “buy” calls on Genting while two recommended “hold”.
Worth noting is that Genting’s share price rally comes after Maybank Investment Bank Research said its target price for the group could be revised upward to RM9.40 under the blue sky scenario where TauRx’s hydromethylthionine mesylate (HMTM) drug is approved and the pharmaceutical company is valued at US$15 billion (RM70.23 billion), up from US$1 billion currently.
HLIB has upgraded its target price for Genting to RM7.12, from RM6.96 previously, due to the group being undervalued as it does not sufficiently capture the potential recovery of both its subsidiaries, Genting Singapore Ltd and Genting Malaysia Bhd.
Genting’s Resorts World Bet achieved US$500,000 wagering revenue in February — report
KUALA LUMPUR (March 12): Resorts World Bet, an offshoot of the Genting group, achieved US$500,000 (RM2.34 million) in wagering revenue, as online sports wagering revenue in the New York state rose 21% in February, with a hold percentage of 7.4%, slightly lower than industry standards.
In a report on Sunday, North America's gambling industry news source CDC Gaming said handle (money bets) was also up 21%, at almost US$1.8 billion wagered.
The report said revenue before taxes was US$131.4 million. One operator, Fanatics Sportsbet, participated in the market for only one day, having launched on Feb 29.
Although substantially increased handle was seen at DraftKings (up 24%), FanDuel (22%), and BetMGM (20%), only the first two increased revenue.
BetMGM lost ground in revenue, while Caesars Sportsbook ceded both handle and revenue alike.
DraftKings grossed US$53.4 million on US$608 million in handle, a 59% surge. FanDuel led in both handle (US$720 million) and revenue (US$63.4 million), the latter a 19% increase.
BetMGM booked US$130 million in wagers, but realised revenue of only US$600,000.
agree shorts is unlikely, what is more likely is that Hedge Funds [called sharks in Malaysia] will take position and push to 6 plus, will happen anytime from now.
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....
Michael_chan2022
3,349 posts
Posted by Michael_chan2022 > 2024-03-11 21:01 | Report Abuse
如果股价處於7, 8 ringgit 情况当然不一样
RM5 ..真的流口水