KLSE (MYR): D&O (7204)
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Last Price
1.87
Today's Change
-0.03 (1.58%)
Day's Change
1.83 - 1.90
Trading Volume
4,575,500
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emsvsi
3,519 posts
Posted by emsvsi > 2021-03-08 10:20 | Report Abuse
Pre-pandemic share price:
Genting Berhad: RM6.0x
Malaysia National Covid-19 Immunisation Programme starts end-Feb 2021 and expected completion by end-2021 (looking at the speed of progress, likely earlier). Full vaccinations are not required to see the effects of Covid-19 cases and most importantly deaths coming down (see Israel). Hence, by 4Q21 (Oct-Dec) you should be able to see the full effects. Note markets are 6-12 months forward looking (see Gloves). Therefore, latest by 2Q21 (Apr-Jun) we should see share prices pop back to at least pre-pandemic levels
Note: this has not take into account re-rating catalysts:
a) Pent-up demand from revenge travel and gaming (Lifting of lockdowns - MY; UK)
b) Skyworlds (2Q) and Resorts World Las Vegas (summer)
c) Celularity Inc listing (2Q21; assume 10% holding only)
d) *Mashpee Wampanoag Tribe promissory notes USD426.3 mil write-back
e) Resorts World NYC expansion
f) Resorts World Hudson Valley
g) New York state sports betting license bid
h) Japan Integrated Resort (IR) bid
i) Resorts World Sentosa upgrading
j) Plantation - CPO record high
k) Energy - Brent crude oil above USD 70
l) Property - Cyclical sector in an upcycle
m) Life Sciences - Vast potential (see US biotech and genomics co's)
n) International borders reopen / travel bubbles / vaccine passports
o) WHO declares pandemic over
Genting which is a Recovery / Value stock is now also a massive Growth stock
Disclaimer: The information and opinions expressed here are for educational purposes only and the contents of this post should not be construed as financial advice and does not constitute a buy or sell call. Consult your investment advisor before making any investment decision.