Genting Malaysia

Re: Genting Malaysia

Postby winston » Tue Jan 08, 2019 9:53 am

not vested

Awaiting court hearing date

Genting Malaysia met with some 40 institutional investors at our annual Malaysia Corporate Day on Friday.

The company is still waiting for a court hearing date for its US$1bn law suit against Disney and 21st Century Fox.

The stock remains a Hold. We await more clarity on the possible opening dates for the new outdoor theme park.

Source: CIMB

https://brokingrfs.cimb.com/r1HR8FaCRNA ... 9ibMQ2.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Genting Malaysia

Postby winston » Tue Jan 15, 2019 9:26 am

not vested

Selectively optimistic

Maintain POSITIVE view – Prefer GENT and GENS

For GENM, we expect FY19 earnings to fall 25% YoY on 10ppts higher RWG duty rates.

For GENS, we expect FY19 earnings to be more stable not only vis-à-vis to GENM but to the Macau operators as well.

Despite GENM’s woes, we expect the earnings of its parent, GENT to still grow at a 3-year forward CAGR of 8%.

We maintain our GENM TP at MYR3.30, trim our GENS TP by 2% to SGD1.26 and raise our GENT TP by 6% to MYR9.50.

Maintain BUY calls on GENT and GENS; HOLD on GENM.

https://factsetpdf.maybank-ke.com/PDF/1 ... f55253.pdf
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Genting Malaysia

Postby winston » Thu Jan 17, 2019 7:37 am

not vested

Genting Malaysia identifies areas for cost cutting

Some of the steps that have been planned include to have a more prudent way to give incentives and promotions to its members.

According to UOB Kay Hian, the company is also targeting to reduce exposure in the high-end VIP market as it only provides thin margins.

“It will also control payroll and number of staff until the opening date of its outdoor theme park is set,” the research house said in a report.


“For the indoor theme park, 13 rides are operating now and the remaining nine rides are targeted to be ready for operation in early February to catch the Chinese New Year crowd”.

“Genting Malaysia would incur a cost of about RM15mil per quarter (about 3%-4% of total pre-tax profits) for maintenance works, before the theme park starts operating for business,” it said.

UOB Kay Hian has maintained its “hold” call on Genting Malaysia with a target price of RM3.30.

Maybank IB said it has accounted for these events and is maintaining its earnings estimates with a “hold” call and a target price of RM3.30 based on a 10% discount to the sum-of-parts per share.


Source: The Star

https://www.thestar.com.my/business/bus ... utlubiG.99
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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