Will GENTING 3182 GENTING BHD mirror Genting Singapore impressive share price uptrend?
Genting Singapore Ltd has been enjoying a good run in its share price in the past year, surging some 44% to close at S$1.18 on April 5.
The surge spell good news to its parent company Genting Bhd, which holds 53% in the SIngapore-listed casino operator.
In the past year, Genting Bhd only rose marginally, 1% to close at RM4.68 on April 5.
But expectations are for Genting Bhd share price to follow the rally to catch up at least 50% of the market cap increase from Genting Singapore.
Based on that, Genting Bhd should go up by at least 50 sen to above RM5 level.
This is because, Genting Singapore share price has gone up from S$1 level to now S$1.18, adding RM3.83 billion of market cap to Genting Bhd's stakes or RM1 per share.
Touching beyond RM5 level is not out of the question as Genting Bhd reached a 52-week high of RM5.34 in June last year.
Optimism on casino counters like Genting Bhd and Genting Singapore is further elevated on talks of takeover interest of the Singapore casino unit as tourists return to the Asian travel destinations.
According to reports, US rival MGM Resorts International has approached the Genting Singapore's controlling shareholder, the billionaire Lim family, to express its interest in a deal.
The report said other suitors have also entered into preliminary stages of studying Genting Singapore.
When such news broke, the SGX-listed unit surged as much as 9.3% prompting the bourse to issue a query to the company on the "unusual price movements".
Question is whether Genting Bhd share price will follow suit given its firm control of the Singapore casino unit.
Whether or not Gentig Bhd will still catch-up with its Singapore counterpart remains unseen.
Nevertheless, Kenanga Research is positive on the Genting Berhad.
The research house believes the gaming sector will benefit as travel nomalises post Covid-19 pandemic
As such, it maintained an overweight call on the gaming sector
Kenanga Research shares that Tourism Malaysia projects a 60% jump to 16.1 million tourist arrivals in Malaysia in 2023,
Meanwhile, the Singapore Tourism Board expects a big jump in visitor arrivals to the island republic of 12 million to 14 million this year over 4.7 million recorded last year.
Kenanga Research expects the return of international tourists, especially those from China, benefitting casino operators such as Genting Malaysia Bhd. and Genting Singapore and Genting Bhd
Betting on Malahysian Genting counters may prove to be worthwhile give its potential upside and boosted by the recovery play.
#GENM#GENTING
https://xifu.my/OpinionsComment.aspx?BID=B01076138P0AEAB0
Singapore Investment
-
-
-
-
-
-
-
-
-
DBS Bank Singapore Stock Price12 hours ago
-
-
-
-
-
-
-
-
Finance Investment Movement 5521 hours ago
-
Net Worth Update Mar 20251 day ago
-
-
-
-
-
-
-
Mapletree Pan Asia Commercial Trust2 days ago
-
-
-
-
-
-
-
-
-
-
-
-
Legoland 20255 days ago
-
-
-
-
-
-
-
-
-
-
-
-
-
Where Do The Rich Keep Their Money?1 week ago
-
Why do I top up my ASM3?2 weeks ago
-
-
-
-
Another one bites the dust2 weeks ago
-
-
Feb 2025 Portfolio2 weeks ago
-
Portfolio (Feb 28, 2025)2 weeks ago
-
Portfolio (Feb 28, 2025)2 weeks ago
-
Portfolio -- Feb 20252 weeks ago
-
Feb 2025 Updates2 weeks ago
-
-
-
Trading Journal As Of 21 Feb 20252 weeks ago
-
-
-
-
-
-
-
-
The Ultimate SG-JB Geo Arbitrage: Petrol4 weeks ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ETF vs Mutual Fund: Which is Better?1 month ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Arigato Everyone! A Decade of Blogging!2 months ago
-
Top 10 Highlights of 20242 months ago
-
Why do I question about life?2 months ago
-
-
-
-
Reflections for year 20243 months ago
-
My Palantir Regret3 months ago
-
2023 Trading Recap – $11,000 in profit!3 months ago
-
-
-
Union Square Residences4 months ago
-
-
-
China boom?5 months ago
-
-
STI ETF5 months ago
-
-
-
Unibet Casino Bonus Codes 20246 months ago
-
-
-
-
-
-
-
Monthly IBKR Update – June 20248 months ago
-
-
-
-
-
-
-
Breakthroughs in portfolio :)9 months ago
-
-
-
Feb 2024 Expenditure11 months ago
-
-
-
-
-
-
-
Monthly Summary of November 20231 year ago
-
Migration of website1 year ago
-
-
-
-
-
-
-
-
-
-
A New Light1 year ago
-
-
-
-
-
-
2022 Thoughts, Hello 2023!2 years ago
-
Series of Defaults for Maple Finance2 years ago
-
Takeaways from “Sea Change”2 years ago
-
Greed is Coming Back2 years ago
-
-
-
-
-
-
-
-
What is Overemployment2 years ago
-
Terra Hill Condo (former Flynn Park)2 years ago
-
Alibaba VS Tencent: The Battle Royale2 years ago
-
-
-
-
-
-
-
-
-
-
-
-
-
Home
GENTING
xifu
Will GENTING 3182 GENTING BHD mirror Genting Singapore impressive share price uptrend?