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Genting

GENTING BHD LONGBusiness Overview: Genting Berhad is principally an investment holding and management company. The Group is involved in leisure and hospitality, oil palm plantations, power generation, oil and gas, property development, life sciences and biotechnology activities, with operations spanning across the globe, including in Malaysia (the Group’s country of origin), Singapore, Indonesia, India, China, the United States of America, the Bahamas, the United Kingdom and Egypt. In the core leisure and hospitality business, the Genting Group and its brand affiliates, market and offer a suite of products under a number of premier brands including Genting, Resorts World, Genting Grand, Genting Club, Crockfords, Maxims, Crystal Cruises, Dream Cruises and Star Cruises. The Genting Group also have tie ups with established names such as Universal Studios, Premium Outlets, Zouk, Hard Rock Hotel, Hilton and other renowned international brand partners. Fundamental take: As business in Malaysia contributes a significant portion of Genting Bhd's performance, Genting bhd is affected by the covid situation in Malaysia and other parts of the world. Malaysia has been fighting hard in this covid situation and certain states experienced periodic MCO/lockdown for the past 9 months. Nevertheless, 1) Recent financial performance has shown core gambling business improved after the first major lockdown and losses reduced. 2) Vaccine will reach Malaysia in the 1st Qtr 2021. 3) Chinese New Year is round the corner. Many itchy hands will try their luck in the "prosperous" 15 days, making Genting Bhd prosperous. 4) Tourism plays a major role for Genting Bhd to recover back to pre-covid share price RM 8-10. With an assumption of vaccine is effective to control the covid situation, we expect Malaysia to open up the tourism sector in 2nd half of 2021, hence a rise in share price in the next 2 years Genting Bhd will move into the black in 2021. On the flip side, any major deterioration in the covid situation or government intervention (lockdown) in the 1 Qtr would adversely affect Genting Bhd's performance and delay her recovery. With cost cutting efforts in 2020 and sufficient cash in reserves, Genting can withstand another covid impact, and grind out of this crisis. Technicals: - Genting Bhd broke its major downtrend resistance and is currently doing nice pullback along the resistance trendline. - Expect the support range of RM 3.85 - 4.22 to hold for the upcoming joyous Chinese New Year. - Risk of false breakout is low at present unless a change in Malaysia's situation. Entry Price: RM 4.24 - 4.45 Take Profit: 1) exit on major resistance levels (of your choice) 2) wait until Malaysia opens up tourism sector and gambling numbers recovered 80% Good luck in Trading and have a prosperous 2021. Do give a like to support us if you like this idea.
MYX:GENTINGLong
by Hohoolo
Genting Singapore Limited - AnalysisSTOCK IN FOCUS: GENTING SING As the pandemic situation continues, tourism-related companies are greatly affected. Travel advisories, bans and even country lock-downs see a stark drop in local and tourist traffic, and revenue for the retail and hospitality sector. Genting Singapore PLC had been involved in the development, and currently operating 2 Integrated Resorts in Singapore. With noticeable absence of foot traffic, we can expect revenue to drop. A pick-up of tourism is linked to the recovery not only of healthcare aspect of the pandemic situation, but also a recovery of countries' economies. Price has melted from the descending triangle and looks to continue melting with the ongoing situation. We could see price levels reach GFC crisis levels, ranging from 0.325 to 0.470. Price YTD: down 33% (from 0.930 to 0.620) Price from end Jan'20: down 28% (from 0.865 to 0.620) Dividend yield FY'18: 5.65% Dividend yield FY'19: 5.65% I believe dividend yields will fall for FY'20 but it could be a good hold as I believe that this stock has potential to climb as tourism picks up in future, and possibly with plans to expand.
SGX:G13
by TraderMozo
Genting Sing (We may see a Bullish swing up soon)View On Genting Sing (10 Apr 2019) Back Ground: We had a good GAP DOWn sell on Genting but I am seeing this move is a liquidity seeking mode. So it is risky to say but we may see a rebound soon. Do not buy it with the big lot but you can tip top to see it it works. Target(s): UP 1 (TP1), 1.1 (TP2), 1.125 (TP3) SHTF: $0.80 is the last support. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
SGX:G13Long
by SonicDeejay
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