walao!!! today GENM so cheap...
miss to buy some to keep leh......

yeah. today drop till 2 something, hear that the it make quite lots of profit this year and will go up to 3 something

Keeping for longterm should be of no problem.

GENM no problem but the owners is the problem,

everyyear one RPT, siphon all the cash, RM 250~RM 500 million a year.

div so kedukut %*#@%$^@

i wanna write to our PM, suggest to him to windfall tax GENM, RM 5 billion, can use the money to buy jet fighter punya engines, can send another astronot, can build bridge from pahang to sarawak, build another bridge from malaka to dumai, from perlis to langkawi, klang to pulau ketam, build a lot of bridge, can do a lot of think oso .......

satu pukul dua pecah ---> read in mandrin.

lol that 5 billion in cash you want them to get taxed?

all we care is genm up up up faster

yes, taxed all the 5 billion, there is this windfall tax regulation, which give the govt the authority to tax sesuka hati one.....

last time Pak Lah tax to all the IPP, but for one year onli.....

for me better for the govt to tax GENM than let them do all the lousy RPT.

great GENM!!! UP more!!!

i also think like that..up more!

lol tax them for cash hoarding

Genting offers more value than Singapore unit
By JAGDEV SINGH SIDHU


jagdev@thestar.com.my

PETALING JAYA: The exuberance surrounding Resort World Sentosa might be overdone and one broker has now recommended investors switch their focus on Genting Malaysia for value instead of its Singapore counterpart.

Citigroup said expectations surrounding Resort World Sentosa were too bullish, making Genting Singapore the world’s most expensive casino stock.

“According to Bloomberg consensus, Resort World Sentosa will be the world’s most profitable casino by 2011, implying Singapore will be generating twice the revenues of Malaysia. We strongly disagree,” it said.

“Not least because if consensus estimates are to be believed, Resort World Sentosa would be the most profitable casino in the world in its first full year of operation (2011), a proposition that truly stretches the imagination.”

At the core of Citigroup’s estimates are visitor projections and just how much money is going to be spent by each person at the resort.

Even though it says its 2011 earnings before income tax, depreciation and amortisation (ebitda) estimates for Resorts World Sentosa were around 30% below consensus and projects Resorts World Sentosa generating revenue of US$1.2bil in 2011, those were aggressive as the consensus numbers call for Resorts World Sentosa starting operations with a bang, something that they feel is unlikely given the greenfield nature of the casino.

The broker said its forecasts seem aggressive, as they assume every single visitor to Singapore would visit either of the integrated resorts once and that every eligible Johorean would go twice to the resort. Furthermore, estimates counts on every Singaporean above 21 years of age visiting the casino five times a year and outspending the average visitor in Macau.

Estimates have projected that each visitor to Resorts World Sentosa would spend US$100, which is 51% higher than that typically spent at Genting Malaysia’s casino (US$66) and higher than the average spend at the Venetian Macau (US$84). That does not include the additional S$100 entry levy that each Singaporean must pay when they enter the casino.

Calling a sell on Genting Singapore, Citigroup gives another example why the market expectations were too high for Singapore’s Integrated Resorts.

“According to consensus, Resorts World Sentosa and Marina Bay Sands in their first full year of operations will achieve combined gross gaming revenue equivalent to 50% of Las Vegas at about US$4bil. We estimate the total market size in 2011 to be at US$2.8bil, around 35% below consensus,” it said.

Citigroup feels Resorts World Sentosa would take significantly longer than currently forecast to achieve the level of visitor arrivals needed to meet the market’s revenue and ebitda projections for its gaming and theme park products.

The broker, however, has called a buy on Genting Malaysia, calling it the world’s most profitable casino. It expects revenue to fall by 12% by 2011 compared with 2009 due to cannibalisation from Singapore but said that both markets were different entities and the issue of Genting Malayssia losing its 7% of Singaporean visitors as overplayed.

Citigroup expects Genting Highlands’ mass market day trippers (72% of visitors) to remain loyal due to the huge price differential in the two models. Resorts World Sentosa’s hotel rates are 7 times those of Genting Highlands.

http://biz.thestar.com.my/news/story.asp?f...30&sec=business

This analyst report is just like rubbish....

The problem why GenM valuation is very lag is becoz of the lousy RPTs.

to make thing worst, the mgmt / owner holding the large cash pile without having any idea wat to do except buying some financial instrement........

couple with poor div yield, there is no any upside catalyst.

May be our PM sud windfall tax GenM, to boost up the govt coffer, instead of charge us RM 50 for credit card.

Me too very disappointed with their selfish management style. It was already shown in their AGM.
Give you a simple example:
2 years back attended their AGM in a hotel in Jalan Sultan Ismail.
Many minority holders especially old people attended the meeting. One of the old people requested Lim Cock-tail to waive the $8 parking charges, but his reply was : "economy is bad, have to be prudent in spending, shareholders can use their money received from dividends to pay the parking charges."( )
Already 1 year away from financial crisis, but their share price is still in crisis.....

This post has been edited by sharesa: Jan 23 2010, 11:09 PM

Yes this little lim invested in some US company, loosing money

than he used GenM to bot over, do in in a way that he dun hv to get share holder approval.....

if the US company making money, sure he will not sell to GenM.....

He himself is very prudent........

used the div to pay car park..... OMG, he think he pay a lot of div ?

Let's us suggest to najib to windfall tax GenM, tax semua the 5 billion. go and buy enjin kapal terbang or buy more jet fighter and send another man to the moon, lagi syiok.

Or maybe someday he might accidentally hit his head and change his style, by turning GenM into high dividend yielding stock the way how the pile of cash is spent.

Sounds like a good idea. please get a hard knock on the head.
Anyway, I think his late father was better in handling the company.
Recently, analysts from many research houses beh-tahan with the way the company's money is handled and downgraded its target price.
When this Lim noticed all that, he quickly mentioned about a "maybe special dividend".
But this special dividend thingy was not published at all in the news. It was only shown as a small headline in Maybank trading portal news.
I feel that even there is a special dividend, could be just 10 cents. Hope I'm wrong.

This post has been edited by sharesa: Jan 23 2010, 11:40 PM

Genting M's cash pile is more for providing funds to its mother Genting rather than rewarding shareholders with rich dividends. It is easy for Citicorp to say Genting M is worth a lot but investors nowadays are much wiser. They would take Citicorp's views with a pinch of salt.
Why not just say Genting S'pore in overvalued n just stop there.

I recall during the AGM and stood up at the microphone and asked,"why not consider giving more dividends to attract investors and boost the share price?"
The Cock-tail looked at my face with slight surprised look and answered," need to keep the cash pile and look-out for a good purchase".
Haiyo.... sudah 2 years already.

In the end, it's both genting share are overvalue, go get other counter is better.

ahhahahahahha, his answer is correct but the meaning is, " I will look out and invest, but when my investment fail, GenM will buy over"

this is wat happen to Digital Walker.

If u remember during the Genting group 45 year aniversary, the press ask him about some of his investment in US, he say this is my personal investment nothing to do with GenM.......... so dejavu

let see wat RPT he will do this year