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******** GENTING ******* BERHAD ********

e Genting HK US$	S21	i	--	USD	0.475		-0.010	-2.1	83,902,000	1,512,000	0.475	0.480	1,946,000	0.495	0.485	0.505	0.475	M	--	SGX	S21	GENH.SI
GENTING BHD	3182	i	CD	MYR	9.770		+0.020	+0.2	9,776,800	1,060,400	9.770	9.810	20,000	9.840	9.750	9.980	9.770	--	--	KLS	3182	GENT.KL
GENTING MYS BHD	4715	i	CD	MYR	3.490		+0.070	+2.1	17,777,100	23,900	3.490	3.500	201,300	3.430	3.420	3.560	3.410	--	--	KLS	4715	GENM.KL
Genting SP	G13	i	--	SGD	2.020		+0.010	+0.5	78,977,000	3,614,000	2.010	2.020	983,000	2.040	2.010	2.060	2.010	M	--	SGX	G13	GENS.SI
GentingSMBLeCW120402	J2UW	i	--	SGD	0.000		0.000	0.0	0	40,000	0.250	0.270	60,000	0.000	0.250	0.000	0.000	M	--	SGX	J2UW	GNML_td.SI
GentingSMBLeCW130103	L2PW	i	--	SGD	0.200		+0.005	+2.6	30,000	100,000	0.130	0.225	25,000	0.200	0.195	0.200	0.200	--	--	SGX	L2PW	GNML_tm.SI
GentingSMBLeCW130104	L7KW	i	--	SGD	0.160		0.000	0.0	640,000	15,000	0.145	0.185	10,000	0.165	0.160	0.165	0.160	--	--	SGX	L7KW	GNML_tr.SI
GentingSMBLeCW130603	L0QW	i	--	SGD	0.260		-0.010	-3.7	10,000	100,000	0.175	0.280	15,000	0.260	0.270	0.260	0.260	M

 

 

Genting Malaysia Bhd jumps on dropping purchase plan

by botzone » Thu May 27, 2010 10:06 am

 

Fast forward to 2010, now gaming stocks have become unloved especially with the slowdown in gaming revenues in Las Vegas and saturation of growth in Macau. The 2 best performing gaming stocks in the world over the past couple of years have been Las Vegas Sands (LVS) and Genting Singapore, thanks to their new growth engines in our lovely island country of Singapore. To think that LVS almost went into chapter 11 back in 2008, they sure have turned things round very nicely. Till today, LVS is still geared heavily and I believe its stock price has exceeded its fundamentals by far. Genting Singapore has also had a lovely run up but I am skeptical about its upside potential until it reports its next two quarters of earnings. It will probably see $2 eventually but I am looking for a safer proxy to Genting Singapore and that comes in the form of Genting Berhad.

First lets have some trivia.

Guess how much would an investment in Genting Berhad shares be worth today if an investor bought 1000 shares at RM$1 each in 1971?

A WHOPPING RM$2.19 million!!!!! That translates to a CAGR of 22% per annum over the past 38 years. Talk about a good investment. I believe that as good as a stock can go.

Currently, Genting Berhad is ranked 9th largest gaming company in the world by market cap. The market cap of the company stands at approx S$14 billion. So why
don't I dissect its sum of parts first. Genting Berhad owns 51% of Genting Singapore whose own market cap in Singapore comes up to S$24 billion! So in terms of market cap, Genting Singapore is larger than Genting Berhad!

Genting Berhad's stake in Genting Singapore is worth S$12b, its 48% stake in Genting Malaysia is worth S$3.7b and 19.3% stake in Genting Hong Kong is worth S$722m. Those are its stakes in its gaming subsidiaries. Total worth of those stakes come up to S$16.422 billion. So that is more than the market cap of Genting berhad and we have not taken account its stakes in Landmarks (their property development arm), Genting Plantations (its palm oil plantation business), Genting Sanyen Power and Genting China Power (its power generation business in China, India and Malaysia) and Genting Oil and Gas (its oil and gas production arm with interests in China, Morocco and Indonesia). So is that enough value for you?

No? I thought so.

How about the fact that its the largest casino by EBITDA in the world? Its EBITDA margins are more than 40%. Throw in the 19.5 million visitors per year visiting Genting Highlands. There is also plans for Genting Berhad to operate New York City's first gambling parlor, at the Aqueduct racetrack in Queens. Initial approval is for them to put in 4500 slot machines and electronic table games. The plans are to create a destination resort that would attract both local and international visitors.

Need more?

Management as remained pretty much the same which is the Lim family which owns 39.6% of the company. Tan Sri Lim Kok Thay who is their CEO has a good track record in allocating capital in a way that benefits shareholders.

Balance sheet strength?

Genting Berhad now has RM$16.25 billion in cash and it has total liabilities of RM$19.6 billion.

Cash generating machine?

The fact that the company has generated RM$2.5 billion in operating cashflow yearly since 2007 is an impressive feat. This year it has generated more than that in the first 6 months of 2010. I love consistent and predictable cashflows from operations more than anything else.

Still not enough?

Then don't bother to invest in anything because nothing will ever be good enough.

Oh yes, earnings...they have grown by 120% yoy for the first 6 months of 2010. Even though it's stock price has appreciated 40% since March, we are still looking at a grossly undervalued stock.

Just on asset value alone, the stock should be valued in its early teens.

So do your maths and you will see the sensible thing is to have some Genting Berhad in your portfolio.

I found it so much easier to write this post than Genting Singapore's earlier last month and it felt good too.

Note: Technically, the stock will move a little lower in the next couple of days but it will be a good chance to accumulate more of this gem of a stock.

Have a good week ahead!

Best,

SVI

 

Genting Berhad, the South-East Asia's most prominent casino operator, founded by the great Tan Sri Lim Goh Tong back in 1965.

It all started when he began the initial development works of building a 20-kilometre private access road, across tough mountainous terrains from the foothills to the summit of Mount Ulu Kali, located at 2,000 metres above sea level.

The company was incorporated under the Companies Act 1965 on 30 July 1968 under the original name of Genting Highlands Hotel Sdn Bhd to operate a hotel and casino, and to develop an integrated tourist complex in Genting Highlands, Malaysia.

The company changed its name to Genting Highlands Hotel Berhad upon its its conversion into a public company on 24 July 1970.

It assumed its present name of Genting Berhad on 9 June 1978.

Genting Group via Genting Berhad became involved in palm oil production in 1980 with the acquisition of The Rubber Trust Group, comprising three Hong Kong plantation companies which owns approximately 13,660 hectares of plantation land in Peninsular Malaysia. This division under listed entity Genting Plantations Berhad now has about 133,000 hectares of land in Malaysia and Indonesia. It is one of the leading and lowest cost palm oil producers in Malaysia.

The shares of Genting Berhad were listed on the Main Market of Bursa Malaysia Securities Berhad in 1971.

A restructuring exercise was undertaken in 1989, which involved the initial public offering and listing of Genting Malaysia Berhad on Bursa Securities and resulted in Genting Berhad's becoming an investment and management company.

Genting Group via Genting Berhad became involved in the electricity power generation and supply and the paper manufacturing businesses in 1994 and in the exploration and production of oil and gas in 1996 under Genting Oil & Gas Limited.

I remember, when I first went to Genting Highlands when I was 22, I couldn't help but marvel at the amazing feat of building such a big resort up in the mountains and it must have taken an extraordinary company to achieve it. Add in the fact that they managed to convince a Muslim government to give it a licence to operate a casino in the country with the 2nd largest Muslim population. So far, they are the only ones to be able to attain such a licence and technically granting them a monopoly status in Malaysia.

I remember back in 2006, there were a couple of private equity firms that were looking to buy into gambling assets like Harrah and Trump entertainment, putting gaming stocks in the limelight. At that time, credit was cheap and gaming companies were geared up to their necks due to their expansion plans. They were all trading in excess of 20 times p/e and everyone and anyone wanted to own a piece of the gaming business.

 

http://simplevalueinvestor.blogspot.com/2010/09/genting-berhad-top-class-value-cash-cow.html

 

 

GENTING  TRIO

  hOt  &  spIcy

     

 

Fri: 24 SEP 2010  CLOSING

GENTING BHD (3182)
Day Hi	9.930	Last	9.750	Vol	12,864,400
Day Lo	9.530	$Chng	-0.180

Price	Trades	Volume	Sold to Buyer	Mid	Bought from Seller
9.530	12	17,800	2,800	15,000	0
9.540	39	66,600	35,600	3,100	27,900
9.550	63	119,900	34,100	30,400	55,400
9.560	66	94,100	59,900	8,400	25,800
9.570	84	187,100	116,700	11,400	59,000
9.580	63	226,200	33,400	15,700	177,100
9.590	100	290,600	157,100	0	133,500
9.600	135	720,000	209,500	148,700	361,800
9.610	46	142,000	93,200	0	48,800
9.620	80	212,600	71,100	0	141,500
9.630	74	129,000	70,000	0	59,000
9.640	62	96,500	45,400	0	51,100
9.650	69	111,100	47,300	18,300	45,500
9.660	111	228,500	164,300	2,000	62,200
9.670	185	462,200	311,600	18,500	132,100
9.680	280	812,600	275,900	60,800	475,900
9.690	255	895,300	401,100	0	494,200
9.700	217	611,700	119,600	87,400	404,700
9.710	72	184,100	72,900	0	111,200
9.720	88	217,300	89,800	0	127,500
9.730	107	228,000	180,200	14,100	33,700

9.740	177	375,900	319,900	0	56,000
9.750	338	1,114,000	313,700	25,500	774,800
9.760	122	361,100	71,400	237,700	52,000
9.770	136	252,800	91,600	0	161,200
9.780	114	218,700	136,000	8,500	74,200
9.790	214	572,000	299,800	12,000	260,200
9.800	286	1,011,700	352,900	84,600	574,200
9.810	286	952,000	432,300	300	519,400
9.820	325	1,071,700	508,400	800	562,500
9.830	185	488,800	176,600	0	312,200
9.840	57	79,000	30,500	0	48,500
9.850	21	31,900	21,700	4,000	6,200
9.860	26	55,700	15,000	34,900	5,800
9.880	9	20,800	10,300	9,500	1,000
9.890	9	16,400	13,100	0	3,300
9.900	11	11,500	11,000	0	500
9.910	6	13,100	13,100	0	0
9.920	5	5,800	5,800	0	0
9.930	23	124,900	0	0	124,900
TOTAL	4,558	12,831,000	5,414,600	851,600	6,564,800

 

Friday: 24 SEPTEMBER 2010  CLOSING

e Genting HK US$	S21	i	--	USD	0.485		-0.015	-3.0	85,880,000	454,000	0.485	0.490	2,059,000	0.500	0.500	0.505	0.485	M	--	SGX	S21	GENH.SI
GENTING BHD	3182	i	CD	MYR	9.750		-0.180	-1.8	12,864,400	3,500	9.700	9.750	5,500	9.930	9.930	9.930	9.530	--	--	KLS	3182	GENT.KL
GENTING MYS BHD	4715	i	CD	MYR	3.420		0.000	0.0	15,419,000	89,800	3.410	3.420	121,700	3.390	3.420	3.440	3.380	--	--	KLS	4715	GENM.KL
Genting SP	G13	i	--	SGD	2.010		-0.060	-2.9	147,155,000	671,000	2.010	2.020	1,269,000	2.060	2.070	2.060	1.990	M	--	SGX	G13	GENS.SI
GentingSMBLeCW120402	J2UW	i	--	SGD	0.250		-0.005	-2.0	10,000	42,000	0.250	0.265	10,000	0.260	0.255	0.260	0.250	M	--	SGX	J2UW	GNML_td.SI
GentingSMBLeCW130103	L2PW	i	--	SGD	0.195		-0.015	-7.1	60,000	100,000	0.110	0.220	50,000	0.205	0.210	0.205	0.195	--	--	SGX	L2PW	GNML_tm.SI
GentingSMBLeCW130104	L7KW	i	--	SGD	0.160		-0.010	-5.9	695,000	100,000	0.155	0.180	10,000	0.160	0.170	0.165	0.160	--	--	SGX	L7KW	GNML_tr.SI
GentingSMBLeCW130603	L0QW	i	--	SGD	0.000		0.000	0.0	0	3,000	0.260	0.315	18,000	0.000	0.270	0.000	0.000	M

 

Thu: 23 SEP 2010 CLOSING

PROFIT  TAKING  [NAJIB  ETP  TALK  DAY]

GENTING BHD (3182)
Day Hi	10.360	Last	9.930	Vol	6,557,400
Day Lo	9.880	$Chng	-0.450

Price	Trades	Volume	Sold to Buyer	Mid	Bought from Seller
9.880	38	90,800	73,800	0	17,000
9.890	48	103,000	46,800	0	56,200
9.900	208	613,300	392,900	47,000	173,400
9.910	119	251,300	107,600	0	143,700
9.920	80	192,900	136,600	0	56,300
9.930	233	876,300	250,800	0	625,500
9.940	119	350,400	135,800	6,000	208,600
9.950	172	426,000	292,500	0	133,500
9.960	142	424,400	162,700	44,100	217,600
9.970	68	118,800	47,500	2,800	68,500
9.980	142	400,400	286,000	0	114,400
9.990	149	323,100	141,000	9,400	172,700

10.000	217	827,500	431,800	0	395,700
10.020	137	348,300	148,000	900	199,400
10.040	105	183,300	103,400	17,500	62,400
10.060	68	119,400	79,500	7,700	32,200
10.080	50	82,200	55,700	1,900	24,600
10.100	99	249,300	136,200	3,100	110,000
10.120	59	93,900	51,800	4,100	38,000
10.140	68	187,100	57,200	81,500	48,400
10.160	56	59,100	24,000	0	35,100
10.180	5	13,400	13,000	400	0
10.200	9	12,500	9,700	0	2,800
10.220	6	7,300	7,300	0	0
10.240	27	41,200	39,100	0	2,100
10.260	36	40,300	25,900	0	14,400
10.280	3	4,200	0	0	4,200
10.300	3	11,000	10,000	0	1,000
10.320	13	14,000	10,400	0	3,600
10.340	8	8,800	300	0	8,500
10.360	14	72,200	71,800	0	400
TOTAL	2,501	6,545,700	3,349,100	226,400	2,970,200

 

Indices   23-Sep-2010

STI Index 3,083.13   -12.97 -12.97 FTSE Bursa KLCI 1,458.08   -16.67 -16.67 Hang Seng Index 22,047.71   45.12 +45.12 JSX Index 3,337.20   -6.146 -6.15 SET Index 947.10   2.1 +2.10 PHS Composite 4,067.43   13.25 +13.25 Dow Jones 0.00   0.0 +0.00 NASDAQ 0.00   0.0 +0.00 S&P 500 0.00   0.0 +0.00 NYSE Composite 7,210.85   -35.1 -35.10 AMEX Composite 1,997.78   -6.96 -6.96 All Ordinaries 4,680.00   5.299 +5.30 KOSPI Composite 1,832.63   5.28 +5.28 Nikkei 225 9,566.32   -35.79 -35.79 FTSE 100 5,512.11   -39.8 -39.80 SSE Composite 2,591.55   2.837 +2.84 SZSE Composite 1,144.55   0.27 +0.27

 

GENTING (3182)

by botzone » Wed Apr 08, 2009 9:47 pm

 

 

 

 

 

GENTING BERHAD
24th Floor, Wisma Genting,
50250 Kuala Lumpur

Tel: +(60) 3 2178 2288 begin_of_the_skype_highlighting              +(60) 3 2178 2288      end_of_the_skype_highlighting +(60) 3 2333 2288 begin_of_the_skype_highlighting              +(60) 3 2333 2288      end_of_the_skype_highlighting
Fax: +(60) 3 2161 5304
E-mail: info@genting.com

---

Listing Date: 28.12.1971
Market: MAIN
Sector: TRADING/SERVICES

Par Value: 0.10
Major Industry: Recreation
Sub Industry: Miscellaneous Recreation
SIC Industry Code: 7011 - Hotels And Motels

---

 

Thursday:  23 SEPTEMBER  2010

ELCANE LOONG

elcanology@hotmail.com;

RE: [RHBInvest-Yahoo!] FBM KLCI is falling > 1%

Hi all!
 
History is repeated!

After PM Najib's announcement in April 2010 on

Economic Transformation Programme (ETP) & NKEA,

KLCI fell throughout May!
 


 

Now [September 2010] after yet again of another ETP briefing,

KLCI show similar patterns!!

If tomorrow market falls, you should be able to make $$

by shorting the FKLI futures!!
At 4.30pm,

KLCI is down around 17pts and spot month FKLI is down 22pts

both are more than 1%.
 

 

In October 2010 there'll be another ETP breifing again by Idris Jala, Pemandu CEO!

History could well again be repeated!!


 

---

 
BEWARE!

---

 

 

e Genting HK US$	S21	i	--	USD	0.515		-0.010	-1.9	100,249,000	1,650,000	0.510	0.515	823,000	0.525	0.525	0.530	0.505	M	--	SGX	S21	GENH.SI
GENTING BHD	3182	i	CD	MYR	10.380		+0.020	+0.2	7,328,200	5,200	10.380	10.400	4,000	10.400	10.360	10.600	10.380	--	--	KLS	3182	GENT.KL
GENTING MYS BHD	4715	i	CD	MYR	3.500		-0.140	-3.8	42,494,300	217,800	3.500	3.510	8,400	3.660	3.640	3.710	3.500	--	--	KLS	4715	GENM.KL
Genting SP	G13	i	--	SGD	2.100		-0.020	-0.9	102,199,000	432,000	2.100	2.110	1,125,000	2.110	2.120	2.160	2.090	M	--	SGX	G13	GENS.SI
GentingSMBLeCW120402	J2UW	i	--	SGD	0.000		0.000	0.0	0	20,000	0.255	0.290	120,000	0.000	0.270	0.000	0.000	M	--	SGX	J2UW	GNML_td.SI
GentingSMBLeCW130103	L2PW	i	--	SGD	0.215		+0.005	+2.4	80,000	25,000	0.210	0.220	20,000	0.220	0.210	0.220	0.215	--	--	SGX	L2PW	GNML_tm.SI
GentingSMBLeCW130104	L7KW	i	--	SGD	0.175		+0.005	+2.9	10,000	50,000	0.170	0.200	10,000	0.175	0.170	0.175	0.175	--	--	SGX	L7KW	GNML_tr.SI
GentingSMBLeCW130603	L0QW	i	--	SGD	0.290		+0.025	+9.4	40,000	100,000	0.230	0.315	8,000	0.290	0.265	0.290	0.290	M