Genting Bhd. Remains 'Credible Proxy' for Recovery in Chinese Tourist Arrivals -- Market Talk

Dow Jones2023-08-03

0332 GMT - Genting Bhd. remains a "credible proxy" for a recovery in Chinese tourist arrivals in Malaysia and Singapore, CGS-CIMB analyst Chong Tjen-San says in a note. Chinese tourists are expected to represent 71%-75% of the 2023-2024 Ebitda of Genting Malaysia and Genting Singapore, Chong says. He reckons Genting's share-price discount to its listed subsidiaries may narrow amid improving tourist arrivals. Chong cuts 2023 core EPS estimates for Genting by 1.2%, but raises his 2024-2025 forecasts by 17% and 16%, respectively, to factor in forecast changes for Genting Malaysia and Genting Singapore. CGS-CIMB cuts its target price for Genting to MYR6.95 from MYR7.35, while keeping its add rating. Shares are 0.2% higher at MYR4.20. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

August 02, 2023 23:32 ET (03:32 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Huat1333
2023-08-04
Huat1333
The more the forecast, the more lower it go......[Grin] [Grin] [Cool] [Cool] [Cool]

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2356195308?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-03 11:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2356195308","market":"us","top_or_hot":-1,"title":"Genting Bhd. Remains 'Credible Proxy' for Recovery in Chinese Tourist Arrivals -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0332 GMT - Genting Bhd. remains a \"credible proxy\" for a recovery in Chinese tourist arrivals in Malaysia and Singapore, CGS-CIMB analyst Chong Tjen-San says in a note. Chinese tourists are expected to represent 71%-75% of the 2023-2024 Ebitda of Genting Malaysia and Genting Singapore, Chong says. He reckons Genting's share-price discount to its listed subsidiaries may narrow amid improving tourist arrivals. Chong cuts 2023 core EPS estimates for Genting by 1.2%, but raises his 2024-2025 forecasts by 17% and 16%, respectively, to factor in forecast changes for Genting Malaysia and Genting Singapore. CGS-CIMB cuts its target price for Genting to MYR6.95 from MYR7.35, while keeping its add rating. Shares are 0.2% higher at MYR4.20. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 02, 2023 23:32 ET (03:32 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Genting Bhd. Remains 'Credible Proxy' for Recovery in Chinese Tourist Arrivals -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGenting Bhd. Remains 'Credible Proxy' for Recovery in Chinese Tourist Arrivals -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-03 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0332 GMT - Genting Bhd. remains a \"credible proxy\" for a recovery in Chinese tourist arrivals in Malaysia and Singapore, CGS-CIMB analyst Chong Tjen-San says in a note. Chinese tourists are expected ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999004360.SGD","symbol_name":"Nikko AM Shenton Thrift Fund SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2356195308","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2356195308","pubTimestamp":1691033520,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0332 GMT - Genting Bhd. remains a \"credible proxy\" for a recovery in Chinese tourist arrivals in Malaysia and Singapore, CGS-CIMB analyst Chong Tjen-San says in a note. Chinese tourists are expected to represent 71%-75% of the 2023-2024 Ebitda of Genting Malaysia and Genting Singapore, Chong says. He reckons Genting's share-price discount to its listed subsidiaries may narrow amid improving tourist arrivals. Chong cuts 2023 core EPS estimates for Genting by 1.2%, but raises his 2024-2025 forecasts by 17% and 16%, respectively, to factor in forecast changes for Genting Malaysia and Genting Singapore. CGS-CIMB cuts its target price for Genting to MYR6.95 from MYR7.35, while keeping its add rating. Shares are 0.2% higher at MYR4.20. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","G13.SI":"云顶新加坡","BK6066":"赌场与赌博","BK6505":"周期性消费品与消费者服务","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC"},"translate_title":"云顶有限公司。仍是中国游客数量复苏的“可靠代表”——市场对话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"G13.SI":0.9},"content_text":"0332 GMT - Genting Bhd. remains a \"credible proxy\" for a recovery in Chinese tourist arrivals in Malaysia and Singapore, CGS-CIMB analyst Chong Tjen-San says in a note. Chinese tourists are expected to represent 71%-75% of the 2023-2024 Ebitda of Genting Malaysia and Genting Singapore, Chong says. He reckons Genting's share-price discount to its listed subsidiaries may narrow amid improving tourist arrivals. Chong cuts 2023 core EPS estimates for Genting by 1.2%, but raises his 2024-2025 forecasts by 17% and 16%, respectively, to factor in forecast changes for Genting Malaysia and Genting Singapore. CGS-CIMB cuts its target price for Genting to MYR6.95 from MYR7.35, while keeping its add rating. Shares are 0.2% higher at MYR4.20. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 02, 2023 23:32 ET (03:32 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":205221104705776,"gmtCreate":1691112227361,"gmtModify":1691112231832,"author":{"id":"3559014783889591","authorId":"3559014783889591","name":"Huat1333","avatar":"https://community-static.tradeup.com/news/a4c138e1ce20043d7996468a91a225ac","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":7,"crmLevelSwitch":1,"idStr":"3559014783889591","authorIdStr":"3559014783889591"},"htmlText":"The more the forecast,&nbsp; the more lower it go......[Grin]&nbsp;[Grin]&nbsp;[Cool]&nbsp;[Cool]&nbsp;[Cool]&nbsp;","listText":"The more the forecast,&nbsp; the more lower it go......[Grin]&nbsp;[Grin]&nbsp;[Cool]&nbsp;[Cool]&nbsp;[Cool]&nbsp;","text":"The more the forecast, the more lower it go......[Grin] [Grin] [Cool] [Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/205221104705776","repostId":2356195308,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2356195308"}