Analyst Research Report Snapshot

Title:

Company Update – Genting M’sia (ADD, maintain) - Home comforts

Price:

$46.00

Provider:

Affin Investment Bank

Date:

05 Jan 2014

Pages:

5

Type:

AcrobatPDF

Companies referenced:

GENM.KL

Available for Immediate Download
Summary:

A RM5bn expansion plan for Resorts World Genting Stepping into the next three years, GENM’s bread and butter Genting Highlands operations (78% of 9MFY13 EBITDA) is expected to drive earnings. Recently, the Group announced a RM5bn CAPEX plan to expand the resort and this is timely as regional competition intensifies. The proposal, coined the Genting Integrated Tourism Plan (GITP), involves the expansion of hotels, theme park and infrastructure. A Twentieth Century Fox World theme park is currently underway to replace the aged Genting theme park. There are also plans to build a 1,300-2,000 rooms capacity mid-level hotel. Further out, management could potentially be looking into: (1) adding premium lodging to attract growing Chinese punters (~ 15-20% of guests); (2) enhancing accessibility (cable car expansion); and (3) adding shopping options (potentially, setting up a Genting Premium Outlet at the hilltop resort).

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.