Genting Malaysia Berhad: An Attractive Investment Despite Negative FCF & Rising Financial Leverage
Genting Malaysia Bhd (GENM MK) is a 49.3% subsidiary of Genting Bhd (GENT MK), whose flagship property - Resorts World Genting (RWG) in Malaysia -...
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Should Genting's Voracious Global Appetite for Expansion Trigger a Blinking Caution Light?
Genting Berhad has become the most geographically active developer of integrated resorts in more jurisdictions than any of its peers. It's in the...
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Field Trip Series: Viva Vegas (Including Implications for Macau Gaming)
Our field trip to Las Vegas suggests a vibrant, lively entertainment city. Downtown Las Vegas, not the Strip, is the key positive surprise in that...
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The Week That Was in NorthAsia@Smartkarma: Rights Offering, Kosmetics, Gaming & Samsung
As usual, we weren't short of interesting Japan/Korea stories last week. Hyundai Heavy Group issued a massive right offering, and also Toshiba-WD...
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Paradise - Valuation Sensitivity Analysis (Part 2)
We are negative on Paradise Co Ltd (034230 KS) at current levels. Our base case valuation for the company is 13,500 won, which is 12% below...
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