Genting Berhad

Date announced 26/08/2010
Quarter 30/06/2010 Qtr 2
FYE 31/12/2010

STOCK GENTING
C0DE  3182 

Price $ 10.16 Curr. ttm-PE 23.64 Curr. DY 0.71%
LFY Div 7.20 DPO ratio 25%
ROE 11.5% PBT Margin 39.0% PAT Margin 18.1%

Rec. qRev 4085070 q-q % chg 31% y-y% chq 94%
Rec qPbt 1593130 q-q % chg 696% y-y% chq 179%
Rec. qEps 20.00 q-q % chg 218% y-y% chq 245%
ttm-Eps 42.98 q-q % chg 49% y-y% chq 496%

Using VERY CONSERVATIVE ESTIMATES:
EPS GR 5% Avg.H PE 17.00 Avg. L PE 15.00
Forecast High Pr 9.33 Forecast Low Pr 6.89 Recent Severe Low Pr 6.89
Current price is at Upper 1/3 of valuation zone.

RISK: Upside -34% Downside 134%
One Year Appreciation Potential -2% Avg. yield 1%
Avg. Total Annual Potential Return (over next 5 years) 0%

CPE/SPE 1.48 P/NTA 2.71 NTA 3.75 SPE 16.00 Rational Pr 6.88


Decision:
Already Owned: Buy Hold Sell Filed Review (future acq): Filed Discard: Filed
Guide: Valuation zones Lower 1/3 Buy Mid. 1/3 Maybe Upper 1/3 Sell

Aim:
To Buy a bargain: Buy at Lower 1/3 of Valuation Zone
To Minimise risk of Loss: Buy when risk is low i.e UPSIDE GAIN > 75% OR DOWNSIDE RISK <25%
To Double every 5 years: Seek for POTENTIAL RETURN of > 15%/yr.
To Prevent Loss: Sell immediately when fundamentals deteriorate
To Maximise Gain & Reduce Loss: Sell when CPE/SPE > 1.5, when in Upper 1/3 of Valuation Zone & Returns < 15%/yr