Genting Berhad

Date announced 25/11/2010
Quarter 30/09/2010 Qtr 3 FYE 31/12/2010

STOCK GENTING C0DE  3182 

Price $ 10.4 Curr. ttm-PE 19.38 Curr. DY 0.69%
LFY Div 7.20 DPO ratio 25%
ROE 13.2% PBT Margin 36.3% PAT Margin 19.6%

Rec. qRev 3909209 q-q % chg -4% y-y% chq 63%
Rec qPbt 1418393 q-q % chg -11% y-y% chq 76%
Rec. qEps 20.72 q-q % chg 4% y-y% chq 106%
ttm-Eps 53.65 q-q % chg 25% y-y% chq 192%

Using VERY CONSERVATIVE ESTIMATES:
EPS GR 5% Avg.H PE 17.00 Avg. L PE 15.00
Forecast High Pr 11.64 Forecast Low Pr 6.20 Recent Severe Low Pr 6.20
Current price is at Upper 1/3 of valuation zone.

RISK: Upside 23% Downside 77%
One Year Appreciation Potential 2% Avg. yield 2%
Avg. Total Annual Potential Return (over next 5 years) 4%

CPE/SPE 1.21 P/NTA 2.57 NTA 4.05 SPE 16.00 Rational Pr 8.58



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


Stock Data: Recent Stock Performance:
Current Price (11/19/2010): 10.22
(Figures in Malaysian Ringgits)
1 Week 0.6% 13 Weeks -2.7%
4 Weeks 18.7% 52 Weeks 43.5%

Currency: Malaysian Ringgits Market Cap: 37,877,353,780
Fiscal Yr Ends: December Shares Outstanding: 3,706,199,000
Share Type: Ordinary Closely Held Shares: 684,598,840


Day's Range: 10.18 - 10.40
52wk Range: 6.20 - 10.82
Volume: 3,081,400
Avg Vol (3m): 7,254,500