CGS International, October 13, 2025
Excerpt from CGS International report.
Report Summary
- Genting Malaysia (GENM) has received a conditional voluntary takeover offer from Genting Berhad (GENT) at RM2.35/share, representing a premium to current and consensus prices. GENT aims to privatise GENM due to its undervaluation and recent weak performance.
- The broker recommends investors accept the offer as it provides a good opportunity to exit, given GENM’s weaker earnings growth outlook, higher expected operating and capital expenditures, reduced dividends, and the risk that privatisation may not be successful if shareholders hold out for better prospects.
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