Broker Name: Maybank Investment Bank Berhad
Date of Report: October 14, 2025
Excerpt from Maybank Investment Bank Berhad report.
- Genting Malaysia (GENM) received a voluntary takeover offer (VTO) from Genting Berhad (GENT) at MYR2.35/share, but Maybank believes this offer undervalues GENM, especially considering potential catalysts like Miami land revaluation and a possible New York casino license win.
- Maybank upgrades GENM to BUY with a higher target price of MYR2.97, highlighting that investors should not accept the current VTO as the fair value could reach up to MYR3.28 if all positive scenarios materialize.
Report Summary
- GENT offers to acquire GENM at MYR2.35/share, a 21% premium to prior target but below potential fair value.
- Maybank raises target price to MYR2.97 on revaluation potential for Miami land and New York casino license win; advises investors not to accept current offer.
above is an excerpt from a report by Maybank Investment Bank Berhad. Clients of Maybank Investment Bank Berhad can be the first to access the full report from the Maybank Investment Bank Berhad website : www.maybank.com/investment-banking