Broker Name: CGS International
Date of Report: October 13, 2025
Excerpt from CGS International report.
Report Summary
- Genting Berhad (GENT) launched a voluntary takeover offer for Genting Malaysia (GENM) at RM2.35/share, aiming to increase its stake beyond the current 49.4%, though full privatisation appears unlikely due to most shareholders sitting on paper losses.
- The offer price represents a notable premium over GENM’s recent prices and consensus targets, but would be EPS dilutive for GENT; nonetheless, the broker maintains an “Add” rating and target price of RM3.57, seeing GENT as a credible proxy for tourism recovery in Malaysia and Singapore.
above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website : https://www.cgs-cimb.com/en/home
