Stocks In Focus MY Telco Outlook, GENM (4715), YONGTAI (7066) – 05/12/14
GENM (4715), YONGTAI (7066)
Healthy Forecast For Telcos In 2015
The telecommunication industry is forecasted to be healthy and expected to enjoy 4.8 percent overall revenue growth next year, according to AllianceDBS Research.
The research house stated that the growth in data, amid stable competition among the top three players, Telekom Malaysia, Axiata Group and DiGi.com is expected to help boost the growth.
Furthermore, there is also the positive impact from the pass-through of the service tax to pre-paid subscribers when the goods and services tax is implemented in April 2015.
Significance: AllianceDBS has chosen DiGi.com as its top pick for the sector, noting that it is likely to perform better in 2015, given that it has the highest percentage of revenue generated from prepaid subscribers as compared to peers. The group also has the lowest gearing among Malaysian telcos.
Genting M’sia To Finish New Theme Park In 2016
Genting Malaysia expects to complete by 2016 the world’s first Twentieth Century Fox World theme park by 2016 at a cost of about RM1 billion. Adding that a new hotel and cable-car station will also be completed in the next two years.
The group is currently embarking on its RM5 billion Genting Integrated Tourism Plan, and aims to attract some 26 million local and foreign tourists in 2018, increasing to 30 million by 2020.
The company’s chief operating officer Datuk Seri Lee Choong Yan stated that the company’s goal is to develop a mall with distinctive and energetic retail environments that create a great sense of excitement and differentiated experiences for local and foreign tourists alike.
Significance: In a separate report, CIMB Equities Research kept Genting Malaysia as its top pick in the gaming sector, noting that investors should take advantage of the recent price dip to accumulate the stock ahead of a potential New York casino decision on 17 December.
Yong Tai In JV For Proposed Mixed Development In Melaka
Yong Tai’s subsidiary, YTB Apple, together with Apple 99 Development, has proposed a joint venture (JV) to construct and develop a mixed development project on an 11,862 square metres plot of land in the district of Melaka Tengah, Melaka, Malaysia.
The development would include a 16-storey four-star luxury hotel with 284 hotel rooms known as Courtyard by Marriott and a 32-storey block of service apartments with 361 units.
The combined gross development cost of both properties is RM280.1 million and completion for the project is expected in end 2017.
Significance: The proposed JV project is Yong Tai’s second property development. As its first project is nearing completion, the JV is expected to support and contribute to the firm’s future revenue while the hotel component would provide stable recurring income.
http://www.sharesinv.com
GENM (4715), YONGTAI (7066)
Healthy Forecast For Telcos In 2015
The telecommunication industry is forecasted to be healthy and expected to enjoy 4.8 percent overall revenue growth next year, according to AllianceDBS Research.
The research house stated that the growth in data, amid stable competition among the top three players, Telekom Malaysia, Axiata Group and DiGi.com is expected to help boost the growth.
Furthermore, there is also the positive impact from the pass-through of the service tax to pre-paid subscribers when the goods and services tax is implemented in April 2015.
Significance: AllianceDBS has chosen DiGi.com as its top pick for the sector, noting that it is likely to perform better in 2015, given that it has the highest percentage of revenue generated from prepaid subscribers as compared to peers. The group also has the lowest gearing among Malaysian telcos.
Genting M’sia To Finish New Theme Park In 2016
Genting Malaysia expects to complete by 2016 the world’s first Twentieth Century Fox World theme park by 2016 at a cost of about RM1 billion. Adding that a new hotel and cable-car station will also be completed in the next two years.
The group is currently embarking on its RM5 billion Genting Integrated Tourism Plan, and aims to attract some 26 million local and foreign tourists in 2018, increasing to 30 million by 2020.
The company’s chief operating officer Datuk Seri Lee Choong Yan stated that the company’s goal is to develop a mall with distinctive and energetic retail environments that create a great sense of excitement and differentiated experiences for local and foreign tourists alike.
Significance: In a separate report, CIMB Equities Research kept Genting Malaysia as its top pick in the gaming sector, noting that investors should take advantage of the recent price dip to accumulate the stock ahead of a potential New York casino decision on 17 December.
Yong Tai In JV For Proposed Mixed Development In Melaka
Yong Tai’s subsidiary, YTB Apple, together with Apple 99 Development, has proposed a joint venture (JV) to construct and develop a mixed development project on an 11,862 square metres plot of land in the district of Melaka Tengah, Melaka, Malaysia.
The development would include a 16-storey four-star luxury hotel with 284 hotel rooms known as Courtyard by Marriott and a 32-storey block of service apartments with 361 units.
The combined gross development cost of both properties is RM280.1 million and completion for the project is expected in end 2017.
Significance: The proposed JV project is Yong Tai’s second property development. As its first project is nearing completion, the JV is expected to support and contribute to the firm’s future revenue while the hotel component would provide stable recurring income.
http://www.sharesinv.com
