The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo

Analysts see Genting Malaysia offer as low, say upside not priced into bid

Research houses say the RM2.35 offer fails to capture upside from New York casino licence and global expansion plans

Summarise
google-preferred-sourceAdd BT as a preferred source
Tan Ai Leng

Tan Ai Leng

Published Tue, Oct 14, 2025 · 11:58 AM
阅读简体中文版 (beta)
    • The proposed privatisation, one of Malaysia’s largest corporate exercises this year, would consolidate Genting’s gaming and hospitality assets under a single unlisted entity.
    • The proposed privatisation, one of Malaysia’s largest corporate exercises this year, would consolidate Genting’s gaming and hospitality assets under a single unlisted entity. PHOTO: BT FILE

    [KUALA LUMPUR] Shares of Genting Malaysia (GENM) and parent company Genting Bhd (Genting) rallied on Tuesday (Oct 14) on news of a massive buyout bid worth RM6.7 billion (S$2.1 billion) that could see the group’s crown jewel delisted from Bursa Malaysia.

    Analysts appear mixed on the price tag of RM2.35 apiece under the conditional voluntary takeover offer (VTO) by Genting to acquire the remaining 50.64 per cent or 2.87 billion shares in GENM that it does not already own.

    At first glance, the VTO price “appears a tad attractive”, said Maybank Investment Bank.

    MalaysiaGentingAseanAsia-Pacific

    TRENDING NOW

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    The company says the disputes do not cast significant doubt on its ability to continue as a going concern.

    Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes

    Under the Philippines’ new policy, up to four EV models will be provided with as much as 15 billion pesos each in fiscal support, in the form of tax payment certificates.

    Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry

    The planned DayOne data centre is expected to be the city-state’s first to feature on-site solid oxide fuel cell power generation.

    DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More