Jan 15 2007
Genting Berhad (KLSE : GENTING, stock-code 3182) and its subsidiary Resorts World Berhad (KLSE : RESORTS, stock-code 4715), whose share prices have gained in recent months, have proposed a share split of their 50 sen shares into five 10 sen shares each. Genting and Resorts World said today, 15-Jan-2007, that the share split would not have a direct impact on the companies’ market capitalization but would accordingly reduce their market price to one-fifth of that before the share split.
This is a good news as more investors would be able to trade/own these two heavyweights since theoretically the stocks price will be reduced to 20% of what it were trading now.As of 31-Dec-2006, Genting has 738.7 million shares 
while Resort World’s has 1.09 billion shares floated in Bursa Malaysia (KLSE). Upon completion of this share-split, Genting will have 3.69 billion shares whereas Resort World’s will have 5.47 billion shares trading in Kuala Lumpur Stock Exchange.
while Resort World’s has 1.09 billion shares floated in Bursa Malaysia (KLSE). Upon completion of this share-split, Genting will have 3.69 billion shares whereas Resort World’s will have 5.47 billion shares trading in Kuala Lumpur Stock Exchange.In United States, a share-split normally shows a particular stock is doing well and normally the stock price will be on uptrend towards the date of share-splits take effect. I believe both stocks will have the same uptrend pattern.
# TIP: These two stocks are amongst the best performing companies for long-term investment. Besides, the management is proven with its’ strong casino business growth (recently won the Singapore Sentosa project) and strong fundamental.
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January 15th, 2007 by financetwitter
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