Trading ideas: Genting, Genting Malaysia, CelcomDigi, Matrix Concepts, GPP Resources, FBG, Tuju Setia, Sunway REIT, T7 Global, Malpac, Asian Pac

TheStar Tue, Dec 02, 2025 08:33am - 3 months View Original


KUALA LUMPUR: Genting Bhd, Genting Malaysia Bhd, CelcomDigi Bhd, Matrix Concepts Holdings Bhd, GPP Resources Bhd, FBG Holdings Bhd, Tuju Setia Bhd, Sunway Real Estate Investment Trust (Sunway REIT), T7 Global Bhd, Malpac Holdings Bhd and Asian Pac Holdings Bhd are among the stocks to watch today.

Genting’s Resorts World was selected alongside Steve Cohen’s Citi Field project and Bally’s Bronx proposal as one of three winners for New York City’s downstate casino licences. Genting plans a US$7.5bil expansion at the Aqueduct racetrack in Queens and says hundreds of table games could be operational by March after final approval.

Separately, Genting now holds 73.13% of Genting Malaysia Bhd (GenM), or 4.14 billion shares (excluding treasury shares), after its RM2.35-per-share unconditional takeover offer closed at 5pm on Dec 1, 2025.

CelcomDigi has accepted spectrum assignments from the MCMC for the 1800MHz and 2600MHz bands, effective Nov 30, 2025. The telco paid RM292.5mil upfront and will make RM120mil in cumulative annual payments over the assignment periods.

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