CHOO SWEE KEE
TA Investment Management Bhd Stock pick: Genting Malaysia Bhd
GENTING Malaysia Bhd (GenM) embarked on its RM10.4bil Genting Integrated Tourism Plan (GITP) two years ago, which will see the hilltop location getting a facelift with a new 20th Century Fox theme park, refurbished hotel rooms, a new 250-suite premium hotel, a shopping centre (Sky Avenue) and a high-speed cable car system. Previously, many had regarded GenM’s assets as being on the matured side, with a jaded theme park and rather old hotel rooms. TA Investment, however, opines that GenM deserves a relook in 2017 after being out of favour with investors, as the GITP should provide it with a major rerating catalyst.