Good question @wsk20... I think the stock will remain sideways in the near term until there's clarity on the opening date of Genting Malaysa's themepark.

I believe the overhang from $GENTING / 3182 (GENTING BERHAD) has had alot of link to $GENM / 4715 (GENTING MALAYSIA BERHAD). The key issue is the actual launch date of the theme park "The Group expects to roll out the much anticipated Twentieth Century Fox World Theme Park as well as the new indoor theme park in 2018" however many are suggesting that it could be delayed.

Another overhang is the possible introduction of gaming tax. With the Malaysia debt according to new finance minister are like in trillions, this is an easy target to plug that hole.

With that in mind, these are the catalyst on how the share price can move upwards:

1) NAV Discount below the mean discount for the year. According to my personal calculation on the company's of discount to NAV, it's currently hovering at 12 months low and is 7% below its mean discount to NAV for the year.

2) Genting Singapore $SGX-G13 had 20% increase in Q1 18 earnings had its FY 18E earnings lifted up too.

3) Genting Malaysia is undervalued! and that once their theme park is finally finished (after masive cost and time overrun), the real earnings power of this company will be significantly higher.

Overall, I think Genting is a good medium term investment. The share should show its true colors in 2019.