If I force myself to pick ONLY ONE stock on Bursa Malaysia for maximum upside over the next ~3 years, putting risk–reward as the top priority, my answer is:
? Genting Berhad
Why Genting Berhad (not sentiment — pure logic)
1️⃣ Valuation is extremely compressed (margin of safety)
Trading ~RM3.00 vs NTA ~RM8+
Many core assets never revalued (land, casinos, power, plantations)
This is deep value + global assets, not a single-market company
➡️ Downside is limited, upside is asymmetric
2️⃣ Multiple hard catalysts within 3 years
Not “hope catalysts” — already visible / progressing:
? Resorts World New York (full casino economics coming through)
? Resorts World Genting tourism recovery + Visit Malaysia 2026
?? Resorts World Sentosa 2.0 (rolling earnings uplift)
? USD debt translation gain if RM stays strong
?️ Johor land + potential US land monetisation
? GENM optionality (2nd privatization / restructuring / dividends)
➡️ You are buying future earnings acceleration at yesterday’s price
3️⃣ Cash-generating, not story-driven
Casinos = daily cash
Power, plantations = annuity-style income
Genting does not rely on one single bet or tech fantasy
➡️ This matters in uncertain macro cycles
4️⃣ Owner-operator DNA
Controlled by Lim Kok Thay / Kien Huat
They think in 10–20 year cycles, not quarter to quarter
When value unlocks, it is decisive, not cosmetic
5️⃣ 3-Year realistic outcome (base case)
I am not pitching miracles — just normalization:
Scenario
Share Price
Conservative re-rating
RM4.50
Asset value recognition
RM5.50–6.00
Full cycle + catalysts
RM7.00+
➡️ 2x is realistic, not speculative
Why I did NOT pick banks / plantations / utilities
Banks: already well-owned, upside capped
Plantations: cyclical + political intervention risk
Utilities / telco: stable, but not “big margin profit”
You asked for ONE stock with BIG upside, not safest dividend.
Final Answer (clear & firm)
If the money were mine, with a 3-year horizon, I would choose Genting Berhad — and I would be patient, not emotional.
If you want, next I can:
? Give exact price zones for accumulation
? Rate downside risk % honestly
? Compare Genting vs Maybank / Tenaga / YTL one-by-one
Just tell me how deep you want to go