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Based on today closing Genting value at RM12 billion while GenM is RM11.8 billion. Holding company discount kaw kaw some more holding Genting Singapore, Gas and Power Operations, Plantation etc
Most welcome Cheng! We all hope for Genting glorious day to come back soon.. most probably 2026 or 2027 when Power and Gas division earning kick in and successful bid of New York licence.. but US5.5 billion not small amount to invest too.. like US4 billion+ in Las Vegas last time but New York potential higher.. it as been profitable since operations even without full scale casino license
Genting hold it all.. No matters is GenM, GenS, Las Vegas, Plantation or Oil, Power and Gas.. so decision in group as a whole although individual structural wise park under GenM like Kien Huat sold Empire to GenM also left hand to right hand.. hehe
If sold off Egypt and UK operations easily release US300 to US400 millions debts.. then can focus bidding New York license and no worry too high gearing. Focus improving Malaysia, Singapore and US good enough while monitor Thailand gaming license developments better.
Sell Egypt and Miami assets and focus on GenM, GenS and US New York and Las Vegas better la.. Middle East tension growing.. Egypt is next to Israel only
