Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Ya, nothing we can do. Hope they slowly consolidate selling non core assets, reducing debts, focus more on high margin gaming and diversify more contribution from Power and Gas division which both Indonesia LNG and China Power once commence could contribute to additional RM600 to RM700 million profit for Genting yearly by 2027
Ya, at least reduce debts level and improve working capital rather than keep require GemM injection. If able to divest Miami assets will be greater effects on GenM cash flow to focus expansion once successful bid for the New York full gaming license. Anyway, need time.
Seem selling the Empire non-gaming assets and use proceed to buy 1,554.6 acres land and repay US300 mil bond at 7.75% would save Empire yearly interest of US23mil+ and having surplus of US10 mil+ for working capital. Good sign to heading to more operational efficiency.
Ya agreed Cheng. Can't based on one valuation factor and technical indicator. For now seem below RM3 gain supports and rebound as mentioned gonna rebound during July or Aug month.. anyway, nothing is 100%, too much uncertainty and geopolitical factors including tariffs, war and etc
Not necessary holding company have great market cap on the son like YTLPower also higher than YTLCorp. However, as of today closing of GenM valued at RM12.2 bil, GenS at SGD9 bil, Genting Plantation of RM4.5 bil by percentage hold of these subsidiary companies which is 49%, 52.7% and 55% respectively taking into holding company discount and debts still undervalued. Yet count the oil, gas, power and potential of biotech.
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
