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

《+1财经》赌牌路费小药丸 能救下云顶吗

https://m.youtube.com/watch?v=0qnp-o2rDyY

Here’s a rough estimate of how many vehicles (excluding motorcycles) may have travelled up to Genting Highlands during 2024, based on available visitation and traffic assumptions:

Steps & assumptions

1. The resort at Genting Highlands reportedly attracts 20-22 million visitors per annum.

2. Let’s assume that on average, each vehicle (excluding motorcycles) carries about 2.5 persons (this is an assumption – actual number may vary depending on families/tour groups)

3. Assume that of all visitor trips, say 80% arrive by vehicle (car, taxi, bus) and the rest by other means (e.g., cable car, bus, public transport).

4. Then:

Total visitor trips ~ say 20 million.

80% via vehicle → 16 million people arriving in vehicles.

If each vehicle carries 2.5 people → about 16 m ÷ 2.5 = 6.4 million vehicle entries for the year.

5. Given possibility of return trips / reuse of vehicles, we’ll treat “entries up the hill” as our count.

6. To account for margin of error (people per vehicle could be 2-4, vehicle share 70-90%) we might give a range.


Estimated range

Taking the above into account:

average 2 people/vehicle → 20m × 90% = 18m people by vehicle → ÷ 2 = ~ 9.0 million vehicles

So a reasonable mid-estimate: ~9 million vehicles travelled up Genting Highlands in 2024 (excluding motorcycles)

So, assume the toll fee is RM5 per vehicle (for 2 ways) :
9mil x RM5 = RM45 mil per annum to Genting Berhad coffers

Malaysian casino and theme park operator Genting Malaysia announced on Nov 13 that vehicles entering popular tourist destination Genting Highlands are set to be charged a private toll fee, without revealing the starting date or amount of the charge.

Vehicles entering Jalan Genting Highlands will be charged a toll fee, Genting said in a news release that was first reported by Malaysian news agency Bernama.

The private road allows motorists to access Resorts World Genting and other destinations in the mountainous terrain popular with domestic and foreign tourists.

Very good write up by I AM LEGEND

? Why Genting Berhad share price is going up today??

Genting Berhad’s share price spiked because of a mix of strong positive factors — both from the market outlook and from technical indicators that show investors are getting more confident.


? 1️⃣ Feel-good factors boosting investor confidence

US Federal Reserve cut interest rates several times this year, making borrowing cheaper and encouraging global investors to buy into strong companies like Genting.

Ringgit strengthened against the US dollar, which benefits Genting because many of its big earnings (from Resorts World Las Vegas and New York) are in US dollars. When the USD earnings are converted to Ringgit, the company’s real profit in RM looks higher.

Tourism and gaming recovery is strong across Asia — Singapore, Malaysia, and the US are seeing more travellers and higher spending. This lifts Genting’s casino and resort business revenue.

New growth drivers ahead — Genting has large undeveloped land around its Las Vegas resort, major upgrades at Resorts World Sentosa 2.0 in Singapore, and steady progress toward the New York full-casino license (a huge potential profit catalyst).

Together, these feel-good stories make investors believe Genting’s future looks bright, which pushes the share price higher.


? 2️⃣ Technical indicators turning bullish

Even on the technical side, Genting’s chart looks strong:

MACD (Moving Average Convergence Divergence) — the MACD line has crossed above the signal line and is moving upward. This is a classic sign that buying momentum is growing.

DMI (Directional Movement Index) — the positive DMI (+DI) is climbing above the negative DMI (–DI), showing buyers are now clearly stronger than sellers.

Both indicators together suggest a bullish trend, meaning more traders expect prices to continue rising in the near term.


? 3️⃣ What this means in simple words

Genting Berhad is riding on strong fundamentals, improving global conditions, and positive technical momentum.
Investors are more confident, more funds are flowing in, and short-term traders see clear “buy signals” on the chart — all combining to lift the share price sharply today.

Take a look at....

USD/MYR rate of ~ 1 USD = MYR 4.159637 and assuming the rate moves from a weaker MYR (say USD = MYR 4.30) to the stronger rate, we can estimate potential savings/gains for USD-denominated debt.

GENM Estimate

If GENM has USD 2.89 billion long‐term debt:

At USD = MYR 4.30 → MYR equivalent = 2.89 billion × 4.30 = MYR 12.427 billion

At USD = MYR 4.159637 → MYR equivalent = 2.89 billion × 4.159637 = MYR 12.030 billion

Difference = ~ MYR 397 million

So because of the rate move, GENM could have ~ MYR ≈ 400 million reduction in the MYR equivalent debt cost (or potential translation benefit) assuming all debt is USD and no hedging etc.

Given they already posted ~RM 601.8 million gain in one quarter, this ballpark seems reasonable.

Genting Berhad Estimate

If Genting Berhad has USD 9.05 billion debt:

At 4.30 rate → MYR 9.05b × 4.30 = MYR 38.915 billion

At 4.159637 rate → MYR 9.05b × 4.159637 = MYR 37.639 billion

Difference = ~ MYR 1.276 billion

So for the parent company, the beneficial impact from the rate move could be around MYR ≈ 1.3 billion in favourable translation/servicing cost terms.


✅ Summary

GENM: ~ MYR 400 million potential gain from rate movement under the assumptions.

Genting Berhad: ~ MYR 1.3 billion potential gain under similar assumptions.

Worth reading

Resorts World Las Vegas has 40 acres of undeveloped land

The site is located on the northern end of the Las Vegas Strip and is seen as a major opportunity for future development given its size, prime location and the fact that much of the surrounding north Strip has been under-developed historically.

Here are some of the key speculative concepts being floated in the market and in media commentary:

Additional hotel towers / room capacity – Since RWLV is “entitled for up to 10,000 rooms”, one obvious expansion path is the construction of more hotel towers beyond the current room count. (RWLV currently has ~3,500 rooms).

Entertainment / sports arena – In commentary about the north Strip, one of the “game-changer” ideas mentioned is a sports arena (15,000-20,000 seats) that could anchor traffic. RWLV’s land is specifically cited as a potential landing spot for such an arena.

Mixed-use development – Mixed uses such as retail, restaurants, entertainment venues, perhaps office or other non-casino amenities are very likely given the large land holdings.

1️⃣ Ringgit

Strengthening to RM 4.17 per USD — GOOD NEWS
Genting Berhad holds USD-denominated debt, especially for Resorts World Las Vegas (RWLV).

When the Ringgit strengthens, the value of that USD debt shrinks in Ringgit terms.
→ Lower reported gearing, lower interest expense in Ringgit.

It also boosts the group’s net-asset position (RM debt looks smaller vs USD assets).

✅ Net impact: Stronger Ringgit = lower leverage + healthier balance sheet = POSITIVE.


2️⃣ US Federal Reserve Rate Cut — GOOD NEWS

Genting Berhad’s USD loans (especially in the U.S.) are often floating-rate linked to LIBOR/SOFR.
→ When Fed cuts rates, Genting’s interest burden drops immediately.

Lower U.S. rates also:

Stimulate travel, consumption and gaming spend in the U.S. (helping RWLV).

Support global equity sentiment and tourism recovery.

Improve asset valuations (esp. for its large U.S. property and resort assets).

✅ Net impact: Cheaper financing + stronger visitor spending = POSITIVE.

? Conclusion
> Genting Berhad enjoys two independent tailwinds:
① Ringgit appreciation (balance-sheet benefit)
② Fed rate cut (financing & demand benefit)

Together, these form a double good-news catalyst for Genting Berhad’s earnings outlook and valuation.

A compelling read!!!
A powerful perspective that changes how you see Genting Berhad

?? GENTING BERHAD — ALIGNING WITH AMERICA’S NEXT GREAT ECONOMIC RENAISSANCE

A Malaysian Powerhouse Poised to Ride the Next Wave of U.S. Growth

When history rhymes, fortunes are made. Genting Berhad — Malaysia’s global entertainment and leisure conglomerate — is quietly positioning itself at the center of what may become the most lucrative international alignment of the decade: the revival of U.S. growth and pro-business policy under Donald Trump’s economic vision.

While most regional corporations hesitate amid global uncertainty, Genting has been executing an audacious long-term plan — investing billions of dollars across America’s strategic entertainment and tourism corridors. This is not coincidence. It’s calculated alignment with a U.S. policy environment that rewards infrastructure, job creation, tourism, and hospitality — the very sectors Genting dominates.

?? 1️⃣ From the Strip to the Skyline — Building America’s Next Icons
Genting Berhad has already proven its global calibre through Resorts World Las Vegas, a US$4.3 billion marvel that redefined the North Strip when it opened in 2021. Today, it stands as one of the largest integrated resorts ever built by an Asian company in the United States — a 3,500-room destination employing thousands of Americans and drawing millions of tourists annually.

The project’s success did not go unnoticed in Washington. Genting’s ability to deliver a world-class asset during a period of global turbulence perfectly matched Trump’s long-standing emphasis on “Made in America jobs, built by global partners who believe in America.”

Now, Genting is scaling that success to the East Coast.

?️ 2️⃣ The US$5.5 Billion New York Vision
The next chapter unfolds in New York City, where Genting’s subsidiary — Resorts World New York City (RWNYC) — is preparing to invest US$5.5 billion in expanding its Queens property into a full-scale integrated casino resort, pending the state’s issuance of full gaming licenses.

With MGM and Wynn having exited the race, Genting stands as a front-runner. The proposed expansion aligns perfectly with Trump-era priorities:

Urban revitalization, transforming Queens into a tourism engine.

Massive job creation, potentially exceeding 5,000 local hires.

Infrastructure investment, strengthening U.S. capital inflows and construction.

Such a move situates Genting not just as an operator but as a long-term stakeholder in America’s economic regeneration.

云顶集团（Genting Berhad）—— 马来西亚沉睡的巨人即将苏醒！

“当历史重演，财富随之诞生。”

? 全球综合企业即将迎来价值大爆发

当大多数投资者仍在追逐短线题材时，真正有眼光的专业资金正在默默吸纳同一支股票——云顶集团（Genting Berhad, 3182）。

多年来，云顶集团的股价长期被低估，远远低于其真实净资产价值。
根据最新估算，云顶的每股净资产（NTA）已超过RM11.00，若按最新资产重估，潜在净值更可高达RM13.80。

然而，2026年将不再是平凡的一年。
那将是所有云顶业务引擎——博彩、能源、生技、地产、旅游——全面启动的一年，一个新黄金时代的起点。

? 1️⃣ 历史不会说谎——圣淘沙蓝图再度重演

在赢得新加坡圣淘沙综合度假村牌照之前，
云顶集团悄然私有化云顶新加坡、完成内部重组，
随后震惊全球，夺下新加坡最具含金量的博彩执照。

如今，同样的剧本再次上演：
云顶集团正在执行同样的胜利方程式——
私有化云顶马来西亚、整合所有美国业务，
并以唯一具备全面运营能力的集团身份迎接纽约州全赌场牌照。

历史正在重演。
而每一次重演，云顶的股东都是最终赢家。

? 2️⃣ 纽约大奖——价值数十亿美元的执照

全球焦点正集中在纽约州博彩委员会。
几乎所有可靠消息来源都指向同一个领跑者：云顶。

云顶早已经营 Resorts World New York City 超过十年，拥有良好的税务纪录与社会信誉。

MGM 已退出竞争，Wynn 宣布撤回，Bally’s 面临资金压力。

剩下的，唯有云顶是唯一拥有完整基础设施与运营经验的候选者。

一旦获批，该牌照将立即把云顶美国业务转化为美元现金引擎，
年 EBITDA 预计可超 10亿美元，
集团估值将攀上马来西亚企业史上前所未见的高度。

? 3️⃣ 静默的现金帝国——云顶马来西亚

当市场仍在讨论短线波动时，
云顶马来西亚（GENM） 已在背后稳稳地贡献着巨额现金流与稳定利润。

一旦完成私有化，其所有盈利将完全汇入母公司云顶集团：

✅ 合并后盈利大幅上升

✅ 每股盈利（EPS）与净资产（NTA）显著提高

✅ 架构更简单、折价更少、估值更高

这已非传闻，而是集团长期战略的必然步骤。

即便是空头也已察觉——
他们已迅速回补超过 2,000万股 空仓，
从3,280万股降至仅1,160万股。
当空头退场，意味着聪明资金正进场。

? 4️⃣ 全球版图扩张——从拉斯维加斯到伦敦

云顶过去几年持续低调布局：

扩大对*Resorts World Las Vegas（价值43亿美元）*的持股。

收购更多英国赌场资产，为未来的 “Genting UK” 上市打基础。

整合 Empire Resorts，为成立 “Genting USA” 做准备，未来有望在道琼斯或纳斯达克上市。

亚洲、美国、英国——三大市场的利润引擎，即将全面协同，
形成全球性价值网络。

⚡ 5️⃣ 隐藏的宝藏——数十亿资产待释放

市场长期忽略了云顶手中的隐藏价值：

?️ 迈阿密海滨地块： 估值 RM4.5–RM5.0亿令吉，具备变现潜力。

? FLNG浮式液化天然气项目： 预计2026年起开始贡献稳定美元收入。

? 发电资产： 准备独立上市，可释放数十亿隐藏市值。

? Taurex项目： 预计2026年获批，标志云顶正式进军生技与新能源领域。

每一项都是强劲催化剂，
但若全部同时启动——将彻底重塑云顶集团的估值底线。

? 6️⃣ 财务实力雄厚——现金充足、资产稳健

云顶的故事并非梦想，而是现金支持的现实。

拥有超过RM200亿现金与流动资产。

负债水平温和，收入来源多元（USD、SGD、GBP、MYR）。

马来西亚、新加坡、美国、英国多地持续现金流入。

云顶不是被动防守者，而是能在任何经济周期中逆势成长的赢家。

? 7️⃣ 估值重评浪潮即将来临——RM3 → RM9+

以目前股价（RM3–RM4）计算，
云顶仅以真实价值的三分之一在交易。

一旦私有化落实、纽约执照公布，
市场将迅速重估其价值，
目标价有望冲向 RM8–RM9，
若美国上市计划实现，RM10+ 亦非梦。

这并非空想，而是数字逻辑的必然结果：
市场无法忽视 NTA RM11+（甚至RM13.80） 与全球利好齐发的现实。

? 8️⃣ 投资者梦寐以求的完美布局

✅ 全球催化剂齐发
✅ 资产负债稳健
✅ 战略路线清晰
✅ 空头大规模回补
✅ 资产变现在即
✅ 管理层过往成功记录可靠

所有伟大的行情，都是从“不被相信”开始的。
而现在——我们正站在这个关键时刻。

? 2026：云顶的伟大觉醒之年

2026年，云顶将不再只是马来西亚的故事，
而是一个横跨全球的传奇。
从纽约到拉斯维加斯，从迈阿密到云顶高原，
品牌、资产与动能将汇聚成一股不可阻挡的力量