Genting and YTLP are the only top 2 stocks derive majority earning from Singapore. In additional to SGD strength, high USD rate also beneficial at lot to Genting

https://www.thestar.com.my/business/business-news/2024/02/07/singapore-dollar-rises-to-a-fresh-record-against-ringgit

Bruce Lee exhibition in Genting. The First Tour at Times Square Stage, SkyAvenue! Kongfu Genting Go Go Go

https://www.facebook.com/photo/?fbid=789848119850321&set=pcb.789848286516971

SGD = RM 3.55 is new record breaking. But, these exchange strength only can reflect in following Q result release in May later. Be patient to entitle coming dividend first by end of these month, and await for record breaking following Q next in May 2024

Courting down time for Genting to breakout RM 4.90 and RM 5.00 very soon

SGD = RM 3.55
USD = RM 4.76
Pound = RM 6.00

Dragon328

The segmental assets & liabilities already fully reflect for each business division and countries operation.

These revenue generated business liabilities is much lower than Genting as whole group as Genting holding itself also incur borrowing for other investment purpose which is still in infancy stage, such as upstream exploration gas, investment in pre clinical and clinical pharmaceutical, vacant landbank, investment in JV and other minority stake, and any other business which have yet to generate any revenue. In addition, genting also incur borrowing o solely raise cash deposit in preparation to seize future business opportunity as reflect its interest income form half of its interest expense

Dragon328

Genting US form largest assets for Genting = RM 25.8 billion, have smallest RM 1.5 billion liabilities

Genting Sing form second largest assets for Genting = RM 18.4 billion, also only small fraction of RM 1.76 billion is liabilities

Genting Malaysia form least assets RM 12 billion, but have highest liabilities RM 2.65 billion

Moving forward, GENTING Las Vegas may surpass GENM, become second contributor to GENTING as Las Vegas operation gradually reach optimal level operation and US currency strengthen further.

Dragon328

GENTING Las Vegas currently is third largest profit contributor to GENTING, about half of GENM earning. However, if take into account effective stake, GENTING Las Vegas is almost in par if compared to GENM as it is wholly own by GENTING, whereas, GENM is 50% own by genting

Once Genting Las legas reach optimal level operation, it will seek listing in NYEX as genting US to unlock these prime assets Genting will ultimate remain as holding company, control prime casino in various country under subsidiary namey GENM, GENS and GENUS

Bear in mind, Genting Las Vegas was built at cost USD 4.3 billion at time exchnge rate was USD = RM 4.00-4.30. Now, Genting Las Vegas have begin generate profit and exchange rate is at high RM 4.76, and if such rate is sustain and Genting las Vegas may seek earlier than expected to unlock Genting las vegas through IPO in New York exchange within 1-2 year time frame

https://www.youtube.com/watch?v=Cy_D6UA45AI

Under normal circumference, FDA normally take 6 month to review clinical data before granted approval for commercialize to market. Since the submission done in July last year, it is about time for FDA to grant approval very soon now

Other assets pending to unlock is investment in Taurx pharmaceutical product which already completed clinical trial and show positive outcome. Result already submitted since last midyear to FDA for commercial approval. Another prime assets is kasuri gas which is now at development stage with first gas expect in Q2 2026

https://www.upstreamonline.com/field-development/indonesian-chinese-pairing-eye-kasuri-prize/2-1-1579909

The major earning driver for Genting now if compared to 2019 is additional profit contributor from newly open Genting Las Vegas, at cost USD 4.3 billion, which is only just started to reap profit and higher momentum growth is expected when operation gradually towrad optimal level

In 2019 prepndemic time, Genting record average EPS 12sen-16sen per quarter and its reflected share price is at RM 6.50-RM 7.30. Therefore, if genting recovery is sustainable forward consecutively record EPS > 12sen, share price should recover back to above RM 6.50 these year very soon

In 2019, the annual global societal costs of dementia were estimated at US $1313.4 billion for 55.2 million people with dementia, corresponding to US $23,796 per person with dementia. Of the total, US $213.2 billion (16%) were direct medical costs, US $448.7 billion (34%) direct social sector costs (including long-term care), and US $651.4 billion (50%) costs of informal care.

Once secure FDA approval, Commercialize taurx is expect to worth USD 15 billion. As much USD 3 billion for GENTING 20%. These translate into RM 14 billion, form 73% of GENTING current entire market cap now.

Less and less China people invest in hard assets properties, more and more opt to enjoy life like short trip oversea for sight seeing and bet in exclusive area like GENTING casino in both Msia and Sing.

Genting Highlands The Las Vegas Of Malaysia!
https://www.youtube.com/watch?v=UKmhn4t82-E

China tourism increase 22x to Malaysia !!!!
China tourism increase 13x to Singapore !!!

https://www.sinchew.com.my/?p=5360741

Another new upcoming propeller earning growth for Genting is Gas, ready by Q2 20026

Genting is most laggard blue chip stock on bursa recovery journey. But, upcoming consecutive earning recovery will provide much needed momentum for Genting share price return back to pre pandemic level above RM 7

With new earning driver Genting Las Vegas USD 4.3 billion, continue post strength profit forward, it will added additional fuel to propel Genting above RM 8.

If Taurex manage to secure FDA approval for commeciallize, Genting share price should > RM 9

USD = RM 4.73
SGD = RM 3.54
Pound = RM 6.03

GENTING singapore, the largest profit contributor, share price continue strength upward, momentum should pass on the holding GENTING soon.

Genting also have plan to unlock value by seek listing Genting Las Vegas in New York exchange, retain it as holding company status

Newly open USD 4.3 billion Resorts World Las Vegas. These wholly own casino resort has emerge become the third largest earning contributor to Genting in less than 2 year operation.

If momentum persit, It could surpass local Genting Malaysia once reach optimum operation. Las Vagas now have surpass 1 million memberships after just 2 year operation

https://www.youtube.com/watch?v=pUlB_BlI3Gs

Sgd = RM 3.5385
USD = RM 4.7260
Pound = RM 6.0229

GENTING also I the midst to monetize it's 2.6 trillion cubic feet per day natural gas which expect to achieve first drop of gas in Kasuri Block by Q2 of 2026, allows the supply of 230 mmcfd of natural gas to the FLNG facility for 18 years, as well as another supply of 101 mmcfd of natural gas to an Ammonia and Urea plant to be built in West Papua, Indonesia for 17 years.

With these approvals, the Management of TauRx will engage discussion with potential investors and strategic investors with the hope of monetization opportunity.

TauRx Pharmaceutical Ltd (“TauRx”) is currently pursuing regulatory interactions and
submissions for HMTM. The UK Medicines & Healthcare products Regulatory Agency
(MHRA) has granted TauRx an Innovation Passport in May 2022 (prior to the release of
LUCIDITY data). The Innovation Passport is the first stage of the Innovative Licensing
and Access Pathway, which is intended to accelerate development and approval times,
facilitating access to new products and indications. As for the USA regulatory process,
the U.S. Food and Drug Administration (FDA), TauRx intends to continue its
engagement with the FDA. In parallel, TauRx continues to have strong key opinion
leaders engagement as it works towards its commercialisation strategy

sold at 2.09-2.11

Concentrate almost all capital to Genting, one stock for all exposure

sold back at 6.45-6.47, swap to genting

sold back at 32-32.5sen

Last batch accumulation completed

Accumulated more at 4.75-4.76

Genting current valuation has yet to fully reflect the recovery potential of both GenS and GenM, and wholly owe Resort world Las Vegas which just newly just open in 2021 at cost USD 4.3 biilion and have consecutively report increasing profitability now.

Just based on one subsidary GENS market cap already surpasses entire Genting. Genting currently trades at a 16% discount to the value of its stake in GenS.

Factual is GENTING market capitalization has historically traded at an average premium of 43% (as opposed to the current discount of 17%) relative to its effective stake in GenS over the past 10 years

Genting will be the top winner for big cap stock for year 2024 after so many year drag down behind

Genting Resorts World opened in June 2021 at a cost of $4.3 billion. It features 3 hotels, Las Vegas Hilton, Conrad Las Vegas, and Crockfords Las Vegas for a combine of 3.506 rooms.

https://www.youtube.com/watch?v=pUlB_BlI3Gs

sold first at 1.19

Genting stand to enjoy BIGGEST earning contribution from GENS + SGD strength
Genting stand to enjoy BIG earning contribution from GENTING Las Vegas + USD strength
Genting stand to enjoy BIG earning contribution from GENTING Malaysia and its UK/US subsidaires + Pound strength

sold tsh at 1.04, focus on jtiasa

bought genting at 4.74-4.75

added more at 2.05-2.07

sold back at 64-64.5sen

Factor affecting profitability are

1. CPO selling price
2. FFB production volume, like palm tree age profile
3. Cost production like fertilizer, economy of scale
4. USD currency
5. Competitor pricing like soybean
6. Exporter Gov policy on export quota, windfall tax rate
7. Application of Biodiesel in replacement fossil fuel rate
8. Importer especially EU policy on CPO import policy and certified green CPO

added more at 1.13

Based on Jtiasa current debt level, estimate Jtiasa will turn into net cash position by end of these year after take into account 20% dividend payout

Coming Q will declare first interim dividend, estimate 3sen. Full year dividend should be around 7-8sen based on estimated EPS 35sen-40sen

bought back msc at 2.01-2.05

All jtiasa palm tree are now at prime age production