Posted by Cryptolover > 2024-05-12 12:11 | Report Abuse

good write up Dragon, no doubt the value of genting and genm is still underrepresented, but do u think the move towards more ESG friendly investing would slowly erode the potential ceiling of their valuations? because im seeing this trend even in other markets like wynn, LVS

Posted by dragon328 > 2024-05-12 12:59 | Report Abuse

Cryptolover, it is never easy for corporates to invest a lot in ESG, more so when ESG issues have been weaponised by certain parties against others, a good example is our palm oil products.

Genting Singapore has done its parts in ESG as highlighted by the sustainability statements given in its Q1 FY2024 quarterly report:

The Group published its FY2023 Sustainability Report, highlighting our achievements and progress towards
our Sustainability Master Plan 2030. In 2023, we achieved a 29% reduction in carbon emissions intensity
against a 2015 baseline and over $1.2 million in community investments. Equarius Hotel became the first
hotel in Singapore to achieve the WELL Certification at the Gold level, alongside WELL Health-Safety Rating
for the ten properties in the resort. The WELL certifications recognise our commitment to enhancing occupant
well-being through our buildings and practices. In March 2024, Hotel Ora was certified as BCA Green Mark
Platinum Super Low Energy in recognition of our efforts to consciously integrate sustainability principles in
our business.