Genting Group Chairman and CEO Lim Kok Thay said, after the launch of RWLV in July 2021, the company would look at listing in the US sooner rather than later amid rising confidence in the US market and the launch of US$4.3 billion RWLV.
Lecanemab with potential brain swelling effect and even death can be approved by the FDA, why can't HMTM of TauRx with no obvious side effect?? If TauRx applies for Accelerated Approval from US FDA later this month, there should be no issue of getting approval by end 2023 or latest mid 2024, right?
Lecanemab is not getting full coverage by CMS, so will not be a drug for the mass market. Furthermore, it will market at US$26,500 per patient per year, so expensive!
If HMTM gets the approval, it can market at just US$10,000 per patient per year for the mass market. US alone has 6.5 million Alzheimer patients currently, there should not be a big problem for TauRx to get at least 15% of these mass market patients if marketed at US$10,000 per patient per year, or 60% discount to Lecanemab. Potential revenue will be: US$10,000 x 1.0 million = US$10 billion a year
When TauRx revenue is that big, then EBITDA margin would be as high as 50% like that of Pfizer, so TauRx would achieve EBITDA of US$5.0 billion a year, and Genting's share of profit would be US$1.0 billion a year!
TauRx would be valued at easily 6 x EBITDA or US$30 billion, double of the valuation in my article.
More good news than bad news. Q4 results going to be very good. Dividend very good. Las Vegas listing soon. TauRx. So just hold on. Accumulate more before too late.
1st batches of Chinese tourist arrived KLIA airport this morning. Genting Berhad has provided daily free buses from KL to Genting highland for all Chinese tourist.
Turbocharged Engine 1: Genting Singapore, transforming to RW 2.0, one of the world best resorts for tourists to check in.
Turbocharged Engine 2: Genting Malaysia, holding the monopoly casino business in Malaysia. With the opening of the new Skyworld theme park, will generate more profits to Genting.
Turbocharged engine 3: High palm oil price, bringing more profits to Genting Plantation and Genting Berhad.
Turbocharged Engine 4: High turnover of visitors to Genting premium outlets with higher parking rate and rental fees will bring higher profits to Genting Plantation/ Genting Berhad.
Turbocharged Engine 5: High oil and gas price will bring more profits to Genting berhad!
Turbocharged Engine 6: TauRx, awaiting FDA approval for Alzheimer treatment.
Turbocharged Engine 7: Genting Berhad is going to auction off Miami property, which it acquired in 2011 for US$236 million. This Miami property worth more than US$1000 million at current market value.
All in all, Genting is your Best of the best investment in 2023. Creme de la creme.
To all Genting shareholders, I wish you all, Happy Lunar New Year with zillion fruitful returns!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DestinyL
4,746 posts
Posted by DestinyL > 2023-01-06 11:46 | Report Abuse
Finally 4.70