https://theedgemalaysia.com/node/716113 "Genting president and chief operating officer Datuk Seri Tan Kong Han said SDIC Jineng is expected to contribute up to U$346 million (RM1.63 billion) yearly in revenue for 25 years" quoted from the articles above. In year 2023, the Energy sector revenue was rm1.6billion (2022 was 1.5billion) Adding in this new source of revenue, rm1.63billion, the energy sector is expected to contribute rm3billion/year. Although this rm3billion from eneryg sector is not huge compare to their leisure renevue, rm23billion (2023), at least Genting is making move to growth and diversify. Genting is really continue looking for growth, one of the aggresive bluechip that can possiblity push KLCI index higher. Why people still saying Genting is old man stock? hrrmm Can genting make a new milestone by achieving 30billion revenue/year ? Answer is so obvious now.
https://theedgemalaysia.com/node/716187 Finally Uncle Lim has spoken. "Genting's chairman and chief executive Tan Sri Lim Kok Thay highlighted that the energy investment is part of the company's long-term business strategy. “When it comes to the expansion or diversification of our business, away from gaming, we [work] very quietly and had to make sure that we prove it. So in this case, as you notice — the energy business itself has been transformed,” Lim said. “To still be sitting here in this room with you [the press] and to talk about the expanded footprint of that [energy] sector of the business… I think it is clear and it is very rare that we try to explain our long-term strategy [to the press],” Lim explained.
For context, last year, the group's energy business contributed about US$365.7 million in revenue, compared to the US$4.9 billion generated by its leisure and hospitality business. Tan noted that competitive gas prices could potentially boost energy revenue by up to US$1.3 billion. “That is why we spend a lot of time and energy in this particular space [energy division],” he added.
Aiyoyo, He cut his own hair kah, he looks like a hobo. My Rm 12 haircut is better than his. Raking in hundreds of millions in salary, and a billionaire, hire a personal stylist lah, aiyo. You can't bring your wealth to your grave and your next life. Live a little. YOLO zzzz
LKT won't push up or buy back it seems, looks at his hobo hairstyle, don't even have money to do a proper haircut, don't know where all his hundred million ringgits of salary went, maybe lost in a few hands of poker. He does looks like those regular on a poker table.
Judging on his hairstyle and proficiency in English, if I'm big fund manager, I also want to think twice investing a company under his control. Most of the time, looking and sounding good, sells. Similarly, a man who dresses nice, gets the girl, even when his bank account is actually empty, and a man who dresses like a hobo, but bank accounts have a ton of dough, dies alone.
Boss own goreng looks real as not much sellers. Question is if foreign fund buy his goreng. My short term target price increase from 5.40 to 5.50. Transformation of Genting is just starting
The first is an investment to acquire a 49% stake in a gas-fired power plant of 2 x 745MW in China for RMB100m or RM65 million.
This power plant is expected to generate revenue of around US$350 million a year for the next 25 years.
Power projects in China typically generate single digit returns. Assuming a 7% pretax margin and 5% net profit margin, I expect this power plant to generate net profit of US$17.5 million a year. For Genting's 49% stakes, the net profit contribution may come to US$8.6 million or RM40 million a year.
Hence, Genting aims to get back return from this investment within 2-3 years.
The second news is for a development of a floating LNG facility at Papua Indonesia with a capacity of 1.2 mtpa of LNG output.
Given that LNG contains energy of 51.7 mmbtu/ton, so this project will generate output of 1.2 mtpa x 51.7 mmbtu/ton = 62 million mmbtu of LNG a year.
Using the current spot price of S$12/mmbtu for LNG in Singapore, this project may generate revenue of S$745 million a year.
Assuming a profit margin of 10%, this project may generate profits of S$75 million a year to Genting. At 15% margin, the profit contribution may top S$100 million a year.
I presume this project may have potential synergy with the 1st news, as this LNG output may be exported to China for use in the newly acquired gas-fired power plant.
Genting want follow YTL power lor ,power plant project only can push share up ,early need change lor , do multi project , all do power plant , data center ,guranteee Genting RM 7 Better sign more agreement on power plant , n data center project
now is the time to buy, not selling... only 99% of the people sell at the very moment the stock starts running..... that's why only 1% is wealthy..... classic distribution. BUY and keep buying. TauRx will be approved shortly
Correction. The LNG price below should be in US dollars. Singapore spot LNG prices are trading at US$10-12/mmbtu in 2024, a drop from a high of US$56/mmbtu in 2022.
So the Papua LNG project may generate profits of over US$100 million a year to Genting.
Posted by dragon328 > 0 seconds ago | Report Abuse
The second news is for a development of a floating LNG facility at Papua Indonesia with a capacity of 1.2 mtpa of LNG output.
Given that LNG contains energy of 51.7 mmbtu/ton, so this project will generate output of 1.2 mtpa x 51.7 mmbtu/ton = 62 million mmbtu of LNG a year.
Using the current spot price of S$12/mmbtu for LNG in Singapore, this project may generate revenue of S$745 million a year.
Assuming a profit margin of 10%, this project may generate profits of S$75 million a year to Genting. At 15% margin, the profit contribution may top S$100 million a year.
I presume this project may have potential synergy with the 1st news, as this LNG output may be exported to China for use in the newly acquired gas-fired power plant.
This company is very well managed quietly. Don't need to shout. Substance speaks for itself. Not tin kosong. Again Tan Sri said watch the energy space. The Kasuri has the potential of 1.7 trillion cubic feet of gas reserves. To the CLOUDS.
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....
Michaelchan2024
1,232 posts
Posted by Michaelchan2024 > 2024-06-20 22:41 | Report Abuse
Let's see 阿泰明天冲锋陷阵,奋勇杀敌