Posted by Michaelchan2024 > 2024-09-19 12:10 | Report Abuse

Genting Berhad has substantial USD-denominated debt, amounting to about USD 6.53 billion. The Fed’s decision to lower rates reduces Genting’s interest expenses on its USD borrowings...leading to immediate savings on debt servicing (recurring benefits). As interest rates fall further over the next few years, these savings will likely continue to improve Genting’s cash flow.

Posted by Michaelchan2024 > 2024-09-19 12:11 | Report Abuse

interest rates generally boost economic activity by encouraging borrowing and investment. Genting’s U.S. operations, such as RWLV, RWNYC and Empire Resorts, could benefit from increased consumer spending, driven by improved economic conditions and cheaper financing options for U.S. consumers.

Posted by Michaelchan2024 > 2024-09-19 12:12 | Report Abuse

Genting Berhad holds significant assets in the U.S., Singapore and UK. These assets contribute to its NAV but are vulnerable to exchange rate fluctuations. When the USD, SGD weakens against the MYR, the value of U.S. assets in MYR terms decreases, affecting the company’s overall balance sheet and potentially its stock valuation.

Posted by Michaelchan2024 > 2024-09-19 12:13 | Report Abuse

Since Genting Berhad is trading significantly below its NAV, the market may already be factoring in the risks and uncertainties surrounding these assets, including currency fluctuations and the performance of U.S. operations. As a result, further reductions in U.S. asset values due to a weaker USD may not have an immediate or substantial impact on the share price, as it is already deeply discounted.

Posted by Michaelchan2024 > 2024-09-19 12:20 | Report Abuse

The Fed’s rate cuts provide a strong tailwind for Genting Berhad's potential U.S. IPO. The combination of lower borrowing costs, stronger consumer demand and improved equity valuations increases the likelihood of success for Genting’s IPO of RWLV, RWNYC and Empire Resorts..

Posted by Michaelchan2024 > 2024-09-19 12:35 | Report Abuse

I won’t respond to comments..

Posted by Michaelchan2024 > 2024-09-19 12:40 | Report Abuse

If the current USDMYR exchange rate of 4.3 is sustainable, then Genting will benefit from the lower cost of servicing its substantial USD debt on a recurring basis, for as long as this exchange rate remains stable..

Posted by MoneyMakers > 2024-09-19 12:40 | Report Abuse

Fed cut 0.5% + more cuts coming

Just 1% rate cut (30Bil debt) get extra 300Mil/yr profit

2% rate cut = extra 600Mil profit..easy money

Posted by keyman > 2024-09-19 12:45 | Report Abuse

哎呦 会买的就是会买... 就算是从5块... 一路亏着买到今天的 4块1 还是能自我安慰说, 你看nta 8.9喔 半价喔... 不买就傻了.... 懂的... 我们当时就是这样走过来的咯.... 🤭

Posted by EDwarrior > 2024-09-19 12:52 | Report Abuse

马来西亚没有股买了

Posted by keyman > 2024-09-19 12:53 | Report Abuse

But heartily, how many of us that are really gain profit from genting.... Dont tell me, at least I am not the one....

Posted by EDwarrior > 2024-09-19 13:15 | Report Abuse

usually blue-chip companies always higher than its NTA. Therefore, Genting can do it as well.

Posted by Michaelchan2024 > 2024-09-19 13:21 | Report Abuse

With the decline in the USDMYR exchange rate from RM4.71 to RM4.3, Genting Berhad has effectively reduced its USD-denominated borrowings.. which total USD 6.53 billion, by approximately RM2.6 billion. Moreover, if the USDMYR exchange rate drops further to RM4.0 by 2025, an additional debt reduction of around RM1.9 billion is anticipated.

Analysts' net debt forecasts for Genting Berhad appear achievable:

2023: MYR 15,000 million
2024: MYR 13,157 million
2025: MYR 11,072 million
2026: MYR 8,978 million.

This progressive reduction strengthens the company's financial position and prospects.

Posted by Michaelchan2024 > 2024-09-19 14:17 | Report Abuse

It's easy to calculate the savings on interest due to the reduction in debt. By applying the 5% interest rate to the debt reduction..we can estimate the recurring annual savings..

Posted by eagleye > 2024-09-19 14:38 | Report Abuse

Genting Malaysia Bhd’s (KL:GENM) subsidiaries have priced an additional US$100 million (RM427 million) of
7.25%
senior unsecured notes, due 2029.

Recently, two indirect wholly-owned units priced an offering of US$525 million of
7.25%
senior unsecured notes, also due 2029

Posted by eagleye > 2024-09-19 14:47 | Report Abuse

Previous secured loans are fixed loans that are already in force at agreed fixed interest rates until due.

Therefore, there is no impact of any financial gains in term of reduced interest payments even with Fed lowering interest rates.

Only future loans that have yet to be agreed upon and signed may enjoy any financial gains from any possible interest rate reduction by the Fed.
An alternative of renegotiating existing terms and conditions favoring a lower interest rate of an existing loan is difficult.

Posted by ngwt > 2024-09-19 14:52 | Report Abuse

Assets (Forex loss at coming QR)

As at 30/06/2024 (QR result page 11)
Singapore : 18,815.3m (Exchange ratio of 1:3.4781)
UK : 4,082.2m (Exchange ratio of 1:5.9633)
US & Property : 27,326.8m (Exchange ratio of 1:4.7195)
Oil Palm/Power/O&G: 16,009.7m (Exchange ratio of 100:0.0288; 100:64.9563; 1:1)

Total: 66,234m


As at 30/09/2024 (Estimated)
Singapore : 17,905.93m (Exchange ratio of 1:3.31)
UK : 3,901.96m (Exchange ratio of 1:5.70)
US & Property : 24,897.82m (Exchange ratio of 1:4.30)
Oil Palm/Power/O&G: 15,689.51m **

Total : 62,395.22m

Estimated loss due to Strong MYR : rm 3,838.78m (P&L paper loss)

** Oil Palm/Power/O&G, due to some mix with IDR/RMB/MYR. I simply deduct 2%

Question
1. How much interest can be save for the loan from 18/9/2024 until 30/09/2024 ?
2. Foreign currency liabilities is near 5,761.6m (with some plantation unknown amount denote in MYR). How much it can save ? around 307.22m ?

GB next quarter likely to huge loss due to paper loss ? My account not so good, enlighten me if I calculate wrongly. Kindly discuss rather than attack. Thank you.

Posted by prudentinvestor > 2024-09-19 15:14 | Report Abuse

"哎呦 会买的就是会买... 就算是从5块... 一路亏着买到今天的 4块1 还是能自我安慰说, 你看nta 8.9喔 半价喔... 不买就傻了.... 懂的... 我们当时就是这样走过来的咯.... 🤭"

你应该是个投资专家吧？你可有从5块一路卖空到今天的4块1而赚了一毕？

Posted by Janus Mun > 2024-09-19 15:26 | Report Abuse

from chart can see 4-4.20 price area should be the immediate support,unless big crash....then can break below the prices of last year june to nov......

Posted by Janus Mun > 2024-09-19 15:32 | Report Abuse

when the whole masses expect big crash after this US big rate cut,the market always kill those who expect the what they THINK they should be expecting.sp500 futures up over 100+ points!those who shorted after last night closing or bought PUTS all gotten slaughtered!

Posted by Janus Mun > 2024-09-19 15:36 | Report Abuse

after ex date the price didnt gone lower is a very positive sign plus from the chart there is a divergence in RSI another positive sign.

Posted by keyman > 2024-09-19 15:49 | Report Abuse

哈哈哈哈 我买那时 nta 9.1 股价4.0 mco 那时 也是一路往下买 不只一半 就44趴 当时跑了一轮 到今天 4.15 这么多年了 都没感觉了
这么多年还在这个价。

Posted by keyman > 2024-09-19 15:54 | Report Abuse

所以就不买了 看看呗 吹水一下 哈哈哈

Posted by prudentinvestor > 2024-09-19 16:13 | Report Abuse

". ...懂的... 我们当时就是这样走过来的咯.... 🤭""

你自认为你比那些从5块... 一路亏着买到今天的 4块1 还是能自我安慰说, 你看nta 8.9喔 半价喔... 不买就傻了....的人聪明。 Another charlatan pretending to be an expert.

Posted by prudentinvestor > 2024-09-19 16:28 | Report Abuse

Have been doing do for years.

Posted by neohts > 2024-09-19 16:43 | Report Abuse

Price already so low still got so many people selling.
Under value stocks
From 4.80 drop until 4.15.....when could recover ????????
I am also worry about TauRX.....can it happen before year end ????

Posted by MoneyMakers > 2024-09-19 16:54 | Report Abuse

“23 hours ago
How the hell is that a bullish closing MM? Are you viewing the right stock? Red also bullish?😮
============
@DonC Another bullish day

Better throw ur ‘candlestick book’ flush down toilet - really teach u nothing leh

Posted by Janus Mun > 2024-09-19 16:58 | Report Abuse

chart is NOT JUST ABOUT CANDLESTICKS,its just part of the chart,zoom out look at the bigger pattern,and yes closing 4.15 is currently positive even after div date.

Posted by keyman > 2024-09-19 17:27 | Report Abuse

@PI 哈哈哈 就你懂我🤭🤭
都是这样过来的 不知不觉都老啦 股价还是那样🤭🤭

Posted by mushimushi > 2024-09-19 18:08 | Report Abuse

Where is ATKlown? lose until mother cannot recognize already? Genting cannot move up, this forces me to hold until Christmas, until Taurx announcement, until Genting rocket up to RM 6-7-8 tp.

Posted by Michaelchan2024 > 2024-09-19 19:07 | Report Abuse

1 SGD = 3.26 MYR
1 USD = 4.19 MYR

Very positive for Genting Berhad!

Posted by Michaelchan2024 > 2024-09-19 19:11 | Report Abuse

Expect a one-time forex loss. However, the accounting treatment of forex gains and losses can be complex when it comes to financial reporting. We didn’t see a significant forex gain in the past two years, even though the USDMYR and SGDMYR rose significantly..By recognizing these gains or losses in Other Comprehensive Income (OCI), the company can smooth out earnings volatility and defer the impact of forex fluctuations..

Posted by AngTayKor > 2024-09-19 19:12 | Report Abuse

Mushi your mother brought you up wrong? Why want to involve mothers here?

Posted by AngTayKor > 2024-09-19 19:53 | Report Abuse

Oh MM ah your fearing mongering posts are here:

Posted by MoneyMakers > | Report Abuse
No wonder soo cheap
US regulator sue RWLV (money laundering violation) + GenS QR terrible
------------
Dont bother with TauRx - got hundreds other alzheimer med under Phase 2/3 clinical trials
Current share price values TauRx at 0 - so TauRx failure only minimal affect share price
------------
Stuck even when bursa up 1650 pts
Feel people wait sell expecting bad QR soon
-----------
2 more days margin call b4 bad QR (expected Thur) - lets see how low can go
-----------
Late selloff continue ystrdy red
Seems people want exit b4 bad QR (GenS bad) out
-----------
Crazy evening selloff - wait&see how bad QR later
-----------
Woww big revenue drop + profit cut half..bad econ people no money travel??
Ystrdy Dollar General shares drop 30% after bad QR (weak consumer)
Economy soo bad..GB Q2 revenue alrdy drop 1st time - disaster if nxt QR more revenue drop
-----------
2023 still ‘covid recovery’ so shouldnt compare y-o-y
Q2 suppose seasonally strong (raya holiday etc) but QR soo bad - Q3 later even worse??
-----------
Everywhere weak economy - GenS/GenM alrdy affected Inflation destroy wealth
-----------
Walao afternoon red alrdy - just need break under 4.30 then bye2
-----------
If GB future soo good (look forward) - wouldnt be 4.3 now
******************

<Before MM buy, he will always do his evil bad karma tactics non-stop fear mongering here>

Posted by AngTayKor > 2024-09-19 19:56 | Report Abuse

Posted by mushimushi > 1 month ago | Report Abuse
SGD 500m sudah mau mari, go go go!!!
----------
Tomorrow confirm gap up!!
Tomorrow 4.8
##################

Posted by AngTayKor > 1 month ago | Report Abuse
ATK a ghost or not you decide lor. Hope some traders / trader cum investors here have read and exited promptly near the 5.20 top.

Then buy again at around 4.50 zone, exit at around 4.8+ zone.
Then buy again at around 4.50 zone, exit at around 4.8+ zone.
Then buy again at around 4.20 zone, exit at around 4.50 zone.

Its not difficult to trade this stock. I started buying when price was 2.97. When I stopped trading this stock long time ago, i think its equivalent to profit of selling the stock at over 8.00.
--------
I have never shorted a single GenB stock. Better watch the stock's price action, the market is already whispering something now....
---------
Trader has already given his views if you have read his posts carefully over the past couple of days.
*******************



See the difference in skill? At 4.50 zone trader gave prompt exit warning, the delusional ones keep promoting nonstop. Those kena stuck high at RM8 should learn some trading skills instead of doing delusional shortie bashing. If my brokerage account can trade short on Bursa stocks, I would have made double the money when I was actively trading this stock long time ago
.

Posted by ImCK > 2024-09-19 20:00 | Report Abuse

enjoy the ride MYR is going below 4.00 soon tonight U.S big up

Posted by AngTayKor > 2024-09-19 20:06 | Report Abuse

Posted by MoneyMakers > 19 minutes ago | Report Abuse
Remember AngTKlown fearmonger heavy drop under 4.0 few days ago - unfortunately seems alrdy delete that post kikiki
Fella left only 3post this week kikiki
-----------------


Read carefully la:

Posted by AngTayKor > 1 week ago | Report Abuse

Posted by prudentinvestor > 3 days ago | Report Abuse
Don't dump at this level, already very low. May be should adopt a wait and see strategy. Not likely to go down to RM4.
----------
Posted by kent9988 > | Report Abuse
@atk 怎么看哦 一直跌😔
----------

ATK: My cutloss advice only for MM (follow at your own risk). I think better listen to @prudentinvestor. Shut off your Bursa computer screen, come back after Christmas. It could be either near 3.50 or near 6.00. Popi popi 🙏🙏

Posted by AngTayKor > 2024-09-19 20:36 | Report Abuse

Posted by Mikecyc > | Report Abuse
Haha Tin Kosong MonieM give lectures here ke …no more Shouting Rocket Limit Up ke as in Tsh .. don’t own deleted own posts loh …hahaha
----------------


Aiya who always spinning BS here ownself delete own posts everyone here know la

Posted by kent9988 > 2024-09-19 21:09 | Report Abuse

@Michaelchan2024

By reducing its debt load, Genting can lower its annual interest payments. With debt reductions of this magnitude, the interest savings could be substantial. The interest savings from this debt reduction could result in an annual recurring saving of as much as RM250 million..

加上fed降息0.5% 是不是可以每年省下150m？

Posted by kent9988 > 2024-09-19 21:24 | Report Abuse

下个季度和后个季度就可以看到答案 加上年尾taurx可能会成功 相信未来是好的

Posted by choysun > 2024-09-19 22:50 | Report Abuse

Why every day queue for 4.10 tak dapat :(

Posted by newbie2019 > 2024-09-20 07:27 | Report Abuse

lol…. i am want it at 4.0-4.1

Posted by choysun > 2024-09-20 08:11 | Report Abuse

@newbie2019 I think possibly missed cycle liao. Going up again :(

Posted by newbie2019 > 2024-09-20 09:07 | Report Abuse

@choysun, what’s the short position status now?

Posted by EDwarrior > 2024-09-20 09:20 | Report Abuse

Why malaysia need to rate cut? Only maintain bro.... pls check back our malaysia BNM previous interest rate history.... so funny u guys .... saying without thinking lol

Posted by EDwarrior > 2024-09-20 10:52 | Report Abuse

Lol ....
Ya I know but in this current stage BNM won't rate cut unless Malaysia economy is going to enter recession....

Posted by MoneyMakers > 2024-09-20 12:28 | Report Abuse

Walao dont diu sellers soo hard..just take adv div + Fed rate cut rally

Tq GB nice shortterm trade..gdluck all hodlers

Posted by MoneyMakers > 2024-09-20 12:35 | Report Abuse

Dont trust GB longterm with such terrible QR

Strong MYR not good for SG/US biz..rate cut savings also wont see in coming Q3 QR

Posted by Johnchew123 > 2024-09-20 12:35 | Report Abuse

Situpid investor still hold Genting , smart investor already sell Genting ,change portfolio ,buy YTLPOwER , last week lower 3.38 , a lot situpid investor kena stuck 4.50 , smart investor ,last week sell Genting , BUY in YTLPower , he portfolio already profit gain now , all break even ,

A lot situpid kena stuck Genting , rumour coming next month Gaming tax will increase. again , Genting will plunge below RM 4

Posted by eagleye > 2024-09-20 13:13 | Report Abuse

Genting Malaysia Bhd has
dropped
to 36th place in terms of market capitalisation recently.

If it maintains this position
by the cut-off date
for the upcoming review,
it will need to be

removed

from the index according to the established rules.

It may have a Direct impact in its share attractiveness and its share price may be
impacted.

Since Genting Bhd holds a majority stake in Genting Malaysia Bhd, consequently and subsequently,
Genting Bhd may also be affected and its share price may be

Impacted.

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