I believed Genting BODs are well aware of what they are doing :) Its all set for the long term sustainability; unless unforeseen circumstances driven by political or geopolitical decisions. Expansion in leisure and hospitality segment, investment in healthcare, and making progress in O&G segment. The Indonesian government approved the Revised First Phase Plan of Development for the Asap, Merah and Kido structures on Feb 9, 2023, which allows the supply of 230 million standard cubic feet per day (“mmscfd”) of natural gas to the FLNG facility for 18 years, as well as another supply of 101 mmscfd of natural gas to an Ammonia and Urea plant to be built in West Papua, Indonesia for 17 years.

Assuming $2 to $5 dollar per MMBtu price of natural gas and lets use the lowest price so far which is $2 per MMBtu and Genting is supplying 230 mmscfd, that is ~$170M per year revenue conservatively; more than RM500M revenue. Thats a lot and if the dollar per MMBtu goes up, the return will be even higher. Just a rough estimate :)

Hopefully they are aware as debt level have increased substantially to around RM50 billion. Like UK which is a matured market, highly competition with limited growth, high tax and margin compress. If still wish to remained in UK perhaps to focus on London which is concentration of population, high networth and international tourism. I believe when they expand Star Cruise time with high debt also knew what they are doing but eventually goes to bankruptcy as well as Empire but inject into GenM.

I am fully agreed with their diversification to increase oil and gas revenue and profit rather than too focus on gaming and resorts and that's why diverse non-core or non performing assets like Egypt, UK and Miami assets may give better concentration to expand and improve others assets value

experienced CFA will be able to answer the question of how much debt is considered too much :) Too much details required to calculate it. I am just using lazy method by comparing its leverage against regional peers and Genting is pretty good. The mgmt are in the leisure and hospitality segment for such a long time and I am sure they know what they are doing including the UK market. They just need to maintain the status quo as long as its profitable without major capex; judging by what I saw in London and Liverpool :)

新加坡云顶集团正在推进圣淘沙名胜世界（Resorts World Sentosa, RWS）的“2.0升级计划”，该计划包括酒店翻新、会议中心升级以及新增娱乐设施。节庆酒店已完成改造并于2024年初重新开放。迈克尔酒店和康乐福豪华酒店的翻新正在分阶段进行，预计2025年初能全面完成。同时，大规模扩建福廊（The Forum）区域预计将于2025年投入使用。

此扩建项目意在吸引更多高端游客，并提升整体旅游体验，迎合后疫情时代逐步复苏的旅游需求

The biggest differentiator for GenM results will be dependent on forex as forex losses in the past are in the range of 100M to 200M. Gross gaming revenue on its assets NYC, Catskills, Hudson Valley and RWBet showing flattish performance against Q2.

Your accounting knowledge and attention to detail is much great than myself. As long as your fact is correct and with sufficent margin of safety, you wouldnt misled yourself too much. Just beware of bias and fomo hype promoter in this platform.

its definitely better than FY23, Kyory :) And I agreed with Vin on 1.7b for 2025. What we want is consistent 1.5 bil and above from FY25 onwards. and FY26 will be boosted by first drop of LNG; rough estimate 500M revenue per year from O&G. Did not include the outcome of RWNYC full casino license and investment in healthcare.

Well.. i hate seeing educated scammer scam uneducated newbies. . I cannot allow scammer to mispresenting facts to hype the stocks just to sell high.. i cant lie.. and i cant afford to watch without intefering .. i glad you listen to me.. if not you will be holding paper loss 20%

Genting and GenM - hate it or love it and there is no other option in between. Everyone will see what they want to see. Lol, no pun intended. On track for a better FY24 comparing to FY23 despite short term earnings disruption from RWS2.0 upgrade.