Article by I AM LEGEND
If Genting Berhad revalues all its major properties and assets to current market value, the net assets per share (NAPS) could increase by RM3.50 to RM6.00 per share
Hence the total NAPS will be up to RM14.60
? Breakdown of Key Considerations:
? Genting Berhad Group’s Hidden Asset Value (Major Segments):
1. Resorts World Las Vegas (RWLV)
Cost: ~US$4.3 billion (~RM20 billion)
Book value is depreciated; market value likely higher due to strategic Strip location and rising land/hotel prices.
2. Genting Malaysia stake (49%)
GENM itself is undervalued due to historical cost of RWG, RWNYC, etc.
If GENM's revalued NAPS rises by RM2.00, Genting Berhad’s stake value uplifts by ~RM5.5B.