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only kien huat gained the profits and advantages. GenM would be the scapegoats and bailer for Kein Huat investment failures. and Kien Huat is privately owned. so the shareholders of GenM are paying the price for a personal Kien Huat own investment failure.
mind you that they reported forex gain in Q3 2024 but share price didn't move up. when they reported forex losses in q4 2024, it gapped down. So don't expect much from the forex gain results
GenM would need to borrow more money and throwing into its US biz in months to come especially for the empire. Averagely it needs usd100 mil to pump in fund into Empire every 1-2 years. Should it bids for Thailand Casino as well, easily GenM would need to raise usd2 bil. not forgetting New York casino license for usd5 bil. we are talking about rm30 bil ++ investment here. how long would it takes to ROI looking at GenM performance now?
