Genting M's cash pile is more for providing funds to its mother Genting rather than rewarding shareholders with rich dividends. It is easy for Citicorp to say Genting M is worth a lot but investors nowadays are much wiser. They would take Citicorp's views with a pinch of salt.
Why not just say Genting S'pore in overvalued n just stop there.

The Edge reported that GenM would have a gearing of 0.05 times upon completion of the RPT.
GenM will no longer be a cash rich company. Nothing to look forward to.

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Added on July 2, 2010, 10:24 pmLooking at it, the obvious beneficiary is Genting Singapore which would receive RM1.67 billion in cash. Genting Singapore is now obviously a better bet.
Any opinion?

This post has been edited by Oracles99: Jul 2 2010, 10:24 PM