1️⃣ Ringgit

Strengthening to RM 4.17 per USD — GOOD NEWS
Genting Berhad holds USD-denominated debt, especially for Resorts World Las Vegas (RWLV).

When the Ringgit strengthens, the value of that USD debt shrinks in Ringgit terms.
→ Lower reported gearing, lower interest expense in Ringgit.

It also boosts the group’s net-asset position (RM debt looks smaller vs USD assets).

✅ Net impact: Stronger Ringgit = lower leverage + healthier balance sheet = POSITIVE.


2️⃣ US Federal Reserve Rate Cut — GOOD NEWS

Genting Berhad’s USD loans (especially in the U.S.) are often floating-rate linked to LIBOR/SOFR.
→ When Fed cuts rates, Genting’s interest burden drops immediately.

Lower U.S. rates also:

Stimulate travel, consumption and gaming spend in the U.S. (helping RWLV).

Support global equity sentiment and tourism recovery.

Improve asset valuations (esp. for its large U.S. property and resort assets).

✅ Net impact: Cheaper financing + stronger visitor spending = POSITIVE.

? Conclusion
> Genting Berhad enjoys two independent tailwinds:
① Ringgit appreciation (balance-sheet benefit)
② Fed rate cut (financing & demand benefit)

Together, these form a double good-news catalyst for Genting Berhad’s earnings outlook and valuation.