Take a look at....

USD/MYR rate of ~ 1 USD = MYR 4.159637 and assuming the rate moves from a weaker MYR (say USD = MYR 4.30) to the stronger rate, we can estimate potential savings/gains for USD-denominated debt.

GENM Estimate

If GENM has USD 2.89 billion long‐term debt:

At USD = MYR 4.30 → MYR equivalent = 2.89 billion × 4.30 = MYR 12.427 billion

At USD = MYR 4.159637 → MYR equivalent = 2.89 billion × 4.159637 = MYR 12.030 billion

Difference = ~ MYR 397 million

So because of the rate move, GENM could have ~ MYR ≈ 400 million reduction in the MYR equivalent debt cost (or potential translation benefit) assuming all debt is USD and no hedging etc.

Given they already posted ~RM 601.8 million gain in one quarter, this ballpark seems reasonable.

Genting Berhad Estimate

If Genting Berhad has USD 9.05 billion debt:

At 4.30 rate → MYR 9.05b × 4.30 = MYR 38.915 billion

At 4.159637 rate → MYR 9.05b × 4.159637 = MYR 37.639 billion

Difference = ~ MYR 1.276 billion

So for the parent company, the beneficial impact from the rate move could be around MYR ≈ 1.3 billion in favourable translation/servicing cost terms.


✅ Summary

GENM: ~ MYR 400 million potential gain from rate movement under the assumptions.

Genting Berhad: ~ MYR 1.3 billion potential gain under similar assumptions.