Asia300

Genting Bhd.

Malaysia

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Apr 21, 2017
Prev close: 9.74
Apr 21, 2017
Market cap:
Market cap(USD):
36,570.2M
8,313.3M
Shares: 3,754.64M

Currency in MYR

Company profile

Market(Ticker): KLS(3182)
Sector:
Industry:
Consumer Services
Casinos/Gaming
Full time employees: 49,700

Business summary

Genting Bhd. operates an investment holding and management company, which engages in the leisure and hospitality, oil palm plantations, property development, biotechnology, and oil and gas businesses. It operates through the following segments: Leisure and Hospitality, Plantation, Power, Property, and Oil and Gas. The Leisure and Hospitality segment includes hotel; gaming and entertainment businesses; tours and travel related services; and other support services. The Plantation segment focuses on oil palm plantations, palm oil milling, and related activities. The Power segment generates and supplies electric power. The Property segment involves in property development activities. The Oil and Gas segment explores and develops oil and gas. The company was founded on July 30, 1968 and is headquartered in Kuala Lumpur, Malaysia.

Company background

Genting is a Malaysia-listed holding company well known in the casino and hospitality industry. Its core subsidiary, Genting Malaysia is the only company granted a license back in the early 1970s to operate a casino on a hilltop in the outskirts of Kuala Lumpur. Resorts World is the group's brand for its hotels and casinos.

In the U.S., Genting operates the only video gaming machine facility in New York City, and it has plans to expand further. Meanwhile, in the U.K., it is a leading casino operator, owning more than 40 casinos. Closer to home, Genting Singapore runs one of the two casinos in the city-state. Genting Malaysia has teamed with Twentieth Century Fox to build a theme park next to its Malaysian casino.

The group is controlled by the founder family, currently led by Chairman Lim Kok Thay. Lim is the second son of the late Lim Goh Tong, originally a poor immigrant from China who made his fortune dealing in secondhand machinery after World War II. Its associate Genting Hong Kong operates sea cruises and casinos in the Philippines. The group also has business interests in plantations, property development and energy.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 18,365.8M
Gross profit 5,902.5M
Operating income 3,957.8M
Income before tax 5,639.2M
Net income 2,146.5M
EBITDA 5,879.1M
Diluted EPS 0.57
Dividends per share 0.06
Total assets 92,877M
Total liabilities 34,260.1M
Total equity 34,804M
Operating cash flow 5,704.9M

Currency in MYR

Revenue 4,433.27M
Gross profit 1,424.79M
Operating income 955.36M
Income before tax 1,361.23M
Net income 518.13M
EBITDA 1,419.14M
Diluted EPS 0.13
Dividends per share 0.01
Total assets 20,703.74M
Total liabilities 7,637.11M
Total equity 7,758.35M
Operating cash flow 1,377.09M

Currency in USD

Valuation measures

Dec 2016

PER 13.86
ROA 2.35%
ROE 6.36%
Operating margin 21.54%
Profit margin 11.68%

Key executive

  • Chairman & Chief Executive Officer: Kok Thay Lim
  • President & Chief Operating Officer: Kong Han Tan
  • Executive Vice President-Finance: Kin Leong Chong
  • Chief Information Officer & Executive Director: Keong Hui Lim
  • Chief Executive Officer-Energy Division: Tiong Soon Ong

Share holders

  • LIM FAMILY(39.5%)
  • OppenheimerFunds, Inc.(5.6%)
  • GIC Pte Ltd. (Investment Management)(3.2%)
  • Orbis Investment Management Ltd.(2.1%)
  • The Vanguard Group, Inc.(1.9%)
  • LIM KOK THAY(1.8%)
  • Comgest S.A.(1.7%)
  • Great Eastern Life Assurance Co. Ltd.(1.6%)
  • Matthews International Capital Management LLC(1.4%)
  • Dimensional Fund Advisors LP(1.0%)

Address

  • Website: http://www.genting.com
  • Address: Wisma Genting, Jalan Sultan Ismail, Kuala Lumpur, 50250, Malaysia
  • Phone: +60.3.2178.2288

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