Asia300

Genting Bhd.

Malaysia

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 24, 2017
Prev close: 9.67
Mar 24, 2017
Market cap:
Market cap(USD):
36,262.8M
8,194.05M
Shares: 3,750.03M

Currency in MYR

Company profile

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

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 18,365.80M
Gross profit 5,902.47M
Operating income 3,482.74M
Income before tax 5,639.26M
Net income 2,146.48M
EBITDA 5,405.99M
Diluted EPS 0.57
Dividends per share 0.06
Total assets 92,545.82M
Total liabilities 33,937.32M
Total equity 34,804.06M
Operating cash flow 5,555.25M

Currency in MYR

Revenue 4,433.27M
Gross profit 1,424.78M
Operating income 840.69M
Income before tax 1,361.24M
Net income 518.13M
EBITDA 1,304.94M
Diluted EPS 0.13
Dividends per share 0.01
Total assets 20,629.92M
Total liabilities 7,565.16M
Total equity 7,758.37M
Operating cash flow 1,340.96M

Currency in USD

Valuation measures

Dec 2016

PER 13.86
ROA 2.35%
ROE 6.36%
Operating margin 18.96%
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.(6.0%)
  • GIC Pte Ltd. (Investment Management)(3.3%)
  • Orbis Investment Management Ltd.(2.0%)
  • Northern Cross LLC(2.0%)
  • LIM KOK THAY(1.8%)
  • Comgest S.A.(1.6%)
  • Matthews International Capital Management LLC(1.4%)
  • Great Eastern Life Assurance Co. Ltd.(1.0%)
  • 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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