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Consumer Services

Genting Bhd.

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.

Business Summary

Genting Bhd. is an investment holding and management company, which engages in the leisure and hospitality, gaming, and entertainment businesses. It operates through the following segments: Leisure and Hospitality, Plantation, Power, Property, Oil and Gas, and Investments and Others. The Leisure and Hospitality segment includes gaming, hotels, food and beverages, theme parks, retail, entertainment and attractions, tours and travel related services, development and operation of integrated resorts, and other support services. The Plantation segment involves in the oil palm plantations, palm oil milling, and related activities. The Power segment generates and supplies electric power. The Property segment focuses on the property development activities and property investment. The Oil and Gas segment consists of exploration, development, and production activities. The Investments and Others segment refers to the investment and interest income from financial assets. The company was founded by Goh Tong Lim in 1965 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2020 MYRUSD
Revenue11,555M2,749.74M
Gross Profit1,984.20M472.18M
Operating income294.20M70.01M
Income before tax-1,437.20M-342.01M
Net income-1,024.20M-243.72M
EBITDA2,720.30M647.34M
Diluted EPS-0.26-0.06
Dividends Per Share0.060.01
Total Assets99,986.50M24,856.80M
Total liabilities45,352.60M11,274.72M
Total equity32,965.40M8,195.25M
Operating cash flow33.80M8.04M
Currency in MYRCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 18,365.80M 20,015.80M 20,842.60M 21,602.10M 11,555M
Gross Profit 5,822.70M 7,269.30M 7,812.70M 7,276.70M 1,984.20M
Operating income 3,878M 5,412.20M 5,982.90M 5,092M 294.20M
Income before tax 5,459.50M 4,309.90M 3,418.40M 4,493.30M -1,437.20M
Net income 2,120.60M 1,444.70M 1,365.60M 1,995.80M -1,024.20M
EBITDA 5,879.10M 7,537.50M 8,202.30M 7,723.90M 2,720.30M
Diluted EPS 0.56 0.37 0.35 0.51 -0.26
Dividends Per Share 0.06 0.14 0.14 0.12 0.06
Total Assets 91,874.20M 93,612.60M 96,141.40M 102,471.70M 99,986.50M
Total liabilities 34,306.30M 36,468.70M 38,675.20M 43,081.60M 45,352.60M
Total equity 34,009M 33,787.90M 34,273.70M 35,332.20M 32,965.40M
Operating cash flow 5,722.80M -826.20M 6,308.50M 6,153.80M 33.80M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 4,433.27M 4,655.35M 5,164.96M 5,214.14M 2,749.74M
Gross Profit 1,405.52M 1,690.72M 1,936.05M 1,756.39M 472.18M
Operating income 936.10M 1,258.79M 1,482.61M 1,229.06M 70.01M
Income before tax 1,317.85M 1,002.41M 847.10M 1,084.55M -342.01M
Net income 511.88M 336.01M 338.40M 481.73M -243.72M
EBITDA 1,419.14M 1,753.10M 2,032.59M 1,864.33M 647.34M
Diluted EPS 0.13 0.08 0.08 0.12 -0.06
Dividends Per Share 0.01 0.03 0.03 0.03 0.01
Total Assets 20,480.20M 23,131.35M 23,264.70M 25,051.14M 24,856.80M
Total liabilities 7,647.41M 9,011.29M 9,358.78M 10,532.11M 11,274.72M
Total equity 7,581.14M 8,348.87M 8,293.69M 8,637.62M 8,195.25M
Operating cash flow 1,381.41M -192.16M 1,563.29M 1,485.35M 8.04M

Valuation Measures

Dec 2020
PER--
ROA-1.01%
ROE-2.99%
Operating margin2.54%
Profit margin-8.86%

Key executives

  • Chairman & Chief Executive Officer: Kok Thay Lim
  • President, COO & Executive Director: Kong Han Tan
  • Chief Financial Officer: Yee Fun Wong
  • Executive Director & Deputy CEO: Keong Hui Lim
  • Chief Executive Officer-Energy Division: Tiong Soon Ong

Shareholders

  • LIM FAMILY (42.7%)
  • Great Eastern Life Assurance Co. Ltd. (3.2%)
  • Orbis Investment Management Ltd. (2.8%)
  • The Vanguard Group, Inc. (1.8%)
  • LIM KOK THAY (1.7%)
  • GIC Pte Ltd. (Investment Management) (1.1%)
  • Eastspring Investments (Singapore) Ltd. (1.0%)
  • BlackRock Fund Advisors (0.9%)
  • Brandes Investment Partners LP (0.9%)
  • Genting Bhd. (0.6%)

Contact Details

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

Related Companies

  • Genting Genomics Ltd. (United Kingdom)
  • CVI Resorts Ltd.
  • Genting RMTN Bhd.
  • Genting Casinos Egypt Ltd.
  • Genting Administrative Services Sdn. Bhd.
  • Resorts World Properties Sdn. Bhd.
  • Resorts World Las Vegas LLC
  • Resorts World Bhd (Hong Kong) Ltd.
  • Resorts World Properties Pte Ltd.
  • Genting TauRx Diagnostic Centre Sdn. Bhd.
  • Genting Management Singapore Pte Ltd.
  • Newquest Resources Pte Ltd.
  • Genting Strategic Investments (Singapore) Pte Ltd.
  • Genting Capital Bhd.
  • Genting Power (M) Ltd.
  • Widuri Pelangi Sdn. Bhd.
  • Genting Oil & Gas (China) Ltd.
  • GP Wind (Jangi) Pvt Ltd.
  • Genting Capital Ltd.
  • Vista Knowledge Pte Ltd.
  • Genting Intellectual Property Pte Ltd.
  • Genting Genomics Ltd.
  • Prime Offshore (Labuan) Ltd.
  • GP (Raigad) Pte Ltd.
  • Green Synergy Holdings Pte Ltd.
  • Genting International Paper Ltd.
  • Genting Power (India) Ltd.
  • Genting Power Indonesia Ltd.
  • Highlands Power Development Ltd.
  • Genting Power Philippines Ltd.

Competitors

  • Sarawak Oil Palms Bhd.
  • United Plantations Bhd.
  • IOI Corp. Bhd.
  • Sime Darby Plantation Bhd.
  • Kuala Lumpur Kepong Bhd.
  • Batu Kawan Bhd.
  • FGV Holdings Bhd.
  • Far East Holdings Bhd.
  • IJM Plantations Bhd.
  • Indonesia Energy Corporation Limited
  • Genting Hong Kong Limited
  • Melco Resorts & Entertainment Limited Sponsored ADR
Last Updated on 5 Aug, 2021

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