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Consumer Services

Genting Bhd.

  • 6.47 MYR
  • +0.09
  • +1.41%
  • Malaysia
    May 21, 2019
  • Ticker
    KLS(3182)
  • Prev. close
    6.38
  • Market cap (MYR)
    24,734.59M
  • Market cap (USD)
    5,908.87M
  • Shares
    3,876.89M

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. It operates through the following segments: Leisure & Hospitality; Plantations & Downstream Manufacturing; Power; Property; Oil & Gas; and Investments & others. The Leisure & Hospitality segment includes gaming, hotel, entertainment and amusement, tours and travel related services, development and operation of integrated resorts, and other support services. The Plantations & Downstream Manufacturing segment engages in upstream and downstream operations. The Power segment generates and supplies electric power. The Property segment involves in the property development activities. The Oil and Gas segment explores, develops, and produces oil and gas. The Investments & others segment includes 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 2018 MYRUSD
Revenue20,842.60M5,164.96M
Gross Profit7,812.70M1,936.05M
Operating income5,982.90M1,482.61M
Income before tax3,418.40M847.10M
Net income1,365.60M338.40M
EBITDA8,202.30M2,032.59M
Diluted EPS0.350.08
Dividends Per Share0.140.03
Total Assets96,141.40M23,264.70M
Total liabilities38,675.20M9,358.78M
Total equity34,273.70M8,293.69M
Operating cash flow6,308.50M1,563.29M
Currency in MYRCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 18,216.50M 18,100.40M 18,365.80M 20,019.60M 20,842.60M
Gross Profit 6,310.20M 5,141.70M 5,822.70M 7,277.80M 7,812.70M
Operating income 4,254.50M 3,672.30M 3,878M 5,294.80M 5,982.90M
Income before tax 4,213M 3,351.30M 5,459.50M 4,312.20M 3,418.40M
Net income 1,503.60M 1,388M 2,120.60M 1,445.30M 1,365.60M
EBITDA 6,078.70M 5,575.20M 5,879.10M 7,420.10M 8,202.30M
Diluted EPS 0.38 0.37 0.56 0.37 0.35
Dividends Per Share 0.04 0.03 0.06 0.14 0.14
Total Assets 73,645.80M 89,727.40M 91,874.20M 93,982M 96,141.40M
Total liabilities 26,686M 33,999.30M 34,306.30M 36,830.10M 38,675.20M
Total equity 26,830.90M 32,617.80M 34,009M 33,789.70M 34,273.70M
Operating cash flow 4,084.30M 4,358M 5,722.80M 6,151.50M 6,308.50M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 5,567.35M 4,629.64M 4,433.27M 4,656.24M 5,164.96M
Gross Profit 1,928.53M 1,315.12M 1,405.52M 1,692.70M 1,936.05M
Operating income 1,300.26M 939.28M 936.10M 1,231.48M 1,482.61M
Income before tax 1,287.58M 857.18M 1,317.85M 1,002.94M 847.10M
Net income 459.53M 355.01M 511.88M 336.15M 338.40M
EBITDA 1,857.78M 1,426.00M 1,419.14M 1,725.79M 2,032.59M
Diluted EPS 0.11 0.09 0.13 0.08 0.08
Dividends Per Share 0.01 0.00 0.01 0.03 0.03
Total Assets 21,062.71M 20,898.42M 20,480.20M 23,222.63M 23,264.70M
Total liabilities 7,632.20M 7,918.78M 7,647.41M 9,100.59M 9,358.78M
Total equity 7,673.64M 7,597.01M 7,581.14M 8,349.32M 8,293.69M
Operating cash flow 1,248.24M 1,114.67M 1,381.41M 1,430.74M 1,563.29M

Valuation Measures

Dec 2018
PER17.14
ROA1.43%
ROE4.01%
Operating margin28.70%
Profit margin6.55%

Key executives

  • Chairman & Chief Executive Officer: Kok Thay Lim
  • President & Chief Operating Officer: Kong Han Tan
  • Chief Financial Officer: Yee Fun Wong
  • Deputy CEO & Executive Director: Keong Hui Lim
  • Chief Curation & Millennials Officer: Sin Huat Khoo

Shareholders

  • LIM FAMILY (42.4%)
  • Orbis Investment Management Ltd. (2.6%)
  • GIC Pte Ltd. (Investment Management) (2.3%)
  • The Vanguard Group, Inc. (2.0%)
  • Great Eastern Life Assurance Co. Ltd. (1.9%)
  • LIM KOK THAY (1.7%)
  • Comgest SA (1.5%)
  • BlackRock Fund Advisors (1.3%)
  • Dimensional Fund Advisors LP (1.2%)
  • Matthews International Capital Management LLC (1.1%)

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 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.
  • DNAe Group Holdings 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.
  • Highlands Exploration Ltd.
  • Genting Oil Morocco Ltd.
  • Genting Sanyen Indonesia Ltd.

Competitors

  • United Plantations Bhd.
  • TSH Resources Bhd.
  • IOI Corp. Bhd.
  • Kuala Lumpur Kepong Bhd.
  • Batu Kawan Bhd.
  • FGV Holdings Bhd.
  • Boustead Plantations Bhd.
  • Far East Holdings Bhd.
  • Sime Darby Plantation Bhd.
  • Melco Resorts and Entertainment Ltd Shs Sponsored American Deposit Receipt Repr 3 Shs
  • Caesars Entertainment Corporation
  • Genting Hong Kong Limited
  • DXB Entertainments PJSC
Last Updated on 21 May, 2019

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