Consumer Services
Genting Bhd.
In the news
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- Macao to win from gambling crackdown in Cambodia and Philippines Sep 28, 2019
- Asian stocks gain as US, China resume talks to resolve trade dispute Aug 30, 2019
- Resorts World Manila operator to delist from Philippine exchange Aug 14, 2019
- Easing US-China worries lift Nikkei Asia300 Index May 14, 2018 See more articles on 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 | MYR | USD |
| Revenue | 11,555M | 2,749.74M |
| Gross Profit | 1,984.20M | 472.18M |
| Operating income | 294.20M | 70.01M |
| Income before tax | -1,437.20M | -342.01M |
| Net income | -1,024.20M | -243.72M |
| EBITDA | 2,720.30M | 647.34M |
| Diluted EPS | -0.26 | -0.06 |
| Dividends Per Share | 0.06 | 0.01 |
| Total Assets | 99,986.50M | 24,856.80M |
| Total liabilities | 45,352.60M | 11,274.72M |
| Total equity | 32,965.40M | 8,195.25M |
| Operating cash flow | 33.80M | 8.04M |
| Currency in MYR | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 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 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 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 margin | 2.54% |
| 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%)
- Brandes Investment Partners LP (0.9%)
- BlackRock Fund Advisors (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
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- PT Lestari Banten Listrik
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Competitors
- Sarawak Oil Palms Bhd.
- United Plantations Bhd.
- Kuala Lumpur Kepong Bhd.
- FGV Holdings Bhd.
- IOI Corp. Bhd.
- Sime Darby Plantation Bhd.
- Batu Kawan Bhd.
- Far East Holdings Bhd.
- IJM Plantations Bhd.
- Indonesia Energy Corporation Limited
- Genting Hong Kong Limited
- Melco Resorts & Entertainment Limited Sponsored ADR
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