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Consumer Services

Genting Bhd.

  • 8.57 MYR
  • +0.03
  • +0.35%
  • Malaysia
    Jun 22, 2018
  • Ticker
    KLS(3182)
  • Prev. close
    8.54
  • Market cap (MYR)
    32,947.50M
  • Market cap (USD)
    8,231.74M
  • Shares
    3,858.03M

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, hospitality, gambling, plantation, and property activities. It operates through the following segments: Leisure and Hospitality, Plantation, Power, Property, and Oil and Gas. The Leisure and Hospitality segment includes gaming, hotel, entertainment and amusement, tours and travel related services, development and operation of integrated resorts, and other support services. The Plantation segment focuses on the oil palm plantations, palm oil milling, and related activities. 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 company was founded by Goh Tong Lim in 1965 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2017 MYRUSD
Revenue20,019.60M4,656.24M
Gross Profit7,277.80M1,692.70M
Operating income5,294.80M1,231.48M
Income before tax4,312.20M1,002.94M
Net income1,445.30M336.15M
EBITDA7,420.10M1,725.79M
Diluted EPS0.370.08
Dividends Per Share0.140.03
Total Assets93,982M23,222.63M
Total liabilities36,830.10M9,100.59M
Total equity33,789.70M8,349.32M
Operating cash flow6,151.50M1,430.74M
Currency in MYRCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 17,111.70M 18,216.50M 18,100.40M 18,365.80M 20,019.60M
Gross Profit 6,425.30M 6,310.20M 5,141.70M 5,822.70M 7,277.80M
Operating income 3,936.30M 4,254.50M 3,672.30M 3,878M 5,294.80M
Income before tax 4,277.20M 4,213M 3,351.30M 5,459.50M 4,312.20M
Net income 2,313.70M 1,503.60M 1,388M 2,120.60M 1,445.30M
EBITDA 5,629M 6,078.70M 5,575.20M 5,879.10M 7,420.10M
Diluted EPS 0.48 0.38 0.37 0.56 0.37
Dividends Per Share 0 0.04 0.03 0.06 0.14
Total Assets 71,495.50M 73,645.80M 89,727.40M 91,874.20M 93,982M
Total liabilities 26,908.50M 26,686M 33,999.30M 34,306.30M 36,830.10M
Total equity 25,314M 26,830.90M 32,617.80M 34,009M 33,789.70M
Operating cash flow 4,218.60M 4,084.30M 4,358M 5,722.80M 6,151.50M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 5,431.44M 5,567.35M 4,629.64M 4,433.27M 4,656.24M
Gross Profit 2,039.46M 1,928.53M 1,315.12M 1,405.52M 1,692.70M
Operating income 1,249.42M 1,300.26M 939.28M 936.10M 1,231.48M
Income before tax 1,357.63M 1,287.58M 857.18M 1,317.85M 1,002.94M
Net income 734.39M 459.53M 355.01M 511.88M 336.15M
EBITDA 1,786.70M 1,857.78M 1,426.00M 1,419.14M 1,725.79M
Diluted EPS 0.15 0.11 0.09 0.13 0.08
Dividends Per Share 0 0.01 0.00 0.01 0.03
Total Assets 21,827.35M 21,062.71M 20,898.42M 20,480.20M 23,222.63M
Total liabilities 8,215.08M 7,632.20M 7,918.78M 7,647.41M 9,100.59M
Total equity 7,728.28M 7,673.64M 7,597.01M 7,581.14M 8,349.32M
Operating cash flow 1,339.03M 1,248.24M 1,114.67M 1,381.41M 1,430.74M

Valuation Measures

Dec 2017
PER24.02
ROA1.55%
ROE4.26%
Operating margin26.44%
Profit margin7.21%

Key executives

  • Chairman & Chief Executive Officer: Kok Thay Lim
  • President & Chief Operating Officer: Kong Han Tan
  • Chief Financial Officer: Kin Leong Chong
  • Executive Director & Chief Information Officer: Keong Hui Lim
  • Chief Curation & Millennials Officer: Sin Huat Khoo

Shareholders

  • LIM FAMILY (38.6%)
  • OppenheimerFunds, Inc. (4.4%)
  • GIC Pte Ltd. (Investment Management) (3.0%)
  • Great Eastern Life Assurance Co. Ltd. (2.3%)
  • The Vanguard Group, Inc. (2.0%)
  • Matthews International Capital Management LLC (1.7%)
  • LIM KOK THAY (1.7%)
  • Comgest SA (1.6%)
  • Orbis Investment Management Ltd. (1.6%)
  • BlackRock Fund Advisors (1.2%)

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 TauRx Diagnostic Centre Sdn. Bhd.
  • Genting Management Singapore Pte Ltd.
  • DNA Electronics Ltd. (United Kingdom)
  • 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.
  • Genting Hotel & Resorts Management Sdn. Bhd.
  • GB Services Bhd.
  • Aurasun Resources Sdn. Bhd.
  • Newquest Ltd.
  • Peak Avenue Ltd.

Competitors

  • United Plantations Bhd.
  • IOI Corp. Bhd.
  • Batu Kawan Bhd.
  • TSH Resources Bhd.
  • Kuala Lumpur Kepong Bhd.
  • Felda Global Ventures Holdings Bhd.
  • Boustead Plantations Bhd.
  • IJM Plantations Bhd.
  • Sime Darby Plantation Bhd.
  • Melco Resorts and Entertainment Ltd Shs Sponsored American Deposit Receipt Repr 3 Shs
  • Tropicana Entertainment Inc.
  • DXB Entertainments PJSC
  • Genting Hong Kong Limited
Last Updated on 22 Jun, 2018

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