Consumer Services
Genting Bhd.
- 6.47 MYR
- +0.09
- +1.41%
Malaysia
May 21, 2019Ticker
KLS(3182)Prev. close
6.38Market cap (MYR)
24,734.59MMarket cap (USD)
5,908.87MShares
3,876.89M
In the news
- Easing US-China worries lift Nikkei Asia300 Index May 14, 2018
- Malaysia shares trump post-poll jitters, end at 2-week high May 14, 2018
- Singapore stocks rise to two-month highs on China's surprise bank reserve ratio cut Apr 18, 2018
- Philippines sees gross gaming revenue rising 9.4% to $3.57bn in 2018 Mar 20, 2018
- Singapore, Malaysia stocks fall amid concerns over US tariffs on Chinese goods Mar 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. 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 | MYR | USD |
| Revenue | 20,842.60M | 5,164.96M |
| Gross Profit | 7,812.70M | 1,936.05M |
| Operating income | 5,982.90M | 1,482.61M |
| Income before tax | 3,418.40M | 847.10M |
| Net income | 1,365.60M | 338.40M |
| EBITDA | 8,202.30M | 2,032.59M |
| Diluted EPS | 0.35 | 0.08 |
| Dividends Per Share | 0.14 | 0.03 |
| Total Assets | 96,141.40M | 23,264.70M |
| Total liabilities | 38,675.20M | 9,358.78M |
| Total equity | 34,273.70M | 8,293.69M |
| Operating cash flow | 6,308.50M | 1,563.29M |
| Currency in MYR | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 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 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 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 | |
| PER | 17.14 |
| ROA | 1.43% |
| ROE | 4.01% |
| Operating margin | 28.70% |
| Profit margin | 6.55% |
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
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Last Updated on 21 May, 2019