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Last 4.19 MYR
Change Today +0.07 / 1.70%
Volume 8.2M
As of 4:50 AM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

genting malaysia bhd (GENM) Snapshot

Open
4.11
Previous Close
4.12
Day High
4.19
Day Low
4.11
52 Week High
08/27/14 - 4.68
52 Week Low
01/15/15 - 3.78
Market Cap
23.8B
Average Volume 10 Days
3.8M
EPS TTM
0.21
Shares Outstanding
5.7B
EX-Date
09/26/14
P/E TM
20.0x
Dividend
0.07
Dividend Yield
1.65%
Current Stock Chart for GENTING MALAYSIA BHD (GENM)

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genting malaysia bhd (GENM) Related Businessweek News

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genting malaysia bhd (GENM) Details

Genting Malaysia Berhard is engaged in the tourist resort business primarily in Malaysia, Bahamas, the United Kingdom, and the United States. It offers leisure and hospitality services, including gaming, hotel, entertainment, and amusement. The company is also involved in the investment, development, and management of land and properties. In addition, it is engaged in the operation of casinos; timeshare ownership scheme; and provision of sales and marketing services, and information technology services and consultancy, as well as tours and travel related services. Further, the company provides training, support, cable car, offshore financing and captive insurance, and property upkeep services; develops software; and owns and operates aircrafts, golf resorts, casinos, and a video lottery facility. Additionally, it is engaged in the sale and letting of land, property, premises, and apartment units; provision of electricity supply and water services; Karaoke business; condotel and hotel business; show agent business; and operation of travel agency. The company is based in Kuala Lumpur, Malaysia. Genting Malaysia Berhad is a subsidiary of Genting Berhad.

genting malaysia bhd (GENM) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

genting malaysia bhd (GENM) Key Developments

Genting Malaysia Berhad Recommends Final Dividend for the Year 2014

The Board of Directors of Genting Malaysia Berhad recommended a final single-tier dividend of 3.5 sen per ordinary share of 10 sen each for the year ended December 31, 2014. If approved, total dividend for fiscal 2014 would amount to 6.5 sen per ordinary share of 10 sen each, comprising an interim single-tier dividend of 3.0 sen per ordinary share of 10 sen each and the proposed final single-tier dividend mentioned above.

Genting Malaysia Berhad Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Audited Consolidated Earnings Results for Full Year Ended December 31, 2014; Reports Write Off for the Fourth Quarter Ended December 31, 2014

Genting Malaysia Berhad reports unaudited consolidated earnings results for the fourth quarter and audited consolidated earnings results for full year ended December 31, 2014. For the quarter, the group reported a 3% decline in total revenue to MYR 2,057.9 million compared to MYR 2,120.1 million in the preceding year. The group achieved an adjusted EBITDA of MYR 605.9 million compared to MYR 584.2 million in 2013. The group's profit before taxation decreased by 16% to MYR 368.4 million against MYR 438.1 million a year ago, arising from the write-off of MYR 55.5 million project costs in relation to the unsuccessful application of licenses in New York State as well as higher assets write-off by MYR 27.3 million relating to the GITP development. Profit for the period was MYR 293.8 million or 5.46 sen per basic and diluted share against MYR 391.9 million or 7.06 sen per basic and diluted share a year ago. The group's profit after tax decreased by 25% mainly due to over provision of prior year's deferred tax which resulted in a lower tax charge in 2013. Excluding the impact of such deferred tax, the Group's PAT would have decreased by 9%. The company reported that profit attributable to equity holders of the company for the fourth quarter ended December 31, 2014 was MYR 309.84 million, or 5.46 sen per share, compared to MYR 400.51 million, or 7.06 sen per share, for the same quarter ended December 31, 2013. For the year, total revenue for the group eased marginally by 1% to MYR 8,229.4 million against MYR 8,327.6 million. The group achieved an adjusted EBITDA of MYR 2,247.6 million against MYR 2,428.2 million a year ago, 7% lower than in 2013, primarily due to lower adjusted EBITDA registered by the Malaysian and US operations. The Malaysian operations were mainly affected by lower revenue and higher payroll costs. Higher payroll and related costs at RWNYC and operational challenges at Bimini had also impacted the results of the US operations. These were mitigated by lower bad debt written off in UK. The group's PBT decreased by 14% to MYR 1,524.5 million against MYR 1,766.5 million a year ago, mainly due to the group's lower adjusted EBITDA contributions, project costs written off in relation to the unsuccessful application of licenses in New York State and higher depreciation and amortization charges. Profit for the period was MYR 1,140.3 million or 20.96 sen per basic and diluted share against MYR 1,584.1 million or 28.26 sen per basic and diluted share a year ago. The PAT decreased by 28% mainly due to lower taxes last year as a result of the recognition of deferred tax asset on tax losses in the US. Excluding the impact of such deferred tax, the Group's PAT would have decreased by 14%. For the quarter ended December 31, 2014, the company’s write off of property, plant and equipment amounted to MYR 30.4 million against MYR 3.1 million a year ago.

Wisma Genting Building Reportedly Up For Sale

Genting Malaysia Berhad (KLSE:GENM) is looking to sell Wisma Genting office building in Kuala Lumpur, according to sources. Genting expected to sell Wisma Genting for MYR 500 million and is proposing a sale and a four-year leaseback of Wisma Genting pending the completion of the new building in Jalan Belfield, sources added.

 

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GENM:MK 4.19 MYR +0.07

GENM Competitors

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Company Last Change
Genting Bhd 8.83 MYR +0.08
Genting Hong Kong Ltd $2.75 HKD 0.00
Genting Singapore PLC $0.94 SGD +0.015
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Industry Analysis

GENM

Industry Average

Valuation GENM Industry Range
Price/Earnings 18.7x
Price/Sales 2.7x
Price/Book 1.4x
Price/Cash Flow 19.6x
TEV/Sales 2.2x
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