A Deeper Look Into The Genting Group

One the right side of this page is a CATEGORY LIST. 

There are large numbers of articles about GENTING available, their generous campaign contributions and much else. 



Genting was the financier of the Seneca Niagara Casino Hotel in Niagara Falls, New York. Genting charged the tribe an exorbitant 28 percent interest rate, potentially in violation of the Indian Gaming Regulations under the Bureau of Indian Affairs. Genting also stayed in the deal for almost 15 years when they were legally limited to five. Seneca Tribal Council members have testified that armed Chinese thugs showed up to collect Genting’s money when tribal lawyers pointed out that Genting was violating the law.

Genting Connected to Islamic Extremists?

A Deeper Look Into The Genting Group

By Stanley Lim, CFA - December 9, 2015

Most investors in Singapore know about the Genting Group through the aplty-named multi-billion tourist attraction located at Sentosa Island, Resorts World Sentosa.

However, the integrated resort, which is owned by the Singapore-listed Genting Singapore PLC (SGX: G13), represents only one segment of the Genting group of companies. In fact, the main holding company, Genting Berhad (KLSE:3182.KL), listed on the Kuala Lumpur Stock Exchange, is one of the largest conglomerates in Malaysia.

Genting Berhad’s business interests stretch from leisure & hospitality to property development, agriculture, biotechnology, and even energy and oil & gas. In this article, let’s take a deeper look at the whole Genting family.

Source: Companies’ annual reports

Genting Singapore is one portion of the entire group’s leisure and tourism business. With a focus on integrated resorts (a combination of casinos, hotels, and various other attractions like theme parks), Genting Singapore is now developing a new project in South Korea, the Resorts World Jeju, which is expected to open in 2017. Beyond South Korea, Genting Singapore is also looking at opportunities in Japan.

Genting Berhad holds other tourism-related businesses through Genting Malaysia Berhad (KLSE:4715.KL). The latter owns and operates its flagship Genting Highlands resorts in Malaysia. It also has gaming interests in the United Kingdom, United States, and Bahamas. Genting Malaysia Berhad is also the largest shareholder of Genting Hong Kong Limited (SGX: S21), the operator of a leading cruise line, Star Cruises.

The agriculture and property interests of Genting Berhad come from its 52.6% ownership of Genting Plantation Berhad (KLSE.2291.KL), which is one of the largest palm oil plantation owners in Malaysia and Indonesia with a landbank of over 245,000 hectares. To put that into perspective, the land area of Singapore is around 72,000 hectares. The company has also developed properties on agricultural land that have already matured in value.

Lastly, Genting Berhad has made significant direct investments into the energy and oil and gas sectors.

The largest shareholder of Genting Berhad is Kien Huat Realty, an investment holding vehicle for the Lim family. Understanding the entire Genting group’s structure would allow investors to have a better grasp on some of the business decision that are made by each company’s management teams.

Furthermore, by looking at the past decisions the Genting group has made, investors would be able to analyse if the conglomerate has been fair to minority investors of any of the listed Genting group of companies.

If you'd like to receive investing insights and keep updated on the latest company and stock market news, sign up for a FREE subscription to The Motley Fool's weekly investing newsletter, Take Stock Singapore. 

Also, like us on Facebook to follow our latest hot articles. The Motley Fool's purpose is to help the world invest, better.

Jump to comments

"TAKE STOCK" WITH DAVID KUO TODAY -- AND GET A FREE REPORT TOO

Get a FREE weekly dose of our Foolish investing insights when you subscribe to David Kuo's "Take Stock" email bulletin today. And better yet -- you'll also get instant access to a free Singapore investing research report.

“Take Stock” covers all manner of financial topics for our 79,000 readers… from investing in REITs, to finding “hidden gem” stocks on the SGX exchange, to the latest market news from Athens, Beijing, and Washington D.C., and what it means for your investment portfolio.

You've probably seen Dr. Kuo on CNBC and ChannelNewAsia. Heard him on BBC and 938LIVE. Or read him in The Straits Times and The Independent. You might have even caught his award-winning speech at INVEST Fair 2015. But you've never seen him "unfiltered" like you will in "Take Stock."

https://www.fool.sg/2015/12/09/a-deeper-look-into-the-genting-group/