Reported Earnings • May 23
First quarter 2026 earnings released: RM0.001 loss per share (vs RM0.013 profit in 1Q 2025) First quarter 2026 results: RM0.001 loss per share (down from RM0.013 profit in 1Q 2025). Revenue: RM2.87b (up 11% from 1Q 2025). Net loss: RM3.80m (down 105% from profit in 1Q 2025). Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Hospitality industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Major Estimate Revision • May 22
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from RM0.117 to RM0.091 per share. Revenue forecast steady at RM13.0b. Net income forecast to shrink 31% next year vs 7.4% growth forecast for Hospitality industry in Malaysia . Consensus price target down from RM2.48 to RM2.36. Share price fell 5.0% to RM1.92 over the past week. Reported Earnings • Apr 21
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: RM0.13 (up from RM0.044 in FY 2024). Revenue: RM11.9b (up 8.9% from FY 2024). Net income: RM754.8m (up 201% from FY 2024). Profit margin: 6.4% (up from 2.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 29%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Hospitality industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Apr 16
Genting Malaysia Berhad, Annual General Meeting, Jun 10, 2026 Genting Malaysia Berhad, Annual General Meeting, Jun 10, 2026, at 10:00 Singapore Standard Time. Location: 26th floor, wisma genting, jalan sultan ismail, 50250 kuala lumpur, Malaysia Announcement • Mar 03
Genting Malaysia Berhad Announces Redesignation of Dato' Sri Lee Choong Yan from Executive Director to Non Independent and Non Executive Director, Effective 01 May 2026 Genting Malaysia Berhad announced redesignation of Dato' Sri Lee Choong Yan from Executive Director to Non Independent and Non Executive Director, aged 65, date of change is 01 May 2026. Qualifications: Bachelor of Science (Honours) in Business Economics and Accounting from University of Southampton, England; Fellow, Institute of Chartered Accountants in England and Wales. Working experience and occupation: Dato' Sri Lee Choong Yan was appointed to the Board of the Company on 1 January 2020. He has been the President and Executive Director of the Company since 1 April 2022. Dato' Sri Lee was appointed the President and Chief Operating Officer of the Company on 1 August 2006. He is responsible for the development and implementation of corporate strategies as well as management of the operations of the Company and its subsidiaries. Dato' Sri Lee is also the Chief Executive Officer of Genting UK Plc, a subsidiary in the United Kingdom, where the Group owns and operates over thirty casinos together with an integrated resort, Resorts World Birmingham. In addition, he oversees Genting Malaysia Group's businesses in the United States and Bahamas. His responsibilities also include directorships in other companies within the Genting Malaysia Berhad Group.Dato' Sri Lee trained as a chartered accountant in London with an international accounting firm of chartered accountants following which he joined their offices in Hong Kong and worked in their audit and corporate advisory practices. He subsequently embarked on a career in investment banking where he specialised in the areas of corporate finance and the equity capital markets before joining the Genting Group in 1997. Dato' Sri Lee Choong Yan was redesignated as Senior Advisor and Executive Director of GENM on 1 March 2026. Dato' Sri Lee will retire as Senior Advisor on 30 April 2026 and will be redesignated as Non-Independent Non-Executive Director of GENM on 1 May 2026. New Risk • Mar 02
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Declared Dividend • Mar 02
Dividend of RM0.07 announced Shareholders will receive a dividend of RM0.07. Ex-date: 13th March 2026 Payment date: 10th April 2026 Dividend yield will be 3.3%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 27
Genting Malaysia Berhad announces Annual dividend, payable on April 10, 2026 Genting Malaysia Berhad announced Annual dividend of MYR 0.0700 per share payable on April 10, 2026, ex-date on March 13, 2026 and record date on March 16, 2026. Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: RM0.13 (vs RM0.044 in FY 2024) Full year 2025 results: EPS: RM0.13 (up from RM0.044 in FY 2024). Revenue: RM11.9b (up 8.9% from FY 2024). Net income: RM754.9m (up 201% from FY 2024). Profit margin: 6.4% (up from 2.3% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Hospitality industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Major Estimate Revision • Dec 04
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from RM11.4b to RM12.0b. EPS estimate increased from RM0.092 to RM0.102 per share. Net income forecast to grow 350% next year vs 12% growth forecast for Hospitality industry in Malaysia. Consensus price target up from RM2.28 to RM2.53. Share price fell 7.7% to RM2.17 over the past week. Announcement • Dec 02
Genting Berhad (KLSE:GENTING) completed the acquisition of 23.13% stake in Genting Malaysia Berhad (KLSE:GENM) for MYR 3.1 billion. Genting Berhad (KLSE:GENTING) proposed to acquire remaining 50.64% stake in Genting Malaysia Berhad (KLSE:GENM) for MYR 6.7 billion on October 13, 2025. As part of the acquisition, Genting Berhad will acquire 2.87 billion shares in Genting Malaysia Berhad at MYR 2.35 per share in cash. In the event Genting Berhad receives acceptances of not less than nine-tenths in the nominal value of the Offer Shares on or before the Closing Date, Genting Berhad intends to invoke section 222 of the CMSA to compulsorily acquire any remaining Offer Shares from the Holders who have not accepted the Offer. Upon completion, Genting Berhad will own 100% stake in Genting Malaysia Berhad. The consideration will be fully satisfied via a combination of debt financing of up to approximately MYR 6.3 billion and remaining through internally generated funds. The transaction is subject to Genting Berhad having received valid acceptances by the holders. The transaction is not subject to the approval of Genting Berhad’s shareholders, any other approvals or corporate proposals of Genting Berhad or Genting Malaysia Berhad. The Offer is expected to be completed by fourth quarter of 2025.
AmInvestment Bank Berhad acted as financial advisor to Genting Berhad.
Genting Berhad (KLSE:GENTING) completed the acquisition of 23.13% stake in Genting Malaysia Berhad (KLSE:GENM) for MYR 3.1 billion on December 1, 2025. Before completion, Genting Berhad held 49.99% stake in Genting Malaysia Berhad. After completion, Genting Berhad holds 73.13% stake in Genting Malaysia Berhad. Price Target Changed • Nov 28
Price target increased by 11% to RM2.53 Up from RM2.28, the current price target is an average from 13 analysts. New target price is 7.6% above last closing price of RM2.35. The company is forecast to post earnings per share of RM0.10 for next year compared to RM0.044 last year. Reported Earnings • Nov 28
Third quarter 2025 earnings released: EPS: RM0.021 (vs RM0.10 in 3Q 2024) Third quarter 2025 results: EPS: RM0.021 (down from RM0.10 in 3Q 2024). Revenue: RM3.36b (up 22% from 3Q 2024). Net income: RM119.7m (down 79% from 3Q 2024). Profit margin: 3.6% (down from 21% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Hospitality industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 21
Now 20% undervalued Over the last 90 days, the stock has risen 18% to RM2.35. The fair value is estimated to be RM2.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Announcement • Oct 15
Genting New York Llc Submits Supplemental Application Materials to the New York Gaming Facility Location Board The Board of Directors of GENM ("Board") refers to GENM's announcement dated 30 June 2025 in relation to the Bid. The Board announced that GENM, via its indirect wholly-owned subsidiary, Genting New York LLC ("GENNY") had submitted supplemental application materials to the New York Gaming Facility Location Board ("NYGFB") on 14 October 2025 (US Eastern date/time) for its final evaluation and consideration, in response to the Response For Application ("RFA") requirements. As previously stated, the NYGFB is expected to announce the winning bidders by 1 December 2025, followed by the issuance of licenses by 31 December 2025. GENM will make appropriate announcements once there are further material developments in relation to its Bid. Price Target Changed • Oct 15
Price target increased by 9.2% to RM2.25 Up from RM2.06, the current price target is an average from 14 analysts. New target price is approximately in line with last closing price of RM2.34. The company is forecast to post earnings per share of RM0.091 for next year compared to RM0.044 last year. Announcement • Oct 13
Genting Berhad (KLSE:GENTING) proposed to acquire remaining 50.64% stake in Genting Malaysia Berhad (KLSE:GENM) for MYR 6.7 billion. Genting Berhad (KLSE:GENTING) proposed to acquire remaining 50.64% stake in Genting Malaysia Berhad (KLSE:GENM) for MYR 6.7 billion on October 13, 2025. As part of the acquisition, Genting Berhad will acquire 2.87 billion shares in Genting Malaysia Berhad at MYR 2.35 per share in cash. In the event Genting Berhad receives acceptances of not less than nine-tenths in the nominal value of the Offer Shares on or before the Closing Date, Genting Berhad intends to invoke section 222 of the CMSA to compulsorily acquire any remaining Offer Shares from the Holders who have not accepted the Offer. Upon completion, Genting Berhad will own 100% stake in Genting Malaysia Berhad. The consideration will be fully satisfied via a combination of debt financing of up to approximately MYR 6.3 billion and remaining through internally generated funds. The transaction is subject to Genting Berhad having received valid acceptances by the holders. The transaction is not subject to the approval of Genting Berhad’s shareholders, any other approvals or corporate proposals of Genting Berhad or Genting Malaysia Berhad. The Offer is expected to be completed by fourth quarter of 2025.
AmInvestment Bank Berhad acted as financial advisor to Genting Berhad. Buy Or Sell Opportunity • Oct 02
Now 21% undervalued Over the last 90 days, the stock has risen 5.0% to RM2.09. The fair value is estimated to be RM2.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Reported Earnings • Aug 31
Second quarter 2025 earnings released: EPS: RM0.074 (vs RM0.015 in 2Q 2024) Second quarter 2025 results: EPS: RM0.074 (up from RM0.015 in 2Q 2024). Revenue: RM2.92b (up 9.3% from 2Q 2024). Net income: RM416.7m (up 407% from 2Q 2024). Profit margin: 14% (up from 3.1% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Hospitality industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jun 11
Now 25% undervalued Over the last 90 days, the stock has risen 5.6% to RM1.90. The fair value is estimated to be RM2.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 134% in the next 2 years. Major Estimate Revision • Jun 05
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from RM0.104 to RM0.086 per share. Revenue forecast steady at RM11.2b. Net income forecast to grow 93% next year vs 58% growth forecast for Hospitality industry in Malaysia. Consensus price target down from RM2.34 to RM2.01. Share price was steady at RM1.84 over the past week. Reported Earnings • May 30
First quarter 2025 earnings released: EPS: RM0.013 (vs RM0.01 in 1Q 2024) First quarter 2025 results: EPS: RM0.013 (up from RM0.01 in 1Q 2024). Revenue: RM2.60b (down 6.1% from 1Q 2024). Net income: RM72.6m (up 26% from 1Q 2024). Profit margin: 2.8% (up from 2.1% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Hospitality industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Price Target Changed • May 06
Price target decreased by 7.0% to RM2.38 Down from RM2.56, the current price target is an average from 14 analysts. New target price is 41% above last closing price of RM1.69. Stock is down 35% over the past year. The company is forecast to post earnings per share of RM0.11 for next year compared to RM0.044 last year. Reported Earnings • Apr 13
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: RM0.044 (down from RM0.077 in FY 2023). Revenue: RM10.9b (up 7.1% from FY 2023). Net income: RM251.2m (down 43% from FY 2023). Profit margin: 2.3% (down from 4.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 66%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Hospitality industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Apr 11
Genting Malaysia Berhad, Annual General Meeting, Jun 11, 2025 Genting Malaysia Berhad, Annual General Meeting, Jun 11, 2025, at 10:00 Singapore Standard Time. Location: 26th floor, wisma genting, jalan sultan ismail, 50250 kuala lumpur, Malaysia Buy Or Sell Opportunity • Apr 07
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 34% to RM1.49. The fair value is estimated to be RM2.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Announcement • Mar 30
Genting Malaysia Berhad Appoints Miss Loh Wai Yee as Chief Financial Officer, Effective April 1, 2025 Genting Malaysia Berhad announced the appointment of MISS LOH WAI YEE as Chief Financial Officer. Age 53, Date of change 01 April 2025. Qualifications Degree Bachelor of Science (Honours) in Economics and Accounting City University, United Kingdom Professional Qualification Member Institute of Chartered Accountants in England and Wales Professional Qualification Member Malaysian Institute of Accountants. Working experience and occupation Ms Loh Wai Yee is appointed as the Chief Financial Officer of Genting Malaysia Berhad with effect from 1 April 2025. She is responsible for the Finance, Risk Management, Procurement and Regulatory Compliance functions of the Company. She joined the Company in June 2023 as the Senior Vice President - Finance and was redesignated as the Deputy Chief Financial Officer (Resorts World Genting) on 1 August 2023. She has over 30 years of work experience in finance, strategy, investments management, risk management and audit. Prior to joining the Company, she held senior leadership positions with Tenaga Nasional Berhad, Destination Resort and Hotel Sdn Bhd, and Penerbangan Malaysia Berhad. She also spent several years in the Investment Division of Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia. Prior to joining the commercial sector, she trained as a chartered accountant in a public accounting firm in London before returning to PricewaterhouseCoopers, Kuala Lumpur as an audit senior and rose to rank of senior manager. Announcement • Mar 28
Genting Malaysia Berhad Announces the Retirement of Miss Koh Poy Yong as Chief Financial Officer, Effective April 1, 2025 Genting Malaysia Berhad announced the retirement of MISS KOH POY YONG as Chief Financial Officer. Age 68, Date of change April 1, 2025. Major Estimate Revision • Mar 06
Consensus EPS estimates fall by 25% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from RM0.16 to RM0.12 per share. Revenue forecast steady at RM11.3b. Net income forecast to grow 166% next year vs 70% growth forecast for Hospitality industry in Malaysia. Consensus price target down from RM2.93 to RM2.60. Share price fell 23% to RM1.82 over the past week. Price Target Changed • Mar 01
Price target decreased by 9.5% to RM2.65 Down from RM2.93, the current price target is an average from 14 analysts. New target price is 39% above last closing price of RM1.90. Stock is down 32% over the past year. The company is forecast to post earnings per share of RM0.12 for next year compared to RM0.044 last year. Declared Dividend • Mar 01
Final dividend of RM0.04 announced Shareholders will receive a dividend of RM0.04. Ex-date: 14th March 2025 Payment date: 10th April 2025 Dividend yield will be 5.3%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by both earnings (89.6% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share is expected to grow by 132% over the next 3 years, which should maintain adequate earnings cover for the dividend. Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Norazilla Binti Md Tahir was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Feb 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.08% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.08% per year for the foreseeable future. Minor Risks High level of debt (74% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 29
Third quarter 2024 earnings released: EPS: RM0.10 (vs RM0.031 in 3Q 2023) Third quarter 2024 results: EPS: RM0.10 (up from RM0.031 in 3Q 2023). Revenue: RM2.75b (up 1.5% from 3Q 2023). Net income: RM569.2m (up 221% from 3Q 2023). Profit margin: 21% (up from 6.5% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Hospitality industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Major Estimate Revision • Sep 07
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from RM10.8b to RM11.0b. EPS estimate fell from RM0.16 to RM0.14 per share. Net income forecast to grow 63% next year vs 23% growth forecast for Hospitality industry in Malaysia. Consensus price target down from RM3.31 to RM3.18. Share price fell 2.8% to RM2.45 over the past week. Declared Dividend • Aug 31
First half dividend of RM0.06 announced Dividend of RM0.06 is the same as last year. Ex-date: 17th September 2024 Payment date: 7th October 2024 Dividend yield will be 6.0%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is not covered by earnings (153% earnings payout ratio). However, it is well covered by cash flows (42% cash payout ratio). The dividend has increased by an average of 6.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 70% to bring the payout ratio under control. EPS is expected to grow by 114% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: RM0.015 (vs RM0.008 in 2Q 2023) Second quarter 2024 results: EPS: RM0.015 (up from RM0.008 in 2Q 2023). Revenue: RM2.67b (up 7.9% from 2Q 2023). Net income: RM82.2m (up 75% from 2Q 2023). Profit margin: 3.1% (up from 1.9% in 2Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Hospitality industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: RM0.01 (vs RM0.005 loss in 1Q 2023) First quarter 2024 results: EPS: RM0.01 (up from RM0.005 loss in 1Q 2023). Revenue: RM2.76b (up 21% from 1Q 2023). Net income: RM57.8m (up RM85.2m from 1Q 2023). Profit margin: 2.1% (up from net loss in 1Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Hospitality industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • May 31
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.4% to RM2.65. The fair value is estimated to be RM3.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 31% per annum over the same time period. New Risk • Apr 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Dividend is not well covered by earnings (195% payout ratio). Large one-off items impacting financial results. Reported Earnings • Apr 20
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: RM0.077 (up from RM0.092 loss in FY 2022). Revenue: RM10.2b (up 18% from FY 2022). Net income: RM436.8m (up RM956.8m from FY 2022). Profit margin: 4.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Hospitality industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 20
Genting Malaysia Berhad, Annual General Meeting, Jun 12, 2024 Genting Malaysia Berhad, Annual General Meeting, Jun 12, 2024, at 10:00 Singapore Standard Time. Agenda: To lay before the meeting the audited financial statements for the financial year ended 31 December 2023 and the Directors' and Auditors' Reports thereon; to approve the payment of Directors' fees totalling MYR 2,043,913 for the financial year ended 31 December 2023 comprising MYR 276,000 per annum for the Chairman of the company and MYR 184,000 per annum for each of the other Directors; to approve the payment of Directors' benefits-in-kind from the date immediately after the forty-fourth Annual General Meeting of the company to the date of the next Annual General Meeting of the company in 2025; to re-elect Mr Quah Chek Tin as a Director of the company who is retiring by rotation pursuant to Paragraph 107 of the company's Constitution; and to consider other matters. Upcoming Dividend • Mar 13
Upcoming dividend of RM0.09 per share Eligible shareholders must have bought the stock before 20 March 2024. Payment date: 15 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.2%. Within top quartile of Malaysian dividend payers (4.7%). Higher than average of industry peers (4.0%). Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: RM0.077 (vs RM0.092 loss in FY 2022) Full year 2023 results: EPS: RM0.077 (up from RM0.092 loss in FY 2022). Revenue: RM10.2b (up 18% from FY 2022). Net income: RM436.8m (up RM956.8m from FY 2022). Profit margin: 4.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Hospitality industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Feb 29
Genting Malaysia Berhad Announces Final Single-Tier Dividend for the Financial Year Ended December 31, 2023, Payable on 15 April 2024 Genting Malaysia Berhad announced Final Single-Tier Dividend of 9.0 sen per ordinary share for the financial year ended December 31, 2023. Ex-Date is 20 March 2024. Payment Date is 15 April 2024. Announcement • Jan 19
Genting Malaysia Berhad Appoints Puan Norazilla Binti Md Tahir as Independent and Non Executive Director Genting Malaysia Berhad appointed Puan Norazilla Binti Md Tahir, age 57, as Independent and Non Executive Director, Date of change 19 January 2024. Professional Qualification: Institute of Chartered Accountants in England & Wales (ICAEW) Chartered Accountancy Programme BPP College, London, United Kingdom Fellow Chartered Accountant. Degree Bachelor of Arts (Hons) in Accounting University of Stirling, Scotland, United Kingdom. Working experience and occupation: Puan Norazilla binti Md Tahir ("Puan Nora") has more than 25 years' experience in financial management, notably in financial institutions and capital markets. Prior to her early retirement in 2020, Puan Nora was the Chief Financial Officer of Cagamas Berhad group of companies ("Cagamas Group"). She spearheaded the financial leadership of the group and was responsible for upholding strong financial management and governance while providing timely, accurate and reliable financial information and enhancing internal control.Apart from the Cagamas Group, Puan Nora had held other Chief Financial Officer/Head of Finance positions at three (3) Islamic financial institutions, namely RHB Islamic Bank Berhad, Asian Finance Bank Berhad and Al Rajhi Banking & Investment Corporation (Malaysia) Berhad. Besides banking, she is also experienced in fast moving consumer goods, having been involved in sales logistic chain management while at L'Oreal Malaysia Sdn Bhd and Universal Music Sdn Bhd in the early years of her career.Puan Nora currently sits on the boards of Citibank Berhad, Bank Pembangunan Malaysia Berhad ("BPMB") and Kenanga Investors Berhad as an Independent Non-Executive Director. She is also sitting on the boards of certain subsidiaries of BPMB, namely Global Maritime Ventures Berhad, Pembangunan Leasing Corporation Sdn Bhd, BI Credit & Leasing Berhad and PLC Credit & Factoring Sdn Bhd. Puan Nora was a former Ministry of Finance's nominated Independent Director at Amanah Raya Berhad and AmanahRaya Trustees Berhad. She was also a former Independent Director of Etiqa Life Insurance Berhad. Directorships in public companies and listed issuers (if any): 1. Citibank Berhad2. Bank Pembangunan Malaysia Berhad 3. Global Maritime Ventures Berhad 4. BI Credit & Leasing Berhad5. Kenanga Investors Berhad. Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: RM0.031 (vs RM0.002 in 3Q 2022) Third quarter 2023 results: EPS: RM0.031 (up from RM0.002 in 3Q 2022). Revenue: RM2.71b (up 19% from 3Q 2022). Net income: RM177.4m (up RM166.0m from 3Q 2022). Profit margin: 6.5% (up from 0.5% in 3Q 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Hospitality industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 04
Upcoming dividend of RM0.06 per share at 7.0% yield Eligible shareholders must have bought the stock before 11 September 2023. Payment date: 02 October 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 7.0%. Within top quartile of Malaysian dividend payers (5.2%). Higher than average of industry peers (5.4%). Reported Earnings • Aug 25
Second quarter 2023 earnings released: EPS: RM0.008 (vs RM0.002 loss in 2Q 2022) Second quarter 2023 results: EPS: RM0.008 (up from RM0.002 loss in 2Q 2022). Revenue: RM2.47b (up 14% from 2Q 2022). Net income: RM47.1m (up RM58.0m from 2Q 2022). Profit margin: 1.9% (up from net loss in 2Q 2022). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Hospitality industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Aug 25
Genting Malaysia Berhad Announces Interim Single-Tier Dividend for the Financial Year Ending December 31, 2023 Payable on 02 Oct 2023 Genting Malaysia Berhad announced Interim Single-Tier Dividend of 6.0 sen per ordinary share for the financial year ending December 31, 2023 payable on 02 Oct 2023. Ex-Date is on 11 Sep 2023. Entitlement date is on 12 Sep 2023. 
