Reported Earnings • May 22
First quarter 2026 earnings released: EPS: RM0.076 (vs RM0.068 in 1Q 2025) First quarter 2026 results: EPS: RM0.076 (up from RM0.068 in 1Q 2025). Revenue: RM720.2m (flat on 1Q 2025). Net income: RM68.1m (up 11% from 1Q 2025). Profit margin: 9.5% (up from 8.5% in 1Q 2025). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 16
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: RM0.40 (up from RM0.36 in FY 2024). Revenue: RM3.37b (up 15% from FY 2024). Net income: RM354.5m (up 9.7% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 2.1%. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 10
Genting Plantations Berhad, Annual General Meeting, Jun 09, 2026 Genting Plantations Berhad, Annual General Meeting, Jun 09, 2026, at 10:00 Singapore Standard Time. Location: 26th floor, wisma genting, jalan sultan ismail, 50250 kuala lumpur, Malaysia Declared Dividend • Feb 28
Final dividend increased to RM0.18 Dividend of RM0.18 is 5.9% higher than last year. Ex-date: 12th March 2026 Payment date: 30th March 2026 Dividend yield will be 5.5%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but not covered by cash flows (143% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: RM0.40 (vs RM0.36 in FY 2024) Full year 2025 results: EPS: RM0.40 (up from RM0.36 in FY 2024). Revenue: RM3.37b (up 15% from FY 2024). Net income: RM354.5m (up 9.7% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Dec 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. 4 experienced directors. 4 highly experienced directors. Independent & Non-Executive Director Lay Loh was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 27
Third quarter 2025 earnings released: EPS: RM0.096 (vs RM0.093 in 3Q 2024) Third quarter 2025 results: EPS: RM0.096 (up from RM0.093 in 3Q 2024). Revenue: RM847.0m (up 18% from 3Q 2024). Net income: RM86.5m (up 4.2% from 3Q 2024). Profit margin: 10% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Upcoming Dividend • Sep 12
Upcoming dividend of RM0.10 per share Eligible shareholders must have bought the stock before 17 September 2025. Payment date: 03 October 2025. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 5.6%. Within top quartile of Malaysian dividend payers (5.6%). Higher than average of industry peers (3.2%). Reported Earnings • Aug 29
Second quarter 2025 earnings released: EPS: RM0.21 (vs RM0.095 in 2Q 2024) Second quarter 2025 results: EPS: RM0.21 (up from RM0.095 in 2Q 2024). Revenue: RM767.0m (up 1.3% from 2Q 2024). Net income: RM192.6m (up 126% from 2Q 2024). Profit margin: 25% (up from 11% in 2Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Aug 28
Genting Plantations Berhad Declares Interim Single-Tier Dividend for the Financial Year Ending December 31, 2025, Payable on October 3, 2025 Genting Plantations Berhad declared an interim single-tier dividend of 10.0 sen per ordinary share in respect of the financial year ending 31 December 2025. The interim single-tier dividend declared and paid for the previous year's corresponding period was 8.0 sen per ordinary share. Entitlement to the interim single-tier dividend: Shares transferred into the Depositor's Securities Account before 4.30 p.m on 18 September 2025 in respect of ordinary transfer. The interim single-tier dividend shall be payable on 3 October 2025. New Risk • Jun 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.06% 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 0.06% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • May 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% 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 0.3% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 29
First quarter 2025 earnings released: EPS: RM0.068 (vs RM0.048 in 1Q 2024) First quarter 2025 results: EPS: RM0.068 (up from RM0.048 in 1Q 2024). Revenue: RM719.5m (up 19% from 1Q 2024). Net income: RM61.3m (up 43% from 1Q 2024). Profit margin: 8.5% (up from 7.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 13
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: RM0.36 (up from RM0.28 in FY 2023). Revenue: RM2.94b (down 1.0% from FY 2023). Net income: RM323.1m (up 27% from FY 2023). Profit margin: 11% (up from 8.5% in FY 2023). Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Apr 11
Genting Plantations Berhad, Annual General Meeting, Jun 10, 2025 Genting Plantations Berhad, Annual General Meeting, Jun 10, 2025, at 10:00 Singapore Standard Time. Location: 26th floor, wisma genting, jalan sultan ismail, 50250 kuala lumpur, Malaysia Buy Or Sell Opportunity • Apr 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to RM5.06. The fair value is estimated to be RM6.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.5% over the last 3 years. Earnings per share has declined by 27%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 2.6% per annum over the same time period. Announcement • Feb 28
Genting Plantations Berhad Announces Chief Executive Officer Changes, Effective March 1, 2025 Genting Plantations Berhad announced the re-designation of Dato' Sri Tan Kong Han, age 59, as Executive Director from Chief Executive Officer. Date of change is 01 March 2025. Qualifications: Masters in MA from St. John's College, Cambridge; Other Qualification in Barrister-at-Law from Lincoln's Inn; Degree in BA from St. John's College, Cambridge. Working experience and occupation: Dato' Sri Tan Kong Han was appointed as the Deputy Chief Executive since 1 December 2010 prior to his appointment as the Chief Executive and Executive Director of the Company on 1 January 2019. He is also the President and Chief Operating Officer of Genting Berhad ("GENT"), the holding company and was appointed an Executive Director on 1 January 2020 and redesignated as President and Chief Operating Officer and Executive Director of GENT, on the same day. He has more than 13 years of working experience in investment banking prior to joining Tanjong Public Limited Company as the Group Chief Operating Officer in 2003. He left Tanjong Public Limited Company in 2007 to join Genting Berhad. He serves as a Director of a variety of subsidiary companies within the Genting Berhad and Genting Plantations Berhad groups. He is also a member of the Board of Trustees of Yayasan Genting and Yayasan Kebajikan Komuniti Malaysia, the Administrator of The Community Chest, Malaysia, a Director of Asian Centre for Genomics Technology Berhad and Genting RMTN Berhad, all of which are public companies as well as the Managing Director of Pan Malaysian Pools Sdn Bhd. The company announced the Re-designation of DATO INDERA LIM KEONG HUI, age 40, as Chief Executive Officer from Deputy Chief Executive Officer. Date of change is 01 March 2025. Qualifications: Masters in Master's Degree in International Marketing Management from Regent's Business School London, United Kingdom. Degree in Bachelor of Science (Honours) in Computer Science from Queen Mary University of London, United Kingdom. Working experience and occupation: Dato' Indera Lim Keong Hui was appointed on 23 November 2011 as a Non-Independent Non-Executive Director, was redesignated as a Non-Independent Executive Director following his appointment as the Chief Information Officer ("CIO") of the Company on 1 January 2015. On 5 May 2017, Dato' Indera Lim was redesignated as a Non-Independent Non-Executive Director of the Company following his resignation as the CIO of the Company. On 1 January 2019, he was redesignated as the Deputy Chief Executive and Executive Director of the Company. On 1 January 2019, he was redesignated as the Deputy Chief Executive and Executive Director of Genting Berhad ("GENT"). He was a Non-Independent Executive Director of GENT following his appointment as the Senior Vice President ("SVP") - Business Development on 1 March 2013 until he was redesignated as the Executive Director - Chairman's Office of GENT on 1 June 2013 and assumed additional role as the CIO on 1 January 2015. He was a Non-Independent Executive Director of Genting Malaysia Berhad ("GENM") following his appointment as the CIO of GENM on 1 January 2015. On 1 January 2019, he was redesignated as the Deputy Chief Executive and Executive Director of GENM. He is also a Director of Genting UK Plc and a member of the Board of Trustees of Yayasan Lim Goh Tong. Dato' Indera Lim previously held various positions in Genting Hong Kong Limited ("GENHK") including as the SVP - Business Development, Executive Director - Chairman's Office, CIO and Executive Director of GENHK. Prior to joining GENHK in 2009, he had embarked on an investment banking career with The Hongkong and Shanghai Banking Corporation Limited. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: RM0.36 (vs RM0.28 in FY 2023) Full year 2024 results: EPS: RM0.36 (up from RM0.28 in FY 2023). Revenue: RM2.94b (down 1.0% from FY 2023). Net income: RM323.1m (up 27% from FY 2023). Profit margin: 11% (up from 8.5% in FY 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 28
Third quarter 2024 earnings released: EPS: RM0.093 (vs RM0.09 in 3Q 2023) Third quarter 2024 results: EPS: RM0.093 (up from RM0.09 in 3Q 2023). Revenue: RM718.5m (down 7.4% from 3Q 2023). Net income: RM83.1m (up 3.1% from 3Q 2023). Profit margin: 12% (up from 10% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 30
First half dividend of RM0.08 announced Dividend of RM0.08 is the same as last year. Ex-date: 12th September 2024 Payment date: 30th September 2024 Dividend yield will be 3.9%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: RM0.095 (vs RM0.079 in 2Q 2023) Second quarter 2024 results: EPS: RM0.095 (up from RM0.079 in 2Q 2023). Revenue: RM757.2m (down 6.1% from 2Q 2023). Net income: RM85.1m (up 20% from 2Q 2023). Profit margin: 11% (up from 8.8% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.1% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • May 30
First quarter 2024 earnings released: EPS: RM0.048 (vs RM0.043 in 1Q 2023) First quarter 2024 results: EPS: RM0.048 (up from RM0.043 in 1Q 2023). Revenue: RM605.8m (up 3.7% from 1Q 2023). Net income: RM42.8m (up 10% from 1Q 2023). Profit margin: 7.1% (up from 6.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Apr 22
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: RM0.28 (down from RM0.53 in FY 2022). Revenue: RM2.97b (down 7.0% from FY 2022). Net income: RM253.5m (down 46% from FY 2022). Profit margin: 8.5% (down from 15% in FY 2022). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is expected to decline by 1.0% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Apr 20
Genting Plantations Berhad, Annual General Meeting, Jun 11, 2024 Genting Plantations Berhad, Annual General Meeting, Jun 11, 2024, at 10:00 Singapore Standard Time. Agenda: To lay before the meeting the Audited Financial Statements for the financial year ended 31December 2023 and the Directors' and Auditors' Reports thereon; to approve the payment of Directors' fees totaling RM1,323,535 for the financial year ended 31 December 2023 comprising RM192,000 per annum for the Chairman of the Company, RM125,000 per annum for each of the Executive Directors and RM129,000 per annum for each of the Non- Executive Directors; to approve the payment of Directors' benefits-in-kind from the date immediately after the Forty-Sixth Annual General Meeting of the Company to the date of the next Annual General Meeting of the Company in 2025; to re-elect directors; and to transact other business. Upcoming Dividend • Mar 07
Upcoming dividend of RM0.13 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 02 April 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Malaysian dividend payers (4.8%). Higher than average of industry peers (2.7%). Declared Dividend • Mar 01
Final dividend of RM0.13 announced Shareholders will receive a dividend of RM0.13. Ex-date: 14th March 2024 Payment date: 2nd April 2024 Dividend yield will be 3.4%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is covered by earnings (44% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: RM0.28 (vs RM0.53 in FY 2022) Full year 2023 results: EPS: RM0.28 (down from RM0.53 in FY 2022). Revenue: RM2.97b (down 7.0% from FY 2022). Net income: RM253.5m (down 46% from FY 2022). Profit margin: 8.5% (down from 15% in FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 23
Third quarter 2023 earnings released: EPS: RM0.09 (vs RM0.084 in 3Q 2022) Third quarter 2023 results: EPS: RM0.09 (up from RM0.084 in 3Q 2022). Revenue: RM775.8m (down 5.7% from 3Q 2022). Net income: RM80.5m (up 6.7% from 3Q 2022). Profit margin: 10% (up from 9.2% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 01
Upcoming dividend of RM0.08 per share at 6.3% yield Eligible shareholders must have bought the stock before 08 September 2023. Payment date: 25 September 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of Malaysian dividend payers (5.2%). Higher than average of industry peers (3.8%). Announcement • Aug 24
Genting Plantations Berhad Announces Interim Single-Tier Dividend for the Financial Year Ending 31 December 2023, Payable on 25 September 2023 Genting Plantations Berhad announced Interim Single-Tier Dividend of 8 sen per ordinary share for the financial year ending 31 December 2023. Ex-Date is 08 September 2023. Entitlement date is 11 September 2023. Payment Date is 25 September 2023. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: RM0.079 (vs RM0.25 in 2Q 2022) Second quarter 2023 results: EPS: RM0.079 (down from RM0.25 in 2Q 2022). Revenue: RM806.0m (down 23% from 2Q 2022). Net income: RM71.0m (down 68% from 2Q 2022). Profit margin: 8.8% (down from 21% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Jun 02
Genting Plantations Berhad Announces Redesignation of SERI DIRAJA TAN SRI (DR.) MOHD ZAHIDI BIN HJ ZAINUDDI to Non-Independent Non-Executive Chairman Genting Plantations Berhad announced Redesignation of DATO' SERI DIRAJA TAN SRI (DR.) MOHD ZAHIDI BIN HJ ZAINUDDIN from Chairman, Independent Non-Executive Director to Chairman, Non-Independent Non-Executive Director of the company with effect from 1 June 2023 to comply with the Main Market Listing Requirements as his tenure as an Independent Director of GENP had exceeded 12 years. Qualifications: Masters of Science Degree in Defence and Strategic Studies from Quaid-I-Azam University, Islamabad, Pakistan. Senior Executive Program in National and International Security from Harvard University, United States of America. Working experience and occupation: Gen. Dato' Seri DiRaja Tan Sri (Dr.) Mohd Zahidi bin Hj Zainuddin (R) was appointed as an Independent Non-Executive Director of Genting Plantations Berhad ("GENP") on 1 July 2005 and was subsequently appointed as the Chairman of GENP on 1 October 2011. He had a distinguished career in the Malaysian Armed Forces for 38 years 11 months, before retiring from the Force on 30 April 2005. During the period as a professional military officer, he served 6 years 4 months as the Malaysian Chief of Defence Forces from 1 January 1999 and as the Chief of the Malaysian Army for one year from 1 January 1998.Gen. Dato' Seri DiRaja Tan Sri (Dr.) Mohd Zahidi bin Hj Zainuddin (R) is presently the Group Chairman of Cahya Mata Sarawak Bhd. He is a director of Genting Malaysia Berhad, Only World Group Holdings Berhad and Chairman and Independent Non-Executive Director of AHAM Asset Management Berhad (formerly known as Affin Hwang Asset Management Berhad). He also sits on the board of several private limited companies in Malaysia.Gen. Dato' Seri DiRaja Tan Sri (Dr.) Mohd Zahidi (R) was made a Member of Dewan Negara Perak by DYMM Paduka Seri Sultan Perak on 25 November 2006 and is a Director/Trustee for the Board of Trustee of Yayasan Sultan Azlan Shah. On 23 April 2013, Gen. Dato' Seri DiRaja Tan Sri (Dr.) Mohd Zahidi (R) was appointed as Orang Kaya Bendahara Seri Maharaja Perak Darul Ridzuan by DYMM Paduka Seri Sultan Perak and the Dewan Negara Perak Darul Ridzuan. Gen. Dato' Seri DiRaja Tan Sri (Dr.) Mohd Zahidi (R) is the Pro-Chancellor of University Sultan Azlan Shah (USAS) since December 2018. He was awarded an Honorary Doctorate in Management of Defense and Strategic Studies from National Defence University of Malaysia, also known as Universiti Pertahanan Nasional Malaysia (UPNM) in 2016. Reported Earnings • May 25
First quarter 2023 earnings released: EPS: RM0.043 (vs RM0.13 in 1Q 2022) First quarter 2023 results: EPS: RM0.043 (down from RM0.13 in 1Q 2022). Revenue: RM584.3m (up 10% from 1Q 2022). Net income: RM38.8m (down 67% from 1Q 2022). Profit margin: 6.6% (down from 22% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to decline by 1.5% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • May 25
Genting Plantations Berhad Reports Property, Plant and Equipment Written Off for the Quarter Ended March 31, 2023 Genting Plantations Berhad reported Property, plant and equipment written off for the quarter ended March 31, 2023. For the quarter, the company reported Property, plant and equipment written off are MYR 92,000. Upcoming Dividend • Mar 02
Upcoming dividend of RM0.19 per share at 5.6% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 28 March 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of Malaysian dividend payers (5.2%). Higher than average of industry peers (3.8%). Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: RM0.53 (vs RM0.48 in FY 2021) Full year 2022 results: EPS: RM0.53 (up from RM0.48 in FY 2021). Revenue: RM3.19b (up 1.9% from FY 2021). Net income: RM471.4m (up 9.1% from FY 2021). Profit margin: 15% (in line with FY 2021). Revenue is forecast to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Food industry in Malaysia are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Price Target Changed • Dec 04
Price target decreased to RM6.74 Down from RM7.58, the current price target is an average from 16 analysts. New target price is 11% above last closing price of RM6.06. Stock is down 10% over the past year. The company is forecast to post earnings per share of RM0.59 for next year compared to RM0.48 last year. Major Estimate Revision • Nov 30
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from RM3.48b to RM3.39b. EPS estimate also fell from RM0.67 per share to RM0.59 per share. Net income forecast to shrink 29% next year vs 11% decline forecast for Food industry in Malaysia. Consensus price target down from RM7.58 to RM7.17. Share price fell 3.0% to RM6.21 over the past week. Reported Earnings • Nov 24
Third quarter 2022 earnings released: EPS: RM0.084 (vs RM0.11 in 3Q 2021) Third quarter 2022 results: EPS: RM0.084 (down from RM0.11 in 3Q 2021). Revenue: RM822.4m (up 12% from 3Q 2021). Net income: RM75.5m (down 26% from 3Q 2021). Profit margin: 9.2% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 7.8% p.a. on average during the next 3 years compared to a 2.0% decline forecast for the Food industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. CEO & Executive Director Kong Tan was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Nov 01
Price target decreased to RM7.58 Down from RM8.27, the current price target is an average from 16 analysts. New target price is 24% above last closing price of RM6.12. Stock is down 14% over the past year. The company is forecast to post earnings per share of RM0.66 for next year compared to RM0.48 last year. Upcoming Dividend • Sep 02
Upcoming dividend of RM0.15 per share Eligible shareholders must have bought the stock before 09 September 2022. Payment date: 26 September 2022. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Malaysian dividend payers (5.0%). Higher than average of industry peers (3.5%). Announcement • Aug 25
Genting Plantations Berhad Announces Interim Single-Tier Dividend in Respect of the Financial Year Ending 31 December 2022, Payable on 26 September 2022 Genting Plantations Berhad announced Interim Single-Tier Dividend of 15.0 sen per ordinary share in respect of the financial year ending 31 December 2022. Ex-Date is 09 September 2022. Entitlement date is 12 September 2022. Payment Date is 26 September 2022. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: RM0.25 (vs RM0.12 in 2Q 2021) Second quarter 2022 results: EPS: RM0.25 (up from RM0.12 in 2Q 2021). Revenue: RM1.05b (up 32% from 2Q 2021). Net income: RM223.4m (up 114% from 2Q 2021). Profit margin: 21% (up from 13% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to decline by 1.5% while the Food industry in Malaysia is not expected to grow. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • May 27
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: RM0.13 (up from RM0.071 in 1Q 2021). Revenue: RM530.4m (down 1.1% from 1Q 2021). Net income: RM116.6m (up 83% from 1Q 2021). Profit margin: 22% (up from 12% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) also surpassed analyst estimates by 9.2%. Over the next year, revenue is forecast to grow 7.5%, compared to a 5.0% growth forecast for the industry in Malaysia. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.