Listed in 1971, Genting Berhad operates in nine countries across four continents. It is involved in various businesses ranging from leisure and hospitality, plantations, property, as well as power and oil and gas.
As an investment holding and management company, its businesses are conducted via its listed companies including Genting Malaysia Berhad, Genting Singapore Limited, Genting Plantations Berhad, as well as unlisted Genting Energy Limited and Resorts World Las Vegas LLC.
Here are 10 things I learned from the 2019 Genting AGM:
1. Revenue increased 4.1% year-on-year to RM20.9 billion in 2018. In the last five years,revenue has grown at a compound annual growth rate (CAGR) of 3.4%. The improved results are mainly due to the better performance achieved by the leisure and hospitality segment.
The leisure and hospitality segment contributed 83.1% of Genting’s revenue in 2018 compared to 82.9% in 2017.Resorts World Sentosa and Resorts World Genting remained