Added to YB: 2026-08-31
Pitch date: 2026-08-27
GENM.KL [neutral]
Genting Malaysia Berhad
-0.58%
current return
Author Info
No bio for this author
Company Info
Genting Malaysia Berhad, together with its subsidiaries, engages in the leisure, tourism, and hospitality business in Malaysia, the United Kingdom, Egypt, the United States, and the Bahamas.
Market Cap
MYR 9.8B
Pitch Price
MYR 1.71
Price Target
N/A
Dividend
4.05%
EV/EBITDA
9.16
P/E
31.72
EV/Sales
1.76
Sector
Hotels, Restaurants and Leisure
Category
growth
Genting Malaysia: Another Double-Bagger?
GENM.KL (earnings): A potential 2x merits further research: Genting Malaysia’s 93% Q2 profit decline largely reflects nonrecurring acquisition and FX gains plus New York startup costs, while weekly regulatory data indicates GENNY revenue growth accelerated in Q3. Fitch estimates GENNY could add almost 45% to group EBITDA by 2028, versus 14% in sell-side forecasts, and hidden property value equals 73% of market cap. The key question is whether cash flow can fund MYR2B of annual capex without materially increasing already-high debt.
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