Genting Berhad (3182)

Overview

Genting Berhad, headquartered in Kuala Lumpur, Malaysia, is a diversified investment holding company with a global presence. Founded in 1965, it has grown into an international conglomerate, operating across various industries such as leisure and hospitality, power generation, plantation, biotechnology, property development and management, as well as oil and gas exploration, among others. The company's comprehensive portfolio includes engaging in gaming and entertainment, operating resorts, hotels, theme parks, and providing a myriad of services ranging from food and beverages to tours and travel-related activities. Additionally, Genting Berhad extends its business operations to include oil palm plantations, electric power generation and supply, property investments, and oil and gas exploration, showcasing its wide-ranging involvement in critical sectors of the economy.

Products and Services

• Leisure & Hospitality

Under this segment, Genting Berhad operates in gaming, hotels, food and beverages, theme parks, retail, entertainment and attractions, tours, and travel-related businesses. It is also involved in the development and operation of resorts as well as the provision of other support services, cementing its position in the hospitality sector.

• Plantation

This segment focuses on operating oil palm plantations, palm oil milling, and related activities, contributing to the agriculture and food industry by ensuring the provision of palm oil, a crucial commodity in the global market.

• Power

Genting Berhad is involved in the generation and supply of electric power, playing a significant role in the energy sector by ensuring the availability of electricity to support both domestic and industrial needs.

• Property

The company’s property segment is engaged in developing and investing in properties, showcasing Genting Berhad's versatility in property development and real estate management.

• Oil & Gas

In this segment, the company explores for, develops, and produces oil and gas, contributing to the energy sector with its exploration and production activities.

• Biodiesel Manufacturing

Genting Berhad manufactures and sells biodiesel, aligning with global efforts towards sustainable energy and the reduction of carbon emissions.

• Biotechnology

It develops rapid sequencing-based diagnostic tests and engages in research and development for genomics, natural sciences, and engineering. It also works on the early diagnosis and treatment of Alzheimer’s and other neurodegenerative diseases, demonstrating its commitment to healthcare innovation.

• Ocean Biotechnology

Constructs and operates fish farms, indicating involvement in sustainable aquaculture and food production.

• Various Services

Provides a wide range of services including offshore financing; advisory, technical, and administrative services to oil and gas companies; risk and insurance management consultancy; project management, and information technology services tailored to the gaming and resort industry. Additionally, it facilitates international sales and marketing, operates a video lottery facility, offers cable car services, and acts as a collection agent and owner of aeroplanes. These diverse services further solidify Genting Berhad’s role as a comprehensive service provider in multiple sectors.