Company Overview of Domestic Direct Competitors of Sime Darby (Genting Berhad)
COMPANY OVERVIEW OF DOMESTIC DIRECT COMPETITORS OF SIME DARBY (GENTING BERHAD)
Genting Berhad (Genting), a holding company for the Genting Group, operates resorts, casino and plantations. It also develops properties, manufactures paper and generates electricity. The company primarily operates in Malaysia. It is headquartered in Kuala Lumpur, Malaysia and employs 36,000people.
The company recorded revenues of MYR6,943.8 million (approximately $1,968.3 million) during the fiscal year ended December 2006, an increase of 27.3% over 2005.The operating profit of the company was MYR3,124.6 million (approximately $885.7 million) during fiscal year 2006, an increase of 22.7% over 2005.The net profit was MYR2,242.5 million in fiscal year 2006, an increase of 23.8%over 2005.
SWOT ANALYSIS
Genting is the management and investment holding company of Genting Group. Through its subsidiaries, the company provides leisure and hospitality, cruise and entertainment businesses. Genting also operates plantations, develops and manages property, power generation, manufactures and trades paper, explores oil and gas and provides tours and travel related services.
The continued success of its leisure and hospitality business, driven by a strong performance from Genting Highlands Resort and its gaming business, has improved overall revenue and profit growth for the company. However, regional competition from new leisure attractions such as Disneyland and Macau's strong position in the gaming business could weaken the company's leisure and hospitality business.
Strengths
• Diverse business portfolio
• Strong leisure and hospitality division
• Strong performance of oil and gas Weaknesses
• Weak performance of property and manufacturing divisions
• Weak returns
Opportunities
• Growing wealth of Asian population
• Government initiatives to promote Malaysia
• Strong outlook for China’s energy sector
• Rising demand for biodiesel Threats
• Intense competition
• Natural disasters and epidemics
Genting Berhad (Genting), a holding company for the Genting Group, operates resorts, casino and plantations. It also develops properties, manufactures paper and generates electricity. The company primarily operates in Malaysia. It is headquartered in Kuala Lumpur, Malaysia and employs 36,000people.
The company recorded revenues of MYR6,943.8 million (approximately $1,968.3 million) during the fiscal year ended December 2006, an increase of 27.3% over 2005.The operating profit of the company was MYR3,124.6 million (approximately $885.7 million) during fiscal year 2006, an increase of 22.7% over 2005.The net profit was MYR2,242.5 million in fiscal year 2006, an increase of 23.8%over 2005.
SWOT ANALYSIS
Genting is the management and investment holding company of Genting Group. Through its subsidiaries, the company provides leisure and hospitality, cruise and entertainment businesses. Genting also operates plantations, develops and manages property, power generation, manufactures and trades paper, explores oil and gas and provides tours and travel related services.
The continued success of its leisure and hospitality business, driven by a strong performance from Genting Highlands Resort and its gaming business, has improved overall revenue and profit growth for the company. However, regional competition from new leisure attractions such as Disneyland and Macau's strong position in the gaming business could weaken the company's leisure and hospitality business.
Strengths
• Diverse business portfolio
• Strong leisure and hospitality division
• Strong performance of oil and gas Weaknesses
• Weak performance of property and manufacturing divisions
• Weak returns
Opportunities
• Growing wealth of Asian population
• Government initiatives to promote Malaysia
• Strong outlook for China’s energy sector
• Rising demand for biodiesel Threats
• Intense competition
• Natural disasters and epidemics