Genting Shareholders Get 18GP Points For 2011

Besides Dividend, Genting has another unique way of rewarding their loyal Highlanders.
    
Shareholders of Genting will get 18GP Genting Points provided that they own the shares on 10th May 2011 or before. The 18 GP will be credited to the member's existing account by 15th June 2011.

The 31st AGM of Genting Malaysia will be held 8th June 2011 at Wisma Genting, Jalan Sultan Ismail 50250 Kuala Lumpur.



18GP could get you 2 free night's stay at First World Hotel calculated at 7GP per night's stay.
Or 1 free night at the classier Resort Hotel using 16GP.

A buffet lunch at the Restoran Kampong costs a whopping 21GP and at First World Cafe - double of that at 41GP. Punters will likely opt for the hotel stay redemption instead of the costlier glutton's feast.

Genting FAQ About The 18GP Promotion:
http://www.rwgenting.com/18gp/faqs.htm
First World Hotel Genting Highlands
Resort Hotel Genting Highlands

Genting Worldcard Page:
http://www.worldcard.com.my

All Genting Related Inside Corporate Information

Here is a quick summary of all-things-Genting! .
1) Genting Berhad - Wright Quality Rating: ACC3
Business Description:
Genting Berhad is an investment holding and management company. The principal activities of the subsidiaries include leisure and hospitality, gaming and entertainment businesses, plantation, the generation and supply of electric power, property development and management, tours and travel related services, genomics research and development, investments and oil and gas exploration, development and production activities. The principal activities of its associates include the generation and supply of electric power, resort, property investment and property development. The Company has over 4,500 hectares of prime resort land and about 134,000 hectares of plantation land. In December 2009, it completed the disposal of its subsidiaries, Oakwood Sdn. Bhd. and Genting Highlands Tours and Promotion Sdn. Bhd., to Genting Malaysia Berhad. In April 2010, it acquired Peak Avenue Limited and Newquest Ltd. In June 2010, the Company acquired Aurasun Resources Sdn Bhd.
 
2) Genting Malaysia Berhad -Wright Quality Rating: AAA1
Business Description:
Genting Malaysia Berhad, formerly Resorts World Bhd, is involved in a tourist resort business at Genting Highlands, and its activities cover leisure and hospitality services, which comprise gaming, hotel, entertainment and amusement. Its subsidiaries are engaged in property development and management, leisure and hospitality services, investments, time share ownership scheme, tours and travel related services. The Company operates in two segments: Leisure & Hospitality, which includes the gaming, hotel, entertainment and amusement businesses, tours & travel related services and other support services, and Properties division, which holds the land held for development of the Company and is involved in property developments. Genting Berhad is its immediate and ultimate holding company. In December 2009, Genting Berhad disposed of its subsidiaries, Oakwood Sdn. Bhd. and Genting Highlands Tours and Promotion Sdn. Bhd., to the Company. In May 2010, the Company acquired High Valley Limited.
 
3) Genting Hong Kong Limited - Wright Quality Rating: CBNN
Business Description:
Genting Hong Kong Limited, formerly Star Cruises Limited, is an investment holding company principally engaged in the operation of passenger cruise ships in Asia Pacific. The Company, together with its jointly controlled entities, NCL Corporation Ltd. (NCLC) and its subsidiaries (the NCLC Group), has a combined fleet of 17 ships cruising to over 200 destinations in the world, offering approximately 30,000 lower berths. The Group operates under the principal brand name of Star Cruises while the NCLC Group operates under Norwegian Cruise Line brand. Star Cruises operates seven ships offering various cruise itineraries and calls destinations primarily in the Asia Pacific region. Norwegian Cruise Line operates 10 cruise ships offering cruises in North and South America, Hawaii, Caribbean, Alaska, Europe, Mediterranean and Bermuda. The Company's subsidiaries are principally engaged in the business of cruise and cruise related operations and leisure, entertainment and hospitality activities.

4) Genting Singapore PLC - Wright Quality Rating: ABNN
Business Description:
Genting Singapore PLC, formerly Genting International PLC, is an integrated resorts development specialist engaged in developing, operating and/or marketing casinos and integrated resorts in different parts of the world. Its principal activities are development and operation of integrated resort; casino operations; international sales and marketing services, and information technology (IT) application related services. It operates in two segments: leisure and hospitality, which is engaged in the provision of sales and marketing services and information technology related services to leisure and hospitality related businesses, development and operation of integrated resort, and casino operations and investments, which is engaged in investing in assets to generate future income and cash flows. In July 2009, the Company incorporated Genting Singapore (HK) Limited as its wholly owned subsidiary in Hong Kong. In September 2010, it acquired Genting Singapore Aviation.

5) Genting Plantations Berhad - Wright Quality Rating: BAB9
Business Description:
Genting Plantations Berhad, formerly known as Asiatic Development Berhad, is a Malaysia-based company engaged in plantation, investment holding and provision of management services. The Company operates in four segments: plantation, which is engaged in oil palm plantations; property, which is engaged in property development and the operation of a golf course; biotechnology, which is engaged in genomics research and development, and others. During the year ended December 31, 2009, the Company produced 1.16 million metric tons of fresh fruit bunches. In 2009, the Company planted a total area of 60,007 hectares with oil palms. As of December 31, 2009, the Company's subsidiaries were Genting SDC Sdn Bhd, Genting Plantations (WM) Sdn Bhd, Genting Tanjung Bahagia Sdn Bhd, Landworthy Sdn Bhd, Kinavest Sdn Bhd, Asiaticom Sdn Bhd, Genting Oil Mill Sdn Bhd, Genting Property Sdn Bhd, Technimode Enterprises Sdn Bhd, Genting Land Sdn Bhd and Genting Green Tech Sdn Bhd, among others.
 

Genting Malaysia rising in tandem with Genting Singapore

Genting Malaysia has been rising in tandem with Genting Singapore. From a long average range trading of $2.70 to $2.85 for over 1 year, now it has risen to over $3.40. Price was on an automated computerised buy-in high of $3.60 and went down slightly after the dividend (XD). And now on a equal climb with Genting Singapore.

Today, I am at Genting Highlands Resorts. Staying in the Highland Hotels, Level 9 of the Premier section. The interior has been upgraded once again. Very clean facilities. Very super fast lifts / elevator to shuttle impatient punters out of their hotel rooms into the casino tables. Staff have high morale. Salary here is much higher than elsewhere in Malaysia. Staff have their own residences and staff meal coupons. You have no place to "waste" your money. Just work, get paid, save, no worries about place to stay, rent, nor food. Happy employees means productive and dedicated employees. Policemen everywhere. They seem so much more professional and happier to give a smile than elsewhere too. Security is a top. The dining courts, restaurants, Maxims, Good Friends Restaurant, McDonalds, Marry Brown, Hainan Kitchen, are all packed with consumers. The slot machines ate 100 RM and then 50 RM. Then another 100 RM.

There are competitions and lucky draw for a BMW car (top prize) in celebration of 45th Anniversary of Genting Highlands. Veteran punters are approached by courteous staff, and being offered a free two nights stay at the hotel for the next trip that must be used within 2 months period (bar peak period). Just by checking your Genting Card and Genting Points accumulated for the day. On average, I think you can earn 1 Genting Point for "using" 50 RM for a span of 30 minutes or so. Yes there's another promotion! If you obtained 3 GP (Genting Points) within a day, you get a FREE COMBO MEAL coupon at 4-5 of the participating restaurants - like Fortune Corner, Hainan, and a few others. PLUS you stand a chance to win the car.

Cross marketing, and market segmentation is at its best. Veterans, retired citizens, who have slogged for years working and now have freedom of travel time (weekdays, non peak, non public holiday) are more often than not being offered the free room special. In proviso, you have to book it within a designated time frame. A trip to Genting Highlands for 2 person will consists of travelling expenses, meals, and casino budget. Say a low casino budget of 100 RM per day. You will be spending 2 days or 1 night, so 200 RM budget. Food is pricy at average of 20 RM per meal. 200 + 80 = 300 RM. For a very low budget person. And usually people travel as a team, a couple, old friends, so 2 person minimum. That's 600 RM into the Revenue of Genting Malaysia's balance sheet. You can bet that "normal and regular punters" will have a bigger casino budget, say 200 RM to 500 RM per day.

So that free hotel stay, means another 600-1000 RM coming in. On non-peak periods. My parents have 400-500 Genting Points. Based on my 50 RM "usage" theory, they have spent 50 RM x 400 = 20 000 RM over a course of 5 years. Average of 4000 RM per year. So yes, 1000 RM per trip. Multiply that with the veteran membership numbers (any Genting personnel can supply this figure or any actuarial estimate?) Basically the so called "non peak" period is covered solid. The bus companies too are subsidised by Genting Malaysia to have a "fair" fare for customers.

At the Galleria, a museum to showcase the roadmap of Genting's founder Lim Goh Tong - and vision of the place. 45 years ago. The startup phase was difficult. The road, literally The Long And Winding Road as sang by The Beatles. Perhaps his favourite song? Took 4 years to build the access road to the mountain top. Basically zero profit for building a road. So zero profit for 4 years. Then I look at the graph and charts, the first 10 years or so very slow. And then exponential growth. Then 97, then 2008. There are charts to show the stock value and nett profit. Compounded Average Growth Rate is a remarkable 20%. Therefore, perhaps you may want to think it is terms of a fixed deposit with 20% per annum interest rate. Some years would have had 30%, 40% growth. So think of say an average sum of $10 000 with 20% interest and keep it for 45 years. The answer: _____

So for those who thought they might have missed the boat buying Genting Singapore, Genting Malaysia is always here. The price converted to Singapore dollars is about 4.25 / 2.25 = $1.88 Singapore Dollars. Besides holding both stocks covers both economies or both market and part of diversification.

The clouds are coming again. It is cold. Weather up here is uncertain. It is raining now. One thing certain is your company's profit here. Yes your company - you are the shareholder, yes?