Genting BHD: A Strategic Leap in Tourism and Palm Oil
In a remarkable year for Genting BHD, the Malaysian conglomerate has made significant strides in both the tourism and palm oil sectors. Known for its extensive operations in palm oil production, Genting BHD has also ventured into the lucrative world of tourism, marking a strategic expansion that promises to redefine its market presence.
Tourism Ventures: A New Chapter
On July 10, 2025, Genting BHD, through its subsidiary Resorts World Genting, announced a groundbreaking partnership with Trip.com Group. This collaboration aims to bolster Malaysia’s inbound tourism, leveraging Trip.com’s vast international user base. The partnership is set to enhance the travel experience for international tourists, offering seamless and personalized services. A key highlight of this collaboration is the integration of booking systems for hotels and theme parks, ensuring real-time updates and synchronized pricing. This move is expected to significantly boost Resorts World Genting’s visibility in the international tourism market.
Furthermore, Genting BHD is making waves in the global casino industry with its bid for a New York casino license. The proposed project, estimated at RM231 billion, aims to establish one of the world’s largest casinos, potentially generating billions in revenue. This ambitious venture underscores Genting’s commitment to expanding its footprint in the global entertainment and tourism sectors.
Palm Oil: Sustaining Growth
Despite its foray into tourism, Genting BHD remains a powerhouse in the palm oil industry. As one of the world’s largest manufacturers of palm oil, the company continues to employ advanced technology and sustainable practices. This commitment ensures the highest quality standards for its products, catering to a wide range of industries including food, cosmetics, and biofuels.
Financial Overview
As of July 9, 2025, Genting BHD’s stock closed at MYR 3.18, with a 52-week high of MYR 4.87 and a low of MYR 2.95. The company boasts a market capitalization of MYR 12,328,530,000. Despite a high price-to-earnings ratio of 41.28, Genting’s strategic initiatives in tourism and its stronghold in the palm oil sector position it for potential growth.
Looking Ahead
Genting BHD’s strategic moves in 2025 highlight its ambition to diversify and strengthen its market position. The partnership with Trip.com Group and the bid for a New York casino license are testament to Genting’s vision for growth beyond its traditional palm oil operations. As the company continues to navigate the complexities of the global market, its focus on innovation, sustainability, and strategic partnerships will be key to its success.
In conclusion, Genting BHD’s activities in 2025 reflect a company at the cusp of transformation. With its eyes set on expanding its tourism ventures while maintaining its leadership in the palm oil industry, Genting is poised for a future of growth and innovation.