Revaluing Genting group

PETALING JAYA: Given the Genting group's disjointed corporate structure, some analysts reckon it can derive significant value if it embarks on a restructuring of assets currently parked under Genting Bhd, its listed flagship company.

And the key to unlocking this would be the consolidation of the gaming interests under one roof while carving out the non-gaming assets, CIMB Research said in a report yesterday. “The main issue is whether Genting is a global gaming conglomerate or just a diversified conglomerate. Arguably it is the only leisure-based company with such varied interests from plantations to oil and gas. Ownership of its gaming interests are disjointed,” the firm noted.